Eastman drops solvent price increase on industry reaction

02 April 2002 23:14  [Source: ICIS news]

HOUSTON (CNI)--Eastman Chemical dropped plans Tuesday to increase prices for its diephylene glycol monoethyl ether (DE) solvent citing a "lack of industry support" for the planned price hike.

No one was immediately available at Eastman's headquarters in Kingsport, Tennessee to elaborate on the reason for the withdrawal of the increase which had been scheduled to begin 1 April.

Eastman had planned to increase the price by $88.16/tonne in the US, Canada, Puerto Rico, Mexico and the Caribbean.

The company described its DE solvent as a polar, slow evaporating, water-miscible solvent with a mild odour used for cellulose acetate butyrate, nitro-cellulose, epoxy resins and other coating materials.

By: Gary Taylor
+1 713 525 2653

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