What does it mean that American giants are raising the price of epoxy resin?

Recently, Huntsman announced that it will raise the price of solid liquid epoxy resin in the Americas from March 1 this year, with a rise of US $0.1 per pound, equivalent to 1548 CNY/ton. The original text is as follows: from March 1, 2020, or if the contract allows, Huntsman will increase the price of the following products by US $0.10 per pound: Araldite ® liquid epoxy Araldite ® solid epoxy ® epoxy solution the price increase is based on all the price increases previously announced and will be implemented immediately. If you have any questions about this notice, please contact your local Huntsman advanced materials USA sales assistant coatings online at coatingol.com. Coincidentally, not long ago, Hansen also announced that it would raise all non-public offers for epoxy resins in North and South America from March 1. Price increases again? Hansen once again raised the price of epoxy resin (click the link to see the details). Among them, bisphenol a rose by 0.07 USD per pound, equivalent to RMB up by 1100 CNY/ton, solid and liquid resin rose by 0.1 USD per pound, equivalent to RMB up by 1500 CNY/ton.