Ludwigshafen, Germany -- BASF announced 18 Sept that it is raising prices for its polyalcohols, neopentylglycol (NPG), trimethylolpropane (TMP) and hydroxypivalic acid neopentylglycolester (HPN) worldwide. The increases will take effect immediately, or as contracts allow.
In Europe, Africa, and the Middle East prices will increase by Euro 0.14/kg;
In the Americas prices will increase by $0.10/lb; and
In Asia Pacific prices will increase by $ 0.20/kg.
According to the chemicals group, the price rises "are necessary to respond to raw material cost increases."
Polyalcohols are widely used in solvent-free coatings as well as in the production of polyurethanes, alkyd resins, unsaturated polyester resins and synthetic lubricants, BASF added.