LANXESS iron oxide pigment price increase

Germany's LANXESS Company announced on December 14th that it would increase the price of iron oxide pigments on a global scale, with an increase of no less than 110 euros per ton. With the removal of the signed fixed contract, the price increase will take effect immediately.
LANXESS stated that high raw material costs and high energy and transportation costs are the main reasons for the rising prices of inorganic pigments. LANXESS iron oxide products are marketed under the Bayer, Bayoxide, and Colortherm brands, and their excellent performance makes them the first choice for construction, paint and coatings, plastics, paper, and toner industries.

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