|
FMC Corporation announced that effective July 1, 2008, or as contract terms permit, it will increase off-list hydrogen peroxide prices by a minimum of $0.06 per pound (100 percent basis) in the United States and $135 (Canadian) per metric ton in Canada for all grades of hydrogen peroxide except for high purity grades of hydrogen peroxide for the semiconductor market. High purity hydrogen peroxide prices for semiconductor customers will increase 15 percent.
FMC’s hydrogen peroxide energy and transportation fuel surcharges as posted on its web page will remain in force. The energy surcharge is adjusted quarterly and is tied to the price of natural gas, a key raw material used in the production of hydrogen peroxide. The transportation fuel surcharge is adjusted monthly and is tied to the cost of diesel fuel and crude oil. Because hydrogen peroxide is shipped as an aqueous solution, freight costs including fuel surcharges are a significant part of the delivered cost structure.
“This price increase is required during this time of high capacity utilization and inflationary cost pressures to allow investment to continue for FMC’s safe and reliable supply,” said Bob Zacker, hydrogen peroxide marketing manager, FMC Peroxygens.
FMC is a leading provider of hydrogen peroxide in North America with a broad network of plants and distribution centers located throughout the United States, Canada, and Mexico. FMC Corporation is a diversified chemical company serving agricultural, industrial and consumer markets globally for more than a century with innovative solutions, applications, and quality products.
|
