DRT announces a price increase of polyterpene resins

By 13 October 2017August 10th, 2019No Comments

DRT and Pinova, a subsidiary of DRT, will apply a price increase of 8% on November 1st 2017 of all polyterpene resins from alpha pinene and beta pinene monomers.

The market demand for these monomers is very high, which is compounded by the very limited availability of Asian turpentine petrol, accounting for a large proportion of global volumes. Market prices for alpha and beta pinene began to rise in early 2017. This price surge is expected to continue in 2018.

DRT and Pinova will increase the prices of its polyterpene resins to compensate for the increase in raw material costs in order to guarantee the continuity of future supplies.