Plastic product prices likely to rise 50-60% as polymer prices shoot up

Plastic product prices are expected to rise by 50 to 60% from the beginning of April if the war in West Asia continues impacting supply of key raw material mainly crude oil, industry officials said. They said the prices of polymers, derived from crude oil and natural gas, has risen by 50 to 60% in last few days creating concern and margin pressure. Iran-Israel war updates on March 18, 2026 Plastic manufacturers are yet to fully pass on the additional financial burden on their customers as they have been managing with the inventory that was procured well before the war…