BASF announced price increases for two key intermediate chemicals in the European market on August 12, 2026.
The price for Neopentylglycol (NPG) will rise by €250 per metric ton.
The price for 1,6-Hexanediol (HDO) will increase by €300 per metric ton.
BASF cited global supply-demand imbalances and rising raw material costs as primary drivers for the decision.
Manufacturers use NPG to produce polyester resins for coatings and lubricants.
HDO serves as a critical component in industrial coatings and polyurethanes.
These hikes reflect significant inflationary pressures and tight conditions within the chemical supply chain.
The price adjustments may reduce profit margins for industrial manufacturers dependent on these materials.