Zhejiang Petrochemical ABS Prices Decrease

Recently, it was reported from Jilin Petrochemical that the company's newly built 200,000-ton-per-year butadiene plant has undergone stringent quality inspection and analysis. Key indicators such as product purity, total alkyne content, and water content have been significantly optimized, elevating the product grade from industrial to polymer grade. This signifies that the quality of Jilin Petrochemical's butadiene products has reached an advanced level in China. As the main raw material for products like styrene-butadiene rubber and ABS resin, the improvement in butadiene product quality will reduce the raw material consumption of downstream products. Preliminary estimates suggest that this move could save nearly one million yuan in raw material costs annually, further enhancing the market competitiveness of styrene-butadiene rubber and ABS resin products.

To ensure the management of export licenses for automobile and motorcycle products, in accordance with the "Notice on Further Regulating the Export Order of Automobile and Motorcycle Products" (Document No. 318 [2012] issued by the Ministry of Commerce, the Ministry of Industry and Information Technology, the General Administration of Customs, the former General Administration of Quality Supervision, Inspection and Quarantine, and the former Certification and Accreditation Administration) and the "Notice on Doing a Good Job in the Application for Automobile and Motorcycle Export Licenses for the Year 2026" (Document No. 408 [2025] issued by the General Office of the Ministry of Commerce), the Ministry of Commerce, the Ministry of Industry and Information Technology, and the State Administration for Market Regulation have confirmed the list of enterprises eligible to apply for export licenses for automobile and motorcycle products in 2026, which is hereby announced.

Zhongfang Network Data: Dongpeng Beverage (Group) Co., Ltd. announced on December 30th that in order to effectively manage the risk of fluctuations in raw material prices, the company's board of directors has approved a proposal to conduct hedging business. According to the announcement, the company plans to use its own funds to engage in commodity hedging business related to production and operation within 12 months from the date of the board's approval, with the main trading varieties being futures and options corresponding to raw materials such as white sugar and PTA. The maximum trading margin and premium expected to be utilized for this business will not exceed 60 million RMB, and the maximum contract value held on any trading day will not exceed 400 million RMB, with the limit available for recycling within the validity period. The company stated that the purpose of conducting this business is to utilize the hedging function of the futures market to hedge against the impact of significant fluctuations in the prices of main raw materials on the company's product costs, thereby stabilizing operating costs, enhancing overall risk resistance, and improving financial stability. Relevant business will strictly adhere to hedging principles and will not engage in speculative trading. The company has established corresponding management systems and clarified risk control measures to address potential market, operational, and funding risks. This matter has been approved by the company's board of directors and does not require submission for review by the shareholders' meeting.

Recently, Gansu International Logistics Group Supply Chain Company has reached a direct purchase cooperation agreement for PVC with Qinghai Salt Lake Haina Chemical Co., Ltd. and Qinghai Salt Lake Magnesium Co., Ltd., subsidiaries of China Salt Lake Industrial Group. The first batch of 2,500 tons of PVC products has partially been distributed at the Lanzhou Zhongchuan North Station Logistics Park and will subsequently be sold to pipe processing enterprises in surrounding areas. Another portion will be transported via the railway trunk line to Zhejiang for sale in the East China region.

Recently, the Huajin Aramco Petrochemical and Raw Material Engineering Project has reached a significant milestone with the mechanical completion of all 32 major production units, including a 15 million tons per year atmospheric and vacuum distillation unit, a 5 million tons per year residue hydrocracking unit, and a 3.7 million tons per year diesel hydrocracking unit, successfully achieving the annual target. The Huajin Aramco Petrochemical and Raw Material Engineering Project commenced on March 29, 2023, with a total investment of 83.7 billion yuan, primarily constructing 32 process units including a 15 million tons per year refinery and a 1.65 million tons per year ethylene unit.