AOC will increase prices in the USA by US$0.05/lb and in Canada by CN$0.13/kg. Both price increases are effective for shipments on and after 1 June.
AOC notes that in the past months, OPEC production cuts have tightened global crude oil supplies and as a result, crude oil prices have increased by 40% and are now above $50 per barrel.
AOC, headquartered in Collierville, Tennessee, USA, supplies resins, gel-coats, colorants, additives and synergistic material systems for the composites and cast polymer industries.