"european carbon fiber alliance established! leading european packaging supplier launches tethered cap"

International News Digest:

Policy NewsThe U.S. Environmental Protection Agency announces the next steps in regulating the cleanup of PFOA and PFOS.；

Recycling NewsArgentina is actively promoting the use of recycled plastic in the construction industry.；

Packaging NewsEurope's leading packaging supplier, Pont Packaging, launches tethered caps.；

Other News"European Carbon Fiber Alliance" established! Led by four major giants, aiming for the global carbon fiber industry high ground.；

Macroeconomic NewsMaduro: Venezuela rejects "slave-like peace".

Price InformationThe central parity rate of the renminbi against the US dollar was reported at 7.0794, down 35 points.

Here are the details of international news:

The U.S. Environmental Protection Agency announces the next steps in regulating the cleanup of PFOA and PFOS.

United States Environmental Protection AgencyEPA Administrator Lee Zeldin announced the next steps in regulatory efforts to address the cleanup of perfluorooctanoic acid (PFOA) and perfluorooctane sulfonate (PFOS).

The EPA's progress on per- and polyfluoroalkyl substances (PFAS) began during the first Trump administration and this historic work continues to this day.

Currently,The EPA has retained the designation of PFOA and PFOS as hazardous substances under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA or Superfund) and will initiate future rulemaking to establish a unified framework for designating hazardous substances under Section 102(a) of CERCLA.

On September 17, 2025, the U.S. Department of Justice (DOJ), on behalf of the EPA, submitted a court document as part of ongoing litigation concerning the designation of PFOA and PFOS as CERCLA hazardous substances. The agency is currently maintaining the rule that took effect on July 8, 2024.

Argentina is actively promoting the use of recycled plastic in the construction industry.

The Argentine construction industry is undergoing a green transformation centered on innovation. The country's construction industry association has announced that it is focusing on improving efficiency, sustainability, and reducing environmental impact. In this transformation, recycled plastic, with its compatibility with eco-design, full traceability throughout the process, and high-performance characteristics, has become an indispensable key material.

Plastic, once considered waste, is now transformed into building materials that meet high-quality and durability standards through advancements in industrial technology and recycling processes.

Pont Packaging, a leading packaging supplier in Europe, launches tethered caps.

Leading packaging supplier in Europe Pont Packaging has launched a new tethered cap system for its Petpackers range, specifically designed to comply with EU recycling guidelines, aiming to create additional value for clients in industries such as vitamins, minerals, and dietary supplements (VMS), as well as other sectors.

This innovative tethered cap solution achieves continuous connection with the bottle during use through a tamper-evident seal, enhancing The Petpackers series maintains the convenience and functionality of the product while being recyclable. It is reported that in certain applications, this design can also eliminate the need for aluminum foil lining.

The company stated that the new cover is designed for ease of use, with a secure seal and smooth opening and closing, aiming to optimize user experience without compromising safety.

4. Asahi Kasei and Teijin strategic integration! Subsidiaries merge to establish a joint venture company, aiming for sustainable growth.

Specialized VisionOn December 2nd, it was learned that Asahi Kasei announced yesterday that its wholly-owned subsidiary, Asahi Kasei Advance Corporation, reached an absorption-type merger agreement with Teijin Frontier, a wholly-owned subsidiary of Teijin. According to the agreement, Teijin Frontier will become the surviving company and will officially transform into a joint venture co-owned by Asahi Kasei (holding 20%) and Teijin (holding 80%) on October 1, 2026.

"European Carbon Fiber Alliance" Established! Led by Four Giants, Aiming at the Global Carbon Fiber Industry Heights

European Composites Industry AssociationThe EuCIA recently announced the launch of the "Carbon Fiber Europe," a new alliance aimed at supporting the growth of the carbon fiber industry across the European continent.

The founding members of the industry task force include Hexcel Composites (Hexcel Composites, Mitsubishi Chemical Europe, Teijin Group, and Toray Industries. According to EuCIA, the work of the European Carbon Fiber Alliance will focus on four strategic pillars: policy advocacy and industry representation, sustainability and circular economy, innovation research and standards development, and health and safety management.

The following is information on overseas macro markets:

Overseas macro market:

The Indian Rupee is approaching an important psychological level against the US Dollar.90 U.S.-India Trade Standoff Brings Shockwaves The Indian rupee has repeatedly hit new lows this year, and some analysts warn that if a key trade agreement with the United States is not reached soon, the rupee could fall to an important psychological threshold against the dollar.The rupee fell to a record low of 89.92 against the dollar on Tuesday, hitting market confidence as Washington's delay in finalizing a trade deal weighed on sentiment. In the offshore market, the rupee further depreciated to 90.13. Although Indian officials are optimistic about an imminent agreement, India remains one of the last major economies yet to sign a trade deal with the United States. This delay has led to a widening of India's current account deficit in the third quarter, putting additional pressure on the country's currency.

Maduro: Venezuela rejects"Slave-like peace" President Maduro of VenezuelaOn the 1st, Venezuela rejected "slave-like peace" and "colonial-style peace." The peace that Venezuela wants to uphold is one of sovereignty, equality, and freedom. Maduro made these remarks during a march held in Caracas, the capital of Venezuela. Maduro stated that the U.S. government's use of "psychological terrorism tactics" has not led Venezuela astray from the correct path, and the Venezuelan people will continue to peacefully build their country. Other countries should "not interfere."

[Brazil initiates anti-dumping investigation on butyl acrylate from China] According to the China Trade Remedy Information website,On December 1, 2025, the Secretariat of Foreign Trade of the Brazilian Ministry of Development, Industry, Trade, and Services issued Notice No. 93 of 2025. Based on an application submitted by the Brazilian domestic company BASF S.A on July 31, 2025, an anti-dumping investigation was initiated on butyl acrylate originating from China. The case involves products under the Mercosur tariff code 2916.12.30. The dumping investigation period is from April 1, 2024, to March 31, 2025, and the injury investigation period is from April 2020 to March 2025.

The United States agrees to exempt pharmaceuticals originating from the United Kingdom.Tariffs under Section 232 and not initiating a "301 investigation" during President Trump's term. On December 1st, the United States Trade Representative's office announced that the US and UK have reached a principled agreement on drug pricing. The US Trade Representative's office stated that the agreement requires the UK's National Health Service (NHS) to increase the net price of new drugs by 25%. The agreement also ensures that British pharmaceutical companies continue to invest in the United States. The US has agreed to exempt drugs, pharmaceutical ingredients, and medical technology originating from the UK from Section 232 tariffs, and during President Trump's term, will not initiate a "301 investigation" into UK drug pricing practices.

Morgan Stanley StrategistLord says the worst period for the Korean won may be over. Morgan Stanley StrategistJames Lord stated that as the U.S. is about to cut interest rates and the end of the easing cycle in South Korea coincides, the Korean won exchange rate might soon stabilize or even reverse some of its recent losses. Although Lord expects the won to remain volatile after experiencing its worst sell-off since the 2008 financial crisis, he noted that the shift in monetary policy and the easing of trade tensions are driving a "risk-reward tilt more in favor of supporting the won's recovery and outperformance." The depreciation of the won is partly due to a surge in overseas investments by local funds, pushing its exchange rate close to its lowest since 2009, but interest rate differentials are also a significant factor. In the second half of this year, the won has become the worst-performing currency in Asia, falling over 8% against the dollar.

Price Information:

The central parity rate of RMB against USD is reported.7.0794, down 35 points; the previous trading day's central parity rate was 7.0759, the previous trading day's official closing price was 7.0725, and the previous night's session closed at 7.0725.

[Upstream Raw Material USD Market Price]

CFR Northeast Asia USD 740/ton, CFR Southeast Asia USD 720/ton.

Northeast Asia PropyleneThe FOB Korea average price is $695 per ton, and the CFR China average price is $745 per ton.

North Asia CIF price, propane556-558 USD/ton; butane 601-603 USD/ton.

China South Frozen CargoIn December, the CIF price for propane is 574-584 USD/ton; for butane, it is 554-564 USD/ton.

Taiwan region CIF price for propane, frozen goods.556-558 USD/ton; butane 601-603 USD/ton.

【LLDPE USD market price

Film835-850 USD/ton (CFR Huangpu);

Injection Molding:935 USD/ton (CFR Huangpu);

【HDPE USD Market Price

Film:880-895 USD/ton (CFR Huangpu);

Injection molding: 815-820 USD/ton (CFR Huangpu);

Hollow:820-840 USD/ton (CFR Huangpu);

Pipe====:1000 USD/ton (CFR Huangpu);

【LDPE USD market price

Film $990-1000/ton (CFR Huangpu);

Coating: 1190 USD/ton (CFR Huangpu).

【PP USD market price

Injection molding:795 USD/ton (CFR Huangpu);

Co-polymerization:830-860 USD/ton (CFR Nansha);

Membrane material:965 USD/ton (CFR Huangpu);

Transparency:1065 USD/ton (CFR Huangpu);

Pipe material:1100 USD/ton (CFR Shanghai).