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.
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