Impacted by the recent conflict in Iran, oil prices are soaring, which increases the volatility of plastic and energy costs. Strong
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Everyone was anticipating it, the figures have confirmed the drastic rise in the costs of plastic resins, directly linked to the conflict between Iran and the United States and Israel, which began on February 28. The main reason, the blockage of the now well-known Strait of Hormuz through which 21% of the world's oil usually transits. In March, the Trade Union of Plastic and Flexible Packaging Companies (Elipso) published the latest prices of polymers, which include market disruptions linked to this war in the Gulf. The observation is clear, the prices of the main resins have increased by 10 to 56% within a month. "The market disruptions are brutal and cumulative, with price increases on fuels and plasticized materials, but also risks of packaging shortages. In this multifactorial context, companies will have difficulty absorbing all the increases," says Patrick Falconnier, president of Syndifrais. According to the professional organization of fresh dairy product manufacturers ...