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.

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.

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.

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, 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.

On December 10th, two EO (Ethylene Oxide) reactors for the ethylene project in Al-Jubail, jointly undertaken by China First Heavy Industries, were shipped from the Dalian Nuclear Power Petrochemical Equipment Manufacturing Base. This device has set a new world manufacturing record for the largest diameter and heaviest single EO reactor, further demonstrating China First Heavy Industries' technological innovation capabilities and extreme manufacturing strength as a "national treasure," as well as the significant value of Chinese manufacturing in major international cooperation projects.

On December 10, Huayi Group (600623.SH) announced that its subsidiary Shanghai Huayi Sanai Fu New Materials Co., Ltd., through its enterprise Inner Mongolia Sanai Fu Wanhao Fluorochemical Co., Ltd. (Wanhao Company), recently received a shutdown notice from Fengzhen Municipal People's Government. The decision was made to implement a full shutdown of the factory area to eliminate risk hazards and ensure the quality of the ecological environment.

On December 8th, the Maoming High-tech Industrial Development Zone Government Affairs website announced "Major Project Development."”The ethylene quality enhancement project involves planning for the following: the original approved plan for the ethylene quality enhancement project includes the construction of a 400,000 tons/year high-density polyethylene (with reserved metallocene polyethylene), 200,000 + 300,000 tons/year of polypropylene, 240,000 tons/year of hydrogen peroxide, 300,000 tons/year of propylene oxide, 500,000 tons/year of ABS, and corresponding utilities and auxiliary facilities.

Recently, Rongsheng Petrochemical Co., Ltd. (002493.SZ) announced that, based on strategic focus considerations, its wholly-owned subsidiary Rongsheng New Materials (Zhoushan) Co., Ltd. (referred to as "Rongsheng New Materials (Zhoushan)") intends to transfer 100% of its equity in Rongsheng Energy (Zhoushan) Co., Ltd. (referred to as "Rongsheng Energy (Zhoushan)") to Zhejiang Rongsheng Holding Group Co., Ltd. (referred to as "Rongsheng Holding"). Upon the completion of this transaction, Rongsheng New Materials (Zhoushan) will no longer hold any equity in Rongsheng Energy (Zhoushan), and Rongsheng Energy (Zhoushan) will no longer be included in the company's consolidated financial statements.

At 3:40 AM on December 8, with the successful production of qualified EVA resin particles, the Lianhong Gerun 200,000 tons/year EVA plant has completed the entire process and achieved a successful one-time feed startup. The Lianhong Gerun 200,000 tons/year EVA plant utilizes LyondellBasell's LUPOTECH TS tubular reactor technology to produce 200,000 tons of ethylene-vinyl acetate copolymer resin particles annually. The operational flexibility ranges from 70% to 110%, with 13 product grades. The products are mainly used in injection molding products, medical devices, pharmaceuticals and food packaging, agricultural films, and photovoltaic materials.

Recently, Bohai Chemical announced that the company is planning to sell 100% of Bohai Petrochemical's equity and acquire control of Teda New Materials through the issuance of shares and cash payment (hereinafter referred to as "this transaction"). Preliminary calculations indicate that this transaction is expected to constitute a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies." This transaction will not result in a change of the company's actual controller and does not constitute a backdoor listing. According to the "Shanghai Stock Exchange Stock Listing Rules" and other relevant regulations, this transaction constitutes a related party transaction. As this transaction is still in the planning stage and related matters are uncertain, in order to protect the interests of investors and avoid abnormal fluctuations in the stock price, in accordance with relevant regulations of the Shanghai Stock Exchange, the company has applied for a suspension of trading. The company's stock will be suspended from trading starting from December 8, 2025, with the suspension expected to last no more than 10 trading days.

Recently, the Weinan Municipal Bureau of Ecology and Environment announced a proposed approval decision for the environmental impact assessment documents of the 35,000 tons per year POR construction project, with the announcement period from December 2nd to December 8th. It is reported that the project, undertaken by Shaanxi Shaanxi Coal Xiechuangda New Materials Co., Ltd., includes the production installation of 35,000 tons per year (dry basis) polyolefin elastomer (POR) and supporting facilities, with a total investment of 1,319.67 million yuan. The production installation area and supporting engineering occupy a total area of 196.354 mu, equivalent to 130,903 square meters.

On December 4th, Wanhua Chemical Group Co., Ltd. (600309) increased the price of styrene in the East China region by 100 yuan/ton, with the latest quotation at 6,800 yuan/ton. In the North China region, the price of styrene was increased by 50 yuan/ton, with the latest quotation at 6,700 yuan/ton. Sales remain stable.

Recently, the first batch of SBC (styrenic thermoplastic elastomer) products produced by Shanghai Jinshan Balin New Materials Co., Ltd. has left the factory in the Carbon Valley Green Bay Park of Jinshan District.The 250,000-ton annual production project of SBC (styrenic thermoplastic elastomers) has only been in operation for 14 days since its full construction and production. The project, jointly invested by Hunan Petrochemical and Shanghai Petrochemical, is located at Shanghai Jinshan Baling New Materials Company. After successfully starting up on November 12 and producing qualified products for the first time, the company has officially begun external sales, thereby completing the "R&D - production - sales" chain.As of December 1st, more than 512 tons of SBC products have been shipped to end users in Shandong, Jiangsu, Fujian, and other regions.

According to the Dalian Daily report, the relocation and upgrade project of PetroChina Dalian Petrochemical is planned to start in 2026, adding 10 million tons per year of refining capacity.