Industry News, Price Increases, Suppliers News

BASF Increases Prices for Neopentylglycol, Trimethylolpropane and 1,6-Hexanediol in Europe

Price increases impact key intermediates.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World

BASF is increasing the prices of the following polyalcohols with immediate effect or as existing contracts permit in Europe:
 
• Neopentylglycol (NPG) – €200/mt
• Trimethylolpropane (TMP) – €200/mt
• 1,6-Hexanediol (HDO) – €100/mt
 
Neopentylglycol (NPG) is a high-quality intermediate used, for example, to produce polyester resins for coatings, unsaturated polyester resins, lubricants and plasticizers. Trimethylolpropane (TMP) is a high-quality intermediate used primarily for the production of alkyd resins, which are used in paints and coatings. It also serves to produce lubricants.
 
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.

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