Plastic bottle prices climbed by companies impacted

The price increase of crude oil caused by the war between the United States and Iraq caused a dramatic increase in the price of plastics. The cost of the beverage industry, which has a huge demand for plastic bottles, has risen sharply. At present, some small enterprises have failed to support it.

Since last November when the Gulf threatened to attack Iraq, plastic prices have been climbing all the way. For example, the price of PET, the main raw material of beverage bottles, rose from 8,000 yuan/ton to 12,000 yuan/ton now. The price of plastic raw materials is unprecedented. The reason why this happens is that crude oil is the main raw material for plastics and accounts for more than 70% of the cost of raw materials. The inexpensive and affordable Gulf crude oil is the main source of plastic raw materials in China. Yuyao and Taizhou in Zhejiang Province have plastic production bases “China Plastics City” and “Kingdom of Plastic Products”, respectively, and have more than 10,000 plastics production companies. Affected by the price of raw materials, the price of plastic bottles also rose.

According to the sales manager of a famous beverage company in Hangzhou, the current average price of each plastic bottle rose from 0.16 yuan to 0.22 yuan, plus the price of bottle caps and labels, and the cost of each plastic bottle increased by 7 cents. For a drinking water company whose profit per bottle of water is only a few cents, the pressure on 7 cents is already very high.

Will beverages and bottled water rise in price? The operators of the companies think that they will not be. Because the competition is too fierce, it does not dare to increase prices. Therefore, some large enterprises with more plastic bottle stocks can resist temporarily, and small enterprises with no inventory are obviously affected, and some have been unable to support it.

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