Lower selling prices lead to a drop in Stepan 01 sales

摘要

Northfield, Illinois,- Stepan Co. saw sales of $19m for the first three months of 2013, down $3.3m compared with the same period last year. Sales volumes were up by 3%, the company said, but the value of sales fell due to falling sales prices which followed the trend in raw material prices. Polymer sales volumes fell by 7% with net sales down 1%. In this sector raw materials prices have been rising, Stepan said, adding it has had more success in passing these rises on.