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In the recent past, under the influence of environmental pressure and other factors, plastic materials have once again entered the rising channel. The reporter recently learned that, in two months, the maximum increase in the price of plastic raw materials exceeded 20%.
Price increase: the highest increase of more than 20%
At the end of 2017, there had been a slight decline in the price of raw materials, but since the beginning of 2018, the prices of raw materials have risen in an all-round way, and the plastics industry has grown up. Since the beginning of this year, plastic raw material prices have shown a trend of rising across the board, and some plastic raw materials have risen by more than 20% in two months. Under the environmental supervision activities conducted in China for the first time, the overall operating rate of the recycled plastics industry has continued to be low in recent years. Life-source waste plastics have been banned at the end of 2017, and industrial sources will be completely banned by the end of 2018. The entire imported plastics industry will soon become history.
Impact: impact on the plastics industry chain
The price of plastic raw materials has risen. First, plastic raw material traders have been affected. At present, many plastic raw material traders are generally faced with financial pressure, which also makes them afraid to sell large quantities of goods. For many small and medium-sized plastic raw material traders, upstream raw material suppliers have increased their prices, and they have also been forced to transmit price pressures downstream. This has also affected the plastics industrial chain. Some downstream companies began to seek foreign suppliers under cost pressure, and some orders were taken away by suppliers in Southeast Asia and other foreign regions.
Respond: Speed up R&D of high value-added products
In this round of price hikes in plastic raw materials, some companies have suffered relatively little due to their early deployment.