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Producers Win Polymer Price Hikes in March

from European Plastics News

After falling since the middle of 2014, European standard thermoplastic prices rebounded sharply in March. Producers pushed through margin-extending price increases following a large upswing in petrochemical feedstock costs, better demand and tightening supply. Crude oil prices rose from just less than $50/barrel to around $65/barrel during February. As a result, March petrochemical feedstock contract prices were settled at a substantially higher level. more

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