Qi Xiang Tengda recently stated during a targeted investor survey that the company is continuously exploring new downstream application scenarios for its products, such as the use of methyl ethyl ketone (MEK) in electronic cleaning, maleic anhydride in new environmentally friendly building materials, high-purity anhydrous tert-butanol in semiconductor photoresist diluents, and propylene oxide in new energy vehicle seat filling materials. Simultaneously, the company is advancing key technology breakthroughs through independent research and development, as well as collaboration with research institutes and universities, to accelerate the transformation of scientific and technological achievements into practical applications. Currently, leveraging the advantages of its existing MMA products, the company is steadily extending into downstream high-performance resin materials such as PMMA. It has already initiated small-scale PMMA technology cooperation with research institutes and will subsequently promote pilot-scale and industrialization research.

Yesterday (January 22nd), the polyester staple fiber market price rose sharply. The strong upward trend of polyester raw materials provided solid cost support. Holders raised their quotations following the market. Futures market activity increased, but downstream yarn mills had low acceptance of high-priced goods, resulting in few actual transactions. Cautious sentiment rose in the market. With polyester raw materials continuing to rise, the cost side remained firm, and futures market trading increased. However, downstream yarn mills made only necessary purchases, and industry players operated cautiously. It is expected that the short fiber market will operate on a warm note today, with price fluctuations in the range of 6550-6650 yuan/ton.

In the overnight session, the polyester chain—excluding PX—saw gains of over 2%. Despite the continuous decline in polyester plant operating rates, weak support from the demand side, and an expanding inventory buildup on the balance sheet, the improving macroeconomic atmosphere and overall positive sentiment across the commodities market have mitigated concerns over demand.

East China polyester bottle chip prices closed at 6,035 yuan/ton, up by 55 yuan/ton. With raw materials rising again, costs have pushed up polyester bottle chip factory quotes by 30-80 yuan/ton, shifting the focus upward. January cargo offers are reported at 5,980-6,130 yuan/ton, with bids at 5,950 yuan/ton, resulting in a significant difference between offers and bids, leading to a strong wait-and-see attitude in the industry. The basis for the futures contract 2603 is at a discount of 30 to a premium of 30.

The Indian Ministry of Finance has imposed duties on the import of soft block foam from Saudi Arabia and the UAE.Polyether polyolThe period for imposing anti-dumping duties has been extended to June 17, 2026. On January 2, 2026, the Ministry of Finance of India announced the extension through Customs (Anti-Dumping) Notification No. 01/2026, revising the previous anti-dumping notification issued in April 2021. Soft block foam made from polyether polyols (molecular weight range 3000–4000) is a key raw material for the production of polyurethane foam and is widely used in fields such as furniture, mattresses, automotive seats, and insulation materials. The product in question is classified under the Indian Customs Tariff code 3907 29.

Domo Chemicals Group announced on December 29 that it has filed for bankruptcy protection for its three German subsidiaries - Domo Chemicals GmbH, Domo Caproleuna GmbH, and Domo Engineering Plastics GmbH.

On December 19, the European Commission announced that it will not impose temporary anti-dumping duties on imports of PET resin from Vietnam. However, the investigation will continue, and definitive measures will be published by July 21, 2026. PET companies can submit their opinions on the disclosed information and temporary measures by May 5, 2026.

On December 15, the management and employee representatives of BASF signed an agreement titled"Shaping the future, building a strong development area"The new agreement. The agreement is valid for five years. It will initially apply to BASF employees at the Ludwigshafen plant for three years, from January 1, 2026, to December 31, 2028. If the agreed targets for the return to profitability are achieved, it will automatically be extended for another two years. The new agreement addresses the challenges currently faced by the chemical industry. In an environment filled with economic and geopolitical challenges,The agreement focuses on the competitiveness and adaptability of the factory.。

On December 19, Ascend announced the successful completion of its Chapter 11 restructuring process, becoming a financially stronger company. The restructuring plan, which was approved by the U.S. Bankruptcy Court for the Southern District of Texas on December 9, is now in effect. Chapter 11 is the reorganization chapter in the U.S. Bankruptcy Code. This reorganization is an important initiative for the company to proactively address challenges and move towards high-quality development.The company has achieved the goals set for this restructuring, reducing total long-term debt by approximately $1.3 billion, obtaining a secured credit facility of $350 million, and enhancing liquidity with over $600 million in new capital provided by new shareholders, significantly lowering debt costs.This enables the company to reinvest funds into improving reliability and operational efficiency for future development and long-term growth.

BASFEngineering plasticsThe groundbreaking ceremony for the new factory and supporting warehouse of (Shanghai) Co., Ltd. was held at its Minhang base in the Xinzhuang Industrial Zone. This not only marks a solid and critical step for BASF in its localization strategy, but also injects new vitality into the regional industrial upgrade. At the same time, it lays a solid foundation for enhancing customer service capabilities, becoming another strong testament to BASF's deep commitment to the Chinese market and its continuous innovation and development.

On December 18, Toray Industries, Inc. announced a significant announcement regarding the development of a negative photoresist polyimide film for next-generation semiconductor glass core substrates.New MaterialsThe simultaneous completion of Redistribution Layer (RDL) microfabrication and Through-Glass Via (TGV) electrode resin filling can not only significantly shorten the semiconductor manufacturing process but also considerably reduce costs. Currently, sample evaluation has commenced, with mass production planned to begin in April 2026.

At the beginning of the trading session, PTA and PX rose by over 2%, continuing a three-day rebound and outperforming international oil prices, supported by better-than-expected supply and demand conditions. There have been no new adjustments to domestic PTA facilities, keeping the supply side stable. The restart of previously shut down polyester enterprises has led to better-than-expected performance on the demand side, resulting in an expanded inventory drawdown on the balance sheet.

East China polyester bottle-grade chips closed at 5,670 yuan/ton, with no change in value. Crude oil has dragged down raw material prices, and some polyester bottle-grade chip factories have reported stable prices. The focus is temporarily on a stalemate and consolidation. December offers are quoted at 5,590-5,730 yuan/ton, with some slightly higher at 5,800 yuan/ton or futures contract 2602 at a premium of 20-40. Bids are at 5,570-5,650 yuan/ton.

On December 2, 2025, Kuraray's Elastomer Division announced that it will increase the transaction prices of the following elastomer products produced at the Kashima plant in Japan. This price increase will take effect from January 1, 2026 (or as stipulated by existing supply agreements). All SEPTON™, HYBRAR™, and TU-Polymer products produced at the Kashima plant will see an increase of $1/kg (approximately RMB 7,070/ton).

On December 5, 2025, Asahi Kasei announced that it will cease production of hexamethylenediamine (HMD) as part of its ongoing efforts to optimize its product portfolio, aimed at improving capital efficiency and enhancing company profitability.

On December 5, Haitai Technology responded to questions on the investor interactive platform, stating that the company is actively exploring the PEEK modified materials market, and currently has not yet formed any orders or sales.

Gelonghui, December 4th – Nanshan Zhishang (300918.SZ) stated on the investor interaction platform that the company's ultra-high molecular weight polyethylene fibers are positioned in the high-end market and can be widely used in military and civilian fields, including military protective series fibers of 400D, 800D and above, marine rope network series fibers of 1000D-1600D, colored fibers, fine denier fibers, and other full category products. In military equipment, ultra-high fibers are important materials, especially in the manufacturing of bulletproof vests, bulletproof helmets, and protective armor, due to their high abrasion resistance and toughness, making them the preferred material. Ultra-high materials can also be applied in battery separator fields. The company has relevant production capabilities in technology and materials and will continue to pay attention to industry dynamics. If suitable market opportunities arise, the company will steadily advance its related business layout.

On November 30, the Ministry of Commerce announced the initiation of a sunset review investigation for anti-dumping measures applicable to imported polyphenylene sulfide originating from Japan, the United States, South Korea, and Malaysia. On November 30, 2020, the Ministry of Commerce issued Announcement No. 53 of 2020, deciding to impose anti-dumping duties on imported polyphenylene sulfide originating from Japan, the United States, South Korea, and Malaysia starting from December 1, 2020. The tax rates range from 23.3% to 220.9%, with Japanese companies facing rates of 25.2% to 69.1%, U.S. companies 214.1% to 220.9%, South Korean companies 26.4% to 46.8%, and Malaysian companies 23.3% to 40.5%. The duration of the measures is five years. On October 28, 2021, the Ministry of Commerce issued Announcement No. 34 of 2021, deciding that Idemitsu Composite Materials Co., Ltd. would inherit the tax rates and other rights and obligations applicable to Idemitsu Kosan Co., Ltd. in the anti-dumping measures on polyphenylene sulfide. On October 14, 2022, the Ministry of Commerce issued Announcement No. 26 of 2022, deciding that HDC Polymers Co., Ltd. of South Korea would inherit the tax rates and other rights and obligations applicable to SK Chemicals Co., Ltd. in the anti-dumping measures on polyphenylene sulfide.

According to Business Society, during the 14th Five-Year Plan period, Pingdingshan plans to invest over 80 billion yuan in key nylon new material projects, aiming to achieve a production capacity of 1 million tons of caprolactam, 1 million tons of adipic acid, and 1 million tons of nylon 66 chips.

Korea raises anti-dumping duties on Chinese PET films. The Korean trade regulatory agency stated that Korea has increased the anti-dumping duties on imported polyethylene terephthalate (PET) films from two Chinese manufacturers and their affiliates, effective from November 20, citing the need to protect the market share of domestic enterprises in Korea.