From Razors to Soda Bottles, Consumer Goods Feel Resin-Cost Burn
Booming prices for resins, the building blocks for plastic, have already helped drive up the cost of making everyday products such as toys, bottles and face masks.
Now the fossil-fuel-derived ingredient could get even more expensive as Russia’s attack on Ukraine raises the risk of higher oil prices, potentially trickling down to what consumers pay for household and personal care products. Brent crude had already risen almost 48% in the last year.
Read the full story here: https://www.bloomberg.com/news/articles/2022-02-25/from-razors-to-soda-bottles-consumer-goods-feel-resin-cost-burn
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