Capacity of high-end fine intermediates keeps expanding. Rising raw material prices underpin market prices while industrial localization speeds up.

In the first half of 2026, newly-built production units for domestic high-end fine chemical intermediates successively launched trial operation, whose products are widely applied in pharmaceuticals, pesticides and new materials. Firm prices of upstream basic chemical feedstocks drove a steady rise in market quotations of various intermediates. China keeps promoting the localization of fine chemicals, steadily lifting the self-sufficiency rate of intermediates and effectively cutting downstream industrial chain reliance on imports.