1. Shengquan Group to Raise PPO Oligomer Prices by 15%-20% from July 13
According to reports from LanJing News on July 6, 2026, Shengquan Group (605589.SH) will implement price adjustments for its PPO, PPE, OPE, and MPPO oligomer product series starting July 13, 2026, with an overall price increase of 15%-20%. The price hike is mainly driven by sustained geopolitical conflicts globally, intensifying volatility in raw material markets, and soaring core raw material procurement costs. Previously, the company had maintained price stability through early strategic inventory buildup and self-absorbing cost pressures. As inventory depletes and costs remain elevated, a moderate price increase has become necessary to ensure stable supply.
2. Lianhong New Materials H1 Net Profit Expected +149%-168%, New Energy Materials Capacity Accelerating
Lianhong New Materials (003022.SZ) announced on July 6 that it expects H1 2026 net profit attributable to shareholders of 400-430 million yuan, a year-on-year increase of 148.96%-167.63%. Key drivers include: following the commissioning of Lianhong Gerun's integrated new energy materials and biodegradable materials project, new facilities for EVA Phase II, PO, and PPG have progressively released capacity, driving increased production and sales of new products. Meanwhile, lithium battery carbonate solvents, PLA, and UHMWPE plants have maintained high capacity utilization, with significant year-on-year growth in production and sales volume.
3. China Commodity Plastics Market Update (July 6)
Multiple factors including ongoing international tensions, heatwaves, and slower-than-expected gas storage injection drove European natural gas prices higher, with futures extending gains. Combined with tight spot supply, some producers raised offers.
July 6 price movements:
- PP Raffia: +0 to 55 yuan/ton
- PP Powder: +0 to 85 yuan/ton
- LLDPE: +25 to 105 yuan/ton
The plastic woven sector remains in its traditional off-season, with transactions dominated by low-priced spot cargo. Chem99 forecasts that while cost support persists in the near term, slow demand recovery may keep the market in consolidation mode.
Source: LanJing News, CLS, Chem99 | July 7, 2026
