Basf Announced Price Increases For Its Products

Global Silicone Network News:

News from many media: Starting from September 1, 2020 or the time allowed by the contract, BASF will increase the price of all Lupranate MDI products by 0.12 USD/lb.

BASF is a German chemical company and one of the largest chemical plants in the world.

MDI is a chemical product with a very high technical threshold. It has long been controlled by chemical giants such as Dow and BASF. But the largest MDI manufacturer in the Asia-Pacific region is Wanhua Chemical.

Lupranate MDI is a liquid diphenylmethane diisocyanate.Lupranate MM103C can be used as isocyanate component to produce microporous elastomers.At the same time, the product can also be mixed with polyether polyols with high molecular weight to prepare soft bubble, semi-hard bubble and self-skin products.It can also prepare prepolymers for use in elastomers, sealants, adhesives and coatings.

Statistics show that BASF’s sales in the second quarter of 2020 were 12.680 billion euros (the second quarter of 2019: 14.478 billion euros), a decrease of 12.4%. The EBIT, excluding special items, reflecting the BASF Group’s operations in the second quarter of 2020, was 226 million euros, which was higher than market expectations and within BASF’s expected range, but it fell sharply from the same period last year (the second in 2019). Quarter: 995 million euros).

For 150 years, BASF has been committed to creating new chemical effects. The company's products include chemicals, plastics, specialty products, crop protection products, and crude oil and natural gas.