11 January 2005 13:37 [Source: ICIS news]
LONDON (CNI)--Atoglas, a subsidiary of French chemicals company Arkema, will be seeking a Euro200/tonne price increase for its Altuglas poly-methyl methacrylate (PMMA) resins, it was announced Tuesday.
The proposed rise will take effect on shipments on or after 1 January, said Atoglas.
It would represent a rise of about 9% from December prices in ?xml:namespace>
Atoglas said the increase is sought due to the continuing escalation in raw material costs.
January contracts for the feedstock methyl methacrylate (MMA) are under negotiation, and price increases of between Euro100-150/tonne have been sought.
Further upstream, Q1 propylene contracts settled at the end of December at an increase of Euro65/tonne.
Atoglas said the outlook in the coming months “does not indicate there will be any improvement as monomer prices keep increasing and demand for MMA and PMMA will remain strong”.
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