Flint Group Provides Insight into Expected Raw Material Cost Developments in 2012

“Crude is also a good example of how raw materials have resisted the current economic conditions to remain at record high prices. Of course there is the tension in the Middle East, but it is demand and speculation that has driven the prices and unfortunately this situation has also been replicated in the costs of many of our own base chemicals such as benzene, toluene, styrene, propylene etc.,” van der Velde adds.