Raw Material Prices Syria–Crisis Impacts Prices for Raw Materials and Petrochemicals

Editor: Wolfgang Ernhofer

Syria clouds the global market outlooks: The global prices for raw material rose by 2.5 % during August (based on US dollar values)...

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Global raw material prices
Global raw material prices
(Picture: IKB; Deutsche Bank)

Although Syria is no major producer of crude oil, its vicinity to the Arabian oilfields and the discussion of a military intervention affects crude prices. In the wake of the increase, naphtha prices stabilize with rising tendencies. As naphtha and ethylene prices increase, plastics and polymer industries will see rising price pressures.