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(BASF) -- BASF
increases prices globally of antioxidants and process stabilizers for plastic
applications by 5-10%, depending on the product. These increases are in addition
to the increases announced in December. The price increase is necessary due to a
significant increase in prices of major raw materials such as stearyl and lauryl
alcohol, phenols, and methyl acrylate which are driven by feedstock price
developments in the benzene, propylene, palm kernel oil markets.
BASF is committed to the plastic additives business.
However, the recent and anticipated raw material cost escalations and volatility
combined with current profitability levels require an increase in prices to
sustain BASF’s ability to invest.
mrcplast.com
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