Europe: BASF increases prices for Neopentylglycol, Trimethylolpropane and 1,6-Hexanediol in Europe

Product                                         Price Increase
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, which are used for the efficient production of rotor blades for modern wind turbines, as well as construction components for automotive lightweight applications.