Sources: OPEC+ May Increase Production By At Least 137,000 Barrels Per Day In October Meeting
Three informed sources indicate that OPEC+ may approve an increase in oil production by at least 137,000 barrels per day at its meeting next Sunday, as rising oil prices encourage the organization to attempt to regain market share. Since April, OPEC+ has changed its production cut strategy and has cumulatively raised quotas by over 2.5 million barrels per day, equivalent to about 2.4% of global oil demand, in an effort to expand market share. OPEC+ will hold an online meeting on October 5, involving eight member countries, to decide on production arrangements for November. OPEC headquarters and Saudi authorities did not immediately respond to requests for comment.
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2026-07-10 13:41:05
Zhongke Petrochemical: Continuously Produces Three New Grades of Polyethylene Products
Recently, the high-density polyethylene unit of Sino-Korean Petrochemical successfully completed the continuous production of three new grades of products, all of which met performance standards. This marks the first time since the unit was put into operation that three new products have been produced consecutively within the same production cycle, signifying a phased breakthrough for the company in optimizing its product mix and advancing toward higher-end development. -
2026-07-09 15:47:43
Huizhou Renxin Raises PS Prices
July 9 report: Huizhou Renxin PS prices increased by CNY 100/ton. Transparent-grade 525B and 535N were quoted at CNY 9,500/ton, 535T at CNY 9,700/ton, general-purpose grade RH-825 at CNY 10,600/ton, and RH-825G at CNY 10,800/ton; discounts are available for actual orders. The company’s PS plant has a capacity of 300,000 tons/year. -
2026-07-09 15:47:11
Liaoning Kingfa ABS Prices Closed Without Quotation Today
July 9 report: The production capacity of Liaoning Jinfa ABS unit is 600,000 tons per year. Today's price is closed and not quoted. -
2026-07-09 15:46:35
Ningbo Formosa ABS Prices Rise
July 9 report: Ningbo Formosa Chemicals has raised its ABS quotations by RMB 600/ton. The price for 15A1 is RMB 11,100/ton, and the price for 15E1 is RMB 11,000/ton. This week, prices are negotiated on a case-by-case basis. The company’s ABS plant has an annual production capacity of 750,000 tons. -
2026-07-08 11:26:40
Ningbo taihua abs price increase
On July 8, it was reported that Ningbo Formosa Plastics had raised its ABS prices by RMB 400/ton. The quoted price for 15A1 was RMB 10,500/ton, and the quoted price for 15E1 was RMB 10,400/ton. This week, one deal was concluded through one-on-one negotiation. The company’s ABS plant has an annual capacity of 750,000 tons.
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