Core Viewpoint - The PET industry faces significant challenges in market demand for the remainder of 2025 due to profit pressures and uncertainties in trade policies [1] Asia Market - The Asian PET resin market is experiencing ongoing overcapacity and intensified competition, which continues to suppress market sentiment [1] - Despite the typical seasonal demand increase in the fourth quarter due to pre-holiday stocking, industry insiders believe it is unlikely to reverse the overall downward trend [1] - A trader expressed that "substantial improvement is hard to see in the second half of the year" [1] Europe Market - The European market is confronted with additional challenges due to the implementation of the EU single-use plastics directive, leading to ongoing uncertainties [1] - The lack of penalties for violations has resulted in virgin PET being favored over recycled materials by end-users [1] - High inventory levels of downstream preforms, combined with front-loaded orders in Q3 and Q4, are expected to keep demand at low levels [1] - According to S&P Global Commodity Insights, the European PET market will continue to exhibit characteristics of a buyer's market [1] Americas Market - In the Americas, inflationary pressures and high interest rates are suppressing end-user demand [1] - Uncertainties in trade policies have reduced the willingness to import, with a distributor noting that "import volumes have significantly decreased due to tariffs" [1]

美国一直在敦促印度停止购买俄罗斯原油。自2022年俄乌冲突爆发以来，印度国有炼油厂一直在购买廉 价的俄罗斯原油，但在美国总统特朗普的压力下，印度国有炼油厂于7月下旬暂停了对俄罗斯原油的购 买。据消息人士透露，印度石油公司在最近的招标中购买了200万桶美国马瑞原油、200万桶巴西原油和 100万桶利比亚原油。过去一周，该公司还通过招标从中东、美国、加拿大和尼日利亚购买了800万桶9 月交付的原油。 据消息人士透露，巴拉特石油公司也通过谈判购买了900万桶9月交付的原油，其中包括100万桶安哥拉 原油、100万桶美国马瑞原油、300万桶阿布扎比原油和200万桶尼日利亚原油。 中化新网讯 近日，印度两大国有炼油厂印度石油公司和巴拉特石油公司已合计购买了至少2200万桶非 俄罗斯原油，所购原油将于9月和10月交付。 ...

Group 1 - The global phenol and acetone market is facing dual pressures of weak demand and oversupply, with participants pessimistic about recovery prospects until the second half of 2025 [2] - In Europe, market participants have little hope for demand recovery for the remainder of the year due to oversupply, with Orlen's decision to halt production unlikely to alleviate the situation [2] - European phenol and acetone prices have remained weak, with July 29 assessments showing acetone at €600 per ton (down 33.3% since January) and phenol at €771 per ton (down 26% since January) [2] Group 2 - In the U.S., market participants expect stability in phenol and acetone markets by year-end, but low housing starts and renovation projects due to inflationary pressures will suppress demand [3] - U.S. acetone demand has stagnated since 2023, with expectations of continued weakness until 2025, and the market may face oversupply requiring increased exports [3] - As of July 22, U.S. Gulf acetone was priced at $992 per ton (down 4% since January) and phenol at $1,046 per ton (down 8% since January) [3] Group 3 - Asia is expected to continue increasing production capacity, with supply to India rising in the second half of the year, despite slow growth in solvent demand [4] - Indian phenol prices have dropped to near two-year lows, and acetone prices have reached 31-month lows due to increased supply from Asian suppliers [4] - The Asian phenol market may experience intensified oversupply due to seasonal weakening and ongoing capacity expansion, with producers facing further margin pressure [4]

SABIC指出，石化行业仍在面临低迷市场环境。受高库存及供应过剩影响，甲醇价格出现回落;而甲基 叔丁基醚(MTBE)价格同样下滑，主要因需求低迷且供应充足。聚丙烯、聚乙烯、聚碳酸酯等聚合物产 品价格下跌，主要由于全球不确定性导致需求疲软，同时市场供应充足。 不过，当被问及公司对欧洲资产组合的调整计划时，SABIC首席执行官阿卜杜勒拉赫曼·阿尔-法吉明确 表示，近期暂无其他工厂关闭计划。 中化新网讯 近日，在第二季度财报发布后的新闻发布会上，沙特基础工业公司(SABIC)负责企业财务的 执行副总裁萨拉赫·阿尔-哈雷基指出："在当前石化市场的困境下，削减成本的压力十分迫切。"SABIC 称，关闭英国蒂斯赛德的裂解工厂已导致37.8亿里亚尔的费用及准备金，为该公司造成巨大的成本压 力。 ...

Yellowtail油田的"ONE GUYANA"浮式生产储卸油船(FPSO)是斯塔布鲁克区块迄今规模最大的FPSO，初 期年均产量为25万桶/日，储油能力达200万桶。Yellowtail的投产标志着埃克森对斯塔布鲁克区块高产油 藏的持续投入。 中化新网讯 近日，埃克森美孚在圭亚那近海斯塔布鲁克区块高产油田的第四个开发项目Yellowtail油田 启动生产，圭亚那的石油产能已跃升至每日90万桶。埃克森美孚预计，到2030年，圭亚那近海的8个开 发项目总产能将达到每日170万桶油当量。 目前，埃克森美孚作为斯塔布鲁克区块作业者持有45%权益，中国海油（600938）(CNOOC)拥有剩余 25%权益。圭亚那近海油田已成为合作伙伴的高收益资产，未来有望进一步增产并创造数十亿美元收 益。 ...

Group 1 - SK Innovation announced the merger of its electric vehicle battery subsidiary SK On with SK Enmove, which produces lubricants and immersion cooling solutions, as part of its strategy to transform into a leading energy company in the electrification era [1] - The merger is set to officially commence on November 1, aiming to integrate the technological advantages of both subsidiaries and accelerate growth in the electrification business, viewed as a core revenue source for the future [1] - SK Innovation plans to raise 8 trillion KRW in capital by 2025 and optimize 1.5 trillion KRW in assets as part of its restructuring efforts [1] Group 2 - The company expects the merger to yield direct financial benefits, including an increase of 800 billion KRW in EBITDA by 2025 and an additional 200 billion KRW in EBITDA through synergies by 2030 [1] - SK Innovation has set a target to achieve an annual EBITDA of 20 trillion KRW by 2030 while keeping net debt below 20 trillion KRW [1] - The focus will be on core business areas such as electric vehicle batteries, energy storage systems, lubricants, electric vehicle refrigerants, and immersion cooling solutions, with expectations of expanding cross-selling opportunities and entering new markets to enhance revenue [1] Group 3 - The company plans to reduce net debt by 9.5 trillion KRW within the year through asset optimization strategies, including the sale of non-core assets [2] - SK Innovation aims to build a diversified business portfolio covering oil, chemicals, liquefied natural gas, electricity, and energy solutions [2] - In June 2025, SK Innovation acquired the remaining 30% stake in SK Enmove from Eco Solution Holdings for 859.26 billion KRW [2]

Core Viewpoint - Shandong Province's Ministry of Industry and Information Technology has issued a notice outlining the 2025 industrial energy conservation inspection tasks and carbon reduction diagnostic services, targeting multiple petrochemical and chemical enterprises [1][2] Group 1: Energy Conservation Inspection Tasks - A total of 26 refining enterprises, 13 synthetic ammonia enterprises, 3 chemical fiber and blended fabric enterprises, 2 tire enterprises, 1 chemical enterprise, 1 fertilizer enterprise, 1 titanium dioxide enterprise, and 1 coal-to-methanol enterprise are included in the energy conservation inspection task list [1] - The notice emphasizes the need for energy conservation and carbon reduction diagnostics to identify weaknesses in production processes, key product equipment, energy structure, and energy management systems [1] Group 2: Carbon Reduction Diagnostic Services - The notice includes 1 petrochemical enterprise, 5 nitrogen fertilizer enterprises, 1 rubber and plastic products enterprise, 1 chlor-alkali enterprise, and 3 chemical enterprises in the carbon reduction diagnostic service task list [1] - The document highlights the importance of energy conservation and carbon reduction services in guiding enterprises to implement energy-saving technology transformations and promote equipment upgrades [2]

8月8日，福建省恒申慈善基金会（以下简称"恒申基金会"）和北京姚基金公益基金会（以下简称"姚基 金"）战略合作协议签约仪式在恒申中心举行，双方将携手深耕乡村体教公益，拓展体教融合的深度与 广度。 以体育人 尽显责任担当 战略合作 助力青年成长 恒申控股集团有限公司用40多年，以一根尼龙丝为起点，蜕变为横跨化纤、化工、新材料领域的现代化 跨国企业集团。恒申基金会是由恒申集团发起，在福建省民政厅注册登记的一家非公募基金会。 早在2021年，恒申基金会与姚基金就已达成项目合作，将姚基金希望小学篮球季项目落地福建。截至 2024年，该项目已经在福建屏南、罗源、平潭、尤溪、武平和武夷山6个地区的95所乡村学校开展该活 动，并与三明学院达成支教合作，累计派出支教志愿者207名，开展县级、省级联赛300余场，累计受益 学生超9万人。 8月7日，2024—2025第十四届姚基金希望小学篮球季全国集训及联赛在福建平潭圆满落幕。此次全国集 训及联赛历时7天6晚，来自全国22个省、自治区、直辖市的55支乡村小学篮球队共550名小球员汇聚于 此。 "在比赛活动中，我认识了五湖四海的朋友，虽然我们在赛场上是对手，但是在共同成长的过程中 ...

美国对加拿大进口商品的关税新政问题仍在发酵。市场人士表示，关税对加拿大化工行业直接负面影响 有限，甚至可能"因祸得福"，最终带来净收益。市场多元化将促进行业投资，而联邦主导的经济战略将 简化行业监管。 关税连锁效应发酵，投资主导权收归联邦 一个对加拿大化工行业有利的消息是，关税实际影响低于预期。尽管1962年《贸易扩展法》第232条款 下钢铝、部分铜产品和成品车非美零部件关税仍然严苛，但依据《国际紧急经济权力法》实施的广泛关 税不适用于美墨加协定(USMCA)的合规商品。加拿大央行估算，目前94%的对美出口商品符合USMCA 要求，有效关税率仅上升不到1%，至约7%。 在此背景下，3月接替特鲁多出任总理的马克·卡尼在8月1日回应美国关税时阐明新经济战略："在与美 继续谈判的同时，加拿大政府将聚焦可控领域——即建设强大的加拿大。联邦政府与各省正协同消除贸 易壁垒，推进包括管道、铁路、港口在内的万亿级国家建设项目，用本土工人和资源创造高薪岗位，同 步强化全球贸易伙伴多元化。" 这种新经济民族主义标志着与近年政策的显著背离。过去工业与基建发展多由省级主导，联邦政府常持 旁观或反对态度。例如艾伯塔省石化产业扩张主要得 ...

Core Viewpoint - Liaoning Province has implemented measures to strengthen the full-chain safety management of hazardous chemicals, focusing on production, operation, use, and transportation to mitigate safety risks [1][2]. Group 1: Production Management - The province will deepen the risk prevention mechanism in high-risk sectors through a "1+X" approach, where "1" refers to nitration and "X" represents other selected sectors each year [1]. - A "two reductions and two improvements" action plan will be implemented for high-risk process enterprises, aiming to reduce quantity and personnel while improving automation and education levels [1]. - Safety risk assessments will be strictly conducted in chemical parks, with a target for approximately 90% of parks to reach a D-level safety risk rating by the end of the year [1]. Group 2: Operational Management - The province aims to enhance the functionality of the hazardous chemicals business safety supervision system, promoting coordination among multiple departments such as commerce, market, data, industry, emergency management, and public security [1]. - There will be a strict crackdown on illegal operations involving hazardous chemicals [1]. Group 3: Usage and Transportation Management - Enhanced management of chemical enterprises and other businesses using hazardous chemicals will be prioritized, with a focus on improving the safety skills of personnel [1]. - Strict market access controls will be enforced for vehicles and vessels transporting hazardous goods, alongside a crackdown on unlicensed operations [1]. Group 4: Regulatory Mechanisms - The province has emphasized the need to improve the source supervision mechanism for hazardous chemicals and strengthen the regulatory framework [2]. - Local governments and departments are required to establish comprehensive measures to encourage enterprises to increase safety investments and conduct hazard identification and remediation [2]. - The use of big data and artificial intelligence technologies will be integrated for comprehensive management of hazardous chemicals across all stages, enhancing information management capabilities [2].