Epoxy resin producers in the US and Europe have announced price increases for October business due to a number of factors. In the US, the petrochemical industry is slowly recovering but logistic issues are hampering deliveries of epoxy resins and some of their feedstocks. In Europe, the market is being heavily influenced by strong Chinese demand; epichlorohydrin material in Asia is tight and prices are marching upwards. Quarter four could see further price hikes in both the US and Europe as the volume of Asian imports of epoxy resin is expected to sharply decrease. Some sources believe that this won’t be the end of it; the writing is on the wall for further price increases.
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