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 ?xml:namespace>
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.
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|