Oxea, Eastman and Troy have implemented price hikes on several types of chemicals used in lubricants.
Oberhausen, Germany-based Oxea increased list and off-list prices for two carboxylic acids effective by $50 to $150 per metric ton in Europe, by 10 cents per pound in North America and by $70 to $200/t in the rest of the world. Carboxylic acids are used in synthetic lubricants.
Oxea also raised prices on neopentylglycol by 5 cents per pound in North America, and on both NPG and trimethylolpropane $200/t in Latin America, Asia, Africa and the Middle East. Both chemicals are used in production of synthetic lubricants.
Eastman Chemical Co. increased prices for NPG by 10 cents per kilogram in Asia Pacific. These increases are due to elevated operating costs, particularly in raw materials, energy and freight, stated Eastman, of Kingsport, Tenn.
Troy Corp. will increase global prices effective May 1, or as contracts allow, for its Polyphase and Mergal products by up to 15 percent. This price increase is due to increases in the cost of key raw materials, global regulatory support, energy, transportation and labor, Troy said.
The Florham Park, N.J.-based company makes and markets products for metalworking fluids.