Soaring oil prices have impacted price of naphtha - the feedstock material for petrochemicals. In a bid to counter these high prices, Japanese polymer producers Asahi Kasei Chemicals Corporation and Shin-Etsu Chemical Co. Ltd. have hiked polymer prices in and after May.
Asahi Kasei Chemicals has announced a price hike as follows:
* PE prices by more than 20 yen/kg, a 12-13% price hike, effective for shipments in the second half of May.
* Styrene monomer prices by 20 yen/kg, a 13% hike effective from shipments on May 1.
Shin-Etsu Chemical has raised poly vinyl chloride prices by 15 yen/kg (13%) starting from June shipments.
27-Jul-06 
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