BASF seeks price hike for ethanolamines

30 September 2004 17:10  [Source: ICIS news]

LONDON (CNI)--German chemicals giant BASF on Thursday announced it is seeking to increase European prices for ethanolamine, ethylene amine and isopropanolamine, with immediate effect or as contracts permit.


The company is asking an extra Euro50-150/tonne for ethanolamines and ethylene amines. The isopropanolamine price would go up Euro50-100/tonne.


The products are intermediates used mainly in the manufacture of surfactants.


BASF justified the increases by citing "unsatisfactory margins and increasing raw material prices". It declined to say how much the increases represented in percentage terms.


In August, monoethanolamine was quoted in Europe at Euro960-990/tonne after a Euro60-70 price increase in the third quarter, while diethanolamine was around Euro900-910/tonne. 

By: Peter Mitchell
+44 20 8652 3214

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