Arlanxeo announced on March 1 a same-day price increase for its Baypren chloroprene rubber (CR) across South America, Europe, the Middle East, Africa and Asia. With the markup, the price now becomes 700 euros per ton. The company said that the decision for the price hike came on account of production costs and overall market trends over the last several...
Yokohama Rubber Co. Ltd. (TYO:5101) will raise its wholesale prices for tires in the domestic market from April 1. Products to see price hikes are tires, tubes and flaps sold in Japan. Summer passenger tires and summer and winter van tires will see a price hike of 6 percent. Meanwhile a 7-percent price hike will be imposed on summer and...
Showa Denko KK (TYO:4004) is raising the price of its full line of chloroprene rubber (CR). Marketed as Showa Denko Chloroprene, the various grades of CR are being increased to at least 42 yen ($0.37) per kilogram, coming into effect for delivery from March 1. The company’s CR business is tied up in an environment that has gone into a...
JSR Corp. (TYO:4185) has raised its prices on synthetic rubber and emulsion products, starting with deliveries from Feb. 1. The company says that the hikes are in response to increased prices of raw materials in domestic naphtha. These come on the back of a weakening yen and the high price of crude oil, along with skyrocketing butadiene prices since last...
The price of butadiene is increasing dramatically. After trending for some time at an Asian spot price near $1,000 per ton, the synthetic rubber raw material started on a rapidly ascending curve in autumn last year. It has resulted in a tripling in value, jumping to approximately $3,000 per ton. The sharp gain in butadiene will have a strong impact...
Tokai Carbon Co. Ltd. (TYO:5301) has increased the price of its carbon black products by 3 yen per kilogram. The change was implemented for deliveries beginning Nov. 1, applying to all varieties of carbon black. A release from the company stated that the price of raw oil used in carbon black has been rising incrementally since bottoming out at the...
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