HOUSTON (ICIS)--Citing recent increases in raw material costs, BASF is seeking a 5-cent/lb ($110/tonne) US price increase on plasticizers, the company announced on Monday.
The off-list price increase is effective 1 September. BASF stated that pricing will be increased as individual agreements allow.
BASF plasticizers due to increase in price include di-2-propylheptyl phthalate (DPHP) diisononyl phthalate (DINP), also known as Palatinol N, dioctyl terephthalate (DOTP), trioctyl trimellitate (TOTM), dioctyl adipate (DOA) and diisononyl cyclohexane dicarboxylate (DINCH).
Other plasticizer producers have also recently announced proposed price increases, with both ExxonMobil and Eastman Chemical targeting price hikes in mid-August. Plasticizer prices often rise as feedstock propylene prices go up, and initial nomination for US August propylene contract was heard at an increase of 6.5 cents/lb.