OIL PRICE RISE
May 1st, 2004
BY ALAN OSBORNTHE RECENT sharp rise in the price of petrol and petro-chemicals has inevitably threatened prices and profit margins in the paint manufacturing industry but the effect is far from straightforward according to leading figures in the industry. This is because paint and coatings manufacturers do not buy oil directly, but products further down the chain such as vinyl acetate monomer and others where impact of higher crude oil prices tends to be muted. Thus although oil pries have been rising sharply since the beginning of the year - up from 25 to 40 ...
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