Kraton Polymers announced plans to raise prices on SBS-based polymers and compounds in the Asia Pacific region, and Oxea said it would raise list and off-list prices for several solvents across several regions.
Houston-based Kraton said that effective June 1, it will implement a general price increase of $330 per metric ton on all shipments for SBS (styrene-butadiene-styrene block) and O/E (oil extended) SBS polymers and compounds in the Asia Pacific Region. SBS polymers can be used in lubricants and other applications ranging from personal care to paving.
According to Kraton, the company continues to experience unprecedented cost increases derived from raw materials, energy and packaging costs.
Oberhausen, Germany-based Oxea announced that effective June 1, or as contracts allow, it would increase off-list prices on a variety of solvents – butyl acetate, butanol, propyl acetate and propanol – by 3 cents per pound in the United States, Canada and Mexico; by $66/mt in South and Central America; and by $66/mt in Asia, Africa and the Middle East.