Consumables
BASF increases prices of antioxidants and process stabilizers for plastic applications
Friday 04. March 2011 - 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 BASFs ability to invest.
BASF, as the leading supplier for plastic additives, intends to secure future product availability, supply reliability, continuity in quality, service and innovation to best meet our customers needs and market conditions.