English
Français
EspañolLacking Of Raw Materials In Europe Have Big Influnce For Production
Due to COVID-19 pandemic and corresponding anti-epidemic measures led to a sharp drop in plastic production, in the second half of 2020, market demand for polymers has recovered. Although plastics have begun to increase production, the supply of raw materials has not increased accordingly.
Since December 2020, the situation has become complicated. On the one hand, extreme weather conditions in America have led to a decline in plastic production, which has also affected the European market. Meanwhile, European manufacturers have announced incidents of force majeure in the past few months.
If this situation continues this year, more and more enterprises will have to reduce production, which will lead to a shortage of plastic products, especially for food packaging, construction or automotive parts, etc.
Posted By Leila.
