30 January 2012 17:58 [Source: ICIS news]
HOUSTON (ICIS)--Germany-based Bayer Material Science, a subsidiary of Bayer Group, is seeking a 17 cent/lb ($375 tonne, €285/tonne) increase for its polycarbonate (PC) materials, market sources said on Monday.
Calls seeking confirmation from company sources were not returned.
A market source provided ICIS with a copy of the price proposal letter that was distributed to buyers, which calls for the price increases to become effective for all shipments on or after 1 March to all locations in North America.
The reason cited for the increase was the necessity to offset the escalation of key raw materials costs that the company has been experiencing.
The January contract price for benzene has risen 70 cents/lb from the December price.
Other PC producers in the Americas include Policarbonatos do Brasil, SABIC Innovative Plastics and Styron.
SABIC proposed a price increase of 11 cents/lb for its PC materials on 18 January, to be effective for shipments made on or after 13 February.
On 9 January, Styron proposed an increase of 12 cents/lb to be effective on 1 February.
The PC producers in the Americas have a combined annual capacity of 893,000 tonnes/year.
For more on polycarbonate, visit ICIS chemical intelligence.
($1 = €0.76)
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