Spire's six most recent Spirethoughts.

Soybeans set to reap from global health movement
Global disruption of PPE supply chain
Demand for Masks is 10x production capacity
Asia’s demand for Air Purifiers increases as air quality worsens
APAC Silver Tsunami: Ageing Market worth US$4.56 trillion by 2025
Asian Flavours gain popularity

Crude oil prices and the environment

Travel bans created a 33% decline in demand for oil, while the ill-timed price war between Saudi Arabia and Russia led to excess supply of discounted oil. With the world’s oil storage capacity almost full, oil prices are at its lowest point since the 1990s.

This low oil prices could mean that manufacturing new plastic products would be cheaper than recycling them.

Will the recycling industry take a back seat because of higher manufacturing costs?

For media enquiries, please contact:

Marie Teo
Manager, Group Marketing Communications
Spire Research and Consulting
Phone: (65) 6838 5355
E-mail: marie.teo@spireresearch.com

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