SunSirs: Chemical Industries Bulk Commodity Intelligence (June 10, 2026)

Macroeconomics

1. [PPI] National Bureau of Statistics: In May 2026, China's producer prices for industrial products rose by 3.9% year-on-year and 0.5% month-on-month. Purchase prices for industrial producers increased by 5.8% year-on-year and 1.3% month-on-month. For the January–May period, producer prices rose by an average of 1.0% year-on-year, while purchase prices for industrial producers rose by 1.6%.

2. [CPI] National Bureau of Statistics: In May 2026, the national Consumer Price Index (CPI) rose by 1.2% year-on-year. Specifically, prices rose by 1.3% in urban areas and 1.1% in rural areas; food prices fell by 1.7% while non-food prices rose by 1.9%; prices for consumer goods rose by 1.6% and service prices by 0.8%. For the January–May period, the national CPI rose by an average of 1.0% year-on-year. In May, the national CPI fell by 0.1% month-on-month.

3. [Imports & Exports] Data from the General Administration of Customs shows that in the first five months of 2026, China's foreign trade maintained a trend of steady growth. The total value of imports and exports of goods reached 20.68 trillion RMB, up 15.3% year-on-year. Of this total, exports amounted to 11.91 trillion RMB (up 11.8%) and imports to 8.77 trillion RMB (up 20.5%). In May alone, total imports and exports reached 4.45 trillion RMB—exceeding the 4-trillion-yuan mark for the third consecutive month—with the year-on-year growth rate accelerating to 16.9%.

Chemicals

1. [Photovoltaics] The integrated solar-hydrogen-storage project in Rudong, Jiangsu—developed by Guohua Investment under the China Energy Investment Corporation (CHN Energy)—has been fully completed; it stands as the largest offshore photovoltaic demonstration project in China. Featuring solar arrays, a hydrogen production station, an energy storage facility, and an onshore step-up substation, this is the country's first comprehensive energy project integrating power generation, hydrogen production, energy storage, and ecological restoration, achieving the efficient utilization of electricity for hydrogen storage.

2. [Lithium Carbonate] Zimbabwe's Minister of Mines recently announced that Zhejiang Huayou Cobalt plans to build a lithium carbonate plant in the country. If realized, this project will follow the Arcadia lithium mine and lithium sulfate production line, elevating local processing operations from the concentrate stage to the deep processing of lithium salts.

3. [Ferrous lithium phosphate] A project with an annual capacity of 150,000 tons of battery-grade Ferrous lithium phosphate (LFP), developed by Yichang Churui New Materials Co., Ltd., has recently been established in Yichang, Hubei Province.

4. [Ferrous lithium phosphate] On June 9, construction began on the Ferrous lithium phosphate project by Sichuan Mengguli New Materials. With a total investment of 1.3 billion yuan and a total land area of 300 mu (including 230 mu for Phase I), the project is scheduled for completion and commissioning by June 2027. Upon completion, it will achieve an annual production capacity of 100,000 tons of ferric phosphate and 56,000 tons of Ferrous lithium phosphate.

5. [Ethylene] Recently, the Tarim Phase II ethylene project (1.2 million tons/year capacity) of PetroChina Dushanzi Petrochemical reached mechanical completion across the board and is now making an all-out push toward commissioning by the end of July.

6. [Hydrogen Peroxide] Recently, two major projects—Zhongfu Taihua’s 200,000-ton industrial-grade hydrogen peroxide facility and Evonik Fuhua’s 20,000-ton specialty-grade hydrogen peroxide facility—were successfully completed at the Fuhua New Materials Integrated Industrial Park in Leshan, Sichuan.

7. [Silanes] Recently, Jianghan New Materials announced updates on its new capacity construction: a 10,000-ton vinyl silane production line was completed by the end of 2025 and has finished commissioning; a 10,000-ton amino silane production line was completed in the first quarter of 2026 and is currently undergoing commissioning; a 10,000-ton epoxy silane production line is scheduled for completion by the end of this year; and production lines for 10,000 tons of 6N-grade silicon tetrachloride and 5,000 tons of 9N-grade tetraethyl orthosilicate—part of the functional silicon-based precursor project—are expected to be completed in the first half of next year.

8. [PMMA] On June 9, one production line at Wanhua Chemical’s 160,000-ton/year PMMA plant was shut down for maintenance.

9. [Ethylene Glycol] Market rumors indicate that a 40,000-ton/year ethylene glycol plant in East China has been shut down for maintenance, with the outage expected to last approximately one month.

10. [Diethylene Glycol] On June 9, an 800,000-ton ethylene glycol/diethylene glycol unit in Hainan began a scheduled maintenance shutdown over the weekend; the maintenance is expected to last until November.

A 750,000-ton ethylene glycol/diethylene glycol unit in Zhejiang began a planned maintenance shutdown on the 8th, with the outage expected to last approximately 10 days.

A 280,000-ton/year ethylene glycol/diethylene glycol unit in Central China shut down for maintenance last weekend.

11. [Sulfur] On June 9, total sulfur inventory at Chinese ports stood at 879,600 tons: Fangchenggang (300,000 tons), Beihai Port (51,000 tons), Zhanjiang Port (80,000 tons), Zhenjiang Port (349,000 tons), Nanjing Port (15,000 tons), and Dafeng Port (48,000 tons).

12. [Soda Ash] On June 8, domestic soda ash inventory totaled 1.6859 million tons, a decrease of 1.10% from the previous week; this comprised 1.02 million tons of light soda ash and 665,900 tons of dense soda ash.

13. [Styrene] On June 10, Lihuayi Weiyuan Chemical Co., Ltd. quoted styrene at 8,700 RMB/ton, a decrease of 30 RMB/ton from the previous trading day.

14. [TDI] On June 9, a plant in Northwest China set a fixed price of 15,200 RMB/ton for TDI for the second ten-day period of June; supply is allocated at 20% of the quota with no performance assessment requirements, and due to unit maintenance, there will be no unplanned volume increases.

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