BASF hikes ethanolamine prices for second time in 2011
19 Dec 2011
BASF has raised its prices for three ethanolamines (EOA), key intermediates in the production of a wide range of active pharmaceutical ingredients (API).
The German chemicals giant has increased the price of three key compounds monoethanolamine (MEOA), diethanolamine (DEOA) and triethanolamine (TEOA) by €50 ($65) per metric ton in Europe.
The chemicals – which BASF makes at plant in Ludwigshafen,Germany; Antwerp, Belgium; and Nanjing, China – have a variety of industrial applications in addition to drug production, including in agrochemicals, wood protectants, surfactants, lubricants and cement.
The firm last hiked the cost of its range of EOAs in January, when it upped the price of the three compounds by €100 per metric ton. BASF did not give a reason for the latest price increase.
The
move follows just a few months after the firm increased
what it charges for all active pharmaceutical ingredients (APIs) and drug and excipients by 10 per cent –
the second such increase in a year
.
On both previous occasions BASF said that rising raw material, energy and labour costs prompted the price increase.
Organizations
Indications
-Targets
-Hot reports
Get started for free today!
Accelerate Strategic R&D decision making with Synapse, PatSnap’s AI-powered Connected Innovation Intelligence Platform Built for Life Sciences Professionals.
Start your data trial now!
Synapse data is also accessible to external entities via APIs or data packages. Leverages most recent intelligence information, enabling fullest potential.