BASF, the world’s leading chemical company, has announced an increase in prices for all polyamide6, polyamide6.6 base polymers, caprolactam and adipic acid by €120 per metric ton in Europe with immediate effect or as existing contracts permit.

“The increase is necessary in order to restore prices to a sustainable level,” the company said on its website.

Traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN), BASF clocked turnover of more than €70 billion in 2015 for its five segments: chemicals, performance products, oil and gas, functional materials and solutions, and agricultural solutions. (NA)