TOKYO—Exactly a month after announcing price increases for its elastomer products, Japanese supplier Kuraray Co. Ltd. has signaled further hikes for these materials.
The elastomers business unit said Jan. 26 it will raise the prices of all styrenic copolymers Septon and Hybrar as well as polyurethane-based TU-Polymer elastomers by 45 cent per kilogram. The move will cover all regions and will take effect March 1.
The same materials are already expected to see a 25 cent per kilogram price rise beginning Feb. 1.
According to the Japanese supplier, rising feedstock prices during the course of 2016 increased the costs to produce the specialty high performance materials.
"It is necessary to recover a portion of these increases to ensure ongoing supply and new product innovation," Kuraray added.