- Polycarbonate prices showed an overall upward trend globally, supported by rising energy costs and geopolitical disruptions, though gains were uneven across regions.
- Feedstock pressures intensified due to higher crude and LNG prices linked to the US-Iran war and Strait of Hormuz risks, raising production and logistics costs.
- Downstream demand remained weak across key sectors, limiting full pass-through of rising costs despite tightening supply sentiment.
Asia
In the first quarter of 2026, the average price was RMB 13.84/kg, which was RMB 13.08/kg in January, and RMB 12.83/kg and RMB 15.62/kg in the subsequent months. Previous quarter average prices were around RMB 14.00/kg, compared with RMB 13.84/kg in Q1 2026, showing a quarter-on-quarter decline of ~1.10%. Polycarbonate prices registered a rise of ~19.39% during the quarter supported by higher feedstock costs and firmer market sentiment amid global supply concerns. The US-Iran war and logistical disruptions around the Strait of Hormuz raised crude-linked production costs and created uncertainty in regional trade flows, which supported price gains. However, persistent oversupply and weak downstream demand, particularly from the electronics and automotive sectors, limited sharper upward movement.
Europe
Polycarbonate prices in Europe moved upward as sellers pushed for increases due to rising feedstock and logistics costs linked to the US-Iran conflict. Brent crude and LNG price concerns, along with shipping disruptions, supported bullish sentiment, while freight delays of several weeks and rising insurance costs added pressure, which led to price increases. Around 11% of Europe’s PC imports come from the Middle East, making supply vulnerable to disruptions. However, global oversupply and weak demand restricted full cost pass-through. Additionally, Covestro expanded capacity with a new polycarbonate line in Belgium, adding to regional supply availability.
North America
In North America, polycarbonate prices followed a firm trend supported by rising global energy costs and supply chain disruptions. Higher crude prices increased production and transportation costs, while geopolitical tensions raised concerns over global supply flows, which led to upward pricing pressure. However, weak downstream demand and sufficient domestic supply availability limited the extent of price increases. Trade uncertainties and tariffs also weighed on buying sentiment.