Please feel free to call me out on this if you think I've missed some massive economic boom during these past 6 months. So with this said, how and why are acrylic resin prices sky rocketing out of control during the deepest national economic recession since 1982? MegaCorporate greed perhaps? I've been in the water-based coatings business for 27 years and when I see price gouging on the order 4X+ on raw material prices within a 90 day period I can only think of one cause- corporate shareholder satisfaction.
Read the two attached links and learn why custom paint/coatings manufacturers are freaking out about the abusive pricing tactics being pressed onto their already squashed balance sheets...
http://www.icis.com/Articles/2010/04/05/9347992/us-acrylates-market-beset-by-supply-issues.html
http://www.scribd.com/doc/11602453/Dows-Answer-to-Rohm-Haass-Lawsuit
1 comments:
Yeah, you´re right. Since banking organisations have had the eyes of critical awakening thinking on them they have to make the huge profits somewhere else. I mean, 20% is a great deal but 400%... ridicolous!
Keep on exposuring, Jeff!
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