Dow and Exxon Move to Raise Plastics Prices as Middle East Supply Shock Tightens Feedstocks
Dow Inc. and Exxon Mobil have announced increases to plastics prices amid supply disruptions tied to the US-Israeli war on Iran. Dow plans stepped polyethylene resin hikes through at least May, while Exxon and Nova Chemicals have boosted April price increases. The disruptions, which have stalled marine traffic through the Strait of Hormuz, have pus…