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BASF raises September polyalcohol prices in Americas

August 19/2021

MOSCOW (MRC) -- BASF, the world's largest petrochemical company, has announced price increases for select polyalcohols in North and South America, as per the company's press release.

The price rise is effective 1 September 2021 or as contracts allow. No reason for the nominated price hike has been given.

Thus, prices for polycaprolactone, epsilon-caprolactone, and 1,6-hexanediol (HDO) flake will grow by USD0.20/pound (lb) in North America and by USD441/metric ton in South America, it says. The price of 1,5-pentanediol will rise by USD0.15/lb in North America and USD331/metric ton in South America, whereas prices for neopentyl glycol (NPG) and 1,6-HDO molten will go up in North America by USD0.10/lb and in South America by USD220/metric ton.

The various products are used in applications including coatings, plastics, epoxy systems, resins for adhesives and sealants, and high-performance polyurethane, according to BASF.

As MRC reported earlier, Lotte Chemical, a major Korean chemical company, has produced polypropylene (PP) required for medical applications using BASFs Irgastab, a non-discoloring processing stabilizer. With the rollout of COVID-19 vaccinations worldwide, the need for syringes made from PP has increased exponentially.

According to MRC's ScanPlast report, PP shipments to the Russian market were 727,160 tonnes in the first six months of 2021, up by 31% year on year. Supply of homopolymer PP and block-copolymers of propylene (PP block copolymers) increased. Supply of statistical copolymers of propylene (PP random copolymers) subsided.

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, North America, South America, PP, poliuretan, coatings, medicine, petrochemistry, adhesives, paints and coatings, BASF, South Korea.
Category:General News
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