Business
Chemicals Giant BASF Hikes Prices Again as Mideast War Drives Up Costs
BASF BAS 2.40%increase; green up pointing triangle said it is raising prices sharply for more of its products, adding to a rash of price hikes among chemical makers as raw-materials costs soar due to the U.S. and Israel’s war with Iran.
The German group said Wednesday it would lift prices of commodity amines in Europe by up to 30%, with some price tags rising even more markedly. Amines are used as solvents and catalysts in an array of industries, from pharmaceuticals to personal care and agrochemicals.
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