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LG Chem Declares Force Majeure on DOTP Exports! SABIC Joins Five Giants to Redefine EV Safety
International News Brief Feedstock: LG Chem declares force majeure on Di-Octyl Terephthalate (DOTP) export contracts. Recycling: US scientists develop new flexible plastic recycling technology for polypropylene and polyethylene. Automotive: A trillio
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Overseas News Highlights: Major Reversal! Iranian Military Says It Has Not Blocked the Strait of Hormuz! BASF, Dow, Polyplastics Announce Price Hikes!
International News Briefs Raw Materials News: BASF, Dow, Polyplastics-Evonik Announce Collective Price Increases! Automotive News: Honda Plans to Import Cars from China and the U.S. to Boost Domestic Sales in Japan Packaging News: 25% Weight Reductio
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DOMO Chemical Launches Recycled Polyamide! African Plastic Leader Secures Multi-Million Dollar Funding! Engel Showcases Drone Manufacturing Process
Global News Briefing Raw Materials-Nigeria’s Leading Recycled Plastic Firm Polysmart Secures $5 Million Strategic Investment Automotive-Turning Waste into Wealth: DOMO Chemical’s Recycled Polyamide Powers a Low-Carbon Future Electronics-R
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Sumitomo Chemical Announces Organizational Restructuring! EU Releases Provisional Agreement on End-of-Life Vehicle Regulation
International News Briefing: Major Corporate News: Sumitomo Chemical Announces Organizational Restructuring; Battery Materials Division to Be Disbanded Automotive News: EU Reaches Provisional Agreement on End-of-Life Vehicle Regulation; Chemical Recy
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European Chemical Industry Under Pressure; Dow Releases Leak Incident Report; Canada Launches Import Quotas for Chinese Electric Vehicles
International News Digest: Major Company News 31,000 Pounds of Carcinogen Leaked! US CSB Releases Final Investigation Report on Dow Chemical Ethylene Oxide Incident Raw Material News Injection Stretch Blow Molding (ISBM) Enables Lighter HDPE Bottles
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【Nanjing Julong: High-Performance New Materials Applied in Aerospace and Low-Altitude Economy Sectors 】On March 9, an investor asked Nanjing Julong about the company’s development plans in the commercial aerospace and humanoid robotics fields. In response, Nanjing Julong stated on the interactive platform that the company primarily engages in the research and development, manufacturing, and sales of high-performance polymer new materials and advanced composite materials. Its products are widely applied in automotive, new-energy vehicles, high-speed rail and rail transit, communications and electronic/electrical equipment, aerospace and low-altitude economy, medical health, and environmental protection construction engineering sectors. For specific applications, please refer to the company’s periodic reports.
2026-03-09 16:30:14 -
【Oil Prices Near $120 Per Barrel; South Korea To Impose Price Cap For First Time In Nearly 30 Years 】 March 9 — As the Middle East conflict continues to escalate, driving up global oil prices, the South Korean government has taken emergency action. President Lee Chan-min, at an emergency economic meeting on Monday, called for the “swift introduction and bold implementation of a maximum oil price system” to curb excessive price hikes. He made these remarks as international oil prices neared $120 per barrel—reaching their highest level since 2022. Production cuts by Middle Eastern oil-producing countries, the ongoing blockade of the Strait of Hormuz, and escalating U.S. threats of deeper involvement in the conflict have continued to strain energy markets. South Korea relies almost entirely on imported energy, with approximately 70% of its oil imports passing through the Strait of Hormuz. This proposed oil price cap mechanism would mark the first time in nearly 30 years that South Korea has employed such a measure, aimed at mitigating the impact of geopolitical turmoil on the nation’s domestic energy supply chain.
2026-03-09 15:46:12
