BASF Raises Prices of Agrochemical Intermediates
19 December 2011 BASF cited raw material costs as its reason for raising European sales prices of ethanolamine and ethylamine intermediates, which are widely used in the production of agrochemicals.
The company has increased its European sales prices for ethanolamines at $65 per metric ton for monoethanolamine, diethanolamine and triethanolamine.
Ethanolamines are high-class intermediates used in the manufacturing process of agrochemicals and wood protectants, surfactants for detergents and cleaning products, process chemicals for gas treatment, lubricants and cement additives as well as active pharmaceutical ingredients.
The company previously raised prices in January 2011 at $130 per metric ton for monoethanolamines and diethanolamines and $143 per metric ton for triethanolamines.
The price increase will also apply to current supply agreements as soon as and to the extent permitted by their terms and conditions.
BASF did not provide a reason for its recent increase. The company produces ethanolamines at its Verbund sites in Ludwigshafen, Germany; Antwerp, Belgium; and Nanjing, China.
The company also raised it European sales prices for ethylamines as follows: Monoethylamine (MEA 70%) increased $40 per metric ton; diethylamine (DEA) rose $78 per metric ton, and triethylamine (TEA) went up $91 per metric ton.
Source: BASF, Edited by Web Editor Stefanie A. Toth
Get The Newsletter Today!
