Zeon to raise synthetic rubber prices

Tokyo, Japan – Zeon Corp. has announced price increases for its elastomer products, citing a sharp rise in input costs linked to geopolitical developments in the Middle East.

In a 21 April statement, Zeon said it will revise selling prices for a range of synthetic rubber products, effective for deliveries from 1 May.

Price increases are set at:

BR: Yen291/kg
ESBR (oil-extended): Yen179/kg
ESBR (non-oil): Yen243/kg
SSBR (oil-extended): Yen212/kg
SSBR (non-oil): Yen281/kg
IR: Yen190/kg
NBR: Yen253/kg
ACM: Yen232/kg

Zeon added that prices for synthetic rubber compounds and synthetic latex products will be revised “in accordance with polymer content ratios.”

Explaining the move, the company said that “a significant increase is expected in raw material costs, fuel costs and logistics costs due to the deterioration of the situation in the Middle East.”

It added that these cost increases “greatly exceed the limits of the company’s own efforts,” leading to the decision to implement price revisions.

Customers using pricing formulas will be contacted individually by company representatives, Zeon said.