US Eastman seeks 10 cent/lb price hike on glycol ether

03 February 2014 16:09 Source:ICIS News

HOUSTON (ICIS)--US-based company Eastman Chemical is seeking a global off-list price increase of 10 cents/lb ($220/tonne) on the glycol ether diethylene glycol monobutyl ether (DB), effective on 15 February, according to information available on Monday.

Eastman said that the price increase is due to elevated operating costs, particulary in raw materials and energy. Last month, the company announced an off-list price increase of 3 cents/lb for DB, effective on 1 February.

 

By Matthew Donovan