Japan’s Asahi Kasei raises Sept adipic acid offers by $100/tonne
23 August 2012 11:19 [Source: ICIS news]
SINGAPORE (ICIS)--Japanese producer Asahi Kasei will increase its adipic acid (?xml:namespace>ADA) September offers by $100/tonne (€80/tonne) from August levels on the back of increasing production costs, a company source said on Thursday.
The firm’s September offers will rise to $1,900-1,950/tonne CFR (cost and freight) NE Asia, according to the source.
Asahi Kasei has received more inquiries from “high-end users” ahead of the upcoming polyurethane (PU) peak manufacturing season in September-October and is expected to pass on the high production costs it faces to the downstream market, the source added.
ADA is primarily used in the production of nylon 6,6 (or polyamide 6,6), as well as in the manufacturing of polyurethane, which is used in the soles of shoes and in polyester resins.
($=€0.80)By: Judith Wang+65 6780 4359
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