Increase in Prices of Oxo Derivatives Shipped in and after January

JNC CORPORATION (head office: Chiyoda-ku, Tokyo, CEO & President: Yasuyuki Gotoh) will increase the prices of oxo derivatives.

 

The price of domestic naphtha, which is the raw material of oxo derivatives, shows a strong rising trend due to the influence of rebound in crude oil prices and low exchange rate of Yen.

The price of domestic naphtha has rebounded from the bottom price of 31.3 thousand Yen/kL in the third quarter (July-September) in 2016, and is estimated to exceed 41.0 thousand Yen/kL in the first quarter (January-March) in 2017.  Moreover, we anticipate a rise in the prices of utilities and auxiliary materials, and we are in a situation where the rise in the prices of raw materials cannot be compensated solely by the efforts of our Company.

We are obliged to revise our prices in order to fulfill our obligation of providing a stable supply of products to customers in Japan, and will increase the prices by 20 Yen/kg or more for shipments in and after January.

We will continue our sincere efforts in order to gain full understanding of our customers.

 

 

Description

 

1. Target Products and Price Revision Range

● N-butylaldehyde (NBA), Isobutylaldehyde (IBA), Octanol (OA), N-butanol (NBO), Isobutanol (IBO), Butyl acetate, Isobutyl acetate, Isopropyl acetate, CS-12, CS-16, Isobutyl isobutyrate (IBIB), Octylic acid

● Increase of 20 Yen/kg or more relative to the current prices

 

2. Timing of Price Increase

From shipments in and after January 2017

 

 

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