27 May 2002 16:52 [Source: ICIS news]
LONDON (CNI)--German chemicals and life sciences group BASF announced on Monday a Euro100/tonne price increase for all types of ethanolamines in Europe.
BASF told CNI that the increase, which takes effect immediately or as contracts permit, is around 10%. Current ethanolamines prices vary between about Euro1000 (about $923) and Euro1400 a tonne.
In a statement, BASF blamed the price rise on greatly increased raw material and distribution costs, and unsatisfactory product margins.
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