CITGO Petroleum Corporation Announces Price Increases Effective January 25, 2025
CITGO Petroleum Corporation has announced a price increase on its aliphatic solvent products, effective January 25, 2025. This adjustment reflects the growing costs in the chemical industry and applies to several key products.Details of the Price IncreasesThe price of the following products will increase by four (4) cents per pound:Rubber Solvent Special Naphtholite 66/3 (VM&P)Camping Fuel Mineral Spirits 75Textile Spirits Mineral Spirits 66/3Naphthol Spirits 66/3142 Solvent 66/3Mineral Seal OilCITGO Solvent 500Nonexempt Mineral Spirits Mineral Spirits 150 66/3Hexane Lactol Spirits 2300Heptane Special LactoliteAll blends containing these productsWhat This Means for Your BusinessThis price adjustment will directly impact industries that rely on aliphatic solvents, including manufacturing, textiles, and industrial cleaning. Businesses should evaluate how these increases might influence their costs and supply chain strategies.Stay Informed with GreenChemFor more detailed information on Eastman Chemical’s price increase and to read the official announcement, click here. Additionally, join our WhatsApp Channel, Chemical Distribution Hub, to receive timely updates directly on your phone. Follow this link to join now and stay ahead of crucial industry news. Also, make sure to consistently visit our Industry News Section on our website to keep up with the latest trends and developments within the chemical industry.