MOSCOW (MRC) -- US-based Eastman Chemical Company is increasing prices on the following products Jan. 01, or as contracts allow, said the producer on its site.
These increases are due to elevated operating costs, especially in raw materials, and will be, as follows:
- acetic acid, all grades: List and Offlist Price increase of USD 0.030/LB (USD 0.070/KG) in North America and Latin America;
- acetic acid, dilute: list and offlist price increase of USD 0.030/PAI in North America and Latin America.;
- acetic acid-anhydride blend: list and offlist price increase of USD 0.030/LB (USD 0.070/KG) in North America and Latin America.
As MRC wrote previously, in February 2016, Eastman Chemical said that it was seeking options to off-load its excess ethylene and other olefin intermediates in the US. Eastman has four crackers in Longview, Texas, which are able to produce ethylene and propylene. The company was seeking to monetize its excess ethylene as well as olefin intermediates, according to Eastman CEO Mark Costa.
Eastman is a global specialty chemical company that produces a broad range of products found in items people use every day. With a portfolio of specialty businesses, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. Its market-driven approaches take advantage of world-class technology platforms and leading positions in attractive end-markets such as transportation, building and construction and consumables. Eastman focuses on creating consistent, superior value for all stakeholders. As a globally diverse company, Eastman serves customers in approximately 100 countries and had 2015 revenues of approximately $9.6 billion. The company is headquartered in Kingsport, Tennessee, USA and employs approximately 15,000 people around the world.
MRC