Due To The Sharp Rise in Oil Prices, Raw Material Costs Have Increased Significantly.

This year, the unstable situation in the Middle East has triggered a sharp surge in crude oil prices. As a result, petrochemical enterprises have been severely impacted, with raw material costs remaining persistently high. Continuous fluctuations in crude oil market keep driving up the costs of petrochemical materials such as PP and PE. In the short term, there is no obvious sign of price reduction for plastic packaging films including food packaging films and color films, imposing enormous cost pressure on the whole industry.