---
title: "First Mold Announces Moderate Price Adjustment Amid Global Chemical Raw Material Surge"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283443698.md"
description: "First Mold, a leader in precision manufacturing, announced a moderate price adjustment due to the closure of the Strait of Hormuz, which has disrupted the supply of petroleum raw materials essential for plastic production. The CEO, James Li, noted that costs for key materials like butadiene and polyurethane have surged, prompting the need for price changes in certain services, particularly in plastic injection molding. The adjustments will take effect on April 25, 2026, with a commitment to revert prices once the situation stabilizes. The company is also exploring alternative solutions to manage costs."
datetime: "2026-04-21T05:30:56.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283443698.md)
  - [en](https://longbridge.com/en/news/283443698.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283443698.md)
---

# First Mold Announces Moderate Price Adjustment Amid Global Chemical Raw Material Surge

In Zhongshan, China on April 21, 2026, the shutdown of the Strait of Hormuz followed by a subsequent decrease in ship traffic carrying oil has had a profound impact on various industries, particularly plastic injection molding. This disruption has affected approximately 5% of the world's oil, which is crucial for producing plastics.

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