Cailian News, April 28: Dongfang Shenghong (000301.SZ) announced that in the first quarter of 2026, it achieved operating revenue of RMB 32.022 billion, representing a 5.65% year-on-year increase; net profit attributable to shareholders of the listed company amounted to RMB 1.432 billion, a 319.86% year-on-year increase. CaiXiao Note: The company’s net profit for Q4 2025 was RMB 0.07 billion; based on this, its Q1 2026 net profit increased 20,357% quarter-on-quarter. (Source: Cailian News APP)

Recently, LyondellBasell has expanded its Purell product portfolio and further deepened its collaboration with healthcare customers. The Purell series of materials, specifically developed for the healthcare sector, is widely used in products such as syringes, ampoules, IV bottles, diagnostic device housings, laboratory ware, inhalers, and medical packaging.

The main plastic futures contract on Dalian Commodity Exchange rose by over 2%, to 8,347 yuan/ton. The main bottle chip futures contract on Zhengzhou Commodity Exchange surged by 6%, to 8,886 yuan/ton.

April 28th,Huicheng Environmental ProtectionOn an interactive platform responding to investor inquiries, the company stated that it has conducted experiments on various types of waste plastic feedstocks during the pilot phase, and the selection of feedstock for industrial-scale trial production will be determined by comprehensively considering factors such as plant commissioning and operational conditions for large-scale operation.

Chemical giantBASFAnnouncing that it will use its global portfolio to The prices of antioxidant, processing stabilizer, and light stabilizer products have been further increased, with the highest increase reaching 25%.BASFIt is indicated that this price adjustment is due to the significant increase in raw material prices, energy, and logistics costs caused by the military conflict in the Middle East.

Mitsui Chemicals, Idemitsu Kosan, and Sumitomo Chemical entered into a basic agreement on September 10, 2025. The three companies plan to integrate the polyolefin (PO) business operated by Prime Polymer Co., Ltd. (“PRM”), a joint venture between Mitsui Chemicals and Idemitsu Kosan, with Sumitomo Chemical’s domestic polypropylene (PP) and linear low-density polyethylene (LLDPE) businesses. On April 24, 2026, the involved companies officially received notification from the Japan Fair Trade Commission confirming that it would not issue a cease-and-desist order regarding this integration, thereby formally approving the transaction.

According to data released by the National Bureau of Statistics, from January to March, profits of industrial enterprises above the designated size nationwide amounted to RMB 1.69604 trillion, an increase of 15.5% year-on-year. During the same period, state-controlled enterprises realized profits of RMB 619.61 billion, up 10.1% year-on-year; shareholding enterprises realized profits of RMB 1.30546 trillion, up 20.9% year-on-year; enterprises with foreign and Hong Kong, Macao, and Taiwan investment realized profits of RMB 383.73 billion, up 1.2% year-on-year; and private enterprises realized profits of RMB 430.53 billion, up 25.4% year-on-year.

Affected by the decline in crude oil production in the Middle East,Goldman Sachs has raised its fourth-quarter Brent crude oil price outlook to $90 per barrel, and its U.S. West Texas Intermediate (WTI) oil price forecast to $83 per barrel.。Current forecasts assume that the exit of the Strait of Hormuz will return to normal by the end of June (previously forecast for mid-May), and that production recovery in the Gulf region will be slower.

On April 26, the handover ceremony of the 550,000 tons/year polypropylene unit of the Fujian Sino-Saudi Gulei Ethylene Project was grandly held. It is reported that the Fujian Sino-Saudi Gulei Ethylene Project is the largest single investment Sino-foreign joint venture project in Fujian Province so far, and it is also a key benchmark project for deepening the capacity and investment cooperation between China and Saudi Arabia. The project is of great significance for promoting the upgrading of China's petrochemical industry and perfecting the regional industrial chain layout.

On the evening of April 22, Wanhua Chemical announced that, in accordance with the production process characteristics of chemical enterprises and to ensure the safe and efficient operation of production facilities, the company’s Penglai Industrial Park 900,000-ton-per-year PDH unit and 600,000-ton-per-year POCHP unit will be shut down for maintenance starting April 26, 2026, with an estimated maintenance duration of approximately 30 days, as per the annual maintenance plan.

After two rounds of intensive price adjustments in March, China's waterproofing industry is facing another wave of price increases.Recently, Keshun Waterproof Technology Co., Ltd. (hereinafter referred to as "Keshun Shares") issued a "Notice on Price Adjustment of Engineering Waterproofing Materials," announcing that effective April 30, 2026, the prices of its JS polymer-modified cementitious waterproof coating product series will be increased by 10% from current levels, while other engineering waterproofing product series will see price increases of 3% to 8%.This marks the third price adjustment notice issued by Keshun Shares since 2026, indicating that raw material cost pressures continue to be passed down to downstream customers.

On the evening of the 22nd local time, Iran's Islamic Parliament Speaker and chief negotiator, Qalibaf, stated that a comprehensive ceasefire would only make sense if the maritime blockade was lifted and "economic coercive actions" by the U.S. were stopped. He emphasized that it is impossible to reopen the Strait of Hormuz again as the U.S. has openly violated the ceasefire agreement.

Fatih Birol, Executive Director of the International Energy Agency, stated on the 21st that the U.S.-Israel-Iran conflict is triggering the most severe energy crisis in history. Birol said that this energy crisis,**** the fuel and natural gas supply disruptions caused by the Ukraine crisis, has already caused significant impacts. He emphasized, “This is indeed the largest crisis in history.”

  April 22 News: PVC prices in Hangzhou remained firm, with intra-day prices slightly higher; however, actual inquiries were muted. Calcium carbide-based Grade V PVC was priced at RMB 4,900–5,050 per ton; Sanlian at RMB 4,900–4,950 per ton; Yihua/Tianhu/Zhongtai/Jintai at RMB 4,930–5,000 per ton; Beiyuan/Tianye at approximately RMB 5,000–5,050 per ton; and Grades VIII/III at approximately RMB 5,180–5,380 per ton.

With the release of first-quarter financial reports and forecasts by building materials listed companies, the industry's recovery trend is gradually becoming clear. In the eyes of the industry, this round of performance recovery in the building materials sector shows distinct characteristics. On one hand, the business sentiment of sectors such as glass fiber and electronic cloth continues to rise. On the other hand, an increasing number of companies are opening up new growth spaces by going global. The building materials industry is reducing its reliance on traditional real estate and moving towards a new development stage.

On April 20, Wanhua Chemical released its 2025 Annual Report and the First-Quarter Financial Report for 2026. The first quarter of 2026 witnessed significant growth: revenue reached RMB 54.052 billion, a substantial year-on-year increase of 25.50%, setting a new record; net profit attributable to shareholders amounted to RMB 3.718 billion, up 20.62% year-on-year. Specifically, revenue from polyurethane products totaled RMB 19.294 billion; revenue from petrochemical products and trading reached RMB 20.506 billion; and revenue from fine chemicals and new materials products amounted to RMB 10.345 billion.

  April 20 – In early trading, SC crude oil futures opened significantly higher, narrowing the decline to 2.51%. According to Everbright Futures’ research report dated April 20, overall, the current crude oil supply imbalance exhibits structural divergence: Middle Eastern exports to external markets have declined, while exports from other regions—including temporary sales of Russian oil stored on vessels at sea—have increased, alongside a substantial rise in U.S. exports. Inventory levels also display structural divergence: with numerous tankers congested at the Strait of Hormuz, floating storage volumes—counted as part of total inventory—have risen, whereas onshore inventories are continuously being drawn down. Nonetheless, total inventory levels are expected to decline markedly. Meanwhile, Middle Eastern production and exports will undergo reassessment, all of which will impact crude oil pricing. From the current market perspective, an “information war” has emerged as an additional factor influencing oil prices, driving the price center lower. During the ceasefire negotiation period, it is certain that internal divisions within Iran have intensified—constituting a vulnerability for Iran and a strategic advantage for the U.S. Leveraging its media dominance, the U.S. is fostering market expectations of recurring geopolitical volatility to erode crude oil’s risk premium; in contrast, the fundamental supply-demand deficit remains a secondary pricing factor. Consequently, oil prices are expected to fluctuate within a range.

On April 20, Oriental Yuhong recently stated during an institutional research that since the beginning of this year, the continuous rise in international crude oil prices has led to an increase in the prices of raw materials such as asphalt. To ensure the stability of product quality, maintain the healthy development of the industry, and protect the long-term interests of customers, the company and several other leading companies in the industry have successively issued product price adjustment notices. Considering the differences in the execution rhythm of customer orders, the effect of the price adjustment will gradually be realized.

On April 20, at the media day of CHINAPLAS 2026 International Plastics Exhibition, Bao Lewei, Senior Vice President of Basf Asia-Pacific Specialty Materials, stated that Asia-Pacific remains the growth engine of the global plastics industry. He pointed out that in 2025, the Asia-Pacific region will account for 46%-55% of global plastics market revenue and production.

Recently, the Beijing Electron Positron Collider (BEPC) project, constructed by the Shanghai Engineering Company, has...Shanghai Sinopec's 420,000-ton-per-year polystyrene expansion project successfully produces qualified products., the entire process is connected, achieving a one-time successful start-up of the facility. The project constructs a new line1.2 million tons per year general-purpose polystyrene (GPPS) production line (line 34), using BP/ABB Lummus (INOES) process technology, relying on the existing utility facilities of SECCO, the product grades will be consistent with the existing Line 31, Line 32, and Line 33.