IJEIRC
Vol. 1 No. 4 (2024): International Journal of Economic Integration and Regional Competitiveness

ANALYSIS OF THE EFFECT OF OIL PRICES ON PRICES OF PLASTIC SEED RAW MATERIALS

Maula Tri Wahyuni (STIE Mahardhika Surabaya)
Trias Marita Uswatun Chasanah (STIE Mahardhika Surabaya)
Risqy Maudy Inayah (STIE Mahardhika Surabaya)
Menur Kusumaningtyas (STIE Mahardhika Surabaya)



Article Info

Publish Date
18 Apr 2024

Abstract

This research aims to analyze how the price of petroleum influences the price of plastic pellet raw materials. The method used is linear regression analysis to evaluate the relationship between crude oil prices and plastic pellet raw material prices, taking into account other factors such as government policy and production efficiency. The research results show that there is a significant positive correlation between the price of petroleum and the price of plastic pellet raw materials. These findings emphasize the importance of effective risk management and purchasing strategies for companies in the plastics industry to deal with fluctuations in petroleum prices. This research can provide important insights for stakeholders in the plastics industry to optimize strategic and operational decisions.

Copyrights © 2024






Journal Info

Abbrev

IJEIRC

Publisher

Subject

Economics, Econometrics & Finance

Description

International Journal of Economic Integration and Regional Competitiveness - researches the broad scope of competitiveness policies and practices across destinations and all regions of the world. With emphasis on mechanisms of economic integration, financial development, creation of prosperity and ...