K 2004: Domo Caproleuna seeks Euro100/tonne caprolactam price hike from 1 Nov

22 October 2004 15:36  [Source: ICIS news]

DUSSELDORF, Germany (CNI)--Domo Caproleuna will be seeking a Euro100 a tonne increase on its caprolactam prices from 1 November, a spokesman for the German chemicals company told CNI at the K 2004 plastics exhibition* here on Friday.  

This represents a 6% hike on current price levels of Euro1575-1750/tonne FD NWE (free delivered Northwest Europe), according to global price reporting and market intelligence service ICIS-LOR**.

 

The spokesman said the price increase is necessary due to steep rises in raw material costs over the past few months, and the necessity to increase margins on caprolactam.

 

Consumers have in the past months accepted announced increases in part and are expected to accept a portion of Domo's latest proposed price hike.

*The K 2004 plastics and rubber trade fair continues through 27 October.

**ICIS-LOR is part of the same publishing group as CNI.

By: Hilde Ovrebekk
+44 20 8652 3214

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