For the second time in as many months, BASF is raising prices for plastic additives, imposing an additional 25% increase after a 20% hike in March. The increases are largely caused by conflict-related disruptions that have driven up raw material, energy and logistics costs.
The increases add pressure to industries from autos to consumer goods, underscoring how geopolitical tensions are rippling through supply chains and industrial input costs. Read more from Bloomberg. A subscription may be required.
