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【Nanjing Julong Establishes New Subsidiary with Civil Aviation Material Sales Business 】People's Finance News, January 28 — According to data from Qichacha, Huizhou Julong New Material Technology Co., Ltd. was recently established with a registered capital of 30 million RMB. Its business scope includes the manufacture of additive manufacturing equipment, sales of civil aviation materials, and processing of mechanical parts and components. Equity structure data from Qichacha shows that the company is a wholly-owned subsidiary of Nanjing Julong (300644).
2026-01-28 16:32:07 -
【Hualian Futures: PVC Supply Pressure Generally High 】The overall supply pressure remains relatively high. However, domestically, only Zhejiang Jiahe has a planned new capacity of 300,000 tons in 2026, and overseas, the planned UAE project has been postponed, indicating that the supply expansion is nearing its end. On the demand side, the operating rate of finished product manufacturers is weakly stable, and the terminal demand is in the off-season, with construction sites in the north suspending work and order intake being poor. In terms of inventory, social warehouses are accumulating inventory, while factory warehouses are destocking, and the registered warehouse receipt volume remains at a high level. Regarding costs, the price of calcium carbide has rebounded slightly, with the calcium carbide method experiencing increased losses and the ethylene method experiencing reduced losses, while the chlor-alkali profit remains at a low level. From a policy perspective, the VAT export rebate for PVC will be canceled from April 1, 2026. Overall, the weak supply-demand pattern of PVC has not changed for the time being. The cancellation of the export rebate will directly increase the export cost of PVC, but before April 1, there may be a rush to export. In the medium and long term, attention should be paid to the disruption to supply caused by increased competition among upstream enterprises. In the short term, the chemical sector is collectively strengthening. For single-leg trading, a short-term bullish approach is recommended, with the 2605 contract's range referring to 4750-5000. In terms of arbitrage, attention can be paid to the 3-5 contract calendar spread.
2026-01-28 13:44:57
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