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.

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.

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.

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.

Recently, the high-density polyethylene unit of Sino-Korean Petrochemical successfully completed the continuous production of three new grades of products, all of which met performance standards. This marks the first time since the unit was put into operation that three new products have been produced consecutively within the same production cycle, signifying a phased breakthrough for the company in optimizing its product mix and advancing toward higher-end development.

July 9 report: Huizhou Renxin PS prices increased by CNY 100/ton. Transparent-grade 525B and 535N were quoted at CNY 9,500/ton, 535T at CNY 9,700/ton, general-purpose grade RH-825 at CNY 10,600/ton, and RH-825G at CNY 10,800/ton; discounts are available for actual orders. The company’s PS plant has a capacity of 300,000 tons/year.

July 9 report: The production capacity of Liaoning Jinfa ABS unit is 600,000 tons per year. Today's price is closed and not quoted.

July 9 report: Ningbo Formosa Chemicals has raised its ABS quotations by RMB 600/ton. The price for 15A1 is RMB 11,100/ton, and the price for 15E1 is RMB 11,000/ton. This week, prices are negotiated on a case-by-case basis. The company’s ABS plant has an annual production capacity of 750,000 tons.

On July 8, it was reported that Ningbo Formosa Plastics had raised its ABS prices by RMB 400/ton. The quoted price for 15A1 was RMB 10,500/ton, and the quoted price for 15E1 was RMB 10,400/ton. This week, one deal was concluded through one-on-one negotiation. The company’s ABS plant has an annual capacity of 750,000 tons.

Reported on July 8: Sinopec East China ABS price increased by 200 yuan/ton, 0215A listed at 9,100 yuan/ton, GE150 at 9,100 yuan/ton, Jieyang 0215A listed at 9,100 yuan/ton, 750ASQ listed at 9,100 yuan/ton. PetroChina's Daqing Petrochemical ABS unit has a capacity of 300,000 tons per year, and Jilin Petrochemical ABS unit has a capacity of 1.2 million tons per year.

Recently, Satellite Chemical (002648.SZ) disclosed its 2026 semi-annual earnings forecast, stating that the company expects to achieve a net profit attributable to shareholders of RMB 6.0 billion to RMB 7.0 billion in the first half of 2026, representing a year-on-year increase of 118.68% to 155.13%.The reasons for performance growth include advantages in industrial chain integration and a diversified supply chain layout that has buffered cost fluctuations, among others.As a leading integrated light hydrocarbon company, Satellite Chemical focuses on an industrial chain featuring the coordinated development of “C2 + C3.” Driven by rising crude oil prices, profit margins for C2 products (ethylene and downstream derivatives produced from ethane) and C3 products (deep-processing products with propylene as the core feedstock) have generally increased this year. Leveraging its “gas-based” route that uses light hydrocarbons such as U.S. ethane and propane as core feedstocks, the company benefits from both lower raw material costs and recovering product prices, highlighting its advantages over the naphtha-based route.