Macroeconomics

1. [Reverse Repurchase] The People's Bank of China (PBOC) announced on March 6, 2026, that it will conduct 800 billion RMB of outright reverse repurchase operations using a fixed-quantity, interest rate-based bidding process with multiple price levels. The term is 3 months (91 days).

2. [US Initial Jobless Claims] The number of Americans filing for unemployment benefits for the first time last week was 213,000, compared to an estimated 215,000 and a previous reading of 212,000.

3. [Shipping] On March 5, Evergreen Marine Corporation issued a notice to its customers, suspending new booking applications for the following countries and ports, including ports of origin (POL) and ports of destination (POD), until further notice: all ports in Bahrain, Kuwait, Qatar, the United Arab Emirates, Saudi Arabia (except Jeddah), and Iraq: Umm Qasr.

Plastics and Rubber

1. [PP] On March 5th, Daqing Petrochemical's 100,000-ton/year PP plant was operating normally. The ex-factory reference price for T30S fiber grade PP was raised again by 300 RMB to 7,750 RMB/ton. Spot prices followed market trends, and trading was moderate.

2. [LLDPE] On March 5th, Shandong Wanhua Chemical quoted LLDPE 7042 at 7,700 RMB/ton in East China, an increase of 200 RMB/ton.

3. [BR] On March 4th, Sinopec Sales Company raised its ex-factory price for butadiene rubber by 100 RMB/ton, with Qilu butadiene rubber quoted at 13,300 RMB/ton.

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