Hey everyone!
We’ve been facing some serious raw material pricing challenges since November 2023! Despite all the talking points leading us to believe prices would start dropping, we just are NOT seeing the decrease! Despite these pressures we made an early, deliberate decision to hold our pricing under the assumption “now is probably not the best time” for our customers.
Why (you might ask) would we not raise?
- Inflation has already got erryone trippin
- In your mind, from what you were hearing, prices are dropping, right? It is what all the pundits were saying, right?
So why are our raw material cost going up when we hear so much about prices dropping?
I like to call it “here comes the “same-ole-same-ole” (S.O.S.) story I hear every year!”
Summer Crude: Yep, you guessed it. Crude prices are going up because of summer travel! It’s hard to believe these companies won’t cut us some slack, right?
Weather Premiums: It’s tropical storm and hurricane season, better brace yourselves, here comes the S.O.S. statements from the big boyz:
- “Chemical plant shutdowns” and “planned maintenance” are on the horizon”; supply issues follow. Look, I understand maintenance is essential to keeping plants in top shape, but do we really need price hikes because of it?
If that wasn’t enough, the Paints & Coatings markets are still “lukewarm” at best (and you know what they say about lukewarm)!
Question to my “customers”?
- Can you go out to the market and get these “weather” premiums”? Maintenance premiums?
All this to say, “now ya know The Whutz Up”!
Hope you guys have a great summer!
Cheers,
Mr. Coring
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