Price hikes continue to beset the market for chemicals used in lubricant additives. Supresta, Troy Corp. and Dow Chemical sang a familiar tune with recent announcements, citing higher costs for petroleum and other raw materials.
Supresta (formerly part of Akzo Nobel) announced global hikes ranging from 5 cents to 30 cents per pound for phosphorus-based chemicals used as lubricants and other applications. The increases take effect July 1. The company, which is based in Ardsley, N.Y., attributed the action to higher costs for phosphorus and petroleum-based raw materials and scarcity of those same materials.