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.