Macroeconomics 1. [Economic Work] On April 28, the Political Bureau of the CPC Central Committee convened a meeting to analyze and review the current economic situation

Macroeconomics 1. [Industrial Enterprise Profits] National Bureau of Statistics: From January to March, industrial enterprises above a designated size nationwide realized total profits of 1,696.04 billion

In late April, the domestic polypropylene (PP) market exhibited a pattern of internal and external divergence, characterized by a sharp rise in exports, persistently weak

According to data from SunSirs' "Spot Connect" service, the domestic PP market experienced high-level volatility in early-to-mid April. Prices for various product grades saw more

Macroeconomics 1. [Electricity Consumption] National Energy Administration: In March, total electricity consumption across society reached 859.5 billion kWh, a year-on-year increase of 3.5%. Electricity consumption in

Macroeconomics 1. [LPR] Authorized by the People's Bank of China, the National Interbank Funding Center announced that, as of April 20, 2026, the Loan Prime Rate

Macroeconomics 1. [Industrial Capacity Utilization Rate] National Bureau of Statistics: In the first quarter of 2026, the national industrial capacity utilization rate for enterprises above designated

Since April, the domestic polypropylene (PP) market has experienced high-level volatility, with prices rising initially before falling. The price dynamics have shifted from a one-sided

Macroeconomics 1. [M2] Central Bank: As of the end of March, the balance of broad money (M2) stood at 353.86 trillion RMB, a year-on-year increase of

According to the Commodity Market Analysis System of SunSirs, the domestic PP market fluctuated at a high level in early April, with prices of various

Macroeconomics 1. [Shipping] The Strait of Hormuz has been closed once again. According to data from maritime traffic tracking systems, the oil tanker *Aurora*—originally bound for

Recently, at the 2026 World Petrochemical Congress held in Houston, Pooja Jain, Senior Principal Analyst at S&P Global CERA, stated that while the conflict in

Macroeconomics 1. [Power] According to the National Energy Administration: As of the end of February, the nation's cumulative installed power generation capacity reached 3.95 billion kilowatts,

According to the Commodity Market Analysis System of SunSirs, the domestic PP market had a "good start" in late March, with prices rising strongly. As

Recently, ongoing tensions in the Middle East have been having a profound impact on the global petrochemical market. As the ripple effects of these market

As geopolitical tensions in the Middle East continue to escalate, the future of the Strait of Hormuz—a vital chokepoint for global energy and chemical shipments—remains

According to the Commodity Market Analysis System of SunSirs, the domestic PP market in China rose at a high level in March, and prices of

Shipping Through the Strait of Hormuz Disrupted; Middle Eastern Chemical Exports Cut Off The ongoing escalation of conflict in the Middle East has dealt a severe

Amidst the impact of Middle East geopolitical tensions, international energy markets experienced volatility, propelling both futures and spot markets for polypropylene (PP) to surge. Data indicates