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BASF Precious Metals Services expands EIB pricing data to include market updates for Asia Pacific region
By doing so, the company is helping facilitate customers’ metal pricing requirements during Asia Pacific business hours, while also offering downloadable historic pricing data and graphing capabilities to support customer analyses. The Asia Pacific market data supplements BASF’s US-market EIB pricing updates, which are posted online each business day at 10:30 a.m., New York time.
“Previously, customers in Asia Pacific markets who purchase metals on the basis of our daily published pricing data have had to wait until the following business day to learn the EIB pricing applicable to their particular regional metal requirements,” said Mark Barnard, Marketing Director, BASF Precious Metals Services. “We have a large, growing customer base in the Asia Pacific market and the addition of regional EIB data provides customers with same-day pricing information in their time zones, at which they can be assured that the metal they purchase will be in the correct form and purity, delivered on time to the particular BASF facility which is manufacturing their catalysts.”
The EIB is a leading benchmark for industrial buyers of precious metals products. The EIB represents BASF’s spot selling price for catalytic grade sponge or powder, delivered to customers’ pool accounts for use in the production of precious metals-bearing catalysts manufactured by BASF. In addition to the online posting, the company’s platinum and palladium EIB (U.S.) prices have been published daily in The Wall Street Journal for more than 35 years. Platts Metals Week also carries BASF’s rhodium, iridium, and ruthenium EIB pricing data.
BASF is a full service provider of precious metal products and services, leveraging unparalleled market insight and decades of precious metals sourcing, trading and hedging expertise to create a tangible competitive advantage for BASF and its customers.
BASF’s precious metals services are global and vertically integrated. They are available around the world and around the clock to provide strategic solutions for industrial precious metals requirements.
For more information, visit BASF Precious Metals Services.
About BASF’s Catalysts Division
BASF’s Catalysts division is the world’s leading supplier of environmental and process catalysts. The group offers exceptional expertise in the development of technologies that protect the air we breathe, produce the fuels that power our world and ensure efficient production of a wide variety of chemicals, plastics and other products, including advanced battery materials. By leveraging our industry-leading R&D platforms, passion for innovation and deep knowledge of precious and base metals, BASF’s Catalysts division develops unique, proprietary solutions that drive customer success. Further information on BASF’s Catalysts division is available on the Internet at www.catalysts.basf.com.
BASF - The Chemical Company
BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 16,600 employees in North America, and had sales of $18.5 billion in 2012. For more information about BASF’s North American operations, visit www.basf.us.
BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of €72.1 billion in 2012 and more than 110,000 employees as of the end of the year. Further information on BASF is available on the Internet at www.basf.com.
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