“Greed inflation” in industry? “Only a few have increased their prices disproportionately”

Dusseldorf Exactly one year ago, chemical companies were still bursting with energy: demand for their products was high, and customers paid higher prices without hesitation. Chemical companies such as BASF, Lanxess or Covestro were able to pass on the sharply increased costs for raw materials and energy without any problems. Now the situation has turned.

The suppliers of important primary products such as plastics and chemicals still benefited from higher prices in the first few months of this year, as the available quarterly figures show. But their power to determine prices is crumbling, as Markus Mayer, chemical expert at Baader Bank, states.

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