Tokyo – Japanese materials supplier Kuraray is raising the prices of some of its elastomers globally, effective immediately.
In a 4 June release, the company said all styrenic copolymers Septon, Hybrar and polyurethane-based TU-Polymer elastomers will see a price rise of $0.25 per kilogramme.
This is the second time Kuraray is raising the prices for the materials this year, following a similar $0.25/kg hike in March.
Kuraray said increasing feedstock prices from late autumn 2017 had led to higher costs for the production of the speciality high performance materials.
“It is necessary to recover a portion of these increases to ensure ongoing supply and new product innovation,” the company explained.
Kuraray raised prices of the same materials three times in early 2017.