Formosa Plastics raises polyethylene prices: what it means for Formosa Plastics stock

Published on 10/09/2026 at 11:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached TWD 47.20 billion, up 4.10 percent year over year. For Formosa Plastics stock, six-month net income reached TWD 13.92 billion.

Key points in brief

Formosa Plastics raised polyethylene prices for September and October 2026, according to Polymerupdate.
Second-quarter revenue reached TWD 47.20 billion, up 4.10 percent year over year.
Six-month net income reached TWD 13.92 billion after a TWD 6.58 billion loss a year earlier.
Formosa Plastics last traded at TWD 81.30 on the Taiwan Stock Exchange on October 8, 2026.

Formosa Plastics, TW0001301000, Illustration mit AI erstellt.

Formosa Plastics raised polyethylene prices for September and October 2026, according to Polymerupdate on September 26, 2026. The move gives the chemicals producer a concrete response to improving selling prices, while its second-quarter figures show a sharp earnings recovery.

Three dates show the shift

On July 28, 2026, JPMorgan maintained its Formosa Plastics rating at Buy and set a TWD 70.00 price target, according to Investing.com. On September 21, 2026, revenue in the second quarter reached TWD 47.20 billion, up 4.10 percent year over year, as higher average selling prices supported most products, according to Quartr. On September 26, 2026, Polymerupdate reported the polyethylene price increases covering September and October.

What does the turnaround mean?

The second-quarter pre-tax income was TWD 10.86 billion, compared with a TWD 2.88 billion loss in the first quarter, according to Quartr. The six-month net income reached TWD 13.92 billion, versus a TWD 6.58 billion loss in the same period of 2025, while six-month revenue declined to TWD 89.24 billion from TWD 92.59 billion.

The mix remains uneven. Polyolefins accounted for 20.00 percent of second-quarter revenue, down from 21.00 percent a year earlier, while specialty chemicals increased to 10.00 percent from 8.00 percent, according to Quartr. For investors, the earnings improvement is therefore paired with a product-mix shift rather than a broad-based volume story.

Next report arrives in November

Formosa Plastics is scheduled to report its next earnings on November 18, 2026, according to InvestPane. That date gives the market a defined checkpoint for testing whether higher prices can continue to offset the cyclical pressure visible in the half-year revenue comparison.

TWSE price stays near yearly high

Formosa Plastics closed at TWD 81.30 on the Taiwan Stock Exchange on October 8, 2026. The price stood TWD 1.10 below the 52-week high of TWD 82.40, a gap of 1.33 percent calculated from the high; the 52-week low was TWD 36.50.

Investing.com lists a six-analyst average 12-month target of TWD 66.00, below the October 8 price, while JPMorgan's dated TWD 70.00 target remains the higher individual reference. The contrast leaves polyethylene pricing and the November earnings release as the clearest tests of the recovery narrative.