With immediate effect or as existing contracts permit BASF is increasing the prices of the polyalcohols Neopentylglycol (NPG) and 1,6-Hexanediol (HDO) in Europe:
Product Price Increase
Neopentylglycol (NPG) +100 Euro/mt
1,6-Hexanediol (HDO) +150 Euro/mt
Neopentylglycol (NPG) is a high-quality intermediate used, for example, to produce polyester resins for coatings, unsaturated polyester resins, lubricants and plasticizers. 1,6-Hexanediol (HDO) is used to manufacture industrial coatings including lower volatile organic compound formulations, polyurethanes, adhesives, and cosmetics. HDO also serves as a reactive thinner in the formulation of epoxy systems, which for example are used for the efficient production of rotor blades for modern wind turbines, as well as construction components for automotive lightweight applications.