Sun Chemical announced worldwide plans to raise pigment prices on what it refers to as scarce colours in the marketplace. The company explains the price increase is due to supply shortages and continued cost increases of the raw materials used to manufacture Phthalocyanine Blue and Green pigments.
Effective immediately, Sun Chemical Performance Pigments is raising global prices for Phthalocyanine Blue dry pigments up to $0.65 per pound, Phthalocyanine Green dry pigments by $0.85 per pound, and all other physical forms including preparations depending on pigment content.
”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, VP Marketing, Sun Chemical Performance Pigments.
The price increase applies to all markets that purchase pigments including the ink, coating, and plastic industries.
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