As we move further into 2021, the current global market situation is changing.
Due to polypropylene shortfalls in the US market, cracker maintenance announced by some major suppliers and disturbances in the global transportation network, we are seeing a general market tightening of polymer availability and increases in transportation costs. This is subsequently having an adverse effect on market supply and demand, resulting in rising costs, market prices and limited availability of polypropylene.
While International Fibres Group draw from multiple pre-approved contracted sources of polymers across a range of different suppliers internationally, we are aware that this is a widespread issue affecting the general market and is causing issues in the global distribution of polymer.
As a result, we are experiencing additional demand across some of our production sites. To meet this challenge, we are having to draw on extra polymer resources and pay premiums on transport which in many cases, will affect standard pricing conditions and may influence lead times.
We are currently engaging with our customers on these challenges and to understand their expected requirements through February and March to help us best manage the capacity across our sites and minimize any disruption in the ongoing supply chain.
We thank you for your support and your continued business as we navigate these challenges. If you have any queries or require any further information please contact firstname.lastname@example.org
International Fibres Group