On January 8, 2026, the Ministry of Finance and the State Taxation Administration jointly issued the "Announcement on Adjusting Export Tax Rebate Policies for Photovoltaic and Other Products." The announcement explicitly stipulates that, effective April 1, 2026, value-added tax (VAT) export tax rebates for photovoltaic and related products will be cancelled

In 2025, the polyvinyl chloride (PVC) market struggled under the dual pressures of low prices and oversupply. According to data monitored by the BuyChemPlastics Research Institute, by the end of 2025, the price of Type 5 PVC in East China was around 4,500 yuan/ton, a 10% decrease from the beginning of the year's price of 5,000 yuan/ton.

Following the commissioning of core equipment in the new laminate production workshop, the company has achieved another milestone in its innovation and R&D. Recently, the extrusion workshop made substantial progress in the development of CPVC rigid sheets, with the first batch of trial samples passing comprehensive testing. Key performance indicators have achieved the expected improvements, marking a solid step forward for the company in its serialized development of PVC substrate products.

In 2025, the PVC market consistently faced the dual pressures of high supply and high operating rates, with futures prices hitting a record low since its listing. Although the National Development and Reform Commission's introduction of cost-based standards for identifying disorderly price competition signaled a clear policy support, and undervaluation factors drove a slight rebound in futures prices, the weak market trend remained unchanged.

This morning, the company's laminate workshop construction achieved a key milestone: a 2m x 8m large-scale laminator was successfully installed and successfully completed its trial production on the first attempt. This marks the completion of all core equipment on the two production lines in the new workshop, representing a historic breakthrough for the company in large-format PVC laminate production capacity.

In the second half of 2025, the domestic PVC industry officially entered a period of intensive capacity commissioning, with the concentrated implementation of new capacity further exacerbating the pressure on the market supply side. Specifically, approximately 1.7 million tons of PVC capacity are planned to be put into operation in the second half of the year.

August 28, 2024 — Today, the company's newly built laminate workshop welcomed its first production line piece of equipment—a standard-size laminator (2.44m × 1.22m)—which has been successfully installed, debugged, and put into trial production. The successful commissioning of this equipment marks the new workshop's transition from the infrastructure construction phase to the equipment installation and debugging phase, laying a solid foundation for subsequent large-scale production.

Last week, the capacity utilization rate of PVC production enterprises was 76.84%, a slight increase of 0.05% week-on-week and a year-on-year increase of 3.64%. Among them, the capacity utilization rate of the calcium carbide method was 76.03%, a decrease of 3.22% week-on-week and a slight decrease of 0.28% year-on-year, while the capacity utilization rate of the ethylene method was 78.99%, a significant increase of 8.71% week-on-week and a year-on-year increase of 14.68%.

Since construction began on April 9th, after more than two months of intensive work, our company's new laminate workshop project has achieved significant progress. As of today, the main external framework of the workshop has been completed, and the outline of a modern industrial building reaching 9 meters in height is clearly visible, laying a solid foundation for subsequent equipment installation.

In 2025, the trend of capacity expansion in China's PVC industry continued, with the total national PVC capacity expected to approach 30 million tons by the end of the year. New capacity is mainly distributed in North China, Northwest China, and South China. Among them, the production facilities of Shaanxi Jintai and Xinpu Chemical have been successfully put into operation; Tianjin Bohua's 400,000-ton, Fujian Wanhua's 500,000-ton, and Qingdao Haiwan's 200,000-ton facilities are scheduled to officially start operation in July.

April 9, 2024 – This morning, amidst the roar of construction machinery, our company officially broke ground on our new laminated board workshop located on the east side of the industrial park. This significant project marks a crucial step forward for our company in expanding production scale and optimizing our industrial layout, injecting strong momentum into the company's future development.

Over the past five years, PVC prices have exhibited a clear volatile pattern, with a relatively wide fluctuation range. In 2020, impacted by the pandemic, the supply and demand structure changed, leading to an initial decline followed by a rise in PVC prices. In 2021, the implementation of energy consumption control policies in China, coupled with concentrated production cuts by overseas companies during the Spring Festival holiday, resulted in a significant increase in my country's PVC exports. Tight domestic supply pushed prices to historical highs.