《Oshika Corporation increases adhesive prices for plywood manufacturing》：
Jan 21, 2014. /Lesprom Network/. Oshika Corporation (Tokyo), adhesive manufacturer, decided to increase sales prices of phenol adhesive for plywood manufacturing as of December 21 because of higher cost of methanol and benzene, as ITTO reported.
According to the customs statistics made by the Ministry of Finance, CIF prices of imported methanol in October was 41.6 yen ($0.4) per kilogram, 10 yen ($0.09) higher than the prices in October last year.
Further, Metax of Canada, the leading methanol manufacturer and marketer revised the prices for Asian market in November to $520 per ton, $30 higher than October.
Major methanol plants in Indonesia and Saudi Arabia are down by periodical repair and maintenance then the supply from Iran is dropping while the demand of China increased by about 10%. Domestic manufacturers like Mitsubishi Gas Chemical and Mitsui Chemical announced price hike.
By price increase of methanol, the main material to make formalin, Oshika announced higher prices. The price increase is 12% on phenol adhesive and 10% on urea adhesive and 7% on melamine adhesive.
Price of benzene, raw material for phenol, is up due to weak yen. The price shot up to over 130 yen ($1.2) per kilogram in November, about 20% higher than November last year.
《Oshika Corporation increases adhesive prices for plywood manufacturing》：
Jan 21, 2014. /Lesprom Network/. Oshika Corporation (Tokyo), adhesive manufacturer, decided to increase sales prices of phenol adhesive for plywood manufacturing as of December 21 because of higher cost of methanol and benzene, as ITTO reported.
According to the customs statistics made by the Ministry of Finance, CIF prices of imported methanol in October was 41.6 yen ($0.4) per kilogram, 10 yen ($0.09) higher than the prices in October last year.
Further, Metax of Canada, the leading methanol manufacturer and marketer revised the prices for Asian market in November to $520 per ton, $30 higher than October.
Major methanol plants in Indonesia and Saudi Arabia are down by periodical repair and maintenance then the supply from Iran is dropping while the demand of China increased by about 10%. Domestic manufacturers like Mitsubishi Gas Chemical and Mitsui Chemical announced price hike.
By price increase of methanol, the main material to make formalin, Oshika announced higher prices. The price increase is 12% on phenol adhesive and 10% on urea adhesive and 7% on melamine adhesive.
Price of benzene, raw material for phenol, is up due to weak yen. The price shot up to over 130 yen ($1.2) per kilogram in November, about 20% higher than November last year.