Dalian commodity exchange polyethylene front-month contract rises over 2%, zhengzhou commodity exchange pet chip front-month contract surges 6%

The main plastic futures contract on Dalian Commodity Exchange rose by over 2%, to 8,347 yuan/ton. The main bottle chip futures contract on Zhengzhou Commodity Exchange surged by 6%, to 8,886 yuan/ton.

April 28th,Huicheng Environmental ProtectionOn an interactive platform responding to investor inquiries, the company stated that it has conducted experiments on various types of waste plastic feedstocks during the pilot phase, and the selection of feedstock for industrial-scale trial production will be determined by comprehensively considering factors such as plant commissioning and operational conditions for large-scale operation.

Chemical giantBASFAnnouncing that it will use its global portfolio to The prices of antioxidant, processing stabilizer, and light stabilizer products have been further increased, with the highest increase reaching 25%.BASFIt is indicated that this price adjustment is due to the significant increase in raw material prices, energy, and logistics costs caused by the military conflict in the Middle East.

Mitsui Chemicals, Idemitsu Kosan, and Sumitomo Chemical entered into a basic agreement on September 10, 2025. The three companies plan to integrate the polyolefin (PO) business operated by Prime Polymer Co., Ltd. (“PRM”), a joint venture between Mitsui Chemicals and Idemitsu Kosan, with Sumitomo Chemical’s domestic polypropylene (PP) and linear low-density polyethylene (LLDPE) businesses. On April 24, 2026, the involved companies officially received notification from the Japan Fair Trade Commission confirming that it would not issue a cease-and-desist order regarding this integration, thereby formally approving the transaction.

According to data released by the National Bureau of Statistics, from January to March, profits of industrial enterprises above the designated size nationwide amounted to RMB 1.69604 trillion, an increase of 15.5% year-on-year. During the same period, state-controlled enterprises realized profits of RMB 619.61 billion, up 10.1% year-on-year; shareholding enterprises realized profits of RMB 1.30546 trillion, up 20.9% year-on-year; enterprises with foreign and Hong Kong, Macao, and Taiwan investment realized profits of RMB 383.73 billion, up 1.2% year-on-year; and private enterprises realized profits of RMB 430.53 billion, up 25.4% year-on-year.