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BASF raising polyalcohol prices in North America

By Liz White, UT contributing editorMount Olive, New Jersey-BASF announced 24 Aug that it will increase its list and off-list selling prices for three polyalcohols in North America with effect from 1 Sept 2004, or as contracts allow. The chemical major said the increases are necessary, both to cover raw material price rises and to allow the group better margins. Prices for neopentyl glycol (NPG), 1,6-Hexanediol (HDO) and Trimethylolpropane (TMP) polyalcohols as follows:Neopentyl glycol (NPG),                                + $0.07 per pound1,6-Hexanediol (HDO)                                  + $0.07 per poundTrimethylolpropane (TMP)                             + $0.09 per poundThe chemical group also said that the sales control measures initiated for these products in June 2004 will remain in effect.According to BASF, these increases will “help to address recent cost increases, especially for propylene, methanol and benzene,” and also help it “earn acceptable margins that will in turn enable it to provide value to its customers now, and in the long term. The German-headquartered group has seven plants for these polyalcohols-used in polyurethanes, among other applications-and says it is one of the leading suppliers to various industries. Major uses are in solvent-free or high-solid coatings, as well as in polyurethanes, alkyd resins, plasticisers, artificial leather, cosmetics, or synthetic lubricants. “

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