US Cytec amino resin and phenolic resin price increase

Cytec Corporation of the United States announced that it will increase the price of CYMEL®, MELMAC®, BECKAMINE® and UFORMITE® amino resins in the Americas from US$0.10/lb., and the price of PHENODUR® phenolic resin products will increase by US$0.12/lb. The company explained that the reason was that energy prices and raw material prices continued to rise, and in order to ensure that customers can continue to obtain product supply guarantees, they had to raise prices.