US-Iran War Drives Up Costs; Cheng Loong and YFY to Raise Industrial Paper Prices
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The US-Iran war has led to a surge in costs for shipping, energy, and chemicals. Unable to bear the pressure, paper manufacturers are raising prices. Cheng Loong plans to raise its industrial paper prices in stages in May and June, by about 10%. YFY also stated that it has been coordinating with customers since April to reflect costs on some smaller, higher-cost orders.