07 March 2003 15:02 [Source: ICIS news]LONDON (CNI)--US-based Resolution Performance Products is seeking to raise its bisphenol A (BPA) and epichlorohydrin (ECH) prices by about 5-10% from 1 April or as contracts allow, global business manager for precursors Jorrit Klaus told CNI on Friday.
For BPA, the increase sought from 1 Apr will be $100/tonne in Asia Pacific, Euro50/tonne in Europe, Middle East and Africa, and 8 cent a pound in the Americas.
The rise for ECH will be Euro50/tonne in Europe and10 cent/lb in the Americas.
Resolution said the latest price increase follows one on 1 March and was necessary as feedstock and energy markets have changed ‘significantly’ over the past two weeks.
Independent market observers, however, believe it is unlikely that the proposed European price increases for both products will be fully accepted by customers.
Resolution Performance Products, which is owned by US-based investment firm Apollo Management, produces epoxy resins at plants in Germany, The Netherlands, Spain, the UK, Japan and the US.
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