Kingfa Sci & Tech, the world's largest modified plastics producer, has issued a customer notice announcing a new round of price adjustments for multiple modified plastic products, with increases ranging from 1,000 yuan to 2,500 yuan per tonne, effective for orders received from October 8, 2026. According to the notice, the price increases cover the company's main modified plastics product lines: modified PA6 rises by 2,500 yuan per tonne, modified PP, modified PE, modified PA66 and modified PBT rise by 2,000 yuan per tonne, modified ABS, modified PS and modified PC rise by 1,500 yuan per tonne, and modified PVC rises by 1,000 yuan per tonne. Kingfa Sci & Tech said that continued turbulence in the Middle East has kept international oil prices elevated for a long period, directly pushing up the prices of core petrochemical raw materials for modified plastics, while costs for chemical additives, energy and production processing have also risen, and the resulting cost increases have far exceeded the company's internal capacity to absorb them. This is Kingfa Sci & Tech's second large-scale price increase this year. In March, the company issued an open letter to customers announcing price increases for some products, but the previous round of increases did not bring a simultaneous recovery in profit. A Shenwan Hongyuan research report noted that, affected by a pulsed rise in oil prices and a lag in product price transmission, Kingfa Sci & Tech's gross profit per tonne of modified plastics in the second quarter fell by 204 yuan year on year, and its gross margin declined by 1.15 percentage points to 22.07 percent.
Kingfa Sci&Tech Co LtdKingfa raises prices for its modified plastics by 1,000-2,500 yuan/tonne to pass through surging petrochemical raw-material costs.
Shenwan Hongyuan Group Co Ltd