Plastic is a popular material because of its many uses and affordability. It is used to manufacture hundreds of thousands of different products, such as shoes, construction materials, medical equipment, etc. Several factors influence the price of plastic, causing it to fluctuate constantly. Let's look at the article below to better understand the situation and find useful advice for both businesses and customers!
1. Why do plastic prices keep changing?
1.1. Crude oil price affects the plastic price
The rising price of crude oil will raise the plastics production cost, as will their selling price. Furthermore, this will raise the cost of transportation, affecting the logistics of various items and increasing overall pricing.
Global container freight rate index from the 12th of January 2023 to the 23rd of May 2024 (in US dollars per 40-foot container)
1.2. Environmental regulations make the plastic price keep changing
Those governing recycling and waste management may significantly raise the cost of producing plastic. It may require investments in new technology or processes, which raise manufacturing costs.
1.3. Manufacturing methods and processes- factors that affect plastic price
The plastic production process varies depending on the materials, equipment, and methods used. For example, injection molding costs more than blow molding, which is used to make PET bottles. As a result, the manufacturing method and nature of the product have a significant impact on the overall cost. Other factors, such as renting, labor, and equipment maintenance, can also affect the plastic price.
2. What should we do while the plastic price keeps changing?
Find alternative suppliers: Because plastic prices are unstable, businesses should always explore and negotiate with multiple suppliers. As a result, production will continue as usual.
Keep up with the market: Raw material prices, such as crude oil or natural gas, have a significant impact on production costs.
Invest in material and design innovations: Having a wide variety of materials and design options allows you to create your desired products with the same quality and functionality. So, there's no reason to stick with one option, especially as plastic prices rise. In the photo below, StarPoly invested in a new production line to maximize capacity and enhance product quality.
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Filler masterbatch production line at StarPoly factory
Pay attention to environmental regulations and eco-friendly materials: Use recycled materials whenever possible to promote sustainable development.
3. Why using filler masterbatch is a solution while the plastic price keeps changing?
Firstly, using filler masterbatch reduces production costs, which leads to a price advantage. Calcium carbonate is less expensive than polymer resins. By adding filler masterbatch in the formulation, you can reduce the amount of expensive polymer resin required, resulting in cost savings.
Secondly, the melt flow temperature of filler masterbatch is lower than polymer resin, which leads to lower power consumption in production and cuts down production expenses.
Thirdly, regarding environmental benefits, using filler masterbatch can be more environmentally friendly because it reduces the use of polymer resins derived from petrochemicals. This can help to reduce the environmental impact of plastic products. For example, a plastic bag made of PE filler masterbatch and resin decomposes faster than a plastic bag made from 100% plastic resin (since calcium carbonate powder decomposes faster than polymer resin).
4. StarPoly Vietnam manufactures and supplies filler masterbatch while the plastic price keeps changing
StarPoly supplies filler masterbatch for key players of plastic manufacturers in Africa and South Asia. We also have partners from Europe and South America.
We provide products:
Here is the wide variety of applications for our products:
Blown film production: PE bags and film
PP woven production: cement bags, rice bags, flour bags, FIBC bags, jumbo bags, sacks…
PP spun-bond nonwoven:
Face masks, Surgical drapes & wraps, Bed linen, Shoe covers, Disposable isolation gowns, Bouffant caps…
Personal Care & Hygiene: Baby diapers, Adult incontinence, Sanitary napkins…
Agriculture: Greenhouse shadings, Crop covers and plant protection, Fruit & vegetable covers…
Household and furnishing: Tablecloths, Rug underlay…
Clothing and Shoes: Disposable underwear, Protective & working clothes,
Packaging: Shopping bags…
Injection molding products: plastic hangers, plastic chairs, and tables, bottle caps, plastic bottles…
Blow molding: HDPE bottle, HDPE water tank…
Thermoforming: plastic cups and trays, plastic cutlery…
For placing an order and free consultation, please contact us now!
Alison Taylor (Ms)- StarPoly’s Technical Sales Executive
WhatsApp: +84 82 766 1263
Email: Alison@starpoly.vn/ sales6.starpoly@gmail.com
Skype: Sales6 StarPoly (Ms Alison)