MOSCOW (MRC) -- Polynt Composites (Scanzorosciate, Italy) has announced a price rise in Europe for all its unsaturated polyester resins (UPRs), gelcoats, and vinyl esters, effective 1 March 2021 or as contracts allow, reported Chemweek.
Raw and auxiliary materials costs “are relentlessly increasing during the first months of 2021,” it says. Freight and logistic costs, as well as packaging costs, are also rising, it says.
Polynt’s full vinyl ester range will be increased by EUR300/metric ton (USD364/metric ton), while its UPRs, gelcoats, and ancillary products will rise by EUR200/metric ton.
The thermoset composites manufacturer imposed similar price increases in January for the same given reasons, and says it will “make every effort” to limit the impact of rising costs on its product pricing.
As MRC informed previously, in early March, 2020, Polynt announced that all its sites and activities in Italy were running smoothly and according to plan, despite the news about the Italian situation related to the spreading of the coronavirus in the country.
Polynt runs two maleic anhydride (MA) plants in northern Italy, including Bergamo’s 36,000 tonne unit in Lombardy and Ravenna’s 60,000 tonne plant on the east coast. The bigger production line at Ravenna had been operating at a reduced rate since March 2019 due to technical issues, the firm previously said. A new reactor ordered is expected to be operational in 2021. Polynt also produces phthalic anhydride at Bergamo and its San Giovanni Valdarno site, as well as plasticizers at San Giovanni Valdarno.
Maleic anhydride is a feedstock for the production of tetrahydrofuran, tetrahydrophthalic anhydride, films and synthetic fibers, pharmaceuticals, detergents, plasticizers, maleic, succinic, fumaric and malic acids and a number of chemicals for agriculture.
Plasticizers are substances introduced into a polymeric material to give it elasticity and plasticity during processing and operation. In particular, plasticizers are used to produce polyvinyl chloride (PVC). The share of plasticizers used for the production of PVC products is about 80%.
According to MRC's ScanPlast report, PP shipments to the Russian market reached 1 240,000 tonnes in 2020 (calculated using the formula: production, minus exports, plus imports, excluding producers' inventories as of 1 January, 2020). Supply of exclusively PP random copolymer increased.
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