B[Russia temporarily bans the export of 6 petrochemical products to areas outside the Eurasian Economic Union] November 2nd, the Russian government website released a message on November 2, announcing a temporary ban on the export of 6 types of petrochemical products from Russia to areas outside the Eurasian Economic Union member states, aiming to ensure the stable supply of raw materials for Russian domestic industrial enterprises. The ban lasts for three months and involves products including coked benzene, petroleum benzene, toluene, o-xylene, para-xylene and phenol. The above products are used in coatings for automobiles, aviation, ships, railway machinery manufacturing, food packaging, flooring materials and cable insulation materials, and are also used in the medical industry. The ban does not apply to petrochemical products transported in international transit, international humanitarian aid supplies, and supplies to Russian institutions in Svalbard. (CCTV News) B[The overall performance of Shenzhen stock companies in the first three quarters achieved high growth] On November 2, the disclosure of the third quarter reports of listed companies came to an end. As of October 31, 2,904 listed companies in the Shenzhen Stock Exchange have disclosed their third quarterly reports for 2026 as scheduled. Overall, in the first three quarters of 2026, Shenzhen listed companies closely adhered to the main line of high-quality development, with both total operating income and net profit achieving rapid growth, and more than 70% of companies achieved profitability. Many sectors performed well, among which the technology industry had strong momentum, basic industries showed significant improvement, traditional industries accelerated their transformation and upgrading, and the leading role of leading companies with a market value of 100 billion was prominent. In terms of industries, the revenue and net profit of the electronics, communications, and computer industries have achieved rapid growth, and the profit scale and growth rate of non-ferrous metals, petrochemicals, coal, power equipment and other industries have been strong. (Shanghai Securities News) B[China's first million-ton low-concentration CCUS full-chain demonstration project starts construction] On October 17, we learned from Sinopec that China's first million-ton low-concentration carbon dioxide capture, utilization and storage full-chain demonstration project has started construction in Shengli Oilfield. After the project is completed, it will be able to capture and utilize low-concentration flue gas from coal-fired power plants, all of which will be used for oil field displacement and storage, exploring new ways for large-scale carbon reduction of coal-fired power plants. The demonstration project started this time covers an area of about 74,500 square meters, and includes new absorption towers, deep purification towers, regeneration towers and other large towers. Among them, the absorption tower is 82 meters high, 12.6 meters in diameter, weighs 1,280 tons, and the chimney is 150 meters high. It is the largest carbon dioxide capture equipment in the country. The project captures low-concentration flue gas from coal-fired power plants with a carbon dioxide concentration of only 12% to 15%, and injects it into the oil reservoir through more than 70 gas injection wells, sequestering carbon dioxide while achieving oil displacement and increased production. (CCTV News) B[Oil, gas and petrochemical sectors continue to rise, petrochemical machinery and Huajin shares both hit the limit] On September 8, near the end of the trading day, the oil, gas and petrochemical sectors continued to rise, with Huajin shares and petrochemical machinery hitting the limit. Previously, Zhongman Petroleum hit the limit, and Keli shares, Tongyuan Petroleum, Hengyi Petrochemical, Donghua Energy, Shandong Molong and other stocks rose by more than 5%. On the news, many energy facilities in Saudi Arabia were attacked and set on fire. The Houthi armed forces said they would attack Saudi Arabia deeply. The price of WTI crude oil futures rose nearly 3% during the day and stood at 94 US dollars per barrel. B[The State Administration for Market Regulation unconditionally approved the new joint venture between Jingrui Electronic Materials and Gaoqiao Petrochemical Co., Ltd.] On September 4th, the State Administration for Market Regulation released a list of cases that unconditionally approved the concentration of undertakings from August 24 to August 30, 2026, including the case of Posco Holdings Co., Ltd.'s acquisition of the equity of Li Holdco Pty Ltd, the case of Jingrui Electronic Materials Co., Ltd. and Sinopec Shanghai Gaoqiao Petrochemical Co., Ltd.'s new joint venture, and the acquisition of INCLOO by AISG Labs Pte. Ltd. TECHNOLOGY PTE. LTD. equity case, Shandong Jixin Industrial Development Co., Ltd.'s acquisition of Jiangsu Chang Aluminum Group Co., Ltd.'s equity case, ConocoPhillips Iraq Holding Co., Ltd.'s acquisition of BP Kirkuk Energy Co., Ltd.'s case, British Columbia Investment Management Company and Dutch Huiying Asset Management Co., Ltd. and other operators' acquisition of some assets of Hancock Chile Plantation Co., Ltd., Munich Re's acquisition of Vifford GP S.à r.l.'s equity case, CP Industrial Capital Management Co., Ltd. and C2X LTD's new joint venture case, and Dana Co., Ltd.'s acquisition of part of Eaton Co.'s business.
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