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BASF raises intermediate prices
Mar. 4, 2008
BASF is raising its prices for ethylhexylamines and carboxylic acids, which are used in agrochemical production. The company cites high raw material and energy costs, and a sustained demand for these products, for driving the increases. BASF has upped the prices of two of its carboxylic acids: 2-ethylhexanoic acid (2-EHA) and propionic acid, by Euro 40 ($60.5) per tonne in Europe with immediate effect. The company claims to be one of the world's leading 2-EHA producers and the leading supplier of propionic acid. It produces 2-EHA at its German Ludwigshafen site, while it manufactures propionic acid in Germany and in Nanjing, China. The company has raised its European ethylhexylamine prices by Euro 50/tonne, or equivalents in national currencies as contracts allow, for 2-ethylhexylamine and for di-2-ethylhexylamines with immediate effect.
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