28 April 2008 20:43 [Source: ICIS news]
HOUSTON (ICIS news)--US polyol producer Oxid will seek 5 cent/lb ($110/tonne) price hikes on all aromatic polyester polyols, effective on 1 June, the producer said on Monday.
“Producers are getting it from all sides,” said Jim Carazola, a representative with Oxid.
The high cost of aromatic feedstock and the energy-intensive nature of polyol production means margins have been squeezed by record-high energy prices, Carazola said.
Other producers were heard to be still considering price hikes on polyester and polyether polyols, sources said.
Polyester polyol is used in the manufacture of rigid polyurethane (PU) foams.
The average price of
($1 = €0.64)
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