Are Prices Finding a New Equilibrium After the Devaluation of GBP Following BREXIT?
It is the “market’ drivers that dominate the price play that is currently in evidence. Perhaps the best way to explain what is happening is to look at the Polyefins, Styenics and Engineering Polymers price graphs that appear on the following pages of price know-how, from which readers are likely to either closely relate to the trends, or possibly view that they have not so far borne witness to such an upward price trend. And here the point of differentiation will be the currency in which readers purchase material, because the methodology to generate the graph data is to take the Euro price and apply the prevailing exchange rate, which given the devaluation of GBP, instantly inflates the price levels from immediately after the BREXIT vote at the end of June.
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A monthly publication looking at key factors that affect UK polymer markets.
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.