Resin prices - Up!

Buy some extra resin soon. Prices will be going up like gas prices! Anthony

All the prices went up on Feb 10th $.04 and are going up again in March $.04 to $.05 per lb. Could be more in the future. Resin companies are blaming styrene, benzene increases which have been severe and turmoil in countries like Venezuela and the middle east. Good time to switch to Epoxy.

I have been told 10 to 15 cent increase per pound in the next month.

JO JO is right about the amounts, this is on drum quantities. This can translate to more in Five gallon quantities. Don’t be surprised to see up to $.25 in the next 6 months. Sluggo

Epoxy prices in the past 15 years have been much more stable than polyester prices. In fact we know of no increases in the near future. We have only raised prices twice in the last 7 years. The reason for this are twofold. First epoxy chemical components can be made anywhere in the world. There is no shelf life and therefore we have a global market. This creates competition on a global scale which keeps prices in line. Polyester has a shelf life. It must be produced more locally. Second, the plants that make these epoxy components are at only 66% of production capability. The polyester industry is near 100%. The natural law of supply and demand. If you can make more, you want to sell more. To sell more you compete primarilly with price. So, the future looks stable for the epoxy industry until such time that epoxy’s take more of the composites industry. This is happening but at a reasonably slow rate.

Except as polyester prices get closer to epoxy prices manufacturers will begin to raise epoxy prices in a bid to make more money. Plus you are totally ignoring the pricing structure that most DIY consumers deal in, especially in the epoxy market which is full of “designer” brands, which have a high margins that allow brands to smooth out sudden changes in the raw materials markets because they can absorb the changes long enough to only make period price changes. Epoxy pricing in bulk quantities can be competitive to quality polyesters.