MIDLAND, Mich. (May 29)—Dow Chemical Co. will increase off-list prices for chemical-grade and urethane-grade propylene oxide by 4 cents per pound in North America, effective June 1. The company, which said it expects increased demand for PO in 2002, cited higher costs for propylene monomer and increased natural gas prices as the reasons for the increase. "Tighter supply and rising prices for propylene and natural gas are putting significant upward pressure on PO," said Dave Pashalidis, global business director for the firm's propylene oxide and propylene glycol business. "Propylene prices that moved downward during the second half of 2001 have now escalated upward and forecasts indicate that propylene and natural gas prices will remain high throughout 2002."
Dow to hike PO prices
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