TOKYO—Tosoh Corp. is increasing prices for exported chloroprene rubber sold under the Skyprene brand name, the Japanese company announced Nov. 1.
The general increase will see prices will rise by $400 a ton from Jan. 1, according to Tosoh.
Tosoh said that over recent years it had strived to offset or absorb costs and that the export price rise was “necessary so as to ensure ability to stably supply” the product.
The company statement asked for customers' understanding regarding the increase.
Tosoh is a producer and supplier of both CR and chlorosulphonated polyethylene, businesses that are positioned within its petrochemical group.
In May, the company reported that shipments of both rubber materials was benefiting from improved export prices because of the weaker yen.