Gulf oil shock deepens crisis for Asia’s petrochemicals industry
Japan and South Korea exposed to shortages of key component for plastics
Japan and South Korea exposed to shortages of key component for plastics

Shortage of petrochemical inputs drives up prices of packaging for food and medical products

Woes mount for sector buffeted by high energy prices, weak demand and cheaper Chinese competitors

Iran war leads to shortage of petrochemical feedstock naphtha, prompting plastic makers to hunt for cheaper alternative

Shortage spurs surge in prices and threatens sectors from fertiliser to microchips as impact of war in Iran widens

Middle East conflict is driving many Asian nations in particular to turn to the carbon-intensive fuel

Delegates criticise role of Trump administration in siding with Saudi Arabia and other petrochemical producers