Dow Announces Price Increase for E-Series Glycol Ethers

18-Jun-2003

The Dow Chemical Company has announced an off-list price increase of US$0.04/lb.for the following E-series glycol ethers products in the U.S. and Canada, effective July 1. All other terms and conditions remain unchanged.

* Butyl CELLOSOLVETM Solvent

* Butyl CARBITOLTM Solvent

* CARBITOL Solvent

* Methyl CARBITOL (all grades)

"A number of factors are driving this price increase," said Manfred Holzleg, marketing manager for Dow Glycol Ethers, North America. "Hydrocarbon feedstock price levels are still very high and we anticipate further cost pressure within the near future. Propylene and ethylene prices remain at very high levels, and natural gas prices have increased again over the past few weeks. In addition, industry operating rates appear to be up considerably up versus last year, indicating growing demand."

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