Kraton increases prices for polymer products

Houston, Texas – Kraton Corp. is increasing global prices for all polymer products due to increasing costs, the company announced 15 March.

The increase will range from $440/t to $700/t, or as contracts allow, depending upon polymer type and production location, said Kraton without providing the effect date.

These price increases, it noted, reflect “sharp and sustained” increases in costs of raw materials, energy, and freight that Kraton cannot unilaterally absorb.

The company linked the higher costs to “market instability emanating from the current geopolitical situation.”