Prices Rise for Basic Chemicals as Input Costs Increase

Rising raw material costs and dwindling margins have spurred European and North American producers to increase prices this month. BASF says it increased butanols, butylglycol, and butylacetate prices in Europe by €30/m.t., effective May 25 or as contracts allow. The company also says it increased the price of acrylic acid and acrylic esters by €100/m.t. in Africa, Europe, and the Mideast and by 5 cts/lb in North and South America, effective June 1 or as contracts permit. Borealis says it boosted polyethylene (PE) and polypropylene prices in Europe by...

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