18 April 2013 19:50 [Source: ICIS news]
HOUSTON (ICIS)--US-based Sherwin-Williams has lowered its forecast for raw-material costs for 2013, as it now expects them to be flat versus its earlier estimate of a slight increase, a company executive said on Thursday.
Prices for propylene, a key feedstock for resins, latex and packaging, have fallen off of their February highs, Connor said.
As a general rule, changes in propylene costs take about 90 days to filter into the Sherwin-Williams raw-material costs, Connor said.
Those costs, though, filter into solvents much quicker than in resins or packaging.
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