BASF boosts formic acid prices
To take effect immediately
BASF headquarters in Germany announced that it is raising prices for formic acid with immediate effect, or as soon as existing contracts allow. The rises amount to an extra 30 Euros per metric ton for 85% formic acid and 40 Euros per ton for 99% formic acid.
In animal nutrition, formic acid is included in products to improve feed hygiene and digestion. It is produced by BASF at sites in Germany and China.