On September 1st, the price adjustment notices previously issued by multiple chemical enterprises at home and abroad took effect collectively. Multiple sectors including nylon, coating resins, electronic materials and basic chemical raw materials raised their quotations together. Geopolitical disturbances pushing up raw material costs have become the core driver of this round of price hikes.
Nylon and polyamide industry chain: BASF’s third price increase this year
BASF raised prices for caprolactam, nylon 6, nylon 6/66 copolymers in North America by $0.08 per pound on September 1st, which is equivalent to about 1197 yuan per ton. This is the third round of price hikes for the company’s nylon products this year.
BASF stated that the global situation continues to disrupt the nylon industry chain, and there is still the possibility of another price adjustment in the future.
Coating and resin industry chain: Multiple enterprises raise prices of acrylic and powder coating resins
Sherwin-Williams raised prices for products in the paint store group sector by 8% on September 1st. The company said it chose to adjust prices after the peak painting season to reduce the impact on downstream customers.
Allnex simultaneously raised the quotation for powder coating resins, with indoor resins, general weather-resistant resins and super weather-resistant resins uniformly increased by 500 yuan per ton.
Hengshui Xinguang New Materials has implemented stepped price increases for architectural coatings and waterproof product series since August 25th.
Wanhua Chemical raised prices for acrylic acid and butyl acrylate. Acrylic acid in Northeast, North and East China was raised by 200 yuan per ton to 8200 yuan per ton; butyl acrylate in multiple regions was raised by 400 yuan per ton to 9300 yuan per ton.
Electronic material industry chain: South Asia Plastics’ CCL and PP raise quotations in phases
South Asia Plastics’ electronic materials division launched price adjustments for copper clad laminates (CCL) and prepregs (PP) on September 1st, with the market reporting a price increase range of 20%-25%. The price adjustment was mainly driven by the price hikes of raw materials such as copper foil, glass fiber cloth and core resins, and the tight supply of glass cloth further pushed up procurement costs.
The company later clarified that this was not a one-time across-the-board 20% price increase, but a phased and gradual adjustment model negotiated individually with each customer.
Basic chemical raw materials: Wanhua and BASF raise prices of multiple categories simultaneously
Wanhua Chemical raised the ex-factory prices of basic chemical products in multiple domestic regions:
· Shandong’s butadiene was raised by 180 yuan per ton, methyl tert-butyl ether by 50 yuan per ton, and tert-butanol by 100 yuan per ton;
· Styrene in North and East China was raised by 200 yuan per ton; n-butanol in multiple regions across the country was raised by 100 yuan per ton;
· LDPE plastic pellets in Shandong, East and South China were raised by 50-100 yuan per ton.
BASF raised prices for neopentyl glycol and 1,6-hexanediol in Europe and the United States,
· European neopentyl glycol was raised by 250 euros per ton (about 1944 yuan per ton),
· North American neopentyl glycol was raised by 221 US dollars per ton (about 1500 yuan per ton);
· European 1,6-hexanediol was raised by 300 euros per ton (about 2332 yuan per ton).
Behind the price hikes: Raw material cost transmission caused by geopolitical disturbances
The root cause of this round of collective price hikes for chemical products is the tightening supply of global energy and basic chemical raw materials. Since March 2026, the geopolitical conflict in the Middle East has intensified, and shipping in the Strait of Hormuz has been blocked. About 20% of global crude oil trade and a large amount of chemical raw material transportation have been affected. International oil prices have risen, the supply of bulk raw materials such as pure benzene and ethylene has contracted, and costs have risen. The upward pressure on prices has been transmitted to various downstream industry chains from top to bottom.
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