As the import volume of post-consumer recycled plastic (PCR) surges, recyclers claim that this move is harming the American plastic recycling system, and there are allegations that some imported resins may not be genuine recycled materials. A bill currently being advanced in California requires beverage container manufacturers to report the origin of all PCR in their products. Senate Bill 633 (SB 633) will add third-party PCR verification and origin requirements to the regular reporting that producers are required to submit under the state's container deposit system. These reports must be submitted to the California Department of Resources Recycling and Recovery (CalRecycle). The bill was introduced in February by Democratic Senator Catherine Blakespear, who represents parts of San Diego and Orange County. After passing the state Senate in early June, it is now entering the review stage in the state Assembly. At the hearing of the House Natural Resources Committee on July 14, Blakespear elaborated on California's beverage container recycling content regulations, which require that by 2025, PCR accounts for 25% of containers, and by 2030, it reaches 50%. "These goals have driven up the demand for recycled plastics, and currently, most recycled plastics come from out-of-state and international recyclers," Blakespear said. "According to reports, last year saw a record high in imports. However, there is currently no system in place to verify the authenticity of the recycled content claimed by beverage manufacturers." "In fact, recycled plastic, after being processed into pellets or sheets by recyclers, is indistinguishable from new plastic," Blakespear continued, "Recent reports have found that at least some of the plastic imported into the state has new plastic masquerading as recycled plastic." Blakespear pointed out that California already has similar third-party verification requirements for manufacturers using recycled plastic in reusable shopping bags, and at the time this requirement came into effect, most bag manufacturers were unable to prove that their bags were made from recycled materials. "This indicates that we also need a 'trust but verify' model for the recycled plastic in the bottles," she said. The Association of Plastic Recyclers (APR) is the main supporter of the legislation. APR has under its umbrella Resource Recycling, Inc., which is the publisher of Plastics Recycling Update. APR state government relations manager Allison Kustic testified that manufacturers sourcing PCR from overseas is harming recyclers within the state. "California recyclers are indeed struggling to maintain operations because they cannot sell their recycled plastic," she said. Kustic is discussing the necessity of the packaging producer responsibility extension system established by Bill 54 (SB 54). "These policies will collect thousands of pounds of recyclable materials, but if California recyclers cannot sell their products, there will be no businesses left to recycle the materials collected in California, which is a big problem," Kustic added. The American Beverage Association testified against the measure, stating that while the organization supports a recycling component verification system, the origin requirements are concerning. "As long as the resin is certified, its origin is essentially irrelevant to the discussion," said Dennis Albiani, representing the American Beverage Association. He added that the bill places the responsibility for origin information on manufacturers, who "may not have direct knowledge of the source of the materials—we are not bottle manufacturers, we are just companies that fill beverages into bottles." The committee passed the bill with 9 votes in favor and 4 votes against, and the bill has been submitted to the appropriations committee for further review.

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.

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);  

Zhejiang Yuyao's total subsidy reaches 200 yuan per mu; Inner Mongolia Chifeng City's Ningcheng County subsidy reaches 170 yuan per mu; Shandong Guanquan County subsidy is 168 yuan per mu; Guizhou Province Yuqing County subsidy is 90 yuan per mu. Biodegradable film, as a key material to tackle the "white pollution" in farmland and promote green agricultural development, has always been guided and supported by policies and funding in its research, production, and application. In recent years, China has established a policy system that integrates national coordination and local implementation, with supporting funds forming a complete chain of support from scientific research breakthroughs to application promotion, laying a solid foundation for the large-scale application of biodegradable film. 1. National Policy System: From Legal Protection to Standard Norms At the national level, a comprehensive policy framework is established through laws and regulations as well as special plans, which not only clarifies the development direction but also standardizes market order, providing institutional guarantees for the development of biodegradable films. In terms of laws and regulations, support policies are gradually deepening. In 2016, the "Soil Pollution Prevention and Control Action Plan" first proposed to "research and formulate standards for biodegradable agricultural films," paving the way for the standardization of biodegradable film. In 2018, the "Soil Pollution Prevention and Control Law of the People's Republic of China" clearly established the legal status of "the state encourages and supports the use of biodegradable agricultural films" in legal form. In 2020, the "Management Measures for Agricultural Film" further regulated the market, clearly stating that "the production, sale, and use of agricultural films that do not meet mandatory standards are prohibited, and the production and use of fully biodegradable agricultural films are encouraged and supported." It also requires the establishment of a production and sales ledger and a traceability system. In 2023, the Ministry of Agriculture and Rural Affairs, in conjunction with the State Administration for Market Regulation and three other departments, issued a notice on "Further Strengthening the Regulatory Enforcement of Agricultural Film," deploying the investigation and handling of illegal activities related to non-standard agricultural film, in order to block the entry of inferior products into farmland from the source. In addition, the central government's "No. 1 Document" in 2021 and 2022 repeatedly proposed "strengthening the research and promotion of biodegradable agricultural film" and "increasing the promotion of fully biodegradable plastic film," incorporating it into key agricultural work. In terms of standard specifications, the country imposes dual standards to regulate product quality. The current national standard "Fully Biodegradable Agricultural Ground Cover Film" (GB/T 35795-2017) clearly defines core indicators such as thickness, tensile properties, and biodegradation rate (which must completely degrade into CO₂, H₂O, and mineral inorganic salts under specific conditions); at the same time, the Ministry of Agriculture and Rural Affairs promotes the establishment of application technical regulations for different crops and regions, providing a basis for scientific use. 2. National funding support: from scientific research breakthroughs to application demonstrations The country provides support for the technological innovation and application promotion of biodegradable film through special research funding, demonstration project funding, and other means. In the field of scientific research tackling key challenges, the National Key R&D Program provides targeted support for breakthroughs in core technologies. The "14th Five-Year Plan" National Key R&D Program project "Creation and Industrialization of Fully Biodegradable Mulching Materials and Products" (2021YFD1700700) focuses on key technologies such as low-cost modification of core materials like PBAT and PLA, and regulation of degradation cycles. It promotes collaborative efforts among industry, academia, and research institutions, and has helped develop specialized mulching film formulations suitable for different crops such as potatoes and corn. In the application demonstration field, the central government promotes large-scale verification through special pilot projects. In 2022, the Ministry of Agriculture and Rural Affairs and the Ministry of Finance launched a pilot program for the scientific use and recovery of plastic film, aiming to promote 5 million acres of fully biodegradable film in key film usage areas. Starting from 2021, the Ministry of Agriculture and Rural Affairs has established 19 evaluation and application bases for fully biodegradable plastic film in 12 provinces (autonomous regions) including Hebei, Inner Mongolia, and Gansu, conducting field trials to verify the adaptability of different regions and crops. Data on degradation rates, soil impact, and crop yield increases are recorded through field trials to provide "replicable and promotable" practical experiences for promotion in different regions. 3. Financial subsidies: Central support and local enhancements The funding subsidy for biodegradable film adopts a model of "central fixed base, local supplementation," reducing the cost for farmers. The central government has established a basic subsidy for farmland using fully biodegradable film, with a standard of 60 yuan per mu, covering key aspects such as film procurement and application. On this basis, local governments can add additional subsidies according to actual needs (ranging from 30 to 120 yuan per mu), forming a combined support of "central + local." For example, the total subsidy in Yuyao, Zhejiang reaches 200 yuan per mu; in Ningcheng County, Chifeng City, Inner Mongolia, the subsidy reaches 170 yuan per mu; in Guanqu County, Shandong, the subsidy is 168 yuan per mu; and in Yuqing County, Guizhou Province, the subsidy is 90 yuan per mu. These differentiated subsidy policies take into account both the economic level of the region and the local demand for film usage—such as Inner Mongolia and Gansu, which are traditional provinces for film usage, accelerating the process of replacing conventional film with biodegradable film through subsidies. 4. The increase in industry scale helps reduce costs. The expansion of core raw material production capacity and the decrease in prices provide industrial support for the scaled application of biodegradable films. China’s PBAT (the core raw material for biodegradable films) production capacity is rapidly increasing and has reached 1.62 million tons per year. Companies such as Kingfa Technology, Lanshan Tunhe, Ruian Technology, Hubei Yihua, and Donghua Tianye have established large-scale production capabilities. The price of PBAT has dropped from 30,000 yuan/ton in 2021 to around 10,000 yuan/ton by 2025, directly leading to a reduction in the cost of the final application of biodegradable films, further narrowing the price gap with traditional films and creating favorable conditions for its promotion on a larger scale. From the construction of a regulatory framework based on policies and regulations, to financial subsidies that lower application thresholds, and then to industrial upgrades that drive down costs, China has formed a complete system to support the development of biodegradable plastic film. This system not only addresses the issue of "technical feasibility," but also tackles the problem of "high application costs," promoting the transition of biodegradable plastic film from "pilot demonstration" to "scaled application," and providing strong support for the green transformation of agriculture and the management of "white pollution" in farmland.

In June, China's exports grew by 5.8% year-on-year, an increase of 1 percentage point from May, with the month-on-month growth rate approaching the median of the past five years, demonstrating unexpected resilience. The home appliance industry has become a beneficiary of this round of export recovery. The primary reasons for this rebound are the alleviation of tariff pressures resulting from the easing of China-U.S. trade tensions, coupled with structural opportunities arising from adjustments in the global trade landscape. Tariff Delay and Export Recovery: A Game of Time for Space The core driver of the rebound in export growth in June comes from a significant improvement in exports to the United States (as shown in the chart below). The effects of the mutual tariff reductions between China and the U.S. in mid-May became evident in June, leading to a narrowing of the export decline to the U.S. by 18.4 percentage points to -16.1%. This improvement has a clear characteristic of policy lag—typically, it takes 2-3 weeks from tariff adjustments to shipping out from ports, which means the easing of policies in late May is fully reflected in the June data.   It is worth noting that the tariff strategy of the Trump administration exhibits a clear "tiered" characteristic: maintaining a moderate tax rate of 10-20% on large economies, while implementing a high-pressure policy of "20% direct imports + 40% transshipments" on smaller economies with active transshipment trade, such as Vietnam. This differentiated strategy has objectively created a comparative advantage for products like Chinese household appliances. Data shows that from January to June, cumulative exports of household appliances reached 2.21 billion units, a year-on-year increase of 3.5%, with exports to the European Union experiencing rapid growth. The tariff dividends in the home appliance industry: structural beneficiaries emerge. Against the backdrop of an overall recovery in exports, the home appliance industry has performed particularly well. The reasons for this can be analyzed from three dimensions: Firstly, the relative advantages under the tariff gradient. Against the backdrop of the average import tariff in the United States rising to 28.9%, China may only face a basic tariff of 10%, which is significantly more advantageous compared to transshipment countries like Vietnam. This has led to a noticeable improvement in direct trade channels for mature manufacturing industries, such as home appliances, with a significant month-on-month increase in exports of home appliances to the U.S. in June. Secondly, the alternative growth of the EU market. In the first half of the year, China's imports and exports to the EU grew by 3.5%, with outstanding performance in home appliance exports. The share of home appliances imported from China in the EU has exceeded 60% of similar products, reflecting the irreplaceability of China's supply chain. Thirdly, the drive for product structure upgrades. Categories with higher added value, such as smart home appliances and energy-saving products, have seen faster export growth, partially offsetting the price pressure on traditional products. Customs data shows that the export unit price of products with Internet of Things (IoT) functions, such as air conditioners and refrigerators, has increased by 8-12% year-on-year. From Home Appliance Exports to Plastic Demand: Weak Recovery Under Lagged Transmission The export performance of the home appliance industry indirectly reflects the strength of demand for upstream plastics. On average, the cost of plastics accounts for about 15-25% of home appliance products, with large appliances like refrigerators and washing machines using 5-8 kilograms of plastics per unit. Looking ahead, the demand for plastics may exhibit three phased characteristics: In the short term, there is still residual heat in export demand. Data from the first 13 days of July shows a decrease in the number of container ships, but home appliance companies are still accelerating their shipment pace to avoid potential tariff adjustments in August, which provides short-term support for the demand for engineering plastics, ABS, and other materials. In the medium term, the overdraft effect is becoming apparent. As the momentum for "grabbing exports" diminishes and the U.S. inventory cycle enters a phase of reduction, the export growth of home appliances may decline, which will weaken the demand for plastics. In particular, general-purpose plastics such as PP and HDPE used for outer packaging may be the first to be affected. Risks and Variables: The Nonlinear Impact of Tariff Policies It is necessary to be vigilant about the uncertainties in the U.S. tariff policy towards China in early August. If the final tax rate exceeds the expected 10%, or if re-export regulatory policies tighten more than anticipated, it may cause a secondary shock to home appliance exports. In addition, the European Union's Carbon Border Adjustment Mechanism (CBAM) has already included plastic products in its pilot phase, which may increase compliance costs for home appliance companies in the medium to long term.   Author: Zhao Hongyan, Expert in Market Research at Zhuansu Shijie

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

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

International News 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).  

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

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

Global News Digest: Raw Material News- Europe's Largest! BASF Officially Commissions Black Mass Plant​ Auto News- Volkswagen Restructures German Operations: 20,000 Employees Agree to Early Departure Packaging News-Tech Revolutionizes Packaging: Starbucks Launches Compostable Cup Across Europe Electronic News- Smartphone Market Stagnates: Q1 2025 Growth at Just 0.2% Macro News- Mexico to Seek U.S. Exemption from Steel Tariff Hike Price Information-Ethylene Asia: CFR Northeast Asia780 / CFR Southeast Asia850 /   The following are details of international news:   1.Europe's Largest! BASF Officially Commissions Black Mass Plant​ June 3rd​​ – BASF announced the successful commencement of commercial operations at its Black Mass plant in Schwarzheide, Germany. This advanced facility represents a significant milestone for BASF's battery recycling business. It is one of Europe's largest commercial Black Mass plants, with an annual processing capacity of up to 15,000 metric tons of end-of-life lithium-ion batteries and production scrap. This capacity is equivalent to processing approximately 40,000 electric vehicle batteries per year. 2 Sika and Sulzer to establish plastics recycling JV for the construction sector Sika AG (Baar, Switzerland) and Sulzer Ltd. (Winterthur, Switzerland) have signed a memorandum of understanding to establish a joint venture (JV) to advance plastics recycling in the construction industry. The aim is to combine the strengths of both companies: Sika’s extensive expertise in polymer applications and high performance building materials and Sulzer’s leading process knowledge in chemical recycling. The joint venture, based in the Zurich area, will be founded as an independent company, with each partner holding a 50 percent stake. Operational activities will commence in the second half of 2025 with pilot projects in Germany, Austria and Switzerland. 3. Cadbury Launches Packaging with 80% Recycled Plastic​​Recently, Mondelēz International's iconic chocolate brand ​​Cadbury​​ has unveiled a major upgrade in the UK market: its ​​sharing-size chocolate bars​​ will now use new packaging containing ​​80% recycled plastic​​. This initiative not only demonstrates Cadbury’s firm commitment to sustainability but will also annually provide ​​over 300 million chocolate bars​​ with a "green coat."The shift is projected to ​​reduce virgin plastic usage by ~600 metric tons per year​​ — equivalent to the weight of ​​40 double-decker buses​​. This marks ​​the highest proportion of recycled plastic ever used in Cadbury's global packaging 4. Premix Group opens plastics manufacturing plant in North Carolina Premix Group, a global leader in electrically conductive plastics, announced the opening of its state-of-the art US manufacturing facility in Apple Creek, North Carolina. With a $79 Million investment from the Department of Defense (DoD) and Health and Human Services (HHS), this facility represents a major step in securing the domestic supply chain for critical diagnostics and other high-impact applications. 5. Brazilian Billionaire Moves: Battle for Control of Petrochemical Giant Braskem Intensifies Braskem, one of South America's largest petrochemical companies, is at the center of a potential power shift. According to Brazilian financial media, Braskem's major shareholder ​​Novonor​​ has confirmed receiving a ​​non-binding acquisition proposal​​ for the company's controlling stake. The offer comes from an investment fund managed by Brazilian billionaire ​​Nelson Tanure​​, known for high-profile acquisitions. If successful, this move could restructure ownership of one of the Americas' most prominent plastic producers. 6. Volkswagen Restructures German Operations: 20,000 Employees Agree to Early Departure On June 4, Bloomberg reported that ​​Volkswagen AG​​ will cut ~20,000 jobs in Germany through ​​voluntary early departures by 2030​​. At a Wolfsburg workers' assembly, HR Chief ​​Gunnar Kilian​​ stated the company had achieved significant cost reductions at six German plants while implementing layoffs "in a socially responsible manner." As Europe's largest automaker, VW faces rising costs, weak European demand, and fierce competition from Chinese rivals, necessitating production capacity and workforce reductions. 7. Rare Earth Crisis: China’s Export Restrictions Threaten German Auto Production Germany’s ​​Automotive Industry Association (VDA)​​ warned on June 3 that China’s controls on ​​rare earth exports​​ could halt German auto production. VDA President ​​Hildegard Müller​​ noted that slow export license approvals and customs delays are disrupting supplies of critical vehicle components. This marks the first formal warning from Germany’s auto sector about production risks due to rare earth shortages. 8. Tech Revolutionizes Packaging: Starbucks Launches Compostable Cup Across Europe ​​Starbucks​​ has partnered with ​​Metsä Board​​, ​​Transcend Packaging​​, and ​​Qwarzo​​ to launch a ​​home-compostable coffee cup​​ with a plastic-free lid in 10 European countries. The cup features a mineral-based coating (developed by Italy’s Qwarzo) that provides heat/water resistance while enabling recyclability. The fiber-based lid eliminates single-use plastic. Rollout includes Italy, Germany, France, Sweden, Switzerland, Austria, Spain, Portugal, and Hungary. 9. Smartphone Market Stagnates: Q1 2025 Growth at Just 0.2% Per ​​Canalys​​ (now part of ​​Omdia​​), global smartphone shipments grew marginally (0.2%) to ​​296.9 million units​​ in Q1 2025, marking three consecutive quarters of slowing growth as replacement cycles plateau. ​​Samsung​​ led with 60.5M units, followed by ​​Apple​​ (55M, 19% share) and ​​Xiaomi​​ (41.8M, 14%). ​​Vivo​​ (22.9M) and ​​OPPO​​ (22.7M) ranked fourth and fifth.   Overseas macro market information:   【Citigroup: High Upside Potential for Chinese NEV Makers in June​】 ​Citigroup notes that most new energy vehicle (NEV) brands saw ​​week-on-week order recovery​​ last week. Coupled with recent ​​promotional campaigns​​ by automakers, June presents significant upside potential. 【Lee Jae-myung Sworn In as South Korea’s President​】 Lee Jae-myung was formally ​​sworn in​​ as South Korea’s 21st president at the National Assembly on June 4. His term began at 6:21 a.m. local time, following confirmation by the ​​National Election Commission​​.  【Mexico to Seek U.S. Exemption from Steel Tariff Hike】 Mexican Economy Minister ​​Marcelo Ebrard​​ stated Mexico will request a U.S. exemption from the planned 50% steel tariff this week. Ebrard will meet U.S. officials in Washington on Friday and warned Mexico has a "​​Plan B​​" if tariffs proceed. 【AliExpress Opens to Local Merchants in Poland​】 Following Germany, Alibaba’s AliExpress has ​​opened to local Polish merchants​​. Industry sources confirm the move aims to expand local business operations after attracting major Polish enterprises over the past year.  【Canadian Wildfires Spread; Saskatchewan to Evacuate Thousands​】 Wildfires continue to spread across Canada. Saskatchewan’s Premier confirmed ​​thousands more evacuations​​ are imminent in the province’s north, adding to the 9,000 already displaced. Total evacuees may reach ​​15,000​​, with 400+ structures destroyed.  【Vietnam’s Exports Grow 14% YoY in May​】 Vietnam’s May exports rose ​​14% year-on-year​​, with a ​​trade surplus of $4.67 billion​​.    Price information:   【USD/CNY Central Parity Rate​】 Central Parity Rate​​: 7.1886 (down 17 pips) Previous trading day: 7.1869 Official closing price: 7.1895 Overnight settlement: 7.1878 【Upstream Raw Material Prices (USD)】 Ethylene Asia:CFRNortheast Asia780 / CFRSoutheast Asia850 / Acrylic Northeast Asia:FOB Average price in South Korea745 / CFRAverage price in China775 /North Asia frozen cargo CFR, propane545-547 /Ton; Butane514-516 / South China Frozen Goods7FOB price, propane603-613 /Tons; Butane538-548 / The arrival price of frozen goods in the Taiwan region, propane545-547 /Tons; Butane514-516 / 【LLDPE market price（USD）】 Film grade​​:875 / CFRHuangpu); ​​Injection grade：970 / CFRDongguan 【HDPE market price（USD）】 Film grade​​ : 900-920 / CFRHuangpu); Blow molding grade​​:  865-870 / CFRHuangpu) 【LDPE market price(USD)】 ​​Film grade​​:  1025-1035 / CFRHuangpu); 【PP market price（USD）】 Homopolymer​​:  890-935 / CFRHuangpu)(↓15/mt) Copolymerization: 955-1060 / CFRHuangpu; Film grade​​:  1025-1090 / CFRHuangpu); ​​Transparent grade​​:  1085 / CFRHuangpu); ​​Pipe grade​​:  1160 / CFR(Shanghai).  

News Digest: Raw Material News-Huntsman Completes European Maleic Anhydride Strategic Review Auto News-BMW, Mercedes-Mercedes and Volkswagen are in talks with the US Department of Commerce regarding tariffs. Packaging News-CARBIOS Sign procurement contracts with L'Oréal and L'Occitane. Macro News-The court overruled! United States Court of International Trade blocks Trump tariff policy takes effect Price Information-Ethylene Asia:CFR Northeast Asia780 / CFRSoutheast Asia850 /   The following are international news details: 1. Huntsman Completes European Maleic Anhydride Strategic Review Huntsman Corporation (NYSE: HUN) announced today that it has completed the strategic review of its European Maleic Anhydride business. As a result of this review, the Company will close its Maleic Anhydride facility located in Moers, Germany. The closure of the operations at Moers is expected to be complete by the end of the current quarter. In 2024, the European Maleic Anhydride business generated an adjusted EBITDA loss of approximately $10 million. Going forward, the Company intends to serve customers in the European region from its North American facilities located in Pensacola, Florida and Geismar, Louisiana. As a result of the closure of the Moers, Germany facility, Huntsman expects to incur a one-time non-cash asset impairment charge of approximately $75 million during the second quarter of 2025.      2. BASF intends to take over shares in Alsachimie joint venture from DOMO Chemicals BASF and DOMO Chemicals have signed an agreement giving BASF the right to take over DOMO Chemicals’ 49% share of the Alsachimie joint venture, in which BASF currently holds 51%. According to applicable laws, the intended transaction is subject to consultations with the relevant social bodies of Alsachimie, following which both companies would enter into a binding purchase agreement. Pending these consultations, BASF and DOMO Chemicals expect to close the transaction by mid-2025.   3. CARBIOS signs its first biorecycled PET sales contracts with two global cosmetics leaders CARBIOS, a pioneer in the development and industrialization of biological technologies to reinvent the life cycle of plastic and textiles, announces the signature of its first multi-year offtake contracts with L'ORÉAL and L'Occitane en Provence for biorecycled r-PET from its future commercial plant in Longlaville.These commercial contracts confirm the demand from global leading brands for recycled and recyclable PET from enzymatic recycling, which enables them to meet both their circularity and quality objectives for their packaging. 4. Borealis and Borouge expand their global capacity for XLPE and semicon compounds Borealis and Borouge expand their global capacity for XLPE and semicon compoundsAs the global shift to renewable energy accelerates, electricity grid infrastructure needs to keep pace. Borealis and Borouge are responding with a significant expansion of their global capacity for cross-linked polyethylene (XLPE) and semiconductive (semicon) compounds. In this way, they are supporting customers to deliver the power cables essential to distribution and transmission grids.  5. Plugging to July ! Several ports around the world are severely congested On May 28, local time, Jacques van der Meren, chief executive of the Port of Antwerp-Brugge, Belgium, said to the outside world that affected by the US tariff policy, geopolitical tensions, climate change and other factors, ports across Europe, including Antwerp, are facing serious congestion. Industry analysis predicts that the European shipping bottleneck is expected to continue until July, ' it will take 6 to 8 weeks to control the situation '. At the same time, port congestion may be spreading to ports in China and the United States. 6.Balrampur Chini Mills unveils India’s first PLA brand Balrampur Chini Mills (BCML), one of the largest sugar manufacturing companies in India, has launched the country’s first polylactic acid (PLA) brand.The new PLA brand is called ‘Balrampur Bioyug’. Balrampur is the region where the company is located. In Sanskrit, yug’ (युग) means ‘age’, epoch’, or ‘era’, referring to a significant period of time. ‘Bioyug’ therefore stands for ‘bioage’, signifying BCML’s wish to move India into an era of bio-based circularity. 7.Stepan Company Announces Polyol Price Increase for North America effective July 1, 2025 Effective July 1, 2025, or as contracts allow, Stepan will increase the price for STEPANPOL® and TERATE® Rigid Polyester Polyols used in the Americas by $0.05 per pound. This increase is necessary due to the continued escalation in raw material costs. 8. BMW, Mercedes, VW in talks with US over possible tariff deal On May 28, according to media reports, BMW, Mercedes-Benz and Volkswagen are consulting with the U.S. Department of Commerce on tariffs, aiming to reach an agreement in early July. The talks are understood to focus on BMW, Mercedes-Benz and Volkswagen considering investing billions of dollars in the US as part of a potential tariff relief deal. 9. India 's Motherson intends to acquire MarelliRecently, India 's auto parts giant Motherson submitted a takeover offer to Japan 's Marelli to integrate resources through debt restructuring ( 20 % face value acquisition debt ) to impact the world 's top ten. As the controlling shareholder, KKR will write off the equity, and the creditors ' meeting will be held on May 26. Marilyn is the core supplier of Nissan and Stellantis, and its profit margin is expected to increase in 2024. If the deal succeeds, Motherson 's ranking will jump from 14th. In the past 20 years, the group has acquired 45 enterprises, diversified layout covering aviation, medical and other fields, with a market value of $ 15 billion.   Overseas macro market information: 【Federal court rules Trump overstepped authority! U.S. federal court blocks Trump.tariff policy takes effect】 According to CCTV news, on May 28, local time, CCTV reporters learned that the U.S. Federal Court prevented the tariff policy announced by President Trump on April 2, " Emancipation Day, " and ruled that Trump overstepped his authority and imposed comprehensive tariffs on countries that exported more to the United States than imported. The International Trade Court in Manhattan, New York, said that the U.S. Constitution gives the U.S. Congress exclusive power to regulate trade with other countries, and the president 's emergency powers to protect the U.S. economy are not above these powers. The lawsuit was filed by the Center for Freedom and Justice, a non-profit, non-partisan U.S. litigation agency, on behalf of five small U.S. businesses affected by tariffs, the first major legal challenge to Trump 's tariff policy. 【The United States will review all visa holders associated with Harvard University.】 According to senior officials of the U.S. Department of State, in addition to student visas, the U.S. Department of State will also conduct substantive reviews of B-1 business visas, B-2 travel visas and other visas related to Harvard University. The purpose of the investigation is to identify potential security vulnerabilities or other abuses in the visa system. 【 Macy's plans to raise prices Due to the impact of tariffs 】 Macy 's said on May 28 that it lowered its profit forecast for fiscal year 2025 ( beginning Feb. 2 ) due to tariff hikes and plans to raise the price of the goods it sells. Tony Spring, the chief executive of Macy 's, told the media that about 20 % of the products sold by Macy 's are from China. The impact of tariffs alone has led to a reduction in the company 's earnings per share guidance of $ 0.15 to $ 0.4 this fiscal year. In order to hedge the cost rise caused by tariffs, the company will take a targeted approach to raise prices and may stop selling some goods. 【 Japan 's 30-year bond yield rose 8 basis points to 2.98 %】 As Japan 's ultra-long-term debt continued to fluctuate, Japan 's 30-year bond yield rose. The yield of 20-year Treasury bonds rose 5 basis points to 2.445 %. The auction of 20-year and 40-year Treasury bonds was weak, and 30-year Treasury bonds will be auctioned next week. 【Goldman Sachs recommends buying gold and oil as a long-term hedge.】 Goldman Sachs suggests that gold and oil can be used as tools to fight inflation in long-term investment portfolios, and says that gold is attractive as a safe haven when the outside world is worried about the credibility of US institutions and the ability of crude oil to withstand supply shocks. Analysts such as Daan Struyven said that investors using the so-called 60 / 40 portfolio have always been able to maintain an average annual return, while increasing these two commodities in the long-term configuration can reduce risk. 【The EU and the United Arab Emirates officially launched free trade agreement negotiations】 The EU and the United Arab Emirates officially launched bilateral free trade agreement negotiations on 28 th, creating the possibility for the EU to reach the first comprehensive trade agreement in the Gulf region. The European Commission 's member for trade and economic security, Marosh Chevjovic, and the United Arab Emirates ' Minister of State for Foreign Trade, Sani Ben Ahmed Zeyudi reiterated the common vision of reaching an agreement in Dubai on the same day, and reached an agreement on the road map. The substantive negotiations will be launched as early as June. The first negotiation meeting will focus on reducing commodity tariffs, facilitating services, digital trade and investment flows. The two sides will also explore ways to promote trade in strategic areas such as renewable energy, green hydrogen energy and key raw materials.   Price information: 【Central parity rate of RMB against USD】 The central parity rate of the RMB against the US dollar is reported at7.1907, lower13point; previous trading day's central parity rate7.1894, the previous trading day's official closing price7.1907, the day and night market closed at7.1967。 【Upstream raw material USD market prices】 Ethylene Asia:CFRNortheast Asia780 / CFRSoutheast Asia850 / Propylene Northeast Asia:FOBSouth Korea average price750 / CFRChina average price785 / North Asia frozen cargo CIF, propane545.5-547.5 /Ton; butane518.5-520.5 / South China Frozen Goods6Landed cost under moon, propane618-628 /Ton; butane563-573 / The landed price of frozen goods in the Taiwan region, propane545.5-547.5 /Ton; butane518.5-520.5 / 【LLDPEUS dollar market price】 Film:880 / CFRHuangpu Injection molding:970 / CFRDongguan), down20 / 【HDPEU.S. dollar market price】 Film:905-925 / CFRHuangpu), down5 / Hollow865-870 / CFRHuangpu); 【LDPEUS dollar market price】 Film:1025-1040 / CFRHuangpu, It seems like there's a location "Huangpu" followed by a finance term "". However, the term "" alone doesn't form a complete sentence or phrase with "Huangpu". If you intended to convey a specific message or context involving these terms, please provide additional details. Based on the given characters, the direct translation would be: Huangpu, decline/fall. If "Huangpu" is meant to be part of a larger phrase or sentence, more context is needed for an accurate translation.10 / 【PPUS dollar market price】 Homopolymerization:905-950 / CFRHuangpu); Gather together:955-1060 / CFRHuangpu; Membrane material:1025-1090 / CFRHuangpu); Transparent1095 / CFRHuangpu); Pipes:1160 / CFR(Shanghai).

April 25, 2025 The Ministry of Economy and Finance issued Order No. 1125, It has been decided to continue imposing duties on oriented polyester film with a thickness of more than 10 microns originating from China, Indonesia, and Thailand. Impose a five-year anti-dumping tax on films(See attached table), among them,The tax rate in China ranges from 2.50% to 25.04%.The Korean tariff numbers of the products involved are 3920.20.0000 and 3921.90.2000. The measures take effect from the date of the announcement. On January 7, 2013, South Korea initiated an anti-dumping investigation on oriented polypropylene films imported from China, Indonesia, and Thailand. On December 20, 2013, South Korea officially imposed anti-dumping duties on the products from these three countries. Subsequently, South Korea conducted a sunset review, and on August 23, 2019, it made an affirmative ruling and extended the duration of the duty collection. On April 26, 2024, South Korea launched a second sunset review investigation on the products from these three countries. On February 20, 2025, the South Korea Trade Commission made a final ruling on the second sunset review, recommending the continued imposition of anti-dumping duties. Appendix: Final ruling tariff table for the second sunset review of the anti-dumping case on import-oriented polypropylene film from China by South Korea

Introduction: 2025 At the beginning of the year, China's PVC exports surged, with a year-on-year increase of 85% to 610,000 tons in January-February, setting a historical high for the same period. The global stockpiling trend triggered by changes in tariff policies in the US and India, combined with China's price advantages, has led overseas buyers to seize the 'policy dividend period' before the implementation of India's anti-dumping tax, driving a continuous explosion in export orders. Currently, industry inventory is rapidly depleting, and the overlap of the concentrated replenishment window before the rainy season in Southeast Asia and the policy gap in India from March to April is expected to continue the trend of increased exports. However, attention should be paid to the dual pressure that will arise after May from the implementation of BIS certification and the decline in demand during the off-season. Figure 1: Comparison of PVC Export Destinations in China from 2020 to 2024 (Unit: 10,000 Tons)  Data source: Customs, LZINFO From 2020 to 2024, China's PVC export volume has seen significant growth in recent years, gradually transforming from a net importer to a net exporter. The export volume of PVC in China increased from 630,000 tons in 2020 to 2,617,500 tons in 2024, with a compound annual growth rate of 43%. In 2024, China's total PVC exports reached 2,617,500 tons, with the top five trading partners being India, Vietnam, Thailand, Nigeria, and Uzbekistan, accounting for 68% of the total export volume. Figure 2: Changes in PVC Export Volume and Prices for 2024 (Unit: 10,000 tons, Right Axis: USD/ton) Data source: Customs Longzhong Information In 2024, China's PVC export volume is expected to reach 2.62 million tons, an increase of 15% compared to 2023. The export volume in March set a new historical high, while the annual low is expected in July, primarily due to the traditional export off-season and reduced procurement by foreign buyers as they avoid risks ahead of the expiration of India's BIS policy. Figure 3 Annual PVC Export Volume and Price Changes for 2024 (Unit: 10,000 tons, Right Axis: USD/ton) Data source: Customs Longzhong Information From January to February 2025, China's PVC exports showed a significant growth trend: exports in January reached 280,000 tons, climbing to 330,000 tons in February, totaling 610,000 tons for the two months. This represents an 85% year-on-year increase compared to the 330,000 tons in the same period in 2024. The main drivers of this growth include the planned tariff increases by the United States and India's implementation of anti-dumping duties and BIS certification policies, which prompted overseas companies to accelerate their procurement. Starting from October 2024, companies expedited stockpiling to avoid policy risks, resulting in sustained export growth. China's PVC, with an FOB price advantage of $610-660 per ton, is $40-80 per ton lower than other producing regions, further strengthening its international competitiveness.The current industry inventory is accelerating destocking due to increased exports, but risks should be noted: if India's BIS certification policy is strictly enforced, it may suppress demand in the second half of the year. Currently, the backlog of export orders for PVC remains high, coupled with the actual impact of India's anti-dumping duties and BIS certification policies on shipping schedules, which are expected to delay until after May. This means there is still about a two-month policy window for PVC exports to India. It is worth noting that Southeast Asia and India, among other key markets, will enter their traditional rainy season demand lull in May-June. Therefore, overseas buyers are seizing the time window in March-April to restock. The seasonal procurement pattern overlapping with the policy buffer period will drive continuous export shipments of PVC in early二季度, thereby accelerating the domestic industry inventory digestion cycle. (Note: The last part of the original text seems to be cut off or unclear, so I translated up to the point where the sentence structure was still coherent. Please provide the full sentence for a more accurate translation.)

On March 28, the China National Institute of Standardization (hereinafter referred to as the Standardization Institute) officially received APEC approval for the project "Policies, standards, and best practices for recycling of plastic intended to contact with foods to reduce marine plastic waste among APEC economies." This project aims to facilitate in-depth information exchange and knowledge sharing on regulatory models, policies, regulations, standard systems, and practical experiences related to recycled plastics for food contact among APEC economies, promoting coordination and sustainable development among economies, while also providing more models and reference experiences for the global promotion of plastic recycling.Next, the implementing entity of the project, the Agricultural Food Standards Institute of the Standardization Administration, will actively maintain communication and cooperation with various APEC economies and relevant international organizations to jointly promote the implementation of the project, contributing to the green and sustainable development of the food-related products industry.

To strengthen the safety risk control of major hazardous sources of dangerous chemicals and prevent and curb major accidents, the Ministry of Emergency Management has organized the revision of the mandatory national standard "Technical Specification for Safety Monitoring of Major Hazardous Sources of Dangerous Chemicals" (GB 17681-2024), which will be implemented from June 1, 2025.Major hazard sources of hazardous chemicals are characterized by concentrated energy and high safety risks, and accidents can easily lead to mass casualties. This standard integrates lessons learned from major chemical industry accidents both domestically and internationally, along with relevant requirements from "Technical Requirements for Acceptance of Safety Monitoring and Early Warning Systems in Flammable and Explosive Storage Areas" (GB 17681-1999), "General Technical Specification for Safety Monitoring of Major Hazard Sources of Hazardous Chemicals" (AQ 3035-2010), and "Specification for the Setting of On-site Safety Monitoring Equipment for Major Hazard Sources of Hazardous Chemicals" (AQ 3036-2010). It standardizes the definition, connotation, and extension of safety monitoring systems for major hazard sources of hazardous chemicals, and clearly stipulates the relevant requirements for system design, construction, quality acceptance, operation and maintenance, and alarm management.The release and implementation of this standard will further improve the risk control standard system for hazardous chemicals, providing important technical support for effectively managing major safety risks. The Ministry of Emergency Management will subsequently strengthen its promotion and implementation, urging relevant entities to strictly adhere to the standards to ensure their requirements are fully implemented.

Starting from April 1, 2025, the latest national standard "GB13392-2023 Road Transport"Dangerous GoodsThe implementation of Vehicle Markings has been fully enforced, mandating the compulsory update of road transport hazardous goods vehicle markings.The standard specifies the classification, appearance, and dimensions of markings for vehicles transporting dangerous goods by road, as well as technical requirements, test methods, inspection rules, labeling, packaging, and transportation. It also includes requirements for the installation of vehicle markings and maintenance during use. This standard applies to the production and use of markings for vehicles transporting dangerous goods by road; however, it does not apply to markings for vehicles transporting radioactive materials.The new logo has removed the triangular emblem and is divided intoRectangular sign, diamond sign, and special signThree categories.Rectangular sign:It is used to display the basic information of hazardous materials, with the hazard identification number on top and the United Nations number for hazardous goods below.Rhombus signUsed to display the main characteristics and dangers of dangerous goods categories and items.Special signage:Including markings for hazardous materials and high-temperature materials, used to indicate special hazards.The new standards have also optimized and adjusted the usage methods and requirements for the signs.Usage methodThe methods of affixing markings include pasting, bolting or riveting, slotting, and folding. For tank vehicles, it is also permissible to spray-paint diamond-shaped and special markings that meet standard technical requirements onto the tank body using reflective materials.Paste: Translate the above content from Chinese to English and output the translation result directly without any explanationSuitable for smooth and flat vehicle components, such as the body of a van and certain areas of tankers. Use a strong, weather-resistant adhesive to attach the decals, ensuring they adhere tightly and do not come off easily.Bolt or rivet fastening:Suitable for metal vehicle components such as frames and bumpers. Secure the emblem using appropriately sized bolts or rivets, and include washers and nuts to ensure stability.Spray painting:It is applicable only to tank vehicles, using reflective material to paint signs on the tank. Before painting, the surface of the tank needs to be pretreated to ensure that the painted pattern is clear, the lines are smooth, and the reflective effect meets the standards.Wearing requirementsThe signage used should correspond to the hazardous materials information and their associated hazards.It should be ensured that the signs installed on the vehicles are not damaged or detached during transportation.After unloading, vehicles that have eliminated hazards may remove or cover the original signs, those that have not eliminated the hazards should not remove the original signs. When signboards are broken, damaged, or the text and graphics are difficult to recognize, they should be replaced in a timely manner.Different vehicle models installation diagram

The Qingming Festival holiday is approaching, and many provinces have issued restrictions on the transportation of hazardous materials vehicles, prohibiting them from traveling on highways at all times. JiangsuDuring the Qingming Festival period, Jiangsu expressways prohibit the passage of hazardous chemical transport vehicles.Full network ban on traffic at all times。Regular speed limit: 0-6 AM daily ShandongDuring the Qingming Festival holiday, all highways in Shandong Province are prohibited from allowing hazardous materials transport vehicles to pass at all times. The specific ban period is...April 4, 2025, 00:00 - April 7, 2025, 06:00。Regular restrictions: 0-6 o'clock every day BeijingSelf From 0:00 on April 4, 2025 to 24:00 on April 6, 2025Dangerous goods transport vehicles (including dangerous goods transport vehicles holding the "Pass for Road Transport of Highly Toxic Chemicals") are prohibited from driving on expressways within the administrative region of Beijing.Routine restriction: 0-6 AM daily HebeiFrom 0:00 on April 4, 2025 to 24:00 on April 6, 2025Prohibit the transportation of hazardous materials vehicles (including those holding the "Road Transport Permit for Toxic Chemicals") from traveling on highways within the administrative region of Hebei Province. Regular restrictions: 0-6 o'clock every day TianjinFrom 0:00 on April 4, 2025, to 24:00 on April 6, 2025.Dangerous goods transport vehicles (including vehicles with the 'Report Certificate for Designated Time, Route, and Speed of Motor Vehicles Carrying Dangerous Chemicals', 'Report Certificate for Designated Time, Route, and Speed of Motor Vehicles Carrying Other Dangerous Goods Outside the Directory of Dangerous Chemicals', and 'Pass for Road Transport of Highly Toxic Chemicals') are prohibited from driving on highways within the administrative region of Tianjin.Regular traffic restrictions: Daily from 0:00 to 6:00. HenanThe Henan expressways will be open during the Qingming holiday.From 00:00 on April 4, 2025, to 06:00 on April 7, 2025The entire route prohibits the passage of vehicles transporting dangerous goods. Service area fuel (gas) supply vehicles on expressways should travel during periods other than 0:00 to 6:00 daily.Regular traffic restrictions: Daily from 0:00 to 6:00. GuangdongQingming Festival holiday:From April 3, 2025, 00:00 to April 6, 2025, 24:00Dangerous goods transport vehicles are prohibited from traveling on highways within Guangdong Province.Regular speed limit: 0-6 AM daily GuangxiQingming Festival holiday:From 00:00 on April 3, 2025, to 24:00 on April 4, 2025, and from 00:00 on April 6, 2025, to 24:00 on April 7, 2025., all highways throughout Guangxi prohibit the passage of dangerous goods transport vehicles.Routine speed limit: 0-6 AM daily ChongqingFrom 00:00 on April 4, 2025 to 24:00 on April 6, 2025During the Qingming Festival, dangerous goods transport vehicles are prohibited from using the highways in Chongqing. For those that need to transport dangerous goods on the highway, they must apply for a travel record with the local highway brigade at the entry point. After review and approval, they may proceed according to the designated time, route, and entry/exit points.Regular traffic restrictions: Daily from 0:00 to 6:00 Shanghai G40 Shanghai Section of Hu-Shaan ExpresswayVehicles transporting hazardous chemicals are prohibited from entering all day (except for vehicles carrying medical hazardous waste and oil tankers entering Changxing Island service area and Gangyan service area for fuel supply).G1503 Expressway (Wen Chun Road - Suburban Tunnel)Dangerous chemical transport vehicles are prohibited from operating throughout the day. Tongji Elevated Road prohibits the passage of vehicles carrying dangerous goods and other vehicles specified in the Shanghai Traffic Management Regulations throughout the day. AnhuiDuring the Qingming Festival holiday, the transportation of hazardous materials vehicles is prohibited on the highways within Anhui.Regular traffic restrictions: Daily from 0:00 to 6:00. ZhejiangThe S45 Yidong Expressway Dongyang Section (Hutian Hub - Wangdian Hub) prohibits the passage of dangerous goods transport vehicles 24 hours a day.The section from the Zhejiang-Anhui border (Qianqiuguan) to Yuqian Junction on the S29 Linjin (Jian) Expressway and the section from the Xin'anjiang Junction to the Zhejiang-Anhui provincial border on the G4012 Li-Ning Expressway prohibit the passage of hazardous chemical transport vehicles.The G1523 Yongguan Expressway from Lingkun to Huanghua will implement a 24-hour ban on the passage of vehicles transporting dangerous chemicals.G1513 Wenli Expressway, the section from Haikou to Qingtian East Road, prohibits the passage of hazardous materials transport vehicles all day.G4012 Lining Expressway: Vehicles transporting hazardous chemicals are prohibited from passing through the section from Yunjing Hub to Wenzhou boundary 24/7.S40 Dragon Bay Connection Line Highway prohibits hazardous chemical transport vehicles from entering 24 hours a day.The section from Yuandi Hub to Shangfang Interchange on the Hangchang (Hangxingjing) Expressway G6021 is closed to hazardous chemical vehicles.Common restriction: 0-6 AM daily HunanAccording to the notice jointly issued by the Hunan Provincial Public Security Department and the Provincial Department of Transportation regarding the time-limited ban on dangerous goods transport vehicles on highways, it is reminded that dangerous goods transport vehicles are prohibited from...During the Qingming Festival, 24-hour traffic restrictions are imposed on highways.The transportation of liquid chlorine used for producing tap water, fuel trucks, and natural gas vehicles are prohibited from 00:00 to 06:00, but there are no restrictions at other times.Regular restrictions: 0-6 o'clock every day HubeiThe sections of highways in Hubei Province where the transportation of hazardous materials is prohibited 24 hours a day are:Huyuhighway (G50) from Yidu Station to Baiyangtang Provincial Boundary Station (K1181+136M—K1501);Enhai Expressway (G6911) Luo Zhentian Interchange to E Southwest Station (K401+000M-K483+100M);Enqian Expressway (S89) section from Enlai Enqian Interchange to Chaoyang Temple (K0—K48).Due to construction, hazardous materials vehicles are prohibited from entering all day at the following entrances:G4 Beijing-Hong Kong-Macau Expressway bidirectional section from Henan boundary to Junshan.G4201 Wuhan Ring Expressway, both directions from Huashan Interchange to Cangdao Interchange, Huashan Station, Guanggu Station.G50 Shanghai-Chongqing Expressway Wuhan West to Yong'an section.From March 20, 2025, to May 15, 2025, the Lisha Line (under the Shanghai-Chongqing Expressway Bridge) section is prohibited for vehicles transporting hazardous materials.Routine restriction: 0-6 AM daily ShanxiFrom 0:00 on April 4, 2025, to 24:00 on April 6, 2025.Hazardous material transport vehicles are prohibited on Shanxi expressways.Routine restriction: 0-6 AM daily JilinTo protect the water quality of drinking water sources, the section of the Jihei Expressway between Hongqi and Fengman stations (Lanqi Bridge section) prohibits the passage of vehicles transporting hazardous chemicals. Vehicles can take a detour via the Huinwu Expressway or exit the highway at Hongqi and Fengman stations on the Jihei Expressway.For safety reasons, hazardous material vehicles are prohibited from passing through the Wunv Peak Tunnel on the Ji-Shuang Expressway. Vehicles carrying hazardous materials heading towards Ji'an via the Ji-Shuang Expressway should exit the highway at Qinghe Station in advance, while those heading towards Shuangliao (Tonghua) should exit at Wunv Peak Station beforehand.The Xianfengling Tunnel No. 1 and Xianfengling Tunnel No. 2 on the Yanchang Expressway prohibit the passage of hazardous material vehicles. Hazardous material vehicles intending to travel toward Yanji via the Yanchang Expressway should exit the highway at the Songjiang Station in advance and re-enter from the Helong Station. Those heading toward Changchun should exit at the Helong Station in advance and re-enter from the Songjiang Station.Regular traffic restrictions: 0-6 hours dailyNote: Some provinces have not yet released traffic restriction measures related to Qingming Festival. Let's take a look at today's plastic market spot prices:

In March 2025, the relevant policy announcements issued by the Ministry of Finance outlined a new direction for rural construction and agricultural development. Among the key initiatives, the third point—"advancing rural construction and governance in a solid and orderly manner, promoting green agricultural development and the improvement of rural living environments, supporting the adoption and推广 of thicker high-strength mulch films, fully biodegradable mulch films, and the comprehensive utilization of crop straw"—stood out as particularly noteworthy, closely linked to the development of the biodegradable plastics industry.From the policy perspective, the government is continuously increasing support for the promotion of thick, high-strength plastic film, fully biodegradable plastic film, and the comprehensive utilization of crop straw. On one hand, through financial subsidy policies, the government reduces the cost for farmers to purchase biodegradable film, enhancing their enthusiasm for using environmentally friendly film. On the other hand, it is consistently increasing research and development investment, encouraging research institutions and enterprises to tackle technological challenges related to biodegradable film, continuously optimizing product performance and lowering production costs. At the same time, the government actively organizes various publicity and education activities to raise farmers' awareness of environmentally friendly film and the comprehensive utilization of straw, guiding them to actively participate in agricultural green development initiatives.From an industry development perspective, degradable plastic companies are迎来了新的发展机遇。Enterprises should seize this opportunity, increase RD investment, continuously improve product quality, enhance the cost-effectiveness of degradable mulch films, and strengthen market competitiveness. Actively collaborate with agricultural departments and research institutions to conduct demonstration promotion projects for degradable mulch films, allowing farmers to see and experience firsthand the advantages of degradable mulch films, thereby accelerating their adoption in agricultural production. Additionally, enterprises must strengthen collaborative efforts with upstream and downstream industries to build a complete and efficient industrial chain, jointly promoting green agricultural development and the improvement of rural living environments. (Note: The sentence "迎来了新的发展机遇" was not fully translated as it was likely a placeholder or formatting error in the original text. It is recommended to revise this part for clarity.)With the continuous enhancement of societal environmental awareness and the acceleration of agricultural modernization, the promotion of high-strength thickened mulch films, fully biodegradable mulch films, and the comprehensive utilization of crop straw are bound to embrace a broader development prospect. It is believed that through the joint efforts of all parties, China's rural areas will surely achieve the synergistic progress of economic development and ecological protection, painting a new, more beautiful, livable, and prosperous rural landscape.

Recently, according to the requirements of the "Notice of the General Office of the Ministry of Industry and Information Technology on Organizing the Application for Enterprises Meeting the Industry Norm Conditions for Comprehensive Utilization of Renewable Resources in 2025 and Strengthening the Supervision of Already Announced Enterprises" (MIIT Energy Saving Letter [2025] No. 81), the application for enterprises meeting the industry norm conditions for comprehensive utilization of renewable resources in 2025 has begun!— 1 —Regarding the declaration of enterprises under standard conditionsI. Reporting Entities. Enterprises engaged in the comprehensive utilization of scrap steel, scrap copper and aluminum, waste paper processing, waste plastics, used tires, and remanufacturing of electromechanical products in various provinces and cities, which comply with the relevant specifications (access conditions) of the Ministry of Industry and Information Technology (refer to the website of the Energy Conservation Department of the Ministry of Industry and Information Technology for relevant specifications and access conditions). Work related to the comprehensive utilization of new energy vehicle power batteries will be notified separately.II. Application Procedure. Eligible enterprises shall voluntarily submit a conformity application to the local municipal or prefectural Industry and Information Technology Bureau, truthfully fill out the application form and related tables (refer to the relevant specifications and requirements on the Energy Conservation Department website of the Ministry of Industry and Information Technology for formats and requirements), and provide a detailed explanation of the conformity to each requirement. Submit relevant supporting documents (stamped with the company's official seal) and take responsibility for the completeness and authenticity of the application materials. All relevant materials shall be submitted through the Ministry of Industry and Information Technology's Industrial Energy Conservation and Green Development Management Platform (http://green.miit.gov.cn).III. Procedures for Changing Information of Announced Enterprises. Enterprises in the aforementioned industries that have been announced and apply for name changes, capacity adjustments, or removal from the announcement list shall submit their applications to the Municipal Industry and Information Technology Bureau where they are located, along with relevant supporting documents (for capacity adjustments, materials should be submitted as required for new enterprise applications).IV. Provincial and Municipal Review. The provincial and municipal Industry and Information Technology bureaus organize a preliminary review of the enterprise application materials in accordance with the standard (access) conditions. They compile a list of enterprises that meet the criteria and conduct a re-evaluation of the announced enterprises applying for name changes or withdrawal from the announcement.V. Supervision of Announced Enterprises. The industrial and information technology departments of various provinces and cities should urge the announced enterprises in the aforementioned industries to conduct annual self-examinations, complete the enterprise production operation status forms and annual development reports. They should supervise and inspect whether the announced enterprises can maintain the regulatory (admission) conditions. During the inspection, if any circumstances are found that should result in the revocation of the announcement according to regulations, please fill out the overview table of the review situation for enterprises meeting the regulatory conditions as required, and submit the enterprise production operation status forms, annual reports, and inspection results.6. Time Requirements. Clearly define the specific timelines for the industrial and information technology departments in various regions to complete the review and recommendation of application materials, as well as feedback on regulatory situations, to ensure that all tasks are推进 on schedule.— 2 —Application for Standardized Enterprises in Waste Plastic ManagementIn December 2015, the Ministry of Industry and Information Technology issued the "Comprehensive Utilization Industry Norms for Waste Plastics," which clearly defines management requirements for the industry from aspects such as the establishment and layout of enterprises, production and operation scale, resource comprehensive utilization and energy consumption, as well as processes and equipment, guiding the healthy and sustainable development of the industry.As of the end of 2024, a total of 8 batches of 129 enterprises that meet the standards for waste plastic have been announced, with a total annual comprehensive utilization capacity of over 9 million tons of waste plastic, accounting for about 45% of the social waste plastic resource volume.