2007 may not bring cheers to processors globally

Volatile energy prices against a backdrop of rising oil prices will conspire to keep polymer prices high in 2007. Despite the fact that oil prices have been hovering at levels of US$60 for the first two months of 2007, several factors will aid in keeping polymer prices at higher levels:
China 's phenomenal economic growth has led to almost 10% growth of polymer consumption. Since China needs to import a significant proportion - over 30%, it has become the most important and influential player globally. The second key factor shaping the polymer industry is the global price of crude oil, which is likely to remain strong in 2007.

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