Daily Industry & Raw Materials Briefing — April 8, 2026
The ongoing conflict in the Middle East is rattling oil supply chains through the Strait of Hormuz, causing a ripple effect of raw material shortages across Asia. Naphtha prices are skyrocketing, driving up costs for food packaging, while WTI front-month spreads have hit record levels due to short-term supply anxiety. Amidst this volatility, the beauty industry is seeing high-tech collaborations, like the one between Daebong LS and BASF, though overall business uncertainty remains high. [Source: https://sedaily.com/article/20028602] [Source: https://mk.co.kr/news/stock/12010501] [Source: https://geconomy.co.kr/news/article.html?no=318894]
12 min read/15 sources
