Tianjin port’s first ethylene export shipment successfully launched, boosting the comprehensive development of the "mother of petrochemical industry"

Recently, under the supervision of Dagang Customs under Tianjin Customs, a batch of ethylene weighing approximately 5,000 tonnes produced by Sinopec INEOS (Tianjin) Petrochemical Co., Ltd. successfully completed export customs clearance procedures and was shipped to South Korea aboard the vessel “Maple Coral.” This marks the successful completion of the first ethylene export by sea through Tianjin Port.

Mitsubishi Chemical Corporation announced that it will discontinue the production and sales of certain epoxy resin products at the Kawajiri Site of its Tokai Plant in Yokkaichi City, Mie Prefecture, Japan, with the related business expected to cease around the end of September 2027.Gradually conclude. This decision involves multiple product lines, including:Bisphenol A liquid epoxy resin, Bisphenol F liquid epoxy resin, liquid and solid epoxy resins, and various curing agents。 For some products, the Company expects to continue maintaining market supply and sales by outsourcing production to external enterprises. The company has set September 30, 2027 (planned) as the final production date for the relevant products.

Recently, good news came from the Phase II Stage I project of Shaanxi Coal Group Yulin Chemical Co., Ltd. (“Yulin Chemical”): the main structures of the No. 1 and No. 2 polypropylene extrusion pelletizing buildings were successfully topped out. The successful completion of this key milestone marks the full transition of polypropylene unit construction into the critical sprint phase of equipment installation, laying a solid foundation for subsequent internal equipment installation, pipeline laying, and system commissioning.

  June 1 — Goldman Sachs Group believes oil prices face two-sided risks as weak demand competes with supply losses in the Middle East caused by the war in Iran. Analysts including Daan Struyven said in a May 31 report that April oil sales data from Western Europe suggest a downside risk of about 2 million barrels per day to the bank’s already “very low” demand forecast for April. This adds downside risk of about $10 per barrel to its forecast of $90 per barrel for Brent crude in the fourth quarter. Goldman analysts said: “We believe that Middle East supply losses could last longer, posing significant upside price risks, but weak demand also presents significant downside price risks. Actual end-user oil demand may decline more than expected due to rising prices.”

Blue Sail MedicalOn June 1st, in response on the investor interaction platform, the company stated that its glove business has undergone unprecedented and significant industry fluctuations since 2020. Currently, the company’s two major categories of gloves—nitrile gloves and PVC gloves—each have an annual production capacity of 25 billion units, operating at full capacity with full sales. Glove prices have also significantly increased compared to the end of 2025. The market supply and demand relationship has undergone a significant positive change, which is favorable to leading Chinese manufacturers, and historical inventory pressure has been significantly alleviated. The increase in inventory write-downs in 2025 was mainly due to two reasons. First, the company, based on the prudence principle of the Accounting Standards for Business Enterprises, regularly conducts impairment tests on inventories. Although prices have rebounded from their lowest point, there remains a difference between the historical cost and the net realizable value of some inventory items, necessitating the recognition of corresponding inventory write-downs based on accounting estimates. Second, in 2025, the company conducted reasonable impairment tests and scrapped certain fixed assets of the Health Protection Division, and the impairment losses from these assets were also reflected in the financial statements. These accounting treatments are normal measures for the company’s continuous optimization of its asset structure, aiming to more truthfully and fairly reflect the company’s asset status and operating results. From 2025 to date, the company has taken a series of substantive measures to improve the profitability of its glove segment, including introducing Thai industrial investors to address upstream energy shortages, implementing multiple technical improvements, and strategically locking in raw material costs through advance procurement. Currently, the company’s glove business costs have returned to a leading industry level, and it is foreseeable that the glove business will become the segment with the greatest performance recovery potential for the company in 2026.