Minister of Economic Affairs: 5,000 Tons of Affordable Project Supply Plastic Packaging Materials; Plastic Reduction Incentives Not Ruled Out
Key facts
- Minister of Economic Affairs: 5,000 Tons of Affordable Project Supply Plastic Packaging Materials; Plastic Reduction Incentives Not Ruled Out
- Minister of Economic Affairs Kung Ming-hsin announced that CPC Corporation has launched a "price-friendly project" for 5,000 tons of polyethylene to ensure stable supply of plastic packaging materials, and is considering plastic reduction incentives to address market shortages and price hikes for plastic bags.
- Source: PR Times
- Date: April 7, 2026
Direct answer
Minister of Economic Affairs Kung Ming-hsin announced that CPC Corporation has launched a "price-friendly project" for 5,000 tons of polyethylene to ensure stable supply of plastic packaging materials, and is considering plastic reduction incentives to address market shortages and price hikes for plastic bags.
- Citation
- Minister of Economic Affairs: 5,000 Tons of Affordable Project Supply Plastic Packaging Materials; Plastic Reduction Incentives Not Ruled Out (April 7, 2026), PR Times
- Source
- PR Times
- Date
- April 7, 2026
Minister of Economic Affairs Kung Ming-hsin announced that CPC Corporation has launched a "price-friendly project" for 5,000 tons of polyethylene to ensure stable supply of plastic packaging materials, and is considering plastic reduction incentives to address market shortages and price hikes for plastic bags.
📋 Article Processing Timeline
- 📰 Published: April 7, 2026 at 19:09
- 🔍 Collected: April 7, 2026 at 20:00 (51 min after Published)
- 🤖 AI Analyzed: April 20, 2026 at 13:48 (305h 47m after Collected)
Kung Ming-hsin stated today that based on feedback from the seminar, the overall supply volume is considered stable, but some retail channels, remote areas, and specific product specifications have indeed become difficult to order, and prices have generally risen.
Regarding business districts and markets still reporting tight supply and demand, Kung Ming-hsin emphasized that the price-friendly project is already in effect, and the current stage will be handled through existing dispatch mechanisms. As new material sources continue to be invested, the problem should be resolved quickly.
As for the price level of the price-friendly project, Kung Ming-hsin pointed out that in principle, it will reflect the affordable costs of upstream supply, but fixed prices will not be set to avoid pushing up market prices. Prices will be continuously monitored within a reasonable range.
Huang Chien-chiang, Chairman of the Shenkeng Business District Tourism Development Association, stated after the meeting that the current market's concerns about plastic bag supply are accompanied by hoarding psychology. The government's attitude and policies are crucial. Clearly conveying "uninterrupted supply and increased availability" would help reduce hoarding behavior.
He pointed out that this is also an opportunity to promote the cultivation of environmentally friendly habits. Consumers can bring their own shopping bags, stores can reduce proactively offering plastic bags, and the government can also propose corresponding supporting measures.
Kung Ming-hsin stated that business districts have long cooperated with the government's plastic reduction policies. In the future, relevant incentive measures will be studied, and cooperation plans will be discussed with willing business districts, using this opportunity to guide consumer habit transformation.
Liu Ching-tsung, Chairman of the Chiayi Zhulou Street District Technology Development Association, stated in an interview after the meeting that most suppliers' shelves in Chiayi City are almost empty, especially for specifications like "flower bags" and "1-jin inner bags." He believes that the north is relatively less affected, but the central and southern regions and remote areas are indeed facing tight supply. He hopes the government will prioritize assisting items in urgent need in the south when promoting the price-friendly project, to stabilize market confidence. (Editor: Pan Yi-ching) 1150407
FAQ
What occurred on April 1st to increase the supply of ethylene?
CPC Corporation's No. 4 cracker entered production early, which resulted in an increased supply of ethylene.
How much additional ethylene has been added under the price-friendly project?
An additional 5,000 tons of ethylene under the price-friendly project has been added to the market.
What is the maximum production capacity of the additional ethylene supply?
The maximum production capacity can create up to 1.25 billion 1-jin plastic bags.
What difficulties are retail channels and remote areas currently facing?
They have found it difficult to order plastic bags, and the prices have generally risen.
According to Huang Chien-chiang, what psychology is accompanying the concerns about plastic bag supply?
Huang Chien-chiang stated that the market's concerns about plastic bag supply are accompanied by hoarding psychology.