Affected by international demand, the price of plastics in the Saudi domestic market surpassed the historical highest price by 25% and reached a record high, which led to the rise in the prices of all plastic products. As the world's oil prices continue to climb, the oil giant has raised the price of basic materials, which has led to an increase in the price of petrochemical products. Sabah Hashim, an engineer at Arab Babiltun Company, mentioned in the analysis of this phenomenon that the rise in plastic prices in the Saudi domestic market was mainly due to rising oil prices, increasing world demand, and the suspension of production and maintenance equipment by some plastic manufacturers. In particular, it is pointed out that the increase in the demand for petrochemical raw materials in some countries, especially China, is the biggest factor in the rise in plastics prices.
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