As an essential material in many industries, the price of petroleum resin is considered to be one of the main factor to influence the price of its related products, such as road paint, ink, adhesive and so on. But do you know what is influencing the price of petroleum resin? Generally, the cost of the production process consists of the workers' salary, consumption tax, the price of petrol and others.

When it comes to the salary, it varies from area to area. For example, the workers in America are able to earn 15 dollars one hour while the workers can only earn about 3000 yuan one month. The difference between salary shows on the price of the petroleum resin. As the world's factory, China is able to supply cheaper resins.

When it comes to the tax, it depends on the attitude of the governments. As we all know, the governments are more pleased to support the development of environmental protection industry and the high and new technology industry, so they impose less taxes for such industries.

The last but most important factor to decide the price of petroleum resin is the price of petrol. It is not difficult to understand since we all know that the petroleum resin is made from C5 fraction and C9 fraction which are the products of petroleum cracking. In nowadays, thanks to the development of the technology, the cost of the production process is less and that's why the price of the resins won't be too expensive.