More chloroprene rubber hikes on the way

Tokyo – Japanese synthetic rubber suppliers Showa Denko and Tosoh Corp.have announced new price increaseson chloroprene rubber –adding to a spate of recent hikes in the cost of these materials.

Showa Denko announced 25 Jan that it was increasing CR prices globally as of 16 Feb, in addition to a previous price change on 8 Nov for European and Asian markets. The price rise, it said, was necessary to ensure the stable supply.

The price will be increased by $400 per tonne ($0.18/lb.) or more for US-dollar-based…

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