In a bid to pass pass on high raw material and energy costs to the processors, Dow and BASF have announced price hikes in Europe. Strong demand for resins along with high feedstock costs have supported this decision to increase prices.
From 1 February BASF will increase its prices for its Ultramid brand of base polymers, for polyamide 6 and polyamide 66 extrusion and spinning grades and for the feedstock products caprolactam and adipic acid in Europe. Caprolactam prices will be increased by €120 per tonne. Prices for adipic acid will rise by €100 per tonne. Polyamide prices will go up by €120 per metric tonne.
Dow Europe increased prices by €30 per ton for all grades of its low-density polyethylene (LDPE) and high-density polyethylene (HDPE), Dowlex polyethylene resins, Attane ultra low density polyethylene (ULDPE) copolymers, Elite enhanced polyethylene resins and Aspun fiber grade resins. Effective 1 February, Dow Europe will add an additional €120 per tonne for all grades of the same resins. The company will also increase prices by €100 per tonne for all its general purpose polystyrene resins, high impact polystyrene resins and Styron A-Tech polystyrene resins.
31-Jan-06 
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