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Story summary
- BASF SE raised prices for commodity amines in Europe by up to 30%.
- The decision follows a broader trend of price hikes driven by soaring raw material costs linked to the conflict among the United States, Israel, and Iran.
- Amines serve as solvents and catalysts in industries such as pharmaceuticals, personal care, and agrochemicals.
- The higher prices could raise costs for manufacturers and affect pricing across these sectors.
