BASF raises prices of Neopentyl Glycol and 1,6 Hexanediol in Europe

BASF raises prices of Neopentyl Glycol and 1,6 Hexanediol in Europe

THE WHAT? Chemicals company BASF has announced that it is to increase the prices of polyalcohols Neopentyl Glycol (NPG) and 1,6-Hexanediol (HDO) in Europe by 4 euros a metre and 1.000 a metre respectively. 

THE DETAILS According to a press release, “Neopentyl Glycol (NPG) is a high-quality intermediate used, for example, to produce polyester resins for coatings, unsaturated polyester resins, lubricants and plasticizers. 

“1,6-Hexanediol (HDO) is used to manufacture industrial coatings including lower volatile organic compound formulations, polyurethanes, adhesives, and cosmetics. HDO also serves as a reactive thinner in the formulation of epoxy systems, which for example are used for the efficient production of rotor blades for modern wind turbines, as well as construction components for automotive lightweight applications.”

THE WHY? The price hike will take place with immediate effect or as ‘existing contracts permit.’ 

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