BASF will increase prices of additives for plastic applications
Golden Ten Data reported on March 4 that BASF announced on March 4 it will increase prices by up to 20% for its global portfolio of antioxidants, processing aids, and light stabilizers used in plastic applications. BASF stated that this price adjustment is mainly due to a significant rise in the cost of key raw materials, inflationary pressure on fixed costs, and increased freight charges.
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