The company, blaming current market conditions, noted that the increases will be effective from 1 December or as contracts allow.
Nylon 6/66 (PA6/66) products will increase by €480/mt, PBT will increase €500/mt, and POM 330/mt. DuPont announced price increases much higher for flame retardant products.
In the past few weeks, most polymer producers have been reactive to the ongoing surges in costs.
In addition to supply disruptions and rising raw materials, gas prices have pushed up costs of production.
The increases in gas prices have increased utility costs and polymer producers are trying to pass these on to their customers.
Moreover, in the case of nylon, particularly nylon 6, ammonia shortages and high prices created an additional cost increase of the raw material caprolactam.