Dow Announces Price Increase for Acrylates in All Regions
The Dow Chemical Company and its affiliates have announced price increases for acrylic acid and esters, also known as acrylic monomers or acrylates, effective September 1, 2007, or as otherwise allowed by individual contract terms. Dow will increase off-schedule prices globally as follows:
Butyl Acrylate/2-Ethylhexyl Acrylate:
- in North America by $0.05 per pound
- in Asia Pacific by US$110 per metric ton
- in Middle East/Africa by US$110 per metric ton
- in Latin America by US$110 per metric ton
- in Europe by 80 Euros per metric ton
Ethyl Acrylate/Methyl Acrylate/Glacial Acrylic Acid:
- in North America by US$0.03 per pound
- in Asia Pacific by US$70 per metric ton
- in Middle East/Africa by US$70 per metric ton
- in Latin America by US$70 per metric ton
- in Europe by 50 Euros per metric ton.
"The price for propylene, a key raw material, has increased 30% over the last seven months and has outpaced our ability to implement price increases, thus severely compressing our margins," explained Mark Bassett, global business director for the Acrylic Monomers business of The Dow Chemical Company. "Our margins are being squeezed and some key alcohols and the resulting acrylates have gotten tight. This action is necessary to help offset the increase on propylene and other key raw materials we are seeing in the marketplace and to enable Dow to continue to be a reliable supplier."
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