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Stepan: Q2 price hike for aromatic polyester polyols

Stepan Europe (Rickmansworth / UK; www.stepan.com) has announced a EUR 100/t price increase for all European "Stepanpol” aromatic polyester polyols for the second quarter. Roger Stubbs, company VP for European polymers, said the increase was driven by higher raw material costs and by a sharp rise in the price of di-ethylene glycol (DEG) feedstock in particular.

DEG prices have increased by more than 30% since the end of last year "and we cannot foresee a short term reversal in this trend”, he added.

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