Plastic Industry Updates & Resources

【Domestic ABS Petrochemical Manufacturers Weekly Petrochemical Inventory Statistics】This week, the domestic ABS petrochemical inventory stands at 239,400 tons, a week-on-week decrease of 43,200 tons, and a year-on-year increase of 33,000 tons. Under recent bulk discount policies by individual enterprises, inventory reduction has been more significant; coupled with production cuts at some units and increased buying activity driven by the raw material side during the week, manufacturers have accelerated their shipment pace, resulting in a substantial decline in the total ABS petrochemical inventory this week.

【General motors company enters large-scale energy storage battery market】General Motors recently announced plans to launch the production of large-scale energy storage battery components. This move aims to enter the expanding energy storage market and compete with automakers such as Tesla and Ford. The company hopes that this business will help alleviate the market pressure caused by the current slowdown in electric vehicle sales in the United States.

【Geely intelligent driving system receives un r171 regulation certification】Geely Auto recently stated that its self-developed driving assistance system, G-ASD (Qianli Haohan), has obtained legal road-use approval in the European Union and has also passed the United Nations UN R171 regulation certification. This certification is the EU’s unified access standard for advanced driver assistance control systems (DCAS), and serves as the “pass” for such systems to be legally equipped and used on roads in Europe. Geely plans to launch its first model equipped with this intelligent driving system in Europe this year.

【May New Energy Vehicle Production And Sales Surge, Market Share Rises To 56.9%】On June 10th, the China Association of Automobile Manufacturers released data showing that in May 2026, China's new energy vehicle market stabilized and rebounded, with production and sales reaching 1.554 million and 1.496 million units respectively, representing year-on-year increases of 22.4% and 14.4%. The proportion of new energy vehicle sales in the total new car sales further increased to 56.9%. In May, China's automobile production and sales reached 2.616 million and 2.629 million units respectively, showing a month-on-month increase and a slight year-on-year decrease, but the decline narrowed further. Overall, in the first five months, automobile production and sales reached 12.235 million and 12.207 million units respectively, among which new energy vehicle production and sales reached 5.841 million and 5.802 million units, with year-on-year growth of 2.5% and 3.5% respectively.

【China’s Auto Exports Reach 930,000 Units in May, Up 68.7% Year on Year】According to the latest data, in May, China's automobile exports reached 930,000 units, up 68.7% year on year, and have remained above 900,000 units for two consecutive months.Among them, exports of new energy vehicles showed a significant year-on-year increase, reaching 446,000 units, a growth of 110%. A relevant person in charge from the China Association of Automobile Manufacturers stated that China has the most complete new energy vehicle industry chain in the world, covering lithium ore processing, battery manufacturing, motor and electronic control, to vehicle assembly, with sufficient capacity, controllable costs, and strong supply chain risk resistance.