Recently, CNOOC Ningbo Daxie Petrochemical Co., Ltd.'s 100,000-ton/year polyolefin elastomer project has been approved for record. The project will utilize 60 acres of unused land within the Daxie Petrochemical plant area to purchase reactors, tower vessels, pumps, and other dynamic and static equipment, and to construct a 100,000-ton/year polyolefin elastomer project, while also improving related supporting facilities.

According to the Hong Kong Stock Exchange disclosure,Binhua GroupBinhu Chemical Co., Ltd. (abbreviated as "Binhu Group") has submitted a listing application to the main board of the Hong Kong Stock Exchange, with Huatai International and CCB International as its joint sponsors. According to the prospectus, Binhu Group maintains a leading position in the chlor-alkali chemicals industry, while achieving rapid growth in the petrochemical C3 and C4 products and wet electronic chemicals fields. The prospectus shows that Binhu Group is a domestically leading comprehensive chemical group driven by technological innovation and green low-carbon principles. The company was founded in 1968 and has been deeply involved in the chemical industry for over 50 years. Binhu Group's business areas include three core segments: chlor-alkali chemicals, C3 and C4 chemicals, and wet electronic chemicals, and it possesses a comprehensive product portfolio. Core products include caustic soda,Propylene oxideAs of 2024 revenue, Binhu Chemical Group is the largest producer of granular caustic soda and other products in China; as of June 30, 2025, it is the largest private producer of propylene oxide in China by production capacity. By June 30, 2025, it has three manufacturing bases, over 2,500 employees, and a high utilization rate of production units. The company is also one of the few domestic manufacturers capable of producing electronic-grade hydrofluoric acid used in advanced semiconductor processes.

Since October, the domestic EVA market has seen a loosening in supply and demand. On the supply side, petrochemical facilities have undergone fewer maintenance shutdowns and have maintained stable high production loads, resulting in abundant supply. Meanwhile, downstream demand from the main photovoltaic sector has slowed, and new orders for foamed footwear materials, both domestically and internationally, have been weak, leading to a lack of follow-up demand. Transactions have consistently struggled to improve. Additionally, with the upcoming commissioning of new facilities by Hanwha, expectations for increased domestic supply have risen, causing a significant drop in auctioned goods and intensifying bearish market sentiment. Faced with pressure from financial constraints, holders of inventory have increased their selling activities, leading to a rapid and wide decline in market prices.

Under the leadership of BYD and MG, Chinese automakers continue to make progress in the European market. In September, the sales of Chinese car brands in Europe surged by 149%, reaching 90,571 units, with a record market share of 7.4%, compared to only 3.3% a year ago.

According to the Qichacha app, SAIC Forward Automotive Technology (Shanghai) Co., Ltd. was recently established with a registered capital of 20 million yuan. Its business scope includes the research and development of auto parts, sales of intelligent power distribution and control equipment, sales of charging piles, wholesale of computer software, hardware, and auxiliary equipment, among others. Qichacha's equity penetration shows that the company is wholly owned by SAIC Group.

On October 23, Nexperia China Co., Ltd. released a bilingual "Letter to Customers," stating that the current management of Nexperia in the Netherlands is spreading information that is inconsistent with the facts, unjustifiably questioning the compliance, quality standards, and technical capabilities of the products, and attempting to confuse and interfere with customers' normal purchasing decisions. The company firmly opposes this and will take all measures to protect its rights legally. Meanwhile, Nexperia China Co., Ltd. promises that all products manufactured and delivered in China comply with Chinese laws and regulations and the requirements of relevant regulatory authorities, fully meet Nexperia's consistent technical standards, production processes, and quality requirements, comply with all contractual agreements with customers, and pass the company's strict quality inspection during the factory inspection stage. Should there be any changes or adjustments regarding product supply, production processes, or technical standards, the company will communicate with customers in advance according to normal procedures. Currently, the production and operations of Nexperia's Chinese entity are progressing in an orderly manner, and the company's board of directors, management, and all employees are making every effort to ensure the stability of the supply chain for our valued customers.

Lotte Chemical's Malaysian subsidiary, Lotte Chemical Titan, recently announced that its $3.95 billion steam cracking facility and derivatives complex in Merak, Cilegon, Indonesia has commenced commercial operations. The project, named the "Lotte Chemical Indonesia New Ethylene Project" (LINE), is developed by Lotte Chemical Titan's subsidiary, PT Lotte Chemical Indonesia. In a statement submitted to the Malaysian Stock Exchange on October 15, Lotte Chemical stated that the project successfully began commercial operations on October 15, 2025.

Ningxia Baofeng Energy Phase IV Olefin New Material ProjectSignificant progress has been made. The main structure of the PP device extrusion and granulation plant has recently been completed.Completed the topping-out 52 days ahead of schedule....laid a solid foundation for the overall completion of the project in the later stages. This project...Total investment of 20.5 billion yuan.is a key project of Baofeng Company that focuses on its main business and strengthens its****.Construct a new 300,000 tons/year polypropylene plant and a 250,000 tons/year EVA plant.During the construction process, the project team implemented meticulous management by establishing a "daily safety inspection + weekly special inspection" mechanism, which cumulatively eliminated over 330 safety hazards, achieving zero safety incidents throughout the entire process. Upon completion, the project will further enhance Baofeng Energy's capacity in the polyolefin new materials sector, optimize the product structure, and provide the market with more high-quality polypropylene and EVA products.

U.S. crude oil main contract closed higher.3.74% 59.38 /Barrel; Brent crude oil main contract rises3.54% 63.49 / Trump cancels meeting with Putin.U.S. Treasury Secretary Yellen stated that significant sanctions against Russia are expected to be greatly strengthened.EIACrude oil inventory decreases96.1The price of oil is rising due to favorable factors on both the supply and demand sides.

According to the latest news from CCTV, local time22On [date], the U.S. Department of the Treasury announced that it will impose sanctions on two large Russian oil companies, including Rosneft and Lukoil. The U.S. Department of the Treasury also sanctioned a series of subsidiaries in Russia that are directly or indirectly owned by these two companies.50%Entities with 50% or more equity will be sanctioned.

Toyota Motor Corporation has acquired all shares of its affiliated company, Toyota Industries, for approximately 2.2 trillion yen, leading to its delisting. This marks the largest internal consolidation in Toyota's history and signifies a transformation in the governance structure of Japanese companies. Akio Toyoda is attempting to dismantle the cross-shareholding system that has supported the "Toyota Group" for nearly a century and promote industrial transformation. After the acquisition, Toyota Motor will directly control the upstream manufacturing process, enhance supply chain transparency and production efficiency, reduce costs, and decrease external dependence. Akio Toyoda's reform intentions have long been evident, as he reduces the proportion of cross-shareholdings between manufacturers to give them greater operational independence and raises funds to increase investment in the latest technologies and equipment.

Ningde Times released its third-quarter report for 2025, reporting total revenue of 104.2 billion yuan, a year-on-year increase of 12.9%, and a net profit of 18.55 billion yuan, a year-on-year increase of 41.2%. The company is advancing global capacity construction, with significant domestic expansion and remarkable results in overseas layout. The world's first NP3.0 technology and Shenxing Pro battery have been launched, enhancing safety and performance. The sodium-ion battery has passed new national standard certification, accelerating its entry into broader applications. Strategic cooperation has been established with JD Group and others to build a green energy ecosystem. Advocating "born for recycling," the company is leading the sustainable development of the global battery industry.

According to a recent report by global energy and chemical market information service provider Argus Media, Dow Chemical is considering delaying the restart of its integrated net-zero emissions polyethylene project in Canada by 1 to 2 years and plans to announce the specific timeline for the project's restart by the end of 2025. Initially, Dow Chemical planned to start production of the first phase of the project by the end of 2027, with an expected annual output of 1.3 million tons; the second phase was scheduled to begin production in 2029, with an expected additional annual output of 600,000 tons. Dow Chemical CEO Jim Fitterling stated, "Aligning the project's production timing with market peaks is key to maximizing returns, and the current market environment is not the right time to start the project. However, this does not change the competitiveness of the project, and the company still believes it is a high-quality project."

On October 20, the 270,000 tons/year propylene oxide/styrene monomer (PO/SM) unit of the Guangxi Petrochemical refinery and petrochemical integration transformation and upgrading project successfully commenced operation, marking the official entry into production of China's first independently designed, procured, and constructed PO/SM unit by China National Petroleum Corporation.

Recently, the 400,000-ton/year polypropylene unit of the Guangxi Petrochemical Refining and Chemical Integration Transformation and Upgrade Project, undertaken by the Guangxi Project Department of the Third Branch Company, successfully produced its first batch of qualified products and was successfully started up in one go. This unit adopts the Unipol gas-phase fluidized bed reaction polymerization patented technology from Grace Company in the United States. It is the unit with the longest process flow, the largest number of equipment, the most variety, and the widest range of producible product grades among the domestic applications of the same process technology. The unit can produce a full range of 254 grades of products including homopolymers, ethylene-propylene random copolymers, impact copolymers, propylene-butene random copolymers, and terpolymers. The unit commenced construction on December 10, 2023, and began feeding and start-up on October 15, 2025, with a construction period of 22 months.

October 20 report: Shandong Lihua Yi's 400,000 tons/year ABS unit is currently operating at 50% capacity. Today, the ex-factory price is reduced by 50 yuan/ton, with M347 quoted at 8,400 yuan/ton, and ABS polymer AG-120 is out of stock.

Recently, a major breakthrough has been achieved in the PP3 unit of Yulin Chemical Company with the successful one-time production of a new grade of ultra-high melt flow impact-resistant polypropylene, EP640V. This marks a new breakthrough in the company's research and innovation in the field of high-end chemical new materials. It is reported that the core indicators of the EP640V product are outstanding, with a melt flow index of 100±15.0g/10min, combining high fluidity, high rigidity, and high impact resistance, along with excellent chemical stability and creep resistance. Moreover, this product has high processing efficiency and can be used to prepare large thin-walled injection molding products, effectively achieving material lightweighting. It is widely adaptable to the automotive industry, household appliances, logistics industry, and electronics and telecommunications fields, with broad market application prospects.

On October 16, 2025, Daicel Corporation (hereinafter referred to as "Daicel") and its wholly-owned subsidiary Polyplastics Co., Ltd. (hereinafter referred to as "Polyplastics") announced a group corporate restructuring plan, with the core content being Polyplastics.Engineering plasticsComprehensive integration of the sector. According to official disclosed information, this reorganization adopts the "acquisition and separation" model, with the key timeline set for April 1, 2026. Daisilu has clearly stated that the core goal of this engineering plastics sector integration is to maximize the value of the group enterprise.

On October 16, TBEA announced that in order to enhance the market share of the company's medium and high-end cable products, such as those used in nuclear power and rail transit, its wholly-owned subsidiary, Electrical Equipment Group, signed a "Share Transfer Agreement" with Zheng Lianyuan and 49 other individuals, as well as Yangzhou Fumao Enterprise Management Partnership. The Electrical Equipment Group is acquiring 225 million shares of Shuguang Cable for 946 million yuan, which accounts for 74.1942% of its total equity. Shuguang Cable is a manufacturer of wires and cables, offering a full range of ultra-high voltage, medium, and low voltage power cables of up to 500kV. The company specializes in high-tech special cables such as 1E K1 and K3 cables used in nuclear power plants, wind energy cables, photovoltaic cables, and rail transit cables, with a product line covering more than 20 series.

On October 16, Cangzhou Mingzhu announced that the company's controlling shareholder...Dongsu Groupand its persons acting in concert plan to transfer 167 million shares of the company they hold (accounting for 10.00% of the company's total share capital on the agreement signing date) toGuangzhou Light IndustryAt the same time, the voting rights corresponding to the remaining 160 million shares (accounting for 9.58% of the company's total share capital on the date of the agreement) will be entrusted to Guangzhou Light Industry. If the transfer is completed,Guangzhou Light IndustryWill become the controlling shareholder of the company.Guangzhou State-owned Assets Supervision and Administration CommissionWill become the actual controller of the company. Review: Cangzhou Mingzhu's introduction of Guangzhou State-owned Assets as the controlling shareholder is a typical example of a "state-owned capital takeover" change in control. This move not only can bring funding and resource support to the company but also is expected to leverage the state-owned background to enhance its credibility and market position in the new energy materials field. For the original controlling shareholders, this is a way to "cede control while retaining some benefits" as an exit strategy. In the future, how the new actual controller empowers the company...Cangzhou MingzhuThe business development will be the focus of market attention.