BASF said it will increase its prices for all BUTONAL and BUTOFAN styrene-butadiene high and medium solids latex products by up to $US 0.07 per wet pound in the United States and Canada, effective May 21. BUTONAL and BUTOFAN products are used as ingredients for various applications in the adhesives, carpet, construction, fiber bonding, automotive and foam markets.
The price hike is necessary to offset increases in the prices of raw materials, in particular butadiene, according to BASF.
BASF to raise latex product prices on May 21
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