The price of stretch film depends on many factors, as well as on any other product. The main component in the price of stretch film is the price of oil. Not just the price of oil on the stock exchange, but also the forecasts of analysts of commodity exchanges about the course of oil prices.
Why is the price of oil? Raw materials for stretch films, as well as other polythenes, are made from oil… this is if we speak in simple language.
The production of raw materials for stretch film is a separate topic. Accordingly, oil refiners (manufacturers of raw materials for stretch film) raise the prices of raw materials.
Another important factor in changing the price of stretch film is the cost of energy resources (electricity, water and other components).
The production of stretch film is very energy-intensive, about 4-6 MW of energy is needed for 3-5 lines.