Denka rubber unit eyes prices, market supply

Tokyo – Denka Performance Elastomer (DPE) is looking for price-increases to offset rising costs for crude oil-derived feedstock costs, according to Japanese parent group Denka Co. Ltd.

In particular, DPE aims to counter a “surge in prices” for butadiene, in ongoing negotiations with clients signed up to long-term price formula contracts, Denka said in a 7 Nov financial statement.

The target is “to upwardly revise product prices and reclaim profitability,” said the group, adding that costs of raw materials for its acetylene-based chloroprene rubber (CR) were rising.

“Taking…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with