International Crude Oil Prices Effect Cost of Medical Package

Recently, the rising prices of international crude oil has effected the costs of China medical package industry.

For example, compared with last year, prices of the glass raw materials increased by 35% to 40%. Russian halogenated butyl rubber prices almost doubled, now offer 5,100 to 5,500 US dollars / ton, and a very tight supply. The prices of halogenated butyl rubber offered from Exxon and Lanxess rose an average of 25% to 30%, to 4,5000 US dollars / ton.

Exxon Mobil Corporation also said that if the prices of crude oil have been rising, the prices of halogenated butyl rubber will increase 5% to 10%.

Originally Posted: China Business Daily
Author: Angulo Fu