DRT and Pinova, a subsidiary of DRT, will implement an 8% price increase effective November 1, 2017, on all alpha-pinene and beta-pinene based polyterpene resins.
Alpha pinene and beta pinene monomers are experiencing strong sustained derivative demand combined with limited to low feedstock availability, predominantly due to the restricted supply of gum turpentine from Asia. The market pricing for both alpha and beta pinene monomers began to increase in early 2017. This price escalation is forecasted to continue in 2018.
DRT and Pinova will increase the pricing of selected polyterpene resins to recover rising raw material costs in order to ensure the continuity of future supply.