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Cytec Industries Inc. Message Board

  • excapnal excapnal Mar 5, 2008 8:05 PM Flag

    Another Price Increase

    CYT is raising melamine price again; $0.06/lb effective 1st of April. By my calculations this could be almost $0.09/share in additional cash - granted cost are going up, and I'm going to guess most of this is natural gas (goes into the ammonia and also goes into significant reactor furnace heat), but I'm guessing they are more than covering their cost increases, and certainly helping to keep Building Blocks viable. Having said that, apparently the rumor mill at Fortier is running full out re CYT selling the plant. Strategically I don't see much downside, since a great deal of it is owned by someone else anyway, but of course that fact may make a transaction pretty unwieldy. Quien sabe.

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74.57+0.02(+0.03%)Nov 24 4:04 PMEST