Hexion increased polyester powder resin prices by $0.12 per lb for full-pallets effective with shipments made on or after August 16, 2010. Additionally, the premium for material not purchased in full pallet quantities was adjusted to $1.00 per lb over the less-than truckload pallet price.
Off-list prices for affected products will be increased as follows effective August 30, 2010, or as contracts allow.
$0.11 per lb ... Liquid polyester resins based on adipic acid
$0.08 per lb ... Liquid polyester resins not containing adipic acid
$0.08 per lb ... Solution Acrylic Resins
$0.07 per lb ... Acrylic & Styrene-Acrylic latexes
$0.03 per lb ... Vinyl-Acrylic latexes
$0.025 per lb ... Soya-based long oil alkyd resins
$0.015 per lb ... Soya-based medium oil alkyd resins
These increases only partially recover the impact of these key raw material increases over the last few months and the recent rapid increases in soy bean oil prices.