BASF increases BDO prices by €400/mt, according to a press release posted on the company’s website.
Butanediol (BDO) is a key raw material for polybutylene terephthalate (PBT). BDO prices posted big increases during the past year, taking prices to substantially above €4,000/mt.
During the past year, BDO suffered supply issues and increasing costs. Lately, the rise in electricity prices added an additional burden on costs.
At the same time, demand for derivatives such as PBT increased during the pandemic because of a surge in consumer spending driven by the lockdowns.
As the pandemic threatens to continue into next year, demand from sectors such as electrical and electronics and construction should continue to find support.