To strengthen expectations guidance and industry self-regulation, the China Petroleum and Chemical Industry Federation organized relevant professional associations and consulting agencies to analyze and assess the current capacity, output, apparent consumption, imports and exports, planned and under-construction capacity, and the capacity and market demand five years from now for some chemical raw materials and new chemical materials. The results show that 15 products face the risk of market oversupply. Among them: propylene oxide, epichlorohydrin, acrylonitrile, polyvinyl chloride, chlorinated paraffin, polysiloxane, acrylonitrile-butadiene-styrene terpolymer (ABS), poly(butylene adipate-co-terephthalate) (PBAT), polyether polyols, 1,4-butanediol (BDO), nylon 66, and vinyl acetate are 12 products classified as high-risk; polypropylene, soda ash, and titanium dioxide are 3 products classified as relatively high-risk.

Beijing Waterproof Technology Co., Ltd. announced on February 14th that the acquisition of 60% equity in Brazil Novakem Indústria Química Ltda. by its wholly-owned subsidiary, Oriental Yuhong Brazil Co., Ltd., has been completed. The core decision for this transaction was approved by the company's board of directors in December 2025, with a transaction price of approximately 108 million Brazilian Reals (approximately 144 million RMB at the exchange rate on the signing date).

Recently, all four production lines of Tian Ding Feng's Saudi factory, a core non-woven fabric enterprise under Oriental Yuhong, have been put into full operation, marking the further improvement of the company's global capacity layout and the acceleration of its internationalization strategy. At the same time, Tian Ding Feng's Changde factory was awarded the title of "National Green Factory." According to the company, Tian Ding Feng's Changde factory has continuously tackled challenges in energy decarbonization, resource efficiency, and cleaner production by implementing a series of practical measures such as energy-saving renovation of air compressors, power quality management, deployment of photovoltaic energy storage systems, and recycling of production resources, resulting in significant achievements in green production.

According to the China Trade Remedy Information Network, on February 10, 2026, the U.S. Department of Commerce issued an announcement regarding the third affirmative final determination of the antidumping sunset review on polyethylene terephthalate (PET) film imported from China and the United Arab Emirates. The Department ruled that the revocation of the existing antidumping duties would likely lead to the continuation or recurrence of dumping of the subject products from China at a dumping margin of 76.72%, and from the United Arab Emirates at a dumping margin of 4.05%. The U.S. Harmonized Tariff Schedule (HTSUS) number for the products involved is 3920.62.00.90.

Recently, Heng Hui Security (300952.SZ) stated on its interactive platform that the company's 4,800-ton ultra-high molecular weight polyethylene fiber project is progressing smoothly. Some production lines have been completed and achieved stable mass production, and the product quality and supply capacity have been highly recognized by downstream customers. In 2026, the overall project will be in a stage of steady capacity ramp-up. The company will reasonably arrange and release capacity in stages, combining production line debugging, process optimization, market expansion rhythm, and downstream order acquisition, striving to achieve full capacity release of the project before the end of 2026. This will further enhance the company's supply capacity and market competitiveness in the high-end fiber field, better supporting application needs in various fields such as safety protection, marine ropes and nets, commercial aerospace, robotics, and high-end composite materials.

Overseas market news: BASF's TDI plant in Korea is scheduled for a planned maintenance shutdown from February 25 to March 15, 2026. The plant has an annual capacity of approximately 160,000 tons.

  On February 12, the British automotive industry faced severe challenges, with total car production in 2025 plummeting to 717,371 units, the lowest since 1956. Including commercial vehicles, the total output was 764,715 units, a year-on-year decrease of 15.5%, returning to 1952 levels. Compared to the 1.7 million units produced in 2016, the scale of the UK automotive industry has more than halved in less than a decade. Jaguar Land Rover, the UK's largest car manufacturer, suffered a cyberattack last year, leading to a factory shutdown for over a month, which dealt a significant blow to the industry. Commercial vehicle production fell by 62% in 2025, mainly due to Stellantis closing its Vauxhall plant in Luton, UK, and consolidating production operations at its Ellesmere Port plant in Cheshire. Furthermore, tariff policies have also impacted the UK automotive sector, with approximately 78% of car production destined for export. Last year, Trump imposed additional tariffs on British cars, raising them from 2.5% to 10%, which restricted exports from automakers such as Jaguar Land Rover and Aston Martin to the US. Nissan and Jaguar Land Rover's decision to halt production of several older models and adjust production lines in preparation for new generation electric vehicles also contributed to the decline in output.

According to the Tianyancha App, Shenzhen Blue Zeekr Automobile Sales and Service Co., Ltd. was recently established with Zhu Qiqian as its legal representative and a registered capital of 10 million RMB. Its business scope includes the sale of new energy vehicles, sale of new energy vehicle electrical accessories, retail of auto parts, wholesale of auto parts, sale of mechanical equipment, retail of hardware products, used car brokerage, and motor vehicle appraisal and evaluation. Shareholder information shows that the company is wholly owned by Zhejiang Zeekr Automobile Sales Co., Ltd.

The performance breakthroughs in 3D printing technology are crucial for the development of cutting-edge fields such as biomedicine, nanotechnology, and advanced manufacturing. Chinese scientists have developed a new 3D printing technology that can complete high-resolution 3D printing of millimeter-sized complex objects in just 0.6 seconds, setting a new record for the fastest 3D printing speed known to date. This achievement was published online in Nature in the early hours of the 12th.According to a Guotai Haitong Securities research report, the 3D printing market is experiencing rapid growth due to the increasing demand in the industrial sector for shorter R&D cycles, lightweight parts, and personalized/integrated molding, as well as the demand for personalized customization in the consumer sector. The global 3D printing market size is $21.9 billion in 2024 and is projected to reach $115 billion by 2034, with a CAGR of 18%. In China, the 3D printing industry market size is 41.9 billion yuan in 2024, with a CAGR of 19.42% from 2020 to 2024.

Nissan Motor now expects a full-year operating loss of ¥60.0 billion, compared to a previous forecast loss of ¥275.0 billion.

Lenovo CEO: Overall PC market revenue will continue to grow in 2026. Memory supply shortages may present opportunities for Lenovo. PC demand is expected to shift toward high-end models by 2026. The infrastructure business is expected to achieve profitability in the fourth fiscal quarter. PC market shipments are projected to decline slightly in 2026, but unit prices will rise. Lenovo is pivoting toward the AI inference market as demand grows. Lenovo is raising PC prices to offset soaring memory chip costs.

CLS CN, Feb 12 — No new stocks are available for subscription today. One new stock, Haisheng Medical, is listed on the Beijing Stock Exchange. New stocks listed today Haisheng Medical is a global provider of integrated medical devices for anesthesia and patient monitoring.The company's main business is the research and development, production, and sale of anesthesia and monitoring medical devices, with products widely used in terminal clinical needs in departments such as anesthesiology, ICU, and emergency medicine. The company's operating revenue for 2023-2025 is 306 million RMB, 304 million RMB, and 345 million RMB, respectively; the net profit is 78.04 million RMB, 70.92 million RMB, and 85.82 million RMB, respectively.

The Ministry of Education today (December 12th) released the "Opinions on Deepening the Reform of Key Elements in Vocational Education Teaching," which proposes: dynamically adjusting the setup of majors, actively adding new ones, eliminating oversupplied ones, and upgrading existing majors. Focusing on the goal of cultivating highly skilled talents, increase the overall coordination of major setting adjustment and optimization, and strictly implement the "red and yellow card" warning system. Utilize big data and artificial intelligence to accurately predict the supply and demand of talent cultivation in key areas, providing a scientific basis for dynamic major adjustment. Explore the establishment of a fast response channel for adding new majors, focusing on emerging and future industries, with emphasis on adding new majors in fields such as the low-altitude economy, artificial intelligence, high-end equipment, urban renewal, and essential needs of people's livelihoods. Promptly eliminate majors with weak operating conditions, poor quality, and low employment rates, avoiding a "large and scattered" or "weak and comprehensive" major layout. Around the direction of intelligence, greening, and integration, transform and upgrade existing majors, and continuously promote the iterative updating of professional talent training programs. Encourage and support local areas to set up regionally distinctive majors based on local conditions. Encourage school-enterprise joint development and application for national professional teaching standards, and distinctive majors can be suffixed with the name of the school, enterprise, or region in parentheses.

According to CLS on February 11th, CLS reporter learned that Wang Fang, Chief Scientist of China Automotive Technology & Research Center (CATARC), recently stated at an industry conference that GB/T "Solid-state batteries for electric vehicles Part 1: Terminology and classification" completed the draft for comments in December 2025, and the comment period will last until February 28, 2026. CATARC will organize verification tests from January to February 2026 to further improve the test methods and confirm the judgment indicators; it is expected to be reviewed and approved in April 2026 and officially released in July. It is reported that the national standard will clarify the terminology and definitions of liquid batteries, hybrid solid-liquid batteries (semi-solid-state batteries), and solid-state batteries (all-solid-state batteries).

The latest data released today by the China Association of Automobile Manufacturers shows that China's auto industry maintained stable operation in January 2026. In January, automobile production and sales reached 2.45 million and 2.346 million units, respectively, with production increasing by 0.01% year-on-year and sales decreasing by 3.2% year-on-year. Among them, the new energy vehicle market operated steadily, with production and sales reaching 1.041 million and 945,000 units, respectively, a year-on-year increase of 2.5% and 0.1%. In addition, the commercial vehicle market continued its positive trend, with both production and sales maintaining double-digit year-on-year growth in January. In terms of automobile exports, growth continued in January. Among them, new energy vehicle exports maintained rapid growth, with 302,000 units exported, a year-on-year increase of 100%.

Daicel Corp. has adjusted its business plan for its consolidated subsidiary, TOPAS Advanced Polymers GmbH, postponing the production start-up of its new cyclo-olefin copolymer (COC) plant in Germany, as reported by CPRJ on February 11. Originally scheduled to begin production in April 2026, the plant is now postponed to the fourth quarter of the fiscal year ending March 2027. The company stated that the postponement is due to lower-than-expected market demand growth influenced by the EU's Packaging and Packaging Waste Regulation (PPWR), as well as significant increases in construction and labor costs.

On February 10th, ExxonMobil released its 2025 financial report, stating that the company's foundation is now more solid. In terms of key financial figures, ExxonMobil's total revenue for 2025 was $332.2 billion, net profit was $28.8 billion, and operating cash flow for the full year reached $52 billion. Earnings per share for 2025 were $6.70, and capital and exploration expenditures were $28.4 billion. Looking at the fourth quarter of 2025 alone, the company's total revenue was $82.3 billion, net profit was $6.5 billion, and operating cash flow was $12.7 billion. Earnings per share for the quarter were $1.53, and capital and exploration expenditures were $7.5 billion.

On February 10th, data showed that among Japan's three major automakers, Toyota and Nissan saw sales increase in China in January, while Honda continued to decline. Toyota's sales increased by 6.6% to 145,500 units, the first year-on-year increase in five months. Nissan increased by 10.1% to 50,024 units, the first increase in two months. Honda's sales decreased by 16.5% to 57,489 units, marking the 24th consecutive month of decline, with the delay in launching new electric vehicles being a contributing factor.

On February 10th, Cailian Press reported that the Alipay Robotaxi ride-hailing mini-program has recently been launched. According to official customer service, Robotaxi is an autonomous driving ride-hailing service platform provided by the Alipay travel channel, currently aggregating autonomous driving service providers such as Pony.ai, but has not yet been officially launched. The Robotaxi mini-program currently operates in parts of five cities, including Guangzhou, Dongguan, Beijing, Wuhan, and Shenzhen, with more cities being gradually connected.

Recently, Hainan Refining & Chemical's full-density polyethylene (FDPE) plant achieved 516 days of continuous safe and stable operation, setting a new industry record for the longest operating cycle of similar units. With production capacity exceeding design specifications and an equipment integrity rate maintained at 100%, the plant has secured a successful start to safe production for 2024.