AOC ANNOUNCES PRICE INCREASE FOR U.S. and Canada
February 20, 2017
AOC, LLC announces a price increase for all products and all orders shipped on or after March, 4th 2017. The increase will be $0.07/lb. in the USA, and CND $0.20/Kg in Canada, including list prices.
This increase is in part the result of the styrene shortage gripping the North American market which is of a magnitude and duration not seen in many years. The rapidly escalating styrene prices are being compounded by continued increases in other key raw materials such as maleic anhydride, phthalic anhydride, glycols and TiO2, among others, thus requiring this increase.
On styrene, the extended shutdowns at Sabic (styrene Force Majeure declared) and Americas Styrenics represent a loss of approximately 20% of the North American styrene capacity at a time when demand for styrene, especially polystyrene, is very strong. Moreover, the planned shutdown at Styrolution (March) and Lyondell’s styrene production loss (February) only exacerbate what is already a tenuous styrene market.
AOC is currently well positioned to take care of our customers’ needs. However, it is clear that these industry-wide circumstances are fluid and uncertainty remains. AOC is working to minimize the impact on customers and appreciates continued patience and support during this time.
AOC is a leading global supplier of resins, gel coats, colorants, additives and synergistic material systems for composites and cast polymers. For more information on AOC technology, quality and service, phone Leslie Beck at (901) 854-2318, or e-mail, LBeck@AOC-Resins.com.