BASF nominates Q3 price increases for BDO and its derivatives

02 June 2014 18:39 Source:ICIS News

HOUSTON (ICIS)--Effective 1 July or as existing contracts permit, BASF will increase prices for North American 1,4 butanediol (BDO) and its derivatives by $0.05/lb ($110/tonne), the company said Monday in a communique.

The products included in the measure are 1,4 butanediol (BDO), N-methylpyrrolidone (NMP), N-ethylpyrrolidone (NEP), gamma-butyrolactone (GBL), tetrahydrofuran (THF) and polytetramethylene ether glycol (PolyTHF).

BDO and its derivatives are used in the production of engineering plastics, polyurethanes, solvents and elastic spandex fibres.

GBL is a high-quality intermediate mostly used by the chemical industry for the production of specialty chemicals such as crop protection products (fungicides, insecticides) and products for beverage filtration and cleaning of circuit boards in the electronics industry.

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 is also a building block for thermoplastic polyurethanes (TPU) used to make hoses, films and cable sheathing.

Second-quarter (Q2) 2014 North American BDO prices settled up in the range of 128-133 cents/lb, according to ICIS data.


By George Martin