BASF raises prices of formic acid in Europe, Asia and South America

Effective immediately, or as existing contracts permit, BASF is raising its prices for formic acid in Europe 80 Euro per ton, in South America by 80 US-Dollars per ton and in Asia by 50 US-Dollars per ton.

BASF’s customers use formic acid in multiple applications. The ecoefficient acid helps to keep certain feeds fresh and free of salmonellae, removes paints and rust from metallic surfaces and scale from kettles and boilers. In breweries and wineries it disinfects kegs, casks and barrels; applied as an auxiliary in the pharmaceutical and crop protection industry it regulates pH values; in cleaning it acts as dirt remover and disinfectant. Formic acid salts, the so-called formates, serve as high-class de-icing agents and valuable auxiliaries in oil production. BASF is the world’s leading producer of formic acid, with production plants at its integrated Verbund sites in Ludwigshafen, Germany, and Nanjing, China.