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Resin bound raw material supply update

Discussion in 'Business Centre' started by Mark Almond, Sep 24, 2021.

  1. Mark Almond

    Mark Almond Well-Known Member TalkResin+ Supplier Registered

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    Friday 24th September 2021

    Resin bound raw material supply update


    Firstly, everyone at Star Uretech send our sympathies to all those effected by the fire at Leeson’s Polyurethanes. In particular to the family and friends of David Boswell. We send our deepest condolences.

    Supply: The global shortages of raw materials used in adhesives, sealants and coatings have started to ease as expected and supply in the UK is starting to return to normal levels. We remain confident that we will continue to meet all of our existing customers’ demands. Recent domestic events have clearly had dramatic consequences on an already struggling UK bound resin industry. We continue to be inundated with requests for materials from across the industry however we are not currently accepting more new customers. As, promised, we will be contacting some of the companies that made enquiries in June/July as more stock becomes available.

    We could be mistaken however we believe that one of our indirect competitors can accept new business. Whilst we are not usually in the habit of promoting our competitors, we understand that many people’s livelihoods depend on an increasing urgent supply of resin.

    SureSet Resin Systems - Permeable Resin Bound Paving


    Price: Material prices seem to be levelled out with an average cost increase of between 5% and 10%. Whilst we do not expect the prices to return to 2020 levels we also do not predict any further large increases. As a commodity market the prices are hard to predict and information from RM suppliers is non-committal however, we would advise anyone quoting for future installations to assume a 10% to 20% increase to current material costs.


    Systems: Star Uretech will not manufacture or supply non-UV stable or single component systems. This is a commercial decision we made several years ago as we do not believe that these systems are fit for purpose. It is our opinion that degradation of colour, deflection properties and an inadequate level of moisture tolerance are unacceptable failings in what is a high-end surfacing system.


    Resin bonded – Supply of our StarScape range of resin bonded systems are not affected by the raw material shortages limiting the supply of resin bound systems. This is a different technology to both resin bound systems and other (inferior) bonded systems available in the UK.
     
    Vin, GregT, Jimmy and 3 others like this.
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  3. TalkResin

    TalkResin Administrator

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    Thanks for the update @Mark Almond
     
  4. Jimmy

    Jimmy Member Registered Contractor

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    10-20%?? Hope this is true Mark!! Seen some guys selling at 100-200% up
     
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  5. Mark Almond

    Mark Almond Well-Known Member TalkResin+ Supplier Registered

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    100-200%?? I can’t comment on sale price but can give information on the changes to cost price.
     
    Jimmy likes this.
  6. Jimmy

    Jimmy Member Registered Contractor

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    Appreciate it Mark! I haven't seen a massive increase yet just aware some people taking the mick with current situation :(
     

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