山东联泓一期、山东鲁西MTO装置预计将于8月中下旬、8月底附近逐步恢复重启。

On August 17, Jiangsu Deway New Materials Co., Ltd.'s holding subsidiary, Jiangsu Derong Polymer Materials Co., Ltd., officially signed a strategic cooperation agreement with Beijing Lianke New Materials Co., Ltd. A team of technical experts from the Institute of Chemistry, Chinese Academy of Sciences, including Researcher Zhang Jun and Researcher Dong Jinyong, will collaborate with Deway New Materials.The signing ceremony was attended by key management and technical teams from both parties, including representative Qiu Guowen from the controlling shareholder, Wang Xingning, Director of Polymer Products at Derun, Fan Jun, Senior Vice President of Qulian Chuangye Group, and Yang Lifang, General Manager of Lianke New Materials, marking a key step in the localization and high-end development of polypropylene cable materials.

今年8月，由扬子石化-巴斯夫有限责任公司(BYC)生产的首款零产品碳足迹(ZeroPCF)EVA产品正式推向市场。这也是巴斯夫石油化学品C2产业链的核心重点产品，标志着巴斯夫在绿色发展征程上迈出了坚实一步，也为下游客户的低碳转型注入了全新动力。

8月18日，印度救济总局（DGTR）发布公告，正式对原产于或出口自中国的“聚氯乙烯悬浮树脂”发起反补贴调查立案，万华化学、君正化工、新疆天业、中泰化学、天津渤化等44家中国企业被列入名单。这是继2025年印度对进口PVC反倾销调查中途搁置、BIS认证政策推迟落地之后，印度针对中国PVC产品祭出的又一张“贸易牌”。

On August 17, the Korea Economic Daily, citing anonymous government officials, reported that Lotte Chemical has disclosed plans to sell its overseas basic chemical business to creditors and the Ministry of Trade, Industry and Energy of South Korea, involving assets in Malaysia, Indonesia, and the United States. The company is currently assessing market conditions and seeking potential buyers.

SadaraThe financial report for the first half of 2026 has been released: sales revenue declined by 49.639% year-on-year to 2.5598 billion Saudi Riyals (approximately 682 million USD), compared to 5.083 billion Saudi Riyals (approximately 1.354 billion USD) in the same period last year. The main reason was a temporary production halt that limited the supply of finished products, causing a significant drop in sales volume. Although the average selling price of the company’s product portfolio increased and profit margins improved significantly, sales revenue still declined year-on-year. Net loss widened by 39.375% year-on-year to 3.531 billion Saudi Riyals (approximately 940 million USD), compared to a net loss of 2.533 billion Saudi Riyals (approximately 675 million USD) in the same period last year, mainly due to lower sales volume and the adverse impact of asset impairment provisions on other gains and losses. It is reported that Sadara is a joint venture between Saudi Arabia’s national oil giant Aramco and the American chemical company Dow.

Shaanxi Construction Machinery Co., Ltd. (referred to as "Construction Machinery") issued a trading suspension announcement regarding the planning of major matters and related-party transactions. In the announcement, Construction Machinery stated that it received the "Notice on the Project Approval for the Merger and Restructuring of Pucheng Clean Energy Company by Shaanxi Construction Machinery Co., Ltd." from its controlling shareholder Shaanxi Coal and Chemical Industry Group Co., Ltd. (referred to as "Shaanxi Coal Group"). The project involves the company acquiring 100% equity of Pucheng Clean Energy Chemical Co., Ltd. (referred to as "Pucheng Clean Energy Company") through a combination of share issuance and cash payment, and simultaneously raising supporting funds. Pucheng Clean Energy Company mainly engages in the production and sales of polyolefin products such as polyethylene (PE) and polypropylene (PP).

Recently, the People’s Government of Uxin Banner, Inner Mongolia Autonomous Region, issued the “Public Notice on Social Stability Risk Assessment for the 1 Million Tons/Year Ethane and Light Hydrocarbon-to-Ethylene Project of Hohhot Petrochemical Company.” According to publicly available preliminary project information, the project plans to newly build: a 1 million tons/year ethylene unit (including a PSA unit), a 300,000 tons/year HDPE unit, two 400,000 tons/year FDPE units, a 250,000 tons/year PP unit, a 50,000 tons/year butadiene extraction unit, a 100,000 tons/year pyrolysis gasoline hydrogenation unit, and a 200,000 tons/year by-product consumption co-production unit. Supporting utility and auxiliary facilities, storage and transportation works, as well as a dedicated railway spur line, will be constructed concurrently.

Report on August 11: Rongsheng Petrochemical's 1.6 million tons per year ABS unit has a planned production reduction for August, with an expected load reduction to 60-70% operation. Previously, the unit was operating at about 80% capacity.

Recently, the transparent injection molding grade polypropylene product PPR-MT26, independently developed by Tianjin Petrochemical, passed the national medical polypropylene certification test, making it the company's first product to receive medical plastic certification. This lays the foundation for entering the medical device field and exploring new markets. The medical device industry has extremely strict requirements for the selection of plastic raw materials. The PPR-MT26 product can be applied in disposable medical devices, diagnostic consumables, and drug delivery systems, featuring high technical added value. Tianjin Petrochemical has introduced higher-level clean production standards and online monitoring systems, employing multi-stage precision filtration, closed automated transportation, and specialized clean packaging technology to elevate the product purity to medical-grade levels.

Recently, CNPC Guangxi Petrochemical’s 1.2 million tonnes/year ethylene unit successfully completed a 72-hour full-process, full-load performance test, achieving uninterrupted operation for 72 hours at 100% full load across the entire process. The 1.2 million tonnes/year ethylene unit adopts CNPC’s independently developed large-scale ethylene complete-process technology, supported by key domestically produced equipment including the localized PEC-21 palladium-based catalyst and core machinery with dual-frequency converter seamless switching. The electric-driven ethylene refrigeration compressor achieved full-load operation for the first time, with the unit running in good condition, providing valuable data support for subsequent optimization and regulation of electric-driven units.

In its Q2 financial report, INEOS Group announced its official withdrawal from the petrochemical joint venture Sinopec INEOS (Tianjin) Petrochemical Co., Ltd. with Sinopec in Tianjin. The joint venture, established in 2023 with a 50:50 share ratio, came to an end in less than three years. According to the exit agreement, INEOS will pay Sinopec $120 million, to be paid in equal installments over 24 months starting in March 2027. The investment in the joint venture and financial liabilities amounting to approximately €575.7 million, which INEOS had previously confirmed on its books, have been completely derecognized. INEOS first revealed its intention to exit in November 2025.

Brazil’s Foreign Trade Chamber published in the Federal Government Gazette the final ruling of the sunset review on anti-dumping measures against PVC-S resin from China. It decided to extend the 21.6% anti-dumping duty on Chinese PVC for a period of five years, but to temporarily suspend collection in the short term; if imports surge again and impact the domestic industry, the duty will be immediately reinstated. The product concerned falls under tariff code 39041010. A single 21.6% duty rate applies uniformly to all producers in China, with no company-specific differentiated rates.

On August 5, the Fair Trade Investigation Division of the Seoul Central District Prosecutors’ Office in South Korea conducted search and seizure operations against seven petrochemical companies and related individuals, including LG Chem, Hanwha Solutions, Aekyung Chemical, OCI, Lotte Fine Chemical, PKC, and UNID, as part of an investigation into suspected price-fixing of multiple petrochemical products. Prosecutors suspect that over many years, these companies engaged in prior consultations on price increases for eight categories of products, including PVC, plasticizers, caustic soda, and hydrochloric acid. Earlier, in May this year, the Korea Fair Trade Commission had already uncovered clues of the alleged collusion and launched an on-site investigation.

By the midday close, most actively traded domestic futures contracts were higher. Platinum rose more than 7%, palladium more than 6%, Shanghai silver more than 5%, urea more than 4%, and coking coal more than 3%, while Shanghai lead and coke both gained more than 2%. On the downside, the EC freight index (Europe route) fell more than 9%, SC crude oil more than 6%, ethylene glycol (EG), pure benzene, and styrene (EB) more than 5%, bottle-grade PET nearly 5%, and paraxylene and liquefied petroleum gas (LPG) more than 4%.

On August 4, it was reported that Lianyungang Petrochemical (Satellite) raised the ex-factory price of PS by 100 yuan, with a quote of 9,300 yuan/ton for 525, 9,300 yuan/ton for 535T, 9,300 yuan/ton for 535M, 9,600 yuan/ton for modified benzene 88, and 10,000 yuan/ton for 888. The production capacity is 400,000 tons. Prices are for self-pickup and are negotiable for each order.

Reported on August 4: PetroChina South China lowered ABS prices by RMB 200/ton. Jieyang 0215A was listed at RMB 9,900/ton, 0215H at RMB 9,900/ton, 0215E at RMB 9,900/ton, HF681 at RMB 9,900/ton, and 2437 at RMB 9,100/ton. PetroChina’s Daqing Petrochemical ABS plant has an annual production capacity of 300,000 tons, while the (Jilin Petrochemical) Jieyang ABS plant has an annual production capacity of 600,000 tons.

Reported on August 4: Sinopec East China ABS prices were listed down by 200 yuan/ton, with 0215A at 9,800 yuan/ton, GE150 at 9,800 yuan/ton, Jieyang 0215A listed at 9,800 yuan/ton, and 750ASQ listed at 9,800 yuan/ton. PetroChina's Daqing Petrochemical ABS plant has a capacity of 300,000 tons per year, and Jilin Petrochemical ABS plant has a capacity of 1.2 million tons per year.

Recently, the U.S. Environmental Protection Agency (EPA) published in the Federal Register significant new use rules (SNURs) for certain chemical substances under the Toxic Substances Control Act (TSCA).The document establishes new use control mechanisms for more than 20 chemical substances that have completed premanufacture notice (PMN) submissions, requiring enterprises to submit a notification to the EPA at least 90 days before undertaking any new manufacturing, import, or processing activities involving the relevant chemicals.The regulation synchronizes mandatory compliance requirements such as workshop protection, wastewater discharge limits, product additive ratios, closed processes, and hazardous waste incineration, while differentiating applicable declaration fee standards for large and small enterprises. Public written comments will be accepted until August 24, 2026. Import and export enterprises involved in plastics, photoresists and electronic materials, coatings, and cleaning agents should simultaneously review compliance risks related to their supply chains.

Recently, the CSU work at Fujian Zhongsha Petrochemical has made significant progress. The core extrusion pelletizing units of the 550,000 tons/year PP-H/R (homopolymer/random polypropylene) unit and the 600,000 tons/year LL/HDPE (linear low-density/high-density polyethylene) unit have successfully completed their first trial runs with material feeding. Both key large units of the two sets of equipment delivered perfect results, marking a decisive step forward for the project as it transitions fully from construction to commissioning and trial production.