CNA938 Rewind - Get ready for expensive Christmas gifts? Rising energy prices in the plastics sector
As the Strait of Hormuz disruption squeezes energy flows, plastics – made from petrochemicals – are caught in the middle. Manufacturers are stockpiling, costs are building, and recovery could take months even after the war ends. Andrea Heng and Hairianto Diman look at how higher oil costs ripple into everyday products, and when consumers will start paying more with Catherine Tan, Senior Manager, Chemical Analytics, ICIS