LANXESS hikes sulfur-based product prices 40%
Key highlights
- LANXESS raises prices of sulfur-based products by an average of 40% effective immediately.
- Affected products include sulfuric acid, oleum and sodium bisulfite.
- Move follows higher sulfur, logistics and energy costs driven by ongoing geopolitical tensions.
Price increase
LANXESS is raising prices for its Advanced Industrial Intermediates unit's sulfur-based products by an average of 40% with immediate effect.
Scope
Affected products include sulfuric acid, oleum and sodium bisulfite, among others.
Reason and impact
Ongoing geopolitical tensions have driven significantly higher sulfur, logistics and energy costs, prompting an unscheduled price adjustment deemed necessary to ensure long-term reliability and sustainability of supplies despite prior efforts to keep prices stable.
Source: Lanxess