BASF increases prices for neopentylglycol and 1,6-hexanediol in Europe
With immediate effect, or as existing contracts permit, BASF has increased the prices of the polyalcohols neopentylglycol (Neol) and 1,6-hexanediol (HDO) in Europe.
Price increase of BASF’s Neopentylglycol and 1,6-Hexanediol.
The price increase is driven by the global supply-demand situation and rising raw material costs. It is also necessary to support BASF’s ongoing commitment to providing the highest levels of product and service quality while supporting the continued growth of our customers.
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 in the construction of components for automotive lightweight applications.
