The Raw Material Prices for Tubes Are Increasing Rapidly
In the past twelve months, the prices for aluminium and plastics have risen significantly.
The European Tube Manufacturers Association, etma, reports price increases for the last year (April 2020 – April 2021) by around 60 per cent for aluminium and between roughly 75 to 90 per cent for plastics such as HDPE, LDPE and PP. General capacity cuts in the plastics industry and the rising demand for plastics in the quickly recovering Chinese and US economies have already led to shortages of plastics used in tube production, according to the association. Further information …