10 December 2013 23:12 [Source: ICIS news]
HOUSTON (ICIS)--Eastman Chemical has announced off-list price increases of 3 cents/lb ($66/tonne, €48/tonne) for a number of oxo-alcohols in North America and Latin America, effective on 1 January or as contracts allow, according to information made available on Tuesday.
Eastman cited elevated operating costs, particularly in raw materials, as a reason for the increases.
The 3 cent/lb price increase is for n-butyl alcohol, isobutanol, 2-ethylhexanol (2-EH), 2-ethylhexanoic acid, and all grades of n-butyraldehyde, isobutyraldehyde and 2-ethylhexaldehyde.
ICIS-assessed oxo-alcohol prices are at a range of 88-95 cents/lb for n-butanol, 125-130 cents/lb for isobutanol and 100-102 cents/lb for 2-EH.
Eastman Chemical is headquartered in Kingsport, Tennessee.
($1 = €0.73)
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