Crude price pressure on paints
Paint manufacturers are keeping a close watch on rising crude prices and the falling rupee.
A sustained spike in oil prices and currency volatility could impact the input prices of paint, thereby affecting margins and prompting manufacturers to consider a price hike.
Crude oil derivatives are the key raw materials for paint manufacturers and some of the derivatives are sourced from the overseas markets.
A fluctuation in crude oil prices along with a volatile currency push up the raw material cost for the manufacturers who can either absorb the shock or pass it on to consumers.
