South Korea’s SKC to raise MPG prices by $100/tonne in February

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)

By: Vikki Shen

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