Rising prices of plastic materials put a burden on businesses

Plastic resins are made from petrol products, typically PP and PE. Therefore, fluctuations in oil prices have directly affected the price of plastic resins.(File pic shows white plastic resin.)

HANOI: The price of plastic resin has increased sharply following the price of oil, putting pressure on plastic enterprises.

According to data from the global financial portal Investing, the price of polyethylene (PE) resin has increased by 10.4% in the past three months, from Dec 9, 2021 to March 8, 2022. Similarly, the price of polypropylene (PP) resin has increased by more than 10%.