Tokyo, Dec 02, 2013 (ACN Newswire via COMTEX) — Showa Denko (SDK) (tokyo:4004) has decided to increase its chloroprene rubber price in markets outside Japan as from shipments on December 15, 2013.
Specifically, the price will be increased by more than US$270/m.t for US-dollar-based transactions (USD350/m.t for Asian market) or by more than EUR200/m.t. for euro-based transactions. The rate of increase may differ between areas and will be subject to the terms of applicable contracts.
At present, the chloroprene rubber price does not fully reflect the increases in raw material costs. Thus, SDK has concluded that it has no alternative but to ask its customers to bear a part of the cost increase in order to ensure the stable supply of chloroprene rubber and the continuation of its business.
Source: Market Watch
