Ludwigshafen, Germany -- BASF is raising its prices for Neopentylglycol (NPG) and Trimethylolpropane (TMP) worldwide with immediate effect or as allowed by contract.
The price rises for both materials, used extensively in making polyurethanes, are Euro 0.1/kg in EMEA (Europe, the Middle East and Africa), $0.05/kg in the Americas and in Asia Pacific.
BASF explained in a 25 March statement that the price adjustment is necessary "due to increased cost and to support BASF's ongoing efforts to assure the highest levels of product and service quality to its customers."
NPG and TMP are polyalcohols that are widely used in solvent-free coatings as well as in the production of polyurethanes, alkyd resins and synthetic lubricants, said the supplier.
BASF has NPG plants in Ludwigshafen, Freeport, Texas, and Jilin, China, with total capacity of 165 kilotonnes per annum (ktpa) and makes TMP at a 20 ktpa plant in Ludwigshafen.