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Lanxess raises 1,6-hexanediol prices

December 09/2020

MOSCOW (MRC) -- Lanxess has raised its prices globally for 1,6-hexanediol (HDO) with immediate effect (from 4 December), due to a significant increase in raw material costs in recent months, reported Chemweek with reference to the company's statement.

The product price has been hiked by EUR350/metric ton (USD425/metric ton). HDO is an important precursor for high performance coatings, fibers, adhesives, polyurethanes, polycarbonate diols, and as a reactive diluent for epoxy resins.

The company raised its prices worldwide on 1 December for adipic acid by EUR90/metric ton for the same stated reason. Adipic acid is used in the production of polyamide (PA) 66based fibers and polymers, and for the synthesis of polyester polyols for polyurethane systems and thermoplastic polyurethanes.

As MRC informed earlier, since January 2020, Vinmar Polymers America has been distributing Lanxess Corp.'s high-performance plastics to customers in North America.

We remind that Russia's output of chemical products rose in October 2020 by 7.2% year on year. At the same time, production of basic chemicals grew in the first ten months of 2020 by 6.3% year on year, according to Rosstat's data. According to the Federal State Statistics Service of the Russian Federation, polymers in primary form accounted for the greatest increase in the January-October output. October production of polymers in primary form grew to 857,000 tonnes from 852,000 tonnes in September. Overall output of polymers in primary form totalled 8,340,000 tonnes over the stated period, up by 17%  year on year.

Lanxess is a leading specialty chemicals company with sales of EUR 7.2 billion in 2018. The company currently has about 15,500 employees in 33 countries and is represented at 60 production sites worldwide. The core business of  Lanxess is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics.
Author:Margaret Volkova
Tags:Europe, North America, PC, poliuretan, elastotermoplast, compounding, fibers/filaments, coatings, sheet extrusion, adhesives, poliamid, Lanxess, Polyamide PA66, Russia.
Category:General News
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