BASF increases prices for Neopentylglycol, Trimethylolpropane and 1,6-Hexanediol in Europe, BASF is increasing the prices of the following polyalcohols with immediate effect or as existing contracts permit in Europe:
Neopentylglycol (NPG) - €80 Euro/mt
Trimethylolpropane (TMP) - €80 Euro/mt
1,6-Hexanediol (HDO) - €100 Euro/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 that is 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.