Lanxess, the German chemical company, is increasing prices by 7% for hydrofluoric acid (HF), a key chemical commodity produced by reacting acid grade fluorspar with sulphuric acid, along with other basic chemicals with immediate effect.
The company attributed the increase to higher raw material and energy expenses. Torsten Hauschild, head of marketing in the Basic Chemicals business unit (BAC), said: “The recent development in oil prices is resulting in significant higher costs for energy as well as for...