15th Five-Year Plan Landing Wanhua Chemical Raises MDI Quotation: August 4 Commodity Intelligence

Macro

1, [Electric Power] research and Reform Commission, Energy Bureau: issued the "New Power System Construction" 15th Five-Year Plan ", proposed to 2030 new power system initially completed. Non-fossil energy power generation accounted to 50%, to achieve a high level of new energy consumption of greater than 2.8 billion kilowatts. A charging network that can support greater than 0.11 billion electric vehicles has been built, and virtual power vegetation have have become an crucial carrier to interaction on the electricity side. Breakthroughs have been made in key technologies and equipment, and a unified national electricity market system has been basically completed.

2, [U.S. Manufacturing PMI] U.S. ISM manufacturing PMI rose sharply to 55.6 in July, the highest level since might 2022, expanding to seven consecutive months. Three key indicators of production, new orders and employment strengthened across the board.

Energy

1. [Crude Oil] On August 3, international crude oil futures fell sharply. U.S. WTI crude oil futures settled at $80.34 a barrel in September, down $4.33, or 5.1 percent. Brent crude oil futures settled at $83.77 a barrel in October, down $4.16, or 4.7 percent.

2. [Crude Oil] On August 3, a preliminary survey showed that US crude oil inventories, gasoline and distillate inventories were expected to decline last week. The four analysts interviewed estimated on average that US crude oil inventories fell by about 2 million barrels in the week ended July 31. Gasoline stocks are expected to fall by about 1.2 million barrels; distillate stocks, which include diesel and heating oil, fell by 100000 barrels.

3. [Crude Oil] The processing volume of Russian refineries in July is estimated to be 3.6 million barrels per day, the lowest monthly level since might 2002, and about 1/3 reduce than the seasonal average. During the period 2020-2025, Russian refineries typically process 530-5.6 million barrels per day to the same period.

4. [Crude Oil] Venezuela's crude oil exports fell 25% to 856000 barrels per day in July, the lowest level in five months.

5. [Petroleum Coke] On August 3, the petroleum coke of Guangrao Zhenghe Petrochemical Co., Ltd. was 2750 yuan/ton, up 180 yuan/ton from the previous trading day, sulfur 3.0 was about -3.3, 800000 tons/year delayed coking unit, and daily production of petroleum coke was 350 tons.

Chemical engineering

1. [Battery] According to the Ministry of Commerce, LG New Energy filed an consumption with the U.S. International Trade Commission, accusing the specific secondary cylindrical batteries, battery components and items containing such components exported to, imported from or sold in the United States of infringing its patents, requesting to initiate a 337 investigation and issue a limited exclusion order and prohibition order. Among them, three Chinese companies are implicated.

2. [Lithium Carbonate] The operating report to the fourth quarter of fiscal year IGO2026 shows that the CGP3 concentrator under Greenbush Lithium Mine, the world's top spodumene asset jointly operated by Tianqi Lithium and IGO, will resume full production within a few days.

3. [Potassium Chloride] As of August 3, Qingdao Port has about 216000 tons of potassium chloride, Zhanjiang Port has about 275000 tons of potassium chloride and Lianyungang Port has about 885400 tons of potassium chloride.

4. [Styrene] As of August 3, 2026, the total sample inventory of styrene ports in Jiangsu was 102800 tons, a decrease of 5000 tons or -4.64 from the same period last week. There were 61800 tons of commodity stocks, a decrease of 1000 tons from the previous cycle, or -1.59 per cent.

5. [Diethylene Glycol] From July 31 to August 2, the total amount of diethylene glycol delivered in Zhangjiagang's two storage areas was 742 tons, with an average daily delivery of about 247 tons on weekends. As of now, the combined inventory of Changjiang International and Fubao stands at 0.846 tons.

6. [Melamine] On August 4, Shanxi Fengxi Melamine's latest ex-factory quotation was 5800 yuan/ton, up 300 yuan/ton from the previous quotation day. The factory has a production capacity of 140000 tons and a daily production of 350 tons.

7. [BDO] The settlement price of Tunhe in Lanshan, Xinjiang in July BDO2026 is 7705 yuan/ton in East China and 7905 yuan/ton in South China. In August 2026, it will be listed as 8100 yuan/ton in East China and 8300 yuan/ton in South China.

8. [MDI] Wanhua Chemical will raise the price of all MDI in the Middle East, Africa and Turkey by US $200/ton, efficiently from August 3, 2026.

9. [MDI] On August 3, the latest aggregated MDI price to distribution channels of a substantial factory in Shanghai this week was 22300 yuan/ton, and the one-time price was 22500 yuan/ton, up 300 yuan/ton from last week.

Rubber and plastic

1. [PP] Zhenhai Refining and Chemical Company has four PP production lines with a total production capacity of 1.3 million tons/year. On August 1, the first line restarted the production of wire drawing materials. During the prolonged shutdown of the fourth line, the load of the rest of the devices was healthy. On August 3, the ex-factory reference price of wire drawing material T30S was 9250 yuan/ton.

2. [HDPE] In this cycle (July 24-July 30, 2026), the capacity utilization rate of Chinese polyethylene production companies was 78.94, an increase of 0.65 percentage points over the previous cycle.

3. [Styrene-butadiene Rubber] On August 3, the market situation of styrene-butadiene rubber in Jiangsu and Zhejiang provinces was adjusted, and the quotations from merchants fluctuated slightly. At present, the mainstream of Fushun, Lanhua and Yangzi 1502 reported 13400~13600 yuan/ton. Qilu 1502 Mainstream reported 13600~13800 yuan/ton.

Textiles

1. [Cotton Yarn] A few days ago, Guangdong Zhongshan Xiahu Aristocratic Garment Co., Ltd. officially signed a contract to the textile production project of high-end fabrics with an annual output of 4000 tons. The project focuses on the production of 120 long-staple cotton knitted high-end fabrics, and gradually develops high-end printing and dyeing in the later period. After reaching production, the project can achieve an annual output of 4000 tons of high-end fabrics, which will efficiently connect with the regional spinning production capacity.

2. [Cotton Yarn] A few days ago, Xinjiang Ruihong Textile Co., Ltd. put the 500000 spindle intelligent spinning production line into full operation. The core focuses on 40 high-condition pure cotton yarn items. At present, the three production vegetation can complete the production task of about 260 tons per day, and the items are mainly sold to domestic textile sector clusters such as Guangdong and Jiangsu.

3. [Acrylonitrile] On August 3, the spot price of acrylonitrile of Lihua Yi Lijin Refining and Chemical Co., Ltd. was increased by 300 yuan/ton, and 11400 yuan/ton was implemented to leave the factory. Its plant capacity was 260000 tons/year. On July 28, it was shut down to maintenance to 5 days due to failure.

4. [Lint Cotton] The U.S. Department of Agriculture (USDA) report shows that as of the week of August 2, the U.S. cotton excellent rate was 42%, the previous week was 46%, and the same period last year was 55%.

Steel

1. [Galvanized Sheet] On August 3, 2026, statistics showed that 154 galvanizing companies nationwide had a total turnover of 13201 tons, an increase of 100 tons or 0.76 percent over the previous trading day. The region with the largest increase was East China, which increased by 368 tons, or 7.36 per cent, from the previous trading day.

2. [Galvanized Sheet] On August 3, 2026, Anyang Shenlong issued the latest price policy to galvanized sheet coils: the guiding price to 1.0mm * 1000 * C steel mills is 3720 yuan/ton, down 20 yuan/ton from the previous price. The guiding price of 1.0mm * 1250 * C steel mills is 3720 yuan/ton, down 20 yuan/ton from the previous price. consider: The above price is ex-factory price including tax.

3. [Steel] According to data from the China Steel Association, in late July, the social inventory of 5 major varieties of steel in 21 cities was 9.8 million tons, an increase of 180000 tons from the previous month, an increase of 1.9 percent, and the inventory rose slightly; an increase of 2.59 million tons from the beginning of the year, an increase of 35.9 percent; and an increase of 1.95 million tons, an increase of 24.8 percent, over the same period last year. In late July, by region, the seven major regional steel social inventories rose mostly month-on-month, of which East China was the region with the largest increase and increase; Northwest inventories fell month-on-month; Central China inventories were flat month-on-month.

Colored

1. [Non-ferrous] The London Metal Exchange (LME) proposed on July 31 to speed up the listing process of new metal brands. The core measures include: shortening the production period before the brand listing consumption from 12 months to 6 months. Among them, copper needs 12 months to enter the second stage, aluminum, lead, zinc, nickel and tin only need 6 months to enter the stage, cobalt needs 12 months to be listed; raw aluminum is allowed to be stored outdoors in Hong Kong; new brands of aluminum, lead and zinc are required to be permanently marked. Feedback is due on September 11.

2. [Metal Silicon] According to statistics, the weekly output of manufacturing silicon in Inner Mongolia from July 24 to July 30 was 8290 tons, down 1190 tons from the previous week.

3. [Copper] The monthly data released by the Chilean statistical agency showed that from April to June this year, Chile's copper production fell by 7.7 year-on-year to 1.27 million tons, the lowest level since 2007.

Building materials

1. [Wrapping Paper] Recently, Luohe Jingkai District announced the "Production Project of Henan Huarui Zhibao Color Printing Co., Ltd. with an Annual Output of 0.3 billion Cartridges". The construction scale and content of the project show that the total investment of the project is 30 million, and 0.3 billion new card box product production lines are built.

2. [Corrugated Paper] Since August 6, the Dongguan Base of nine dragons paper has increased the 50 yuan/ton of ground tiles. Starting from August 8, the 50 yuan/ton will be increased again. Starting from August 10, the condition V cattle card and the dragon cattle card will be increased by 50 yuan/ton.

Nine Dragons Paper Taicang Base has raised the price of corrugated paper by 50 yuan/ton since August 6. Starting from August 8, the regeneration will be increased by 50 yuan/ton. Since August 10, the price of dilong high-condition cattle cards and dilong cattle cards has been increased by 50 yuan/ton.

3. [discarded materials Paper] On August 3, 2026, Zhejiang Shaoxing Huayu Paper Co., Ltd. The purchase price of discarded materials paper was increased by 20 yuan/ton, and the adjusted price to arriving at the factory without tickets was 1930 yuan/ton.

agricultural sideline

1. [Soybean] National Grain and Oil Information Center: According to the monitoring of the crushing situation of oil vegetation, the crushing volume of soybeans in major oil vegetation nationwide in July was about 10.6 million tons, an increase of 650000 tons from the previous month, an increase of about 500000 tons from the same period last year, and an increase of about 1.25 million tons from the average value of the same period in the past three years. It is estimated that the arrival volume of imported soybeans in August will still be greater than 10 million tons, and the monthly crushing volume will be about 10 million tons, slightly reduce than the 10.3 million tons in the same period last year.

2. [Soybean] The U.S. Department of Agriculture (USDA) report shows that as of the week of August 2, the excellent rate of U.S. soybeans was 63%, the market expectation was 64%, the previous week was 63%, and the same period last year was 69%; The flowering rate was 88%, 80% in the previous week, 84% in the same period last year, and the five-year average was 84%.

3. [Corn] The U.S. Department of Agriculture (USDA) report shows that as of the week of August 2, the U.S. corn excellent rate was 61%, the market is expected to be 63%, the previous week was 63%, and the same period last year was 73%.

4. [Corn] Ukraine's Ministry of Agriculture said that as of July 31, 2026, Ukraine's grain exports in 2026/27 (starting from July) were 2.6 million tons, up 54.9 percent year on year. Among them, the export volume of wheat was 1.06 million tons, up 42.3 percent year-on-year; the export volume of corn was 1.24 million tons, up 98.4 percent year-on-year; and the export volume of barley was 290000 tons, up 10.1 percent year-on-year.

5. [Corn] Buenos Aires Grain Exchange (BAGE) said that as of the week of July 29, Argentina's corn harvest progress in 2025/26 was 69.8, up 3.0 from a week ago. The average yield of maize in Argentina is 7.94 tons per hectare.

6. [Palm Oil] According to data released by SGS, a shipping investigation agency, Malaysia is expected to export 1.088 million tons of palm oil from July 1 to 31, up 11.85 from 972700 tons in the same period last month.

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(Source: Business)