BASF Raises Prices Sharply, Again, as Middle East War Drives Up Costs

By Joshua Kirby

Chemicals giant BASF said it is hiking prices for more of its products in the face of an increase in costs due to the U.S. and Israel's war with Iran.

The German group said Wednesday that it is raising prices of commodity amines in Europe by up to 30%, with some products increasing by even more in price. Amines are used as solvents and catalysts in an array of industries, from pharmaceuticals to personal care and agrochemicals.

"These price increases are in response to the substantial increases in raw material prices, energy and logistic costs due to the military conflict in the Middle East," said BASF, one of the world's largest chemicals suppliers.

The company last week said it would raise prices by up to nearly a third, or in some cases more, for products in its home-care, industrial & institutional cleaning and industrial formulators segments in Europe. That followed a warning from Germany's chemicals association that the war in the Middle East had already begun to take its toll on the industry's supply chain, with an immediate spike in oil and gas prices spreading to other raw materials vital to chemical production.

The price-hikes will be implemented immediately, or as existing contracts allow, BASF said.

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

March 25, 2026 12:39 ET (16:39 GMT)