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.
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|
Asian Chemical Connections