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MOSCOW (MRC) -- Lanxess has raised its
prices globally for 1,6-hexanediol (HDO) with immediate effect (from 4
December), due to a significant increase in raw material costs in recent months,
reported Chemweek with reference to the
company's statement.
The product price has been hiked by EUR350/metric
ton (USD425/metric ton). HDO is an important precursor for high performance
coatings, fibers, adhesives, polyurethanes, polycarbonate diols, and as a
reactive diluent for epoxy resins.
The company raised its prices
worldwide on 1 December for adipic acid by EUR90/metric ton for the same stated
reason. Adipic acid is used in the production of polyamide (PA) 66–based fibers
and polymers, and for the synthesis of polyester polyols for polyurethane
systems and thermoplastic polyurethanes.
As MRC informed earlier,
since January 2020, Vinmar Polymers America has been distributing
Lanxess Corp.'s high-performance plastics to customers in North
America.
We remind
that Russia's output of chemical products rose in October 2020 by 7.2% year on
year. At the same time, production of basic chemicals grew in the first ten
months of 2020 by 6.3% year on year, according to Rosstat's data. According to
the Federal State Statistics Service of the Russian Federation, polymers in
primary form accounted for the greatest increase in the January-October output.
October production of polymers in primary form grew to 857,000 tonnes from
852,000 tonnes in September. Overall output of polymers in primary form totalled
8,340,000 tonnes over the stated period, up by 17% year on
year.
Lanxess is a leading specialty chemicals company with sales of
EUR 7.2 billion in 2018. The company currently has about 15,500 employees in 33
countries and is represented at 60 production sites worldwide. The core business
of Lanxess is the development, manufacturing and marketing of chemical
intermediates, additives, specialty chemicals and plastics. |
