Petrochemical prices rise 30% in 6 months, raise packaging costs

October 2013
Popular Plastics & Packaging;Oct2013, Vol. 58 Issue 10, p51
Trade Publication
The article reports on the 30 percent increase in the prices of petrochemicals in less than six months until October 2013. The price increase is said to be influenced by weak rupee, costly crude oil and the increase demand in the U.S. and Europe. According to analysts, higher prices will help producers such as Reliance Industries and Gail India, and will also affect the power, automobiles, aviation and defense industries.


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