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.

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.

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.

Liaoning Dingjide Petrochemical Co., Ltd. (hereinafter referred to as "Dingjide") has announced good news regarding its 200,000 tons/year POE (polyolefin elastomer) high-end new material project. According to the progress announcement disclosed by Dingjide on the evening of October 16, the project has officially commenced production and successfully produced qualified POE products. Dingjide stated that the commissioning of the POE industrialization facility is a milestone in the company's strategic development, marking the company's transformation from a producer of fine chemical additives and catalysts to a diversified manufacturer of new materials and fine chemicals.

Recently, the Huajin Aramco Petrochemical and Raw Material Engineering Project has reached another milestone. Seven refining units, including a 15 million tons/year atmospheric and vacuum distillation unit and a 4.2 million tons/year high-propylene catalytic cracking unit, have achieved simultaneous mechanical completion. The construction of the core process units in the refining segment of the project has made decisive progress, laying a solid foundation for subsequent feedstock trial runs.

According to a customer letter seen by Platts, a division of S&P Global Commodity Insights, LG Chem Ltd. announced plans to close its high-density polyethylene (HDPE) plant located in Daesan, South Korea, on October 14. While the company stated that more details regarding the timeline are still pending, this announcement comes after a prolonged period of weak trading activity in East Asia. "The petrochemical industry in South Korea is currently facing severe profitability challenges, leading to structural adjustments and business redeployments across the entire industry," the company stated.

Reported on October 15: Shandong Haijiang ABS price reduced by 200 yuan/ton, implemented at 8,500 yuan/ton for self-pickup, with a negotiation space of 100-200 yuan/ton for actual transactions.

Reported on October 15: Sinopec South China ABS listing price down by 200 yuan/ton. Jieyang 0215A listed at 9000 yuan/ton, 0215H reported at 9000 yuan/ton, 0215E listed at 9000 yuan/ton, HF681 listed at 9000 yuan/ton, 2437 listed at 8300 yuan/ton.

According to the latest estimates from Dow, its Poly5 and Poly7 units used for polyethylene (PE) production at the facility in Freeport, Texas, are expected to restart "within the next week" following the shutdown caused by the fire on October 6. A spokesperson for the American chemical company stated that it is currently unclear when the Poly6 polyethylene unit, where the fire originated, will be able to resume production.

On October 14, it was reported that Lianyungang Petrochemical (Satellite) has lowered the ex-factory prices of PS by 50 yuan/ton. The price for 525 is 7,450 yuan/ton, 535T is 7,500 yuan/ton, 535M is 7,500 yuan/ton, modified benzene 88 is 8,050 yuan/ton, and 888 is 8,650 yuan/ton, with a capacity of 400,000 tons.

On October 14, the National Development and Reform Commission issued the "Special Management Measures for Central Budget Investment in Energy Conservation and Carbon Reduction." The measures mention energy conservation and carbon reduction projects in key industries. Support is provided for energy conservation and carbon reduction transformations in key industries such as electricity, steel, non-ferrous metals, building materials, petrochemicals, chemicals, and machinery. Support is also given for energy conservation and carbon reduction transformations that are systematically deployed and implemented on a large scale in industrial parks and industrial clusters. Additionally, support is offered for energy conservation and carbon reduction transformations in infrastructure such as heating and computing power. The measures mention clean substitution projects for coal consumption, supporting low-carbon transformations of coal-fired power units and coal chemical projects. Furthermore, support is provided for industries such as food, tobacco, textiles, paper, and dyeing to implement clean energy substitution for coal-fired boilers and industrial kilns. Support is also available for urban and rural residents to use geothermal energy and biomass energy for heating.

AP Moller Holding's subsidiary Vionio announced that it has postponed its final investment decision (FID) for a €1.5 billion green polyolefins project in Antwerp, Belgium, to mid-2026. The project, which has an annual production capacity of 300,000 tons, will use renewable methanol from China as feedstock for a methanol-to-olefins (MTO) plant. The green ethylene and propylene produced by the MTO plant will supply downstream polyethylene (PE) and polypropylene (PP) facilities. However, the project is still scheduled to start production in 2029.

Recently, the high-temperature cooking film polypropylene new product independently developed by Zhenhai Refining & Chemical Co., Ltd. successfully completed its first trial production, yielding 346 tons of product that meets quality standards. High-temperature cooking film polypropylene is a high-performance polymer material with excellent properties such as high temperature resistance, tensile strength, and mechanical strength. It can be widely used in food packaging fields such as cooked food and pet food, offering high added value and broad market application prospects.