BASF, Oxea Raise Prices


Oxea and BASF each raised prices for several chemicals used in lubricants.

BASF of Ludwigshafen, Germany, recently increased prices in Europe for the polyols neopentylglycol and trimethylolpropane by 100 (U.S. $132) per metric ton or as existing contracts permit.

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Oxea outlined list and off-list price increases for its carboxylic acids, olefin derivatives and poly alcohols, along with off-list price hikes for solvents, effective Jan. 1 or as contracts allow. The carboxylic acids price increases are by 80 to 150 per metric ton in Europe, and by 8 to 10 cents per pound in the Americas. Olefin derivates prices will go up by 10 cents/lb. in the Americas. Oxea will increase its polyol prices by 6 to 10 cents/lb. in the Americas.

The Oberhausen, Germany-based company will raise its prices for solvents by 5 cents/lb. in the U.S., Canada and Mexico; by $110/ton in South and Central America; and by $110/ton in Asia, Africa and the Middle East.

Carboxylic acids and olefin derivatives are used in synthetic lubricants. Polyols into lubricants and polymer additives.

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