Arise in upstream costs towards the end of March fed through into polyole-fin feedstock contract prices last month. Plastic producers wasted no time in announcing further planned price increases, including an element for margin improvement on top of their higher cost base. However, polymer buyers were not prepared to pay quite so much and managed to limit the actual price rise in line with the rise in monomer costs. Their cause was assisted by the Easter break, an easing in upstream costs as the month progressed and more than adequate stock levels at converters.
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