Shin-Etsu Global 10% Price Hike Effective May 1, Hongye Silic
Keywords: Shin-Etsu, silicone price hike, 10% increase, global market, export competition, Hongye Silicone
Core Sentence: Shin-Etsu will raise all silicone product prices by at least 10% from May 1; Hongye Silicone optimizes product structure to maintain export competitiveness.
Details:
Shin-Etsu Chemical announced a global price increase of no less than 10% for all silicone products, effective May 1, due to rising crude oil, energy, packaging and logistics costs. As a global silicone leader, the move is expected to drive up international market prices and intensify competition for Chinese export brands. Hongye Silicone will stabilize mainstream product prices, increase the proportion of customized and high-value-added products, and rely on cost-effective and high-quality services to maintain and expand global market share.
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