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BASF Increases Prices for Neopentyl Glycol and 1,6-Hexanediol in Europe

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November 30, 2021

LUDWIGSHAFEN, Germany — BASF recently announced that the company is increasing the prices of polyalcohols neopentyl glycol (NPG) and 1,6-hexanediol (HDO) in Europe with immediate effect or as existing contracts permit. NPG will increase €400/mt; HDO will increase €1.000/mt.       

NPG is a high-quality intermediate used, for example, to produce polyester resins for coatings, unsaturated polyester resins, lubricants and plasticizers. HDO is used to manufacture industrial coatings including lower VOC formulations, polyurethanes, adhesives and cosmetics. HDO also serves as a reactive thinner in the formulation of epoxy systems, which for example are used for the efficient production of rotor blades for modern wind turbines, as well as construction components for automotive lightweight applications.

Learn more at www.basf.com. 

KEYWORDS: price increases raw materials

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