Specialty chemicals company LANXESS is raising the prices of its Advanced Industrial Intermediates business unit’s sulfur-based products by an average of 40 per cent with immediate effect. The affected products include sulfuric acid, oleum and sodium bisulfite, among others.Ongoing geopolitical tensions have led to significantly higher costs in particular for sulfur, logistic and energy costs. That requires a price adjustment outside the regular schedule.
LANXESS has increased prices of sulfur-based products by around 40 per cent with immediate effect, citing rising sulfur, energy, and logistics costs amid geopolitical tensions.
The hike covers sulfuric acid, oleum and sodium bisulfite, and aims to ensure long-term supply reliability despite efforts to maintain stable pricing.
The adjustment reflects mounting pressure across global chemical sector.
Despite intensive efforts to maintain stable prices, an adjustment is necessary to ensure the long-term reliability and sustainability of supplies.
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