ZEON Corporation has announced that its selling prices for hydrocarbon resins and thermoplastic elastomers will be raised as listed below.
March 11, 2004
1. Price increase by the product type
C5 hydrocarbon resin (product name: Quintone) 15 yen/kg
DCPD hydrocarbon resin (product name: Quintone) 15 yen/kg
Thermoplastic elastomer SIS (product name: Quintac) 15 yen/kg
2. Effective date
The price rises will come into effect for the April 1, 2004 product shipment.
3. Reason for the price increase
Product profitability has continued to suffer due to price hikes of crude oil, naphtha, and styrene monomers despite our continuing efforts to reduce manufacturing costs. The equivalent price increase will also be applicable to exports.