Dow Announces Price Increase for Acrylic Monomers
Midland, MI - July 14, 2008
Effective August 1, 2008, or as contracts allow, Dow will increase both list and off-list selling prices of bulk (tank truck and tank car) acrylic acid and esters, also known as acrylic monomers or acrylates, in North America and Latin America by US$0.15 per pound, and both list and off-list 55 gallon drum selling prices by US$0.20 per pound. This increase is in addition to all previously announced price increases. Details of the increase are as follows:
|
Product |
Bulk tank truck and rail car increase effective August 1, 2008* |
Drum price increase effective August 1, 2008* |
|
Butyl Acrylate |
US$0.15 per pound |
US$0.20 per pound |
|
2-Ethylhexyl Acrylate |
US$0.15 per pound |
US$0.20 per pound |
|
Ethyl Acrylate |
US$0.15 per pound |
US$0.20 per pound |
|
Methyl Acrylate |
US$0.15 per pound |
US$0.20 per pound |
|
Glacial Acrylic Acid |
US$0.15 per pound |
US$0.20 per pound |
* or as contract terms allow
Raw material costs continue to remain at extremely high levels. As recently reported in the press by Dow CEO Andrew Liveris, Dow will also implement a freight surcharge effective August 1, 2008 on all Seller Absorbs Freight shipments to recover escalating transportation costs. We can no longer absorb these dramatic increases and need to take the actions necessary to offset the rising costs to manufacture and transport our products and remain a strong and reliable supplier.
About Dow Acrylates
Dow is one of the world’s largest producers and marketers of acrylic acid and esters (acrylic monomers or acrylates), with a complete portfolio of acrylate materials that provide selection, quality and consistency for a wide range of applications. Acrylic monomers are used in dispersions and emulsions for adhesives, coatings, inks, woven and non-woven textiles, plastics and polymers and superabsorbent products. For more information about acrylic monomers or acrylates, visit www.dowacrylates.com.
About Dow
For Editorial Information:
Melissa Bressette
The Dow Chemical Company
(989) 636-8068