July 30 report: Lianyungang Petrochemical (Satellite) has raised the ex-factory price of PS by 100 yuan. The quotes are as follows: 525 at 9500 yuan/ton, 535T at 9500 yuan/ton, 535M at 9500 yuan/ton, modified benzene 88 at 9950 yuan/ton, and 888 at 10150 yuan/ton. The production capacity is 400,000 tons. Prices are for self-pickup and are negotiable per order.

On July 29, Qualcomm Technologies and BMW Group jointly announced that they had entered into a long-term cooperation agreement. Under the agreement, Qualcomm will provide computing chips for BMW Group’s next-generation digital cockpit and advanced driver assistance systems/autonomous driving systems over the next decade.

Spanish automotive industry media outlet *La Tribuna de Automoción* recently reported that Volkswagen and its partner Gotion High-Tech are engaged in in-depth discussions over the possibility of the Chinese battery maker taking a stake in Volkswagen’s battery plant in Valencia, Spain. Citing industry sources, the report said that Gotion High-Tech Chairman Li Zhen has led senior company executives on a visit to inspect the plant’s operations and related matters.

Luxury carOn July 29, a spokesperson for automaker BMW said the company had reached a voluntary redundancy agreement with employee representatives and plans to cut thousands of jobs in Germany by the end of 2027. According to people familiar with the matter, BMW’s current plan is to reduce its workforce by about 8,000 employees in total, with most of the cuts coming from Germany. The layoffs would amount to about 5% of the company’s total workforce and would mainly target employees in R&D, planning, and other functional departments, while frontline factory workers would not be affected. The plan has not yet been formally announced.

July 29 Report: Lianyungang Petrochemical (Satellite) raised its ex-factory PS prices by RMB 50–100/ton. Grade 525 is quoted at RMB 9,400/ton, 535T at RMB 9,400/ton, 535M at RMB 9,400/ton, modified benzene 88 at RMB 9,850/ton, and 888 at RMB 10,050/ton. The plant capacity is 400,000 tons. Prices are ex-works, subject to negotiation on a per-order basis.

Recently, PetroChina Guangxi Petrochemical Company successfully completed a 72-hour comprehensive performance test of its 1.2 million-ton-per-year ethylene unit at 100% full-process load and 100% production capacity. All production, energy consumption, and environmental protection indicators in this test were significantly better than the design standards, marking that this domestically produced large-scale ethylene unit has officially achieved its designed full production capacity and is now equipped for normal long-cycle, high-efficiency, and safe operation, thereby consolidating the core production capacity foundation for the company’s green, low-carbon, and high-quality development.

Recently, the Ningbo Municipal Bureau of Ecology and Environment formally accepted the environmental impact assessment report for Sinopec Ningbo New Materials Research Institute Co., Ltd.’s 1,000-ton-per-year high-pressure tubular-process polyethylene pilot plant project. The project has now entered a critical stage of EIA technical review. As a core pilot platform for Sinopec’s deployment in the research and development of high-pressure polyolefin new materials, once completed, the project will help establish a complete R&D chain from laboratory-scale trials to pilot-scale testing and industrial-scale expansion for tubular-process LDPE and photovoltaic-grade EVA new processes, marking that China will...The process of****** for high-end polyolefin resin technology has made a practical step forward.

Samsung Electronics has begun early-stage development of a successor to the Galaxy Z TriFold, its tri-fold smartphone planned for release in 2027. Next year, the number of foldable models will increase to four, alongside the addition of a new Pro model to the Galaxy S27 series in the first half of the year.

Sunwoda Power plans to carry out a C+ round capital increase and equity expansion, introducing Sungrow Power Supply and Tianqi Lithium as strategic investors, who will jointly invest RMB 805 million to subscribe for 2.93% of the shares. This partnership will strengthen the company’s energy storage cell business capabilities and ensure a long-term, stable supply of lithium raw materials.

According to the State Administration for Market Regulation, Zhaoqing Xiaopeng New Energy Investment Co., Ltd. has filed a recall plan with the State Administration for Market Regulation in accordance with relevant requirements. Starting from August 28, 2026, a total of 33,473 XPeng X9 vehicles manufactured between August 8, 2023 and August 11, 2025 will be recalled. For some vehicles within the scope of this recall, due to fluctuations in manufacturing processes, the airtightness of the front air spring may deteriorate. After prolonged use in high-temperature and high-humidity environments, the front air spring may slowly leak air, thereby triggering the illumination of a warning light and a text alert. In extreme cases, this may affect vehicle handling and pose a safety hazard. The company will replace the improved front air spring strut assembly free of charge for vehicles within the recall scope to eliminate the safety hazard.

Recently, the first public announcement for the environmental impact assessment of the 10 million tons/year refining and chemical integration project of Shandong Dongming Petrochemical Group Co., Ltd. (referred to as Dongming Petrochemical) was released. The project mainly involves the construction of 10 million tons/year atmospheric and vacuum distillation units, 1 million tons/year ethylene units, 2.4 million tons/year para-xylene units, and a total of 30 downstream supporting refining and chemical processing units. The project primarily focuses on producing high-end petrochemical products while also producing clean oil products. Downstream, the construction includes polyolefin chemical units such as EVA, FDPE, UHMWPE, m-PP, and EPOE, producing high value-added chemical products. The total investment of the project is approximately 71.3 billion yuan.

Recently, Tianjin Dagu Chemical Co., Ltd. achieved a key breakthrough in the compliance certification of its transparent ABS products. Its full range of products—DG-T513NC, DG-T516HC, and DG-T510N—successfully obtained CQC certification from the China Quality Certification Centre and UL certification in the United States, marking that the quality, safety performance, and compliance level of the company’s transparent ABS products have entered the advanced ranks of the industry.

The Ningxia Yinglite PVC production line 5 began maintenance on July 20, with a planned duration of about 10-15 days. The quoted price has been reduced by 50 yuan/ton, with the ex-factory reference price for calcium carbide method grade 5 material at 4350 yuan/ton on acceptance, and grade 3 material at around 4550 yuan/ton. Discounts are available for actual orders, subject to negotiation.

July 17 report: The 400,000 tons/year ABS plant of Shandong Lihua Yi is currently operating at 50% capacity. Today, the ex-factory price has been reduced by 100 yuan/ton, with M347 quoted at 9,800 yuan/ton, and there is no stock of ABS polymer AG-120.

Reported on July 17: Lianyungang Petrochemical (Satellite) lowered its ex-factory PS prices by RMB 100/ton. Effective immediately, grade 525 is quoted at RMB 9,400/ton, grade 535T at RMB 9,400/ton, grade 535M at RMB 9,400/ton, modified benzene 88 at RMB 9,850/ton, and grade 888 at RMB 10,050/ton. The plant capacity is 400,000 tons/year. Prices are ex-works for self-pickup, subject to negotiation on a per-order basis.

On July 16, 2026, Rongsheng Petrochemical announced that it had formally signed the Project Development Agreement for the Jintang New Materials Project with Saudi Basic Industries Corporation (SABIC). Under the agreement, Rongsheng Petrochemical and SABIC are evaluating SABIC’s potential investment in holding not less than 30% and not more than 50% of the equity in Rongsheng New Materials for the purpose of the new project. The two parties will successively sign the full set of cooperation documents, including the joint venture agreement, technology license agreement, and technical service agreement, and will carry out comprehensive cooperation in related advanced technology fields.

Reported on July 16: Lianyungang Petrochemical (Satellite) PS ex-factory prices rose by RMB 50-100/ton. The latest prices are as follows: 525 at RMB 9,500/ton, 535T at RMB 9,500/ton, 535M at RMB 9,500/ton, modified benzene 88 at RMB 9,950/ton, and 888 at RMB 10,150/ton. Production capacity is 400,000 tons.

  On July 16, it was reported that the refined oil pricing adjustment window will open again at 24:00 on July 17. Today, industry agency Longzhong Information learned that the expected increase in refined oil prices is around 250 yuan per ton, equivalent to about 0.18 yuan per liter. If implemented, this would mark the ninth increase of the year. According to calculations, based on a 70-liter fuel tank, private car owners would need to pay about 13 yuan more to fill a tank of gas. However, the final adjustment amount is subject to the official announcement.

July 15 OverseasThe message indicates,An important private olefin enterprise in eastern ZhejiangA sudden failure occurred in the ethylene cracking furnace of Ningbo Huatai Shengfu Polymer Materials Co., Ltd. (Ningbo Huatai).The cracker shut down unexpectedly around July 13, 2026.The entire device has been shut down for emergency stoppage of feed, and this shutdown is classified as an unexpected non-scheduled temporary production halt, rather than an annual planned maintenance. The news has quickly attracted the attention of the petrochemical industry chain in the Yangtze River Delta.Further details regarding the duration of the shutdown remain uncertain.

July 15 report: Sinopec East China raised ABS prices by RMB 300-350/ton. 275 is quoted at RMB 9,300/ton, 8391 at RMB 9,900/ton, 3504 at RMB 12,000/ton, 8434 at RMB 123,000/ton, and 3513 at RMB 12,100/ton. Shanghai Gaoqiao has an ABS production capacity of 300,000 tons/year.