Macroeconomics 1. [US Tariffs] The US Department of Commerce announced it will impose countervailing duties on crystalline silicon solar cell modules imported from India, Indonesia, and

Macroeconomics 1. [MLF] The People's Bank of China will conduct 600 billion RMB of MLF operations on February 25th. Given that 300 billion RMB of MLF

On February 24th, the benchmark price for PP (wire drawing) in SunSirs was 6,640.00 RMB/ton, a decrease of 1.19% compared to the beginning of this

According to the Commodity Market Analysis System of SunSirs, before the Spring Festival, the domestic PP market remained strong and the price changes of various

On February 13th, the benchmark price for PP (wire drawing) in SunSirs was 6,640.00 RMB/ton, a decrease of 1.19% compared to the beginning of this

On February 11th, the benchmark price for PP (wire drawing) in SunSirs was 6,640.00 RMB/ton, a decrease of 1.19% compared to the beginning of this

In 2025, China's chemical industry exhibited a pattern of “overall growth amid profitability pressures.” Domestic annual refining capacity reached a historic milestone of 980 million

Entering February, Sinopec East China's propene listed price remained at 6,500 RMB/ton. During this period, Zhejiang's ex-tank quotes hovered around 6,500 RMB/ton, while Jiangsu's delivered

On February 6, the China Petroleum and Chemical Industry Federation (CPCIF) held the “2025 China Petroleum and Chemical Industry Economic Performance Conference” in Beijing. At

According to the Commodity Market Analysis System of SunSirs, the domestic PP market gradually rose in January, with significant price increases for various brand products.

Recently, chemical products have drawn market attention due to the logic of “cycle bottoming out and expectation reversal.” Concurrently, the North American cold snap and

Domestic polypropylene output in 2025 maintained the growth momentum seen since 2024, with total annual production surpassing 39 million metric tons—a year-on-year increase of 14%.

Affected by multiple bearish factors, the polypropylene industry encountered a cyclical downturn in 2025, with corporate profitability facing widespread pressure. Throughout 2025, domestic polypropylene prices trended

Macroeconomics 1. [Electricity] Data released by the National Energy Administration shows that as of the end of 2025, the cumulative installed power generation capacity nationwide reached

On January 27th, the benchmark price for PP (wire drawing) in SunSirs was 6,646.67 RMB/ton, an increase of 7.73% compared to the beginning of this

According to the Commodity Market Analysis System of SunSirs, domestic PP prices rebounded after rising in mid January, and prices of various brand products fluctuated.

Entering 2026, the polypropylene industry chain persists in the sluggish market conditions that began in the fourth quarter of 2025. The new year finds the

Macroeconomics 1. [Taxation] The Ministry of Finance and the State Taxation Administration announced that, effective April 1, 2026, the value-added tax (VAT) export rebate for photovoltaic

Macroeconomics 1. [PPI] National Bureau of Statistics: In December 2025, the national producer price index (PPI) decreased by 1.9% year-on-year, a narrower decline of 0.3 percentage