Evonik Industries announces €95/tonne MMA hike from 1 October

19 September 2013 12:35  [Source: ICIS news]

LONDON (ICIS)--Specialty chemicals producer Evonik Industries is targeting a €95/tonne ($128/tonne) price increase for methyl methacrylate (MMA) because of increased costs, a source from the company said on Thursday.

The source said the price adjustment would apply to MMA and all other methacrylates.

In a press release, the company said: “Due to risen costs, particularly for raw materials, Evonik Industries sees the need to adjust the prices of methacrylate monomers.

The sales prices in Europe for products from the Acrylic Monomers Business Line will increase by €95/metric ton as of October 1, unless otherwise contractually specified.”

The European September feedstock acetone contract price rose by €48/tonne, on the back of a €60/tonne hike in the September propylene contract.

($1 = €0.74)

By: Helena Strathearn
+44 208 652 3214

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