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Following the announcement of product price increases by 3 Japanese chemical companies including Preman Polymers, Ube Maruzen Polyethylene and Tosoh Corporation also followed up and announced product price increases recently
.
Products that Ube Maruzen has increased prices include LDPE, EVA, metallocene LLDPE, LLDPE and other products of the company
.
The main reasons for the price increase of the two companies are that naphtha, the main raw material of the company's products, has skyrocketed with the rise in crude oil prices and the continuous depreciation of the yen.
In addition, there are also rising utility costs and auxiliary raw material costs, as well as insufficient human resources and rising freight costs.
and other factors
.
Both companies said that in order to reduce the pressure caused by various funding increases and strive to stabilize market supply, at the same time, for the development of the enterprise, they had to raise prices
.