02 December 2013 21:11 [Source: ICIS news]
HOUSTON (ICIS)--BASF will increase sale prices for North America 1,4 butanediol (BDO) and its derivatives effective 1 January or as existing contracts permit, the company announced on Monday.
The products included in the measure are BDO with an increase of 5 cents/lb ($110/tonne, €81/tonne), and tetrahydrofuran (THF) and polytetramethylene ether glycol (PolyTHF), which each will have a 7 cents/lb increase.
BDO and its derivatives are used in the production of engineering plastics, polyurethanes (PUs), solvents and elastic spandex fibres. THF is a high quality intermediate that serves as a specialty solvent in the production of pharmaceuticals.
PolyTHF is used to make elastic spandex fibres for a large variety of textiles, including underwear, outerwear, sportswear and swimsuits. It also a building block for thermoplastic polyurethanes (TPUs) used to make hoses, films and cable sheathing.
Other applications include thermoplastic polyetheresters, polyetheramides and cast elastomers for skateboard wheels and inline skates.
North American BDO prices for Q4 2013 settled in the range of 125-132 cents/lb, according to ICIS data.
It was not clear whether other BDO producers would nominate Q1 increases for 2014. Buyers will also have a say in the upcoming discussions for Q1 settlements.
($1 = €0.74)
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