BASF raises prices for neopentyl glycol and 1,6-hexanediol in Europe

This time, the price of Neopentyl Glycol has been increased by 250 Euros per ton, and 1,6-Hexanediol by 300 Euros per ton.

BASF stated that this price adjustment stems from changes in the global supply and demand landscape as well as the continuous rise in raw material costs. The company also stated that the adjustment is a necessary measure to ensure the continuous supply of high-condition items and stable supporting services to the market, and to support the business development of downstream customers.

BASF Product Overview, Capacity, and Market Layout

Neopentyl Glycol (trade name Neol®, abbreviated as NPG) is an crucial polyol intermediate, broadly applied downstream in coatings polyester resins, unsaturated polyesters, lubricants, plasticizers, and other fields; 1,6-Hexanediol (HDO) focuses on the high-end materials sector, suitable to low-VOCs manufacturing coatings, polyurethanes, adhesives, cosmetic raw materials, and can also be applied as an epoxy resin reactive thinner, applied in the manufacturing of lightweight automotive parts.