US-Iran War Drives Up Costs; Cheng Loong and YFY to Raise Industrial Paper Prices
The US-Iran war has led to a surge in costs for shipping, energy, and chemicals. Unable to bear the pressure, paper manufacturers are raising prices. Cheng Loong plans to raise its industrial paper prices in stages in May and June, by about 10%. YFY also stated that it has been coordinating with customers since April to reflect costs on some smaller, higher-cost orders.
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- 📰 Published: May 14, 2026 at 18:50
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(Central News Agency, reporter Tseng Jen-kai, Taipei, 14th) The US-Iran war has driven a simultaneous surge in various costs such as freight, energy, and chemicals. Unable to hold on, paper manufacturers are taking action. Cheng Loong expects to raise the selling price of its industrial paper in stages in May and June, with an increase of about 10%. Yuen Foong Yu (YFY) also stated that since April, it has been coordinating with customers to reflect costs on some sporadic, higher-cost orders.
Cheng Loong stated that in the past two years, international paper prices in China, Vietnam, and other markets have risen several times to reflect rising operating costs. However, industrial paper prices in Taiwan have not risen but have instead fallen, with a cumulative drop of about 10%. Now, with costs for labor, freight, and carbon fees continuing to rise, a price increase is inevitable. The goal of this price hike plan for May and June is to first recover the previous price drop.
Cheng Loong emphasized that this price hike has not yet factored in the increased costs of fuel and other items due to the Middle East conflict. Depending on the situation, a further round of price increases is not out of the question.
YFY also stated that due to changes in the international situation, various costs including freight, energy, and chemicals have risen simultaneously. YFY's industrial paper division has been continuously making adjustments to absorb these costs. Given that the upward trend in raw material prices shows no sign of slowing, YFY has been coordinating with customers since April to reflect costs on some sporadic, higher-cost orders. The magnitude of the increase varies depending on the order type, and the company is closely monitoring future trends. (Editor: Pan Yi-ching) 1150514
Cheng Loong stated that in the past two years, international paper prices in China, Vietnam, and other markets have risen several times to reflect rising operating costs. However, industrial paper prices in Taiwan have not risen but have instead fallen, with a cumulative drop of about 10%. Now, with costs for labor, freight, and carbon fees continuing to rise, a price increase is inevitable. The goal of this price hike plan for May and June is to first recover the previous price drop.
Cheng Loong emphasized that this price hike has not yet factored in the increased costs of fuel and other items due to the Middle East conflict. Depending on the situation, a further round of price increases is not out of the question.
YFY also stated that due to changes in the international situation, various costs including freight, energy, and chemicals have risen simultaneously. YFY's industrial paper division has been continuously making adjustments to absorb these costs. Given that the upward trend in raw material prices shows no sign of slowing, YFY has been coordinating with customers since April to reflect costs on some sporadic, higher-cost orders. The magnitude of the increase varies depending on the order type, and the company is closely monitoring future trends. (Editor: Pan Yi-ching) 1150514