After the Double Festival, the price of plastic packaging bottle raw materials has risen again

With the arrival of the “Golden September and Silver October”, the price of plastic packaging bottle raw materials has begun to rise before the holidays. After the double holidays, the price increase has become even greater. Let’s take a look at the specific situation with the editor of Yusu Packaging.

In November, PP, ABS, and PS increased by 650 yuan, and titanium dioxide increased by 800 yuan/ton. At present, the atmosphere of price increase by manufacturers is strong, and the short-term price increase is supported.

Because domestic daily chemical and cosmetic raw materials have always been subject to the situation of the international market, the sharp rise in plastic raw material prices is inseparable from the strong rebound in crude oil prices. Due to the influence of the US market trend and other natural and human factors, the rebound in the prices of the two oils exceeded 3%, which also brought about a surge in the prices of plastic raw materials.

Due to the rise in raw material prices and the shortage of raw materials, downstream manufacturers such as rubber and coatings have begun to increase prices one after another, and the price increase is expected to continue until the end of the year.