WTI Crude Oil Plunges 4.00% Intraday

Oriental FortuneOn April 15, the company stated on the investor interaction platform that it currently possesses an EVA production capacity of 900,000 tons per year and a POE production capacity of 100,000 tons per year. Both its production scale and product quality rank among the industry’s leaders, enabling it to provide downstream photovoltaic customers with “one-stop” services. It is one of the very few leading domestic enterprises possessing independent R&D capabilities and large-scale production facilities for both core raw materials used in photovoltaic encapsulant films. Furthermore, the company has achieved comprehensive vertical integration across its upstream and downstream industrial chain: supporting production facilities for key raw materials—such as ethylene, vinyl acetate, and high-carbon alpha-olefins—required for EVA and POE manufacturing have all been established, allowing for self-sufficient raw material supply. In recent years, the company’s EVA products have received the “Innovative Chemical New Material” award and the “Second Prize for Scientific and Technological Progress” from the China Petroleum and Chemical Industry Federation. Applications in downstream sectors are linked to the commercialization progress of various downstream photovoltaic enterprises.

WTI crude oil plunged 4.00% intraday, currently trading at $88.37 per barrel. Markets are reacting to former President Trump’s earlier statement that “the war between the U.S. and Iran is over.”

Exciting news has emerged from the site of China Chemical’s Western New Materials Company’s 20,000-ton-per-year ultra-high-molecular-weight polyethylene (UHMWPE) project: the facility has successfully commenced feedstock trial operation, marking the large-scale industrial application of China Chemical’s independently developed, proprietary batch-type slurry polymerization process in autoclaves, thus injecting strong impetus into China’s high-end new materials industry.

Oriental Yuhong (002271.SZ), a construction materials system service brand, has recently added a key move to its global layout by officially signing a strategic cooperation agreement with BICHUMI GLASS CO., LTD, a Korean glass building materials company. The two parties will focus on the high-end building materials market in South Korea, jointly building an integrated system solution of "glass + sealant." This move marks the deep implementation of Oriental Yuhong's "OYH" globalization strategy, laying a solid strategic foundation for its expansion in the high-end building materials market in the Asia-Pacific region and the establishment of a global localized operation system.

  April 14 report, since the beginning of April, the polypropylene market has shown a narrow fluctuation trend. Except for April 7-8, when the market experienced a wide upward movement followed by a sharp decline due to geopolitical news, the fluctuation range has significantly narrowed in other periods, with prices often remaining stable. On April 10, the price of LSR in East China was 9175 yuan/ton, an increase of 1.66% from the beginning of the month. The temporary ceasefire between the US and Iran and the start of negotiations have made geopolitical news gradually stabilize, and the impact on the spot market has weakened. The market's influencing factors have gradually returned to the fundamentals. From the supply and demand perspective, the shutdown of polypropylene production facilities remains frequent, and the tight supply of raw materials has not changed, with the tightened supply still providing strong support for the spot market. However, the weak profitability of downstream sectors and insufficient new orders have led to weak demand for essential purchases, providing limited support to the polypropylene market. In the short term, it is expected that the polypropylene market will remain stable at a high level, with limited significant changes in the market.