脱-plastic stocks were strong in early trading on the 24th. As the United States and Iran raised tensions over the Strait of Hormuz, concerns that the supply of naphtha, a key raw material, will become unstable appeared to fuel expectations of a knock-on benefit.
As of 9:30 a.m. that day on the KOSDAQ market, Chin Young was trading at 1,144 won, up 264 won (30%) from the previous session. At the same time, Serim B&G (20.55%), Samryoong (23.52%), Hankuk Package (9.08%), and Ecoplastic (9.16%) were also strong.
As the United States continued airstrikes on Iran for 12 days and forecasts emerged that the supply of naphtha, a plastic feedstock, will remain unstable for the time being, expectations grew that corporations with biodegradable materials and eco-friendly packaging technologies will see a knock-on benefit.
Jinyoung has high-performance plastic material technologies, and Serim B&G specializes in eco-friendly food packaging containers and biodegradable films. Samryoong and Hankuk Package are carton-pack manufacturers, and Ecoplastic is expanding the application of eco-friendly materials to interior and exterior automotive parts.