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

According to the monitoring of the commodity market analysis system of SunSirs, the average price of LLDPE (7042) was 6,410 RMB/ton on January 2 and

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

On January 8th, Shandong Wanhua Chemical reported LLDPE 7042 in the East China region at 6,800 RMB/ton, an increase of 150 RMB/ton; LLDPE 7050 in

Macroeconomics 1. [Foreign Exchange Reserves] Central Bank: As of the end of December 2025, my country's foreign exchange reserves amounted to US$3,357.9 billion, an increase of

On January 5th, Zhenhai Refining and Chemical (East China) reported LLDPE 7042 at 6,500 RMB/ton, an increase of 50 RMB/ton. The article reports that the spot

Macroeconomics 1. [Bulk Solid Waste] The State Council issued the "Comprehensive Solid Waste Management Action Plan," proposing that by 2030, the annual comprehensive utilization of bulk

Overall trend: Polyethylene will experience a fluctuating downward trend throughout 2025, with an accelerated bottoming out in December. The price centers of the three major

Macroeconomics 1. [Tariffs] The State Council Tariff Commission released the "2026 Tariff Adjustment Plan," which will be implemented from January 1, 2026.  According to the plan,

According to the monitoring of the commodity market analysis system of SunSirs, the average price of LLDPE (7042) was 6905 RMB/ton on December 1st, and

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

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

Macroeconomics 1. [Economic Policy] China's central bank's fourth-quarter meeting: Continue to implement a moderately loose monetary policy and strengthen counter-cyclical and cross-cyclical adjustments. The meeting pointed

According to the monitoring of the commodity market analysis system of SunSirs, the average price of LLDPE (7042) was 6,645 RMB/ton on December 16th, and

Macroeconomics 1. [US Consumer Confidence Index] The US consumer confidence index in December further declined to 89.1 from a revised 92.9 in November, marking the fifth

Entering 2025, the polyethylene market continues to plumb the depths of supply-demand imbalance. Current mainstream prices are approaching the extreme lows seen during the initial

Macroeconomics 1. [Public Budget Revenue] According to data from the Ministry of Finance, from January to November, national general public budget revenue totaled 20,051.6 billion RMB,

According to the monitoring of the commodity market analysis system of SunSirs, the average price of LLDPE (7042) was 6,781 RMB/ton on December 9th and

Macroeconomics 1. Fed Rate Cut: Early Thursday morning Beijing time, the Federal Reserve announced a 25 basis point rate cut as expected, lowering the target range