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BASF raises bioplastic product prices in Europe

February 18/2021

MOSCOW (MRC) -- BASF has hiked its prices in Europe for its range of biodegradable bioplastics with immediate effect or as contracts allow, according to Chemweek.

No reason for the increase has been given.

Prices for several grades of the companys bioplastic compound ecovio have been increased by EUR350/metric ton (USD422/metric ton), it says.

The bioplastic products are used mainly in bag applications for organic waste, fruit and vegetables, cling films, and agricultural mulch films, as well as for packaging solutions for paper coating, shrink films, and thermoformed and injection-molded applications.

As MRC wrote before, late last week, BASF said it was restarting one of its steam crackers at its Ludwigshafen complex in Germany after operations were halted last Wednesday due to a technical issue. The naphtha cracker produces ethylene and propylene, and is one of two crackers on the site. One has a production capacity of 420,000 metric tons/year, with the others capacity at 240,000 metric tons/year, according to IHS Markit data.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,220,640 tonnes in 2020, up by 2% year on year. Only shipments of low density polyethylene (LDPE) and high density polyethylene (HDPE) increased. At the same time, polypropylene (PP) shipments to the Russian market reached 1 240,000 tonnes in 2020 (calculated using the formula: production, minus exports, plus imports, excluding producers' inventories as of 1 January, 2020).

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.
Author:Margaret Volkova
Tags:Europe, bioplastics, PP, PE, PP random copolymer, propylene, LDPE, HDPE, ethylene, compounding, petrochemistry, packaging, film, heat-shrink, BASF, Germany, Russia.
Category:General News
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