07 January 2014 03:23 [Source: ICIS news]
SINGAPORE (ICIS)--South Korean producer SKC Corp will raise its monopropylene glycol (MPG) prices across the markets by $100/tonne (€73/tonne) to $1,750-1,800/tonne in February, citing high cost of feedstock propylene oxide (PO), a company source said late on Monday.
PO was assessed at $1,900-1,950/tonne CFR (cost and freight) China on 3 January, up by $80-150/tonne from the previous month, according to Chemease, an ICIS service in China.
The company will also raise the prices of its dipropylene glycol (DPG) and tripropylene glycol (TPG) by $100/tonne next month, the source said.
All contract terms and conditions with existing customers remain in full force and in effect, SKC said.
($1 = €0.73)
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