Macroeconomics 1. [Tariff-Rate Quotas] Ministry of Commerce: Detailed implementation rules for 2027 import tariff-rate quotas (TRQs) for sugar, wool, and wool tops have been released. The

In September, the domestic ABS market fluctuated and prices of various grades of spot goods fluctuated, with an overall increase. According to data from SunSirs

As September began, the Acrylonitrile-Butadiene-Styrene (ABS) market failed to exhibit the typical characteristics of a peak season, with producers remaining mired in deep losses. As

Macroeconomics 1. [LPR] Authorized by the People's Bank of China, the National Interbank Funding Center announced the Loan Prime Rates (LPR) for September 20, 2026: the

China domestic ABS market performed positively in early September, with spot prices for most grades increasing. According to SunSirs data, the average price of sampled

Since the outbreak of tensions in the Middle East, prices for chemical raw materials have largely risen in tandem with crude oil. However, with end-user

In the second quarter of 2026, the shipment value of US plastics machinery stood at $235.8 million, down 14.8% quarter-on-quarter and 7.2% year-on-year. While shipments

On August 28, 2026, the composite benchmark price for general-purpose ABS stood at 10,430 RMB/tonne, up from 10,100 RMB/tonne on August 1; while the overall

Cooper Standard has indicated that Chinese automakers are becoming a new growth engine for its plastics and sealing businesses. Chinese OEMs account for approximately 20%

Erema Group, an Austrian supplier of plastics recycling technology, reported revenue of €235 million for the 2025/26 fiscal year, a year-on-year decline of 28%. The

On August 10, the benchmark price for ABS tracked by SunSirs stood at 9,466.67 RMB/tonne, a decrease of 1.56% compared to the beginning of the

According to SunSirs, as of August 6, 2026, the technical outlook for ABS indicates a period of range-bound consolidation. In the short term, moving average

In July, the domestic ABS market trended upward from a low base, with spot prices for most grades stabilizing after initial gains. According to SunSirs

Macroeconomics 1. [MLF] The People's Bank of China will conduct a Medium-term Lending Facility (MLF) operation worth 500 billion RMB on July 24. Wind data shows

China customs statistics and industry monitoring data indicate that the total export value of all domestic chemical product categories reached RMB 302.5 billion in June

In the first half of July, the domestic ABS market rose after a period of consolidation at low levels, with spot prices for most grades

I. Overview of Market Trends in the First Half of the Year In the first half of 2026, the ABS market followed a pattern of fluctuating

The domestic ABS market saw a significant decline in June, with spot prices for most grades dropping sharply. According to SunSirs data, the average price

Following the ceasefire memorandum between the US and Iran, international crude oil prices plummeted repeatedly, putting the aromatics industry chain under widespread pressure; styrene prices