BASF increases price for formic acid and propionic acid

19-03-2002: Effective April 1st 2002, BASF will increase its European prices for Formic acid. The new list prices are as follows: € 570 / t for 85% concentration and € 690 / t for 99 -100% concentration in bulk each.

This is the first price increase for Formic Acid in the last few years. The adjustment becomes necessary as a response to an unsatisfactory profitability.

Obligations of running contracts will be fulfilled. Nevertheless the prices for contractual business will be adjusted as soon as possible.

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BASF increases prices for propionic acid

Effective 1st April 2002, BASF will increase its prices for propionic acid in Europe by 0,05 €/kg, as far as existing agreements allow. Also affected by this increase are all products, mixtures and salts based on propionic acid.

This adjustment becomes necessary due to unsatisfying margins.