Shenzhen's New Energy Vehicle Penetration Rate Reaches 81.7%

On February 9, Dingjide announced that it had recently signed a strategic cooperation agreement with Kingfa Sci. & Tech. in Guangzhou. The conclusion of this partnership marks a new stage of collaboration between the two parties in the field of high-end polyolefin new materials, further expanding their cooperation space and injecting strong momentum into the high-quality development of the industry. At the signing ceremony, Zhang Zaiming, Chairman of Dingjide, and Wu Di, General Manager of Kingfa Sci. & Tech., signed the "Strategic Cooperation Framework Agreement" on behalf of both parties. According to the agreement, the two companies will establish a long-term and stable strategic partnership, reaching a comprehensive consensus on production and supply models for POE (polyolefin elastomers), polyolefin catalysts, and additives. They will also engage in deep cooperation regarding resource sharing, product support, market expansion, and industrial synergy to jointly set a new benchmark for industry collaboration.

At Dushanzi Petrochemical, the first line of the new full-density unit has switched production to 7042, the second line is producing 6095H, and the new low-pressure unit is shut down.All core density on the first tier Unit 6149 produces, and the old full-density second line produces UL1088.

  February 10 — Oil prices maintained a two-day rally as Middle East tensions added a risk premium to prices. WTI crude traded above $64 a barrel after rising 1.7% in the past two sessions, while Brent crude settled above $69. The U.S. said in an advisory Monday that U.S.-flagged vessels should stay as far away from Iranian waters as possible when transiting the Strait of Hormuz. The warning comes despite signs of progress in nuclear talks between Washington and Tehran. Oil prices have rallied this year as recurring geopolitical tensions overshadowed concerns that a global supply glut would push up inventories and drag on prices. A series of data this week will provide traders with the latest insights into market conditions, starting with the EIA's monthly Short-Term Energy Outlook report due early Wednesday.

Recently, the Fujian Provincial Development and Reform Commission announced the list of key projects in Fujian Province for 2026, which includes a number of petrochemical projects such as the Fujian Gulei 1.5 million tons/year ethylene and downstream deep processing complex project. The list shows that there are 1,570 key projects in Fujian Province for 2026, with a total investment of 4.01 trillion yuan and a planned annual investment of 722.6 billion yuan. There are 59 key projects in Fujian Province's petrochemical industry, including 37 under construction, 20 newly commenced, and 2 reserve projects.

Recently, a key progress has been made in the key new energy construction project of Xiamen Torch High-tech Zone. The "CATL High-Performance Lithium Battery Project" invested and constructed by CATL is progressing smoothly and is expected to complete the main construction by June 2026. Oriental Yuhong provided approximately 240,000 square meters of TPO roofing system services for the project. As a core area of high-precision manufacturing, lithium battery production has extremely stringent environmental requirements. The stability of temperature and humidity and long-term protection reliability directly determine product quality and production safety, which also makes the project's requirements for building waterproof materials and system solutions far exceed ordinary industrial scenarios. It is reported that the exposed reinforced TPO waterproof membrane applied to the project by Oriental Yuhong can cope with the complex climatic conditions of high temperature, high humidity, and strong ultraviolet radiation in Xiamen, providing long-term waterproof protection for the factory buildings and supporting facilities.