Manufacturing Industry
Benzene spurs PC, ABS hikes.(News)(polycarbonate)(GE Advanced Materials)
Plastics News, August, 2004 by Esposito, Frank
Byline: Frank Esposito Major price increases have hit North American markets for polycarbonate and ABS resin since late July, mainly as a result of higher costs for benzene. PC prices have jumped 23 cents per pound, while ABS prices have soared 14 cents per pound as a result of price increases from GE Advanced Materials, Bayer Corp., Lanxess Corp.
and Dow Chemical Co., the four firms that dominate North American markets for those products. "It's fair to say we continue to experience dramatic increases in energy, raw material and transportation costs,'' GEAM spokesman Terry Dunn said. "Benzene is more than $3 a gallon, and we're probably the biggest buyer of benzene in the world.'' Benzene is used in the production of styrene monomer, which is a...
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