Latest news and articles about raw material prices from NEX English
Shin-Etsu Chemical Company announced it will not provide its forecasts for the current year, citing supply constraints and price volatility due to the ongoing war in the Middle East. This decision reflects the significant impact of regional crises on global companies.
Indonesian Minister of Industry Agus Gumiwang Kartasasmita confirmed that the agreement between the United States and Iran to open the Strait of Hormuz will help restore global logistics supplies for plastic materials. This comes as markets face disruptions in raw material supplies.
The construction sector in Britain is experiencing its worst cost pressure surge in three decades due to the ongoing conflict in Iran. Rising fuel and raw material prices are alarming companies and investors alike.
The global plastic industry is facing a new supply chain disruption, raising concerns about negative impacts on markets. This comes at a time when the industry is already grappling with multiple challenges, putting it to a tough test.