Plastic Industry Updates & Resources

【Recent MDI Units Concentrate on Maintenance, Supply Side Phases Down】Recently, MDI facilities have undergone**** maintenance, leading to a temporary contraction on the supply side.Business SocietyNews: Tosoh (Rui'an) 80,000 tons/year MDI unit began shutdown for maintenance at the end of July, with a duration of about one month. Japan Tosoh's 200,000 tons/year unit and Wanhua Chemical have disclosed announcements regarding the shutdown and maintenance of some of their units. Previously, Wanhua Chemical's Yantai Industrial Park 1.1 million tons/year MDI unit planned to undergo annual maintenance, expected to last about 45 days.

【Donghong Shares Signs 180 Million Yuan Procurement Framework Contract, Deepens Cooperation With Wanhua Chemical】Shandong Donghong Pipe Industry Co., Ltd. (stock code: 603856, abbreviated as "Donghong Shares") announced on August 7 that the company has recently officially signed a "Procurement Framework Contract" with Wanhua Chemical Group Materials Co., Ltd. (abbreviated as "Wanhua Chemical Materials"), with an estimated total contract amount of 180 million yuan. The signing of this contract marks a further enhancement of the company's market competitiveness in the industrial pipeline sector, which is expected to have a positive impact on future operating performance.

【Beijing expands channels for resourceful utilization and conversion of construction waste】To further promote the comprehensive recycling and utilization of construction waste and enhance the city’s integrated management capacity for construction waste, the Beijing Municipal Commission of Housing and Urban-Rural Development, together with eight other departments, has issued the Notice on Adjusting the Categories of Recycled Construction Waste Products and Their Applicable Engineering Parts. The notice brings**** improvements in recycled product categories, applicable project scope, and usage ratio requirements, injecting new momentum into the green, low-carbon, and high-quality development of the capital’s urban and rural construction.

【INEOS Exits Sinopec Tianjin Joint Venture Project, Pays $120 Million Breakup Fee】In its Q2 financial report, INEOS Group announced its official withdrawal from the petrochemical joint venture Sinopec INEOS (Tianjin) Petrochemical Co., Ltd. with Sinopec in Tianjin. The joint venture, established in 2023 with a 50:50 share ratio, came to an end in less than three years. According to the exit agreement, INEOS will pay Sinopec $120 million, to be paid in equal installments over 24 months starting in March 2027. The investment in the joint venture and financial liabilities amounting to approximately €575.7 million, which INEOS had previously confirmed on its books, have been completely derecognized. INEOS first revealed its intention to exit in November 2025.

【Brazil Maintains 21.6% Ad Valorem Anti-Dumping Duty on All China PVC-S Resin Producers for New Five-Year Tax Period】Brazil’s Foreign Trade Chamber published in the Federal Government Gazette the final ruling of the sunset review on anti-dumping measures against PVC-S resin from China. It decided to extend the 21.6% anti-dumping duty on Chinese PVC for a period of five years, but to temporarily suspend collection in the short term; if imports surge again and impact the domestic industry, the duty will be immediately reinstated. The product concerned falls under tariff code 39041010. A single 21.6% duty rate applies uniformly to all producers in China, with no company-specific differentiated rates.