Once Again BASF increases prices for Neopentylglycol, and other Products: Just a few days after price increase for some chemical products, the chemical company – BASF- has announced another price increase. This time just in Europe:
BASF is increasing the prices of the following polyalcohols with immediate effect or as existing contracts permit in Europe:
Product Price Increase
Neopentylglycol (NPG) +200 Euro/mt
Trimethylolpropane (TMP) +200 Euro/mt
1,6-Hexanediol (HDO) +100 Euro/mt
Neopentylglycol (NPG) is a high-quality intermediate used, for example, to produce polyester resins for coatings, unsaturated polyester resins, lubricants and plasticizers. Trimethylolpropane (TMP) is a high-quality intermediate used primarily for the production of alkyd resins, which are used in paints and coatings. It also serves to produce lubricants. 1,6-Hexanediol (HDO) is used to manufacture industrial coatings including lower volatile organic compound formulations, polyurethanes, adhesives, and cosmetics. HDO also serves as a reactive thinner in the formulation of epoxy systems, which for example are used for the efficient production of rotor blades for modern wind turbines, as well as construction components for automotive lightweight applications.
About BASF
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The approximately 114,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of about €58 billion in 2016. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (BAS).
Further information at www.basf.com.
