Zhenhai Refining & Chemical operates four PP production lines with a combined annual capacity of 1.3 million tons. All lines are currently operating at normal load. The ex-factory reference price for wire drawing material T30S has been reduced by 50 yuan to 6,800 yuan/ton. Spot prices from merchants are adjusted according to market conditions, and trading activity remains moderate.
Yangzi Petrochemical's two-phase production facilities have a combined PP capacity of 400,000 tons per year, with all units currently operating at normal load. The ex-factory reference price for drawing material F401 has been raised by 100 yuan to 6,800 yuan per ton. Merchants are adjusting spot prices according to market conditions, and trading activity remains satisfactory.
Sinopec Shanghai Petrochemical has an annual PP production capacity of 400,000 tons across three units, all currently operating at normal capacity. The ex-factory reference price for wire drawing material T300 has been raised by 100 yuan to 6,950 yuan per ton. Spot prices from merchants are adjusted according to market conditions, with trading activity remaining steady.
Shandong Yuhuang's PS plant has a total annual capacity of 200,000 tons and is currently shut down entirely. The ex-factory reference price for general-purpose EPS has been raised by 100 yuan to 8,500 yuan/ton, while the ex-factory reference price for flame-retardant EPS has increased by 100 yuan to 8,700 yuan/ton, with actual transaction prices subject to negotiation.
On February 26, the natural rubber raw material market in Thailand saw price increases: smoked sheet was quoted at 71.50 THB/kg, up by 1.75 THB/kg; latex was quoted at 68.00 THB/kg, up by 0.70 THB/kg; cup lump was quoted at 60.00 THB/kg, up by 1.20 THB/kg.
On February 26, Hainan Yisheng PET was quoted at 6,370 yuan/ton, and Dalian Yisheng was quoted at 6,370 yuan/ton, unchanged from the previous trading day.
According to data from the National Bureau of Statistics, China's plastic product output in December 2025 was 7.587 million tons, a year-on-year decrease of 3.5%. The total annual output of plastic products in China for the year was 79.199 million tons, a year-on-year decrease of 0.2%.
On February 26, Jiangsu Sanfangxiang quoted PET at 6,300 yuan/ton, while Zhejiang Wankai quoted PET at 6,360 yuan/ton, both showing a decrease compared to the previous trading day.