SunSirs: Plastics and Rubber Industries Bulk Commodity Intelligence (July 10, 2026)

Macroeconomics

1. [Carbon Peak Action] The State Council has issued the "Action Plan for Carbon Peaking during the 15th Five-Year Plan Period." By 2030, my country aims to reduce carbon dioxide emissions per unit of GDP by 17% compared to 2025 levels, raise the share of non-fossil energy consumption to 25%, and strive to increase the proportion of new energy vehicles (NEVs) in the total vehicle fleet to 30%. The Action Plan outlines five key tasks—such as accelerating the adjustment and optimization of the energy structure—and schedules major projects, including inter-provincial power mutual support and the clean substitution of coal consumption.

2. [Automotive] Latest data from the my country Association of Automobile Manufacturers (CAAM) shows steady growth in the production, sales, and exports of new energy vehicles (NEVs) during the first half of this year. Specifically, NEV production and sales reached 7.438 million and 7.446 million units, respectively, marking year-on-year increases of 6.7% and 7.3%. In June, NEV sales accounted for nearly 60% of total new vehicle sales.

3. [US Initial Jobless Claims] US initial jobless claims fell by 2,000 to 215,000 last week—slightly below the market expectation of 218,000—remaining near historical lows. However, the number of continuing claims rose to 1.814 million, hitting a high not seen since March.

Plastics and Rubber

1. [PE] On July 9, regarding Hengli Petrochemical's PE operations, the 400,000-ton/year low-pressure unit was shut down.

2. [SBR] On July 9, the SBR market in Northwest China trended upward, with traders slightly raising their offers; the mainstream quote for Jihua 1502 stood at 12,650 RMB/ton.

3. [BR] On July 9, the BR market in Northwest China rose, with traders' offers edging up slightly. Currently, mainstream quotes for BR in regions such as Sichuan and Dushanzi range from 12,550 to 12,600 RMB/ton.

4. [Natural Rubber] On July 9, the market for natural rubber raw materials in Thailand saw slight gains: Ribbed Smoked Sheets (RSS) were quoted at 91.00 THB/kg (up 1.00 THB/kg); field latex at 78.00 THB/kg (up 0.50 THB/kg); and cup lump at 70.20 THB/kg (up 0.20 THB/kg).

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