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)
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