Historic Oil Supply Disruption: Daily Output Falls by Over 10 Million Barrels
In its latest monthly report, the International Energy Agency (IEA) stated that the global oil market is facing the most severe supply disruption in history due to ongoing conflicts in the Middle East. Shipping through the Strait of Hormuz has nearly halted, and oil storage facilities are nearing capacity, forcing Gulf countries to cut oil production by at least 10 million barrels per day; over 3 million barrels per day of refining capacity have already been shut down.
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2026-04-28 23:09:54
Jiangsu Eastern Shenghong: First-Quarter Net Profit Surges 320% Year-On-Year
Cailian News, April 28: Dongfang Shenghong (000301.SZ) announced that in the first quarter of 2026, it achieved operating revenue of RMB 32.022 billion, representing a 5.65% year-on-year increase; net profit attributable to shareholders of the listed company amounted to RMB 1.432 billion, a 319.86% year-on-year increase. CaiXiao Note: The company’s net profit for Q4 2025 was RMB 0.07 billion; based on this, its Q1 2026 net profit increased 20,357% quarter-on-quarter. (Source: Cailian News APP) -
2026-04-28 21:00:15
LyondellBasell Expands Purell Medical-Grade Polymers North American Footprint
Recently, LyondellBasell has expanded its Purell product portfolio and further deepened its collaboration with healthcare customers. The Purell series of materials, specifically developed for the healthcare sector, is widely used in products such as syringes, ampoules, IV bottles, diagnostic device housings, laboratory ware, inhalers, and medical packaging. -
2026-04-28 14:52:02
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. -
2026-04-28 14:28:27
Huisheng Environmental Protection: Company Conducts Experiments on Various Forms of Waste Plastic Raw Materials in Pilot Stage
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. -
2026-04-27 15:15:57
BASF Raises Prices For Antioxidants And Light Stabilizers Used In Plastics, Maximum Increase Reaches 25%
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.
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