Lanxess raises prices for water treatment products as costs weigh | Reuters

June 30 (Reuters) - German specialty chemicals maker Lanxess (LXSG.DE) is raising prices for ion exchange resins and iron oxide adsorbers used in water treatment by an average of 3% from July 1, the company said on Friday.

"The cost level of raw materials, energy, and transportation remains well above historical averages and Lanxess continues to expect an increased level of volatility in the second half of the year," it said in a statement. Furfuryl Alcohol Polymerization

Lanxess raises prices for water treatment products as costs weigh | Reuters

Lanxess' liquid purification technologies unit produces ion exchange resins and iron oxide adsorbers for water treatment in industries such as microelectronics and food and beverage.

Earlier in June, the chemicals maker slashed its second quarter and annual core profit forecast, sending its shares to a three-year low.

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Shipping group A.P. Moller-Maersk warned on Friday of a steeper decline in global demand for shipping containers by sea this year, prompted by muted economic growth and customers reducing inventories.

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Lanxess raises prices for water treatment products as costs weigh | Reuters

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