BASF raises European formic acid prices by €250/MT
Key highlights
- Formic acid price in Europe increased by €250/MT.
- The increase is effective immediately or as existing contracts permit.
- Formic acid is used to acidify and microbially stabilize feed, silage and drinking water, and as a chemical process agent or intermediate.
Price increase
BASF increases selling prices for formic acid in Europe by €250/MT.
Effective date
The increase is effective immediately or as existing contracts permit.
Applications
Formic acid is used for acidification and microbial stabilization of feed, silage and drinking water, helps control undesirable microorganisms and supports improved feed hygiene, and is used in the chemical industry as a process agent or intermediate.
Source: BASF