15 December 1999 10:49 [Source: ICIS news]
LONDON (CNI)--German specialty chemicals company Degussa-Huls is to raise its rubber blacks prices in Europe by Euro25 a tonne from 17 January.
Degussa-Huls, which claims to be the world's second-largest carbon black manufacturer, said Wednesday that the rise is needed to reflect huge increases in crude oil prices and carbon black feedstock costs.
Stephan Immer, a sales manager for Degussa-Huls carbon black products, told CNI the proposed rubber blacks price rise varied between 3% and 5% depending upon grade. "For hard blacks it's about 5%, for soft blacks 4% and for special blacks around 3%."
The planned rise comes on top of an average 8% increase in October, said Immer. He warned that further increases might be necessary if feedstock costs escalated any further.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|