06 May 2005 16:00 [Source: ICIS news]
HOUSTON (CNI)--Huntsman Performance Products will seek to increase list and off-list prices for its ethyleneamines in North America, effective 1 June or as contracts allow. In a story first published by CNI on 5 May, it was stated mistakenly that Huntsman would seek to raise prices worldwide.
We apologise for any inconvenience this error may have caused. A corrected version of the story follows in full:
HOUSTON (CNI)--Huntsman Performance Products said Thursday it will seek to increase list and off-list prices in North America for its ethyleneamines, effective 1 June or as contracts allow.
The company said the price hike for E100 and TEPA ethyleneamines will be 8 cents/pound ($176.32/tonne). TETA ethyleneamines will increase by 15 cents/pound. EDA and AEEA ethyleneamines prices will increase by 5 cents/pound, while AEP and DETA ethyleneamines prices will rise by 3 cents/pound.
A company spokesperson said the higher prices represented an average increase of 5% from current list and off-list prices.
Huntsman said the price hikes “reflect continued upward pressure on energy and feedstock costs and a continuing high demand for ethyleneamine products.”?xml:namespace>
It was not clear if customers would accept the proposed increases.
Huntsman Performance Products is a division of Huntsman Corporation, The Woodlands, Texas-based global manufacturer and marketer of commodity and differentiated chemicals.
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