The global plastics market has been hit by a perfect storm that’s hurting the supply of the resins used to make everyday goods — including medical gear — and is driving up costs.
Spot prices for U.S. ethylene and propylene have surged, chemicals-maker Dow noted tight inventory levels and producers of medical supplies and the automotive industry are feeling the squeeze.
Britain’s Pentagon Plastics said scarce inputs made it tough to fill orders, including for the medical sector, while Minnesota-based MedSource Labs is struggling to get disposable gloves for the personal protective equipment kits it sells.
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