The impact of the post-epidemic era on the plastics market

2021-04-29(Source: NHH)

The Global pandemic of the COVID-19 has been running more than years; the demand of plastic material has suddenly increased by the start of July, 2020 from all around the world. Since the manufacturing market in China has recovered rapidly, still the other countries in South Asia area(s) have been affected by the COVID-19, in the result of the plastic materials was in short supply at that time. The cargo shortage occurred coincidentally at the beginning of this year. It caused that the sea shipment of plastic material was not able to ship and stranded in the place of production. The predication from the market experts, the supply of plastic material will be continuing shortage till the end of 2021.

According to market forecasts for 2021, the supply of plastic materials in the Global market will be still in short supply and tight, and the price keeps remained in the high level.