Wanhua Chemical Yantai Ethylene Phase I Unit Revamp and Resumption

The SC crude oil front-month contract surged 12% intraday, now trading at RMB 699 per barrel.

COSCO Shipping: Given the ongoing escalation of conflicts in the Middle East, new booking services for related routes are suspended effective immediately.

An investor asked on the investor interaction platform: With the significant increase in the cost of pure benzene as a raw material, will it affect the company's performance? On March 4th, Hengshen New Materials (000782.SZ) responded on the investor interaction platform that the main raw material for the company's nylon 6 chip is caprolactam. Pure benzene is not the company's raw material, but rather the raw material for the upstream industry. From the perspective of the petrochemical industry chain, an increase in the price of upstream raw materials usually leads to a price increase in the downstream and terminal products. However, the transmission mechanism is influenced by complex factors such as market supply and demand and competitive landscape, making it difficult to predict simply. For specific subsequent operating performance, please pay attention to the relevant announcements disclosed by the company.

According to Wanhua Chemical (600309), Wanhua Chemical has successfully developed a new generation of PVC weather-resistant material through in-depth research on the micro-mechanisms of materials. This innovation effectively addresses the industry challenges of traditional PVC flooring fading and aging under sunlight, significantly enhancing the color durability and luster stability of the flooring's decorative layer.

According to Jilin Petrochemical's Production Operations Department, the company produced 262,000 tons of ethylene in the first two months, an increase of 112.08% year-on-year, setting a new historical record for ethylene output.