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[China Epoxy Resin Industry Online] News from November 15, 2004 The Dow Chemical Company has implemented all grades of epoxy vinyl ester resin products worldwide from November 15 or the date of contract permitting.
Increasing prices, including 15 cents/lb (approximately US$330/ton) in the US market; 0.
42 Canadian dollars/kg (approximately US$320/ton) in the Canadian market; 350 euros/ton in the European market; and an increase in the Asian market The price is US$300/ton; the price increase in the Latin American market is US$200/ton.
According to Dow Chemical Global Commercial Director Bill Kincaid, Dow is enduring the pain caused by the sharp rise in raw material, energy and transportation costs.
Under these circumstances, it has to raise prices substantially to restore the company's profitability.