ZEON Corporation has announced that global selling prices for hydrocarbon resin and thermopastic elastomer will be raised as listed below.
June 30, 2009
1. Price increase by the product type
Hydrocarbon resin US$ 220/MT
(Product name : Quintone): (US Dollar 220 per metric ton)
Thermoplastic Elastomer SIS US$ 330/MT
(Product name : Quintac): (US Dollar 330 per metric ton)
2. Effective date
Price increase will come into effect from july 1st, 2009 shipments.
3. Reason for the price increase
These price increases are required to partially offset the unprecedented increases in naphtha and crude oil prices. These prices effect on our primary raw materials and energy costs.
Given that these rising prices are beyond our capacity to absorb, we have determined that upward revisions in our product prices are unavoidable.