The ongoing war in Iran has raised concerns about the supply and price of petrochemical raw materials and downstream products, including plastics. Lawmakers have said that while CPC Corp, Taiwan, has not experienced any supply shortages, prices for everyday plastic products have already risen, making it harder on consumers. Although raw material prices have risen, the ministry is working to ensure stable supply, Industrial Development Association Director-General Chiou Chyou-huey (邱求慧) said. “Major petrochemical plants have suspended exports to prioritize domestic supply,” Chiou said. There may be illegal stockpiling, in which case the ministry would thoroughly investigate and issue penalties, he added.

Source: Taipei Times March 26, 2026 03:09 UTC