GEORGE TOWN: SLP Resources Bhd
says panic buying of flexible packaging materials has increased, as the cost of paper-based packaging materials, container charges, and resin continues to rise unabated.
SLP managing director Kelvin Khaw(pic) told StarBiz that the price surge started about a month ago. For example, he pointed out, the price of paper-based cartons had increased 20% over a span of just one month
“On top of this increase, the cost of resins has gone up by 30% to US$1,350 per tonne currently, compared to around U$950 per tonne in January 2020. The cost shipment has also increased by about 200%, ” Khaw said.
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