Is it likely that increasing benzene prices, that are already impacting styrenic polymer pricing, will stimulate rapid inflation for engineering polymers?
The impact on polystyrene prices has been significant. Dramatic increases are being implemented across the full range of styrene monomer-based plastics and elastomers, with calls for up to €500 (£435) in one hit for some specialist styrenic polymers.
This price inflation has been driven by benzene, which is a precursor to styrene monomer. It is interesting to note that the Contract Styrene Monomer price pre-empted the move in Contract Benzene pricing, as it was already evident in December that supply was rapidly tightening.
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