|
 BASF declared force majeure - which suspends a company's contractual
obligations in the wake of disasters that lie beyond its control -
on Wednesday and repairs would take several weeks, a spokesman said
on Thursday.
Patrick Lambert at brokerage Raymond James said in a research note
that DSM, which competes with BASF in vitamins, might benefit
because citral is both a fragrance and one of the building blocks
for vitamins A and E.
While BASF has not declared force majeure on vitamins, vitamin
production could also be at risk depending on the length of the
outage, he said, adding "if this occurs, this would benefit DSM in
global pricing dynamic due to tighter supply conditions".
[to top of second column] |
(Reporting by Patricia Weiss and Ludwig Burger; Editing by Christoph
Steitz)
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