Media
BASF Precious Metals Services to publish U.S.-market EIB pricing data earlier in the trading day
This change will have no impact on the company’s Asian EIB market updates, which will continue to be posted each trading day at 2 p.m., Tokyo time. All EIB metals pricing updates are published on the company’s precious metals website: http://apps.catalysts.basf.com/apps/eibprices/mp/.
“BASF’s sales volumes at our benchmark EIB price have grown significantly over the years,” said Mark Barnard, Marketing Director, BASF Precious Metals Services. “Our ability to manage the associated price risk requires access to peak liquidity, which in our experience generally occurs between 9 a.m. and 9:30 a.m. each business day. By aligning the timing of when we set the EIB with peak market liquidity, we can optimize the metal sourcing process for our customers.”
The EIB has long been recognized as 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 at BASF locations worldwide. 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.
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 .P-13-375