BASF raises NPG prices in Europe, adding cost pressure for synthetic lubricant makers

BASF SE has announced an immediate increase in the price of neopentyl glycol (NPG), marketed under the Neol® brand, in Europe, effective immediately or as existing contracts permit. The polyalcohol intermediate, a critical building block for lubricants, plasticisers, and polyester resins used in coatings, will rise by EUR 350 (USD 405.76) per metric tonne….

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