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BASF announced EUR60 Europe ethanolamines hike

January 31/2012

(basf) -- BASF is targeting a EUR60/tonne hike across all ethanolamines grades in Europe following soaring feedstock costs, the Germany-based chemicals major said on Monday. With immediate effect, or as existing contracts permit, BASF is increasing its European sales prices for ethanolamines (EOA) as follows: monoethanolamine (MEOA) + 60 EUR/mt, diethanolamine (DEOA) + 60EUR/ mt, triethanolamine (TEOA) + 60EUR/ mt or by the equivalent amounts in local currency.

  

The price increase will also apply to current supply agreements as soon as and to the extent permitted by their terms and conditions.

Ethanolamines are high-class intermediates used in the manufacture of agrochemicals and wood protectants, surfactants for detergents and cleaning products, process chemicals for gas treatment, lubricants and cement additives as well as active pharmaceutical ingredients.

BASF produces EOA at its Verbund sites in Ludwigshafen, Germany; Antwerp, Belgium; and Nanjing, China.

mrcplast.com
Author:Anna Larionova
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Category:General News
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