Arkema has raised its prices for oxygenated solvents in Europe, Kraton Polymers will hike prices in the Asia Pacific for polymers used in lubricants, and Oxea plans to increase its prices in several regions for carboxylic acids and polyols used in lubricants.
Colombes, France-based Arkema last week announced that effective Sept. 10, or as contracts allow, it increased the price of its oxygenated solvents in Europe by 100 per metric ton. This price adjustment is necessary to offset the increase of raw materials, in particular acetone, and energy, the company said.
Arkemas oxygenated solvents are used in markets such as lubricants, paints and coatings, pharmaceuticals and personal care.
Houston-based Kraton Polymers yesterday announced a price increase effective Oct. 1 on Kraton SBS and OE SBS polymers and compounds of $300 per metric ton in the Asia Pacific region. The increase is subject to the terms of any applicable contracts. SBS polymers can be used in lubricants and other applications ranging from personal care to paving.
Oberhausen, Germany-based Oxea on Friday said that effective Oct. 1, or as contracts allow, it would increase prices on a variety of carboxylic acids by 7 cents to 15 cents per pound in the Americas, by $150 to $300 per metric ton in Asia and by 100 to 150 per metric ton in Europe.
Oxea will also increase the prices for polyols – including neopentylglycol and trimethylolpropane — by 15 cents per pound in the Americas, by $300 per metric ton in Asia and by 200 per metric ton in Europe. In Europe, the price increases also include an increase of 100 per metric ton on propionaldehyde.
Oxea is a global supplier of solvents, polyols and oxo derivatives such as carboxylic acids, esters and amines. The products are used to make coatings, lubricants, cosmetics, pharmaceuticals and other products.