International News Guide: Raw Material News - EU to Establish Critical Chemical Alliance to Safeguard Supply Chain Security Automotive News - China and the EU Agree to Establish a Working Group to Cooperate on Cross-Border Data Flow in the Automotive Sector Electronic News - SABIC Launches First Flame-Retardant PBT Nano Injection Molding Material with Excellent Bonding Strength and Mechanical Properties Packaging News - German associations push for mandatory compostable produce bags Medical News - Sengkang General Hospital in Singapore Adopts 3D-Printed TPU Materials to Customize Orthotic Insoles for Diabetics Macro News - US Imposes Anti-Dumping Duties on Chinese Graphite Price information - RMB/USD Central Parity Rate Reports 7.1498, Down by 37 Pips    details of international news:   1. Escalation of Retaliatory Measures! EU Continues to Pressure the US According to two officials who were briefed on the talks, the EU is preparing a list of possible tariffs on US services and export control measures as part of potential retaliatory actions if trade negotiations with Washington fail. In response to US President Trump's tariffs, the European Commission is compiling this list of measures, which still needs to be submitted to EU member states. Trump has announced that he plans to impose a 30% tariff on the EU bloc starting from August 1. Although Brussels had previously warned that it could expand the transatlantic trade war to services if negotiations to avoid these tariffs fail, it has so far not submitted specific measures to European capitals. One of the officials emphasized that the list will not only target US tech companies. This list will be an additional measure beyond the retaliatory proposal already being discussed by EU countries targeting 72 billion euros of annual US imports, which includes tariffs on Boeing aircraft, automobiles, and bourbon whiskey. 2. EU to Establish Critical Chemical Alliance to Safeguard Supply Chain Security The EU's executive body stated that the European Commission will work with member states and the chemical industry to support the production of chemicals identified as crucial to Europe's industrial supply chains. The European Commission said it will establish a Critical Chemical Alliance later this year, which will bring together the Commission, member states, and various stakeholders as part of a broader plan to revitalize Europe's chemical industry. In a statement, the Commission said the alliance will "identify key production sites in need of policy support and address trade issues such as supply chain dependencies and market distortions". This initiative draws on another alliance established earlier, which is responsible for identifying metals and minerals crucial to the energy transition. Subsequently, the EU set mining, processing, and recycling targets for 17 strategic materials. 3. Agilyx Acquires 44% Stake in Europe’s TopPlastic RecyclerGreenDot Global Agilyx acquires 44% of GreenDot, expanding into Europe’s recycling market and strengthening its global advanced plasticsrecycling platform. 4. Turkey: Anti-Dumping Measures on China-Related Polyethylene, Polypropylene Waterproof Tarpaulins and Polymer Plastic Products to Expire Soon According to the China Trade Remedy Information Network, on July 16, 2025, Turkey's Ministry of Trade issued Announcement No. 2025/15, stating that anti-dumping measures on polyethylene and polypropylene waterproof tarpaulins and polymer plastic products [Turkish: Polietilen ve polipropilenden mamul şerit veya benzerlerinden dokunmuş mensucat (yalnız dokuma brandalar)] originating from China and Vietnam will expire on May 6, 2026. Stakeholders should submit applications and evidence materials for sunset review investigations no later than 3 months before the expiration date. The Turkish tariff codes for the products are 3921.90.60.00.11, 3921.90.60.00.13, and 3926.90.97.90.18. The announcement takes effect from the date of issuance. 5. SABIC Launches First Flame-Retardant PBT Nano Injection Molding Material with Excellent Bonding Strength and Mechanical Properties SABIC announced the launch of a new product in its LNP™ THERMOTUF™ specialty composite series. The new LNP™ THERMOTUF™ WF0087N composite is the industry's first polybutylene terephthalate (PBT)-based nano-molding technology (NMT) material, combining excellent flame retardancy and superior mechanical properties. It meets the growing demand of the consumer electronics industry for lightweight and durable metal-plastic composite components, such as smartphone middle frames. In addition, the material's flame retardancy helps customers comply with the latest IEC 62368-1 safety standards for consumer electronic equipment. The LNP™ THERMOTUF™ WF0087N composite won the 2025 Edison Award. 6. Messe Düsseldorf unites its global plastics, rubber events under K-Alliance brand Germany-based global exhibition organizer Messe Düsseldorf is launching a new umbrella brand called “K-Alliance” to unite its worldwide plastics and rubber trade fairs under one identity, which replaces the previous Global Gate brand. “Global players in the plastics and rubber industry require appropriate platforms for direct market entry in growth regions,” said Thomas Franken, director of K. “Messe Düsseldorf has pooled its worldwide activities under the Global Gate brand, which will now become the K–Alliance.” Officials said the new name highlights not just market access but also strategic partnerships and alliances within the industry’s global trade fair network. “The previous name especially emphasized Messe Düsseldorf’s function as a door opener for entering promising sales markets,” Franken said. “The designation K-Alliance now places a clearer focus on the strong partnerships and alliances that our constantly growing, worldwide network of trade fairs related to plastics and rubber stands for.” The K-Alliance currently encompasses 11 global trade fairs, the biggest of which is the K fair; K 2025 is scheduled for Oct. 8-15 in Düsseldorf, with more than 3,200 exhibitors expected to showcase technologies in manufacturing, processing and finishing. 7. German associations push for mandatory compostable produce bags Industry associations are calling for compostable fruit and vegetable bags to become mandatory under the Packaging and Packaging Regulation (PPWR).The IK Industrial Association for Plastics Packaging, Plastics Europe Germany, European Bioplastics, Polykum, Carmen, and the nova Institute have published a position paper providing recommendations for Germany to implement the requirement at national level. 8. China and the EU Agree to Establish a Working Group to Cooperate on Cross-Border Data Flow in the Automotive Sector On July 17 , the second meeting of the China-EU Cross-Border Data Flow Exchange Mechanism was held in Brussels. Wang Jingtao, Vice Minister of the Cyberspace Administration of China, and Sabine Weyand, Director-General of the Directorate-General for Trade of the European Commission, co-chaired the meeting. The meeting reviewed the positive progress made since the establishment of the mechanism, believing that the mechanism has played an important role in promoting China-EU cross-border data flow. The two sides had in-depth, pragmatic, and constructive exchanges on issues related to China-EU cross-border data flow, and reached broad consensus on further leveraging the mechanism under the principle of two-way reciprocity and promoting rule alignment, in light of the demands of enterprises from both sides. The two sides agreed to establish a working group to cooperate on cross-border data flow in the automotive sector. 9.Sengkang General Hospital in Singapore Adopts 3D-Printed TPU Materials to Customize Orthotic Insoles for Diabetics The podiatry team at Sengkang General Hospital in Singapore is pioneering an innovative approach to diabetic foot care. Currently, the team is producing 3D-printed custom orthotic insoles in-house. These insoles are 3D-printed using thermoplastic polyurethane (TPU). Preliminary results show that compared with traditional insoles (23% reduction in peak pressure, 40% improvement in pressure distribution), the new insoles can reduce plantar peak pressure by up to 28.5% and improve pressure distribution by 52.7%.   Overseas macro markets:   【Putin: Europe's Abandonment of Russian Natural Gas Has Negatively Affected Its Industry】 On the 17th, Russian President Vladimir Putin stated in an interview that Europe's decision to abandon Russian natural gas has had a negative impact on its industry. In addition, Russian media reported that EU imports of Russian oil in May hit a three-month high, indicating that some EU member states still rely on Russian oil. 【Alcoa: Tariffs Keep Increasing Production Costs】 According to Bloomberg, Alcoa, the largest aluminum producer in the US, stated that US tariff policies are continuously increasing the company's production costs, and due to the impact of tariffs, its US customers are paying more for aluminum. 【US Media: US Imposes Anti-Dumping Duties on Chinese Graphite】 According to Bloomberg, the US has imposed a preliminary anti-dumping duty of 93.5% on graphite from China. A statement from the US Department of Commerce noted: "The US Department of Commerce has preliminarily determined to impose a 93.5% anti-dumping duty on imports of key battery material graphite from China due to unfair subsidies for these materials." It is worth noting that the final ruling is expected to be made by December 5 【Reliance Industries' Market Value Grows by 40 Billion USD This Year】 Shares of India's Reliance Industries have significantly outperformed India's benchmark stock index this year, with the largest lead in five years. So far this year, shares of India's most valuable company have surged 22%, while the NSE Nifty 50 index has risen only 6% in the same period. Controlled by Asia's richest man Mukesh Ambani, Reliance Industries has increased its market value by 40 billion USD in 2025, accounting for nearly one-third of the market value growth of India's benchmark stock index.   Price information:   【RMB/USD Central Parity Rate】 The RMB/USD central parity rate was reported at 7.1498, down by 37 pips; the previous trading day's central parity rate was 7.1461, the previous trading day's official closing price was 7.1796, and the previous night's closing price was 7.1809. 【Upstream raw material USD market price】 Ethylene Asia: CFR Northeast Asia $820/ton; CFR Southeast Asia $830/ton. Acrylic Northeast Asia: FOB Korea average price is $740/ton; CFR China average price is $770/ton, up $5/ton. Propane: North Asia frozen cargo CIF price, propane $512-514/ton; butane $482-484/ton. The import price of South China frozen goods in August is as follows: propane 549-559 USD/ton; butane 520-528 USD/ton. The landed price of frozen goods in Taiwan is propane at 512-514 USD/ton; butane at 482-484 USD/ton. 【LLDPE USD market price】 Film: 860-910 USD/ton (CFR Huangpu); Injection molding: $950/ton (CFR Dongguan); 【HDPE USD market price】 Film: $920/ton (CFR Huangpu); Hollow: 855-860 USD/ton (CFR Huangpu); 【LDPE USD market price】 Film: $1070-1090/ton (CFR Huangpu); Coating: $1350/ton (CFR Huangpu) 【PP USD market price】 Average aggregation: 965 USD/ton (CFR Huangpu); Co-polymerization: 940-950 USD/ton (CFR Nansha); Membrane material: 1030 USD/ton (CFR Nansha); Transparent: $1,085/ton (CFR Huangpu); Pipes: 1160 USD/ton (CFR Shanghai).

July 16, 2025SABICAnnounces the launch of a new product in its LNP™ THERMOTUF™ specialty composite series. The new LNP™ THERMOTUF™ WF0087N composite material is the industry's first based on polybutylene terephthalate (PBT).PBTThe nano-molding technology (NMT) material has excellent flame-retardant properties and outstanding mechanical performance. It meets the growing demand in the consumer electronics industry for lightweight and durable metal-plastic composite parts (such as the frames of smartphones). In addition, the material's flame-retardant properties help customers comply with the latest IEC 62368-1 safety standard for consumer electronic devices. LNP™ THERMOTUF™ WF0087N composite material has been awarded the 2025 Edison Award. SABIC's Director of R&D and Applications for the Asia Pacific region, Jenny Wang, stated: "As smartphones continue to break through in design, wireless connectivity, and charging speed, the industry urgently needs advanced materials to match these developments. The launch of this new flame-retardant nano-injection composite material demonstrates SABIC's commitment to the consumer electronics market. We will leverage breakthrough materials to help our customers enhance the performance, safety, compliance for mass production, and manufacturing efficiency of devices such as smartphones." Expand the advantages of nanomolding technology. Nano Molding Technology (NMT) creates tightly bonded composites by injecting plastic resin into chemically treated metal surfaces. Compared to die casting and insert molding techniques, NMT helps manufacturers achieve lightweight, thin-walled designs, radio frequency signal permeability, superior aesthetics, and a more streamlined processing workflow, while also enhancing the waterproof and dustproof performance of electronic devices. In addition to these advantages, LNP™ THERMOTUF™ composite materials retain good bonding strength and mechanical properties (such as impact resistance) while adding thin-wall flame retardant performance (UL94 V0 at 1.0 mm). Their metal bonding strength is improved by about 60% compared to conventional flame-retardant PBT resins, helping designers meet the stringent IP68 waterproof and dustproof standards. This innovative material also possesses the following characteristics: excellent resistance to corrosion from anodic oxidation treatment, support for customized coloring to achieve aesthetic design, and dielectric properties that ensure signal transmission efficiency for multi-antenna devices. Its main application scenarios include antenna dividers and various structural components for smartphones, tablets, smartwatches, and laptops.

International News Guide:   Raw Material News - American DuPont plans to sell Nomex and Kevlar brands for $2 billion Automotive News - GAC Group Enters UK Market, to Launch Two AION Brand EVs First Electronics News - Counterpoint: Global Smartphone Shipments Grew 2% YoY in Q2 Other News - Covestro India and CSIR-NCL Partner to Convert PU Waste into Chemical Building Blocks   Details of International News:   1. American Dupont Plans to Sell Nomex and Kevlar Brands for $2 Billion It is reported that DuPont's iconic high-performance brands - Nomex and Kevlar, have now been put up for sale. As part of a major corporate restructuring, DuPont is preparing to spin off the Nomex and Kevlar heat-resistant fiber brands by mid-2025. Private equity firms Advent International and Platinum Equity are preparing to submit bids, and the deal is expected to be valued at approximately $2 billion (equivalent to about RMB 1.44 billion). The purpose of this spin-off is to focus on high-growth areas (semiconductors, medical care, water treatment). 2. Covestro Declares Force Majeure on TDI / oTDA-based / Polyether Polyol Due to a fire in an external transformer station in building L26 at Chempark Dormagen early Saturday morning on July 12, 2025, there was a sudden and unpredictable power outage in parts of the Chempark. In addition to the process control system, Covestro's PUD and PET operations as well as the chlorine plant were also affected by this incident, which had to be shut down to a safe state. The specific impacts of this incident cannot yet be assessed by Covestro. Furthermore, it is not foreseeable how long this condition, the interruption of the power supply, and the failure of the process control system will last. 3. Solvay Revises Its 2025 Underlying EBITDA Outlook and Confirms Its Free Cash Flow Guidance In the second quarter, Solvay experienced a continuation of the soft market environment, impacted by ongoing global tariff discussions and heightened geopolitical tensions. This led to a progressive reduction of demand, and a slowdown in order books, particularly in certain soda ash end-markets and in the Coatis business unit. Visibility remains low and market conditions are expected to remain challenging throughout the second half of 2025. 4. Adnoc to transfer OMV stake to XRG Abu Dhabi National Oil Co. (Adnoc) announced July 16 that it intends to transfer its 24.9% shareholding in OMV AG (Vienna) to XRG PJSC, Adnoc’s wholly owned international investment company. Details of the transaction have not been disclosed.The transfer, which is subject to regulatory approvals, is aligned with Adnoc’s s strategy to consolidate its international growth investments under XRG, the company said. XRG, launched in November 2024, is also Adnoc’s vehicle for the previously announced acquisition of Covestro AG. 5. Canada’s KSR sold to U.S.-based Angstrom Automotive Group KSR International, a Ridgetown, Ont.-based automotive parts maker, has been acquired by Angstrom Automotive Group Inc., in a move that expands Angstrom’s product offering, manufacturing footprint, and vertical integration, while deepening business with OEMs. 6. GAC Group Enters UK Market, to Launch Two AION Brand EVs First On July 16, GAC Group and Saudi-owned distributor Jameel Motors announced a cooperation agreement, under which the latter will distribute GAC Group's models in the UK, Europe's second-largest automotive market. This makes GAC Group the fourth Chinese automaker to launch a new brand in the UK market this month. According to the plan, GAC Group will first launch two AION brand electric models in the UK market - the AION V SUV and AION UT Hatchback, with the first batch of vehicles expected to be delivered to UK consumers in the first quarter of 2026. 7. Covestro India and CSIR-NCL Partner to Convert PU Waste into Chemical Building Blocks Covestro (India) Private Limited has signed a Memorandum of Understanding (MOU) with the CSIR-National Chemical Laboratory (NCL) launching an innovative Corporate Social Responsibility project. The project aimed at developing sustainable upcycling solutions for polyurethane materials, addressing the critical limitations in current recycling technologies.  8. South Korea Plans to Impose 5-Year Anti-Dumping Duties on Chinese Petroleum Resins Recently, South Korea's Ministry of Strategy and Finance issued Announcement No. 2025-142, stating that it will impose anti-dumping duties for five years on petroleum resins originating from Mainland China and Taiwan Region of China. Among them, the duty rate for Mainland China is 2.26% ~ 3.50%, and that for Taiwan Region of China is 7.07% and 18.52%. The case involves products under Korean tariff code 3911.10.1000, but C9 petroleum resins with a softening point of not less than 130℃ are not subject to the above anti-dumping duties. 9. Counterpoint: Global Smartphone Shipments Grew 2% YoY in Q2 On July 17, according to preliminary data estimates from Counterpoint Research's market monitoring service, global smartphone shipments in the second quarter of 2025 grew slightly by 2% year-on-year (YoY). This growth marks the second consecutive quarter of expansion, mainly driven by contributions from the North American, Japanese and European markets. Samsung maintained its position as the world's top smartphone vendor in Q2 2025 with an 8% YoY increase in shipments. Apple remained in second place, with its shipments rising 4% YoY. Xiaomi's performance in Q2 2025 was flat YoY, ranking third. vivo and OPPO ranked fourth and fifth respectively, performing steadily in the mid-range market and showing signs of recovery in overseas markets such as Latin America and the Middle East and Africa (MEA). Overseas Macro Market: 【Fed Releases "Beige Book" on Economic Conditions】 On July 16 local time, the Federal Reserve released the "Beige Book" on economic conditions.【US June Producer-Side Inflation Data Unexpectedly Lower Than Expected】 On July 16 local time, US June producer-side inflation data was unexpectedly lower than expected, failing to reflect the potential price increase effect that tariff policies might bring to producers for the time being. The market continues to bet that the Federal Reserve will cut interest rates twice within the year. 【Trump Denies Plan to Fire Powell】 On July 16 local time, US President Trump denied news that he would soon fire Federal Reserve Chairman Powell, easing market concerns. 【Earnings of Major US Financial Institutions Remain Stable】 On July 16 local time, major financial institutions such as Bank of America, Goldman Sachs, and Morgan Stanley released relatively stable earnings reports, boosting market risk appetite. The three major US stock indexes closed higher collectively on Wednesday, with the Nasdaq hitting its ninth closing record high this year. 【UK June CPI Year-on-Year Increase Rebounds to 3.6%】 On July 16 local time, data released by the UK Office for National Statistics showed that the year-on-year increase in the UK's June Consumer Price Index (CPI) unexpectedly rebounded to 3.6%, hitting a new high since January 2024. The market is worried that the UK economy is on the verge of stagflation.【ASML Reports Strong Earnings but Faces Gloomy Outlook】 On July 16 local time, Dutch lithography giant ASML released its earnings report, showing that the company had strong performance in the second quarter of fiscal year 2025. However, management warned that uncertainties in macroeconomic and geopolitical risks are increasing, and the company's performance may not grow in 2026. ASML's European shares plummeted 11.37% on Wednesday, which also triggered a decline in most large European technology stocks. The three major European stock indexes closed lower collectively on Wednesday. Price Information: 【RMB/USD Central Parity Rate】 The central parity rate of RMB against USD was reported at 7.1461, up 65 points; the central parity rate of the previous trading day was 7.1526, the official closing price of the previous trading day was 7.1776, and the night session closing price of the previous day was 7.1771; 【Upstream Raw Material USD Market Prices】 Ethylene Asia: CFR Northeast Asia 820 USD/ton; CFR Southeast Asia 830 USD/ton; Propylene Northeast Asia: FOB Korea average price 740 USD/ton; CFR China average price 765 USD/ton; North Asia frozen cargo CIF price, propane 520-521 USD/ton; butane 490-491 USD/ton; South China frozen cargo CIF price for early August, propane 552-562 USD/ton; butane 523-531 USD/ton; Taiwan region frozen cargo CIF price, propane 520-521 USD/ton; butane 490-491 USD/ton; 【LLDPE USD Market Prices】Film: 875-900 USD/ton (CFR Huangpu); Injection molding: 950 USD/ton (CFR Dongguan); 【HDPE USD Market Prices】Film: 920 USD/ton (CFR Huangpu); Blow molding: 855-860 USD/ton (CFR Huangpu); 【LDPE USD Market Prices】Film: 1070-1100 USD/ton (CFR Huangpu); Coating: 1350 USD/ton (CFR Huangpu); 【PP USD Market Prices】Homopolymer: 935-965 USD/ton (CFR Huangpu); Copolymer: 965-995 USD/ton (CFR Huangpu); Film grade: 1000 USD/ton (CFR Huangpu); Transparent grade: 1085 USD/ton (CFR Huangpu); Pipe grade: 1160 USD/ton (CFR Shanghai);  

Recently, many places around the world have been subjected to high-temperature "baking" tests. According to statistics from the Manzhouli Customs,In the first half of 2025, the export of "cooling appliances" (air conditioners, refrigerators, fans) through the Manzhouli Port amounted to 520 million yuan, a year-on-year increase of 22.4%.The monthly export value has continued to grow for five consecutive months, reaching a historical high of 130 million yuan in May. Data from the China Household Electrical Appliances Association shows that from January to May 2025,China's air conditioning exports to the EU and the UK reached 1.388 billion USD, a year-on-year increase of 20.25%; the export volume reached 7.9682 million units, a year-on-year increase of 20.14%.。 The data from the General Administration of Customs shows that China's export of household appliances is in a high base situation from last year.From January to May this year, a total of 18,425,300 units were exported, an increase of 6.1% year-on-year. Behind the rising export data, there are both external factors such as the soaring temperatures caused by global warming, and more importantly, the accelerated overseas expansion of Chinese home appliance companies. These companies are investing in establishing bases around the world, promoting their own brands, and exploring untapped market areas. Especially in emerging markets like Southeast Asia, South America, and Africa, these regions have become key battlegrounds for home appliance companies "going abroad." According to a report by the China Industry Research Institute, Hisense Group announced on July 11 this year that its factory in Algeria, built in cooperation with the local Condor Group, has officially launched its first large-scale export operation.Exporting over 5,000 locally produced televisions and washing machines to strategic markets in the Middle East and North Africa (MENA) such as Egypt and Tunisia.。 Midea Group has also been active in South America, Latin America, Southeast Asia, and other regions. On June 16, representatives from Midea and a delegation from the government of Minas Gerais State in Brazil announced four new investment projects in the state. Source: Midea Group official Weibo. As a strategic market for Midea, Brazil has seen the company deepen its supply chain manufacturing layout in recent years. On June 16, representatives from Midea announced four new investment projects in partnership with the government delegation of Minas Gerais State, totaling 198 million reais (approximately 258 million yuan). The new investments will include four projects: a logistics distribution center, a Welling motor factory, a Midea industrial EPS factory in Brazil, and...The new refrigerator factory is planned to officially start production in the first quarter of 2028. In the first half of the year, Midea increased its investment in brand building in South America, Southeast Asia, and other regions, actively expanding sales channels. It held a smart home appliance product launch in Buenos Aires, the capital of Argentina, and also hosted the 2025 Toshiba product launch in Manila, Philippines. Peru is an important part of the Latin American market. In May of this year, Midea held its first product launch event in Lima, the capital of Peru.Since its establishment at the beginning of 2024, Midea's Peru branch has quickly established sales channels for core categories such as smart air conditioners, large-capacity refrigerators, and washing machines, with all products being localized and improved to suit Peru's climate and consumer habits.。 In recent years, Haier has been focusing on brand internationalization and has intensified its efforts to promote its independent brand in Southeast Asia. On May 28, a brand launch and new product release conference was held in Ho Chi Minh City, Vietnam, announcing...Haier brand officially enters the Vietnamese market.At the event, three new high-end washing machine models from Haier were launched, and a strategic cooperation was announced with DMX, a leading home appliance retail platform in Vietnam. On May 28, Haier Smart Home announced in Ho Chi Minh City, Vietnam, that the Haier brand officially entered the Vietnamese market. Image source: Haier Group WeChat Official Account. The prospectus of Aux Electric shows that as of the three months ending March 31, 2025, overseas revenue accounted for 57.1%. Having tasted the "sweetness" of going abroad, Aux has also increased its globalization efforts this year. In April, the AUX overseas OBM dealer conference was held in Pattaya, Thailand, attracting air conditioning industry partners from over 30 countries around the world.As an important overseas manufacturing base of AUX Group, the AUX Thailand factory will continue to enhance its localization operational capabilities to support production and delivery in the regional market. AUX Air Conditioner officially enters the UAE market. Image source: Screenshot from AUX Air Conditioner's WeChat official account. It's also April.AUX Air Conditioning announces its official establishment in the UAE market.AUX held its first dealer conference in Dubai, where itC-Series Through localized innovative design, it fully meets the multiple expectations of Middle Eastern consumers for product durability, quiet comfort, and easy installation. From May 20 to 22, AUX Group showcased its full range of smart air conditioning solutions for home and commercial use at the 8th Nigeria International Air Conditioning, Ventilation and Refrigeration Exhibition (MEGACLIMA), a benchmark event in the non-refrigeration industry.AUX is engaging in in-depth discussions with multi-national distributors regarding customized services to accumulate strategic resources for the ongoing expansion into the West African market.。 Driven by global high temperatures and changes in market demand, exports have become an important engine for the growth of China's home appliance industry. In the face of intense competition in the international market, domestic electrical enterprises need to further strengthen brand building, enhance independent innovation capabilities, and ensure steady progress in a complex and ever-changing international environment.

Abu Dhabi National Oil Co. (Adnoc) announced July 16 that it intends to transfer its 24.9% shareholding in OMV AG (Vienna) to XRG PJSC, Adnoc’s wholly owned international investment company. Details of the transaction have not been disclosed. The transfer, which is subject to regulatory approvals, is aligned with Adnoc’s s strategy to consolidate its international growth investments under XRG, the company said. XRG, launched in November 2024, is also Adnoc’s vehicle for the previously announced acquisition of Covestro AG. Adnoc said it is also progressing with preparations for the proposed establishment of Borouge Group International, which is set to be a top-four global polyolefins producer. Adnoc’s proposed 46.94% shareholding in the new entity is expected to be held by XRG on completion of the transaction, subject to regulatory approvals. Borouge Group International will be formed from the merger of the two Adnoc/OMV olefin and polyolefin joint ventures, Borealis AG and Borouge PLC, plus the subsequent acquisition of Nova Chemicals Corp. OMV will also have a 46.94% stake in Borouge Group International, which is expected to be formed in the first quarter of 2026. Adnoc said it remains committed to its “longstanding partnership” with OMV through XRG. OMV confirmed in a separate statement July 16 that Adnoc has informed OMV of its intention to transfer the 24.9% stake. OMV also noted that the transfer is subject to regulatory approvals.    

International News Digest:   Raw Material News - Ocean Conservancy Report Claims Most States Lagging in Plastic Pollution Efforts Automotive News - Renault Appoints Interim CEO and Lowers 2025 Profit Forecast Electronics News - Researchers Develop Breakthrough Heat - Conductive Plastic to Help Prevent Overheating in Advanced Electronic Devices Medical News - Medical Disposables Manufacturer Reshores Operations to North Carolina Macro News - AMD Announces Resumption of AI Chip Exports to China Price Information - RMB/USD Central Parity Rate Reported at 7.1526, Down 28 Pips   Details of International News:   Ocean Conservancy Report Claims Most States Lagging in Plastic Pollution Efforts The Washington-based Ocean Conservancy has released a new report, "United States of Plastics," that analyzes state-level efforts to combat plastic pollution on a five-star scale. According to the report, on average, U.S. states scored 1.5 stars, or “needs improvement,” with 44 out of 50 states and Washington D.C. scoring below three stars.“Overall, the results are disappointing,” Ocean Conservancy Director of Plastics Policy Anja Brandon says. “Four in five Americans consider plastic pollution to be the most pressing issue facing our ocean, yet only six states ranked as ‘good’ or above in our study. We hope that the 'United States of Plastics' report inspires policy change and gives a benchmark for states to measure their progress in combating plastic pollution in the years to come.” Anya, Plastic Policy Director of the Ocean ConservancyBrandon stated, "Overall, the results are disappointing. Four out of five Americans believe plastic pollution is the most urgent issue facing the oceans; however, in our study, only six states were rated 'good' or above. We hope the 'State of Plastic in America' report can drive policy change and provide a benchmark for states to measure their progress in addressing plastic pollution in the coming years." Stratasys Unveils 'True' Silicone 3D-printing Material The new P3 Silicone 25A is a high-performance material developed in a strategic collaboration with Shin-Etsu and designed exclusively for the Stratasys Origin DLP platform. It can be used to produce a range of products, including suction cups.   Medical Disposables Manufacturer Reshores Operations to North Carolina A manufacturer of medical disposables headquartered in Hauppauge, NY, with manufacturing operations in China, GMAX Industries Inc. has chosen to locate its base of manufacturing operations in Winston-Salem, NC, according to a news report from Greater Winston Salem Inc. The decision is described as a strategic initiative to relocate manufacturing in the United States. Researchers Develop Breakthrough Heat - Conductive Plastic to Help Prevent Overheating in Advanced Electronic Devices Anyone who has left a phone in a hot car knows that electronic devices shut down when they overheat. According to foreign media reports, researchers at Northeastern University have developed a new type of lightweight plastic - ceramic composite material that can conduct heat and more effectively cool advanced electronic devices. "Heat management is a huge challenge for devices such as power electronics and radar antennas," said Professor Randall Erb, head of Northeastern University's Directed Assembly of Particles and Suspensions (DAPS) Laboratory and lead researcher on the project. "When electronic devices overheat, you either have to slow them down or shut them off. That might be okay for a phone, but not for critical systems like radar." In collaboration with the U.S. Army Research Laboratory, researchers at Northeastern University have developed a material that combines ceramics, polymers, and additives to form a 3D - printable plastic composite. It has a unique nanoscale ordered internal structure that allows heat to pass through easily. Renault Appoints Interim CEO and Lowers 2025 Profit Forecast Following the unexpected departure of the former Chief Executive Officer (CEO) of French automaker Renault, the company has lowered its 2025 profit forecast and appointed its current Chief Financial Officer, Duncan Minto, as interim CEO. Duncan Minto will replace Luca de Meo, who is set to become CEO of Kering. On July 15, Renault stated that it is actively searching for a long - term CEO. According to people familiar with the matter, potential candidates include Denis Le Vot, head of the Dacia brand; Francois Provost, Renault's purchasing director; and former Stellantis executive Maxime Picat.   Overseas Macro Market Information:   【U.S. Treasury Secretary Explains Export of H20 Chips to China: China Has Developed Chips with Equivalent Performance, So We Can Sell Them】 According to Reference News, on July 15 local time, U.S. Treasury Secretary Bessent said in an interview with Bloomberg Television when talking about Nvidia's approval to export H20 chips that China has developed chips with performance equivalent to H20 chips, so there is no problem with Nvidia selling H20 chips. 【U.S. Proposes South Korea to Refer to Japan's Example: Establish a Sovereign Fund to Lend to South Korean Enterprises for U.S. Factory Construction】 According to South Korea's Chosun Ilbo, South Korean government officials familiar with relevant trade negotiations revealed that the U.S. has asked South Korea to take the lead in setting up a multi - billion - dollar investment fund aimed at boosting U.S. manufacturing. The fund, tentatively named the "Manufacturing Cooperation Promotion Fund", will provide financing support for South Korean enterprises to build factories, expand plants, or invest in local partners in the U.S. This request, confirmed on July 15, marks a significant shift from the U.S.'s previous focus on easing trade barriers in the agricultural and digital data sectors. 【AMD Announces Resumption of AI Chip Exports to China】 According to Singapore's Lianhe Zaobao website on July 16, U.S. chip company Advanced Micro Devices (AMD) said that it plans to resume exports of its MI308 chips to China after the U.S. announced it would approve the sales. Previously, the U.S. made a similar decision regarding a Nvidia chip. 【Trump Says Pharmaceutical Tariffs May Be Introduced Before August 1, Downplaying the Possibility of Reaching More Trade Agreements】 U.S. President Donald Trump said he could impose tariffs on pharmaceuticals as early as the end of this month and may soon impose tariffs on semiconductors, suggesting that these import taxes could be implemented along with the broad "reciprocal" tariffs set to take effect on August 1.   Price information:   【RMB/USD Central Parity Rate】 The RMB/USD central parity rate was reported at 7.1526, down 28 pips; the central parity rate of the previous trading day was 7.1498, the official closing price of the previous trading day was 7.1734, and the night session closing price of the previous day was 7.1810. 【Upstream Raw Material USD Market Prices】 Ethylene Asia: CFR Northeast Asia at 820 USD/ton; CFR Southeast Asia at 830 USD/ton. Propylene Northeast Asia: FOB South Korea average at 740 USD/ton; CFR China average at 775 USD/ton. North Asia frozen cargo CIF price: Propane at 521 - 523 USD/ton; Butane at 491 - 493 USD/ton. South China frozen cargo CIF price for early August: Propane at 558 - 568 USD/ton; Butane at 529 - 537 USD/ton. Taiwan region frozen cargo CIF price: Propane at 536 - 538 USD/ton; Butane at 491 - 493 USD/ton. 【LLDPE USD Market Prices】 Film: 875 - 910 USD/ton (CFR Huangpu); Injection Molding: 950 USD/ton (CFR Dongguan). 【HDPE USD Market Prices】 Film: 920 USD/ton (CFR Huangpu); Blow Molding: 855 - 860 USD/ton (CFR Huangpu). 【LDPE USD Market Prices】 Film: 1070 - 1110 USD/ton (CFR Huangpu); Coating: 1350 USD/ton (CFR Huangpu). 【PP USD Market Prices】 Homopolymer: 935 - 965 USD/ton (CFR Huangpu); Copolymer: 965 - 995 USD/ton (CFR Huangpu); Film Grade: 1000 USD/ton (CFR Huangpu); Transparent Grade: 1085 USD/ton (CFR Huangpu); Pipe Grade: 1160 USD/ton (CFR Shanghai).

On July 16, it was reported that Harmony Auto announced that Wang Chuanfu, Chairman of BYD Group, inaugurated and awarded a plaque for the 100th overseas store opened by Harmony BYD — BYD Caroline Springs — on July 12. Before the opening ceremony, Wang Chuanfu inspected the new store's exhibition hall, after-sales service, and various other aspects, fully affirming the store's construction standards, facilities, and service processes, while also providing guidance. He also delivered the car to the first customer of the new store, Mr. Harpal Singh Bajwa, and took a photo with him and his family. Harmonious Automobile stated: With the guidance and assistance of BYD, in just 2 years, Harmony has achieved the remarkable feat of opening 100 BYD stores across 20 countries and regions. This significant milestone not only serves as important evidence of Harmony's deepening presence in overseas markets but also vividly reflects the deep integration of BYD's globalization strategy with local markets, showcasing the vigorous vitality and strong influence of Chinese brands on the international stage. At the ceremony, over 150 elites, leaders from the political and business sectors, and mainstream media witnessed the grand opening of the new store. Wang Chuanfu, Chairman of BYD Group, Liu Xueliang, General Manager of BYD Asia-Pacific Automotive Sales Division, Wing You, General Manager of BYD Australia, Feng Changgé, Chairman of Harmony Automobile, Liang Xinyue, President of Harmony BYD Overseas and General Manager of Asia-Pacific Region, and Sicardo, General Manager of Harmony BYD Melbourne, jointly inaugurated the new store. IT Home has learned from official sources that the BYD Caroline Springs store is located at the intersection of major roads in Melbourne, in the largest automotive business district in the area. It is the latest and highest quality BYD 4S store built to Australian standards, showcasing models such as the Shark 6 and Sealion 6. As of now, BYD has delivered a total of 60,000 vehicles in Australia, and in June, BYD ranked fifth in the Australian automotive brand rankings.

International News Digest: Raw Materials - Dow Launches INNATE™ TF 220 Resin to Enable Recyclable BOPE Film Innovation Circular Economy - Toyobo and DMC Biotechnologies to use biotech to make plastic raw materials Automotive - Elton Manufacturing buys U.S.-based Decatur Plastic Products Additives - Songwon To Highlight Stabilizer Technologies and Performance Additives at K2025 Macro - Trump: "Major Announcement" on Russia Coming Next Monday Price - USD/CNY Central Parity at 7.1475, Up 35 Pips   the Details of International News: 1.Dow Launches INNATE™ TF 220 Resin to Enable Recyclable BOPE Film Innovation Dow Inc. announced a major technological breakthrough with INNATE™ TF 220 resin, offering a high-performance, recyclable-design biaxially oriented polyethylene (BOPE) film solution for flexible packaging. From material design to end-of-life recycling, Dow is collaborating with partners across the packaging value chain to develop scalable sustainable solutions, translating environmental vision into commercial practice. 2. Toyobo and DMC Biotechnologies to use biotech to make plastic raw materials Toyobo recently signed a joint research and development contract related to biomanufacturing with DMC Biotechnologies, a U.S. biotech venture company based in Colorado. The two companies aim to develop and commercialize sustainable key chemical compounds to be used as raw materials for general-purpose plastics by applying synthetic biology technologies to microorganisms. 3. Elton Manufacturing buys U.S.-based Decatur Plastic Products The acquisition is Mississauga, Ont.-based Elton's first major expansion into the American market.In a move that marks its first major expansion into the U.S., Elton Manufacturing, a Mississauga, Ont.-based supplier of weatherstripping and windows for garage and entry doors, has acquired weatherstripping and door window supplier Decatur Plastic Products Inc. (DPP), of North Vernon, Ind. 4. Avient Launches Oxygen Scavenger to Enhance PET Packaging Recyclability Avient has launched an oxygen-scavenging additive designed specifically to enhance the recyclability of polyethylene terephthalate (PET) packaging while extending product shelf life. ColorMatrix Amosorb Oxyloop-1 is the first grade in Avient's new Oxyloop portfolio of oxygen scavengers. 5.TEAM Technologies Announces Acquisition of Duke Empirical TEAM Technologies, a provider of end-to-end outsourcing manufacturing services for critical medical devices, announced the acquisition of Duke Empirical. Duke Empirical is a designer, developer, and manufacturer of innovative medical devices, specializing in high-end catheters and minimally invasive delivery systems. The acquisition further expands TEAM’s capabilities in the minimally invasive medical, cardiology, and interventional therapy markets. 6. EU Adopts New Auto Circular Economy Rules to Drive Lifecycle Green Transition The European Parliament’s Committee on the Environment (ENVI) and Committee on the Internal Market (IMCO) recently voted to adopt new regulations aimed at comprehensively transforming Europe’s automotive industry toward a circular economy. Covering the entire lifecycle of vehicles from design, production to end-of-life treatment, the regulations include several specific requirements. Under the draft, automakers must design new models with easily detachable components, ensuring authorized treatment facilities (ATFs) can reuse, remanufacture, refurbish, or recycle parts (where technically feasible). Additionally, software restrictions that hinder the replacement or removal of individual components are prohibited. 7.Songwon To Highlight Stabilizer Technologies and Performance Additives at K2025 Songwon Industrial highlights its commitment to the industry and customers at K 2025. As the chemical industry grows more regulated and competitive, customers face pressure to improve performance, focus on sustainability, adapt quickly to changing requirements and maintain continuity. 8.Braskem to expand PE plant capacity in Duque de Caxias Braskem launches Transforma Rio project to expand the polyethylene (PE) p Braskem to expand PE plant capacity in Duque de Caxias.Braskem launches Transforma Rio project to expand the polyethylene (PE) plant in Duque de Caxias. The project was announced at the official ceremony hosted by Petrobras in Rio de Janeiro.   Overseas Macro Updates: Houthi Rebels Continue to Ban Israeli-Related Vessels Reports indicate that Houthi leader Abdul-Malik al-Houthi stated on July 10 that the group will continue to ban Israeli-related ships from passing through the Red Sea, Gulf of Aden, and Arabian Sea as long as Israel continues its aggression and blockade of Gaza. No one is allowed to transport Israeli-related goods through these waters. Within a week, Yemeni Houthi rebels sank two cargo ships in the Red Sea. The UN Secretary-General’s Special Envoy for Yemen emphasized the need to ensure freedom of navigation in the Red Sea, protect civilian infrastructure, and prevent Yemen from being drawn into a larger regional conflict. Trump: "Major Announcement" on Russia Coming Next Monday U.S. President Trump revealed on July 10 local time that he will make a "major announcement" on Russia next Monday (July 14 local time). In a phone interview with U.S. media, Trump stated that the current Russian airstrikes on Ukraine have intensified, adding that he is "disappointed" with Russian President Putin and describing Putin as "polite in words but without substance." Second Round of China-Switzerland FTA Upgrade Negotiations Held in Switzerland From July 7 to 10, the second round of negotiations on upgrading the China-Switzerland Free Trade Agreement was held in Geneva, Switzerland. The two sides held in-depth discussions on issues including trade in goods, trade in services, investment, rules of origin, trade facilitation, competition, environment and trade, and economic and technological cooperation, achieving positive progress.   Price information:   USD/CNY Central Parity 7.1475, up 35 pips; previous trading day’s central parity 7.1510, previous trading day’s official closing price 7.1776, overnight closing price 7.1780.  Raw Materials USD Market Prices Ethylene Asia: CFR Northeast Asia $820/tonne; CFR Southeast Asia $830/tonne. Propylene Northeast Asia: FOB Korea average price $740/tonne; CFR China average price $775/tonne. North Asia frozen cargo CIF price: propane $538-540/tonne; butane $508-510/tonne. South China frozen cargo for first half of August CIF price: propane $567-574/tonne; butane $537-544/tonne. Taiwan region frozen cargo CIF price: propane $538-540/tonne; butane $508-510/tonne. LLDPE USD Market Prices Film: $875-910/tonne (CFR Huangpu); Injection molding: $950/tonne (CFR Dongguan). HDPE USD Market Prices Film: $920/tonne (CFR Huangpu); Hollow: $855-860/tonne (CFR Huangpu). LDPE USD Market Prices Film: $1,070-1,110/tonne (CFR Huangpu); Coating: $1,350/tonne (CFR Huangpu). PP USD Market Prices Homopolymer: $935-980/tonne (CFR Huangpu); Copolymer: $965-995/tonne (CFR Huangpu); Film material: $1,000/tonne (CFR Huangpu); Transparent: $1,085/tonne (CFR Huangpu); Pipe material: $1,160/tonne (CFR Shanghai).

News Highlights: Raw Material News - Dow Shuts Down Three Major Chemical Plants in Europe Automotive News - Hyosung Advanced Materials Launches Restructuring of North American Airbag Business Packaging News - Bookoff Plans to Step Up Recycling of Unsold CDs and DVDs Electronic News - Fully Blocked by Canadian Government! Hikvision: Has Filed a Lawsuit Other News - Chinese Companies Install the World's Largest Diameter Flexible Pipeline in Saudi Arabia Macro News - US Media: US Treasury Secretary Says Talks with China Planned in Coming Weeks to Promote Consultations on Sino-US Trade and Other Issues Price Information - Ethylene Asia: CFR Northeast Asia 820 USD/ton, Down 30 USD/ton The following is the details of international news: 1.Dow to Shut Down Three Major Chemical Plants in Europe On July 7, Dow announced that its board of directors has approved the closure of three European upstream assets to address structural challenges in the region and optimize profitability. The assets to be closed include: Packaging and Specialty Plastics: Ethylene cracker in Böhlen, Germany, scheduled to close in Q4 2025; Industrial Intermediates & Infrastructure: Chlor-Alkali and Vinyl (CAV) assets in Schkopau, Germany, scheduled to close in Q4 2025; Performance Materials & Coatings: Basic siloxane plant in Barry, UK, scheduled to close in mid-2026. It is understood that the shutdown will affect approximately 800 Dow positions, part of the company's $1 billion cost-saving initiative announced in January, which includes cutting about 1,500 global positions. 2. PureCycle partners with Emerald Carpets to close the loop in carpet production PureCycle Technologies, Inc., a U.S.based company revolutionizing plastic recycling, announced a partnership with Emerald Carpets. This collaboration aims to transform the trade show carpet industry by creating closed-loop circularity in carpet production.The partnership includes PureCycle recycling used trade show carpets from Emerald Carpets, designed to transform the material into purified fiber-grade recycled polypropylene (rPP) pellets. Successful recycling of the materials would allow Emerald Carpets to then manufacture new carpets out of the rPP, creating a sustainable carpet-to-carpet solution. This should allow Emerald Carpets to meet California’s carpet-to-carpet (closed loop) recycled content requirements that go into effect in 2028. 3. India Initiates Anti-Dumping Investigation on Polyethylene from Six Countries Recently, India's Directorate General of Trade Remedies (DGTR) issued an official announcement stating that, in response to a complaint from the Indian Chemicals and Petrochemicals Association, it has decided to launch an anti-dumping investigation into polyethylene imports from Kuwait, Malaysia, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. 4. Borealis wins patent dispute against Mitsui Chemicals The European Patent Office (EPO) has ruled in favour of Borealis in a dispute with Japan-based Mitsui Chemicals.The ruling allows Borealis to continue manufacturing its polyolefin elastomer (POE) film for solar cells. The material is used as an encapsulant to protect solar cells from environmental damage and improve their long-term performance. It acts as a sealant and adhesive, holding the solar cell layers together while also providing crucial protection against moisture, temperature fluctuations, and UV radiation. 5. Hyosung Advanced Materials Launches Restructuring of North American Airbag Business Hyosung Advanced Materials is restructuring its US airbag subsidiary, GST Automotive Safety Components International (GST), aiming to expand the production and sales of airbag cushions and fabrics in North America.As part of this restructuring, GST will acquire "all assets, contracts, rights, employees, and related liabilities" involved in the production and sales of airbag cushions and fabrics from HS Hyosung USA Holdings, Inc. The South Korean supplier stated on July 4th, 2025, that this move will integrate its airbag business in the United States and enhance corporate value by consolidating the business into a single entity. After the restructuring, the GST business unit and GST Mexico shares held by HS Hyosung USA Holdings, Inc. will be merged into GST Global GmbH. 6. Hugo Boss Collaborates with Zellerfeld to Launch a Fully 3D-Printed Loafer German fashion brand Hugo Boss recently launched a fully 3D-printed loafer. This loafer, created in collaboration with footwear 3D printing factory Zellerfeld, brings a new silhouette design to the diversified footwear market - it not only inherits the classic loafer style but also incorporates a sleek, tech-inspired structure.The 3D-printed loafer made its debut at the NAMESAKE collection fashion show during Paris Fashion Week. Its unique design includes an integrated structure and is made from a single recyclable material. The shoe body uses zellerFOAM flexible material based on thermoplastic polyurethane (TPU), whose physical properties can be precisely adjusted through design. 7.RecyClass publishes Recyclability Evaluation Protocols for automotive and E&E sector The first set of RecyClass Recyclability Evaluation Protocols for Automotive and Electrical & Electronic Equipment (EEE) has been published following intense collaboration with the plastic value chain. Grounded in the European state-of-the-art recycling infrastructure, the protocols focus on polymers that are commonly recovered and recycled in these industries. These include polypropylene (PP), mineral-filled polypropylene (PP-MF), acrylonitrile butadiene styrene (ABS), polystyrene (PS), polyethylene (PE) and polycarbonate-acrylonitrile butadiene styrene blend (PC-ABS). 8. Chinese Enterprise Installs World's Largest Diameter Flexible Pipeline in Saudi Arabia Recently, the Saudi Jizan Industrial City seawater cooling project, undertaken by China Harbour Engineering Co., Ltd. and constructed by CCCC Fourth Harbor Engineering Co., Ltd., completed the shipment and installation of 3.5-meter diameter high-density polyethylene (HDPE) pipelines in unprotected sea areas, marking the successful installation of the world's largest diameter flexible pipeline. 9. Bookoff plans to step up recycling of unsold CDs and DVDs Secondhand goods retailer Bookoff Group Holdings will step up its efforts to recycle CDs and DVDs into daily items.Bookoff annually disposes of 1,700 tons of unsold discs and cases from some 800 outlets across the country. 10.  Fully Blocked by Canadian Government! Hikvision: Has Filed a Lawsuit In response to the Canadian government's shutdown of Hikvision's operations in Canada, Huang Fanghong, Chief Compliance Officer of Hikvision, stated on social media on the morning of July 8th that the company had formally filed a lawsuit with the Federal Court of Canada on July 7th (Eastern Time in Canada), requesting the initiation of judicial review procedures, and had applied to the Federal Court of Canada for an interim injunction to suspend the shutdown order. Currently, Hikvision Canada has resumed normal operations. Overseas macro market information: 【Morgan Stanley: Trump's Tariff Letters May Mean Tactical Escalation of Trade Negotiations】 Economists at Morgan Stanley said that US trade negotiations are moving towards a tactical escalation. The bank's report stated that if the latest tariffs proposed by the Trump administration in letters to trading partners take effect, Asia's weighted average tariff will rise to 27%. However, Trump has stated that the US is about to reach an agreement with India. Morgan Stanley said this indicates that most major Asian economies will be able to reach agreements before the August 1 deadline. But Japan and South Korea may not be able to resolve key issues through negotiations. Morgan Stanley said these issues include Japan's automobile tariffs and agricultural product issues, as well as South Korea's automobile and steel tariff reduction issues. 【Japanese Prime Minister Calls Trump's Tariff Letter Regrettable】 In response to the tariff-related letters sent by US President Trump to Japan and other parties, Japanese Prime Minister Shigeru Ishiba said today that the information released by the US is regrettable. Shigeru Ishiba stated that he will continue to negotiate with the US on tariffs. 【US Media: US Treasury Secretary Says Talks with China Planned in Coming Weeks to Promote Consultations on Sino-US Trade and Other Issues】 According to Bloomberg, US Treasury Secretary Janet Yellen said on July 7th local time that she expects to meet with Chinese officials in the coming weeks to promote consultations between China and the US on trade and other issues. "I will meet with my Chinese counterpart sometime in the next few weeks," Yellen said in an interview with CNBC. "We had good talks in Geneva and London before, and both sides maintained a highly respectful attitude." "If China is willing, China and the US can cooperate in more fields," Yellen said, adding that the two sides will discuss expanding the scope of cooperation from trade to other fields. 【RBA Unexpectedly Keeps Key Interest Rate Unchanged, AUD Rises】 The Reserve Bank of Australia kept its key interest rate unchanged at 3.85%. Only 5 out of 32 economists predicted this decision, and traders were also caught off guard. The RBA has cut interest rates twice during this easing cycle. Given the tight labor market and weak productivity growth, economists had previously debated the extent to which the central bank might cut interest rates further. After the interest rate announcement, the Australian dollar rose, and the policy-sensitive Australian 3-year government bond yield rose 5 basis points to 3.42%. Money markets had bet that the cash rate would fall below 3% by February 2026. Economists had expected two more rate cuts this year, with the cash rate falling to 3.35%, followed by a pause. 【Thai Acting Prime Minister: US Tariff Policy Announced on 7th Contradicts Previous Negotiations】 Thai Acting Prime Minister Prayut Chan-o-cha said on the 8th that the US tariff policy announced on the 7th contradicts the content of previous negotiations between the two sides, and he said he will further discuss with relevant Thai parties and prepare for continued negotiations. On July 7th local time, US President Trump said that a 36% tariff will be imposed on imported products from Thailand starting from August 1st. 【Myanmar to Propose to US to Seek Reduction of Trade Tariffs】 Myanmar's Deputy Minister of Commerce Min Min said that the Myanmar military government will propose to the Trump administration to reduce the US tariff on Myanmar goods by 40%. Min Min said on Tuesday that Myanmar's Ministry of Commerce, Ministry of Finance, and Ministry of Investment are coordinating with the Myanmar Embassy to formulate this proposal, but did not provide details. Min Min said that the Myanmar authorities had previously sent a negotiation letter to the US Department of the Treasury during the 90-day tariff suspension period. 【Argentina Makes Negative Final Ruling in Anti-Dumping Sunset Review on Chinese-Related Household Aluminum Radiators】 According to China Trade Remedy Information Network, on July 7th, the Ministry of Economy of Argentina issued Announcement No. 935 of 2025, making a negative final ruling in the anti-dumping sunset review on aluminum radiators originating from China and Italy, deciding to terminate the anti-dumping measures on the products; at the same time, it terminated the anti-circumvention investigation on Chinese  products and will not impose anti-dumping duties. Price Information: 【RMB/USD Central Parity Rate】 The central parity rate of RMB against the US dollar was reported at 7.1534, down 28 points; the central parity rate of the previous trading day was 7.1506, the official closing price of the previous trading day was 7.1747, and the night session closing price of the previous day was 7.1750. 【Raw Material USD Market Price】 Ethylene Asia: CFR Northeast Asia 820 USD/ton, down 30 USD/ton; CFR Southeast Asia 830 USD/ton, down 30 USD/ton. Propylene Northeast Asia: FOB South Korea average price 745 USD/ton, down 5 USD/ton; CFR China average price 795 USD/ton, down 10 USD/ton. Northeast Asia frozen cargo CIF price: propane 528-530 USD/ton; butane 503-505 USD/ton. South China frozen cargo CIF price for early August: propane 557-567 USD/ton; butane 522-532 USD/ton. Taiwan region frozen cargo CIF price: propane 528-530 USD/ton; butane 503-505 USD/ton. 【LLDPE USD Market Price】 Film: 875-920 USD/ton (CFR Huangpu), down 10 USD/ton; Injection molding: 940 USD/ton (CFR Dongguan); 【HDPE USD Market Price】 Film: 910-930 USD/ton (CFR Huangpu); Blow molding: 860-870 USD/ton (CFR Huangpu); 【LDPE USD Market Price】 Film: 1080-1090 USD/ton (CFR Huangpu); Coating: 1350 USD/ton (CFR Huangpu); 【PP USD Market Price】 Homopolymer: 935-980 USD/ton (CFR Huangpu); Copolymer: 965-995 USD/ton (CFR Huangpu); Film grade: 1000 USD/ton (CFR Huangpu); Transparent grade: 1085 USD/ton (CFR Huangpu); Pipe grade: 1160 USD/ton (CFR Shanghai).

International News Guide: Raw Material News -Scientists Crack the Code for Low-Cost, Low-Carbon Plastic Recycling Automotive News - Nissan and Foxconn Plan to Jointly Produce Electric Vehicles in Japan: 60-Year-Old Factory Is Expected to Be Revived Packaging News - LISBON：Launch of Europe's First City-Wide Reusable Cup System Aerospace News - Syensqo and Terma Strengthen Aerospace, Defense Partnership Macro News - Foreign Media: US Officials Hint at Extending Tariff Negotiation Deadline Price Information - Ethylene Asia: CFR Northeast Asia $850/ton; CFR Southeast Asia $860/ton   The following is the details of international news: 1.Trump: Tariff Letters for Various Countries to Be Announced Soon, with the Highest Tax Rate of 70% US President Trump posted on social media on the 6th local time that the US government will start releasing tariff letters or tariff agreements with trading partners from 12:00 noon local time on the 7th. Trump previously stated that he plans to impose tariff measures of up to 70% on goods from some countries starting from August 1. 2. UAE Unveils Groundbreaking EPR Pilot Targeting Packaging Waste, Backed by 26 Leading Companies In a landmark move to revolutionize how packaging waste is managed, the United Arab Emirates has launched the region’s first Extended Producer Responsibility (EPR) pilot, placing the onus of post-consumer waste squarely on manufacturers and brand owners. 3. Syensqo and Terma Strengthen Aerospace, Defense Partnership Syensqo (Alpharetta, Ga., U.S. and Brussels, Belgium) and Terma A/S (Denmark), renowned for its mission-critical composites manufacturing solutions in aerospace, defense and security, have signed a strategic collaboration agreement. Both parties committed to developing a growth framework to foster collaboration in composites advancement and leverage each partner’s expertise and resources to progress joint initiatives. 4. UBE Launches Two New Certified Products Under U-BE-INFINITY Line UBE Corporation announces that it has certified its two newly certified the following products as the U-BE-INFINITY environmentally friendly products brand.The U-BE-INFINITY brand is given to products under development, products developed by the UBE Group that demonstrate particularly outstanding positive environmental impacts, thereby enhancing the added value of the relevant products under development, products. UBE seeks to help solve global environmental issues with U-BE-INFINITY brand products. 5. LISBON：Launch of Europe's First City-Wide Reusable Cup System Lisbon has become the first European capital to introduce a city-wide reusable cup system, aiming to reduce plastics waste and emissions across its hospitality sector.  6.Scientists Crack the Code for Low-Cost, Low-Carbon Plastic Recycling Recent studies in the US show that most plastics are never recycled. The numbers probably fare worse for other countries in the world. In a significant step forward for sustainable materials science, a new American study has unveiled a breakthrough in the enzymatic recycling of PET — the world’s most common plastic, used in everything from water bottles to food packaging and clothing fibers. 7.Shell Warns That Its Q2 Natural Gas and Oil Trading Performance Will Be Significantly Lower Than the Previous Three Months Shell warned that its natural gas and oil trading performance in the second quarter will be significantly lower than that in the previous three months. 8.Nissan and Foxconn Plan to Jointly Produce Electric Vehicles in Japan: 60-Year-Old Factory Is Expected to Be Revived Nissan Motor and Hon Hai are in talks to cooperate in producing electric vehicles in Japan, which may save Nissan's Oppama Factory in Yokosuka City, Kanagawa Prefecture from closure. The Oppama Factory, an important production base of Nissan, has been a mainstay of Nissan's production since it was put into use in 1961. It currently mainly produces models such as "Note" with an annual production capacity of 240,000 vehicles.   Overseas Macro Market Information:   【Thai Finance Minister Says Revised Trade Proposal Has Been Submitted to the US】 Thai Finance Minister Pichai Chunhavajira said that Thailand has submitted a revised trade proposal to the United States, hoping to avoid the 36% punitive tariffs threatened by the Trump administration before the July 9 deadline.Note: The revision was made after Pichai's visit to Washington last week, when he said he had received feedback from US officials. 【Foreign Media: US Officials Hint at Extending Tariff Negotiation Deadline】 US Treasury Secretary Janet Yellen stated on the 6th that President Trump will send letters to trading partners this week to inform them of the tariff rates that the US plans to impose. For countries that fail to reach an agreement, the so-called "reciprocal tariffs" will take effect on August 1. US media interpreted that Yellen's statement hinted that the US side 默许 the July 9 deadline for tariff negotiations to be extended by several weeks. 【Indonesia Promises to Buy More US Wheat in a Bid to Reach a Trade Agreement】 Indonesia plans to buy more wheat from the United States in a bid to reach a trade agreement before the tariffs take effect. Franciscus Welirang, Chairman of the Indonesian Flour Millers Association (Aptindo), said in a telephone interview that Indonesia will sign a memorandum of understanding on wheat procurement with the United States from 2025 to 2030 in Jakarta on Monday. He said that Indonesia may buy at least 800,000 tons of wheat from the United States this year, up from 740,000 tons in 2024, and at least 1 million tons annually from 2026. According to data from the US Department of Agriculture, the last time the United States sold more than 1 million tons of wheat to Indonesia was in 2020, with exports of about 1.2 million tons. Although the newly promised procurement volume has increased, it still accounts for only a small part of Indonesia's total wheat procurement. The US Department of Agriculture predicts that Indonesia's wheat imports will reach 12 million tons in the 2025-26 fiscal year. 【Japan's Real Wages in May Recorded the Largest Drop in Nearly Two Years】 Data released by the Japanese government on the 7th showed that Japan's real wages continued to decline in May, with the largest drop in nearly two years. According to data from the Ministry of Health, Labour and Welfare, Japan's real wages fell for the 5th consecutive month in May, a 2.9% decrease compared with the same period last year, the largest drop since September 2023. 【Upgrading the Free Trade Agreement, the First Round of Sino-Georgian Negotiations Held in Beijing】 From July 3 to 4, the second meeting of the Joint Committee of the "China-Georgia Free Trade Agreement" and the first round of negotiations on the upgrading of the agreement were held in Beijing. It is reported that the "China-Georgia Free Trade Agreement" officially came into effect on January 1, 2018, and the upgrading of the agreement includes four chapters: Sanitary and Phytosanitary Measures, Technical Barriers to Trade, Investment and E-Commerce.   Price Information: 【RMB central parity rate against USD】 The central parity rate of RMB against USD was reported at 7.1506, up 29 points; the central parity rate of the previous trading day was 7.1535, the official closing price of the previous trading day was 7.1652, and the night session closing price was 7.1653. 【US dollar market price of upstream raw materials】 Ethylene Asia: CFR Northeast Asia $850/ton; CFR Southeast Asia $860/ton.Propylene Northeast Asia: FOB Korea average $745/ton; CFR China average $795/ton.North Asia frozen cargo CIF: propane $528-530/ton; butane $503-505/ton.South China frozen cargo CIF for early August: propane $557-567/ton; butane $522-532/ton.Taiwan region frozen cargo CIF: propane $528-530/ton; butane $503-505/ton. 【LLDPE US dollar market price】 Film: $875-930/ton (CFR Huangpu);Injection molding: $940/ton (CFR Dongguan); 【HDPE US dollar market price】 Film: $910-930/ton (CFR Huangpu);Blow molding: $860-870/ton (CFR Huangpu); 【LDPE US dollar market price】 Film: $1080-1090/ton (CFR Huangpu);Coating: $1350/ton (CFR Huangpu) 【PP US dollar market price】 Homopolymer: $935-980/ton (CFR Huangpu);Copolymer: $965-995/ton (CFR Huangpu);Film grade: $1000/ton (CFR Huangpu);Transparent grade: $1085/ton (CFR Huangpu);Pipe grade: $1160/ton (CFR Shanghai).

Highlights of International News: Raw Materials: Sulzer Launches Polystyrene(PS) Recycling Technology Automotive: Renault Records a €9.5 Billion Loss Due to Accounting Method Adjustments. Electronics: Envalior and Partners Develop Gearbox Concept for Robot Arms with Engineering Plastics Packaging: AMERICHEM Consolidation of European Activities Under US Brand / Streamlining Advances Company's 2030 Sustainability Goals Medical: Sekisui Chemical to Construct New Injection-Molding Plant in Pune, India Macro Economy: Thailand's Constitutional Court decides to suspend Prime Minister Paetongtarn from office. Price Info: Homopolymer PP: $935–980/ton (CFR Huangpu). Details of International News: Envalior and partners develop gearbox concept for robot arms with engineering plastic Envalior, SENTImotion and Frencken Group have developed a new gearbox concept for robot arms based on advanced engineering plastic.Unlike previous designs based on metal or plastic, it enables the entry into the cost-effective large-scale production of lightweight and energy-efficient robots. The development partners are presenting the new concept to the general public for the first time at the automatica robotics trade fair in Munich, Germany.   2. Sulzer launches polystyrene recycling technology SulzerLtd. (Winterthur, Switzerland) is proud to announce the launch of its licensed EcoStyrene polystyrene recycling technology, a groundbreaking solution for the chemical recycling of contaminated polystyrene materials. The EcoStyrene process addresses one of the chemical recycling industry’s most significant challenges: effectively processing waste polystyrene materials that contain multiple types of contaminants. Unlike conventional recycling methods that require pristine feedstock, our technology efficiently processes polystyrene waste containing flame retardant components and food residue, transforming these previously unrecyclable materials into valuable resources that can be reintroduced into the production cycle, including food contact applications. 3. PRET Expands Global Footprint with New Mexico Plant Pret Composites Mexico Co., Ltd. marked a historic milestone: the successful trial production at PRT Mexico Plant, inaugurating a new chapter in North American intelligent manufacturing. This milestone signifies a key step in the group's global strategy, laying a solid foundation for deepening its presence in the North American market. In the future, it will become a composite materials intelligent manufacturing hub radiating across the Americas.   4. Sekisui Chemical to construct new injection-molding plant in Pune, India Sekisui Chemical Co. Ltd. (Tokyo, Japan) has decided to establish sixth injection-molding plant in India for Sekisui DLJM Molding Pvt. Ltd., which manufactures and sells injection molded products for automobiles in Pune, Maharashtra in western India. The investment for establishing the new injection-molding plant is approximately $3 million, and it is expected to go into operation in January 2026.   5. AMERICHEM：Consolidation of European activities under US brand / Streamlining advances company's 2030 sustainability goals US masterbatch and compounds specialist Americhem has announced plans to consolidate its European activities under the Americhem brand as it moves to align operations across global quality and manufacturing standards. 6.Renault Records €9.5 Billion Loss Due to Accounting AdjustmentsOn July 1, French automaker Renault announced that it would record an approximately €9.5 billion loss in its first-half results due to a change in the accounting method for its equity investment in Nissan. The move comes as the two companies adjust their 20-year partnership, with Renault gradually reducing its stake in Nissan, which is facing sales declines and financial pressures.   7. Key Process Improvements Save Energy and Cut Costs for Recycling Polyester With Enzymes A successful collaboration involving a trio of research institutions has yielded a road map toward an economically viable process for using enzymes to recycle plastics.The researchers, from NREL, the University of Massachusetts Lowell, and the University of Portsmouth in England, previously partnered on the biological engineering of improved PETase enzymes that can break down polyethylene terephthalate (PET). With its low manufacturing cost and excellent material properties, PET is used extensively in single-use packaging, soda bottles, and textiles.   8.Sharp Sells Camera Module Business for ¥2.4 Billion; Foxconn Subsidiary Takes Over On June 30, Sharp announced the transfer of 51% equity in its subsidiary SSTC-held SAIGON STEC CO., LTD (SSTEC) and part of its fixed assets to a subsidiary of Foxconn Technology Group for approximately ¥2.4 billion (approximately ¥119 million). The equity transaction was completed on the same day for ¥533 million (approximately ¥26.479 million), and the remaining asset transfer is expected to be finalized by the end of September 2025. Sharp stated that the sale of the camera module business will bring a ¥2.426 billion special profit, further optimizing the group's asset structure. This move signals Sharp's gradual divestment from non-core businesses, while Foxconn strengthens its industrial chain layout through its subsidiary Fullertain.   Overseas Macro Market Information:   Thailand's Constitutional Court Suspends Prime Minister Paetongtarn from OfficeOn July 1 local time, Thailand's Constitutional Court decided to accept a petition to impeach Prime Minister Paetongtarn and suspend her from office. On June 20 local time, the Speaker of Thailand's House of Lords submitted a petition to the Constitutional Court to impeach Prime Minister Paetongtarn, alleging that her phone call with Cambodian Senate President Hun Sen violated the constitution and ethical norms.   Musk Responds to Trump's Comments on Reviewing Subsidies: 'Cut Them All, Now!'Earlier, Trump claimed that Musk may have received more subsidies than anyone in history, and without subsidies, he might have to close down and return to his native South Africa. "Maybe we should let the Department of Efficiency take a good, hard look at this? It could save a fortune!" Musk replied in a user comment, "Cut them all, now." Tesla's stock price fell more than 7% at one point.   Japan's 10-Year Government Bond Auction Demand Stronger Than 12-Month AverageDemand for Japan's 10-year government bond auction was stronger than the 12-month average, as expectations of the central bank raising interest rates weakened, easing upward pressure on longer-term bond yields. The bid-to-cover ratio for the auction was 3.51, higher than 3.66 in the previous auction last month and the 12-month average of 3.14. Another sign of strong demand was the 0.03 gap between the average price and the minimum accepted price, compared with 0.01 in the previous auction. Since the end of May, Japan's sovereign bond auctions have been in the spotlight after a poor response to Japan's 20-year bond auction, leading to record highs in ultra-long bond yields. The surge in Japanese government bond yields has impacted global bond markets, with investors remaining vigilant about the expanding government deficit.   Canalys: U.S. Desktop and Laptop Shipments Grew 15% YoY in Q1 to 16.9 Million UnitsData from Canalys shows that U.S. desktop and laptop shipments grew 15% year-on-year to 16.9 million units in the first quarter of 2025. Due to manufacturers increasing shipments in response to tariff policy adjustments, channel inventory has increased significantly, facing subsequent pressure to clear inventory. At the same time, weakened consumer spending will slow annual growth. Full-year PC shipments are expected to grow by only 2% in 2025. With a large number of Windows system upgrades set to begin after Windows 10 ends service in October 2025, shipment growth is expected to rebound to 4% in 2026.   Price Information:   USD/CNY Central Parity Rate The central parity rate of the yuan against the U.S. dollar was set at 7.1534, up 52 pips; the previous trading day's central parity rate was 7.1586, the previous trading day's official closing price was 7.1656, and the overnight trading close was 7.1636.   Raw Material Prices in USD Ethylene Asia: CFR Northeast Asia $850/ton; CFR Southeast Asia $860/ton. Propylene Northeast Asia: FOB South Korea average $745/ton; CFR China average $795/ton. North Asia frozen cargo CIF price: Propane $532.5–534.5/ton; Butane $502.5–504.5/ton. South China frozen cargo August arrival CIF price: Propane $564–574/ton; Butane $529–539/ton. Taiwan frozen cargo CIF price: Propane $532.5–534.5/ton; Butane $502.5–504.5/ton.   LLDPE Prices in USD Film: $880–930/ton (CFR Huangpu); Injection molding: $940/ton (CFR Dongguan).   HDPE Prices in USD Film: $910–930/ton (CFR Huangpu); Hollow: $860–870/ton (CFR Huangpu).   LDPE Prices in USD Film: $1,090–1,100/ton (CFR Huangpu); Coating: $1,350/ton (CFR Huangpu).   PP Prices in USD Homopolymer: $935–980/ton (CFR Huangpu); Random copolymer: $965–995/ton (CFR Huangpu); Film material: $1,000/ton (CFR Huangpu); Transparent: $1,085/ton (CFR Huangpu); Pipe material: $1,160/ton (CFR Shanghai).  

International News Guide: Raw Materials - Malaysia Announces Tighter Plastic Waste Import Rules, Effective July 1 Automotive - EU End-of-Life Vehicle Regulations Loom, But Implementation Hurdles Persist Packaging - Bioplastics Break Performance Bottleneck: AIMPLAS-Lead Project Reshapes Sustainable Packaging Electronics - Samsung Reports 31% Recycled Plastic Content in Galaxy Devices Macro - Canada Cancels Digital Services Tax to Advance US Trade Talks Price - Ethylene Asia: CFR NE Asia $850/ton; CFR SE Asia $860/ton The following are details of international news:   1.Italy fines bioplastics maker Novamont for abusing dominant The Autorità Garante della Concorrenza e del Mercato (Italian Competition Authority, AGCM) has imposed a €30.4 million fine on bioplastics manufacturer Novamont S.p.A for abuse of its dominant market position. Specifically, the company “abused its dominant position in the national markets for raw materials used in the production of bags (lightweight and ultra-lightweight for fruit and vegetables) by engaging in exclusionary practices targeting competitors,” according to an AGCM press release. 2.Doubling down on double capacity: our second advanced recycling unit is up and running in Baytown ExxonMobil has commissioned a second advanced recycling unit in Baytown, We’ve expanded our Baytown operations with a second advanced recycling unit. Combined with our first unit, which has been  in operation since late 2022 , we have processed more than 100 million pounds of plastic as of May 2025. 3.Samsung Reports 31% Recycled Plastic Content in Galaxy DevicesSamsung’s 2025 sustainability report reveals that 31% of plastic components in Galaxy smartphones and other products launched in 2024 used recycled materials, a new high for the company. The report notes Samsung has expanded its e-waste recycling program to 80 countries and regions globally, up from 70 in 2023. 4.AkzoNobel Agrees to Sell Majority Stake in Indian Unit to JSW GroupAkzoNobel has signed an agreement to sell its stake in AkzoNobel India Limited (ANIL) to India’s JSW Group, based on an enterprise value of approximately €1.4 billion (22x EV/EBITDA), covering its liquid coatings business in India. AkzoNobel will retain full ownership of ANIL’s powder coatings business and international research center. The divestment is the first step in the company’s strategic portfolio review announced in October 2024 to focus capital and capabilities on leading positions in key global coatings markets. 5.EU Launches Anti-Dumping Investigation into Vietnamese PET PlasticThe European Commission has initiated an anti-dumping investigation into poly(ethylene terephthalate) (PET) plastic imports from Vietnam, following complaints from EU PET producers alleging dumping at below normal value, harming the EU industry. The investigation, launched on May 22, 2025, covers 2024 export data and targets PET plastic with a viscosity of 78 ml/g or higher (ISO 1628-5), under HS code 39076100. 6.Malaysia Announces Stricter Plastic Waste Import Rules, Effective July 1Malaysia will implement stricter plastic waste import regulations from July 1, banning all plastic waste imports to align with the Basel Convention and its 2019 Plastic Waste Amendment, including prohibiting trade of specific plastic waste among Convention parties. Currently, Malaysia receives far more plastic waste from wealthy developed nations than other non-OECD countries. 7.Bioplastics Break Performance Bottleneck: AIMPLAS-Lead BIOPROCESS Project Reshapes Sustainable Packaging Bioplastics are emerging as a more sustainable alternative to traditional fossil-based non-degradable plastics in packaging, but further research is needed to ensure biodegradable/compostable plastics meet shelf-life requirements. The AIMPLAS-led BIOPROCESS project aims to enhance the mechanical and barrier properties of bioplastics for high-performance flexible packaging films in food, cosmetics, personal care, detergents, and cleaning products. Partners include Potato Bioplastics (renewable resource bioplastics manufacturer) and Gaviplas (flexible film producer). 8.Kuraray Expands Production Again, Near-Monopolizing Market Kuraray has announced plans to expand production of optical polyvinyl alcohol (PVA) film "Poval" at its Saijo Plant in Ehime Prefecture, Japan, driven by demand for larger screen sizes. The new line, scheduled for December 2027, will produce wider optical PVA films compatible with 3-meter-wide polarizers, adding 38 million square meters annual capacity and boosting total capacity from 296 million to 334 million square meters. 9.EU End-of-Life Vehicle Regulations Loom, But Implementation Hurdles PersistIn Europe, end-of life vehicles (ELVs) are recycled at a high rate, with an average of 95% of materials being reused and recovered, and 85% being reused and recycled. However, some challenges remain such as the lack of circularity in design and production, the uptake of recycled materials in new vehicles or the low recycling rates for specific materials, such as plastics – with  80% of ELV plastics being currently incinerated or landfilled. This is a missed opportunity with enormous environmental and economic consequences. As the EU finalises the new the End-of Life Vehicles (ELV) Regulation, a crucial piece of legislation designed to reduce the environmental impact of vehicles across their entire lifecycle, there is a critical window to push for real change. 10.Enterprises Including VW, BMW, Mercedes, and Bosch Sign MoU to Co-Develop Automotive Software Platform Volkswagen Group, BMW Group, Mercedes-Benz, and 8 other automotive and tech companies have signed a memorandum of understanding (MoU) to co-develop and share advanced automotive software platforms, aiming to counter U.S. technological dominance and regain control of future vehicle digital architectures. Overseas macroeconomic market information: No Room for Compromise? Trump Says Unwilling to Lower Tariffs on Japanese Cars as Japanese Official Is "Standed Up" by U.S. Treasury Secretary U.S. President Trump said on June 29 he is not prepared to lower the 25% additional tariff on Japanese cars, the focal point of U.S.-Japan trade talks. Japanese Economic Revitalization Minister Akazawa Ryohei extended his U.S. visit but failed to meet Treasury Secretary Bessent during his 7th trip. Indonesia Relaxes Import Regulations for Commodities Indonesia has relaxed import rules for 10 commodities, planning further deregulation measures. Indonesian President Says Will Collaborate with Chinese Partners to Promote Power Battery Ecosystem Project Indonesian President Prabowo said on June 29 that the power battery ecosystem project, a $5.9 billion investment by state miner Antam, Indonesia Battery Corporation, and Ningbo Puqin Times, will make Indonesia the only Southeast Asian country with integrated upstream-to-downstream battery production, inviting Chinese partners to advance the strategic project. Canada Cancels Digital Services Tax to Advance U.S. Trade Talks Canadian Prime Minister Kearney and President Trump agreed to resume trade talks to reach an agreement by July 21, after Trump terminated talks over Canada’s digital tax.   Price information: 【USD/CNY Central Parity Rate】 The central parity rate of RMB against USD was set at 7.1586, up 41 pips. The previous trading day's central parity rate was 7.1627, official closing price was 7.1690, and overnight closing price was 7.1740. 【Raw Materials - USD Market Prices】 Ethylene (Asia): CFR Northeast Asia: $850/ton CFR Southeast Asia: $860/ton Propylene (Northeast Asia): FOB Korea average: $745/ton, down $5/ton CFR China average: $795/ton, down $5/ton North Asia LPG (CIF): Propane: $536.5-538.5/ton Butane: $506.5-508.5/ton South China LPG (August arrival, CIF): Propane: $566-576/ton Butane: $536-546/ton Taiwan LPG (CIF): Propane: $536.5-538.5/ton Butane: $506.5-508.5/ton 【LLDPE - USD Market Prices (CFR)】 Film grade: $880-930/ton (Huangpu) Injection grade: $940/ton (Dongguan) 【HDPE - USD Market Prices (CFR)】 Film grade: $910-930/ton (Huangpu) Hollow grade: $860-870/ton (Huangpu) 【LDPE - USD Market Prices (CFR)】 Film grade: $1,105-1,120/ton (Yantian) Coating grade: $1,350/ton (Huangpu) 【PP - USD Market Prices (CFR)】 Homopolymer: $935-980/ton (Huangpu, up $5/ton) Copolymer: $965-995/ton (Huangpu) Film stock: $1,000/ton (Huangpu) Transparent grade: $1,085/ton (Huangpu) Pipe grade: $1,160/ton (Shanghai)

International News Digest​​​​Materials News​​ – Avery Dennison unveils RFID label compatible with PET recycling stream ​​Trade News​​ – Safic-Alcan to distribute Evonik's functional silanes in Central Eastern Europe​​Policy News​​ – India imposes five-year anti-dumping duties on six Chinese imports to protect domestic industry​​Equipment News​​ – Coveris Installs 5-Layer Cast Film Line with AI Control in UK​​Macro News​​ – Report shows global energy sector CO₂ emissions hit record high in 2023​​Market Data​​ – CNY/USD central parity rate at 7.1620, up 48 pips ​​ Details of International News:​​   1.Borouge and Honeywell join forces to demonstrate AI powered autonomous operations Borouge  Plc is collaborating with  Honeywell  International Inc. (Charlotte, N.C.) to conduct a proof of concept for  AI powered autonomous operations, which has the potential to revolutionize Borouge’s UAE plant operations. The collaboration between Borouge and Honeywell is set to deliver the petrochemical industry’s first AI-driven control room designed for full-scale, real-time operation, establishing a new standard for the future of AI in petrochemicals.   2.Coveris Installs 5-Layer Cast Film Line with AI Control in UK Packaging manufacturer Coveris has installed a five-layer cast stretch film extrusion line of the type ALLrollEX 1500 mm from Colines at its Winsford extrusion hub in the UK. The system includes the Mastermind virtual assistant for process automation and was commissioned with full system integration, including downstream palletising.   3.Avery Dennison unveils RFID label compatible with PET recycling stream Materials science company Avery Dennison has developed a radio frequency identification (RFID) label that has received Association of Plastic Recyclers (APR) Design for Recyclability recognition validating its compatibility with North America’s polyethylene terephthalate (PET) recycling stream.Avery Dennison claims its new label is an industry first, combining the company’s CleanFlake adhesive technology and its expertise in RFID to develop the new product that can cleanly separate from the PET in the mechanical recycling stream and reduce contamination.   4.CAI Performance Additives launches flame-retardant synergist for PVC wires & cables CAI Performance Additives announced the launch of ST-FR6, a flame-retardant synergist for PVC wire and cable applications.ST-FR6 offers a cost-effective, stable alternative to Antimony Trioxide (ATO), addressing supply chain challenges while maintaining top-tier flame retardant performance and environmental safety.   ​​5.India lmposes Five-YearAnti-Dumping Duties onSix Chinese lmports to Safeguard Domestic IndustryIndia has imposed five-year anti-dumping duties on six key Chinese imports-PEDA, Acetonitrile, Vitamin-A Palmitate Insoluble Sulphur, Decor Paper, and Potassium Tertiary Butoxide- following investigations by the Directorate General of Trade Remedies (DGTR). The move aims to protect domestic industries from unfair trade practices and address the growing trade imbalance with China. The duties, aligned with WTO norms, are intended to promote fair competition and support local manufacturing. ​​ 6.Safic-Alcan to distribute Evonik's functional silanes in Central Eastern Europe Safic-Alcan announces a strategic distribution agreement reached with Evonik Smart Effects division. Effective July 1st, 2025, Safic-Alcan will additionally distribute EVONIK functional silanes in Central Eastern Europe.The new agreement will also include Albania, Bosnia & Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Kosovo, Latvia, Lithuania, Moldavia, Montenegro, North Macedonia, Poland, Romania, Serbia, Slovakia and Slovenia.   ​​Global Macro Market Updates:​​   ​​[South Korea] President Calls for Capital Market Normalization to Achieve KOSPI 5000 Era​​South Korean President Yoon Suk-yeol urged the National Assembly on June 26 to expedite supplementary budget deliberations. Emphasizing economic revitalization, he warned that prolonged low growth could trap the economy in a "vicious cycle of intensifying competition and conflict." Yoon asserted that transparent capital markets would spur recovery, enabling the KOSPI to surpass 5,000 points.   ​​[Energy] Report Shows Global CO₂ Emissions from Energy Hit Record High in 2023​​The Energy Institute’s annual Statistical Review of World Energy revealed that energy-related CO₂ emissions grew for the fourth consecutive year in 2023, coinciding with global temperatures exceeding pre-industrial levels by 1.5°C for the first time. Despite record renewable energy adoption, fossil fuel consumption continued rising.   ​​[UK] Business Group Warns Tax Hikes Force SMEs to Cut Jobs​​The British Chambers of Commerce reported nearly one-third of UK SMEs have either laid off workers or are considering job cuts due to increased National Insurance contributions ordered by Chancellor Rachel Reeves in April. Director General Shevaun Haviland stated business confidence has plunged to 2022 lows, forcing many to reconsider expansion plans.   ​​[M&A] Shell Denies BP Acquisition Talks After WSJ Report​​On June 25, according to the Wall Street Journal, people familiar with the matter said that negotiations between representatives of the two companies were actively ongoing and that BP was carefully considering the proposal. BP currently has a market value of about $ 80 billion. Considering the acquisition premium, the transaction may become the largest oil industry transaction since ExxonMobil 's $ 83 billion merger at the beginning of this century. However, people familiar with the situation warned that the potential terms of the deal have not yet been determined, and the merger is far from a foregone conclusion. Shell denied the relevant negotiations after the report, saying that ' the report is further market speculation, no negotiations '. Price Information 【USD/CNY Central Parity Rate】 The central parity rate of RMB against USD was set at 7.1620, up 48 pips. The previous trading day's central parity rate was 7.1668, official closing price was 7.1713, and overnight closing price was 7.1750.   【Raw Materials - USD Market Prices】 Ethylene (Asia): CFR Northeast Asia: $850/ton, up $5/ton CFR Southeast Asia: $860/ton Propylene (Northeast Asia): FOB Korea average: $750/ton CFR China average: $800/ton North Asia LPG (CIF): Propane: $548-550/ton Butane: $518.5-520.5/ton South China LPG (July arrival, CIF): Propane: $588-598/ton Butane: $538-548/ton Taiwan LPG (CIF): Propane: $548-550.5/ton Butane: $518.5-520.5/ton   【LLDPE - USD Market Prices (CFR)】 Film grade: $920/ton (Huangpu) Injection grade: $950/ton (Dongguan)   【HDPE - USD Market Prices (CFR)】 Film grade: $910-920/ton (Huangpu) Hollow grade: $860-870/ton (Huangpu)   【LDPE - USD Market Prices (CFR)】 Film grade: $1,105-1,130/ton (Yantian) Coating grade: $1,330/ton (Huangpu)   【PP - USD Market Prices (CFR)】 Homopolymer: $890-975/ton (Huangpu) Copolymer: $965-995/ton (Huangpu) Transparent grade: $1,085/ton (Huangpu) Pipe grade: $1,160/ton (Shanghai)

International News Digest: Raw Materials News- Covestro acquires Pontacol: expansion in specialty films    Automotive News-Audi Considers New U.S. Plant with Costs up to €4 Billion Packaging News- India’s Dhunseri Ventures plans Rs22 billion polyfilm capacity expansion Medical News-“First of its kind” inhaler to reshape respiratory drug delivery Macro News-Japan Still Studying Timing for Next Round of U.S. Trade Talks Price Information-Ethylene Asia: CFR Northeast Asia $840/MT; CFR Southeast Asia $860/MT   Detailed International News: 1.Iran Mulls Closing Strait of Hormuz Iranian officials hinted at potentially closing the Strait of Hormuz, a statement that triggered a surge in international crude oil prices. Goldman Sachs warned that in an extreme-risk scenario, prolonged blockade of the Strait could drive global oil prices to over $100 per barrel. Located between Oman and Iran, the Strait of Hormuz is the only maritime passage connecting the Persian Gulf to the Indian Ocean, handling one-third of global seaborne crude oil transport and one-fifth of liquefied natural gas (LNG) shipments. The U.S. Energy Information Administration (EIA) has dubbed it "the world's most important oil chokepoint."   2. Covestro Acquires Pontacol: Expansion in Specialty Films   On June 23, 2025, Covestro has signed an agreement to acquire Pontacol, a Swiss manufacturer of multilayer adhesive films. With this acquisition, Covestro strategically expands its specialty films portfolio and further advances the implementation of its "Sustainable Future" corporate strategy. At the same time, the company continues to consistently expand its growth in sustainable and innovative business areas.   3. India’s Dhunseri Ventures plans Rs22-billion polyfilm capacity expansion India’s Dhunseri Ventures Ltd (DVL) plans to invest rupee (Rs) 22.4 billion ($260 million) to expand its packaging film capacity through brownfield and greenfield expansions, a company official said on Tuesday.The expansion would be done through its wholly owned subsidiary Dhunseri Poly Films Pvt Ltd (DPFPL).   4.Audi Considers New U.S. Plant with €4B Cost Aiming to avoid tariff conflicts between the U.S. and the EU, Audi is considering building a new plant in the United States. Reports indicate that establishing a plant in the southern U.S. would be the costliest option under consideration, with company sources estimating the investment could reach €4 billion (approximately ¥33.1 billion).   5. Ensinger to expand production capacity of polyimide powder Ensinger to expand production capacity of polyimide powderPlastics processor Ensinger is increasing the production capacity of its TECAPOWDER product line. The polyimide material will be produced not only at the company’s site in Lenzing, Austria, but also in Obernburg am Main, Germany. The new production line at the Industrie Centre Obernburg (ICO) is expected to be operational by 2027.   6. “First of its kind” inhaler to reshape respiratory drug delivery Cambridge Healthcare Innovations (CHI), a start-up designing and licensing revolutionary inhaler technology, has announced Quattrii, the ‘first ever’ dry powder inhaler (DPI) engine that is capable of delivering large volumes of biologic and mRNA molecules in a single inhalation. The engine will be available for pharmaceutical companies to start using in Phase 1 clinical trials from Q4 of this year.  7. Cititoy Invests in Indonesia Plant with 4,000 Workers Following reports of toy manufacturers like GFT, Delin, Huaden, Weixing, Yunhao, Hualong, Qifeng, Jinfu, Lianzhi, Xuri, and Longchang investing in Indonesian factories, global toy giant Cititoy is preparing to build PT Kids Play Indonesia in Subang Smartpolitan, Indonesia. The first-phase project is scheduled for completion and operation in September 2025, with all products to be exported via Patimban Seaport.   8. First PP Packaging Plant in Russia's Zabaykalsky Krai Starts Operation, with an annual capacity of 1.7 million to fill the regional gap A polypropylene packaging material production plant has been built in Russia 's Transbaikal region. The enterprise produces polypropylene mesh woven bags on a large scale for the storage and transportation of fruit and vegetable products. At present, there is no similar enterprise in the region. 9. Mexico's Chemical Industry Poised to Attract $50B Investment José Carlos Ponce, President of Mexico's National Chemical Industry Association (ANIQ) and CFO of Mexican chemical producer Alpek, stated that the Mexican chemical sector could attract $50 billion in investment over the next decade if key challenges—including the operational performance of state-owned energy giant Pemex—are addressed.   Overseas Macro Market Information   1.Japan Still Finalizing Timing for Next U.S. Trade Talks Japan's chief negotiator and Minister of Economic Revitalization, Ryō Akasawa: Committed to reaching a mutually beneficial trade agreement with the U.S., without setting a deadline; still studying timing for the next negotiation round.   2.South Korea Seeks Exemption from U.S. Auto and Steel Tariffs The South Korean government stated that Trade Minister Yeo Han-koo held his first meeting with U.S. Trade Representative Jamieson Greer in Washington, D.C. Yeo emphasized the importance of exempting key goods like automobiles and steel from U.S. tariffs and expressed South Korean industry concerns over recent developments in U.S. export control policies. Both sides reaffirmed their commitment to swiftly reaching a mutually beneficial agreement.   3.Iran and Israel Announce Formal Ceasefire Local time on June 24, Iran and Israel declared a formal ceasefire.   4.Trump Confirms Iran-Israel Ceasefire in Effect At 1:00 a.m. ET on the 24th, U.S. President Trump posted on social media: "Ceasefire is now in effect. Do not violate." Earlier, at 6:02 p.m. ET on the 23rd, Trump announced the ceasefire would begin in approximately 6 hours—12:00 a.m. ET on the 24th. The agreement includes two 12-hour ceasefire phases: Iran initiates the first, followed by Israel, with the war officially ending after 24 hours.   5.Japan's 20-Year JGB Bid-to-Cover Ratio Hits Highest Since March After Japan's Ministry of Finance reduced ultra-long-term bond issuance, the bid-to-cover ratio for 20-year Japanese government bonds (JGBs) reached 3.11 in Tuesday's auction—the highest since March. The previous auction in May had a ratio of 2.5, a more than 10-year low, though still below the 12-month average of 3.31.   6.Indian Officials: India and U.S. Still Aim to Reach Trade Deal by July Deadline Indian officials said India and the U.S. hope to finalize a preliminary trade agreement before the U.S. tariff hike deadline on July 9, though challenges remain—particularly in sectors like agriculture.   Price Information   CNY/USD parity Rate Reaches Highest Since November 2024 The central parity rate was set at 7.1656, up 54 pips from the previous day. The previous day's parity rate was 7.1710, official closing price 7.1858, and overnight closing price 7.1772.   Upstream Raw Materials (USD Prices) Ethylene Asia: CFR Northeast Asia $840/MT; CFR Southeast Asia $860/MT Propylene Northeast Asia: FOB South Korea average $750/MT (+$35); CFR China average $800/MT (+$35) North Asia LPG C&F: Propane $589–591/MT; Butane $558–560/MT South China LPG July C&F: Propane $617–627/MT; Butane $554–564/MT Taiwan LPG C&F: Propane $589–591/MT; Butane $558–560/MT   LLDPE USD Prices Film: $920/MT (CFR Huangpu); Injection: $950/MT (CFR Dongguan)   HDPE USD Prices Film: $910–920/MT (CFR Huangpu); Hollow: $860–870/MT (CFR Huangpu)   LDPE USD Prices Film: $1,105–1,130/MT (CFR Yantian); Casting: $1,330/MT (CFR Huangpu)   PP USD Prices Homopolymer: $890–975/MT (CFR Huangpu) (-$5); Copolymer: $965–995/MT (CFR Huangpu) Transparent: $1,120/MT (CFR Huangpu) (+$20); Pipe: $1,160/MT (CFR Shanghai)    

News Digest: Raw Materials - PureCycle Technologies Secures $300M for Global Recycling Expansion Automotive - EU sets phased targets for recycled plastic in vehicles Packaging - Danone Canada invests $9M in PET yogurt cup production Electronics - Midea invests in four new projects in Brazil's Minas Gerais Medical - Sanner Begins Medical Injection Molding Operations in North Carolina Macro - US media: Iran may build nuke if key facilities attacked or supreme leader assassinated Price - Ethylene Asia: CFR NE Asia $830/ton, up $10   International News Details   1.Versalis plans industrial-scale chemical recycling in Italy after demo plant launchVersalis SpA, the chemicals business of Eni Spa, said it is in the design phase for a 40,000 metric tons per year plant planned to be built at Priolo, Italy, for the chemical recycling of mixed waste plastics. The company, which announced June 19 it had successfully completed initial production tests at a demonstration chemical recycling plant in Mantua, Italy, with a nameplate processing capacity of 6,000 metric tons per year of secondary raw materials, said it has already completed a feasibility study for the larger project.    2. PureCycle Technologies Secures $300M for Global Recycling ExpansionU.S.-based polyolefin chemical recycling company PureCycle Technologies Inc. has announced it has secured $300 million in funding. The funds will be used to support the company’s goal of recycling 500,000 tons of polypropylene (PP) plastic annually by 2030. The focus will be on building chemical recycling facilities in Augusta, Georgia (USA); Antwerp, Belgium; and Rayong, Thailand. 3. NOVA Chemicals Commissions Recycling Plant for PE Film in Indiana NOVA Chemicals Corp., based in Calgary, Alberta, Canada, has launched its first polyethylene (PE) film recycling facility, SYNDIGO1, in Connersville, Indiana. Spanning 450,000 square feet, this advanced facility is designed to recycle 145,000 bales of used plastic film annually, producing over 100 million pounds of SYNDIGO recycled PE (rLLDPE) suitable for both food and non-food packaging. Full operations are expected by early 2026. 4. Midea invests in four new projects in Brazil's Minas Gerais Midea announced 198 million reais ($39.6M) in investments across four projects in Minas Gerais, Brazil: a logistics center, Welling motor plant, Midea EPS plant, and new refrigerator factory, creating 830 jobs. Alert! India launches anti-dumping probe into Chinese TPU paint protection filmsIndia's Directorate General of Trade Remedies initiated an anti-dumping investigation into thermoplastic polyurethane (TPU)-based surface/paint protection films from China, covering HS codes 39095000, 39191000, etc. EU sets phased targets for recycled plastic in vehicles The EU Council finalized end-of-life vehicle (ELV) regulations, mandating recycled plastic content to increase from 15% (6 years after enactment) to 20% (8 years) and 25% (10 years), laying groundwork for recycled steel, aluminum, and critical materials targets. Sanner Begins Medical Injection Molding Operations in North Carolina Germany’s Sanner announced today that it has officially begun manufacturing operations in Greensboro, NC. The new 60,000-square-foot facility is dedicated to the production of critical injection-molded components for medical devices and pharmaceutical packaging, as well as desiccant-related products. US toy giants sue president at Supreme Court over tariff policyLearning Resources and hand2mind filed an emergency motion at the Supreme Court, challenging the constitutionality of former President Trump's tariff policies under the IEEPA, which they say have surged import costs for the toy industry. Danone Canada invests $9M in PET yogurt cup productionDanone Canada will invest $9 million at its Boucherville, Quebec plant to locally produce PET yogurt cups for its Oikos Greek-style high-protein yogurt brand. Overseas Macro Updates 【US media: Iran may pursue nukes if key sites attacked or leader killed】 The New York Times reported US intelligence assesses Iran could decide to build nuclear weapons if the US attacks its Fordo enrichment facility or Israel assassinates Supreme Leader Khamenei, though Iran has not yet made a final decision. 【Trump "delays two weeks" on Iran attack decision】The New York Post said Trump is cautious about bombing Iran, worrying about creating "another Libya" if the regime falls, hence delaying the decision by two weeks. 【South Korea imposes provisional anti-dumping duties on Chinese sodium dithionite】South Korea's Ministry of Economy and Finance will levy 15.15% on Yantai Jinhe Insurance Powder Factory and related firms, 33.97% on other Chinese producers, effective June 21 for four months. Price Information 【USD/CNY central parity】  7.1695, up 34 pips (prev: 7.1729; official close: 7.1882; overnight: 7.1870) 【raw materials (USD/ton)】 Ethylene Asia: CFR NE Asia 830 (up 10), CFR SE Asia 850 Propylene NE Asia: FOB Korea avg 715 (up 5), CFR China avg 760 North Asia LPG CIF: Propane 582-584, Butane 552-554 South China LPG July arrival: Propane 619-629, Butane 556-566 Taiwan LPG CIF: Propane 582-584, Butane 552-554 【LLDPE USD Market Prices】 Film: $915/ton (CFR Huangpu) Injection: $960/ton (CFR Dongguan) 【HDPE USD Market Prices】 Film: $900-915/ton (CFR Huangpu) Hollow: $865/ton (CFR Huangpu) 【LDPE USD Market Prices】 Film: $1,035/ton (CFR Xiamen) 【PP USD Market Prices】 Homopolymer: $890-975/ton (CFR Huangpu, up $5/ton) Copolymer: $965-990/ton (CFR Huangpu) Film stock: $1,025-1,090/ton (CFR Huangpu) Transparent: $1,100/ton (CFR Huangpu) Pipe: $1,160/ton (CFR Shanghai)  

On June 16th local time, the Trump Organization announced the launch of its own brand of mobile phone, Trump Mobile, and its first model, the T1, priced at $499 (approximately 3580 RMB). The phone claims to be "designed and manufactured in America," with a golden body embedded with the American flag. It features a 6.8-inch AMOLED screen, 12GB of memory, a 5000mAh battery, and Android 15 system. It primarily emphasizes "patriotism" and "domestic manufacturing." T1 Image source: Trump Mobile However, analysts at Apple Insider note that the device bears a strong resemblance to the T-Mobile REVVL 7 Pro 5G, which is developed and manufactured by Wingtech (the ODM business is affiliated with Luxshare Precision) in China. Therefore, the claim of it being "Made in America" may be disputed. Image source: X T1 and T-Mobile REVVL 7 Pro 5G are highly similar: the screen parameters, the peculiar combination of a 50-megapixel main camera and dual 2-megapixel secondary cameras are completely identical, while the latter...By (WandTechnology) from China,WingtechOEM (Original Equipment Manufacturing)； Production location doubts: Supply chain information shows that the components of the REVVL 7 Pro are produced in factories in Jiaxing, Wuxi, or Kunming, China. Eric Trump, the son of former President Trump, also admitted that "the first batch of phones is not made in the United States." The official website shows that Trump Mobile is now accepting pre-orders for a new phone, with a deposit of $100, expected to be released in August and manufactured in the United States. Industry insiders point out that it is almost impossible for Trump Mobile to establish a domestic smartphone manufacturing system from scratch and deliver a phone priced at $499 in August. So, what are the stories behind this phone? Monocular Vision provides an overview for you. I. Supply Chain Reality: Globalization is Irreversible, "Made in America" is Difficult to Achieve Based on the above analysis, Trump's claim of "made in America" has faced multiple challenges. First of all, there is a shortcoming in the supply chain. The United States lacks a complete mobile phone industry chain. Core chips rely on TSMC for foundry, screens/memory are supplied by South Korea and Japan, and assembly lines are concentrated in China. Even Apple needs a large number of Chinese components. Next is the cost dilemma. Achieving complete localization of smartphones in the United States would require billions of dollars in investment. Analysts point out that the high labor costs in the U.S. make it impossible to establish a system matching China's production capacity in the short term. Perhaps Trump's phone simply wants to adopt a "modular localization" approach: T1 may take the "Chinese components + American back cover printing + local assembly" model to meet the legal minimum standards for the "Made in America" label. II. Behind-the-Scenes OEM: Luxshare Precision's Capital Strategy in Acquiring Wingtech The hardware source of Trump's mobile phone directly points to China's ODM (Original Design Manufacturing) giant Wingtech Technology and its acquirer Luxshare Precision Industry (short for Luxshare): Wingtech is a leading global mobile phone ODM company, having produced for brands such as Samsung, Xiaomi, and OPPO, accounting for approximately 30% of the global ODM market share; due to continuous losses in its ODM business (net loss of 447 million yuan in 2023, and a loss of 850 million yuan in the first half of 2024), it has been forced to divest. The acquirer is Luxshare. In January 2025, Luxshare acquired equity in three companies, including Jiaxing Yongrui Electronics under Wenta, for 616 million yuan; in March 2025, Luxshare further acquired six subsidiaries, including Kunming Wenxun under Wenta, for 5.19 billion yuan, totaling an expenditure of 5.8 billion yuan to integrate its mobile phone ODM assets. Acquisition of Wingtech ODMAfter the business, Luxshare Precision accelerated its layout: Technical integration: absorb Wentai's design capabilities in mid-to-low-end Android models, targeting Southeast Asia and Latin American markets. Diversify risks: Reduce reliance on Apple and enter Samsung and Xiaomi supply chains; Automation Upgrade: Increase R&D in AIoT and Automotive Electronics, Robot Algorithm Engineer Positions to Surge by 479% by 2025. Luxshare's goal is also very clear: to enhance the Android ecosystem's manufacturing capabilities, reduce reliance on Apple (Luxshare is currently the largest manufacturer of AirPods and the second-largest iPhone OEM), and achieve a key strategic shift from contract manufacturing to supply chain control. III. Market Evaluation: Political Symbols Fail to Mask Commercial Challenges As soon as Trump's branded phone was released, it was questioned for its "private label markup": compared to Chinese models with the same configuration, the T1 is priced $250 higher, and it has been criticized for "collecting fan tax." In addition, the accompanying plan "Plan 47" (monthly fee of $47.45) was revealed to have plagiarized the Liberty Mobile user agreement, only replacing the brand name. Currently, 85% of the U.S. smartphone market is dominated by Apple and Samsung, with carriers AT&T and Verizon controlling the channels, and MVNOs (Mobile Virtual Network Operators) holding less than 5% of the market share. Communication services rely on the networks of the three major carriers, and the network stability of Trump Mobile, as a virtual operator, is questionable. In addition, this matter has also sparked some controversy, as the Citizens for Responsibility and Ethics in Washington (CREW) criticized the Trump family for "monetizing political influence," and the brand licensing model has been accused of being a "light asset cash grab." Conclusion Considering the comprehensive supply chain capabilities, cost logic, and industry practices, T1 smartphones cannot achieve "Made in America" from scratch; their promotion is essentially a form of political symbolic marketing, relying on the Chinese supply chain to support commercial implementation. What do you think about this? Feel free to leave a comment.   Editor: Lily Material: Public reports from Unobjective Lab, The Paper, Tencent News, etc.

International News Highlights  Raw Materials News - Westlake Epoxy and Alpha Recyclage Composites to advance composites recycling Automotive News - Toray and partners launch end-of-life aircraft recycling program for composites Machanery News- North American plastics machinery shipments drop again in Q1 2025 Packaging News - Topstar's Whole-Plant Solution Helps North American Customers Achieve Intelligent Upgrades Medical News - Boston Scientific Sells Its Veteran Campus Macro News - Iranian Foreign Ministry Spokesperson Denies "Iran Transmitting Messages to Israel via Cyprus" Price Information - Ethylene Asia: CFR Northeast Asia $790/ton; CFR Southeast Asia $850/ton   Details of International News  Toray and partners launch end-of-life aircraft recycling program for compositesToray Advanced Composites, Daher, and TARMAC Aerosave announce the launch of a joint End-of-Life Aerospace Recycling Program for commercial aircraft production.Working with Airbus, this collaborative initiative will focus on advancing recycling technology practices in aerospace manufacturing by recovering and reusing end-of-life secondary structural components made from continuous fiber-reinforced thermoplastic composites. Westlake Epoxy and Alpha Recyclage Composites to advance composites recycling Corporation announced that Westlake Epoxy will collaborate with Alpha Recyclage Composites to support them in scaling up the recycling capacity for carbon fiber composite materials.This collaboration will provide support to Westlake’s composite customers in their development of improved circular options for both production (scrap or off spec composite materials that otherwise become waste) and end-of-life waste. The recovery of the carbon fibers from composite materials for reuse in new or emerging applications aims to establish a more sustainable alternative to traditional disposal methods such as landfilling and incineration. Borouge Signs $531 Million Logistics Agreement to Enhance Petrochemical Export Capability Petrochemical giant Borouge Plc recently announced the signing of a 15-year, AED 1.95 billion (approximately $531 million) cooperation agreement with ADNOC L&S, a logistics services company under Abu Dhabi National Oil Company (ADNOC), to optimize maritime logistics processes and enhance the UAE's petrochemical export capability. Boston Scientific Sells Its Veteran Campus Recently, according to the official website of CBRE, the world's largest commercial real estate services and investment company, Boston Scientific has put its 24-acre campus in Minnetonka, Minnesota, up for sale. Records show that Boston Scientific has been operating at 10700 Bren Road West since the 1980s and redeveloped it in 2013. The site now features 225,900 square feet (approximately 21,000 square meters) of modern laboratory, office, and warehousing space, long serving as the core function for its medical device manufacturing. Braskem, America's Largest PP Producer, Makes a Major Strategic Shift Considering a challenging environment for the petrochemical industry and a prolonged downcycle-exacerbated by high energy costs and reduced economic activity in Europe-Braskem is redirecting all resources toward its core business: the production of chemicals and plastics. As such, Braskem is divesting from the mechanical recycling joint venture, Upsyde, with Terra Circular, which focused on producing road plates and pallets from post-consumer plastic. Japan's Ethylene Equipment Utilization Rate Remains Depressed for 33 Consecutive Months Recently, statistics released by the Japan Petrochemical Industry Association showed that in April, the domestic ethylene equipment utilization rate in Japan was 78.6%, remaining below the 90% target for measuring prosperity for 33 consecutive months. The prolonged downturn in ethylene equipment utilization shows no sign of improvement. The association stated that in view of changing market conditions and reduced utilization rates due to increased regional production, each enterprise is taking measures to advance structural reforms. In terms of adjusting ethylene production equipment, in addition to the announced plan to close two units in Chiba Prefecture and one unit in Kanagawa Prefecture, in April, three companies in western Japan—Mitsui Chemicals, Asahi Kasei, and Mitsubishi Chemical—merged their two units into one. This will reduce Japan's domestic ethylene production capacity by 30% to approximately 4.4 million tons. Regarding this restructuring, Koji Kudo, President of the Petrochemical Industry Association, said it is unlikely that two or three units will be closed consecutively. Closing these units is meaningless unless environmental protection measures are taken simultaneously. Xycle breaks ground on chemical recycling plant in Rotterdam Xycle has broken ground on its first commercial-scale pyrolysis plant, located in the port of Rotterdam.Dow, ING, Invest-NL, Polestar Capital and Vopak are among the investors in the Dutch chemical recycler . North American plastics machinery shipments drop again in Q1 2025 Economy Market Forecast Plastics Processes Shipments of extruders were strong and increased by double digits year-over-year, but injection molding machine shipments were down. Shipments of injection molding and extrusion machinery in North America fell to US$252.1 million in the first quarter of 2025 from the previous quarter, which is a decline of 17.5 per cent from the last quarter of last year and 4.6 per cent decline year-over-year, according to a new report from the Plastics Industry Association’s Committee on Equipment Statistics (CES). Topstar's Whole-Plant Solution Helps North American Customers Achieve Intelligent Upgrades In a newly built Mexican food packaging factory in North Carolina, the intelligent manufacturing solution provided by Topstar is operating efficiently. Industrial robots flexibly adjust their operation trajectories according to process requirements, and advanced machine vision technology acts as an "electronic eye," significantly improving the production efficiency and product qualification rate of food boxes. This in-depth cooperation originated from the customer's procurement need for single machines. Topstar verified the performance of the solution through on-site testing at the Mexican factory. According to customer feedback, while maintaining high efficiency, the equipment reduces comprehensive costs by approximately one-third compared to similar European and American products. The excellent performance has prompted the customer to continue purchasing, gradually replacing the original equipment.   Overseas Macro Market Information  Iranian Foreign Ministry Spokesperson Denies "Iran Transmitting Messages to Israel via Cyprus" The Tehran Times reported that the Iranian Foreign Ministry spokesperson denied the news that "Iran transmitted messages to Israel via Cyprus." "Iran has not transmitted any messages to Israel through any country, and this claim is completely false," the spokesperson said. Israeli Refinery in Haifa Hit by Iranian Missile, Causing Fire Local time on the 16th, a refinery in Haifa, northern Israel, was hit by an Iranian missile, triggering a large fire. Japanese Finance Minister: Discussing with Markets Is Key to Ensuring Stable Government Bond Trading Japanese Finance Minister Katsunobu Kato said that before the much-watched meeting between the Ministry of Finance and investors, discussing with market participants is a key factor in ensuring stable government bond trading. He stated that as the Bank of Japan reduces its bond purchases, the government needs to find other investors to fill the gap. The Japanese Ministry of Finance plans to hold a meeting with primary dealers on June 20, three days after the Bank of Japan's policy decision, where the central bank is widely expected to slow the pace of reducing bond purchases at this meeting. U.S. Diplomatic Facilities in Israel Damaged in Iranian Attack Local time on the 16th, U.S. diplomatic facilities in Tel Aviv, Israel, were damaged in the missile attack launched by Iran in the early morning of the same day. In the early morning of the day, Iran launched a new round of missile attacks on Israel, and air raid sirens sounded in multiple areas of Israel. South Korea to Submit Supplementary Budget Plan to the Cabinet on June 19 According to Yonhap News Agency, South Korea will submit a supplementary budget plan to the cabinet on June 19. Morgan Stanley Raises Q3 Brent Crude Price Forecast Morgan Stanley: Due to the Israel-Iran conflict, the Q3 Brent crude oil price forecast is raised to $67.50 per barrel.   Price Information  RMB to U.S. Dollar Central Parity RateThe central parity rate of RMB against the U.S. dollar was reported at 7.1789, down 17 points; the previous trading day's central parity rate was 7.1772, the previous trading day's official closing price was 7.1813, and the overnight trading close was 7.1853. Upstream Raw Material US Dollar Market Prices Ethylene Asia: CFR Northeast Asia $790/ton; CFR Southeast Asia $850/ton. Propylene Northeast Asia: FOB South Korea average $720/ton, up $10/ton; CFR China average $760/ton, up $10/ton. North Asia frozen cargo CIF price: Propane $575-577/ton; Butane $543.5-545.5/ton. South China frozen cargo July upper CIF price: Propane $587-597/ton; Butane $534-544/ton. Taiwan region frozen cargo CIF price: Propane $575-577/ton; Butane $543.5-545.5/ton. LLDPE US Dollar Market Prices Film: $915/ton (CFR Huangpu), up $10/ton; Injection molding: $960/ton (CFR Dongguan); HDPE US Dollar Market Prices Film: $900-915/ton (CFR Huangpu), up $5/ton; Hollow: $865/ton (CFR Huangpu); LDPE US Dollar Market Prices Film: $1,035/ton (CFR Xiamen); PP US Dollar Market Prices Homopolymer: $885-935/ton (CFR Huangpu); Copolymer: $955-1,040/ton (CFR Huangpu); Film material: $1,025-1,090/ton (CFR Huangpu); Transparent: $1,085/ton (CFR Huangpu); Pipe material: $1,160/ton (CFR Shanghai).

International News Highlights:   Raw Materials News：Canadian Court Orders NOVA Chemicals to Pay Dow an Additional CAD$1.6 Bilion in Ethylene DisputeAutomotive News：Mitsui Chemicals achieves automation of tank allocation planning through digital transformation Electronics News：Ineos starts cracking recycled plastics feedstock at Lavéra, France Packaging News： BioTech adopts LIMEX Pellet for sustainable detergent packaging in Vietnam Macro News： US officials informed that Israel is fully prepared for military action against Iran Price Information: Propylene Northeast Asia: FOB South Korea average price at US$710/ton, up US$10/ton   Details of International News:   Canadian Court Orders NOVA Chemicals to Pay Dow an Additional CAD$1.6 Bilion in Ethylene DisputeThe long-standing legal battle between chemical giants Dow and NOVA Chemicals Corporation has taken another significant turn, with the Court of King's Bench of Alberta, Canada, issuing a judgment on June 10, 2025, ordering NOVA Chemicals to pay Dow an additional CADS1.620 bilion (approximately $1.2 bilion) in damages. This substantial sum relates to losses Dow incurred from the companies jointly owned ethylene asset located in Joffre, Alberta. Canada. Japanese power giant JERA to increase procurement of US LNGOn June 12, JERA, a Japanese power giant, announced it has signed 20-year agreements to annually procure up to 5.5 million tons of liquefied natural gas (LNG) from four US companies, located in Texas and Louisiana. The company stated this move aims to diversify LNG procurement channels, increasing the proportion of US purchases from approximately 10% to around 30%. Ineos starts cracking recycled plastics feedstock at Lavéra, France Ineos said it has received its first initial batch of pyrolysis oil (pyoil) produced from recycled post-consumer waste plastics for processing into olefins at its steam cracker in Lavéra, France. The specific volume of pyoil received was not given. The company’s Olefins & Polymers Europe business took delivery of the pyoil at Lavéra and will use it to produce virgin-quality polymers, it said in an announcement on June 11. COIM × Ariete creates cycling protective eyewear with 70% biobased TPU materialAriete, a brand under Sandro Mentasti and a leader in ski goggles, motorsport, and cycling equipment, has announced a strategic partnership with COIM, a multinational company specializing in specialty chemicals (mainly producing polyesters, polyols, polyurethanes, and resins for composites and coatings). Together, they have developed a revolutionary product: the Ariete 8K protective eyewear. This new eyewear represents months of joint R&D by Ariete and COIM teams, dedicated to significantly reducing carbon dioxide emissions. The Ariete 8K combines cutting-edge design, superior technical performance, and a firm commitment to environmental sustainability. Additionally, it has passed certification tests for Class II personal protective equipment in accordance with EU Regulation 2016/425 and UNI EN 1938:2010 safety standards, ensuring the highest level of safety for users. Speciality chemicals group launches PFAS-free processing aids ahead of K 2025Ahead of the K 2025 trade fair in Düsseldorf, Germany, Clariant has introduced its AddWorks PPA range – a set of polymer processing aids (PPAs) developed specifically for polyolefin extrusion. The company said that the launch addresses growing regulatory and market pressure to eliminate PFAS substances from plastic additives, particularly in food packaging applications. BioTech adopts LIMEX Pellet for sustainable detergent packaging in Vietnam TBM announced that BioTech has adopted LIMEX Pellet for its detergent packaging. LIMEX Pellet is an eco-conscious material mainly made from inorganic substances like calcium carbonate.  BioTech is known for producing detergents with natural ingredients, prioritizing safety and environmental care. Their flagship products, “Bio Clean” and “Bio Baby,” are free from harmful chemicals. They are trusted by multiple generations for skin safety.   Birch Biosciences Enters into Global Patent License Agreement with NREL to Advance Enzymatic Plastic Recycling Process Birch Biosciences, a startup focused on AI-powered enzymatic plastic recycling, today announced a global patent license agreement with the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) to commercialize a novel enzymatic deconstruction processing technology that breaks down polyethylene terephthalate (PET)—a common plastic used in packaging and textiles—to recover valuable chemical building blocks. Mitsui Chemicals achieves automation of tank allocation planning through digital transformationOn June 12, it was reported that Mitsui Chemicals has developed an automated tool for liquid product tank allocation planning at its Osaka, Japan plant, which was put into use in March 2025. The tool standardizes the previously skill-dependent tank allocation planning work, reducing man-hours by 80%, while enabling faster response to environmental changes and improving planning accuracy. The liquid products produced at the plant need to be stored in multiple tanks. When storing products, considerations and adjustments must be made for tank selection, quality test analysis and inspection time, and delivery time based on orders. This work, known as "tank allocation," requires considering complex factors such as the filling rate and inspection status of each tank, making experienced personnel indispensable.   Overseas Macro Market Information:   US officials informed that Israel is fully prepared for military action against IranMultiple sources told CBS that US officials have been informed that Israel is fully prepared for military action against Iran. The report said the US expects Iran may retaliate against certain US military bases in Iraq, which is part of the reason the US earlier advised some Americans to leave the region. The US State Department has ordered non-emergency personnel at embassies and consulates to evacuate Iraq, citing "escalating regional tensions." Iranian President: Iran will not reach a nuclear deal at any costOn local time June 11, Iranian President Pezeshkian said Iran will not reach a nuclear deal at any cost. Pezeshkian reiterated that Iran will not build nuclear bombs but will not allow anyone to pressure Iran. To stabilize rice prices, Japanese government releases reserve rice againOn local time June 11, the Japanese government launched a new batch of reserve rice releases, with nearly 100 retailers applying to sell rice. The 120,000 tons of reserve rice released on the 11th were all produced in 2021. If all this rice is purchased by retailers, the Japanese government will release 100,000 tons of rice produced in 2020. Foreign investors buy record amount of South Korean bonds in MayAccording to a statement from the Financial Supervisory Service of South Korea, overseas investors net bought 11.34 trillion won (US$8.3 billion) of listed bonds last month, the largest monthly inflow on record, continuing the strong momentum from April. The balance of listed bonds held by foreign investors increased to 300.5 trillion won over the same period. As of June 10, overseas investors have net bought South Korean bonds for 31 consecutive trading days, the longest streak since 2023. UK's goods exports to US drop by record high in AprilOffice for National Statistics (ONS): The drop in UK goods exports to the US in April was the largest on record. The decline in exports to the US "may" be related to Trump's tariffs. UK economy shrinks in April, sounding alarm for StarmerThe UK economy shrank for the first time in six months, sounding an alarm in the ear of Prime Minister Starmer, who is counting on economic growth to fund the government's ambitious spending plans. The Office for National Statistics announced on Thursday that after two months of healthy growth, GDP fell by 0.3% in April, worse than economists' forecast of a 0.1% decline. Services and manufacturing contracted, while construction grew. The data sets a weak tone for economic performance in the second quarter, as businesses and consumers face rising unemployment, heavier tax burdens, and Donald Trump's tariffs.   Price Information:   USD/CNY central parity rateThe central parity rate of USD/CNY was set at 7.1803, up 12 pips; the previous trading day's central parity rate was 7.1815, the previous trading day's official closing price was 7.1858, and the overnight session closed at 7.1890. Upstream raw material US dollar market prices Ethylene Asia: CFR Northeast Asia US$790/ton, up US$10/ton; CFR Southeast Asia US$850/ton. Propylene Northeast Asia: FOB South Korea average price US$710/ton, up US$10/ton; CFR China average price US$750/ton. North Asia frozen cargo CIF price: propane US$540-542/ton; butane US$510-512/ton. South China frozen cargo July arrival price: propane US$598-608/ton; butane US$538-548/ton. Taiwan frozen cargo CIF price: propane US$540-542/ton; butane US$510-512/ton. LLDPE US dollar market prices Film: US$895/ton (CFR Huangpu); Injection molding: US$970/ton (CFR Dongguan). HDPE US dollar market prices Film: US$900-920/ton (CFR Huangpu); Hollow: US$865-870/ton (CFR Huangpu). LDPE US dollar market prices Film: US$1025-1035/ton (CFR Huangpu). PP US dollar market prices Homopolymer: US$885-935/ton (CFR Huangpu), down US$5/ton; Copolymer: US$955-1040/ton (CFR Huangpu), down US$20/ton; Film stock: US$1025-1090/ton (CFR Huangpu); Transparent: US$1085/ton (CFR Huangpu); Pipe material: US$1160/ton (CFR Shanghai).   Editor: Carrie

International News Digest: Raw Materials News - Four Key TiO₂ Metrics Determine Masterbatch Quality​​; Packaging News -AMCOR Fully recyclable wet wipe packaging developed in collaboration with Fedrigoni; Equipment News - German plastic machinery orders fell 21% in 2024 ; Macro News - OPEC+ Quota Hikes Yet to Translate into Significant Output Growth​​; Price Information - The central parity rate of the RMB against the US dollar is 7.1855, down 10 points. International News Details:​​ 1. German plastic machinery orders fell 21% in 2024 Orders for German plastics and rubber machinery fell by another 21% in 2024, adjusted for prices changes, according to official figures from trade group VDMA. 2. AMCOR Fully recyclable wet wipe packaging developed in collaboration with Fedrigoni Packaging manufacturer Amcor has teamed up with speciality paper manufacturer Fedrigoni to launch a fully recycle-ready flexible packaging solution for wet wipes.The product pairs Amcor’s AmPrima Plus flow wrap with Fedrigoni’s patented semi-rigid label to create a mono-material pack that can be recycled in polyethylene recycling streams across Europe.  3. ​​Chanel Is Getting Into the Recycling Business The French luxury giant is launching a new circularity focused venture with investments in waste management and recycling companies, much as it has bought up top-end ateliers in a decades-long push to future-proof its supply chain. 4. ​​Four Key TiO₂ Metrics Determine Masterbatch Quality​​Titanium dioxide (TiO₂), a critical raw material for masterbatch production, directly impacts end-product performance. Industry experts highlight four core quality indicators: whiteness, water-soluble content, dispersibility, and opacity. Whiteness, influenced by hydrolysis control, particle size, and calcination temperature, is paramount for high-end white masterbatches. While some manufacturers use fluorescent brighteners for visual enhancement, their effects are short-lived compared to intrinsic TiO₂ quality. 5. ​​Master Bond Launches UV-Curable Adhesive for Diverse Substrates​​ Master Bond launches Master Bond UV15-7HP, a low viscosity, easy to apply, one-part, UV curable adhesive system. Optimal adhesion is achieved in bond line thicknesses of 0.001-0.003 inch.The adhesive can cure rapidly with a minimum intensity of 20-40 milliwatts/cm2 using a UV light source emitting at a wavelength of 320-365 nm. The material can also be cured in sections up to 0.125 inch thick under appropriate conditions, making it suitable for bonding, sealing, coating, and encapsulation. 6. ​​Masterbatch manufacturer obtains French CSTB certification Spanish masterbatch specialist Delta Tecnic said it has developed a pigment additive, which recently obtained certification from the French organisation providing research, consultancy, testing, and certification services in the construction industry CSTB. 7. Avantium signs PEF offtake agreement with Hoogesteger, a fresh juice producer  Avantium signs PEF offtake agreement with Hoogesteger, a fresh juice producerAvantium N.V. has signed a conditional offtake agreement with Hoogesteger, a producer of fresh cold-pressed juices in the Netherlands. Hoogesteger will purchase the 100% plant-based, recyclable polymer PEF (polyetehylene furanoate) from Avantium’s FDCA Flagship Plant for the use in bottles for its fresh juices made from ultra-fresh vegetables, fruit and fresh herbs.   Global Macro Market Updates:​​ ​​ Morgan Stanley: OPEC+ Quota Hikes Yet to Translate into Significant Output Growth​​Morgan Stanley noted that while OPEC+ may be raising oil production quotas to reactivate idle capacity, actual output growth remains negligible. "Daily quotas increased by ~1 million barrels from March to June, yet tangible production growth is elusive," analysts including Martijn Rats stated. Notably, Saudi Arabia’s output shows no marked rise. ​​U.S. Travel Ban on 12 Nations Takes Effect​​A Trump-era travel ban targeting citizens from over a dozen African and Middle Eastern countries officially commenced at 12 AM ET on Monday, reigniting debates reminiscent of the 2017 policy’s legal turmoil. ​​South Korean Egg Prices Hit 4-Year High​​Per the Korea Rural Economic Institute, the average retail price for 30 large eggs reached KRW 7,026 in May—the highest since July 2021. Prices are projected to climb further through August due to supply constraints. ​​Syria to Rejoin SWIFT System​​Syria’s new central bank governor announced the country will fully reintegrate into the SWIFT payment network within weeks, marking a pivotal step toward economic reentry after 14 years of war and sanctions.   ​​ Price Information: ​​​​ [RMB to USD Central Parity Rate] The central parity rate of RMB against the US dollar was 7.1855, down 10 points; the previous trading day's central parity rate was 7.1845, the previous trading day's official closing rate was 7.1847, and the previous night's closing rate was 7.1947. [US Dollar Market Prices of Upstream Raw Materials] Ethylene in Asia: CFR Northeast Asia 780 USD/ton; CFR Southeast Asia 850 USD/ton. Propylene in Northeast Asia: FOB South Korea average 745 USD/ton; CFR China average 775 USD/ton. North Asia frozen cargo CIF prices: propane 536-538 USD/ton; butane 505-507 USD/ton. South China frozen cargo CIF prices for July: propane 601-611 USD/ton; butane 541-551 USD/ton. Taiwan region frozen cargo CIF prices: propane 536-538 USD/ton; butane 505-507 USD/ton. [US Dollar Market Prices of LLDPE] Film: 870 USD/ton (CFR Qingdao); Injection molding: 970 USD/ton (CFR Dongguan). [US Dollar Market Prices of HDPE] Film: 900-920 USD/ton (CFR Huangpu); Hollow: 865-870 USD/ton (CFR Huangpu). [US Dollar Market Prices of LDPE] Film: 1025-1035 USD/ton (CFR Huangpu). [US Dollar Market Prices of PP] Homopolymer: 890-935 USD/ton (CFR Huangpu); Copolymer: 955-1060 USD/ton (CFR Huangpu); Film grade: 1025-1090 USD/ton (CFR Huangpu); Transparent: 1085 USD/ton (CFR Huangpu); Pipe: 1160 USD/ton (CFR Shanghai).    

International News Digest: Raw Material News-Braskem achieves a significant breakthrough in olefin separation technology! Auto News -Tesla's Market Value Plunges 150 Billion Amid Public Dispute Between Trump and Musk E-News- LK Group's Die-Casting Equipment Lands in North America as Xusheng Group's Mexico Factory Achieves First Production Line Milestone​​Packaging News-DuPont expands medical packaging capacity in Costa Rica Medical  New-LyondellBasell enters agreement for the sale of Aequita olefin/polyolefin assets in  Europe Macro News - Indian Central Bank Cuts Reserve Requirement and Interest Rates Price Information - North Asia Frozen Cargo CIF, Propane 537-539 USD/ton   The following is a detailed report on international news: 1. LyondellBasell enters agreement for the sale of Aequita olefin/polyolefin assets in  Europe LyondellBasell (Rotterdam, the Netherlands; www.lyondellbasell.com) today announced that it has entered into an agreement and exclusive negotiations with AEQUITA (Munich, Germany; www.aequita.com) for the sale of select olefins and polyolefins assets and the associated business in Europe. The sites to be sold have been part of the previously announced European strategic assessment and are located in Berre (France), Münchsmünster (Germany), Carrington (U.K.) and Tarragona (Spain). 2. DuPont Expands Medical Packaging Capacity in Costa Rica DuPont has expanded its sterile operations via an addition to its healthcare manufacturing facility in Heredia, Costa Rica, the company announced today. The 16,000-square-foot expansion enable the production of sterile packaging at the site for the global medical device industry while increasing capacity of existing medical tubing operations, DuPont said. 3. Braskem, olefin separation technology has made a major breakthrough ! Braskem and Ardent Process Technologies ( ' Ardent ' ), the largest polyolefin producer in the Americas, a global market leader and a pioneer producer of industrial-scale biopolymers, announced that the innovative olefin-paraffin separation technology project jointly developed by the two companies has been successfully completed, marking a major breakthrough in polyolefin production efficiency. The two sides started cooperation in November 2020, and the core is to develop and test Ardent 's Optiperm TM membrane technology on a dedicated demonstration device in the Braskem plant. The rigorous development project has successfully achieved key performance indicators, including membrane efficiency, durability and operational stability. 4. Tesla's Market Value Plunges 150 Billion Amid Public Dispute Between Trump and Musk According to foreign media reports,Tesla Inc.′s stockprice plummeted 150 billion in market value in a single day, following a highly publicized feud between U.S. President Donald Trump and Elon Musk, the billionaire CEO of Tesla and former head of the "Government Efficiency Department." 5. SK Chemical, together with the Ministry of Administrative Security of Korea and the local government to create a benchmark model for waste banner recycling SK Chemical announced that the company signed a memorandum of understanding on waste banner recycling cooperation with five local governments and REVELOP, Sejinplus, Kakao and other enterprises in its Ulsan factory in the southern district of Ulsan City, aiming to promote the coordinated development of regions and enterprises. The agreement is a key part of the South Korean Ministry of Administration and Security 's joint local government and enterprise cooperation project to promote a virtuous cycle of waste banners. It aims to convert recycled waste banners into raw materials and reprocess them into new products through chemical technology. 6. Duroflex 3 years recycled 2 million plastic bottles India 's leading brand of sleep solutions Duroflex announces that, to date, it has successfully converted 2 million waste PET plastic bottles into environmentally friendly mattress fabrics. Through this innovative green project, Duroflex not only promotes the recycling of plastic waste in India, but also provides practical solutions for sustainable consumption, further strengthening its leading position in the field of green manufacturing. 7. Heidelberg 's latest financial report : annual sales of 18.7 billion yuan, China contributed nearly 2.5 billion on June 5, Heidelberg officially released its 2024 / 25 financial year ( as of March 31,2025 ) performance report. The report shows that despite the complex market environment, Heidelberg still maintained a steady operating performance and successfully achieved the preset financial goals. Specifically, in the 2024 / 25 fiscal year, Heidelberg achieved sales of 2.28 billion euros ( about 18.7 billion yuan ), and the packaging solution business also showed a positive order growth trend. Its new orders increased by 7 % compared with the previous fiscal year, reaching 1.272 billion euros. 8. LK Group's Die-Casting Equipment Lands in North America as Xusheng Group's Mexico Factory Achieves First Production Line Milestone​​Recently, die-casting equipment supplied by ​​LK Group​​ for ​​Xusheng Group's​​ Saltillo factory in Mexico has completed installation and commissioning, enabling the efficient launch of the customer's first production line. The cross-border delivery (including transportation and installation) was accomplished within five months, successfully replicating the "China Speed" in North America. This milestone signifies the expansion of the two companies' collaboration from China to the global market. As Xusheng Group's strategic partner for nearly two decades, LK Group has driven this initiative through a dual-engine approach of "​​cutting-edge equipment + comprehensive services​​," achieving synergistic overseas expansion of "​​Chinese equipment + Chinese solutions​​" in the North American market. This also demonstrates that LK Group's global service capabilities have ascended to a new level. Overseas macro market information: 【India's central bank cuts the reserve requirement and interest rates.】 The Reserve Bank of India has lowered the benchmark interest rate. The interest rate was lowered by 50 basis points to 5.5%, with an expectation of 5.75%. The Reserve Bank of India lowered the cash reserve ratio by 100 basis points to 3%, with an expectation of 4%. After the reduction in the cash reserve ratio, the yield on India's 10-year government bonds fell by 6 basis points to 6.19%. The yield on India's 5-year government bonds fell by 14 basis points, currently at 5.68%. 【South Korea says it will continue to closely communicate with the U.S. on foreign exchange policy. There is speculation that exchange rates may become a topic in trade negotiations.】 South Korea will continue discussions with the United States on its foreign exchange policy to promote mutual understanding; previously, the U.S. Treasury had placed South Korea on an observation list and called for it to restrain currency intervention. The South Korean Ministry of Finance stated in a Friday declaration that it aims to seek greater understanding in foreign exchange policies through regular communication and ongoing forex consultations with the U.S."Mutual understanding and trust." U.S. and South Korean officials held exchange rate consultations in Milan last month, leading to speculation that the Trump administration is willing to accept a depreciation of the dollar, and the exchange rate may become a topic in trade negotiations. 【The YOY decline in Japan 's exports in the first 20 days of May was affected by the Trump administration 's tariff measures】The Japanese government reported Friday that exports in the first 20 days of May were down 3 % from a year earlier. In contrast, the export volume in the first 20 days of April increased by 2.3 %, and the export volume increased by 2 % throughout April. Exports grew by an average of 6.2 % in the year to April.   Price information: 【CNY to USD central parity】 CNY to USD central parity is 7.1845, up 20 points ; the median price of the previous trading day was 7.1865, the official closing price of the previous trading day was 7.1838, and the previous day and night closing price was 7.1790. 【Upstream raw material USD market price】 Ethylene Asia: CFR Northeast Asia $780/ton; CFR Southeast Asia $850/ton. Northeast Asia Propylene: The FOB Korea average price is $745 per ton; the CFR China average price is $775 per ton. North Asia frozen cargo landed price: propane537-539 USD/ton; Butane 504-506 USD/ton. South China Frozen GoodsThe CIF spot prices in early July: propane at $601-$611 per ton; butane at $541-$551 per ton. Taiwan Region Frozen Goods CIF Price, Propane$537-539/ton; Butane $504-506/ton. 【LLDPE USD market price】 Film: 875 USD per ton (CFR Huangpu); Injection molding: $970 per ton (CFR Dongguan) 【HDPE USD market price】 Film:900-920 USD/ton (CFR Huangpu); Hollow: USD 865-870 / ton ( CFR Whampoa ) 【LDPE USD market price】 Film:$1025-1035/ton (CFR Huangpu) 【PP USD market price】 Uniform aggregation:890-935 USD/ton (CFR Huangpu); Copolymerization:955-1060 USD/ton (CFR Huangpu; Membrane material:USD 1025-1090/ton (CFR Huangpu) Transparent:1085 USD/ton (CFR Huangpu) Pipes:1,160 USD/ton (CFR Shanghai).