Plastic Industry Updates & Resources

【ABS Domestic Monthly Output】In July, ABS production reached 602,200 tons, an increase of 2.26% compared to the previous month. However, high costs are difficult to pass on, leading manufacturers to cautiously control production, with some facilities in Liaoning and Zhejiang reducing their load during the month. Due to individual manufacturers' upstream contract supplies returning to normal and a few local production lines restarting, a slight month-on-month increase in production is expected in August.

【Hangzhou PP Market Offers Fell On July 31】  July 31: The PP market in Hangzhou saw offers move lower. Downstream buying interest was insufficient, and traders cautiously made concessions to facilitate deals. Actual transaction prices are negotiable. As of midday, mainstream raffia prices were at RMB 9,500-9,700/ton.

【Wanhua Chemical Advances 400,000-Ton/Year Polyolefin Elastomer Project in Penglai】Recently, Wanhua Chemical (Penglai) Co., Ltd. released a tender announcement for the EPC project of the No. 1 enclosed ground flare for its polyolefin elastomer project. The project is designed with a maximum discharge capacity of 200 tons per hour, and the materials to be handled include ethylene and butene.

【Lianyungang petrochemical ps prices increase】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.

【Qualcomm and BMW Reach Long-Term Cooperation Agreement】On July 29, Qualcomm Technologies and BMW Group jointly announced that they had entered into a long-term cooperation agreement. Under the agreement, Qualcomm will provide computing chips for BMW Group’s next-generation digital cockpit and advanced driver assistance systems/autonomous driving systems over the next decade.