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BASF raises April prices for TPU systems in North America

April 02/2021

MOSCOW (MRC) -- BASF, the largest world's petrochemical company, has increased April prices for all thermoplastic
polyurethane (TPU) products in North America, as per the company's press release.

Thus, the price rise was USD0.22/lb for orders shipping on or after April 1, 2021, or as contracts allow.

As MRC reported earlier, in pursue of more ambitious goals on its journey to climate neutrality and net zero emissions by 2050, BASF, the world's petrochemical major, is also significantly raising its medium-term 2030 target for reductions in greenhouse gas emissions: the company now wants to reduce its greenhouse gas emissions worldwide by 25% compared with 2018 - and to achieve this despite targeted growth and the construction of a large Verbund site in South China.

We remind that in mid-February, 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 other's 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 241,030 tonnes in January 2021 versus 217,890 tonnes a year earlier. Only shipments of low density polyethylene (LDPE) and high density polyethylene (HDPE) increased. At the same time, PP shipments to the Russian market reached 141,870 tonnes in January 2021 versus 123,520 tonnes a year earlier. Supply of homopolymer PP and PP block copolymers increased.

BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has approximately 17,000 employees in North America and had sales of USD18.7 billion in 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:North America, PP, PE, poliuretan, PP block copolymer, homopolymer PP, propylene, LDPE, HDPE, elastotermoplast, ethylene, petrochemistry, BASF, Germany, Russia.
Category:General News
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