28-04-2022, 07:59 AM
WDK expects double-digit increase in raw materials prices in second quarter
Frankfurt, Germany – The German rubber industry association (WDK) has warned that an anticipated ‘explosion’ in raw materials prices threatens the existence of many players in the sector which has already reached 'load limit'.
Compared to last year, which was already highly priced in comparison with prior years, the level of price increases go beyond 40% and up to 75%, he added.
In addition, the economist noted a ‘huge price increase’ of 20% for carbon black and 30% for chemicals and oils in April alone.
"At the beginning of the second quarter of 2022, WDK data consistently show double-digit growth rates in the costs of raw materials used in rubber processing,” he said.
'For a few days now, all rubbers and products made from them [Russia] have been listed.
'Already now, every second company in the rubber industry has to forego any margin on its products and 15% of the companies are already drawing on their equity reserves,' Engelhardt said.
https://www.european-rubber-journal.com/...es-explode
Frankfurt, Germany – The German rubber industry association (WDK) has warned that an anticipated ‘explosion’ in raw materials prices threatens the existence of many players in the sector which has already reached 'load limit'.
Compared to last year, which was already highly priced in comparison with prior years, the level of price increases go beyond 40% and up to 75%, he added.
In addition, the economist noted a ‘huge price increase’ of 20% for carbon black and 30% for chemicals and oils in April alone.
"At the beginning of the second quarter of 2022, WDK data consistently show double-digit growth rates in the costs of raw materials used in rubber processing,” he said.
'For a few days now, all rubbers and products made from them [Russia] have been listed.
'Already now, every second company in the rubber industry has to forego any margin on its products and 15% of the companies are already drawing on their equity reserves,' Engelhardt said.
https://www.european-rubber-journal.com/...es-explode