21 March 2012 06:47 [Source: ICIS news]
MELBOURNE (ICIS)--Japanese ethyl acetate (etac) producers have announced domestic price increases by yen (Y)14-25/kg ($167-298/tonne) from 1 April because of the higher naphtha costs in Japan in the first quarter of 2012.
Daicel Chemical Industries will raise its price by Y25/kg, a company source said on Wednesday. The company operates a 75,000 tonne/year etac plant at Otake in ?xml:namespace>
Showa Denko and Kyowa Hakko, which jointly operate a 100,000 tonne/year etac plant in
Kyowa Hakko will increase its etac price by Y24/kg, a company official said on Wednesday.
Showa Denko will increase its etac price by Y14/kg, said a company source.
All of the announced price increases will apply for the April-June quarter, according to the respective company officials.
Japan's etac buyers could not be immeidately reached for comment on the proposed price increases.
In addition to the
($1 = Y83.72)
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