TOKYO (Feb. 28, 2011)—Denki K.K. and Lanxess A.G. plan to hike prices for polychloroprene, both up to $400 a metric ton.
Denka, based in Tokyo, said it is raising prices of its polychloroprene rubber in the U.S. and all other non-Japanese markets and end users. The price change takes place April 1, subject to contract terms, the company said. The firm blamed the increase on rising raw material costs.
Leverkusen, Germany-based Lanxess said it will boost its CR prices on March 1, or when contracts allow. The companyt said increasing feedstock and energy costs were behind its decision.