BASF increases prices of antioxidants and process stabilizers for plastic applications
Effective today, or as contracts allow, BASF increases prices globally of antioxidants and process stabilizers for plastic applications by 5-10%, depending on the product. These increases are in addition to the increases announced in December.
The price increase is necessary due to a significant increase in prices of major raw materials such as stearyl and lauryl alcohol, phenols, and methyl acrylate which are driven by feedstock price developments in the benzene, propylene, palm kernel oil markets.
BASF is committed to the plastic additives business. However, the recent and anticipated raw material cost escalations and volatility combined with current profitability levels require an increase in prices to sustain BASF’s ability to invest.
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