People's Daily, Beijing, July 19 (Reporter Sun Boyang) - The reporter learned from the State Administration for Market Regulation (National Standardization Administration) that since the implementation of the national standard for "Biodegradable Plastic Shopping Bags" more than five years ago, in conjunction with the related policies of the national "Plastic Restriction Order," China has reduced approximately 20 billion traditional plastic bags each year, effectively addressing the issue of "white pollution" caused by improper disposal of traditional plastic waste. According to reports, national standards stipulate that the raw materials for biodegradable plastic shopping bags must come from biomass resources or synthetic polymers with biodegradable properties, providing technical support for "carbon reduction." Taking polylactic acid (PLA) as an example, biodegradable plastic shopping bags can reduce overall carbon emissions by 70% compared to traditional PE bags. The cumulative reduction in the use of traditional plastic bags over five years is equivalent to saving 1.2 million tons of petroleum resources and reducing carbon dioxide emissions by 840,000 tons. The use of 20 billion traditional plastic bags each year has significantly reduced the proportion of traditional plastics in urban household waste. A relevant official from the National Standardization Administration stated that the national standards classify biodegradable plastic shopping bags into two categories: those for direct contact with food and those for non-food direct contact. It requires clear labeling on shopping bags indicating the corresponding category, specifications, environmental protection, and safety declarations, aligning with consumers' psychological expectations for green consumption. This promotes the transformation of public environmental awareness from "cognition" to "action," with consumer recognition of "degradable bags" increasing by over 50%, and the willingness to pay for their use rising concurrently. As "degradable bags" become a habitual behavior for citizens shopping in malls, supermarkets, and vegetable markets, the production costs of biodegradable plastic shopping bags have decreased, further promoting the widespread use of "degradable bags." Data from the State Administration for Market Regulation (National Standards Committee) shows that national standards have facilitated the integration of technological innovation and industrial innovation in biodegradable materials. With breakthroughs in biodegradable material technology, the raw material costs of polylactic acid (PLA) and polyhydroxyalkanoates (PHA) have dropped by more than 30% compared to traditional biodegradable plastics, further stimulating production motivation among enterprises. Led by more than 20 leading companies, corresponding industrial clusters have formed in regions such as Zhejiang and Guangdong. From 2020 to 2024, the annual compound growth rate of biodegradable plastic shopping bag production capacity in China has continuously exceeded 20%. By 2024, the total market output will reach nearly 500,000 tons, with a total output value exceeding 10 billion yuan. It is predicted that by 2030, the production of biodegradable plastic bags in China could reach 2 million tons, with the market capacity exceeding 60 billion yuan.

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).

As the construction industry transitions towards sustainability, automation, and digitalization, polymer composites (PCs) combined with 3D printing technology are becoming a significant driving force for innovation in civil engineering. This technology not only enables the efficient fabrication of complex engineering structures but also significantly reduces material waste, offering new possibilities for future infrastructure development. Based on the latest research from the journal *Automation in Construction*, this article systematically explores the current applications, real-world cases, and future development trends of polymer composites in 3D printing, while analyzing existing technical challenges and potential solutions. 1. Material System and Printing Technology 1. Classification of Polymer Matrices In terms of material selection, polymer composites are mainly divided into two categories: thermoplastics and thermosets. Thermoplastic polymers such as PLA, ABS, and PEEK have become the preferred materials for 3D printing due to their recyclability and ease of processing. Among them, PLA, as a biodegradable material, has environmental advantages, but its heat resistance and impact resistance are poor, necessitating performance enhancement through modification techniques. In contrast, ABS, with its excellent impact resistance and higher glass transition temperature, is more suitable for outdoor structural components. High-performance materials like PEEK and ULTEM are widely used in infrastructure projects in extreme environments due to their outstanding high-temperature resistance, mechanical strength, and chemical stability. Thermosetting polymers are formed through photopolymerization techniques (such as SLA/DLP); although they possess excellent heat resistance and dimensional stability, their irreversible cross-linked structure makes recycling difficult, limiting their application in sustainable construction. Additionally, the introduction of recycled polymers like PET and HDPE further reduces environmental burden, but the performance degradation issues caused by multiple processing still need to be addressed. 2. Enhanced Composites In terms of enhanced materials, fiber-reinforced polymer (FRP) composites stand out. Glass fiber (GFRP) has become an ideal choice for cyclic load structures due to its high cost-performance ratio and excellent fatigue resistance. Carbon fiber (CFRP), on the other hand, occupies an important position in precision structural components due to its extremely high strength-to-weight ratio and low thermal expansion coefficient. At the same time, the introduction of natural fibers (such as bamboo and hemp) gives composites biodegradable properties, but issues such as poor moisture resistance and weather resistance still need to be addressed. The addition of particulate reinforcement materials like silica and alumina further enhances the stiffness and wear resistance of the composites, while the introduction of carbon-based materials improves electrical conductivity, providing possibilities for the development of multifunctional structures. 3. Large Component Printing Technology In the field of large component manufacturing, 3D printing technology exhibits unique advantages. Extrusion-based 3D printing (E3DP) is currently the most widely used technology in civil engineering, capable of handling concrete, ceramics, and various thermoplastic materials to meet the manufacturing needs of large-scale structures. The binder jetting technology effectively avoids thermal deformation issues by layer-by-layer binding of powder materials (such as gypsum and cement). The introduction of robotic manufacturing systems (RLFAM) enables support-free printing of complex geometries through multi-axis robotic arms and supports continuous fiber reinforcement, opening new avenues for the manufacturing of high-performance structures. Figure 1 (a) The world's largest polymer 3D printer developed by the Advanced Structures and Composites Center at the University of Maine, (b) The CEAD company Flexbot large-scale robotic 3D printing and milling system. II. Innovative Application Cases Bridge Engineering Practical engineering cases have fully demonstrated the tremendous potential of this technology. In bridge construction, a 6.5-meter span pedestrian bridge in Rotterdam, Netherlands, was made using glass fiber reinforced PET material, achieving a 50% reduction in carbon footprint while showcasing excellent durability. The Liu Yun Bridge project in China utilized ASA-3012 material and completed the printing of a 17.5-meter long bridge in just 35 days, withstanding severe environmental tests thanks to its weather resistance. Figure 2 3D printed fiber-reinforced composite material cases: (a) pedestrian bridge in Rotterdam, Netherlands, (b) pedestrian bridge in the Limerick area, Netherlands, (c) 3D printed FRP components of the Liuyun Bridge, China. 2. Architectural Structure In the field of architecture, the American BioHome 3D project uses 100% wood fiber and bio-resin for printing, completing the entire construction in just 48 hours, with all materials being recyclable. Australia's Jindi modular housing project innovatively uses recycled plastic as its core material, covered with a cement layer, addressing the issue of plastic pollution while meeting fire safety requirements. The 3D-printed houses developed by Azure in Los Angeles can be completed in just 24 hours per 200-square-foot module, while also consuming 150,000 discarded plastic bottles, providing a new approach to urban waste management. Figure 3 3D printed fiber-reinforced composite building: (a) BioHome 3D house developed by the Advanced Structures and Composites Center at the University of Maine, (b) Azur tiny house in the United States. Reinforcement and Seismic Resistance In the field of structural reinforcement, 3D printing technology has also made remarkable contributions. The application of carbon fiber reinforced PLA reinforcement has improved the energy dissipation capacity of concrete beam-column joints after high-temperature damage by 40%. Additionally, concrete slabs reinforced with continuously 3D printed carbon fiber/nylon grids have demonstrated a significant increase in shear modulus, providing a new solution for seismic reinforcement of building structures. Three, Core Challenges However, this technology still faces numerous challenges. Firstly, the layer-by-layer deposition manufacturing method leads to anisotropic mechanical properties of the materials, and insufficient interlayer bonding strength directly affects the load-bearing capacity of the overall structure. Secondly, there are significant environmental durability issues; ultraviolet radiation and moisture erosion can accelerate the aging of natural fiber composites, while the fire ratings of most polymer materials often fail to meet building safety standards. Furthermore, there are bottlenecks in large-scale production; large printing equipment requires substantial space and has low production efficiency, as printing a 5,800-kilogram bridge, for instance, may take continuously 30 days to complete. In addition, the lack of industry standards results in a lack of unified specifications for the design, certification, and quality control of 3D printed structures. Finally, the issue of material recycling urgently needs to be addressed, especially since the closed-loop recycling technology for thermosetting polymers and fiber-reinforced composites is not yet mature. Four. Future Directions Looking to the future, breakthroughs need to be achieved in multiple areas. Process optimization is the primary task; developing multi-axis printing and in-situ consolidation technology is expected to improve interlayer bonding strength, while combining additive manufacturing with traditional subtractive processes can enhance forming precision. The integration of smart materials will endow structures with new functions, such as embedding sensors for health monitoring or using self-repairing polymers to extend service life. The research and development of sustainable materials is also crucial; the promotion and application of bio-based polymers and natural fiber composites will significantly reduce carbon emissions in the industry. For specific application scenarios, such as maritime engineering, customized solutions that are corrosion-resistant and flood-resistant need to be developed. Finally, policy-driven support is essential; establishing a comprehensive performance database and lifecycle assessment standards will provide institutional guarantees for the promotion of technology. V. Conclusion In summary, the 3D printing technology for polymer composites is reshaping the field of civil engineering through its unique capabilities in customized design, lightweight advantages, and rapid construction. Although challenges such as performance consistency, environmental durability, and large-scale production still exist, with advancements in material innovation, process improvements, and the establishment of standard systems, this technology will undoubtedly play a more critical role in future infrastructure development, providing key technical support for achieving a sustainable and high-performance built environment. In practical cases, CFRP composites have achieved tensile strengths of over 500MPa, GFRP's flexural strength can reach 200MPa, and the use of recycled PET materials can reduce virgin plastic consumption by 70%. The production process of bio-based PLA can decrease energy consumption by 60%. Although robotic printing can reduce the cost of complex components by 30%, the current material costs are still higher than traditional concrete, which will be a key area for future breakthroughs.

The Düsseldorf Exhibition Company (Messe Düsseldorf), a global exhibition organizer based in Germany, is launching a new brand called "K-Alliance," aimed at integrating its global exhibitions in the plastics and rubber industry under the same branding, replacing the previous "Global Gate" brand. "Global participants in the plastics and rubber industry need the right platform to directly access markets in growth regions," said Thomas Franken, Director of the K Department. "The Düsseldorf Exhibition Company previously integrated its global business under the 'Global Gate' brand, which is now being upgraded to 'K-Alliance.'" The official statement noted that the new name not only highlights the market access function but also emphasizes the strategic partnerships and alliances within the global trade fair network of the industry. Franken pointed out, "The previous name focused on the Düsseldorf Exhibition Company's role as a 'gatekeeper' to help companies enter potentially lucrative sales markets; whereas the name 'K-Alliance' more clearly focuses on the strong spirit of cooperation and alliance represented by our expanding global network of plastics and rubber-related exhibitions." Currently, K-Alliance encompasses 11 global exhibitions, the largest of which is the K Fair. The 2025 K Fair is scheduled to be held in Düsseldorf from October 8 to 15, with an expected participation of over 3,200 exhibitors showcasing various technologies in the fields of manufacturing, processing, and post-processing. The exhibitions planned for 2026 include: Plastindia in India, Plastics & Rubber Vietnam, Chinaplas in China, Plast Alger in Algeria, Colombiaplast in Colombia, Plastics & Rubber Thailand, and Central Asia Plast World in Kazakhstan. The Arabplast exhibition is scheduled to be held in 2027 in the United Arab Emirates. The latest member of the alliance is the "Saudi Plastics & Petrochem Exhibition," which will be held from April 12 to 15, 2026, in Riyadh, Saudi Arabia. The Saudi Print & Pack Exhibition will also be held concurrently.

According to the China Trade Relief Information Network, on July 16, 2025, the Turkish Ministry of Trade issued announcement No. 2025/15, stating that the anti-dumping measures on waterproof tarpaulins made of polyethylene and polypropylene originating from China and Vietnam, as well as similar polymer plastic products [in Turkish: Polietilen ve polipropilenden mamul şerit veya benzerlerinden dokunmuş mensucat (yalnız dokuma brandalar)], will expire on May 6, 2026. Interested parties should submit applications and evidence materials for the sunset review investigation no later than three months before the expiration date. The Turkish tax numbers for the products involved 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 publication. On January 11, 2008, Turkey initiated an anti-dumping investigation against waterproof tarpaulin made from polyethylene and polypropylene originating from China and Vietnam, as well as products made from polymer plastics. On November 15, 2008, Turkey made a positive final ruling in the case and began to impose anti-dumping duties on the involved products from China and Vietnam. Subsequently, Turkey conducted two sunset reviews, making positive rulings on November 11, 2014, and May 6, 2021, extending the duration of the duties.

The Critical Chemicals Alliance aims to address supply chain dependencies and market distortions. The EU chemical production faces challenges from cheaper competitors in the United States and China. The European Commission will expand national subsidies and simplify regulations for the chemical industry. Image source: Internet The EU's executive body stated that the European Commission will collaborate with member states and the chemical industry to support the production of chemicals deemed essential for the European industrial supply chain. The European Commission has announced that 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 revive the European chemical industry. The committee stated in a statement that the chemical alliance will "identify key production bases that require policy support and address trade issues such as supply chain dependencies and market distortions." This initiative draws on a previously established alliance that 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. Chemicals are fundamental input materials for almost all industries (from textiles and defense to technology) and directly create 1.2 million jobs within the EU. However, during the COVID-19 pandemic, chemical production significantly declined, and it has still not fully recovered in the face of competitors from the US and China that have significantly lower energy and production costs. Committee officials stated that over the past two years, more than 20 chemical production bases have closed, and petrochemical and ammonia products are "under tremendous pressure." "First, there is the issue of sovereignty: we must protect the steam cracking units," said European Commission Executive Vice President and Industry Commissioner Stephane Sejourne to reporters. The steam cracking unit is a unit in petrochemical plants used to produce basic chemicals such as ethylene and propylene, which are widely used in products like food plastic packaging, rubber, automotive headlights, and fleece hoodies. The European Union currently has about 40 steam cracking units. Chemical giant Dow (DOW.N) announced plans to close two factories in Germany and one in the UK over the next two years. Sai Ruone told reporters that the alliance will assess the EU's dependence on imports in key molecules. "For example, in the case of methanol, we rely 80% on foreign imports. If we look back at the key production bases, we must protect and maintain Europe's sovereignty... Relevant work will identify these critical molecules, and the plan also suggests promoting a mechanism similar to the 'Critical Molecules Act'." In addition, the committee will include chemicals in future trade agreements and strengthen monitoring of chemical imports. Since 2024, the committee has launched 18 trade remedy investigations targeting different molecules. To alleviate the impact of high energy prices, the committee will expand national subsidies, accelerate approval processes, and provide energy security through EU funds. Serone stated that the committee will also establish "EU content" standards for chemicals to be included in public procurement requirements, a measure that is being promoted across the entire EU industry. Finally, the committee will propose the sixth simplification plan for the chemical industry, known as the "omnibus amendment." This amendment is expected to be presented within the year and will simplify the labeling rules for hazardous chemicals and revise regulations related to cosmetics and fertilizers, anticipated to save the industry €363 million (approximately $425.47 million) annually.

On July 17, Hong Kong stocks related to new consumption continued to decline. As of the time of reporting, Pop Mart (09992.HK) fell by over 2.5%, with a transaction volume exceeding 3.2 billion Hong Kong dollars, and the latest market value is 330.6 billion Hong Kong dollars. According to Caixin, on the first trading day after Pop Mart released a positive profit forecast announcement (July 16), the number of shares sold short surged to 2.4956 million, more than six times the 342,000 shares on the previous trading day (July 15), reaching a new high since June 20. Goldman Sachs pointed out in its latest research report that although Pop Mart's performance exceeded the general expectations of sell-side analysts, it may only "roughly meet" the high expectations that buy-side investors had previously raised to very high levels. JPMorgan noted that the net profit growth forecasted by Pop Mart actually falls at the lower end of the previous buy-side expectation range (approximately 4.5 billion to 5.5 billion yuan). Looking back at the development trajectory of Pop Mart, from January 2, 2024, to now, its stock price has increased by over 1000%, with an increase of nearly 200% in 2025 alone. In the first quarter of this year, Pop Mart's performance has shown explosive growth. On April 22, it announced that its overall revenue for the first quarter of 2025 increased by 165%-170% year-on-year, with revenue in China increasing by 95%-100% and overseas revenue increasing by 475%-480%. In terms of revenue by region, the Asia-Pacific (referring to countries and regions in Asia and Oceania excluding China) increased by 345%-350% year-on-year, the Americas increased by 895%-900%, and Europe increased by 600%-605%. At the annual performance briefing held in April, Pop Mart's Chairman and CEO Wang Ning stated that the company's performance growth in 2024 exceeded expectations, mainly due to the successful implementation of its internationalization strategy, which has become the second growth curve for the company. Looking ahead to 2025, the management team is full of confidence, planning to achieve a year-on-year sales growth of over 50% based on the high base in 2024, with overseas sales expected to grow by over 100%. The goal is to reach an overall sales amount of 20 billion yuan, with overseas sales exceeding 10 billion yuan. The expansion of plastic demand behind the tide of trendy toys. The astonishing growth curve of Pop Mart has directly driven a massive demand for high-end plastic materials. The products rely on materials such as PVC and polypropylene.Safety, plasticity, environmental protectionWith stringent standards, the production of plastic products in China has reached 2024.77.076 million tonsThe export value has surpassed the 100 billion US dollar mark.The rise of high-value-added consumer products like Pop Mart is forcing the upstream materials to upgrade. It is particularly noteworthy that Pop Mart's overseas revenue has experienced explosive growth, and its products must comply with strict standards such as the EU REACH regulations. This directly drives the demand for environmentally friendly plasticizers—medical-grade epoxy soybean oil and citrate plasticizers are growing rapidly in the market.8.5%​The average annual growth rate of the expansion is expected to exceed the scale by 2030.12 billion yuan​。 The growing pains of industrial transformation under high environmental pressure. With the global "plastic restriction order" escalating, traditional plastic enterprises are facing a life-and-death test. ​Policy-driven pressureChina's "Plastic Pollution Control Action Plan" clearly restricts highly toxic plasticizers, while the EU REACH regulation establishes high trade barriers. ​Rising costsIn 2025, the industry average gross profit margin will drop from 18% to 15%, and the net profit margin will fall below 6%, putting significant pressure on small and medium-sized enterprises. ​Technical BreakthroughLeading companies like Wanhua Chemical and Jinhai Technology are seizing the opportunity by developing bio-based materials. Jinhai Technology's net profit in the first half of 2025 is expected to grow by 45% to 71% against the trend. The shortcomings of the plastic recycling system have highlighted the urgency of transformation. Currently, the recycling costs are high and the application rate of recycled materials is low, and the industry's circular economy is still in a state of "The road is long and difficult."the critical stage of the battle"。 The polarized industry differentiation of ice and fire. The performance of plastic enterprises in 2025 shows dramatic differentiation. This differentiation confirms the structural transformation in the industry—high-end products can achieve a gross profit margin of over 30% (such as Wanhua Chemical), while general-purpose plastics are mired in a surplus of production capacity. The operating rate of the polypropylene industry has already fallen below70%​However, specialty materials such as metallocene polypropylene and ultra-high transparency polypropylene are still in short supply. Technological breakthroughs lead to the reshaping of industry chain value. The path to a breakup has become clear. ​Biobased alternativesLiancheng Chemical's bio-based plasticizer production capacity will double to 200,000 tons/year, and Wanhua Chemical is planning a citric acid ester production line. ​Specialized breakthroughThe demand for anti-impact copolymer polypropylene driven by new energy vehicles will see the share of environmentally friendly plasticizers in the automotive sector reach 2030.35%​​ ​Digital cost reductionEnterprises that use AI to optimize production have reduced procurement costs.5%-8%​Relieve the pressure of raw material price fluctuations. The stringent requirements of Pop Mart and others for food-grade safety standards and low-carbon materials are being transmitted through the industrial chain, pushing plastic companies from "Price competition"Turn"Technical competition”。 Future Vision: The Double Helix of Green and High-End When Pop Mart plans to achieve in 202520 billion in salesAt this time, behind it is a demand for high-end plastic materials worth hundreds of billions; as Wanhua Chemical accelerates the development of bio-based polyurethane at its R&D center, the upgrading bottlenecks in industries such as trendy toys, healthcare, and new energy are being broken one by one. The future of the plastic industry depends on whether it can...Environmental compliance Technology premiumFind a balance in between. Just as the polypropylene industry has opened up high-end markets through metallocene materials, China's plastic processing industry is now at a point of...World Factory"toward"Source of Innovation"The critical point of the leap. This green revolution is not only related to the survival of enterprises but will also reshape the competitive landscape of global industrial chains."

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);  

The space for differentiation in the main materials of outdoor footwear and clothing with the same positioning is becoming increasingly small. Decorative elements can become one of the carriers of differentiation. Silk screen printing Source: naturalcosmeticlabs Suitable for LOGO. Uses water-based or Plastisol ink; single or multiple color printing, followed by heat transfer for color fixing. The Nike ACG Walk Tree T-Shirt features a large natural theme print on the front, with a soft and breathable feel, making it suitable for urban outdoor mixing and matching. Source: static.nike Polyester/nylon embroidery thread, high stitch count flat embroidery or layered three-dimensional embroidery; or back hot melt film shaping. Commonly used for logos. The classic hard-shell "Arc'teryx Beta AR" front "Arcteryx" embroidery is wear-resistant and does not affect the fabric's waterproof and breathable threshold. Heat transfer label PU/TPU hot melt film, after digital printing or silk screen printing, is heat pressed at high temperatures; suitable for lightweight elastic fabrics. The Moncler reflective heat transfer badge series (such as Waffle Knit sweaters) is widely used in the urban outdoor line and maintains flexibility at low temperatures. Silicone / PVC 3D label Liquid silicone is high-temperature vulcanized or poured into PVC, allowing for a 0.8-2 mm three-dimensional layer; the back is equipped with hot melt adhesive/sewing line groove. The Columbia × Star Wars “Skywalker Pilot” ski jacket features raised silicone communication badges and branding, enhancing the sci-fi attributes while being resistant to low-temperature bending. Woven label / Flag label High-density jacquard or woven; ultrasonic cutting or ultrasonic folding at the edges, Patagonia "Ironclad Guarantee" woven label, highlighting the brand's sustainability and lifelong repair philosophy. Reflective strip / Reflective print 3M™ Scotchlite™ micro glass beads or carbon black elastic film; thermal adhesive or high-frequency pressing. Source: 3M LED/Optical Fiber Light Emitting Component Flexible PCB + LED series, optical fiber, or phosphorescent film; requires a small power module. Vollebak Solar Charged Jacket: The outer layer has a phosphorescent film that glows green in the dark for 20-30 minutes after being exposed to light, which can also serve as a positioning signal. Levi’s® Commuter Trucker × Google Jacquard: Sleeve LED dot matrix alerts for calls/navigation, and integrates capacitive touch fabric. Customized zipper head Injection molding TPU / aluminum alloy micro sandblasting; laser engraving logo. The Arc'teryx Cerium Hoody features a lightweight TPU zipper head that maintains its toughness in low temperatures. Color-blocking splicing / Bright seam stitching Three stitches and five lines or overlock; accessory fabric color blocks. Arc'teryx X Jil Sander jacket features a large black-and-white color block design, enhancing the high street visual. Shoe lace hole / Shoe lace buckle decoration Injection molded TPU film; integrated Quick-lace. The Salomon XT-6 series features a TPU "Skin Guard" spider web overlay and quick lacing holes, balancing protection and recognition. 3D patches (shoulder, elbow, knee) Double-layer CORDURA®, with targeted bartack stitching. Commonly used in ski and ice climbing clothing, enhancing abrasion resistance and creating an outdoor functional visual language. Replaceable Velcro badge Nylon hook and loop + fabric label / PVC badge; embroidery or silicone process. Source: nivisgear Nivis Gear Protego Ski Jacket has sleeves with embedded Velcro, allowing for the exchange of national flags or team badges. Hook and loop / Climbing buckle 6 series aluminum alloy or injection molded POM; webbing loop. Commonly found on backpack shoulder straps and D-Rings on the chest of jackets, used for hanging water bottles, gloves, lights, etc. Source: popularairsoft Outdoor footwear and clothing accessories can be combined with environmental scenarios (night running / snow mountains / urban commuting) and brand tone (minimalist functionality / outdoor fashion) to undertake a multi-dimensional role of "function + experience + brand story." Interested product developers can flexibly mix and match the above materials and craftsmanship to achieve a differentiated appearance while ensuring durability and safety.

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.    

On July 17, news reported that Xiaopeng Motors Vice President @Thomas Electric Train stated today that recent actions are being taken against three individuals who are keen on maliciously slandering and discrediting Xiaopeng. A special team has been established to take more severe actions through comprehensive methods. IT Home includes the original text as follows: It was previously explained that recently, there have been three individuals who are keen on maliciously slandering and discrediting Xiaopeng with their negative rhetoric.Taking action in coordination with relevant departments.。 What everyone sees is just the initial processing.The matter is not over.For those who have long been slandering and attempting to achieve personal gain through various means, we have established a special task force.Give a more severe blow through a comprehensive approach."Don't think that playing word games is harmless; in fact, it is already a serious violation of laws and regulations. Right now, you may not face any consequences, but it could just be because you are still on the road."

Summary: On July 16, a summary of the prices and forecasts for general-purpose and engineering plastics in the market. Most general-purpose materials showed a downward trend, with PE market confidence lacking, falling by 15-29; PP lacked driving force, declining by 2-20; PVC inquiries were dull, dropping by 10-50; PS continued to decline, down by 10-50; ABS transactions were weak, decreasing by 30-60; EVA suppliers controlled the volume of shipments, with prices rising against the trend by 50-100. Engineering materials showed a steady downward trend, with PC weakly oscillating, up or down by 50-200; PBT and PA6 operated weakly, with some dropping by 100; PET, PMMA, POM, and PA66 remained stable.   General Material PE: Market confidence is insufficient, prices are declining. 1. Today's Summary 1. The U.S. sanctions plan against Russia will not be implemented in the short term, and coupled with OPEC+ continuing to increase production, international oil prices have fallen. NYMEX crude oil futures for the August contract are at $66.52, down $0.46 per barrel, a decrease of 0.69%; ICE Brent crude futures for the September contract are at $68.71, down $0.50 per barrel, a decrease of 0.72%. The price change range for the HDPE market is -24 to -15 yuan/ton, the LDPE market price is -29 yuan/ton, and the LLDPE market price is -15 yuan/ton. 2. Spot Overview The market's bearish atmosphere has not changed, and under the characteristics of off-season consumption, inventory pressure is increasing, while the market's price reduction and inventory reduction actions are suppressing the market. As prices continue to decline, transactions have slightly improved. The price change range for the HDPE market is -24 to -15 yuan/ton, the market price for LDPE is -29 yuan/ton, and the market price for LLDPE is -15 yuan/ton. 3. Price Prediction In the short term, regarding costs, there is an expectation for a decline in crude oil prices, which will weaken cost support; in the short term, the LDPE facility in Zhejiang Petrochemical and the LLDPE facility in Shanghai Secco will gradually resume operations, leading to a recovery in market supply. The demand in the agricultural film sector in North China is limited, and the overall supply-demand conflict remains unresolved, so polyethylene prices are still expected to operate weakly. Tomorrow The market price of polyethylene is mainly experiencing a slight decline.   PP: The market lacks obvious driving forces, and polypropylene prices fluctuate weakly. 1 Today's summary ①、 Sinopec Central China PP part adjustment: Sino-Korean low melt copolymer down 70 to 7130; high melt down 50 to 7350; Changling drawn wire and thin wall down 50, drawn wire 7000, thin wall 7300. ②、 Today, the domestic polypropylene shutdown rate remains unchanged from yesterday at 15.86%. The daily production share of yarn has increased by 0.10% from yesterday to 25.81%, while the daily production share of low melt copolymer has decreased by 1.42% from yesterday to 7.92%. ③、 (The supply and demand balance for this period from July 4 to July 10, 2025, remains in a situation where supply exceeds demand.) ， The supply-demand gap remains positive but has slightly decreased, which has somewhat alleviated the negative impact on market sentiment. In the next phase, the supply-demand balance is expected to expand its surplus, which is anticipated to intensify the negative impact on prices. 2 Spot Overview Table 1 Domestic Polypropylene Price Summary (Unit: Yuan/Ton) Market 7 15th of the month 7 16th of the month Change in value Price change percentage Nationwide 7120 7109 -11 -0.15% East China 7093 7091 -2 -0.03% North China 7089 7071 -18 -0.25% South China 7231 7221 -10 -0.14% Central China 7094 7074 -20 -0.28% Southwest 7120 7102 -18 -0.25% Northwest 7008 7008 0 0.00% Key downstream BOPP 8150 8150 0 0.00% Data source: Longzhong Information Based on the East China region, today's polypropylene filament is priced at 7091 yuan/ton, a decrease of 2 yuan/ton compared to yesterday. The national average price for filament is 7109 yuan/ton, down 11 yuan/ton from yesterday, which aligns with morning expectations. Today, the futures market is fluctuating at a low level, with some drops of 10-50 yuan/ton. The market sentiment remains bearish, and traders are offering discounts, leading to a downward shift in the spot prices. The low prices are stimulating buying interest from downstream, and the trading atmosphere in the market is still acceptable. As of noon, the mainstream price for wire rods in East China is between 7020-7160 yuan/ton. Figure 1 Domestic polypropylene price trend (unit: yuan/ton) Figure 2 Domestic Polypropylene Price Trend Chart by Region (Unit: Yuan/Ton) Data source: Longzhong Information Data source: Longzhong Information 3 Price prediction The production capacity of polypropylene continues to expand. Increasing supply pressure Market participants lack confidence in the future, and traders are primarily focused on reducing inventory by offering discounts for sales. The ongoing weakness in demand makes it difficult for the market to generate effective upward momentum, resulting in a lack of active market atmosphere. It is expected that the polypropylene market will continue to operate in a weak manner tomorrow, with mainstream prices for wire drawing in East China fluctuating around 7000-7150 yuan/ton, with a focus on changes in the cost and supply sides.   PVC: PVC inquiries are sluggish, and the price trend is weak. 1. Today's Summary The mainstream ex-factory price of domestic PVC production enterprises using the calcium carbide method has been adjusted down by 20-50 yuan/ton. The maintenance at the Fujian Wanhua plant has been gradually completed. New approach to urban work determined: demolition and reconstruction "makes way for" urban renewal. 2 Spot Overview Table 1 Summary of Domestic PVC Spot Prices (Yuan/Ton) Market Name 2025/07/16 Price change value Price Change Percentage PVC SG-5 4840 -10 -0.21% Yuan/ton   PVC SG-5 4880 -20 -0.41% Yuan/ton   PVC SG-5 4870 -20 -0.41% Yuan/ton   PVC SG-5 4700 -50 -1.05% Yuan/ton   PVC SG-5 4710 -10 -0.21% Yuan/ton   PVC SG-5 4670 0 0% Yuan/ton   Based on the Changzhou market in East China, today the cash price for calcium carbide method five in the East China region is 4840 yuan/ton, a decrease of 10 yuan/ton compared to the previous trading day. 。 The domestic PVC spot market remains subdued, with a clear contradiction between the expected increase in market supply and the lackluster terminal demand. The overall sentiment in the spot market is not optimistic, and the market is expected to maintain a weak state in the short term. In East China, the cash price for carbide-based PVC is between 4800-4920 yuan/ton, while for ethylene-based PVC it is between 4850-5100 yuan/ton. 3 、Price forecast During the week, maintenance schedules for PVC production enterprises have weakened, coupled with new production capacity starting trial runs, leading to a slight increase in market supply expectations. However, demand from downstream is affected by the off-season due to the heat and rainy season, resulting in a lack of orders and inquiries. Exports are also subdued as the market awaits next month's new pricing and developments regarding India's anti-dumping policies. Under the contradiction between supply and demand, market sentiment is weak, causing spot prices to fluctuate downward. In the short term, there are no policies or market expectation data to drive changes, with the anticipated cash price for calcium carbide method five-type in East China expected to be 4750-4850 yuan/ton.   PS: The market continues to decline, and trading is very sluggish. 1 Today's Summary Today, the price of East China GPPS dropped by 100, closing at 7850 yuan/ton. On Wednesday, styrene in the East China market rose by 5 to 7485 yuan/ton, while in South China it fell by 25 to 7565 yuan/ton, and in Shandong it dropped by 80 to 7560 yuan/ton. 2 Spot Overview Table 1 Domestic PS Price Summary (Unit: Yuan/Ton) Market Specifications Today's price Change in value Price fluctuation rate Ningbo East China GPPS - Green Anqing Peak 7850 0 -0.63% Yuyao East China HIPS - Saibolong 8800 -30 -0.56% Shantou South China GPPS - Renxin 7540 -10 0% Shantou South China HIPS - Xinghui 8470 -50 0% According to statistics from Longzhong Information, today the GPPS in East China is stable at 7,850 yuan/ton.The raw material styrene is weakly consolidated, with general cost support. The industry's capacity utilization rate is relatively low, but downstream demand is sluggish, resulting in a slow circulation of market supplies and poor transaction performance. 3 Price prediction Recently, the raw material styrene has fluctuated and declined, with weakened cost support. Industry supply is low, and downstream purchasing mainly remains on a just-in-need basis, leading to a weak price trend in the PS market in the short term. It is expected that the price of toluene in the East China market will be around 7800-8800 yuan/ton.   ABS: Demand off-season, today's market transactions are weak. 1 Today's summary: 1. Today, the prices in the East China market have slightly dropped; in the South China market, prices are declining, and market transactions are driven by just the basic need. In July, the monthly production of ABS is expected to increase compared to the previous month. 2 Spot Overview Table 1 Domestic ABS Price Summary (Unit: Yuan/Ton) Market Specifications 7 15th of the month 7 16th of the month Change value Price change rate Yuyao 15E1 10450 10450 0 0% 750A No price No price No price No price HI-121H 10150 10150 0 0% DG417 10000 10000 0 0% PA-757K 10550 10550 0 0% 0215A 10200 10200 0 0% Dongguan 15E1 9620 9620 0 0% 750A No price No price No price No price 121H 9250 9250 0 0% KF730 9580 9580 0 0% DG417 9430 9370 -60 -0.64% PA-757K No price No price No price No price 0215A 9300 9270 -30 -0.32% Data source: Longzhong Information Based on the regions of Yuyao and Dongguan, the market prices in East China are declining, and the market prices in South China are also declining. Today, the market transactions are very weak, with a sluggish demand season. Traders are offering discounts to sell their goods, and the market performance is lackluster. 3 Price Prediction: Based on the regions of Yuyao and Dongguan, the market prices in East China have slightly declined, and the market prices in South China have slightly declined. Today, the market transaction is weak, and prices are on the decline. With the demand in the off-season and raw material prices dropping, it is expected that ABS prices will continue to fall tomorrow.   EVA: Supplier controls quantity for shipment, market quotations push up prices. 1 Today’s summary This week, the EVA petrochemical ex-factory prices have been stable with a downward adjustment, and there are fewer auctioned goods available, with some soft material grades still experiencing tight spot supply. This week, the EVA petrochemical unit has been operating stably. 2. Spot Overview Table 1 Domestic EVA Price Summary (Unit: Yuan/Ton) Market Brand number 7 15th of the month 7 16th of the month Change value Price change percentage Xiamen Gulei USI-629 10100 10100 0 0.00% Xiamen Rainbow View 6020M 9550 9650 +100 +1.05% Xiamen Yangba 5110J 10500 10500 0 0.00 % Jiangsu Yangba 5110J 10300 10300 0 0.00 % Jiangsu Rainbow View 6020M 9500 9550 +50 +0.54% Jiangsu Photovoltaic 28-25 9400-9700 9400-9700 0 0.00% Data source: Longzhong Information Today, the domestic EVA market reports a firm upward trend. Some grades of foamed soft materials are experiencing tight spot supply, with suppliers controlling the quantity of shipments. Additionally, delays in shipping in certain regions have contributed to the tight spot market. Holders are adjusting their prices upwards while maintaining stability, but downstream factories are resistant to high prices and transactions are still acceptable around lower price levels. Mainstream prices: soft materials reference 9,600-10,300 yuan/ton, hard materials reference 9,500-10,500 yuan/ton. 3 Price prediction In the short term, the supply side of the petrochemical spot supply is slightly tight for some foaming grades, while the photovoltaic inventory is mostly under no pressure. Suppliers are actively pushing prices up, and photovoltaic demand is progressing step by step. The foaming demand is in the off-season, and downstream factories are unlikely to have good order expectations. The supply and demand situation still remains in a tug-of-war. It is expected that the domestic EVA market will maintain a firm and stable trend in the near future. 。   Engineering materials PC: The market is weak and fluctuating. 1 Today's summary Tuesday International crude oil Downward ， ICE crude oil futures for the September contract are at $68.71, down $0.50 per barrel. ②、 Bisphenol A closing price in the East China market is 7875. Yuan/ton, remaining stable month-on-month. ③, Domestic PC factories have no latest factory price adjustment dynamics. 2 Spot Overview Today, the domestic PC market is operating in a narrow range at a low level. As of the afternoon close, the mainstream trading reference for low-end injection molding grade materials in East China is 10,350-13,900 yuan/ton, while mid-to-high-end materials are trading at 14,700-15,300 yuan/ton. Some mid-to-low-end material prices have decreased by 100-200 yuan/ton compared to yesterday. Domestic PC factories have no new factory price adjustment updates, and the online listed prices from Shandong PC factories remain stable compared to yesterday. In the spot market, both East China and South China are experiencing weak consolidation at low levels, with little fluctuation in the fundamentals. Overall bearish pressure remains, and market sentiment is cautious and difficult to uplift. Observing and following operations continue, with downstream purchasing on an as-needed basis being sparse, and the trading atmosphere remains quiet. 3 Price prediction Despite the fact that domestic PC prices are further approaching historical lows, the negative pressure on the industry has not diminished: the overall supply in the industry remains high, and affected by the traditional consumption off-season in July, downstream demand is generally weak, leading to an increasingly severe oversupply situation. Market trading conditions are difficult to improve, and the outlook remains cautious and bearish. It is expected that the domestic PC market will continue to fluctuate downward tomorrow.   PET: Polyester bottle chip market in a stalemate and consolidation 1 Today's Summary 1. Wankai lowered by 20, China Resources increased by 10, other factories remained stable. Unit: Yuan/Ton Today, the domestic polyester bottle chip capacity utilization rate is 71.19%. 2 Spot Overview Table 1 Domestic Polyester Bottle Chip Price Summary (Unit: Yuan/Ton) Market Specifications July 15th July 16 Change in value Price change percentage East China Aquarius Level 5925 5925 0 0% South China Aquarius Level 6000 6000 0 0% North China Aquarius 5930 5930 0 0% Based on the East China region, today's spot price for polyester bottle-grade chips is 5925, unchanged from the previous working day, basically in line with morning expectations. Crude oil continues to decline, raw material prices are fluctuating in a range, and most polyester bottle chip factories are holding their prices steady, with some adjusting by 10-20. The spot price for July cargo is 6010, and for August cargo, it is 5960-6000. The market is in a stalemate. It is heard that the transaction prices for July-August cargo are between 5850-5930, with downstream purchasing interest being weak and trading being light. Unit: Yuan/ton 3. Price Prediction Current market sentiment for goods is cautious and observing, with support from the raw material side continuously weakening. Although spot supply is ample, downstream purchasing willingness is low, resulting in light market trading. In the short term, the polyester bottle chip market is likely to maintain a weak and volatile trend, with the spot price expected to be 5850-5950 (unit: yuan/ton) in the East China market tomorrow.   POM: Market sales are slow, and trading activity is light. 1. Today's Summary The industry's shipments are under pressure. There are many low-priced market quotes. 2 Spot Overview Table 1 Domestic POM Price Summary (Unit: Yuan/Ton) Market Specifications July 15 July 16 Price change value Price change percentage Yuyao Yuntianhua M90 11300 11300 0 0.00% Dongguan Yuntianhua M90 10400 10400 0 0.00% North China Yuntianhua M90 11400 11400 0 0.00% Data source: Longzhong Information Based on the Yuyao region, today YunTianHua M90 is priced at 11,300 yuan/ton, stable compared to the previous period.Today, the POM market is generally stable with slight declines. There is no support from the fundamentals, and some factory prices are at low levels, putting significant pressure on operators. The market's sales situation continues to be weak, and there is little change in transaction activity. 3. Price Prediction Affected by the traditional demand off-season market, the transaction situation in various regions is unlikely to change significantly. Given that the petrochemical plant prices are at a low level, the downward space in the later market is limited. However, there are still some short-selling behaviors in the market, and the trading merchants' quotation focus will continue to decline. The pace of end-user orders is slow, and users' mentality towards taking over is relatively cautious, resulting in overall poor transactions. Longzhong expects that the domestic POM market will operate weakly in the short term.   PMMA: The PMMA market operates steadily with low demand. 1 Today's Summary Today, the factory's quotes are stable. The utilization rate of domestic PMMA particles today is maintained at 64%. 2 Spot Overview Based on the East China region, today's PM MA particles closed at 13,200 yuan/ton, unchanged from the previous working day, in line with morning expectations.Today, the domestic PMMA market is stable with slight fluctuations. The cost of MMA is weakly declining, providing limited support to the PMMA market. A small number of downstream companies are making inquiries based on demand, but actual transactions remain sluggish. There is pressure on suppliers to sell their inventory, and low-priced sources are occasionally reported in the market. The focus of actual trading is on a weak and fluctuating trend. 3 Price prediction The intraday cost side is fluctuating downward, coupled with persistently weak demand, making it difficult for the terminal to see significant improvement. PMMA manufacturers still have intentions to lower prices in the future, and traders are mostly observing, with low willingness to hold positions.   PBT: There is a limited supply of high-priced materials, and the PBT market is operating weakly. 1 Today's summary PBT manufacturers' quotes remain stable. This week, there are more repairs and load reduction operations for the PBT equipment. The PBT production for this period is 21,900 tons, remaining stable compared to the previous period, with a capacity utilization rate of 51.49%, also remaining stable compared to the previous period.This week, the average PBT gross profit in the domestic market is -322 yuan/ton, an increase of 42 yuan/ton compared to the previous week. 。 2 Spot Overview Table 1 Domestic PBT Price Summary (Unit: Yuan/Ton) Market Specification 2025/07/15 2025/07/16 Change value Price change percentage East China Low to medium viscosity pure resin 8100-8500 8100-8400 0/ -100 0%/ -1.18% Key upstream East China PTA 4712 4718 6 0.13% East China BDO (Sprinkling) 8550-8650 8550-8650 0/ 0 0%/ 0% Data source: Longzhong Information Based on the East China region, the mainstream price of medium and low viscosity PBT resin today is 8100-8400 yuan/ton, a decrease of 100 yuan/ton compared to yesterday's price. Today, the PBT market is running weak, the PTA market is adjusting prices, and the BDO market is operating steadily. The trend of raw materials is weak, and there is a strong bearish sentiment in the PBT market, with fewer high-priced sources available in the market. ， According to statistics from Longzhong Information, the price of low to medium viscosity PBT pure resin in the East China market is between 8100 and 8400 yuan per ton. 3 Price prediction The PBT market is expected to remain weak and cautious. On the raw material side, the PTA cost is showing a benign situation, but both supply and demand are weak, leading to a continued stalemate in the short-term PTA futures and spot markets. As the BDO settlement period approaches, market participants are paying more attention to the new policy cycle. With increasing supply and demand pressures, some holders are shifting to a bearish mindset and adopting a narrow profit margin strategy for sales, which may drag down the market’s focus and cause fluctuations. There are expectations of weakening raw materials, and PBT producers generally hold a pessimistic outlook for the future market. The mentality of buying on the rise and not on the fall has led to limited trading volume, with a potential for further weakening in market focus. Therefore, Longzhong expects that tomorrow, the mid-to-low viscosity PBT resin in the East China market will be priced between 8100-8400 yuan/ton.   PA6: Downstream sentiment is cautious with limited demand, and the PA6 market is operating in an adjustment phase. 1 Today's Summary The weekly settlement price for Sinopec caprolactam is 9,095 yuan/ton (six months acceptance interest-free), down 65 yuan/ton from last week. Sinopec's pure benzene prices at refineries in East China and South China have increased by 100 yuan/ton, now set at 5950 yuan/ton, effective from July 11. 2 Spot Overview Table 1 Summary of Domestic Nylon 6 Prices (Unit: Yuan/Ton) Market Specifications 7 15th of the month 7 16th of the month Change in value Payment terms Conventional spun slices of polyamide 6 Factory price (ordinary) 8950-9300 8950-9300 0/0 Cash factory Factory price (high-end) 9400-9800 9400-9700 0/-100 Cash out of factory East China Market (Ordinary) 9150-9500 9150-9500 0/0 Deliver to East China East China Market (High-end) 9400-9800 9400-9700 0/-100 East China self-pickup Nylon 6 high-speed spinning chips East China Spot (Ordinary) 9050-9400 9050-9400 0/0 Spot exchange factory East China Spot (Grade A) 9800-10000 9800-10000 0/0 Acceptance delivery Key upstream Caprolactam East China 8575 8600 +25 Acceptance delivery Data source: Longzhong Information Today, the nylon 6 market is operating with adjustments. The raw material market has seen a slight increase, putting pressure on chip costs. However, downstream enterprises are cautious, and demand is generally moderate, with purchasing mainly focused on just-in-time replenishment. Overall market transactions are average. In East China, the price for conventional nylon 6 is 9,150-9,500 yuan/ton cash on delivery, while the spot price for high-speed spinning is 9,800-10,000 yuan/ton on acceptance for delivery. The price in Chao Lake is 8,500-8,600 yuan/ton for cash and self-pickup. 3 Price prediction From the cost perspective, the caprolactam market may continue to operate in a range, as the cost pressure from chips remains. On the supply and demand side, the operating rate of domestic polymerization enterprises is temporarily stable, and supply is stable. However, the cautious sentiment from downstream leads to generally weak demand. It is expected that the PA6 market will operate in a range in the near term.   PA66: Downstream procurement based on demand, market operating in an orderly manner. 1 Today's summary 1. Longzhong 7/15: The U.S. sanctions plan against Russia will not materialize in the short term, coupled with the ongoing increase in OPEC+ production, leading to a decline in international oil prices. NYMEX crude oil futures for August contract are at $66.52, down $0.46 per barrel, a decrease of 0.69%; ICE Brent oil futures for September contract are at $68.71, down $0.50 per barrel, a decrease of 0.72%. China's INE crude oil futures main contract 2509 dropped by 2.6 to 509.3 yuan per barrel, and in the night session, it fell by 3.7 to 505.6 yuan per barrel. Today, the domestic PA66 capacity utilization rate is 57%, with a daily output of approximately 2,188 tons. Under the pressure of costs and demand, domestic PA66 enterprises have low capacity utilization rates, and the downstream demand is average, leading to a sufficient supply of goods in the domestic PA66 industry. 2 Spot Overview Table 1 Domestic PA66 Price Summary (Unit: Yuan/Ton) Market Specifications 7 15th of the month July 16 Change value Price change percentage East China EPR27 15750 15750 0 0% Key upstream East China Adipic acid 6950 6950 0 0% Data source: Longzhong Information Based on the Yuyao market in East China, today's market price for EPR27 is referenced at 15,700-15,800 yuan/ton, stable compared to yesterday's price. 。 Raw material prices are fluctuating within a narrow range, with stable support from costs. Downstream purchases are made based on demand, and the market supply of goods is sufficient, leading to a steady market operation. 3 Price prediction The terminal market demand is generally low, with downstream procurement based on demand. The supply of goods in the market is sufficient, and the fundamentals are relatively stable. It is expected that the domestic PA66 market will remain stagnant and consolidated in the short term.

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).

GMAX Industrial Company, a medical supplies manufacturer headquartered in Hopewell, New York, and with production operations in China, has decided to establish its manufacturing base in Winston-Salem, North Carolina. This move is seen as a strategic initiative to bring manufacturing back to the United States. Currently, GMAX Industrial Company is selecting a site in the region, planning to establish a production, warehousing, and distribution center. It is reported that the project will create 42 new jobs and a total investment of 15 million dollars over the next five years. The business environment is favorable, and the labor force has outstanding skills. Eric Liu, the President and CEO of GMAX, stated: "In evaluating the site selection for our production base in the United States, Winston-Salem stood out due to its well-developed logistics infrastructure, cost-effective business environment, and high-quality workforce. The region brings together the right talent and resources to support our advanced manufacturing processes, making it an ideal place for business development." Eric Liu also mentioned in a press release from North Carolina Governor Josh Stein's office: "In the process of expanding domestic production capacity in the United States, we have always focused on delivering high-quality, reliable medical products more quickly, more controllably, and more flexibly. By investing in domestic production, we can not only strengthen the supply chain but also create jobs in the U.S. and enhance the resilience of the healthcare system." As a certified Minority Business Enterprise (MBE), GMAX Company's products include a variety of medical plastic products (for bedside use), medical sponges, surgical gowns, surgical drapes, and trays for original equipment manufacturers (OEM). Its L'Ange brand baby products are made from six-layer and nine-layer cotton yarn using the "bubble weaving" process, all supplied in medical-grade packaging. Automated production line configuration GMAX Company will produce a variety of critical medical products at its new factory in Winston-Salem, including surgical towels, gauze, surgical drapes, surgical gowns, and disposable syringes. The new factory will be equipped with highly automated production lines, thus requiring engineering technical talent and skilled production personnel. Additionally, positions will be set up for equipment maintenance, warehousing, quality control, and other roles, with an average annual salary of $63,810. GMAX Industrial Company has received a performance grant of $75,000 from the "North Carolina Integrated Fund." The project has received support from multiple parties, including the North Carolina Economic Development Partnership, the North Carolina Department of Commerce, the North Carolina General Assembly, the North Carolina Community College System, Forsyth Technical Community College, Forsyth County, the City of Winston-Salem, and Greater Winston-Salem, Inc.

Ampacet, a global masterbatch leader,  has introduced ProVital+ Gamma-Protect, a medical-grade additive designed to preserve mechanical and optical properties of polypropylene-based medical and pharmaceutical articles during gamma and e-beam sterilisation processes. PHOTO: Ampacet Gamma and e-beam sterilisation techniques are commonly used by the medical industry to eliminate microorganisms such as bacteria, viruses and spores from medical devices, in-vitro diagnostic equipment and packaging systems. However, gamma and e-beam sterilisation methods are known to alter the optical and mechanical properties of the polymers, including elongation, tensile and impact strength. Ampacet ProVital+ Gamma-Protect is an efficient medical grade additive solution that stabilises polypropylene during gamma or e-beam sterilisation processes and helps to preserve mechanical and optical properties and prevent degradation of the polymer. Applications include medical devices, in-vitro diagnostic equipment and pharmaceutical packaging systems. Ampacet ProVital+ Gamma-Protect has also been successfully pre-evaluated for biocompatibility according to ISO 10993 part 5, 10 and 23 (cytotoxicity, sensitisation and irritation) at a letdown ratio of 5%. Ampacet ProVital+ Gamma-Protect provides full consistency of formulation with a no-change policy for raw materials at CAS and commercial levels, with manufacturing under consistent process parameters and cleanroom production to minimise cross contamination risks.

A study commissioned by the European Plastics Converters (EuPC) shows that if a shift is made from single-use plastic (SUP) pallet wrapping films to reusable solutions, the resulting additional costs could further weaken Europe's competitiveness. EuPC warns that changing SUP pallet packaging could incur huge costs (photo: Smarterpix/Kalinovskiy) The study covers eight key industries, with results indicating that carbon emissions could potentially rise by 1700%, and the estimated annual additional cost could reach 4.9 billion euros. The European Plastics Converters Association points out that the impact within the EU could be even more significant. Due to the EU's Packaging and Packaging Waste Regulation (PPWR), which will set multiple reuse targets for pallet wrapping films starting in August 2026, and allows for exemptions in "specific industries facing special economic constraints," the industry association has commissioned the Belgian sustainability consulting firm RDC to analyze the impact of this transition. The report assessed the economic viability of transitioning from single-use plastic wrap and covers (currently the most commonly used transport packaging) to alternatives that comply with PPWR requirements (such as reusable covers and reusable stackable turnover boxes/pallet boxes), focusing on eight major industrial sectors in the EU: agriculture, cement, construction, dairy, glass, plastics, retail, and water services. For different industries of plastic products, the study selected a 1-liter high-density polyethylene (HDPE) milk bottle (filled), a 25-kilogram plastic granule bag, and a 1.5-liter polyethylene terephthalate (PET) bottle (filled) as analysis objects, corresponding to the dairy, plastics, and water industries. The research data was mainly collected through 4 field visits and 31 interviews, aiming to clarify the functions of various types of pallet packaging and related costs. The results show that if the EU fully transitions to a reusable pallet packaging system in the long term, the annual production cost for milk bottles will increase by 297 million euros (an increase of 2.2%), plastic granule bags will increase by 167 million euros (an increase of 0.3%), and PET bottles will increase by 947 million euros (an increase of 2.7%). The additional costs mainly stem from two aspects: first, the new equipment required at the end of the automated production line, and second, the procurement costs of the reusable packaging itself. The analysis points out that the rising production costs of reusable packaging systems will also impact the EU's "cost-sensitive" export trade. The report mentions: "Operators engaged in export business within and outside the EU may still need to retain the currently globally used disposable pallet packaging systems." This means that, in the short to medium term, manufacturers will need to operate both disposable and reusable systems simultaneously in their production facilities, which will complicate logistics processes, and multiple competing reusable standards will coexist. Due to the current lack of large-scale application of alternative reusable systems, the research results are based on multiple assumptions. RDC Environment Company states that there is "significant uncertainty" in the market regarding the transition from manual operations to automated, optimized reusable systems on a large scale. Therefore, the long-term scenario set in the study is that improved reusable solutions are widely applied and compatible with automated systems. The European Plastics Converters Association previously stated that it plans to use the research results to engage in "constructive dialogue" with European legislators on the formulation of the implementation details of the "Packaging and Packaging Waste Regulation."

International News Digest: Raw Material News: Europe’s Chemicals Sector Suffers Another SetbackAutomotive News: BYD's "Shenzhen" Departs for Europe, Carrying Over 6,800 New Energy VehiclesAdditives News: Clariant ShiftMax™ 100 RE Reverse Water-Gas Shift Catalyst Empowers INERATEC's Pioneering E-Fuel PlantAerospace News: Arkema and Hexcel Achieve Breakthrough in Aerospace Thermoplastic Composite TechnologyMacro News: ING: India Could Be the Next Country to Reach a Trade Deal With the USPrice Information: Central Parity Rate of RMB Against USD Reported at 7.1541, Down 7 Pips   The following are details of international news: 1.Europe’s Chemicals Sector Suffers Another SetbackVynova Announced Today That It Will Cease PVC Production at Its Site in Beek, Netherlands, by November 2025. It’s the Second Shutdown of Europe-Based Chemicals Production Plants Announced in as Many Days: Dow Said Yesterday It Will Close Two Plants in Germany and One in the UK. Challenging Market Dynamics Are Cited as the Reason for These Closures. 2. US EVA Exports Plummeted by 14%! According to the Data of the United States International Trade Commission, the Export Volume of EVA in the US Fell by 14% to 46,000 Tons in the First Quarter of 2025, the Import Volume Fell by 17%, and the Price Fell by 5.6% (the Spot Price of Medium-Grade EVA in Houston Port Fell to USD 1175/ton). Traders Bluntly Said, 'No Goods to Asia', the Focus of Exports Was Forced to Turn to Latin America, Africa and Europe-Middle East-Africa (EMEA) Markets. 3. Clariant ShiftMax™ 100 RE Reverse Water-Gas Shift Catalyst Empowers INERATEC's Pioneering E-Fuel PlantClariant Announced Today That Its ShiftMax 100 RE Catalyst Powers INERATEC's Advanced Power-to-Liquids Fuel Plant "ERA ONE" Located in the Frankfurt-Höchst Industrial Park in Germany. The Facility Was Officially Put Into Operation on June 3, With an Annual Carbon Dioxide Processing Capacity of Approximately 8,000 Tons, Which Can Be Converted to Produce Up to 2,500 Tons of Synthetic Fuels and Wax Products. This Production Scale Makes It One of the World's Largest Operating "Power-to-Liquids" Projects and Establishes the Key Position of the Two Companies in the Field of Sustainable Fuel Technology Innovation. 4.Avantium Signs Bio-Based FDCA Offtake Agreement With PLIXXENT for Use in Insulating Polyurethane Foam Production Avantium, a Leading Renewable and Circular Polymer Materials Company, and PLIXXENT, a Leading Polyurethane Systems Company, Have Signed a Conditional Five-Year Offtake Agreement. Under the Agreement, PLIXXENT Will Purchase FDCA (2,5-Furandicarboxylic Acid) Produced by Avantium's Flagship Plant for the Production of Insulating Polyurethane Foam. PLIXXENT's Evaluation Confirmed That FDCA Performs Excellently in Polyester Polyols and Their Derived Insulating Polyurethane Foams. Compared With Traditional Petrochemical-Based Polyurethane Foams, FDCA-Based Polyurethane Foams Have Significant Environmental Advantages, Meeting the Growing Market Demand for Environmentally Friendly Building Materials. In Addition, They Exhibit Excellent Performance in Key Thermal Insulation Indicators Such as Thermal Conductivity and Flame Retardancy, While Also Providing Excellent Mechanical Strength and Dimensional Stability to Ensure the Long-Term Integrity and Effectiveness of the Foam Structure. 5. Joint Technical Paper to Help Companies With New REACH Labelling Requirement A Group of European Plastics Trade Bodies Have Published Guidance for Businesses in the Run-Up to a New Labelling Regime, Due to Come Into Effect in October This Year, Spelling Out How to Reveal the Level of Microplastics in Certain Products. The Organisations Said the Document Is Designed to Support Polymer Producers, Compounders, Masterbatchers, and Converters as They Prepare for New Labelling Obligations, Which Are to Come Into Effect on 17 October 2025. 6. Arkema and Hexcel Achieve Breakthrough in Aerospace Thermoplastic Composite Technology Recently, Hexcel Showcased New Carbon Fiber-Reinforced PEKK Composite Components Developed in Collaboration With Arkema, Revealing the Breakthrough Progress of Both Parties in the Field of Thermoplastic Composites. The Helues Project, Funded by the German Aerospace Center and Supported by the Bavarian State Ministry of Economic Affairs, Brings Together Partners Such as Airbus Helicopters Germany GmbH, Neue Materialien Bayreuth GmbH, Christian Karl Siebenwurst GmbH & Co. KG, and Incoe Corporation. It Has Pioneered a New Manufacturing Process for High-Temperature Thermoplastic Composites Worldwide, With the Core Technology Being One-Step Molding and Injection Overmolding. The Technology Uses HexPly® Carbon Fiber-Reinforced Kepstan® PEKK Unidirectional Tapes and Kepstan™ PEKK Injection Compounds as Raw Materials, Enabling the Production of a Complex Structural Part With Reinforcing Ribs and Functional Components in as Little as 2 Minutes. 7. BYD's "Shenzhen" Departs for Europe, Carrying Over 6,800 New Energy Vehicles Caixin News Agency Reported on July 9 That the World's Second-Largest Car Carrier — BYD's "Shenzhen" Ro-Ro Ship, Loaded With Over 6,800 BYD New Energy Vehicles, Departed From Shenzhen Xiaomo International Logistics Port for Europe, Scheduled to Call at the Port of Zeebrugge in Belgium. Overseas macro market information: ING: India Could Be the Next Country to Reach a Trade Deal With the US Deepali Bhargava, Head of Asia-Pacific Research at ING, Said That India Will Be the Next Country to Reach a Trade Deal With the US. Trump Recently Stated That the US Is Almost Reaching a Deal With India. Bhargava Said That India Is One of the First Countries to Start Trade Negotiations With the US. India Has Recently Offered Tariff Concessions in Politically and Economically Sensitive Industries Including Agriculture and Dairy Products. If India Makes Some Concessions on Agricultural Product Imports, the Two Countries May Reach an Agreement Soon. IDC: Global PC Shipments Grew 6.5% Year-on-Year in Q2 According to the Latest Preliminary Results of the Global Personal Computing Device Quarterly Tracking Data From the International Data Corporation (IDC), Global PC Shipments Grew 6.5% Year-on-Year in the Second Quarter of 2025, Reaching 68.4 Million Units. Import Tariff Policies Have Begun to Show Effects, and While Demand Remains Strong in Other Regions, Growth in the US PC Market Has Slowed. EU Negotiators Are Close to Reaching a Trade Deal With Trump According to the Financial Times, EU Negotiators Are Close to Reaching a Trade Deal With Trump, Which Will Confirm That the EU Faces Higher Tariffs Than the UK. US to Impose 25% Tariffs on Japan, Ishiba Shigeru Makes Tough Statement: Never Compromise Regarding the US Plan to Impose 25% Tariffs on Japan, Japanese Prime Minister Ishiba Shigeru Said That Japan Will Unite Domestically to Safeguard National Interests and Will Not Compromise on Issues That Cannot Be Compromised, and Will Never Sacrifice Japan's Agriculture. Price information: Central Parity Rate of RMB Against USD: The Central Parity Rate of RMB Against USD Was Reported at 7.1541, Down 7 Pips; the Central Parity Rate of the Previous Trading Day Was 7.1534, the Official Closing Price of the Previous Trading Day Was 7.1732, and the Night Session Closing Price Was 7.1780. Raw Material USD Market Prices: Ethylene Asia: CFR Northeast Asia $820/ton; CFR Southeast Asia $830/ton.Propylene Northeast Asia: FOB Korea Average $740/ton; CFR China Average $785/ton.North Asia Frozen Cargo CIF, Propane $534-536/ton; Butane $504-506/ton.South China Frozen Cargo CIF for Early August, Propane $563-570/ton; Butane $533-540/ton.Taiwan Region Frozen Cargo CIF, Propane $534-536/ton; Butane $504-506/ton. LLDPE USD Market Prices: Film: $875-910/ton (CFR Huangpu), Down $20/ton;Injection Molding: $950/ton (CFR Dongguan). HDPE USD Market Prices: Film: $920/ton (CFR Huangpu);Blow Molding: $855-860/ton (CFR Huangpu).LDPE USD Market Prices:Film: $1,080-1,110/ton (CFR Huangpu);Coating: $1,350/ton (CFR Huangpu). PP USD Market Prices: Homopolymer: $935-980/ton (CFR Huangpu);Copolymer: $965-995/ton (CFR Huangpu);Film Grade: $1,000/ton (CFR Huangpu);Transparent Grade: $1,085/ton (CFR Huangpu);Pipe Grade: $1,160/ton (CFR Shanghai).  

A group of European plastics trade bodies have published guidance for businesses in the run-up to a new labelling regime, due to come into effect in October this year, spelling out how to reveal the level of microplastics in certain products. The EU wants to see a 30% reduction in the amount of microplastics released into the environment by 2030 (Photo: Smarterpix/endewer1.mail.ru) The groups – European Plastics Converters (EuPC), Plastics Europe, the Association of European Manufacturers of Expanded Polystyrene (Eumeps), and European Masterbatchers and Compounders (EuMBC), a sub-group of EuPC – have published a joint technical paper revealing what they say is “clear and harmonised guidance on labelling requirements” under the REACH Restriction on synthetic polymer microparticles – microplastics – and the looming Pellet Loss Prevention Regulation.The organisations said the document is designed to support polymer producers, compounders, masterbatchers, and converters as they prepare for new labelling obligations, which are to come into effect on 17 October 2025.The guidance includes practical recommendations on standardised statements and illustrations – pictograms – along with advice on the placement of information on safety data sheets, labels, and packaging. It will also provide advice on Instruction for Use & Disposal, and generic polymer identification and disclosure thresholds.Back in October 2023, the European Commission proposed a regulation to tackle microplastics pollution resulting from losses of plastic pellets, which it said created the third largest source of unintentional releases of microplastics into the environment across the EU. As part of its zero-pollution plan, the EU wants to see a 30% reduction in the amount of microplastics released into the environment by 2030.

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 Digest: Raw Material News: Grannex: Expansion of Mechanical Recycling Capacity in Germany​ Recycling News: PET/PEF Multi-Layer Bottle Awarded RecyClass Certification​ Automotive News: South Korea's Electric Vehicle Market Turning to Growth​ Macro News: U.S. Government Re-Allows Supply of Jet Engines to China​ Price Information: The Central Parity Rate of RMB Against USD Is 7.1535, Down 12 Points   Details of Global News: 1.Amcor Increases PCR Production to Meet Rising Demand Brands want more recycled plastic content in their packaging, and Amcor's latest investment can help them meet their sustainability and regulatory targets. The company announced an investment in its Nicholasville, KY, facility to increase post-consumer recycled (PCR) packaging production capabilities at precise levels of up to 100% recycled content. 2. GRANNEX：Expansion of Mechanical Recycling Capacity in Germany Mechanical recycler Grannex has invested around EUR 20 mn in expanding its recycling capacity at its Osnabrück site. After testing its proprietary recycling process at a pilot plant, Grannex has now scaled up the technology, the company said. At the beginning of 2025, the first full-scale facility based on this process was completed and has recently entered regular operation with a capacity of 16,000 t/y. Tosaf Launches Antifog Solution for High-Performance Packaging Applications Tosaf launches FogFree™ portfolio, delivering integrated antifog masterbatch solutions for extremely challenging polymers. These antifog compounds prevent droplet formation by modifying surface tension and encouraging a uniform water layer. 4. South Korea's Electric Vehicle Market Turns to Growth, and more Than 10 Electric Vehicles to Be Launched in The Second Half of The Year More than 10 electric vehicles will be launched by domestic and foreign automakers in South Korea in the second half of this year. In the past, the electric vehicle lineup was dominated by sport utility vehicles (SUVs), but in the second half of this year, new models will include electric sedans, hydrogen energy electric vehicles, high-performance vehicles, and personalized custom models (PBV), which is expected to expand the demand group. 5. Solvay Joint Venture Invests in Production Facilities in Chile Peróxidos do Brasil, a joint venture between Solvay and Produtos Químicos Makay (PQM), announced a new strategic investment in its Chilean production unit, reaffirming its commitment to providing excellent supply to customers in various South American markets. The $12 million (10.2 million euros) investment will be used to install a new production unit, enabling the division to expand its product portfolio and better serve all segments of the Andean market. This strategic move strengthens Peróxidos' commitment to sustainability by supporting the gradual reduction of carbon dioxide emissions in its manufacturing processes. Construction will start in the second half of this year after obtaining all permits, with completion planned for 2026. 6. Italian packaging machinery: 2024 turnover exceeds 10 billion euros for the first time Italy's automatic packaging and cartoning machinery industry hit a record high in 2024, with turnover exceeding 10 billion euros for the first time, reaching 10.06 billion euros, a 9% increase from the previous year. These figures were released at the annual general meeting of the Italian Packaging Machinery Manufacturers Association (Ucima), based on the 13th national statistical survey conducted by the Mecs Research Center. The study covers 619 companies in the industry, which employed 40,503 people in 2024 (a 6% increase from 2023) and added 2,284 new jobs. 7. Japan Enforces New Rules for Food-Contact Plastics New rules for plastic foodcontact materials have applied in Japan since June 1, 2025.Japan introduced a Positive List system regulating synthetic resins used in food-contact utensils, containers, and packaging in June 2020 under its Food Sanitation Act. The legislation allowed for a 5-year transition period which has now expired. 8. PET/PEF Multi-Layer Bottle Awarded RecyClass Certification Avantium N.V., a leading company in the field of renewable polymer materials, announced that its PET/PEF multi-layer bottle is fully compatible with the PET recycling system. The European plastic circular economy organization RecyClass evaluated the bottle and officially awarded this certification. Avantium's PEF material (branded as releaf®) can be used in plant-based single-layer bottles and also has significant advantages when compounded with PET to make multi-layer bottles — as a barrier material, PEF can extend product shelf life more effectively than single-layer PET. 9. BYD Suspends Construction Plan of Mexican Automobile Plant Due to geopolitical tensions and uncertainties brought about by U.S. President Donald Trump's trade policies, BYD Co., Ltd., China's largest electric vehicle manufacturer, has shelved its plan to build a large-scale factory in Mexico.​ In an interview in Bahia, Brazil, Li Ke, executive vice president of BYD, stated that the company still has interest in expanding in the Americas but has no timetable for new investments. It is reported that BYD is opening its first factory outside Asia in Bahia, Brazil.​ "Geopolitical issues have a significant impact on the automotive industry," said Li Ke. "Now everyone is re-evaluating their strategies in other countries. We hope to make a decision after the situation becomes clearer."​   Overseas macro market information: Japanese Prime Minister Shigeru Ishiba Says Japan-U.S. Trade Negotiations Are Progressing Steadily Japanese Prime Minister Shigeru Ishiba refuted claims that Japan-U.S. trade negotiations have made little progress. In a televised interview on Thursday, he said: "Negotiations are progressing steadily, there is no doubt about it. The negotiations cover a wide range of areas such as non-tariff barriers, but progress is being made step by step on each issue." However, he did not suggest that an agreement would be reached soon before the July 9 deadline.  U.S. Government Re-Allows Supply of Jet Engines to China On July 3rd local time, Reuters quoted informed sources as saying that the U.S. government has notified General Electric Aerospace that it can resume supplying jet engines to Commercial Aircraft Corporation of China, Ltd. This further indicates that Sino-U.S. trade tensions are easing. Another source quoted by the report said that at least one other aerospace company's export license restrictions to China were also lifted on the same day, but the source declined to name the company. Just the day before, the U.S. government lifted export restrictions on Chinese chip design software and also revoked a restrictive licensing requirement implemented a few weeks ago, paving the way for the resumption of ethane exports to China. Cadence: Resuming EDA Software and Technology for Chinese Customers Cadence's latest announcement shows that on July 2, 2025, the U.S. Department of Commerce's Bureau of Industry and Security (BIS) notified the company that the license requirement for exports to China under the BIS regulations of May 23 was immediately revoked. Cadence is restoring access to EDA software and technology for affected customers in accordance with these updated U.S. export regulations. No further information will be provided at this time. Hong Kong Dollar Hibor Rises Across the Board; Hong Kong Monetary Authority Stepped Up Intervention Earlier Hong Kong dollar interbank offered rates (Hibor) rose across the board as the Hong Kong Monetary Authority bought Hong Kong dollars overnight to defend the linked exchange rate system. The 1-month Hibor rose 15 basis points to 0.86%; the overnight Hibor rose 1 basis point to 0.03%. Both hit a nearly one-week high. The 3-month Hibor rose 8 basis points to 1.78%, the highest level since May 21. Goldman Sachs Lowers U.S. Treasury Yield Forecast, Expects 10-Year Yield to Be 4.20% by the End of the Year Goldman Sachs Group lowered its forecast for U.S. Treasury yields, citing an increased possibility that the Federal Reserve will cut interest rates earlier than expected. They expect the 2-year and 10-year U.S. Treasury yields to be 3.45% and 4.20% respectively by the end of the year, compared with previous forecasts of 3.85% and 4.50%.   Price Information: 【RMB against US Dollar Central Parity Rate】 The central parity rate of RMB against the US dollar is reported at 7.1535, down by 12 points; the central parity rate of the previous trading day was 7.1523, the official closing price of the previous trading day was 7.1611, and the night session closing price of the previous night was 7.1717. 【US Dollar Market Prices of Raw Materials】 Ethylene Asia: CFR Northeast Asia 850 USD/ton; CFR Southeast Asia 860 USD/ton. Propylene Northeast Asia: FOB South Korea average price 745 USD/ton; CFR China average price 795 USD/ton. North Asia frozen cargo CIF price, propane 522-524 USD/ton; butane 495-497 USD/ton. South China frozen cargo CIF price for early August, propane 556-566 USD/ton; butane 521-531 USD/ton. Taiwan region frozen cargo CIF price, propane 522-524 USD/ton; butane 495-497 USD/ton. 【LLDPE US Dollar Market Prices】 Film: 875-930 USD/ton (CFR Huangpu); Injection molding: 940 USD/ton (CFR Dongguan); 【HDPE US Dollar Market Prices】 Film: 910-930 USD/ton (CFR Huangpu); Blow molding: 860-870 USD/ton (CFR Huangpu); 【LDPE US Dollar Market Prices】 Film: 1080-1090 USD/ton (CFR Huangpu); Coating: 1350 USD/ton (CFR Huangpu) 【PP US Dollar Market Prices】 Homopolymer: 935-980 USD/ton (CFR Huangpu); Copolymer: 965-995 USD/ton (CFR Huangpu); Film material: 1000 USD/ton (CFR Huangpu); Transparent: 1085 USD/ton (CFR Huangpu); Pipe material: 1160 USD/ton (CFR Shanghai).