08 July 2008 19:15 [Source: ICIS news]
HOUSTON (ICIS news)--US epoxy resin producers appear to be standing firmly behind price increase proposals of 8-11% for June and July, and a majority of the proposed increases would likely remain in place, resin buyers said on Tuesday.
“The message is clear that [producers] are not happy with margins,” a resin buyer in the coatings sector said.
Another buyer said producers were leveraging tight supplies of upstream products to help drive through the epoxy resin price increases.
Buyers said the epoxy resin price hikes had not significantly dampened demand, noting that applications such as aerospace, wind energy and industrial coatings were showing healthy growth.
Some sources have indicated July prices extending into the low 170s cents/lb.
($1 = €0.64)
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections