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Customers to pay 40 euros more per metric tonne.
March 2, 2015
By: TOM BRANNA
Editor
BASF is raising prices for formic acid 85% by 40 EUR/mt (or $45/mt) in Europe effective immediately or as existing contracts permit. Prices for formic acid 94% will be increased accordingly on a pro rata basis. Formic acid is a high-quality intermediate used in a broad range of applications. In animal nutrition, for example, it is used as a feed preservative. Potassium formate, a salt of formic acid, is an environmentally sound and highly efficient de-icing agent used on roads and airport r...
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