from the Edge daily 31-07-2006: Plastic resin prices jump 35% By Tamimi Omar
Consumers should brace themselves to pay more for plastic products due to the sharp increase in resin prices and hike in electricity tariff, the Malaysian Plastics Manufacturers Association (MPMA) said. MPMA president Lim Kok Boon said plastic resin prices jumped between 20% and 35% in July 2006 compared with the average prices a year ago due to the strong surge in crude oil and gas prices, leading to higher feedstock prices.
Lim said “The substantial hike in the prices of petrochemical products is due to recent geopolitical developments that have raised concerns over the supply of these products (oil and gas),” the association said in a statement.
Lim said the increase in prices of the resins, which form a major portion of the manufacturing cost of plastic products, had adversely affected the operations of the plastics manufacturers.
“In addition, the 12% increase in electricity tariff rate, which came into effect in June this year, has further exacerbated the already difficult operating conditions of our members,”
Ni macam mana ni, barang semua naik, kiri kanan semua naik tapi gomen masih nak kata inflation rate is low... at 4%, ade ke logiknya when everything shot up mendadak this year. Think fuel price, gula, ayam cukup la.... berapa % naik tahun ni
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