June 2021
PVA M289
Since the beginning of the year, the manufacturers of our PVA have been confronted with several price increases on many key raw materials. For the past fifteen months the corona virus has disrupted the global supply chain, reducing the capacity of manufacturers and increasing the costs for shipping. While global demand was low these problems went largely unnoticed - but as consumption has increased it has become clear that there are major shortages of many chemicals.
February's Winter Storm, which produced the lowest temperatures in Texas for a century, has closed large parts of the US chemical industry causing a global shortage of Vinyl Acetate Monomer (VAM) a crucial ingredient in many adhesives. It is our manufacturers' first priority to supply as with the quality and quantity we require and, to secure sufficient raw materials, they are being forced to pay much higher prices.
We are therefore obliged to increase our sales prices for the PVA M289 with immediate effect. The prices can be viewed here.
The situation is expected to last until the end of the year. As global chemical capacity gradually recovers it is forecast that the situation (and prices) will soften.
We are sorry to be the bearers of bad news.
November
2021