SABIC Europe to increase May polyolefins prices in Europe
"Following the recent surge in oil prices to over $70 a barrel, a stepped rise in our polyolefin prices over the next few months is inevitable," says Eric Hogenboom, Business Unit Director PP. "Although polyolefin prices have increased gradually over the last few months, the sudden steep increase of our raw material costs puts us in an unsustainable position with current polymer prices," he continues.
"These prices increases must be seen as a first step," says Huub Meessen, Business Unit Director LDPE/LLDPE. "Rather than insisting on a larger, single increase we prefer to implement a series of smaller steps to allow the entire value chain to absorb them".
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