EVERBERG, Belgium (March 24)—Huntsman Polyurethanes will increase prices globally on some thermoplastic polyurethanes beginning April 15.
The Huntsman L.L.C. business will hike the price of its Irogran, Irostic, Irocoat, Irodur and Krystalgran TPUs by various amounts by up to 10 percent, depending on the products.
The increases were spurred by the need to reinvest in the tight specialty TPU market, the company said, because without it demand will exceed available high-performance TPU capacity.
In addition, the doubling of crude oil prices in the last two years, along with a tightening market for major TPU raw materials, has increased Huntsman's variable cost, the firm said.