GLOBAL FACTORIES SHOCKED Plastic Prices Skyrocket 60% in Just 9 Days as Oil Hits $119 By Vivek Ved | Global Trade Analyst Global commodity markets are witnessing a sudden shock as plastic raw material prices surge dramatically. Within just nine days, plastic granule prices jumped from approximately ₹90–100 per kilogram to nearly ₹150–160 per kilogram. The surge is directly linked to the sharp rise in crude oil prices, which recently touched around $119 per barrel amid rising geopolitical tensions in the Middle East. Related News How Rising Oil Prices Are Impacting Global Manufacturing Plastic Raw Material Costs Hit Record High Why Supply Chains Are Facing New Global Disruptions Manufacturers Warn of Higher Consumer Prices Why Plastic Prices Are Rising Plastic is produced from petroleum derivatives. When crude oil prices increase, plastic production costs rise immediately. Manufacturers cannot absorb sudden cost spikes. Supply chain disruptions ...