Macroeconomics 1. [Fiscal Policy] The National Fiscal Work Conference was held in Beijing. The meeting pointed out that in 2026, a more proactive fiscal policy will

On the supply side, last week's operating rate for domestic petroleum benzene units stood at 74.89%, a marginal decrease of 0.05 percentage points from the

In November, production from medium-thick plate rolling mills and cold continuous rolling mills at key statistical enterprises increased year-on-year, while hot continuous rolling mill output

Customs data shows that from January to November 2025, a total of 6.27 million tons of edible vegetable oil were imported domestically, a year-on-year decrease

On December 26th, the MTBE external market closed down: the closing price of the Asian MTBE market was $2.09/ton lower than the previous trading day,

In November 2025, the total import of PE in China was 1.0622 million tons. The import volume of 1.0622 million tons has increased the supply of

According to the latest customs data, China imported 16,500 metric tons of propylene oxide in November 2025, marking a year-on-year increase of 16.0%. Major import

According to EU data, the import volume of rapeseed in the EU has decreased by 41% year-on-year since 2025/26, with a significant decrease in the

I. 2025 Trade Landscape: Simultaneous Growth in Import Volume and Structural Decline in Reliance By 2025, China's ethylene glycol trade will exhibit a pronounced “volume up,

As 2025 trading nears its close, the global precious metals market has once again witnessed historic movements. On December 26, international gold and silver prices simultaneously

Data released by the National Bureau of Statistics on the 27th showed that from January to November, industrial enterprises above designated size nationwide achieved a

In Q4 2025, China's thermal coal market experienced an overall upward trend followed by a decline, with prices peaking at the highest level of the

On December 29th, China National Petroleum Corporation (CNPC) announced that as of December 28th, the carbon dioxide injection volume of CNPC Xinjiang Oilfield has exceeded

According to data from the Malaysian Palm Oil Association (MPOA), Malaysian palm oil production decreased by 7.44% month on month from December 1st to 20th,

According to the National Grain and Material Reserve Data Center, due to the weak trend of US soybeans, strong uncertainty in diesel production policies, and

Entering 2025, China's styrene market continues to operate within a capacity expansion cycle, exhibiting pronounced seasonal shifts in supply-demand dynamics. Supply pressures intensified in the

On December 28th, the commodity price index BPI was 895 points, unchanged from yesterday, a decrease of 33.36% from the highest point of 1,343 points

According to the news on the website of the Ministry of Natural Resources on December 23, in order to give full play to the leading

In the fourth quarter of this year, base metals have seen successive price increases, drawing significant attention. However, alumina not only failed to follow suit

On December 25, Yunnan Yuntianhua Co., Ltd. (hereinafter referred to as “Yuntianhua”), a publicly listed company, issued an announcement that its associated subsidiary, Yunnan Yuntianhua