General Progress Of Bayer MDI Products Price Increase In 2008

Dow Chemical, BASF, DuPont and other chemical companies have announced the price increase of products, thus offset the rising cost of energy and raw materials.

For Basf Inc, one of the largest chemical companies in the world, 2008 is also a year of rising prices for products.

Since the beginning of 2008, the news of BASF's price increase in various parts of the world has been coming continuously. As of now, the price of products in many places has been raised for the two time.

For example, Bayer has increased its price for polymerization and monomer MDI products in Europe, Middle East and Africa. Since August 1st, Bayer has increased its price of euro, Middle East and Africa polymerization and monomer MDI products by 0.10 euros / kg.

The increase is caused by rising raw material costs and energy costs.

The price increase is also the second increase in Bayer's price for polymers and monomer MDI in Europe, the Middle East and Africa.

The following is a summary of the progress of Bayer's product price increase in 2008: Bayer Material Technology Desmodur Pu European price increase in February 1, 2008, Bayer Material Technology will increase the price of polyurethane products sold in EMEA area (Europe, Middle East and Africa) since February 1, 2008.

The increase is mainly related to the two major product types of the company, namely aliphatic isocyanate derivatives (Desmodur N, Desmodur BL) and aromatic polyurethane (Desmodur L L, Desmodur IL IL and Desmodur HL HL).

Among them, aliphatic isocyanate derivatives cost 0.40 euros per kilogram, and aromatic polyurethane prices increase by 0.15 euros per kilogram. The above price increases are the minimum price for products.

According to official interpretation of Bayer Material Technology, the price increase is mainly due to the increase in raw materials, energy and other costs. The supply and sales contract signed will not be affected by this price increase.

Desmodur L and IL are key raw materials for the application of wood and furniture coatings.

Desmodu rN was originally used as a polyurethane raw material for automotive, industrial and plastic coatings.

Bayer Material Technology is one of the largest polymer producers in the world, with sales of 10 billion 160 million euros in 2006 (except HCStark and WolffWalsrode).

Bayer materials technology's main business areas are the production of high-tech polymer materials and the development of innovative solutions for many commonly used products in daily life.

Its main consumers come from automotive, electrical engineering / electronics, construction, sports and leisure fields.

By the end of 2006, Bayer technology has about 30 production bases around the world, with a total of more than 14900 employees.

Bayer material technology belongs to Bayer Group.

Since June 16, 2008, Bayer has increased its price for Euro, Middle East and Africa polymerization and monomer MDI products by 0.08 euros / kg.

The increase is caused by rising raw material costs and energy costs.

As oil and other raw materials prices continue to rise, Bayer Material Technology announced in Hongkong, China in June 6, 2008, its thermoplastic polyurethane resin products began to raise prices from July 1st, the price range of 0.15 to 0.3 dollars per kilogram.

The price increases include all thermoplastic polyurethane brands in the Asia Pacific region.

It is also reported that Bayer Material Technology announced the price adjustment this time, in order to ensure that the company can carry out long-term investment and R & D in the Asia Pacific region, and provide innovative solutions, high-quality technical support and customer based services.