BASF has changed what it charges for ethanolamines (EOA) in Europe for the third time this year.
The German chemicals giant announced that it is increasing what it charges for EOAs – which are used in the production of active pharmaceutical ingredients, agrochemicals, cement additives and a variety of other industrial applications – earlier today.
Effectively immediately BASF will charge €70 per metric ton of monoethanolamine (MEOA), diethanolamine and triethanolamine, in a move that will be applied to existing supply contracts as soon as terms and conditions allow.
BASF – which makes EOA at its plants in Ludwigshafen, Germany; Antwerp, Belgium; and Nanjing, China – did not specify the reason for the increase.
However, speaking to in-Pharmatechnologist.com when it last announced changes to its EOA prices in February the firm cited rising raw materials costs – specifically ethylene and ammonia – as the key factor.
At the time BASF increased its prices for diethanolamine (DEOA) and triethanolamine (TEOA) to €90 per ton, suggesting that it reduced it again in the months between then and today's increase.