Prices will rise by €400 per metric ton for iron oxide pigments from its plant in Krefeld-Uerdingen, Germany, and €200 from the Porto Feliz site in Brazil. Lanxess’ inorganic pigments business unit is also adjusting quotations for chromium oxides.
“The reasons for the adjustments are, in particular, unprecedented challenges with a significant impact on production and logistics,” the company said. “Compared with the previous year, energy prices are at a significantly higher level and are expected to remain high and volatile for the rest of the year, not least as a result of the war in Ukraine. Enormous shortages and cost increases for raw materials and freight capacities are additional burdening factors.”