ZEON Corporation has announced that its selling prices for synthetic rubber will be raised as listed below.
March 25, 2004
1. Price increase by the product type
SBR 21 yen/kg
BR 20 yen/kg
HSD 24 yen/kg
NBR 21 yen/kg
HNBR 21 yen/kg
PB 19 yen/kg
IR 22 yen/kg
CHR 25 yen/kg
AR 24 yen/kg
CHR A price increase is subject to any further revision of pricing for polymers and subsidiary materials.
2. Effective date
The price rise will come into effect for the April 1, 2004 product delivery.
3. Reason for the price increase
Product profitability has continued to suffer due to price hikes of crude oil, naphtha, butadiene, styrene monomers, and acrylonitrile despite our continuing efforts to reduce manufacturing costs.