05 February 2013 22:18 [Source: ICIS news]
HOUSTON (ICIS)--SABIC Innovative Plastics has announced its intent to increase prices for its polycarbonate (PC) by 14 cents/lb ($309/tonne, €229/tonne), a company source confirmed on Tuesday.
The increase is being sought to cover continued increasing costs for feedstocks, specifically benzene, which is a building block for PC.
Buyers continue to say they will push back on the increase proposal.
General purpose (GP) moulding grade PC has a spot price range of $1.53-1.85/lb.
Bayer MaterialScience announced a proposed increase of 15 cents/lb from 1 February.
US PC producers include Bayer MaterialScience, SABIC and Styron.
($1 = €0.74)
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