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FA is an organic compound used to formulate resins that foundries use as binder chemicals to form sand molds

ASK Chemicals Raises Prices for Cold-Box, No-Bake Binders

June 2, 2017
Raw material supply shortages lead to increased selling prices for organic binder systems Environmental regs, technical issues Furfuryl alcohol (FA) Methylene diphenyl diisocyanate (MDI)

ASK Chemicals LLC cited a “substantial shortage of several key raw materials” for its recent increase in prices for its cold-box and no-bake binder systems. The announcement was made May 29 and the price increases took effect June 1.

The company called the price increases “inevitable to allow ASK Chemicals and its affiliates to continue offering high-performance products and services.”

ASK Chemicals is one of the world’s largest suppliers of foundry chemicals, specifically sand binders, mold coatings, feeders, filters and release agents. It also supplies metallurgical products including inoculants, Mg-treatment and inoculation wires, and master alloys for iron casting.

The particular shortage prompting the price increases concerns furfuryl alcohol (FA), an organic compound that is used as a base for forming resins used by foundries as sand binders, for forming molds. According to ASK, stricter environmental regulations imposed on Chinese FA manufacturers have limited the global availability of the chemical.

Price increases also will affect ASK’s supply of methylene diphenyl diisocyanate (MDI), a basic incredient in mold curing agents. ASK indicated its “key suppliers for MDI” blame that shortage on technical issues in the production of the chemical.

In its announcement ASK did not indicate the specific range or duration for the increase in its prices. It stated it is undertaking “ongoing and strong efforts to optimize costs in order to offset these rapidly escalating raw material prices.”

About the Author

Robert Brooks | Content Director

Robert Brooks has been a business-to-business reporter, writer, editor, and columnist for more than 20 years, specializing in the primary metal and basic manufacturing industries. His work has covered a wide range of topics, including process technology, resource development, material selection, product design, workforce development, and industrial market strategies, among others. Currently, he specializes in subjects related to metal component and product design, development, and manufacturing — including castings, forgings, machined parts, and fabrications.

Brooks is a graduate of Kenyon College (B.A. English, Political Science) and Emory University (M.A. English.)