SINGAPORE: A key raw material used to make everyday plastic products – including medical supplies such as syringes and catheters – is facing supply uncertainty as tensions in the Middle East disrupt global oil flows.
Naphtha, a petrochemical derived from crude oil, is widely used to produce plastics found in items ranging from personal protective equipment to food packaging.
Suppliers say prices of such products are already rising, with some warning that increases could reach as much as 50 per cent.
