Raw material costs force BASF into polyamide price hike

02/03/2012
Chemicals manufacturer BASF has announced an increase in the price of its Ultramid extrusion and fibre polyamides in Europe.
 
The polyamides, whose applications include the textile market, will go up in price by EUR 150 per metric tonne with immediate effect.

In a statement, BASF said: "The price adjustment is necessary due to the strong increase in raw material costs. BASF continues its efforts to offset rising costs in a difficult environment. However, the extraordinary market conditions force this price increase."