IHS Chemical Week

Economics :: Prices

Certain Resin Prices Rise; Hexion Streamlines Unit

11:19 AM MDT | June 26, 2009 | Esther D’amico

Prices of unsaturated polyester and vinyl ester resins used in composites are rising amid increasing costs for raw materials, including dicyclopentadiene, phthalic anhydride, propylene glycol, and styrene, suppliers say. “Crude oil prices have shot up and, with that, the intermediates have followed,” a Hexion Specialty Chemical spokesperson tells CW. Hexion also cites higher energy and transportation costs. Hexion, Cook Composites and Polymers (CPP), and Reichhold each recently announced 5-cts/lb increases for those resins used in composites. The...

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