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LANXESS increases prices for hexanediol

March 09/2021

MOSCOW (MRC) -- Specialty chemicals company LANXESS is raising its prices for 1,6-hexanediol (HDO) globally with immediate effect. The increase amounts for EUR 800 per metric ton, said the company.

HDO is an important precursor for high performance coatings, fibers, adhesives, polyurethanes, polycarbonate diols, and as reactive diluent for epoxy resins.

As per MRC, LANXESS announced force majeure at its maleic anhydride plant in Baytown, Texas, due to a shortage of raw materials and a safety shutdown. The capacity of the company's plant in Baytown is 75,000/tonne.

Maleic anhydride is a raw material for the production of tetrahydrofuran, tetrahydrophthalic anhydride, films and synthetic fibers, pharmaceuticals, detergents, plasticizers, maleic, succinic, fumaric and malic acids and a number of agricultural chemicals.

Plasticizers are substances introduced into a polymer material to make it elastic and plastic during processing and operation. In particular, plasticizers are used for the production of polyvinyl chloride (PVC). The share of plasticizers used for the production of PVC products is about 80%.

According to the ICIS-MRC Price Report, price discussions for March supplies of Russian PVC began; supplies of Russian PVC with K64 / 67 were discussed in the range of Rb116,000-120,000/tonne CPT Moscow, including VAT, for volumes up to 500 tonnes, against Rb112,000-115,000/tonne CPT Moscow, including VAT in February.

LANXESS is a leading specialty chemicals concern with a turnover of EUR7.2 billion in 2018. The group employs approximately 15,400 people in 33 countries. Currently, the concern includes 60 manufacturing enterprises. LANXESS's core business is the development, production and marketing of chemical intermediates, additives, specialty chemicals and plastics.
Author:Anna Larionova
Tags:maleinoviy angidrid, PVH, EPVC, PVC paste, SPVC, Lanxess.
Category:General News
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