Albemarle will lift prices on antioxidants used in lubricants, and Oxea increased prices for several solvents as well as a chemical intermediate used in making lubricants.
Baton Rouge, La.-based Albemarle announced Feb. 28 it will increase the price of its Ethanox 4716 antioxidant on all shipments globally by 25 cents per kilogram effective immediately or as contracts allow.
The antioxidants enhance the stability, improve the performance and extend the storage life of lubricants and fuels.
Oxea of Oberhausen, Germany, increased off-list prices on 2-ethylhexanoic acid by 5 cents per pound in North America and Latin America effective March 1 or as contracts allow.
It is a chemical intermediate for many different industrial applications, including manufacture of lubricants, plasticizers, PVC stabilizers and drying additives for coatings.
The company said it will also continue a 100 percent sales control on all intermediate products. The sales control will be based on the average monthly consumption over the last six months or as allowed by contract.
In addition, Oxea announced price increases of 5 cents per pound on five solvents in the United States, Canada and Mexico, and of $110 per metric ton on four solvents in South and Central America, Asia, Africa and the Middle East. These also went into effect March 1.