On December 16, the construction of the 550,000-ton/year light hydrocarbon recovery unit for the integrated refining and petrochemical project at Hunan Petrochemical officially commenced, marking the entry into the construction phase of the newly approved facilities in the second batch of the refining upgrade project. It has been reported that once this unit is completed and put into operation, it will effectively enhance the supply of ethylene feedstock and the recovery and utilization of hydrogen resources, becoming an important part of completing the entire industrial chain of refining and petrochemicals in Hunan Petrochemical. At that time, the new unit will also replace the existing light hydrocarbon recovery unit, creating favorable conditions for the second phase of capacity expansion and transformation of Hunan Petrochemical's 8 million tons/year vacuum distillation unit.

According to the latest announcement from the Customs Department of Thailand,Starting from January 1, 2026, Thailand will abolish the minimum exemption policy for import duties on goods valued at 1,500 baht (approximately 335 yuan).。Starting from January 1, 2026, all imported goods valued at 1 baht or more will be subject to import duties and value-added tax (VAT) upon entering Thailand.

On December 16th, Dow Chemical announced a price increase of $200 per ton for its polymeric MDI products sold in the Southeast Asia region. This price adjustment will be implemented according to the company's announcement or based on established contract terms. According to Dow Chemical, the price adjustment is primarily based on changes in the current market environment, aiming to support the sustainable operation of the company's business and ensure the continuous and stable supply of high-quality products and services to regional customers.

According to a news agency report, on November 25, an investor approached...Shuangxing New MaterialCan you disclose which products are under development as mentioned in the company announcement? Regarding this,Shuangxing New MaterialsOn December 17, the company responded on the investor interaction platform, stating that it is focusing on optical display, new energy, consumer electronics, and continuously expanding the breadth and depth of material applications. In the future, the company will continue to pay attention to market development trends and actively leverage its technological and industrial foundation to layout emerging fields.

According to Securities Star news, Qicai Chemical (300758) responded to questions from investors on the investor relations platform on December 16. Investor: Hello, Secretary of the Board. Question 1: Is it true that the EX electronic materials produced by Huihong Technology, a joint venture with Meilian New Materials, are in a unique position domestically and are leading globally in the market? Question 2: If the answer to question 1 is affirmative, could you please tell us which major domestic and international companies have verified and are supplied with Huihong Technology's EX electronic materials? Dear Secretary of Qicai Chemical: Hello, 1. The EX electronic materials of our invested company, Huihong Technology, hold a unique position in the domestic market and are globally leading, having developed multiple strategic customers. 2. Due to confidentiality obligations, Huihong Technology is unable to disclose this business information in detail. Thank you for your attention.

According to Tianyancha business information, recently, Beijing Rockwells Technology Co., Ltd. underwent a business change. Li Xiang has been changed from executive director to board member, and the registered capital has been reduced from 1 billion RMB to 105 million RMB, a decrease of 89.5%. The company was established in December 2017, with Feng Weili as the legal representative. Its business scope includes technical services, technical development, technical consulting, technical communication, technology transfer, technology promotion, enterprise management consulting, corporate image planning, technology import and export, goods import and export, import and export agency, enterprise management, and operation of electric vehicle charging infrastructure. Shareholder information shows that the company is wholly owned by Leading Ideal HK Limited, a subsidiary of Li Auto.

On December 16, Nissan Motor of Japan announced its latest brand plan, aiming to increase the global annual delivery volume of its high-performance sub-brand Nismo by 50% to 150,000 units by 2028.

On December 15, Xinjiang Zhongtai Chemical Co., Ltd. (stock code: 002092) announced that the company plans to acquire a 15.173% equity stake in Xinjiang Huatai Heavy Chemical Co., Ltd. from Agricultural Bank of China Financial Asset Investment Co., Ltd., Agricultural Bank Investment - Huatai Heavy Chemical Debt-to-Equity Investment Plan, and Shaanxi Financial Asset Management Co., Ltd. for 1.2 billion yuan. The purpose of this acquisition is to broaden financing channels and reduce the overall asset-liability ratio. After the transaction is completed, Huatai will still be a subsidiary controlled by Zhongtai Chemical, but its equity structure will change. This proposal has been approved by the company's board of directors and filed with the State-owned Assets Supervision and Administration Commission of the People's Government of Xinjiang Uygur Autonomous Region.

The pressure from new capacity expansion is being concentrated and released, with short-term demand gradually following up. However, facing the supply growth that far exceeds the demand increase, the market still experiences significant de-stocking pressure. At the beginning of the month, the policy side focused on the impact of the Federal Reserve's interest rate cuts in December, while domestic monetary easing policies have somewhat alleviated market funding pressures. However, whether terminal orders can continue to follow up remains the biggest focal point. The market fundamentals are entangled in a tug-of-war with macroeconomic factors.

On Monday night, L2605 fell by 0.47%, and PP2605 fell by 0.43%. Recently, domestic production has remained at a high level, and petrochemical companies are actively reducing inventory by the end of the year, resulting in weak spot prices. In the medium to long term, the market is still in a production cycle, with prominent supply and demand contradictions. Downstream film material orders have decreased, and seasonal demand is weakening, with factories purchasing raw materials as needed and having low stocking intentions. Currently, the fundamentals remain weak, but market prices have fallen significantly. Polyolefins rebounded at the beginning of the week from low levels, but the rebound is expected to be limited. It is recommended to temporarily observe.

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 15, 2025, Wanhua Chemical announced that it would...Latin America regionSales MDI and TDI Raise prices.The increase is200 Dollar/ (or equivalent local currency). This price adjustment will take effect from2025December15th of the month Effective immediately or executed according to the established contract terms. According to Wanhua Chemical, this price adjustment aims to respond to the current changes in the market environment, ensure the sustainable operation of the company’s business, and continuously provide customers with stable, high-quality products and services.

  On December 15, Del Shares (300473) announced that the company intends to... On December 15, Del's Shares (300473) announced that the company plans to conclude the previous fundraising for the "Automotive Electronics (Intelligent Control System) Industrialization Project" and will invest the surplus funds of 26.34 million yuan into a new project, the "Mechatronic Automotive Components Technological Upgrade Project." The "Mechatronic Automotive Components Technical Renovation Project" investment mainly includes electromechanical engineering costs, equipment procurement costs, etc. The total planned investment by the company is 41.03 million yuan, with 26.34 million yuan of surplus raised funds intended for investment. This project aims to carry out technical renovations on the production lines of the company's motors, pumps, and mechanical pumps, without involving any new production capacity. In the first three quarters of 2025, Del Shares achieved a revenue of 3.642 billion yuan and a net profit attributable to shareholders of 79.23 million yuan.

Recently, Satellite Chemical responded to investor inquiries on an interactive platform, stating that the company is focused on building a world-class chemical new materials technology company around its competitive advantages. The ethylene polymerization process is one of the important development directions downstream for the company. The research and development of α-olefins, catalysts, and new processes are aimed at high-end and differentiated layouts.

  On December 12, market analysts stated that oil prices rose today, but may still record significant declines this week. Diplomatic efforts to end the Russia-Ukraine conflict are underway, while the overall bearish fundamentals indicate a supply surplus in the market next year. Next week, market focus is expected to shift to the Russia-Ukraine negotiations, with traders also monitoring the increasingly tense relations between the U.S. and Venezuela. The International Energy Agency (IEA) noted that the anticipated market surplus has narrowed, but the large supply overhang still casts a shadow over the outlook. In contrast, OPEC's supply and demand forecast points to a relatively balanced market next year. Analysts at ANZ Bank stated, "This represents a stark reversal from earlier this year, which suggested a tightening market."

On December 12, Zhuan Su Shi Jie learned that Toray announced the successful development of a new antistatic version of its Toyolacparel acrylonitrile-butadiene-styrene (ABS) resin. It is reported that the material's surface resistivity reaches 10⁹Ω/square (one billion ohms per square), making its antistatic performance five times that of the company's traditional products. This new grade is specifically designed for trays, enclosures, and other handling equipment required in semiconductor and electronic device manufacturing. It can reduce the risk of product damage or defects caused by static electricity, dust, and other contaminants.

Recently, XRG P.J.S.C., an investment group headquartered in Abu Dhabi (formerly ADNOC International Limited and its subsidiaries, hereinafter referred to as "XRG"), Has officially completed the voluntary public acquisition of Covestro AG.This marks an important step in the group's journey to becoming one of the world's top three chemical investment companies. XRG confirmed that the acquisition has been completed and signed all relevant agreements after obtaining approval from the relevant regulatory authorities. As part of the transaction, XRG injected 1.17 billion euros into Covestro through a planned capital increase to strengthen the financial position of the German manufacturer under the new equity structure.

According to a report by CCTV, on December 11, the U.S. Treasury announced new sanctions against Venezuela. The sanctions target...VenezuelaPresident Maduro's three nephews and another individual were sanctioned. Additionally, six companies accused of transporting Venezuelan oil and six vessels carrying the country's oil have also been sanctioned. Analysts believe these sanctions aim to prevent the sanctioned individuals from accessing any property or financial assets in the United States and prohibit American companies and citizens from engaging in any commercial dealings with them. Banks and financial institutions violating this restriction will face sanctions or enforcement actions. Some analysts think that U.S. President Donald Trump's move is intended to further pressure Venezuela.

According to two sources and a letter from an industry association, Mexico has decided to raise tariffs to a maximum of 50%, which will affect $1 billion worth of exports to Mexico from major Indian automobile exporters, despite lobbying groups urging the Indian government to prevent this move. The government of President López Obrador approved on Wednesday to impose import tariffs on hundreds of goods from countries that have not signed trade agreements with Mexico starting next year. The tariff on automobile imports will increase from 20% to 50%, impacting the largest Indian car manufacturers exporting to Mexico, including Volkswagen India, Hyundai India, and Nissan India.Maruti Suzuki ) caused a significant blow.The copy of the letter shows that the members include modern and In November, the Indian Automobile Manufacturers Association urged the Indian Ministry of Commerce and Industry to pressure Mexico. The tariff increase may force Indian car companies to reassess their reliance strategy on the Mexican market. Mexico is India's third-largest automobile export destination after South Africa and Saudi Arabia, with total exports to Mexico reaching $5.3 billion in the previous fiscal year, of which automobiles accounted for nearly $1 billion.

China Association of Automobile Manufacturers (CAAM)Data released shows that in November, domestic sales of new energy vehicles reached 1.522 million units, a month-on-month increase of 4.3% and a year-on-year increase of 6.5%. Among them, domestic sales of new energy passenger vehicles were 1.425 million units, with a month-on-month increase of 3.5% and a year-on-year increase of 3.9%; domestic sales of new energy commercial vehicles were 97,000 units, with a month-on-month increase of 18.4% and a year-on-year increase of 70.6%. From January to November, domestic sales of new energy vehicles totaled 12.466 million units, a year-on-year increase of 23.2%. Among them, domestic sales of new energy passenger vehicles were 11.715 million units, a year-on-year increase of 21.3%; and domestic sales of new energy commercial vehicles were 750,000 units, a year-on-year increase of 62.4%.