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Conflicting factors cause confusion for polymer prices.

The polymer markets entered a state of limbo, as a drop in crude oil prices was countered by a fall in the value of the GBP. Not only did the new Omicron variant of the Coronavirus bring with it a very real threat to the fortune of the global economy, but markets took the view that the UK economy was going to suffer to a greater extent, at least in the short-term, and hence the increasing weakness of the GBP against the Euro and the USD. Whilst the did little to offset the falling price of crude oil, it did bring upward pressure to polymer prices and in particular those materials sourced from regions where the USD is dominant.

These macro-economic factors come at a time when the polymer markets themselves are in a state of flux, with producers’ ambitions to maintain, or in some cases increase prices, contrasting against moderate demand and the market desire for lower prices. As will be outlined in the rest of this publication price action is still very much being defined at a granular level where application type can have a significant influence on price/availability.[/vc_column_text][mk_padding_divider][/vc_column][/vc_row][vc_row css=”.vc_custom_1637849700240{padding-top: 25px !important;}”][vc_column][vc_btn title=”Download price know-how (PDF)” style=”flat” color=”green” i_icon_fontawesome=”fa fa-arrow-down” add_icon=”true” link=”url:https%3A%2F%2Fwww.plastribution.co.uk%2Fwp-content%2Fuploads%2F2021%2F12%2Fpla0512_pkh-dec-21.pdf||target:%20_blank|”][mk_padding_divider size=”20″][/vc_column][/vc_row][vc_row fullwidth=”true”][vc_column][vc_raw_html]JTVCZGZsaXAlMjBpZCUzRCUyMjY2NzUlMjIlMjAlNUQlNUIlMkZkZmxpcCU1RA==[/vc_raw_html][/vc_column][/vc_row]