Akron, Ohio – South Korean EPDM maker Kumho Polychem Co. recently announced a price increase of 7 cents per pound effective 1 Sept in the US market.
High ethylene prices were the reason, according to Mike Sibley, managing partner-EPDM, for Intertex World Resources Inc., exclusive North American distributor of Kumho Polychem EPDM.
Ethylene represents 65-70% of the cost of EPDM, Sibley said. “When it goes up as it has in the last year or so, it’s a huge hit,” he said.
Ethylene prices in Asia topped out at…