Since the turn of the year there has been a resurgence in the price of many of our major monomers. This is being driven by increases in petrochemical feedstock costs on the one hand and supply side cutbacks on the other, supported by some improvement in demand and rising raw material prices in Asia. We do not see any reversal of this trend in the medium term.
We will therefore be implementing price increases in February, or as contracts allow, on a number of our European emulsion polymer product lines, notably those based on butadiene and styrene, where we have experienced the most significant cost increases.
Our sales teams will follow up during the next few days with more specific detail for our customers.
Ian Anderson
Chief Commercial Officer
Synthomer Group