Price hikes continue to wend their way through the lubricants industry, for key ingredients as well as finished products. Dow Chemical recently announced markups in Europe on polyalkylene glycol synthetic base stocks and in the United States for high-temperature thermal fluids. FMC Lithium announced increases for lithium salts, while BASF said it will raise biocide prices.
Dows European subsidiary, Dow Europe GmbH, will raise prices on PAG synthetic lube base stocks by 10 percent, effective July 15. The change applies to products sold under the Synalox, Terralox, Ucon and Oxilube brand names. The company cited strong demand and increased costs as reasons for the increase.
Get alerts when new Sustainability Blog articles are available.