Oriental Yuhong Issues Another Price Increase Notice for Engineering Waterproof Materials on March 19

  As of March 20, the domestic PVC market has been experiencing a volatile upward trend, with the price of SG-5 in East China around 5,690 yuan/ton, an increase of 77 yuan/ton from last week. The market is being supported on one hand by the continuous rise in ethylene prices, which has significantly increased the cost of ethylene-based PVC. On the other hand, there is an increasing expectation of overseas PVC production cuts, which presents opportunities for domestic exports. In the short term, with crude oil prices remaining high, support for PVC will continue. However, domestic demand is weak, and the high prices are not being effectively passed on to downstream, indicating that PVC prices are likely to continue in a strong but volatile trend.

Recently, Celanese, a global specialty materials and chemical company, announced that it will increase prices for a range of engineering materials products due to recent market developments and global supply chain disruptions, among other factors. This price increase will take effect on April 1, 2026, or as otherwise specified in the contract.

On March 19, Beijing Oriental Yuhong Waterproof Technology Co., Ltd. officially released a notice on the price adjustment of engineering waterproof materials, announcing that from March 31, the prices of engineering waterproof products will be increased by 8%-12% based on the current level. This is the second price adjustment initiated by Oriental Yuhong in a short period, following a 10% increase on March 15, which has attracted widespread attention in the industry.

  March 19th, according to Reuters citing sources, the Yanbu port in Saudi Arabia has resumed oil loading operations. Previously, the Yanbu port suspended crude oil loading after the Saudi Ministry of Defense stated that it intercepted a ballistic missile over Yanbu city. After Iran effectively closed the Strait of Hormuz, Yanbu port became one of the two remaining main export channels for Gulf Arab countries' oil. The Saudi Ministry of Defense earlier stated that a drone crashed at the SAMREF refinery, and the damage is currently being assessed.

Wanhua Chemical announced on March 18 that, according to the characteristics of chemical production processes, to ensure the safe and efficient operation of production facilities, according to the annual maintenance plan, the 750,000-ton-per-year PDH unit in the Yantai Industrial Park will start a shutdown for maintenance on March 22, 2026, and the maintenance is expected to last about 30 days. According to the overall balance of the park, the downstream PO/AE integrated facilities will adjust their production capacity. The company will strive to ensure the stable supply to downstream customers. This shutdown for maintenance is a routine inspection according to the annual plan, and it will not have a significant impact on the company's production and operation.