Supply Situation of RM for UA Series

This is w.r.t the impact on Main Raw Material effecting POLYTONE UA Series (Aldehyde Resin). The prices of raw material in the local Indian markets have seen an increased by almost 20% in the last week.  Import have been impacted due to the hike in freight and non-availability of vessels.
 
The current imports are delayed by couple of weeks and further orders are being executed with very long lead time.  Also considering the fact that the supply has limited source– which means that the Demand-Supply gap shall play a major role rather than standard international pricing.

We request you to please share the forecast of your demands to allow us to take positions and provide a smooth price change rather than be impacted by the abrupt price hikes. We appreciate your understanding and co-operation as usual.

Thanks and Best Regards,
Polyols & Polymers Pvt Ltd.