Rickmansworth, UK -- Stepan Europe has announced a second increase in a month in prices for its Stepanpol aromatic polyester polyols [APP] for European customers, of Euro 200 per tonne.
"It is regretful that we have to make this further increase so soon after our announcement a month ago of quarter 3 price increases of between Euro 100 - Euro 150 per tonne," said Roger Stubbs, vice president for European Polymers, in the company's 10 June announcement.
"Our key raw material costs have shot up further since we made that announcement and large increases for other components, particularly flame retardants, have also recently been announced," Stubbs continued.
PIC: Samples of rigid faced PIR insulation panels, a typical application for Stepanpol APPs"
