MOSCOW (MRC) -- BASF says it will increase its prices in the US and Canada for select polyetheramine products, effective 1 January 2021 or as existing contracts allow. Four polyetheramine products, including two of its Baxxodur-brand products, will each rise by 9 cents/lb, said Chemweek.
Polyetheramine products are used in applications as curing agents in various segments including coatings and sealing compounds, composites, adhesives, and flooring.
As MRC informed earlier, BASF, the world's petrochemical major, has declared force majeure (FM) on the supply of n-butanol after hitting unspecified technical problems at its production plant in Ludwigshafen, Germany. The FM was declared “with immediate effect” on 8 December by BASF in a letter to all its n-butanol customers. “Our production plant for n-butanol has encountered unforeseeable technical problems.
As MRC informed previously, BASF restarted its No. 1 steam cracker following a maintenance turnaround on September 30, 2019. The plant was shut for maintenance in mid-August, 2019. Located at Ludwigshafen in Germany, the No. 1 cracker has an ethylene production capacity of 235,000 mt/year and a propylene production capacity of 125,000 mt/year.
Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,760,950 tonnes in the first ten months of 2020, up by 3% year on year. Only high density polyethylene (HDPE) and linear low density polyethylene (LLDPE) shipments increased. At the same time, PP shipments to the Russian market reached 978,870 tonnes in January-October 2020 (calculated using the formula: production minus exports plus imports minus producers' inventories as of 1 January, 2020). Supply of exclusively of PP random copolymer increased.
BASF is the leading chemical company. It produces a wide range of chemicals, for example solvents, amines, resins, glues, electronic-grade chemicals, industrial gases, basic petrochemicals and inorganic chemicals. The most important customers for this segment are the pharmaceutical, construction, textile and automotive industries.
MRC