US Dow seeks to increase glycol ether prices

11 December 2013 21:42  [Source: ICIS news]

HOUSTON (ICIS)--Dow Chemical Canada is seeking price rises for glycol ethers a market which a feedstock producer for the product said was experiencing strong downstream demand for solvents that are used in automotive paints and coatings. 

Dow is seeking price increases of 6 cents/lb ($132/tonne, €96/tonne) for ethylene glycol monobutyl ether (EB) and diethylene glycol monobutyl ether (DB). Prices were proposed higher by 8 cents/lb ($176/tonne, €128/tonne) for propylene glycol methyl ether (PM), propylene glycol methyl ether acetate (PMA). The price increases will be effective on 1 January.

In a price announcement, Dow stated that the price increase comes with a strict 100% order control, based on average orders for the last six months or as contracts allow.

ICIS-assessed contract prices for glycol ethers are 86-90 cents/lb for EB, 100-102 cents/lb for DB, 112-114 cents/lb for PM and 112-114 cents/lb for PMA.

($1 =  €0.73)


By: Matthew Donovan
+1 713 525 2653



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