Lanxess expects oil prices to stay at 100 to 110 dollars
Lanxess expects oil prices to stay between 100 and 110 dollars per barrel. The company plans to raise prices to offset costs while Chinese competition eases.
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LANXESS AG expects oil to trade between $100 and $110 per barrel over the next several months. The forecast follows Middle East conflicts that disrupted fuel and feedstock markets for the chemicals sector. Lanxess plans to pass these elevated energy costs to customers through price increases to protect margins.
