Dow Chemical to raise prices on propylene glycols

Midland, Mich.-based Dow Chemical Company announced that effective September 1, 2005, it will be increase prices for its propylene glycol products in North America and the Caribbean.
Prices for propylene glycol industrial (PGI) and propylene glycol USP/EP (PG USP/EP) will increase by $0.05 lb. (US$110 MT); prices for dipropylene glycol (DPG) and dipropylene glycol LO+ (DPG LO+) will increase by $0.10 lb. (US$220 MT); and prices for tripropylene glycol (TPG) and tripropylene glycol acrylate grade (TPG AG) will increase by $0.05 lb. (US$110 MT).
"Tight supply of key raw materials used in the production of PG, such a propylene monomer and propylene oxide, impact the availability of PG products," said Antulio Borneo, commercial director, Dow Oxides and Glycols in a press release. "Upward trends in raw material and energy cost have also influenced Dow’s decision to increase prices for its propylene glycols products, accordingly."