In previous years, the price of oil fell all the way to historical lows, which had a great impact on the plastic bottle industry. For plastic bottle manufacturers, reducing the cost of raw materials has increased the competitiveness of product packaging and other packaging materials such as glass, paper boxes, and so on. However, for the plastic bottle recycling industry, lower raw material prices have caused the plastic bottle recycling secondary material market to lose its living space, resulting in almost no plastic bottle recycling.
However, since the beginning of this year, there has been a clear momentum for price recovery. The continuous rise in the price of oil is a problem that plastic bottle manufacturers need to attach great importance to. Whether or not to hoard raw materials to cope with the rebound in prices and how to reasonably adjust the production prices of plastic bottles is a matter that needs careful attention. For the plastic bottle recycling participants, with the recovery of raw material costs, it will inevitably drive the recycling price of used plastic bottles back up, and the opportunity to grasp the market rhythm will come.
In short, the change in the price of oil, for the plastic bottle industry, from production to recycling are all aspects, and everyone involved in the link should pay attention to treatment.
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