11 July 2007 04:42 [Source: ICIS news]
SINGAPORE (ICIS news)--Degussa Initiators, a unit of the German chemical major, said late on Monday it will raise prices on all peroxodisulfates produced in China after the local government cut subsidies on exports.
Prices on all peroxodisulfates will increase by 13% and that of organic peroxides will rise by 8%, it said in a statement.
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The price hike will offset a cut on value-added tax (VAT) refund for peroxodisulfates exports from 13% to 0% and from 13% to 5% for organic peroxides, it added.
Persulfates are used as initiators in radical polymerisation and health care, textile care, metal working and electronic applications. Organic peroxides are used in polymer manufacturing and polymer processing applications.
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