The price of engineering plastics will definitely increase in 2022
2021-12-8
Due to the cost of oil, natural gas and steam coal promoted this year, the price of engineering plastics will definitely increase in 2022, as the main raw material, cable industry will face more pressure!
For now, there are already 6 biggest raw material suppliers have announced their engineering plastics price will increase more or less, BASF, SABIC, POLYPLASTIC, DSM etc......
A cable sales manager from Shenzhen said: “we had had to promote our price twice in this year,we can’t always ask our customer to rise in price mostly so that we had to absorb the cost increased by ourselves! It is a tough time especially the following year”.
