Macroeconomics 1. [Reverse Repo] The People's Bank of China (PBOC) announced that it would conduct a 500-billion-yuan Medium-term Lending Facility (MLF) operation on August 25. The

On August 22, 2026, the benchmark price for general-purpose polystyrene (GPPS) tracked by SunSirs stood at 9,850 RMB/tonne, compared to 9,883.33 RMB/tonne on August 1.

Macroeconomics 1. [Reverse Repo] To maintain ample liquidity in the banking system, the People's Bank of China (PBOC) will conduct outright reverse repo operations totaling 500

The domestic polystyrene (PS) market performed strongly in the second half of July, with significant price increases across most grades. According to SunSirs' bulk commodity

Macroeconomics 1. [US-Iran Conflict] Sources revealed that Iran informed Yemen's Houthi rebels that if the US attacks Iran's power grid, the Houthis should blockade the Bab

I. Key Global Industry Development: Permanent Closure of 400,000 Tons of Aging North American Polystyrene Capacity On June 18, an overseas company in the styrene value

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

In late June, the domestic polystyrene (PS) market remained weak and trended downward, with significant price drops across most grades. According to SunSirs' bulk commodity

In early March, the domestic PS market saw a strong upward trend. The spot prices of most brands have increased significantly. According to the bulk

Macroeconomics 1. [Economic Goals] The Government Work Report outlines the main expected development goals for 2026 as follows: economic growth of 4.5%-5%, with efforts to achieve

Macroeconomics 1. [Foreign Exchange] The People's Bank of China announced that, effective March 2, 2026, the foreign exchange risk reserve ratio for forward foreign exchange sales

On February 13th, the benchmark price of PS in SunSirs was 8,400.00 RMB/ton, a decrease of 0.4% compared to the beginning of this month (8,433.33

On February 11th, the benchmark price of PS in SunSirs was 8,400.00 RMB/ton, a decrease of 0.4% compared to the beginning of this month (8,433.33

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

In January, supported by concurrently strengthening prices of styrene and butadiene feedstocks, ABS/PS producers maintained upward adjustments to their quotations, sustaining a price-hike trend. The

On January 16th, the benchmark price of PS in SunSirs was 7,866.67 RMB/ton, an increase of 4.19% compared to the beginning of this month (7,550.00

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

At the end of December, the domestic PS market was mainly weak and consolidated. Most spot prices of certain brands have limited fluctuations. According to

According to customs data, the total export volume of PS in China in November 2025 was 39,400 tons, an increase of 29.46% compared to the