AOC has announced a price increase of US$0.06/lb in the U.S. and CN$0.13/kilo in Canada for all resin and gelcoat products shipped on or after October 1, 2013.
This action is prompted by sharp increases in raw material costs. AOC has experienced steady increases since late July. Recently, feedstocks such as benzene, butane, and mixed xylenes, among others, are increasing as part of their Fall seasonality. Energy prices have also risen substantially in the last two weeks, with oil regaining the highs of earlier this year.
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