China Polyethylene Producer Sample Inventory Rises 68.66% Month-On-Month

At the morning session closing, domestic futures main contracts saw more gains than losses: SC crude oil rose nearly 13%, containerized freight rates for the Europe route surged nearly 8%, pure benzene and styrene hit the daily trading limit-up, caustic soda, fuel oil, and synthetic rubber rose over 6%, PX gained nearly 6%, PTA rose over 5%, lithium carbonate climbed nearly 5%, and apples and PET chips rose nearly 4%. On the downside, methanol, liquefied petroleum gas (LPG), and coking coal each fell nearly 1%.

At the 2026 National Two Sessions, He Xiaopeng, the 14th National People's Congress representative and Chairman and CEO of Xpeng Motors, brought several proposals. He Xiaopeng pointed out that the autonomous driving industry is a key track for nurturing new productivity and promoting the transformation and upgrading of the automotive industry. With the deep application of large models and high computing power, autonomous driving technology is accelerating from the era of software-defined functions to the era of AI-driven intelligence. At the same time, the United Nations and the United States are accelerating the implementation of regulations and mass production deployment bills for L3 and above autonomous driving. China has a first-mover advantage in the development and application of combined assisted driving (L2 level) and has been steadily advancing the access and road passage pilot work for intelligent connected vehicles. It is suggested to promote the policy and regulatory system to make the leap from L2 to L4, to facilitate rapid technological iteration and large-scale commercialization, and to transform China's accumulated advantages in the L2 field into a competitive edge in the L4 autonomous driving era.

According to The Paper, the fourth session of the 14th National Committee of the Chinese People’s Political Consultative Conference (CPPCC) opened in Beijing on the afternoon of March 4. Li Shufu, a national CPPCC member and Chairman of Geely Auto, stated in an interview that the new energy vehicle industry should avoid “involutionary” competition and pursue connotative development.

On March 4, Hyper announced that the Hyper A800 will be equipped with Huawei’s new Qiankun dual-optical-path image-grade LiDAR. Additionally, the vehicle will feature Huawei’s Qiankun Intelligent Driving ADS 4.1 and HarmonyOS Cockpit 5.

On March 4, Yu Chengdong, Executive Director of Huawei, Chairman of the Product Investment Review Committee, and Chairman of the Terminal Business Group, announced that the Luxgen S800 has remained the top-selling luxury car in the million-yuan category for five consecutive months, with cumulative deliveries exceeding 15,000 units nine months after its launch.