Economy, Business And Markets
0

Middlemen Cause Shortage in Packaging Raw Material

Middlemen Cause Shortage in Packaging Raw MaterialMiddlemen Cause Shortage in Packaging Raw Material

Recent rough patches in the petrochemical market are the result of middlemen rushing to make a quick profit.
Following volatility in primary and secondary forex markets, petrochemical markets have been in turmoil, particularly with regard to polyethylene terephthalate (PET), which is the raw material used in the production of water bottles, as well as oil and food containers. 
Not only is the material gaining in value every day, but it is also in very short supply, IRNA reported.
 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com