Global polymer providers announced product prices increase

Various raw material providers in the polymer business have announced their decisions to increase product prices starting from this June or July.

As of June 1 this year, BASF will raise its gross market price (GMP) for Polystyrene by 100 euros per metric ton. BASF claimed that the prices of styrene had reached a historical high in the past week, saying a further price increase may be possible.

To response to the surge of energy cost, Dow Chemical also announced last week the rise of all its products by up to 20% – depending on their exposure to rising energy, feedstock and transportation costs – and will review all terms to all customers.

Rhodia Polyamide and Solutia, two global nylon providers, have also announced that they will increase the prices of some of their polyamide products starting from July 1.

Rhodia Polyamide decided to increase the price of its PA 6.6 Stabamid Polymer range in Europe by 200 euros/MT, effective from July 1 – or as contracts allow – in order to offset rising raw material, transport and energy costs.

Solutia, as announced on June 4, also increased prices by 10% across its Ascend and Vydyne (PA66) resins worldwide. The increase applies to orders shipped on or after July 1 and will be applied across the Ascend and Vydyne product families.