British Coatings Federation ceo Moira McMillan has warned that the market is likely to see a further rise in ink prices as a result of the recent surge in the cost of crude oil.
"Members in this sector have flagged up to us the inevitability of further price rises in the face of escalating raw materials costs – rises which are likely to come through in a matter of weeks rather than months, unless there is a rapid easing of the current situation," she says. "One year ago the price of a barrel of Brent Crude was in the region of $32 – now it is hovering around the $60 mark.
"Ink manufacturers have been holding prices while current stocks last, but in a very difficult market they cannot absorb cost increases of this magnitude for any significant length of time."
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