In early October 2026, leading Chinese modified plastics manufacturers issued a new round of price increase notices, citing sustained high international oil prices and rising costs of petrochemical raw materials. Price adjustments across the industry ranged from RMB 1,500 to 3,000 per ton, affecting a wide range of materials including modified PA6, PP, PE, PA66, PBT, ABS, PS, PC, as well as thermoplastic elastomers such as TPV, TPE, and TPU.
The price hikes reflect a broader cost transmission issue across the plastics value chain. International suppliers also announced increases for PA6 and PA66 in overseas markets, further reinforcing the upward trend. Industry data indicates that raw materials account for 65–70% of modified plastics production costs, and every USD 10/barrel increase in oil prices pushes raw material costs up by RMB 300–500/ton.
However, downstream acceptance remains weak. China's home appliance and automotive retail sales have both declined, limiting the ability of terminal manufacturers to absorb higher material costs. For exporters sourcing plastic materials from China, these price adjustments signal that current quotations may need to be reviewed and that raw material cost volatility should be factored into contract terms.