Tosoh Corporation raises polyethylene resin prices due to Middle East conflict.

Tosoh Corporation of Japan announced that due to the escalating conflict in the Middle East, it has officially increased the price of polyethylene resin products to address supply chain fluctuations and rising cost pressures. Relevant details of the price adjustment will be gradually disclosed to the market.

In terms of plant operations, affected by the shortage of naphtha supply caused by the Middle East conflict, Tosoh has adjusted the operational status of its ethylene production facilities. The restart plan for ethylene production facilities previously under scheduled maintenance has been forced to delay, with some units moderately reducing production as planned. The company is strictly controlling raw material inventory consumption to ensure stable supply of core products. As Japan's largest ethylene purchaser, its ethylene-related facilities at the Yokkaichi and Nanyo plants are currently operating in an orderly manner, striving to minimize the impact of supply chain fluctuations.

Recent developments indicate that Tosoh is actively responding to global polyolefin market volatility and adjusting its production layout in line with industry trends. The company had previously advanced the optimization of ethylene-based derivative capacity, with related integration work progressing as planned. This price adjustment aligns with the global trend of rising polyolefin prices, with current polyethylene prices in the Asian market showing a significant increase. Disruptions in Middle Eastern supply have become one of the core factors driving the price surge.

This price adjustment is part of Tosoh's measures to address geopolitical conflicts and ensure sustainable business operations. The company will continue to monitor the situation in the Middle East and raw material supply conditions, making timely adjustments to production and pricing strategies.