BASF raises prices of propionic acid in Europe and Asia

Effective immediately, or as existing contracts permit, BASF is raising its prices for propionic acid in Europe by 200 Euro per ton and in Asia by 200 US-Dollars per ton.

BASF claims itself as a leading supplier of propionic acid with production facilities at its Verbund sites in Ludwigshafen, Germany, and Nanjing, China. The major application of propionic acid is feed grain preservation. It is also widely used in the production of pharmaceuticals, crop protection agents, solvents, food preservatives and plastics.