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Market News | UK Launches Anti-Dumping Probe Into Chinese PVC; Chemical Market Slumps: PC & PA Drop RMB 200 In A Single Day, ABS & PE Keep Dipping.
On August 4, 2026, the UK Trade Remedies Authority (TRA) issued an official notice to launch an anti-dumping investigation into suspension polyvinyl chloride (S-PVC) imported from China, South Korea and Mexico. Following India, Pakistan, Thailand and South Korea, the UK has become another jurisdiction joining the restrictive campaign targeting Chinese PVC products. The investigation application was filed by INOVYN ChlorVinyls Ltd, a subsidiary of UK-based S-PVC manufacturer INEOS. INEOS operates an S-PVC production plant in Newton Aycliffe, Northeast England, alongside multiple manufacturing sites in Cheshire. Direct Impacts on China’s PVC Exports Export statistics show China only shipped 18,700 tonnes of PVC to the UK in 2025, compared with merely 120 tonnes in 2024, 238 tonnes in ... -
Unite as One, Forge Ahead | Chemdo Holds 2026 Semi‑Annual Meeting
On July 31, 2026, Chemdo (Shanghai) Trading Co., Ltd. convened its 2026 semi‑annual meeting. Department heads delivered presentations reviewing first‑half‑year business performance, sales statistics, financial status and human resources achievements. They analyzed current business conditions, summarized achievements and clarified work priorities for the second half of the year. All team members attended the session with full engagement, aligning efforts to support steady business growth in the coming months. -
Market News | All 16 Varieties Including PP, PE & ABS Rallied in July; Chimei/Rongsheng Cut ABS Ex-Factory Prices by RMB 300/MT; Spot Mixed Today！
July Overview Chemical feedstocks saw broad-based rallies in July led by petrochemical bulk commodities. Key feedstocks such as styrene, bisphenol A, pure benzene and butadiene, as well as core PU raw materials, posted gains above 15%. Bromine, aromatics and alcohols also trended higher. Rubber & plastic products staged a collective rebound. Among the 18 tracked varieties, 16 registered price hikes: PP raffia, LLDPE and LDPE rose over 12%, ABS climbed 10.75% and PS gained 10.43%, with all general-purpose plastics surging. August 3 Market Update With potential further escalation of US-Iran tensions, Brent and WTI crude oil plunged more than 6% in early trading on August 3. Domestic energy and chemical markets followed suit with broad declines: · Crude oil: -3.58% · Pure benzene: -1.... -
Japan’s June PVC Resin Shipments Down Over 5%
China Chemical News — The Vinyl Environmental Council (VEC), an association of Japan’s polyvinyl chloride (PVC) resin manufacturers, recently released data showing Japan’s total PVC resin shipments reached 102,411 metric tons in June, a year-on-year drop of 5.1%. Exports, which account for 40% to 50% of total shipments, are recovering sluggishly. Global PVC resin market prices remain depressed amid falling raw material costs and weak overall demand. Hiroshi Yokota, Chairman of VEC, voiced concerns over the downward price trend. “Current transaction prices stand at roughly $800 per metric ton, and the market outlook is bleak,” he said. Earlier, PVC prices in Asia hovered around $1,100 per metric ton amid supply procurement jitters stemming from tensions in the M... -
Market News: India Imposes Restrictions on PVC Imports; Formosa Plastics Hikes Offers – Cheap Domestic Shipments Hit Headwinds; Crude Slumps, ABS & PP Drop RMB 200/MT Today.
The Indian government rolled out a short-term import control policy targeting suspension-grade PVC resin, which will remain effective for six months. Under the new regulation, imports of suspension PVC resin with a CIF price at or below USD 766 per metric ton will be restricted. Shipments priced above this threshold can still be imported freely without extra constraints. A clear exemption clause is included: suspension PVC resin imported for manufacturing finished export goods is excluded from the price cap measure. One week prior to the price restriction rule, India’s full tariff waiver covering 40 key petrochemical products expired on July 15. PVC imports have since reverted to the baseline 7.5% import tariff rate. India’s policy stance underwent a dramatic U... -
Market News | South Korea Permanently Shuts 1.39Mt Ethylene Capacity; Domestic H2 Capacity Surplus Looms, PE Fluctuates RMB 50–200/MT, ABS Up RMB 130/MT
South Korean authorities approved a major restructuring plan on July 22: YNCC’s two Yeosu ethylene units (1.39Mt/year) will close permanently. The shutdown cuts YNCC’s ethylene capacity by over 60%, trimming nearly 10% of South Korea’s total national ethylene capacity at one stroke. Nearly all major South Korean petrochemical firms have suffered losses in the past two years. Their plants depend heavily on imported naphtha and lack cost advantages. The government targets voluntary ethylene capacity cuts of 2.7–3.7Mt/year, around 25% of its total 14.7Mt annual capacity. The target gap remains; aging crackers at KPIC and SK Geocentric are next candidates for shutdown. Domestically, only 1Mt new PE capacity went online in H1, far lower than last year. Middle East shipping disruptions and co... -
Market News | Geopolitical Risks Escalate; Shipping Volume in Strait of Hormuz Drops to Zero!
Qimei Zhenjiang raises prices by RMB 900/MT; ABS and PP spot prices jump RMB 400/MT, PE rises RMB 300/MT across the board today… US-Iran tensions flared up again! Shipping data shows traffic through the Strait of Hormuz has hit rock bottom. Statistics reveal no LNG tankers have been spotted transiting the strait since July 16. Iran claimed on the 19th that shipping volume in the Strait of Hormuz has fallen to zero, and any vessel attempting to cross will be targeted. Four ships tried to pass on that day: two were intercepted, and the other two aborted their voyage. The worsening strait crisis has sent shockwaves rippling through global energy markets. Brent crude rebounded from around USD 70 to nearly USD 90 within 20 days. Capital Economics issued an even more aggressive forecast... -
Market Report of Polypropylene (PP) & Polyethylene (PE)
Core Focus The US and Iran remotely signed a memorandum of understanding, opening a 60-day negotiation window. The US pledged to lift maritime blockades within 30 days, while Iran would negotiate strait management with Oman. However, the US military launched strikes on the same day, with both sides accusing each other of breaching the agreement. Iran’s Parliament Speaker stated that the strait “will not return to its former state”. Analysts commented that the signing of the memorandum marks a major breakthrough, yet its implementation outlook remains highly uncertain, and market optimism over peace talks should be treated with caution. PP Supply The operating rate of PP pellet plants stood at 66.25% (flat week-on-week), and that of PP powder plants hit 26.56% (flat week-on-w... -
South Korea Launches Anti-Dumping Probe on Chinese PVC; ABS & PP Jump Over RMB 300/Ton Amid Rallis
After India and Thailand, South Korea has initiated trade measures targeting Chinese PVC exports. Per South Korean media reports dated July 8, 2026, the Korea Trade Commission issued Announcement No. 2026-13, launching an anti-dumping investigation into suspension-grade PVC resins manufactured in China to verify dumping allegations and domestic industry injury. The probe focuses on two major Chinese chemical manufacturers: Tianjin Bohua and Wanhua Chemical. Official trade data shows China’s PVC export volumes to South Korea have surged drastically: 10,900 tons in 2023, 14,400 tons in 2024, and 40,400 tons in 2025. If dumping is confirmed in the final ruling, South Korea may impose anti-dumping duties on Chinese PVC. Previously, South Korea issued a final verdict on PVC paste resins impo... -
Market News: Thailand Launches Anti-Dumping Probe Into Chinese PVC; ABS Falls 580 This Week, PP & PS Keep Sliding！
Recently, the Department of Foreign Trade under Thailand’s Ministry of Commerce issued an announcement, launching an anti-dumping investigation into polyvinyl chloride (PVC) originating from Chinese mainland and Chinese Taiwan, in response to applications filed by domestic Thai enterprises. In recent years, China’s PVC exports have mainly flowed to Southeast Asia and neighboring regions. Driven by steady domestic demand and infrastructure development in Thailand, China’s PVC shipments to the country have grown continuously. Export volumes surged from 30,000 metric tons in 2022 to roughly 120,000 metric tons in 2025. Even so, Thailand only accounts for a small share of China’s total PVC exports, standing at 3% to 3.5%. Looking at China’s PVC export performance from January to May 2026, M... -
Early July Market Overview！
Crude oil dealt a heavy blow to the market at the start of July: WTI front-month futures fell 2.03%, while Brent front-month futures dropped 1.00%. For the full month of June, WTI slumped 18.52%, marking a roughly 30% cumulative loss in Q2 — its worst quarterly performance since 2020. The steep decline in crude oil dragged down the plastics sector, which failed to hold up. All plastic products closed lower across the board in June with drastic losses. PP raffia topped the monthly decline chart with a plunge of 20.96%, outperforming ABS, PC, PET and other varieties by a wide margin. Within just one month, the national average PP price tumbled from RMB 9,661/ton to RMB 7,954/ton, a drop of RMB 1,707/ton, representing an overall decline of 17.67%. South China recorded the sharpest slump, w... -
Rush to Fulfill Orders! European Heatwave Boosts Demand for Cooling Appliances, Upstream Plastic Demand to Rise！
Europe has recently been hit by an unprecedented heatwave. Multiple countries including Germany and the Czech Republic have set new June temperature records, while Hungary and Poland have issued heat warnings. Cooling products such as air conditioners, electric fans and portable ice makers are selling briskly overseas. According to CCTV Finance, smart display fans and compact mobile air conditioners have become top sellers on cross-border platforms this year. Many upstream manufacturers are operating at full capacity to rush order deliveries. The robust downstream demand is being passed along the plastic industrial chain. Structural parts of cooling appliances including fan casings and blades, air conditioner components, as well as water tanks and inner liners of ice makers are mostly...