Cost Pressures Spread! Hongyejie Joins Global Silicone Price
Cost Pressures Spread! Hongyejie Joins Global Silicone Price Hike for EU Food-Grade LSR
Keywords: Global silicone market, food-grade LSR, cost surge, EU supply chain, Hongyejie
Summary: Amid widespread raw material and energy inflation across the global chemical sector, Hongyejie raises the price of EU-bound food-grade addition liquid silicone by 12%-25%, following the trend of major international silicone producers.
Content:
The global silicone industry is undergoing a round of universal price increases driven by upstream cost inflation. On May 18, 2026, Shenzhen Hongyejie, a leading Chinese silicone exporter, announced a price increase of 12% to 25% for its food-grade platinum cured liquid silicone supplied to European Union customers.
As a high-end material widely used in food containers, kitchenware and baby products, food-grade addition liquid silicone has strict requirements on raw materials and production processes. Its core platinum catalyst has been in short supply worldwide recently, leading to a notable price increase. Furthermore, methanol, an important chemical raw material for silicone synthesis, has fluctuated violently under the influence of Middle East geopolitics. Coupled with the rising cost of industrial electricity in China, the comprehensive production cost of food-grade liquid silicone has risen sharply.
Like many well-known silicone enterprises in Europe and America, Hongyejie has tried to relieve cost pressure through technological iteration and bulk procurement. Nevertheless, the room for internal cost reduction is limited. The latest price adjustment is a passive response to the current industry cost situation. Market insiders predict that the price of high-end food-grade silicone for the EU market will remain firm in the short term as raw material supply tensions persist.
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