The high price of oil is hurting more than just car owners. According to DigiTimes, concerns about the increased cost of optical-grade polycarbonate has pushed the stock price of CMC Magnetics, Ritek and Prodisc to record lows.
The stock price of CMC Magnetics and Ritek, the top two makers of optical discs in Taiwan, and Prodisc Technology, a leading second-tier maker, on July 17 hit their lowest levels of NT$8.18 (US$0.25), NT$7.20 and NT$2.85, respectively, since their listing on the Taiwan Stock Exchange (TSE) due to concerns about the increased cost of optical-grade polycarbonate (PC) arising from price hikes of crude oil, according to industry sources.
If you'd like to read more, head on over to DigiTimes.
