Sun Chemical Performance Pigments to increase prices on phthalocyanine blue and green pigments

Citation

(2011), "Sun Chemical Performance Pigments to increase prices on phthalocyanine blue and green pigments", Pigment & Resin Technology, Vol. 40 No. 3. https://doi.org/10.1108/prt.2011.12940cab.001

Sun Chemical Performance Pigments to increase prices on phthalocyanine blue and green pigments

Article Type: Industry news From: Pigment & Resin Technology, Volume 40, Issue 3

Owing to supply shortages and continued cost increases of the raw materials used to manufacture phthalocyanine blue and green pigments, Sun Chemical Performance Pigments will raise global prices for phthalocyanine blue dry pigments up to $0.65 lb⁻¹, phthalocyanine green dry pigments by $0.85 lb⁻¹, and all other physical forms including preparations depending on pigment content, effective immediately.

“We continue to see a challenging marketplace where supply shortages and increasing demand across the chemical industry are leading to significant increases in raw material prices,” said Mehran Yazdani, Vice President Marketing, Sun Chemical Performance Pigments. “At Sun Chemical Performance Pigments, we continue to work on controlling our own costs closely with our supply chain partners and improve our internal operations. While these efforts have helped to offset some of the rising raw material costs, current market conditions have forced us to pass some of these costs on to our customers.”

The price increase applies to all markets that purchase pigments, including the ink, coating and plastic industries.