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The Cost of Crude Oil and the Ink Industry

Ink industry purchasing executives keep watch on cost, availability of crude oil and key feedstocks

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Printing ink prices are driven primarily by the prices of its ingredients, and the price of crude oil is typical of the volatility of costs that ink manufacturers have to juggle. Crude oil is essential to key feedstocks, and when crude oil prices rise, so do the cost of feedstocks. A decline in crude oil prices doesn’t always lead to a decline in feedstock prices, though.   In November 1998, the price of crude oil was below $20 per barrel. Contrast that to summer 2008, when crude oil prices ro...

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