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.  

On March 31, Foreign Ministry Spokesperson Guo Jiakun presided over the regular press conference.A foreign media reporter asked that US President Donald Trump said that the United States might impose a "secondary tariff" on buyers of Russian oil, with China being its main buyer. What is your comment on this?Guo Jia Kun stated that China's position on the issue of the Ukrainian crisis is consistent and clear; we have always believed that dialogue and negotiation are the only feasible way to resolve the Ukrainian crisis. Sino-Russian cooperation is neither aimed at a third party nor influenced by factors related to a third party.

InternationalHeadlines:Raw material news- Hyosung Group continues to increase its investment in the Vietnamese market.15布局 new factory in billions of dollarsPackaging News-French entrepreneur acquires Tupperware! Tupperware to relaunch in five European countriesMedical News-Trump "Wields the Axe" Again! U.S. Health Department Lays Off ThousandsMacro News-Goldman Sachs significantly raises expectations for U.S. tariffs and recession, predicts“ Reciprocal tariff rate”Average reach15%Price Information-Ethylene Asia:CFRNortheast Asia855Dollar/ton;CFRSoutheast Asia920Dollar/ton The following is a detailed report on international news:1.Mitsubishi Chemical Group announced it will phase out chemical production at two Japanese plants.3Moon31Day,Mitsubishi ChemicalThe group announced that the company has decided to2027Year3The production of products at the Mitsubishi Chemical Corporation's Onahama Plant and Shinryo Corporation's Iwaki Plant, both located in Iwaki City, Fukushima Prefecture, Japan, will be phased out by the end of the month. These plants have been engaged in the production of various chemical products. In recent years, in response to drastic changes in the market environment, they have implemented measures to streamline operations and attract new business. However, despite these efforts, ensuring the profitability of these plants has become extremely difficult. The manufacturing of products at these plants will be discontinued.2026Year3The moon began to phase out gradually and stopped2027Year3Terminate completely by the end of the month.2. Hyosung Group continues to increase its investment in the Vietnamese market.15 Billion-dollar layout for new factoryRecently, Bae In-han, General Manager of Hyosung Dong Nai Company and the highest representative of Hyosung in Vietnam, stated that the group will continue to make additional investments in Vietnam.15 USD billion investment to build a biotechnology plant and a carbon fiber plant in Ba Ria-Vung Tau Province. This move not only highlights Hyosung Group's strong confidence in the Vietnamese market but also reiterates its commitment to "making the next...".100 years in Vietnam" long-term commitment. Bae In-han also highly appreciated Vietnam's stable and business-friendly investment environment, which provides a solid foundation for the group's long-term development. Once the factory is completed and put into operation, Hyosung...TNCThe largest biobased spandex factory in Vietnam will be established in a trend-oriented manner. Notably, this will be the world's first vertically integrated production system for biobased spandex, from raw materials to fibers.3.French entrepreneur acquires Tupperware! Tupperware to relaunch in five European countriesA French entrepreneur acquired the French branch of Tupperware and plans to relaunch the brand in several European countries, including Belgium and Germany. At a press conference held in Paris on Tuesday, the entrepreneur...Cédric Meston'100%Tupperware France'The company was previously affiliated with a Belgian enterprise.MestonThe plan, from4Starting this month, this brand will return to France, Belgium, Germany, Italy, and Poland.MestonBy submitting a new business plan to the French commercial court, the French subsidiary of Tupperware hopes to...6Exited the judicial protection procedure a month ago.4.ProAmpac Promote sustainable moisture-proof packaging, balancing environmental protection and product safety.In the wave of actively moving towards sustainable development in the packaging industry,ProAmpac Recently, an innovative sustainable moisture-proof packaging has been launched. This new moisture-absorbing film not only offers eco-friendly foil-free and recyclable options but also significantly strengthens product protection, thereby greatly advancing the in-depth development of sustainable development initiatives. It is reported that,MP - 2000 The series as the foil-free option,具备与 is not properly translated as it seems to be incomplete or incorrectly structured in the original Chinese text. Please provide a complete sentence for accurate translation.MP - 1000 The series exhibits considerable moisture adsorption capacity and performance characteristics.MP - 3000 The series adopts a single polyolefin structure, specifically designed for recyclable application scenarios. Compared with traditional foil-based structures, it offers higher product stability.Moisture Protect Each solution in the series will integrateAptar CSP Technologies of3 Phase-activated polymer technology deeply integrated into thin film structures.ProAmpac  5.Trump Wields the Axe Again! U.S. Department of Health Cuts Ten Thousand JobsRecently, the U.S. Department of Health and Human Services (HHSannounced that it will cut approximately10000A full-time job, which involvesFDAAbout3500full-time employees. Although the U.S. Department of Health and Human Services said that this would not affect the approval of medical devices and drugs, industry insiders expressed concerns. The latest layoffs involve the U.S. Food and Drug Administration (FDA).FDA）3500People, the Centers for Disease Control and Prevention (CDC) in the United StatesCDC）2400People and the National Institutes of Health (NIH) in the United StatesNIH）1200This is also part of the cost reduction plan for government efficiency led by President Trump and Elon Musk.6."Buyout exports" may come to an end! Five ministries jointly issued a document.3month28“Buying and exporting”Due to the massive export volumes and substantial tax amounts involved in steel export transactions, they have become the primary target of this announcement.7.A major Japanese semiconductor materials manufacturer announced the full-scale development of microwave chemical recycling technology for waste plastics.Recently, a giant in Japan's semiconductor materials industry,ResonacLS Nikko (formerly Showa Denko) announced that it has partnered with Microwave Chemical Co., Ltd.Microwave Chemical, referred to asMWCC）Fully develop chemical recycling technology. The two companies jointly launched the project under the New Energy and Industrial Technology Development Organization (NEDO) of Japan.NEDO ) was rated as a "Green Innovation Fund Project," with the project category being "Development of plastic raw material manufacturing technology utilizing carbon dioxide, etc.," specifically, "Development of chemical recycling technology for producing basic chemicals from mixed plastic waste." In this project, the company will develop a novel pyrolysis technology to directly convert and recycle actual mixed plastics into basic chemical products, aiming to produce useful basic chemicals with a yield exceeding 60 wt%(weight percentage), and during the production processCO2 Emissions reduced to0.8 kg -CO2 /kg -The company aims to establish recycling technology that can process various types of old plastics at a demonstration scale of thousands of tons per year by using new methods such as microwave heating for the pyrolysis of plastics.8.2024year, BrazilPETRecovery rate improvement14%According to the BRICS TV partnerToda Palavrareport,2024Brazil'sPETThe recycling volume achieved significant growth, surging compared to the previous year.14%The total amount of recycling reached410,000ton. And in2022The figure was359,000, in2024Annual recyclingPETIn the resin,37%Converted into new packaging, mainly for bottled water, soft drinks, energy drinks, and other non-alcoholic beverages. Following this is the textile industry, which uses24%The resin, while the chemical industry and laminated sheets and plates each account for13%10%Government policies and active participation from consumers play a key role in promoting these recycling efforts, aimed at minimizing environmental harm and maximizing resource recovery.9.Giant announces production halt!5GThe "Strategic Turning Point" of New MaterialsRecently, Kuraray announced the cessation of production. Vecstar™ FCCL Flexible copper-clad laminate, but its Nishijo Plant in Japan will continue production and sales.Vecstar™ Liquid Crystal Polymer (LCP ) thin film and strive to expand its application range. It is reported thatVecstar™ is the world's firstLCPFilm, developed based on Kuraray's unique film-forming technology.LCPOnce predicted to replace polyimide as5GThe mainstream choice for materials in modern antennas, yet the complex production process, high costs, and unmet commercial expectations downstream have become significant barriers to their widespread application. Overseas macroeconomic market information:【“4moon2Sun”“Most-Favored-Nation (MFN) tariff rate”Average достижение15%！】 In consideration of the upcoming announcement“Tariff Equivalency”Policy, Goldman Sachs will future12The probability of a U.S. economic recession in the coming month has increased from previous estimates.20%Significantly increased to35%, translate2025U.S. average tariff rate expected to be from10percentage points up to15With the economic outlook deteriorating, Goldman Sachs also expects the Fed to cut interest rates three times this year, keeping the interest rate level unchanged.3.50-3.75%。German Chancellor Scholz: The European Union will“United as one”Responding to the escalation of US tariffsAccording to Canada's National Post3Moon30The report stated that in the face of President Trump's tariff increases and repeated mentions...“Canada is the number one in the United States.51a state”In response to the threat, German Chancellor Scholz expressed support for Canada. In addition, Scholz stated that the European Union will also...“United as one”Respond to the U.S. tariff increases.The United States has revoked the authorization for multinational companies to export oil to Venezuela. Claiming to have been prepared all along Local time3Moon30On the day, Venezuelan Vice President Rodríguez announced that several multinational oil and gas companies operating in Venezuela received notifications from the United States in the past few hours that their authorization to export Venezuelan oil had been revoked. Previously, the United States had tightened sanctions on Venezuelan oil, revoked sanctions exemptions, and threatened to impose tariffs on countries importing Venezuelan oil. Iranian Supreme Leader responds to Trump“Bomb threat”The US will be hit hard】331On the day, Iran's Supreme Leader Khamenei stated that if the United States...“Bomb threat” Take action, then“The United States will be hit hard.”According to the host of NBC's "Meet the Press"330It is reported that Trump stated during a phone call with her that...“If Iran does not reach an agreement with the United States on its nuclear issue, the United States will bomb Iran.”Translated result: , and“Like four years ago”Related products“Impose secondary tariffs”3At the beginning of the month, a letter was sent to Khamenei, threatening military strikes and urging Iran to negotiate with the United States over its nuclear program. Iranian President Pezeshiziyan.3Month30Slovakia Imports More Russian Natural Gas Slovak natural gas importerSPP Represents, and Translate the above content from Chinese to English and output the translation result directly without any explanation Represents, and2moon and3Compared to the previous month, the company will4 Month handles affairs from Gazprom (GazpromThe natural gas supply has been increased several times over, with volumes higher than previously announced.【Germany】“ At all costs”"Rising costs in the European bond market, Italy and France may become the biggest losers"3Moon, France10The yield on long-term government bonds once rose to3.6%The above has reached the highest level in over a decade, even surpassing the peak during last year's political crisis; Italy's yields have also hit.4%, for last year7The first time since the month. Hedge funds.Point72It is expected that Italy's debt willGDPThe ratio may reach2030"yearly increase to"153%France has risen to122%The corresponding ratios of these two countries are currently approximately.140%"and"115%。 Price information:RMB to USD Central Parity RateThe translation result is: "The central parity rate of RMB against USD is announced"7.1782, down adjustment30point; previous trading day's central parity rate7.1752, the official closing price of the previous trading day7.2637, the day and night trading sessions closed at7.2630。Upstream raw material USD market priceEthylene Asia:CFRNortheast Asia855Dollar/ton;CFRSoutheast Asia920Dollar/Ton.Acrylic Northeast Asia:FOBKorean average price800USD/ton;CFRChina average price825US dollar/ton.North Asia frozen cargo CIF, propane621-623US dollar/ton; butane611-613US Dollar/ton. South China Frozen Goods4Landed cost at moon, propane637-639Dollar/ton; butane627-629Dollar/ton.The cost, insurance, and freight (CIF) price of frozen goods in the Taiwan region, propane621-623Dollar/Ton; butane611-613US dollar/ton.【LLDPEUS dollar market priceThin film:955US Dollar/ton (CFRHuangpu), decline5Dollar/ton;Injection Molding1010US dollars/Ton (Dongguan Bonded Zone spot);【HDPEUS Dollar Market PriceFilm:940-950Dollar/ton (CFRHuangpu);The void:The translation of "中空" is "The void" or "Middle air", but in most contexts, "The void" is more appropriate.890-965US dollar/Ton (CFRHuangpu)Injection Molding:830US dollar/Ton (CFRHuangpu).【LDPEUS Dollar Market PriceFilm:1130-1135Dollar/Ton (CFR(Huangpu);Coating:1360US Dollar/ton (CFRHuangpu.【PPUS Dollar Market PriceHomopolymerization935-990US Dollar/ton (spot)Copolymerization:995-1060dollar/Ton (CFRHuangpu spot.Membrane material:1030-1105Dollar/Ton (CFRHuangpu)Transparent1020-1050US Dollar/ton (CFRPipe materials:1160Dollar/Ton (CFR(Shanghai).

OverviewThis week, the polypropylene market has remained stable. Crude oil has shown weak trends due to the clarity in the Russia-Ukraine negotiation situation and the range of OPEC+ production increases, creating a negative feedback on market sentiment from the cost side. In terms of fundamentals, the maintenance season is gradually approaching, with several units such as Jinneng Chemical and Zhongjing Petrochemical undergoing repairs, leading to a low operating rate of polypropylene production capacity. However, the successful commissioning of the third line at Baofeng in Inner Mongolia adds to the supply pressure for polypropylene. Demand support is still decent, as the demand for fast-moving consumer goods has improved and downstream operating rates have increased, resulting in good consumption of polypropylene raw materials. This week, both production enterprises and social inventories have been reduced. Therefore, the current contradictions in the polypropylene market are not prominent, and the price direction is unclear, continuing a consolidation trend. As of the 27th, the national average price for drawing materials is 7,336 yuan/ton, an increase of 11 yuan/ton from last week, with a rise of 1.5%.Recent attention points in the polypropylene market:1. This week, China's polypropylene commercial inventory decreased by 7.81% compared to the previous period; total inventory of production enterprises decreased by 8.42%; inventory of sample traders decreased by 7.31%; inventory of sample port warehouses decreased by 2.92%. In terms of inventory by variety, the inventory of drawing grade decreased by 2.59%; the inventory of fiber grade decreased by 16.04%.This week, domestic polypropylene production was 732,000 tons, a decrease of 600 tons or 0.08% compared to last week's 732,600 tons. Compared to the same period last year's 623,800 tons, it increased by 108,200 tons, a rise of 17.35%.From March 21 to March 27, 2025, the loss amount of PP devices was 223,450 tons, a decrease of 0.37% compared to the previous week; among them, the maintenance loss was 156,120 tons, a decrease of 2.33% compared to the previous week; the reduction loss was 67,330 tons, an increase of 4.50% compared to the previous week. Directory:Supply and Demand Deadlock Seeks Breakthrough, Market Center Slightly Shifts Upward at the End of the MonthTwo: Intensive maintenance releases alleviate downward market pressureThree: Slow follow-up on the demand side, raw material replenishment falls short of expectationsFour: Oil-based profits shrink while coal-based profits expandFive: Supply and demand balance each other out as the market awaits favorable news to materialize.1. Supply and demand deadlock seeks a breakthrough as market focus edges slightly higher by month-end.Figure 1 China PP East China Market Price Trend Chart (yuan/ton)  Data source: Longzhong InformationThe polypropylene market remained stable this week. Under the influence of Russia-Ukraine peace talks and the OPEC+ production increase, crude oil prices were weak, leading to a negative feedback effect on market sentiment from the cost side. Fundamentally, the maintenance peak season is gradually arriving, and with multiple facilities such as Jineng Chemical and Zhongjing Petrochemical undergoing maintenance, the utilization rate of polypropylene capacity has been low. However, the smooth commissioning of Inner Mongolia Baofeng's third line has made it difficult to alleviate the supply pressure of polypropylene; demand support remains acceptable, with fast-moving consumer goods demand improving and downstream operations recovering, resulting in good consumption of polypropylene raw materials. This week, both producer and social inventories have decreased; thus, there are no prominent contradictions in the current polypropylene market, and the price direction is unclear, maintaining a range-bound trend. As of the 27th, the national average price for injection molding grade polypropylene was 7,336 yuan per ton, an increase of 11 yuan per ton from last week, with a growth rate of 1.5%.Table 1 Domestic Polypropylene Weekly Supply-Demand Balance SheetPolypropylene supply and demand balance tableThis weeklast weekMonth-on-monthPolypropylene domestic production73.2073.26-0.08%BrentPolypropylene production output36.8637.64-2.07%coalProduction of polypropylene18.3917.97+2.34%PropaneProduction of polypropylene13.2713.23+0.30%Polypropylene import volume6.96.85+0.73%Polypropylene export volume4.44.40.00%Polypropylene net import volume2.52.45+2.04% Apparent demand for polypropylene75.775.71-0.01%Polypropylene enterprise inventory64.1770.07-8.42%Two、Maintenance releases in bulk alleviate market downward pressureForecast: Next week, Yulong Petrochemical's Line 5 is scheduled to restart, while units such as Yangzi Petrochemical and Jinan Refinery are planned for maintenance. Additionally, concentrated shutdowns of facilities like the polyolefin line at Jingbo and the STPP line at Hengli Petrochemical toward the end of the week will drive the polypropylene maintenance loss volume higher again. Overall, since early April, polypropylene has gradually entered the peak maintenance season. With high maintenance activity, capacity utilization rates may remain low, and the average polypropylene capacity utilization rate for next week is expected to be around 75%.1Downstream purchasing sentiment is weak, and commercial inventories have seen a slight reduction.On March 26, 2025, China's total commercial polypropylene inventory stood at 858,600 metric tons, a decrease of 72,700 metric tons from the previous period, down 7.81% month-on-month. With increased maintenance shutdowns of upstream units leading to reduced supply, and intermediate traders completing their planned purchases by the end of the month, inventory shifted to the intermediate segments, resulting in a decline in producer inventories. Operating rates across downstream industries rose to varying degrees, boosting demand, and polypropylene trader sample inventories showed significant destocking. As shipping costs fell, domestic production and trade actively fulfilled previously contracted export orders, leading to reduced port inventories. Overall, the total commercial inventory declined this week.Figure 2 Weekly Trend of China's Polypropylene Commercial Inventory (10,000 tons) Source: Longzhong Information2、Intensive maintenance releases from facilities.The capacity utilization rate of polypropylene has declined.During this period (March 21, 2025 - March 27, 2025), the operating rate of polypropylene production capacity decreased by 0.56% month-on-month to 76.42%. The operating rate of Sinopec's production capacity fell by 1.63% month-on-month to 85.49%. This week, shutdowns at Jiujiang Petrochemical, Shanghai Petrochemical Line 1, and other facilities led to the decline in Sinopec's operating rate. Additionally, stoppages at Jinneng Chemical, Hebei Haiwei, Yulong Petrochemical Line 5, and other units contributed to the overall decrease in the average polypropylene operating rate. Figure 3 Trend of Weekly Capacity Utilization Rate of Polypropylene Production in China Data source: Longzhong InformationTable 2 Weekly Production of Polypropylene in Various Regions of the CountryRegionThis weekLast weekmonth-on-monthNorthwest14.2514.36-0.77%East China14.2914.23+0.42%South China17.1716.19+6.05%North China18.2719.18-4.74%Northeast China5.845.87-0.51%Central China2.372.4-1.25%Southwest1.011.03-1.94%Total73.2073.26-0.08%3Production demand failed to meet expectations, resulting in a slight increase in inventory for manufacturing companies.On March 26, 2025, the inventory of polypropylene production enterprises in China stood at 641,700 tons, a decrease of 59,000 tons compared to the previous period, marking a month-on-month decline of 8.42%. With an increase in upstream maintenance and a reduction in supply, and as the end of the month approached, intermediaries completed their planned procurement, leading to a transfer of inventory to the intermediate links. Consequently, the inventory of production enterprises decreased this week.Figure 4: Weekly Inventory Chart of China's Polypropylene Production Industry  Data source: Longzhong InformationThree、Demand-side follow-up is slow, and raw material restocking efforts fall short of expectations.Forecast: The standoff between supply and demand continues, with a short-term gap in new capacity expansion and intensive maintenance, alleviating market supply and demand pressures. As market prices are close to costs, compressing market profits, cost-side support remains, locking in the market's bottom offers. Demand-side pressure from export tariffs suppresses market demand follow-up. Recently, the market has focused on export and maintenance variables guiding the market, with the short-term market expected to fluctuate around 7,280-7,450 yuan/ton, with a potential upward shift in the low-price center at the beginning of the month. Key attention should be paid to the impact of overseas tariffs on product export variables, downstream operations, and demand-side variables.The plastic weaving industry is moving forward steadily, with the operating rate remaining the same as last week.This week, the operating rate of sample enterprises in the plastic weaving industry remained at 47.40%, unchanged from the previous week. From the perspective of raw materials, futures opened higher but oscillated downward during the week. The cost support from crude oil and propylene was lacking, and trade offers became more flexible. The change in the PP market on the raw material side provided limited cost support for plastic weaving. In terms of demand, as the weather warms up, the peak season for the plastic weaving industry becomes more evident, with a surge in demand from end markets such as agriculture and construction. The use of fertilizers has boosted the sales of fertilizer bags. Some construction projects have started, leading to a noticeable increase in orders for cement bags. Orders for large enterprises typically last around 10-15 days, while small enterprises receive orders sporadically. Currently, the sentiment among participants is positive, and the overall trading atmosphere in the market is active. However, with an increase in market supply, plastic weaving prices mostly remain stable or decline.This week, BOPP prices remained largely stable with minor fluctuations. As of March 27, the mainstream price of thick-gauge film in East China was between 8,600-8,800 RMB/ton, unchanged from the previous period. PP futures saw a slight increase, while the spot market stabilized with minor adjustments. Petrochemical producers mostly maintained steady ex-factory prices, offering limited support on the cost side. Most BOPP manufacturers kept their ex-factory prices stable, with only a few adjusting by 50-100 RMB/ton. Due to weak downstream demand, BOPP manufacturers faced some pressure in securing new orders, and the order production cycle shortened compared to the previous period. Market sentiment remained cautious, with downstream buyers and traders showing limited willingness to purchase, leading to an increase in finished product inventories for manufacturers. During the week, the uptick in PP futures prompted some manufacturers to moderately replenish raw material inventories, showing a slight increase compared to the previous week. Based on feedback from manufacturers, there was insufficient guidance from market news, and amid the supply-demand standoff, BOPP prices mostly stabilized with minor adjustments. The previously relocated production facility in East China has now entered the trial operation phase, and market supply is expected to further increase in the future.Figure 5: Plastic编织 industry operation rate trend chart（%） Data Source: Longzhong Information Group BOPP and Drawn Price Trend Comparison Chart (RMB per ton) Data Source: Longzhong InformationFour、Oil-based profits shrink, coal-based profits expandProfit: In the short term, the落地of OPEC+ production increases and the risk of U.S. tariff policies are likely to bring bearish pressure, leading to potential downward space for international oil prices next week. For the power coal market, demand recovery is weak, power plants have high inventories, and replenishment demand is low. After the heating season ends, industrial electricity use will gradually recover, but non-power industries are in a traditional off-season, with bearish sentiment dominating the market. Currently, prices have already fallen somewhat, and under a supply-demand surplus backdrop, they may continue to probe for support in the short term. It is expected that thermal coal prices in the spot market may remain weakly stable. It is expected that profits for oil-based PP will be restored, while profits for coal-based PP will increase.Figure 7 Profit Trend Chart of Five Raw Materials for PP in China (Yuan/Ton) Data source: Longzhong InformationThis week, the profits of coal-to and externally-sourced propylene-to-PP have recovered, while the profits of oil-to, methanol-to, and PDH-to-PP have declined. Market concerns about the potential supply risks brought by the U.S. strengthening sanctions against Venezuela and Iran, along with the ongoing instability in the Middle East. Coupled with the decline in U.S. crude oil and refined product inventories, all provided bullish support for oil prices, leading to a rise in international oil prices this week, and a decline in oil-to-PP profits. In the thermal coal market, power plant inventories are at a high level, and the inventory at the Bohai Rim ports has exceeded 32 million tons, increasing the pressure on traders to sell off. The supply of coal in the market far exceeds demand, causing thermal coal prices to continue to fall, leading to an increase in coal-to-PP profits.Five.Supply and demand are in a stalemate as the market awaits favorable developments.Table 3 Domestic Polypropylene Supply and Demand Balance ForecastPolypropylene Supply and Demand Balance SheetThis weekFirst week estimateSecond week estimateThird week forecastPolypropylene national production73.2074.6075.6173.93Polypropylene import volume6.906.806.706.60Polypropylene export volume4.404.504.604.70 Net import volume of polypropylene2.502.302.101.90 Apparent demand for polypropylene75.7076.9077.7175.83 Polypropylene production enterprise inventory64.17

The Canadian government has released the "Perfluoroalkyl and Polyfluoroalkyl Substances (PFAS) Status Report." This report was published following public consultations on the "Draft PFAS Status Report" released in May 2023 and the "Updated Draft PFAS Status Report" to be released in July 2024, during which over 400 stakeholders provided feedback.According to the latest scientific research, the Canadian government has studied PFAS as a class of substances. The PFAS category includes substances that meet the broad chemical definition set by the Organization for Economic Co-operation and Development (OECD).Scientific evidence indicates that concerns about well-studied PFAS for human health and the environment are more broadly applicable to other PFAS. The category approach helps prevent unregulated PFAS that may have similar hazardous characteristics from replacing a regulated PFAS.Based on the latest science and evidence, this report concludes that PFAS substances (excluding fluoropolymers as defined in the report) are toxic under the Canadian Environmental Protection Act (CEPA) of 1999.CEPA Section 64 Investigation Results on PFAS (Excluding Fluorinated Polymers)This report concludes that PFAS (excluding fluorinated polymers) meets two criteria under Section 64 of CEPA.They are currently or may enter the environment, and their quantity, concentration, or conditions may have direct or long-term harmful effects on the environment or its biodiversity.In Canada, they are entering the environment in quantities or concentrations or conditions that pose or may pose a danger to human life or health.The conclusion of the report provides a science-based foundation for future actions and consultations with the industry and other stakeholders.The PFAS status report defines fluorinated polymers as a group of PFAS. However, they are currently excluded from the report because current evidence suggests that they may have different exposure and hazard characteristics compared to other PFAS. The government will conduct further research on these substances to ensure informed decision-making.In light of the conclusions of the PFAS status report, the Canadian government proposes to add the PFAS category (excluding fluorinated polymers) to Part 2 of Schedule 1 of CEPA. This action will achieve a targeted and phased risk management approach while protecting public health and the environment.Proposed Actions on PFAS - Risk Management ApproachesThe Canadian government recognizes that PFAS have various uses and are widely used in economic sectors. For safety, health, or economic reasons, certain uses may be critical, and industries will have the opportunity to participate and identify practical alternatives. This approach not only protects health and the environment but also supports the competitiveness of Canadian industries as they seek safer substitutes.In order to determine the actions regarding the PFAS category (excluding fluorinated polymers), the government has released a proposed risk management approach, which includes the following environmental and health risk management objectives:Reduce PFAS emissions into the Canadian environment to avoid adverse effects while balancing environmental protection and economic feasibility.Reduce human exposure to PFAS, including disproportionately affected populations.In order to achieve these goals and reduce environmental and human exposure to the technically feasible minimum level, the government recommends a phased approach to prioritize actions.Phase 1: Address PFAS in firefighting foam (currently unregulated), as PFAS poses a high potential for environmental and human exposure.Phase 2: Address the issue of the use of PFAS in consumer products where alternatives exist, such as certain textiles, ski wax, building materials, and food packaging materials.Phase 3: Evaluation needs to consider further assessment of industries through stakeholder engagement and further evaluation.The risk management methods will be open for consultation to all stakeholders from March 8, 2025, to May 7, 2025.Take action on PFASIn order to protect the health of Canadians and ecosystems, the government has been taking action on PFAS. Following scientific assessments in 2006 and 2012, three subgroups of PFAS (perfluorooctane sulfonate [PFOS], perfluorooctanoic acid [PFOA], and long-chain perfluoroalkyl carboxylic acids [LC-PFCA], their salts, and their precursors) were addressed through the 2012 Regulations on the Prohibition of Certain Toxic Substances. To further address these three PFAS subgroups, the government plans to release updates to these regulations in 2025.Starting in 2025, 163 types of PFAS will be added to the National Pollutant Discharge Elimination System (NPDES) in order to enhance the understanding of their use and impact. This will provide information on how PFAS are manufactured, processed, or used in quantities exceeding 1 kg. The collected information will improve the understanding of PFAS and complement the proposed risk management approach focused on finished products.In order to reduce exposure to PFAS, Health Canada released the final objectives for PFAS in drinking water in August 2024. According to the Great Lakes Water Quality Agreement, parties are also taking action to reduce the discharge of these substances into the Great Lakes.In June 2024, the Canadian Food Inspection Agency issued a temporary standard to limit the amount of PFAS in biosolids sold or imported as fertilizer. The concentration of perfluorooctane sulfonate (PFOS), a type of PFAS, in all domestic and imported biosolids used as commercial fertilizers must be below 50 parts per billion.The government will continue to take further action to reduce the risks posed by known federal contaminated sites of PFAS to the environment and human health. This work may include providing alternative drinking water sources and cleaning up specific areas, among other actions.Canada works with the provinces through the Canadian Council of the Environment to address contaminated sites. It also collaborates with provinces, territories, and neighboring landowners to provide updated information and develop plans when pollution has already been or may have been transferred to the site.Residents and municipal authorities not related to federal activities regarding PFAS pollution should contact the provincial or regional ministry responsible for environmental and drinking water issues.Due to the importance of information in understanding the sources of PFAS, the government is currently compiling responses received from the information collection notice published in 2024, which includes 312 types of PFAS. This notice targets anyone who imports, manufactures, or uses products made with these PFAS in order to establish baseline commercial data and provide information for future activities. Similar initiatives have been issued since 2000 to investigate other PFAS substances.According to the new substance notification regulations of CEPA (Chemicals and Polymers), continue to assess the potential risks of introducing new PFAS to the Canadian market. These PFAS will be subject to possible actions that address PFAS as a category.The government continues to conduct research and monitoring activities based on existing science. This includes biomonitoring of certain PFAS based on the Canadian Health Measures Survey, as well as comprehensive monitoring and research projects on certain PFAS as part of the Northern Pollutants Program under Envi.In addition, Canada collaborates with other countries to address PFAS, including through the Stockholm Convention on Persistent Organic Pollutants. In 2021, Canada nominated the addition of long-chain perfluoroalkyl carboxylic acids (LC-PFCA) and their salts and related compounds to the convention, which will contribute to global efforts to eliminate these substances. Internationally, Canada is one of the first countries to propose managing PFAS as a category.

In October 2022, the State Post Bureau officially announced that by the end of 2025, all postal and express delivery outlets nationwide will completely ban the use of non-degradable plastic tape. This policy works in conjunction with the National Development and Reform Commission's "Opinions on Further Strengthening Plastic Pollution Control," requiring the express delivery industry to complete a systematic transformation from "plastic dependence" to "green transformation" within three years. First-tier cities like Shanghai and Beijing have responded proactively, with Shanghai even advancing its goal to the end of 2023, becoming the first city in the country to fully implement a "tape plastic ban."Driven by policies, the express packaging industry is undergoing significant changes. According to data from the State Post Bureau, the volume of express delivery in China is expected to reach 174.5 billion pieces in 2024 and is projected to reach 190 billion pieces in 2025. Assuming that 10% of this is replaced by biodegradable tape, the demand will reach 23,500 tons. This trend not only forces companies to accelerate technological innovation but also gives rise to a wave of industrialization in bio-based materials.1. BOPLA tape, many enterprises join forces for technological breakthroughsAmong the many alternatives, biaxially oriented polylactic acid film (BOPLA) has become a focal point in the industry due to its comprehensive performance advantages. This bio-based material, made from corn starch, achieves mechanical properties comparable to traditional BOPP films through a biaxial stretching process, with a longitudinal tensile strength of 119 MPa and a longitudinal elongation at break exceeding 138%, fully meeting the packaging needs of express delivery. More importantly, BOPLA can decompose into water and carbon dioxide within six months under industrial composting conditions, reducing carbon emissions by 68% compared to fossil-based materials.The core competitiveness of BOPLA tape comes from breakthroughs in both materials and processes.Innovation in Base Membranes: Xiamen Changsu Industry, a subsidiary of Zhonglun New Materials, has developed BOPLA® through molecular structure design and optimized stretching processes, addressing the challenges of PLA's brittleness and poor heat sealing properties. This innovation has achieved mass production with a thickness as low as 12μm and a transmittance rate exceeding 92%. Guangdong Shuyou Environmental Protection has used PLA materials from Fengyuan Biotech to mass-produce a 28μm thick degradable adhesive film, and has successfully trial-produced both biaxially stretched heat shrink films and uniaxially stretched heat shrink films. Jiangsu Xinsi Yi has independently developed BOPLA films, which have achieved stable mass production on the multifunctional biaxial stretching test line at Guilin Electric Power Research Institute, with biodegradability certified by Rhein TÜV and the Microbial Analysis and Testing Center of Guangdong Province.Adhesive Upgrade: Anhui Huayi Packaging has developed a fully biodegradable tape that combines water-based degradable glue with bio-based film technology. The adhesive strength reaches 6.5N/25mm, with a temperature range of -20℃ to 80℃, and has obtained green product certification for express packaging.Industrial chain collaboration: On the raw material side, high-performance PLA grades such as FY802 from Fengyuan Biological, 102 from Pulis, and 4950D from NatureWorks in the U.S. provide high-quality substrates for BOPLA through molecular weight regulation and copolymer modification. On the equipment side, Guilin Electrical Science Research Institute Co., Ltd. has accumulated rich design and manufacturing experience from small-scale testing, pilot testing to large-scale production. The BOPLA film products produced in batch trials on the production line have been validated by several domestic enterprises with "Zhong" in their names.The market is about to explode, and enterprises are accelerating the layout of production capacity.With the combination of policy dividends and technological maturity, the biodegradable tape market is expected to experience explosive growth in the coming years. Companies like China Post and SF Express have started to use BOPLA tape in large volumes. China Post Group Co., Ltd. has tendered for biodegradable tape in 2024, with Anhui Huayi Packaging and Wuhan Jin'angge winning the bids, totaling 100 million yuan.Leading enterprises are accelerating capacity布局. Adhesive tape giant Yongguan New Materials is heavily investing in biodegradable adhesive materials. In March 2025, they plan to invest 380 million yuan to build a 300,000-ton biodegradable adhesive material project in Jiangxi. Anhui Huayi Packaging has launched a project for an annual production of 500 million square meters of biodegradable tape, which will achieve an annual output value of 2 billion yuan upon reaching full capacity. Sichuan Jinghua Adhesive New Materials’ Southwest base has already achieved an annual production of 400 million square meters of new adhesive materials, including biodegradable paper-based new materials; the second phase plans to add an annual capacity of 480 million square meters of biodegradable recycled materials, bringing the total capacity to 1.48 billion square meters.Huayi Packaging Production PlantDespite the huge potential of BOPLA, the industry still faces multiple challenges. Currently, the cost of BOPLA tape is 20%-30% higher than that of traditional products, and it needs to reduce costs through large-scale production. There is still room for performance optimization, as the water resistance and UV resistance of the adhesive need to be further improved to adapt to complex logistics environments.The application scenarios of BOPLA are continuously expanding. In addition to express delivery tape, it can also be used in non-express delivery tape areas, such as straw packaging, disposable tableware packaging, aviation product packaging, flower packaging, and more.  

InternationalNews Highlights:Raw Material News-EvonikIPDIProduction encountered force majeure.！Automotive News-The new U.S. auto tariff policy harms multiple interests and may lead to large-scale layoffs in American car companies.Packaging News-New progress! Berry International has expanded. B Loop Packaging SeriesMacroeconomic NewsBrazilian President Lula: Will impose retaliatory tariffs on American goods. The following is the details of international news:1.President Trump of the United States26The President signed an executive order at the White House imposing tariffs on imported cars to the United States.25%Tariffs and related measures will be implemented.4Month2The new tariff policy, effective from the day announced, is expected to drive up car prices in the U.S., harming consumer interests and delivering a "major blow" to the American automotive industry, according to industry insiders. Trade associations and the American Automobile Association have stated that the new tariff policy will once again increase the costs of producing and selling cars in the U.S., leading to higher prices, fewer choices for consumers, and a reduction in employment opportunities in American manufacturing. Gary Hufbauer, a senior researcher at the Peterson Institute for International Economics and a former Treasury official, also indicated that the latest announced tariffs represent a "significant blow" to the automotive sector. He noted that, especially given the weak financial situation of consumers, the increase in automobile costs will reduce demand. Hufbauer predicted that there would be "large-scale layoffs" in U.S. automotive and parts companies.2.EvonikIPDIProduction of the product encounters force majeure.Recently, Evonik announced that it will...VESTANAT® IPDlDue to the impact of force majeure factors, we will immediately cease supply.VESTANAT® IPDlProduct. The notification mentioned that due to unforeseen and unavoidable technical issues with Evonik's suppliers, it has led to...VESTANAT® IPDlThe production of the product is immediately severely affected. In light of the above reasons, Evonik will temporarily be unable to supply the quantities confirmed, ordered, or otherwise requested by customers in the coming weeks.VESTANAT® IPDI。3.Europe's first7.5ten thousand tonsPLAProject initiation.2028Recently, a leading biomaterials company in Belgium.FuterroAnnounced its first integrated biorefinery project in Europe, located in Normandy, France.7.5Ten thousand tons of polylactic acidPLAThe project has officially launched the engineering design and front-end engineering design.FEEDThe project has moved from the planning stage to substantial construction. Previously, the company had...2024Year11Monthly completionFirst round120010 million euros financingInject key funds to advance the project.FuterroEstablished in2007Year, is the second largest polylactic acid (PLAManufacturer, with business covering the entire chain of lactic acid fermentation, polymerization, and recycling. The company has established a presence in Bengbu, Anhui, China.10The 100,000-ton capacity (Fengyuan Biotech) will further consolidate its technological leadership position in this European project.4.8Double!NatureWorksLaunchPLANew ProductRecently, NatureWorksAnnounce the launchIngeo™ Extend Platform andIngeo Extend 4950D Product for biaxially oriented polylactic acidBOPLAThe production of films has brought about innovative changes and shows great application potential in fields such as food packaging.Ingeo Extend 4950D Based on a brand newIngeo™ PLA Developed from a polymer platform.BOPLA The thin-film production process demonstrates outstanding advantages. For machinery originally designed for the production of polypropylene and other polymers, usingIngeo Extend 4950D After that, biaxially stretched film manufacturers can achieve up to7 The horizontal stretching feature not only significantly enhances production efficiency but also greatly reduces production costs. Taking production scenarios such as coffee capsules, candy packaging, and single-serving food packaging bags as examples, this product holds significant value in optimizing production processes and controlling costs. 5.China's polypropylene export starts strong: Year-on-year growth in the first two months+34.95%2025Year2In which month did China's polypropylene export volume...23.8710,000 tons, month-on-month+39.26%，2025Year1-2Monthly cumulative export volume is41.01Ten thousand tons, year-on-year+34.95%Due to the accumulation of inventory during the holiday period, coupled with supply pressure, the domestic market price center has declined. Additionally, the significant appreciation of the exchange rate and the strong currency incentive policies for exports have boosted domestic companies' export sentiment.2The monthly export quantity has significantly increased.20253In the month, China's polypropylene export volume is expected to be34Near ten thousand tons, month-on-month increase.42.44%6.LyondellBasell announces Houston propylene expansion project.3Month27On that day, according to LyondellBasell (LYBThe company will invest in the expansion of its facilities located near Houston.Channelview2025The construction is expected to commence in the third quarter of the year.2028The device is expected to be put into production by the end of the year, with an annual output of approximately.4010,000 tons of propylene. The new reaction unit will use olefin metathesis technology to convert ethylene into propylene, which will further be used to produce polypropylene and propylene oxide. These are essential basic materials in daily life, widely used in industries such as food packaging, medical devices, automotive parts, aircraft de-icing fluids, building insulation materials, home decoration mats, and communication equipment.7.European industry associations call for strict limits on imported recycled plastic materials.European Plastics Recycling Association (EPRC)PRE）Recently issuedPREChairmanTon EmansIt is emphasized that the EU should quickly introduce import controls and implement existing regulations to restrict the import of recycled plastic materials that do not meet EU sustainability and safety standards. The EU's plastic recycling industry is on the brink of collapse. Cheap imported materials exacerbate the impact of rising energy prices and plastic recycling costs on EU recycling companies.PREThe data shows that.2023Since the beginning of the year, the plastic recycling capacity in the EU has shown a sharp decline.2024The total capacity scale of bankrupt recovery enterprises for the year is relatively.2023The year doubled.8.New progress! Berry International has expanded.B Loop Packaging SeriesBerry Globalannounced the expansion of itsB CircularSeries of standard packaging solutions. The company is designed for recycling and is expanding its range in the home and personal care market. Users can now access cost-effective and more sustainable packaging solutions. This expansion includes35PCRPlastic production products, from30%To100%The series includes specific packaging made from polypropylene, which can be enhanced through Berry's proprietary methods to further improve recyclability.CleanStream9.Endeavor 3DLaunchHPPA12 Flame retardant, suitable for electronic or electrical component enclosures.Endeavor 3D Announce the launchHP PA 12 FRThis is a halogen-free material, and the powder can be reused.60%。Endeavor 3D It is one of the first contract manufacturers in North America to provide this high-performance material, having been validated and approved by HP for use.Multi Jet Fusion （MJF） 3D Endeavor 3D This demonstrates that the adoption has further strengthened its commitment to providing industrial-grade components for professional applications in the electrical, robotics, and industrial sectors.10.Chery Automobile plans to invest in Turkey.10Billion dollars to build electric vehicle factory, annual production capacity.20ten thousand vehiclesAccording to Bloomberg, Chinese automaker Chery Automobile will invest in Turkey. 10 billion US dollars (approximately at the current exchange rate)72.62 Chery will invest 1 billion yuan (RMB) to build an electric vehicle factory. The Turkish Ministry of Industry announced this investment on Wednesday. Chery will establish a new factory in Samsun, Turkey, to produce electric vehicles and components, with an expected annual production capacity of...20 ten thousand vehicles. Overseas macro market information:The new tariffs will take effect on April 2. White House aide Will Scharf explained that the new tariffs will apply to "foreign-manufactured cars and light trucks," which are additional tariffs beyond the existing ones. Since most cars are composed of parts from different countries, the full details of the new tariff announcement remain unclear. Scharf estimates that the new tariffs will generate over $100 billion in new revenue for the United States each year.Moody's: Trump's auto tariffs will have a ripple effect in the Asia-Pacific region.Moody's report indicates that as the trade war has already put pressure on economic growth, U.S. President Trump has recently announced plans to impose tariffs on foreign-manufactured cars and automotive parts, which could have a significant impact on global automakers. In the Asia-Pacific region, Japan and South Korea are expected to be hit the hardest, as cars exported to the U.S. account for approximately 6% of Japan's exports and 4% of South Korea's exports. Rough estimates suggest that the tariffs could reduce Japan and South Korea's GDP growth by 0.2 to 0.5 percentage points. Moody's analysts state, "Given the lengthy and complex supply chain of the automotive manufacturing industry, the impact will ripple throughout the region, causing significant damage." They anticipate that automakers will increase investments in the U.S. in an effort to seek tariff exemptions or tax reductions.Brazilian President Lula: Will impose retaliatory tariffs on American goods."South Korea will introduce emergency measures next month to assist automobile manufacturers in response to Trump's tariffs on cars."South Korea's top trade official stated that the government will introduce measures to support the automotive industry by next month. The Minister of Trade, Industry and Energy expressed concerns that U.S. tariffs could create significant difficulties for car companies exporting to the U.S. and emphasized that they would work closely with the automotive industry to find solutions. He mentioned that emergency measures for the automotive sector would be announced in April in collaboration with relevant agencies. He did not provide specific details on what measures the government might take. Price Information:Renminbi to US Dollar Central Parity RateThe RMB exchange rate against the USD central parity is reported at 7.1763, down 9 points; the previous trading day's central parity was 7.1754, the official closing price of the previous trading day was 7.2635, and the night session closing price was 7.2691.Upstream raw material USD market pricesEthylene Asia: CFR Northeast Asia $855/ton; CFR Southeast Asia $920/ton.Acrylic Northeast Asia: FOB Korea average price $800/ton; CFR China average price $825/ton, an increase of $5/ton.Northern Asia CIF prices: Propane $616-618/ton; Butane $602-604/ton.The CIF price of frozen cargo in Taiwan is propane at 616-618 USD/ton; butane at 602-604 USD/ton.Film: $960/ton (CFR Huangpu);Injection molding: $1010/ton (spot price in Dongguan Bonded Zone);HDPE USD Market PriceFilm: $935-950/ton (CFR Huangpu);Hollow: 900-965 USD/ton (CFR Huangpu);Film: $1130-1135/ton (CFR Huangpu);Coating: $1360/ton (CFR Huangpu).Junjv: $935-970/ton (spot)Co-polymer: $995-1060/ton (CFR Huangpu spot)Membrane material: $1105/ton (CFR Huangpu);Pipe material: $1160/ton (CFR Shanghai).

European industry associations call for strict limits on imported recycled plastic materials.The European Plastic Recyclers Association (PRE) issued a statement on March 19, urging EU institutions to take swift action to limit the import of recycled plastic materials in order to protect the plastic recycling industry within the EU. PRE President Ton Emans emphasized that the EU should quickly introduce import controls and implement existing regulations to restrict imports of recycled plastic materials that do not meet EU sustainability and safety standards.The EU plastic recycling industry is on the brink of collapse. Cheap imported materials have exacerbated the impact of rising energy prices and plastic recycling costs on EU recycling companies. Data from PRE shows that since 2023, the plastic recycling capacity in the EU has experienced a dramatic decline, with the total capacity of bankrupt recycling companies in 2024 expected to double compared to 2023.The role of the EU in the global plastic recycling industry is changing. PRE states that the EU's plastic waste exports are expected to surge by 36% in 2024 compared to 2022, while Global Trade Tracker (GTT) shows that the EU's exports of "plastic waste, scraps, and residues" will increase by 45% from 2022 to 2024, significantly impacting the flexible PE waste recycling industry within the EU.Plastics Recyclers Europe is a nonprofit organization located in Brussels, Belgium, representing the interests of companies in the European plastics recycling industry. The association currently has over 200 member organizations, including companies such as KPMG, Procter Gamble, and IKEA.   

According to a report by South Korea's News1 on March 19, the Ministry of Trade, Industry and Energy announced that it will establish and publish recycling standards for polypropylene (PP) to promote plastic recycling. The South Korean government has been developing and promoting comprehensive measures for plastic recycling since 2021, believing that achieving certain standards and quality is crucial for expanding the use of recycled materials. Jeon Young-gil, Director of the Unified Policy Bureau of the Korean Agency for Technology and Standards, stated that by standardizing high-quality recycled products based on recycled plastic materials, they aim to enhance the competitiveness of South Korea's recycling industry, promote a circular economy, and revitalize product exports.Polypropylene is a synthetic resin widely used in industries such as pipes and automotive parts. In particular, as a major raw material for packaging materials like distribution containers, it is extensively used in consumers' daily lives, and in recent years, consumption has surged sharply, leading to a rapid increase in waste. Additionally, the Korean Standards Agency established a standard for recycled high-density polyethylene (HDPE) for the first time in February last year (source: Ministry of Commerce website; image: AI). 

Tianyancha App shows that recently, Anhui Shengjieqi Biotechnology Co., Ltd. was established, with Sun Ping as the legal representative. The registered capital is 7.8 million RMB, and the business scope includes general projects such as research and development of industrial enzymes; research and development of bio-feeds; research and development of polymer technology for bio-based materials; manufacturing of bio-based materials; sales of bio-based materials; research and development of bio-based materials; manufacturing of high-performance fibers and composite materials; sales of high-performance fibers and composite materials; research and development of new materials; research and development of biological organic fertilizers; sales of fertilizers; sales of new organic active materials (except for licensed businesses, other operations can be conducted independently according to laws and regulations that do not prohibit or restrict); and licensed projects such as production of fertilizers (specific operating projects shall be carried out in accordance with the approved documents or permits from relevant departments after obtaining approval according to legally required procedures).According to Tianyancha, its legal representative is Sun Ping, and the associated enterprises are:Mingguang Shengjie Biological Technology Co., Ltd. was established on December 1, 2020, and is located in Mingguang City, Chuzhou City, Anhui Province. The company primarily engages in the technology of biological enzymatic separation of straw fibers, the research, development, production, and sales of biological fibers, as well as the extraction, production, and sales of organic fertilizers derived from enzymatic straw. Additionally, it is involved in the research, development, production, and sales of biological fiber paper. The company has a scale of 1-20 employees, is classified as another limited liability company, and operates in the medical equipment/instrument industry; however, based on the information provided, it may be more aligned with biotechnology or agriculture.On May 19, 2021, the official website of the Mingguang Finance Bureau announced that by mid-May 2021, the straw utilization processing enterprise Anhui Mingguang Shengjiaq Bio-Tech Co., Ltd. had been introduced, with a total investment of 160 million yuan. It is located in the Mingguang Industrial Park and uses wheat straw as raw material to produce pulp and paper through active enzyme decomposition, as well as organic fertilizer, which has broad prospects and high technological content, with fully automated production. The project has already started construction, and at that time, the first production line was expected to be completed for trial production by the end of June, with an annual processing capacity of 20,000 tons of straw, which will help further enhance the industrial utilization rate of straw in Mingguang City.On September 22, 2023, Anhui Science and Technology University’s School of Resources and Environment and Mingguang Shengjiqi Biotechnology Co., Ltd. held a signing ceremony for industry-university-research cooperation and a plaque授予仪式 for the base. Li Xiaoliang, dean of the School of Resources and Environment at Anhui Science and Technology University, expressed hope that this industry-university-research cooperation would serve as an opportunity for more in-depth collaboration.Source: Anhui Science and Technology University School of Resources and Environment官方网站 

On March 25, important news came from the Ministry of Commerce, where Li Gang, the Director of the Consumer Promotion Bureau, clearly stated that the Ministry of Commerce plans to significantly enhance the effectiveness of the export refund policy. In subsequent measures, the ministry will collaborate with relevant departments to release a series of targeted policy measures. This move aims to stimulate domestic consumption from multiple angles, with enhancing the effectiveness of the export refund policy becoming a key lever to boost inbound consumption.The exit tax refund policy refers to the policy of refunding value-added tax on goods purchased by foreign travelers at tax refund stores that are carried out of the country. Currently, this policy has been implemented in several provinces and cities in China, covering various product categories such as clothing, electronics, and handicrafts. This policy trend may bring new development opportunities for the export of plastic products in China. **Potential Impacts of the Plastics Industry on the Environment**1. **Pollution and Contamination**: The plastics industry is a significant source of pollution and contamination in the environment. Plastics can leach chemicals into waterways, harm aquatic life, and contaminate soil and air.2. **Climate Change**: The production and disposal of plastics contribute to greenhouse gas emissions, which exacerbate climate change.3. **Resource Depletion**: The extraction and processing of plastics require non-renewable resources, such as fossil fuels, which can lead to resource depletion and environmental degradation.4. **Waste Management**: The plastics industry generates massive amounts of waste, which can be difficult to manage and dispose of properly.5. **Human Health**: Exposure to plastics and their chemicals has been linked to various health problems, including cancer, reproductive issues, and neurological damage.6. **Food Waste**: The production and packaging of plastics contribute to food waste, as packaging materials are often not biodegradable or compostable.7. **Landfill Waste**: The plastics industry generates a significant amount of landfill waste, which can take hundreds of years to decompose.8. **Marine Life**: Plastics can entangle and kill marine life, and can also contribute to the spread of plastic debris in the ocean.9. **Economic Impacts**: The plastics industry can have significant economic impacts, including job losses, pollution costs, and environmental damage.According to data from the General Administration of Customs, in January 2025, the export value of plastic products was $10.13 billion, a year-on-year increase of 0.9%; the import value was $1.21 billion, a year-on-year decrease of 8.6%. In February, the export value of plastic products was $5.03 billion, a year-on-year decrease of 22.5%; the import value was $1.29 billion, a year-on-year increase of 7.8%. From January to February, the export value of plastic products was $15.16 billion, a year-on-year decrease of 8.3%; the import value was $2.5 billion, a year-on-year decrease of 0.8%, resulting in a trade surplus of $12.66 billion. Among these, plastic household products, packaging materials, and other products account for a certain proportion. Analysis suggests that if these products could benefit from an export tax rebate policy, it would further enhance the price competitiveness of China's plastic products in the international market.Export tax rebate rate for plastic products:The export tax rebate rate for plastic products depends on the specific commodity code. Below are common plastic products and their corresponding rebate rates:Value chain transmission effectUpstream raw material supply lines: PP, ABS, and other engineering plastics demand may increase.Manufacturing sector: The capacity utilization rate of export-oriented enterprises is expected to improve.End-user: Increased Price Competitiveness of Refundable Goods ② Implementation PolicyAccording to international experience, a well-implemented border tax-free trade regime can boost tourism and shopping consumption. For China's plastic industry,Short-term (within 1 year): Expected to boost export growth, primarily benefiting terminal products such as home goods and packaging.Mid-term (3 years): Promote industrial upgrading, environmental plastic products export market share expected to rise.Long-term: Assist in building a "dual circulation" development pattern to create a synergistic effect between international consumption center cities and manufacturing bases.It's worth noting that the implementation of the policy also requires the improvement of supporting measures. Plastic companies should prepare in advance for product certification, channel layout, and other tasks, while also enhancing the added value of their products to fully benefit from the policy.

On March 20, 2025, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced sanctions against Shandong Shouguang Luqing Petrochemical Co., Ltd., a refinery based in China. The United States stated that Luqing Petrochemical procured and refined Iranian crude oil, including oil from vessels associated with the Houthis and the logistics department of the Iranian Ministry of Defense. OFAC also sanctioned 19 entities and vessels related to Iranian oil transportation.This is the fourth round of sanctions targeting Iran's oil sales since the President issued National Security Presidential Memorandum No. 2 on February 4, 2025, ordering the maximum pressure against Iran.China is the world's largest oil import country, importing major oil from Arab States, Russia, and Iran. Saudi Arabia is China's largest oil import source, accounting for 8% of China's total oil imports.Shandong Shouguang Luqing Petrochemical Co., Ltd. was established in 2000 and is a joint-stock private enterprise. It has an annual polyethylene production capacity of 750,000 tons, including a linear device with a capacity of 400,000 tons per year and a low-pressure device with a capacity of 350,000 tons per year.The US trade restrictions on Chinese polyester manufacturers pose the following concerns:1. The impact of unaddressed supply chain issues may lead to raw material shortages, negatively affecting downstream industries, such as polyester, which is a key sector. 2. The potential increase in US tariffs could impact the polyester industry due to its high costs, which could be influenced by US-China trade relations and tensions, such as the Trump administration's plan to impose tariffs on several countries and Russia, with uncertain future talks between the two countries.1. The implementation of the Trump administration's plan to increase tariffs on several countries including Iran and Venezuela, will exacerbate the existing supply crunch for crude oil. The expected price hike in the US could prompt crude oil production to rise.2. China's polyester manufacturers may shift their focus to other sources of oil, such as Russia, South America, increasing their procurement costs, requiring more resources to verify the origin of the oil, and lengthening the supply chain.Data source: JinlianchengThroughout Q1 2025, the polyethylene market continued to decline despite the peak demand season for ground sheets in March, as downstream operations ramped up, and the macro environment in mainland China appeared favorable during the two sessions, export conditions were weak, and overall demand failed to meet expectations. With the release of production capacity from new investment projects in both the fourth quarter of 2024 and Q1 2025, along with slow inventory clearance throughout the Lunar New Year period, supply in mainland China remains ample. Under the pressure of competitive pricing to seek transactions, prices have continuously hit new lows. As of the time of publication, the mainline HDPE in the North China region is trading at 7800-8150 yuan/ton, LDPE at 9350-9700 yuan/ton, both showing significant declines from the beginning of the year, with some drops reaching 1000 yuan/ton.For Q2, there will be an increase in domestic repair equipment, particularly in the North China region, including Tianjin Chemical, China National Petroleum Corporation's Changsha Petrochemical, Yan'an Petrochemical, Qilu Petrochemical, as well as some independent local refineries, all having repair plans. Meanwhile, domestic expansion continues, with the Baofeng Petrochemical in Inner Mongolia and the ExxonMobil Heyzi Ethylene Project Phase I currently in trial operation, expected to produce合格品 by the end of March and early April. Supply fluctuations are expected as the peak demand season for ground sheets concludes; however, given the market situation, it does not support a sustained price rebound. However, the anticipated US sanctions may push up crude oil prices and increase production costs for some companies, which could help the market escape the lows from a cost perspective and is worth long-term attention.

errorAppendix: India's Final Ruling Tariff Table for Polyvinyl Chloride Paste Resin Involving ChinaIndian anti-dumping duties have been finalized, causing a stir in the PVC spot market. From price fluctuations to market supply and demand, and then to industry structure, the PVC market has been affected to varying degrees.China's PVC export competition weakensFrom the perspective of the anti-dumping tariffs imposed by India on various countries, the tariff levied on mainland China is the highest (248-707 USD/ton), far exceeding other countries and regions. For many years, India has steadily ranked first in China's PVC exports, and this high tariff will significantly weaken the price competitiveness of Chinese products. According to PlastInsight, in 2024, China's total PVC export volume is 2.6175 million tons, with 1.33 million tons exported to India, accounting for 50.81% of China's total domestic exports. If calculated based on the current FOB price of Chinese PVC paste resin exported to India at approximately 1200 USD/ton, after adding the anti-dumping duty, the landed cost may increase by 20%-60%, leading to Chinese products losing their competitive edge in the Indian market.Considering the strong demand in the Indian market, over 50% import dependency, and the temporary lack of alternative sources to Chinese supplies, there is still a possibility for growth in PVC exports to India, even if Chinese prices are slightly higher.PVC regional trade flow changesAffected by policies such as additional tariffs and anti-dumping duties on imports in India, the future of PVC import and export trade may see another divergence. In the short term, Chinese manufacturers might be forced to turn to emerging markets in Southeast Asia and Africa. Although countries in Southeast Asia and Africa are currently in a stage of rapid economic development and are vigorously promoting infrastructure construction, the overall volume is still insufficient to significantly support an increase in the scale of China's PVC exports. Under this situation, the export potential of the Indian market becomes increasingly significant for China's PVC industry. Therefore, over the past five years, India has remained the top destination for China's PVC exports.PVC price focus probes lowAffected by India's anti-dumping policy on imported PVC, the stockpiling mentality of Indian trading companies has weakened, and they are more cautious about stockpiling during the peak season compared to previous years. The market transaction volume is weak, and the focus of PVC transaction prices is fluctuating downward. From the current market situation, the main Asian PVC producers' advance sales quotations for April are expected to be announced next week. With sufficient supply from major exporting countries and regions, and with demand growth still uncertain, coupled with the recent weakening trend of shipping costs, it is expected that PVC quotations will have a downward adjustment space of 20-30 USD/ton compared to March.India's anti-dumping measures will reshape the trade landscape of PVC paste resin in the short term, promoting local capacity to replace imports. However, it may also increase the cost of downstream manufacturing, weakening the competitiveness of "Make in India." For Chinese companies, they need to focus more on increasing product value-added, developing high-end products, improving product quality and brand influence, to enhance their competitiveness in the international market and reduce the risk of anti-dumping actions triggered by price competition.

From the press conference held by the Shandong Provincial Government Information Office on March 20, it was learned that the proportion of advanced capacity in Shandong's petrochemical industry exceeds 40%, and efforts are being made to secure approval within the year for the 15 million ton integrated refining and petrochemical project of Dongming Petrochemical, the upstream and downstream supporting projects for PX at Dongying Port, and the PX industrial chain extension project on Yulong Island.In recent years, Shandong has creatively planned and implemented the "top project" of industrial economy, promoting the construction of a strong province in advanced manufacturing to high standards. The industrial foundation has continued to be consolidated and strengthened. In 2024, the annual growth rate of industrial value-added above designated size increased by 8.3%, which is 2.5 percentage points higher than the national average. The revenue of industrial enterprises above designated size approached 12 trillion yuan, firmly ranking among the top tier nationwide. The proportion of high-tech industry output value reached 53.32%, and the energy consumption intensity of industrial value-added above designated size decreased by 7.4%. Industrial investment and industrial technical renovation investment increased by 14.7% and 10%, respectively.In 2025, Shandong Province will focus on promoting key provincial industrial and technical renovation projects, continuing to implement the "thousand projects, trillion yuan" plan, aiming to add 1100 billion yuan in output value in the first quarter and about 6000 billion yuan for the whole year. Traditional industries will focus on quality improvement and renewal, accelerating equipment updates and technical upgrades, continuously optimizing the layout of major productive forces such as steel and refining, and completing the task of integrating and reducing coking capacity within the deadline. Continuously carry out the special action of "ten chains, one hundred clusters, ten thousand enterprises," promoting more than 100,000 small and medium-sized enterprises to find their place in the chain, striving to cultivate more than 1000 new specialized, refined, distinctive, and innovative enterprises, and around 300 national single-item champions and "little giant" enterprises. High-standard construction of four national manufacturing innovation centers, cultivating about 200 new provincial "one enterprise, one technology" RD centers, releasing more than 200 RD needs throughout the year, and implementing more than 3000 enterprise technological innovation projects. Vigorously promote the orderly peak of key industries such as petrochemicals, actively conduct energy conservation supervision and diagnosis for enterprises, and promote the continuous decline in energy consumption intensity per unit of added value of large-scale industries, aiming to cultivate 200 new provincial-level or above green factories and 15 industrial parks within the year.Traditional industries are the strength and potential of industrial development in Shandong Province. Data shows that the proportion of advanced production capacity in key sectors such as steel and petrochemicals in Shandong exceeds 40%, and the capacity ratio of "two high" industries reaching benchmark energy efficiency levels has surpassed 35%, exceeding the 14th Five-Year Plan target by 5 percentage points.Next, Shandong Province will continue to optimize the layout of major productive forces such as petrochemicals, following the overall strategy of "reduction, consolidation, expansion, less oil, more chemicals, and extended chain," and will implement the Lu Oil Lu Refining project of Qilu Petrochemical. It aims to secure approval within the year for the 15 million ton integrated refining and petrochemical project of Dongming Petrochemical, the upstream and downstream supporting facilities for PX at Dongying Port, and the extension of the PX industry chain on Yulong Island. It will also promote the orderly integration and transfer of local refining capacity, forming a petrochemical industry development pattern of "one base, two clusters."Shandong Province will continue to promote equipment updates in the industrial sector, aiming for the proportion of advanced capacity in key industries to exceed 60% by 2027. It will implement 100 new provincial-level key digital industry projects, focusing on areas such as chemicals, non-ferrous metals, steel, and mining, to carry out large-scale scenario applications. Efforts will be strengthened to apply green technology innovations, with around 100 green and low-carbon technological achievements released annually. The construction of zero-carbon parks will be steadily advanced, with a focus on piloting around 15 provincial-level zero-carbon parks, actively striving for national pilot status.