Polymer producers raise prices
Change
Polymer producers implemented five price increases between March 1–11 totaling about 59%, after which plastic processors raised product prices by nearly 50% and an estimated 20–25% of Kerala's plastic processing units halted operations.
Why it matters
Kerala has more than 1,000 micro, small and medium plastic processing units, with an estimated 20–25% currently not operating due to capital shortages. Polymer producers raised prices in five rounds between March 1–11, producing cumulative hikes of about 59%. Plastic processors responded by increasing product prices by nearly 50%. Both private and public sector polymer manufacturers raised prices by similar margins regardless of feedstock. Packing-material costs were reported up 25–50%, and most footwear soles were identified as polyethylene-based.
Implications
- • Local processing capacity is reduced as approximately 20–25% of Kerala plastic processors are offline.
- • Packing-material procurement costs have increased, with reported rises of 25–50% for packaging inputs.
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