A confusing picture with oil prices increasing, GBP strengthening, C2 and C3 prices falling, and Styrene Monomer prices increasing significantly.
It will be interesting to see if oil prices remain strong through into early 2017, and if so what impact this will have on feedstock prices at a time when there is typically a push for price increases on the back of strong demand as converters replenish stock and embark on Q1, which is a period not impacted by holidays.
In summary, it looks as if December will prove to be an interesting end to what has been another challenging year.
Please don’t forget that in January we will be publishing the Price Know-how 2016 Review and 2017 Outlook.
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The concept of a user friendly market report came from feedback about an article published in PRW (Plastics & Rubber Weekly) about the 2011 market outlook to which Plastribution made a significant contribution.