Bayer targets mid-quarter Europe PC increase

31 October 2007 14:06  [Source: ICIS news]

LONDON (ICIS news)--European polycarbonate (PC) manufacturer Bayer has announced a price increase target of €0.15/kg ($0.22/kg) for 1 November after high raw material costs have reduced profits, market sources said on Wednesday.

The Bayer move, originally announced last week, would not affect customers until the end of their contracted period, said the spokesperson.

Another producer said that while the high crude price had not yet filtered through to the PC market, margins were already thinned from increasing upstream costs.

It was planning to announce an increase for the next quarter but had not decided on its target.

Consumers in the PC market did not expect prices to rise due to healthy availability.

Fourth-quarter prices were between €2.96-3.21/kg FD (free delivered) NWE (northwest Europe) and €2.91-3.16/kg FD NWE for GP (general purpose) moulding and GP extrusion respectively, according to global chemical market intelligence service ICIS pricing.

($1 = €0.69)

By: Sofia Lind
+44 20 8652 3214

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