June 18, 2010
BASF raises prices for formic acid
Press Release
BASF is raising its prices for formic acid in Europe effective immediately, or as existing contracts permit.
Formic acid is used in animal nutrition to improve feed hygiene and digestion. It is also used as an auxiliary in pharmaceuticals and crop protection, as it regulates pH values. Price increases are as follow:
Formic acid, 85%: +EUR37/tonne (US$45)
Formic acid, 99%: +EUR49/tonne (US$60)
BASF is the world's leading producer of formic acid, with production plants in Ludwigshafen, Germany, and Nanjing, China.
