German chemical giant BASF has increased prices for numerous pigments by up to 15 % worldwide effective from June 1, 2017. The price increase predominantly affects phthalocyanine and inorganic pigments used in the coatings, plastics and printing industries.
The price adjustments are necessary due to higher raw materials costs e.g. copper, TiO2 or cobalt, as well as further challenging environmental, health and safety costs, the company says in a Press relese.