Brent crude oil futures reach $100/bbl after the crisis in the Ukraine took a turn for the worse.
This is the first time since 2014 that oil prices traded above $100/bbl.
With gas prices also rising, it is highly likely that polymers will face another period of cost increases.
Prices for most polymers reached record high levels during the pandemic, supported by strong demand, supply disruptions, and high energy prices.
While demand is waining in some markets, another surge in costs will most probably lead to another wave of price increase for many polymers.