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Teijin Corporation announced that it will raise prices for its Panlite polycarbonate (PC) resin and Multilon PC/Acrylonitrile Butadiene Styrene (ABS) phosphorus flame retardant grades starting November 1
.
.
The specific price increases are as follows:
The specific price increases are as follows:Product
new price
new price
Panlite phosphorus flame retardant grades
are increased by 10 yen or more per kilogram (Japanese market);
$100 or more per ton (global market)
.
Multilon phosphorus flame retardant grades will be
increased by 30 yen or more per kilogram (Japanese market);
Up $300 or more per ton (global markets)
.
Teijin said that phosphorus-based flame retardant raw materials are used as auxiliary materials for flame retardant products.
Due to the shortage of domestic electricity in China, the national power curtailment measures have a greater impact, resulting in a substantial reduction in the output of raw materials
.
In this case, the supply of such flame retardants is extremely tight and the price is soaring
.
In addition, due to tight supply and demand, the price of bisphenol A, the main raw material for the production of polycarbonate resin, has risen
.
These factors have affected profitability, and Teijin has therefore raised the prices of its products to ensure a stable supply
.