Dow Announces Global Price Increase for Vinyl Acetate Monomers effective September 1st
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The Dow Chemical Company announced that it will increase the off schedule price in all regions for vinyl acetate Monomer effective September 1, 2009, or as contracts allow. The increase amounts by region are noted below:
North America: US$66 per MT
Latin America: US$50 per MT
Middle East & Africa: US$50 per MT
Asia Pacific: US$50 per MT
Europe: 66 € per MT
This increase is necessitated by the cost escalation of raw materials, particularly ethylene and methanol, key for the production of Vinyl Acetate Monomer.