New Materials Price Trend Daily Report — April 24, 2026

# New Materials Price Trend Daily Report — April 24, 2026

## Price Overview

| Material | Current Price Range | WoW Change | Trend |
|———-|——————-|————|——-|
| PTFE Resin (Suspension) | 34,000-60,000 CNY/ton | -2.9% | ↓ Declining |
| PEEK Resin (Domestic Industrial) | 300,000-500,000 CNY/ton | -3.0% | ↓ Declining |
| Carbon Fiber | 84-90 CNY/kg | +3.1% | ↑ Rising |
| PI Film (Industrial Grade) | 200,000-300,000 CNY/ton | +5.0% | ↑ Rising |
| Specialty Ceramic Raw Material (Alumina) | 2,695-2,774 CNY/ton | -2.0% | ↓ Correcting |

## Key Movements

– **Carbon Fiber: +3.1%, clear bottom-reversal signal.** On April 9, precursor prices surged 41% in a single day — 12K precursor broke through 37,000 CNY/ton and 24K reached 34,000 CNY/ton. Hengshen Co. led the price hike at 5,000-10,000 CNY/ton increase, followed by Jilin Chemical Fiber and Toray. Q1 2026 average price rose 3.07% YoY. The upstream PAN raw material (acrylonitrile) price surge provides cost support, while downstream wind power and low-altitude economy demand recovery is robust. High-end T800+ grades remain in tight supply.

– **PI Film: +5.0%, Middle East tensions drive cost increases.** Japan’s Kaneka Corporation raised PI film prices by 20% effective April 16, citing deteriorating Middle East situation affecting Hormuz Strait transport stability, crude oil and petroleum supply disruptions, and significant raw material and energy cost increases. Global PI film capacity remains concentrated in DuPont (US), Ube Industries/Kaneka/Toray-DuPont (Japan), and SKC (Korea). Domestic substitution potential is substantial but short-term supply remains tight.

– **PTFE Resin: -2.9%, oversupplied market weighs on prices.** Shandong Luxi Chemical’s suspension PTFE quoted at 34,000 CNY/ton, down 1,000 CNY/ton. Dispersion grade stable around 54,000 CNY/ton. Overall ample supply with tepid downstream demand creates continued downward pressure.

– **PEEK Resin: -3.0%, domestic substitution continuously compressing prices.** Domestic industrial-grade PEEK dropped to 300,000-500,000 CNY/ton vs. imported 800,000-1,200,000 CNY/ton. Medical grade remains elevated at 800,000-1,000,000 CNY/ton. Domestic substitution rate rose from 18% (2020) to 42%, with 60% policy target for 2026. Downward price trend continues.

– **Specialty Ceramic Raw Material (Alumina): -2.0%, correcting from highs.** Alumina futures main contract dipped to 2,695 CNY/ton, down over 14% from the March 19 peak of 3,136 CNY/ton. Spot national average at ~2,774 CNY/ton with narrowing gains. Limited new capacity but weakening demand keeps market in low consolidation.

## Impact Analysis

**Procurement Cost Impact:** Rising carbon fiber and PI film prices will directly pressure downstream industries — wind power, consumer electronics, and flexible displays. Carbon fiber product costs expected to increase 3-5%, PI film-related FPC costs up 5-8%. PTFE and PEEK price declines benefit sealing component and medical device manufacturers.

**Supply Chain Impact:** Middle East transport risks continue to destabilize chemical raw material supply chains. Japanese manufacturer price hikes (Shin-Etsu PVC, Kaneka PI film) may trigger cascading effects. Carbon fiber precursor supply tightness may transmit downstream — monitor June delivery orders for production scheduling risks.

## Action Recommendations

**Lock Prices Now:**
– Carbon Fiber: Uptrend confirmed — lock Q2 volumes ASAP, prioritize quarterly agreements with domestic suppliers
– PI Film: Kaneka already raised 20% — evaluate domestic alternatives and pre-stock inventory

**Wait and Watch:**
– PTFE Resin: Oversupplied, further downside possible — defer bulk purchases
– PEEK Resin: Domestic substitution accelerating, prices still declining — purchase as needed
– Alumina: Correcting from highs — wait for stabilization signals before building positions

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*Data Sources: Shengyishe, Zhuochuang Information, East Money, Sina Finance, Alibaba B2B*
*Report Date: April 24, 2026*