Rising Polymer and Crude Oil Costs Squeeze Indian Business Margins
The latest in this situation
How it started
What happened
Polymer prices, a key input for plastics used in products like car parts and electronics, have risen sharply alongside increased shipping costs since late February. The price of Brent crude oil has climbed from $72 to around $114 a barrel since the West Asia war began on February 28. This has driven a 16-41% year-on-year increase in polymer prices in September.
From livemint.com
Why it matters
The rising costs are squeezing the margins of micro, small, and medium enterprises (MSMEs) that use polymers. Many MSMEs have reported halving their margins because they cannot fully pass on cost increases to customers. Furthermore, higher shipping costs are increasing the expense of both raw material imports and finished-product exports.
From livemint.com
Who's involved
- Kunal JainManaging director of ARK Polychem Pvt. Ltd., who commented on margin pressure
- MumbaiLocation where Kunal Jain operates his family office
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.How it developed
Newest first. Tap a step to see who reported it.- Escorts Kubota Limited raised prices and faced margin squeeze due to rising input and commodity costs.Sub-event
Rising raw material prices are squeezing business margins.1 source
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The entities involved
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Kunal Jain
researcher
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