Are low oil prices going to reduce epoxy prices?

Discussion in 'Fiberglass and Composite Boat Building' started by nimblemotors, Jan 15, 2015.

  1. nimblemotors
    Joined: Jun 2009
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    Location: Sacramento

    nimblemotors Senior Member

    The price of epoxy has not come down at all, will it anytime soon?
     
  2. ondarvr
    Joined: Dec 2005
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    Location: Monroe WA

    ondarvr Senior Member

    I can't comment on epoxy, but polyester production costs haven't dropped as much with the lower oil prices as they would have in the past.

    At one time the cost of resin was closely tied to oil, but what has happened over the last 10-15 years is oil has become a smaller percent of the overall cost of the resin, and other raw materials and energy costs have become greater. So now with lower oil prices customers are screaming for lower pricing, and for the most part it is going down, but not at the rate it once did.
     
  3. Canracer
    Joined: Aug 2009
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    Location: Florida

    Canracer Senior Member

    I hope so. As the price of oil drops, so does the cost of transportation, heat, and raw materials.
     
  4. gdavis
    Joined: Dec 2014
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    gdavis Junior Member

    Their all making piles o money so I doubt their prices will drop. Sure would be nice if they did though the cost of epoxy sure is a high hurdle for many builders......g
     
  5. Mr Efficiency
    Joined: Oct 2010
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    Mr Efficiency Senior Member

    Seems like a forlorn hope that the price of petrochemicals will fall in proportion to oil prices. It would be a small portion of the production costs in some cases.
     
  6. Canracer
    Joined: Aug 2009
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    Canracer Senior Member

    Without competition, the prices would not fall, but there a many companies that supply epoxy. That's how prices drop.

    Next time you buy epoxy, shop for a lower price. I've always bought West System, but I won't do it again.
     

  7. Stumble
    Joined: Oct 2008
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    Location: New Orleans

    Stumble Senior Member

    To some extent it has to do with how long prices remain depressed. Commercial operations buy stock months out, at fixed prices. It takes time for new crude oil prices to work their way thru the system. Particularly when a lot of people are thinking these low prices are a blip, and will go up again pretty soon.
     
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