Background Briefing Hexamethylenediamine, also known as hexamethylenediamine, is an important chemical intermediate. It is mainly used for the production of polyamide 66 (also known as nylon 66 or PA66), which is widely used in automotive, electrical and electronic, aerospace, machinery, chemical, and textile industries due to its excellent overall performance. In addition, hexamethylenediamine is also used to produce specialty polyamides (such as PA610, PA6T, etc.), polyurethane raw materials such as hexamethylene diisocyanate (HDI), epoxy resin curing agents, rubber vulcanization accelerators, and as stabilizers in the textile and paper industries, among other applications. Process technology route There are multiple routes for the global production of hexamethylenediamine, with the butadiene cyanohydrin method occupying a dominant position. 01 Self-dicarbonitrile hydrogenation method According to the different raw materials, the process of hydrogenating hexanedinitrile to produce hexanediamine can be divided into three methods: butadiene cyanohydrin method, propionitrile electrolytic dimerization method, and hexanedioic acid catalytic amination method. 02 Caprolactam Ammoniation Dehydration Method Using caprolactam as a raw material, aminocapronitrile is first produced through ammoniation and dehydration, and then hydrogenated to obtain hexamethylenediamine. Representative companies include Toray Industries from Japan, Yangnong Ruitai under Sinochem in China, and Pingmei Shenma. Toray Industries commissioned its hexamethylenediamine plant in 1965, but at that time, the price of caprolactam was high, making it economically unfeasible. In April 2024, Jiangsu Yangnong Chemical Group, Xiamen University, and Ningxia Ruitai Technology Co., Ltd. jointly completed the "Key Technology Development and Industrialization of High-Quality Hexamethylenediamine Production via Caprolactam Method," filling the technological gap in the production of hexamethylenediamine using the caprolactam method and breaking the international monopoly. Ningbo Galnew Material Technology Co., Ltd. has acquired Japanese process technology and patents, and after optimization and improvement, has formed independent intellectual property rights. Pingmei Shenma Group is collaborating with this company to construct the Aisuan project. In June 2025, the first phase of the project, with an annual capacity of 50,000 tons of aminocapronitrile, will be put into production, and there are plans to build a hexamethylenediamine project.   Global Hexamethylenediamine Industry Review In 2024, global hexamethylenediamine production capacity will exceed 2 million tons per year, with a high market concentration. The capacity is mainly concentrated in international chemical giants such as Ascend, Invista, and BASF, as well as advanced domestic enterprises like Chongqing Huafeng, Pingmei Shenma, and Tianchen Qixiang. The global production and consumption of hexamethylenediamine in 2024 is estimated to be around 1.55 million tons, with an actual operating rate of about 75%. Ascend is currently the largest producer of hexamethylenediamine in the world, with a total production capacity of 600,000 tons per year. Its production bases include the Pensacola plant in Florida and the Decatur plant in Alabama in the United States, as well as the Lianyungang plant in Jiangsu, China. However, due to multiple factors such as global trade frictions, industry cyclical fluctuations, and increasing market competition, Ascend is facing significant operational pressure. In April 2025, Ascend announced its entry into bankruptcy reorganization to reduce debt and optimize its capital structure; on June 17, the company announced the orderly shutdown of the Lianyungang plant in Jiangsu. Invista's global capacity for hexamethylenediamine exceeds 500,000 tons per year, with production bases located in the United States, Canada, and Shanghai, China. Notably, Invista originally planned to shut down the hexamethylenediamine and hexamethylendiamine units at its Orange facility in the U.S. starting in 2023. According to the initial plan, the hexamethylenediamine production unit at the Orange facility was to immediately initiate safety shutdown procedures, while the hexamethylenediamine production was scheduled to cease in mid-2024. However, in October 2024, Invista announced a partnership with Dow, deciding to continue long-term production of hexamethylenediamine at the Orange facility, given its demonstrated safety, reliability, and competitive operational capabilities when producing solely hexamethylenediamine. Additionally, in July 2024, Invista announced the restart of the hexamethylenediamine production line at its Maitland facility in Canada, which resumed production in the first quarter of 2025. BASF announced in June 2025 that its new hexanediamine plant in Chalampé, France, has been successfully put into operation, increasing its global hexanediamine production capacity to 260,000 tons per year. The implementation of this project not only consolidates BASF's competitive advantage in the upstream of the polyamide industry chain but also provides a stable raw material guarantee for the polyamide industry in Europe.   Review of China's Hexamethylenediamine Industry 1 Supply Analysis: In 2024, there are a total of 8 caprolactam production enterprises in China, with a combined production capacity of 1.37 million tons per year, and the industry's effective operating rate is approximately 55%. By the end of 2024, China's total production capacity of hexamethylenediamine will reach 1.371 million tons per year, with the new capacity mainly concentrated in the East China region. The domestic production of hexamethylenediamine in 2024 is expected to be approximately 463,000 tons, an increase of 18.4% year-on-year. From the perspective of competitive landscape, China's hexamethylenediamine production enterprises are mainly concentrated in the East China region, including Shanghai, Jiangsu, Zhejiang, Shandong, and Chongqing. The East China region accounts for 65% of the production capacity. The industry has a high concentration, with the top three enterprises (TOP3) collectively accounting for about 52% of the national total production capacity. Major production enterprises include Invista, Tianchen Qixiang, and Huafeng Group. From 2021 to 2024, domestic hexamethylenediamine production capacity is rapidly increasing, especially with significant capacity expansion in 2024. The main reasons driving the rapid expansion of China's hexamethylenediamine capacity include: (1) National policy support. The government has introduced a series of policies to support the upgrading of the chemical industry and the localization of key materials, encouraging enterprises to break through "bottleneck" technologies such as hexanediamine and hexanedinitrile. These policies create a favorable environment for capacity expansion and enhance the overall competitiveness of the polyamide industry. (2) Breakthrough in the domestication of upstream raw material adiponitrile. Hexamethylenediamine is produced by hydrogenating adiponitrile. In the past, the production technology of adiponitrile has long been monopolized by overseas companies, which restricted the development of the domestic hexamethylenediamine industry. Since 2022, domestic companies such as Huafeng Group and Tianchen Qixiang have made significant breakthroughs in adiponitrile production technology, achieving large-scale production and successfully resolving the supply bottleneck of upstream raw materials for hexamethylenediamine, laying a solid foundation for the capacity expansion of hexamethylenediamine. (3) Strong demand from downstream markets. The main downstream products of hexamethylenediamine (HMDA) are PA66 and HDI. Among them, the application demand for PA66 in the automotive, electronics, and engineering plastics sectors continues to grow; the consumption of HDI in high-performance coatings and adhesives markets is rapidly increasing. The robust demand in the downstream market directly drives the consumption growth of the raw material HMDA, further promoting capacity expansion. 2 Demand Analysis: With the rapid growth of PA66 and HDI consumption, the consumption of hexamethylenediamine is expected to increase by 15% year-on-year in 2024. In 2024, China's consumption of hexamethylenediamine reached 495,000 tons, a year-on-year increase of 15.1%. Currently, PA66 is the largest consumption field for hexamethylenediamine in China. In 2024, domestic PA66 production capacity is 1.292 million tons/year, with a production volume of approximately 701,000 tons and a consumption volume of about 725,000 tons. In 2024, the domestic production of PA66 is expected to grow, primarily due to the continuous release of industry capacity, increased market supply, a favorable export market, and rapid growth in downstream demand. The downstream applications of PA66 are divided into three main categories: engineering plastics, industrial yarns, and civilian yarns. In 2024, the growth in PA66 demand will be mainly driven by the engineering plastics and industrial yarn sectors, with the automotive and electronics industries in the engineering plastics downstream and the tire industry in the industrial yarn downstream being the primary sources of PA66 demand growth. HDI is the second largest consumption field for China's hexamethylenediamine. As an aliphatic isocyanate without a benzene ring structure, HDI-based polyurethane coatings exhibit high resistance to yellowing and chalking, and can maintain the gloss of the paint surface for a long time. It is widely used in automotive, industrial protection, woodwork, and marine applications. The use of HDI aligns with the trend of upgrading polyurethane coatings towards high performance and environmental friendliness, leading to a continuous increase in consumption. In 2024, domestic HDI production capacity is expected to experience explosive growth. In addition to Covestro maintaining its existing capacity of 80,000 tons/year, Wanhua Chemical's Ningbo plant, Meirui New Materials, and Xinheng Cheng's HDI projects will all begin production, with total domestic HDI capacity reaching 330,000 tons/year by the end of 2024, an output of approximately 141,000 tons, and a consumption of about 130,000 tons. The application fields of hexamethylenediamine in China also include the production of special polyamides such as PA610 and PA6T, epoxy resin curing agents, a small amount used as rubber vulcanization accelerators, as well as stabilizers in the textile and paper industries. 3 Supply and demand forecasting: Caprolactam is still in a rapid development stage in China. Due to the accelerated localization of the raw material adiponitrile and the consumption drive from downstream PA66 and HDI, it is expected that the annual average growth rate of caprolactam consumption will remain at 10.1% by 2030. Currently, the domestic hexanediamine industry is still in a rapid development stage, and PA66 and HDI will continue to be the core driving forces for the growth in hexanediamine consumption. PA66 Market Outlook From 2024 to 2030, China's consumption of PA66 is expected to maintain a rapid growth trend, with an overall growth rate of about 8%. The growth in consumption is mainly driven by strong demand in the fields of engineering plastics and industrial yarns. At the same time, domestic PA66 production capacity will continue to expand, with an expected capacity of 2.8 million tons per year by 2030. With the increase in capacity, market supply capability will also be enhanced, and it is anticipated that from 2024 to 2030, the production growth rate will be approximately 11.5%, further driving the demand for hexamethylenediamine. HDI Market Outlook As a key raw material for high-performance polyurethane coatings, the demand for environmentally friendly high-performance coatings in industries such as automotive, construction, and woodworking will drive the continuous increase in HDI consumption in China. It is expected that from 2024 to 2030, domestic HDI consumption will grow rapidly at a compound annual growth rate of 8.3%. By 2030, with the gradual implementation of a series of new and expanded projects, domestic HDI production capacity is expected to reach 433,000 tons per year. At that time, market supply capacity will be significantly enhanced, and during the period from 2024 to 2030, production is expected to achieve an average annual growth rate of 8.3%, thereby increasing the demand for hexamethylenediamine. Market Outlook for Diethylamine Chinese enterprises are actively planning new construction and expansion projects for hexamethylenediamine, with a total of 1.752 million tons/year of new capacity planned domestically. Strong companies such as Xinhecheng, Zhejiang Petrochemical, Fujian Gulei, Liaoyang Petrochemical, and Hualu Hengsheng are all entering the market. Assuming all these projects are completed and put into production, combined with the exit of some existing domestic capacity, the total domestic capacity for hexamethylenediamine could reach 2.9 million tons/year. Although there is considerable uncertainty regarding the commissioning of some long-term projects, China's production capacity for hexamethylenediamine will still significantly exceed downstream consumption, leading to a more intense competitive landscape in the market.   China's Hexamethylenediamine Price Analysis In recent years, the price of hexamethylenediamine (HMDA) in China has shown a trend of rising first and then falling. In the first half of 2024, the price of HMDA rose, mainly due to the increase in crude oil prices, the continuous rise in the price of butadiene, a raw material for adiponitrile, which pushed up production costs; short-term supply tightness in the HMDA market; and strong demand from downstream PA66. By the second half of 2024, the price of HMDA fell back, reaching 21,000 yuan/ton by the end of the year. In the first half of 2025, the price of hexamethylenediamine (HMDA) is expected to show a divergent pattern of "international price increase and domestic price decrease" due to three factors: the localization of raw materials, tariff policies, and overcapacity. The hexamethylenediamine industry in China is characterized by a relatively concentrated market structure. If production enterprises cease operations due to equipment maintenance, natural disasters, safety accidents, or other factors, it will directly lead to a short-term supply gap, which will in turn drive the price of hexamethylenediamine to rise rapidly. For those production enterprises that rely on purchasing hexamethylenediamine, they may face the risk of supply disruption.   Thoughts on Ascend's Closure of Its Hexamethylenediamine Factory in China On June 17, 2025, global PA66 integrated producer Ascend Performance Materials announced the orderly closure of its hexamethylenediamine production facility located in Lianyungang, China. The plant has an annual capacity of 200,000 tons, and its closure will reduce the supply of hexamethylenediamine. In the short term, the supply tightness in the hexamethylenediamine market will intensify, especially in the Asia-Pacific region. Companies relying on the supply from this plant will face raw material shortages and may need to import from other regions or seek alternative suppliers. Additionally, the reduction in supply and market panic may drive up hexamethylenediamine prices. For downstream companies, since hexamethylenediamine is a key raw material for producing PA66 and HDI, the closure of the plant will increase the difficulty and cost for PA66 and HDI producers to obtain hexamethylenediamine. Some companies dependent on the supply from Ascend's Lianyungang facility may reduce production or even halt operations due to insufficient raw materials. The capacity layout of the Ausun De Lianyungang factory was originally planned to be constructed in three phases. Phase one, with an annual output of 200,000 tons of hexamethylenediamine, also includes specialty amine chemicals such as FlexaTram™ used in coatings, pharmaceuticals, and the oil and gas industries, which began operations in October 2024. Phase two is for the polyamide business, and phase three is for the raw material acrylonitrile. However, Ausun De has announced the orderly shutdown of the factory, less than eight months since the factory officially began operation. Aosenda's main purpose for setting up factories in China is to be closer to the Asia-Pacific market, reduce transportation costs through localized production, and avoid trade barriers (such as US-China tariffs). However, with the domestic breakthroughs in the production of hexamethylenediamine, domestic capacity has seen explosive growth, and market competition has become increasingly fierce. Local companies, leveraging their understanding of domestic market demand and well-established upstream and downstream industrial chain layouts, have demonstrated competitive advantages in cost control, pricing strategies, and customer service, putting Aosenda at a competitive disadvantage. Closing factories is essentially a loss-cutting measure taken by Aosenda to avoid continuous losses in intense competition. From the perspective of strategic adjustment, Ausand's closure of the Lianyungang factory highlights its strategic intention to refocus its business on the United States. By integrating internal resources, Ausand can enhance operational efficiency, concentrating limited resources on core business areas and regions with competitive advantages. At the same time, it will pay more attention to the resilience and security of the supply chain, establishing a more complete and controllable production and supply system in core market areas. Additionally, ongoing trade frictions have profoundly impacted Ausand's global business layout—the changes in tariff policies have significantly increased the cost of exporting products from the U.S. to international markets, directly weakening the price competitiveness of its products in the international market and affecting sales. Therefore, in the near future, it is expected that Ausand will focus on serving the customer base in the domestic U.S. market. For Chinese hexamethylenediamine production enterprises, after Ascend closed its Lianyungang factory, its original market share has become vacant, providing domestic companies with an opportunity to quickly fill the gap. However, the current domestic hexamethylenediamine market has shown a situation of oversupply. If domestic manufacturers want to enhance their competitiveness and expand their market share, the key lies in optimizing production, reducing costs and increasing efficiency, and improving product performance.

In recent years, the competition within the textile industry has intensified, and this year it has faced unprecedented internal and external challenges. It is clear to anyone with insight that limitless competition will only harm the industry, and even the last ones standing may not necessarily emerge as the winners.   Unprecedented wave of production shutdowns This summer, the textile industry experienced an unprecedented wave of production stoppages. In recent years, regions with rapid capacity growth, such as Xinjiang, northern Jiangsu, and Henan, have already seen significant shutdowns. These shutdowns also include some machines that were recently put into operation in the past two years, which have higher profitability than older machines and face substantial cost recovery pressure. They will only choose to shut down as a last resort. Some traditional textile clusters in the Yangtze River Delta region are relatively better off, with smaller scales of production stoppages. These companies have been operating for many years, so their customer base and product sales channels are relatively more stable. They also have a certain level of technological accumulation, allowing them to produce higher-end products, but there are still some measures in place to reduce production. According to normal market trends, this wave of production halts is expected to last for at least another month.   Unprecedented external challenges In addition, the black swan events that have occurred from time to time over the years, along with the increasingly advanced textile industry overseas, have brought unprecedented challenges to domestic textile enterprises. In terms of tariffs, the indiscriminate taxation imposed by the United States on the entire world is something that most people did not anticipate. As one of the most important textile consumption markets globally, the U.S. has universally increased tariffs on all textile-exporting countries. This not only has a significant impact on clients in the U.S., but also affects businesses engaged in domestic trade and those in other countries whose impact was originally minimal. When the U.S. reduces its orders, the companies that previously relied on U.S. orders will compete in other markets, driving prices lower and lower. In terms of shipping, the Red Sea crisis has not only increased freight costs due to the need to detour around the Cape of Good Hope, but it has also lengthened the shipping time, resulting in delays in the recipient receiving their goods. This, in turn, has effectively extended the payment terms and compressed cash flow. In terms of homomorphic competition, the textile industry in Southeast Asia and Central Asian countries has experienced rapid development in recent years and is naturally not satisfied with merely being an OEM. They are beginning to extend upstream and downstream in the industrial chain. If it comes to direct competition, Chinese enterprises are certainly not afraid, but they will also want to protect their domestic industries. This year, India has implemented restrictions on the import of Chinese textile machinery.   The survivor is not necessarily the king. There is a saying in the market: "The remaining ones are kings." It means that in the end of competition, the surviving enterprises can capture most of the market and become the winners. In the past few decades, there have been many examples of textile companies that turned around with just a few orders when they were in dire straits, so many textile companies hold on to this idea as well. Many textile enterprises are holding on, thinking that if they endure this period, everything will get better. But times have changed; in the current situation, merely surviving does not guarantee success. Currently, in the textile market, the production capacity of conventional products is the least valuable, and it is very difficult to eliminate this capacity. This surplus situation is expected to continue for a long time. Under the conditions of excess capacity, even if the market really shows signs of recovery, unless there are some companies that have already established a competitive advantage in certain aspects, it will be very difficult for most textile enterprises to earn excess profits.   The urgency to combat involution is imminent. In March of this year, the government work report explicitly emphasized the need to adjust the competition characterized by "involution"; on June 27, the new "Anti-Unfair Competition Law" was revised and will come into effect on October 15 of this year; on July 1, the Central Financial Committee meeting again proposed "anti-involution" competition, addressing the issue of chaotic low-price competition among enterprises and promoting the orderly exit of backward production capacity. On the same day, the magazine "Qiushi" published an article titled "Deeply Understand and Comprehensively Rectify 'Involutionary' Competition." The article states that "involutionary" competition confines various entities to a low-price, low-quality, and ineffective competition, breaking through the boundaries and bottom lines of market competition, disrupting market order, and allowing its development will lead to endless harm. In the case where the market's self-regulation fails, it is hoped that administrative measures can bring the textile industry back to a healthy development track.

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

International News Digest: Raw Material News - Ecobat Completes Sale of Italian Business to Haiki Dallas Recycling News - Plastics Recycling Facility Launched in Cornwall to Process Microfibres from Laundry Toy News - New Company Structure Sparks Rumors of Sale at One of Germany's Largest Toy Manufacturers Macro News - U.S. Government Sends Letter to American Companies, Clearing the Way for Resuming Ethane Exports to China Price Information - RMB Central Parity Rate Against USD Reported at 7.1523, up 23 Points   The following is the detail of international news: 1、Ecobat Completes Sale of Italian Business to Haiki Dallas Ecobat, a global leader in battery recycling, today announced the successful completion of the sale of its battery and polypropylene recycling business in Italy to Haiki + S.p.A.  The transaction includes Ecobat’s facilities in Marcianise, Paderno Dugnano, and Bologna, and marks Ecobat’s exit from the Italian market. 2、Black Swan Graphene to Partner with METCO for Graphene-Enhanced Masterbatches Black Swan Graphene announces that it has entered into a non-exclusive distribution and sales agreement with METCO Resources, an Indian supplier of specialty materials and polymers, to supply Black Swan’s graphene-enhanced masterbatches for a wide range of polymer applications 3、Covestro Strengthens Cast Polyurethane Elastomers Business Presence in Taiwan Covestro strengthens cast polyurethane elastomers business presence in TaiwanCovestro has announced to strengthen its Cast Polyurethane (CPU) elastomers business network in Taiwan. This targets demands in automated equipment, smart logistics, offshore wind power, waterproofing for construction and infrastructure, and pulp & paper industries. This strategic deployment deepens local service and sales support for innovative material systems and edge cutting casting machines, embodying the group's customer-centric philosophy. 4、Industry Collaboration Aims to Streamline Certification for rPET / EPBP Liaises with European Committee for Standardisation A joint industry initiative has seen the publication of a guidance on certification schemes to support waste management operators and sorters in complying with EU Regulation 2022/1616.The regulation mandates third-party certification of quality assurance systems for food-contact recycled plastics. The guidance provides a detailed interpretation of the legal framework and is intended as a practical tool for both EU and non-EU operators, as the latter must meet equivalent requirements.   5、Plastics Recycling Facility Launched in Cornwall to Process Microfibres from Laundry A “WORLD-FIRST” recycling centre has been launched in Cornwall, UK which will recycle plastics extracted from up to 86 t/y of microfibres captured in washing machines. 6、New Corporate Structure, Germany's Largest Toy Manufacturer Triggers Sale Rumors Once all the rage, almost occupying every child's roomPlaymobil toys no longer enjoy the same market glory as they once did. The Geobra Brandstätter Group, based in Zirndorf, Germany, recorded a significant loss of 120 million euros in the 2023/24 fiscal year, marking the group's most severe crisis in years. To reverse the downturn, the group recently announced plans for structural reorganization while firmly denying rumors about selling off parts of its business. According to the information disclosed by the group,The Playmobil theme park, logistics department, and its flowerpot brand Lechuza will be divided into separate subsidiaries. The group stated that this adjustment aims to improve organizational efficiency, grant each department greater autonomy and responsibility, thereby enhancing overall competitiveness.   The following is overseas macro market information: 【Siemens says U.S. has lifted export restrictions on chip design software to China】 It was learned on July 2 local time that Germany's Siemens AG received notification from the U.S. government that the U.S. has lifted export restrictions on chip design software to China. According to the company's statement, the German supplier has restored Chinese customers' full access to its software and technology. Synopsys said the U.S. has revoked export restrictions targeting China. Several Chinese semiconductor companies also confirmed receiving relevant notices from overseas EDA enterprises. 【Reuters: U.S. government sends letter to American companies, revoking a restrictive licensing requirement to clear the way for resuming ethane exports to China】 According to Reuters, the U.S. government sent letters to two major American ethane producers and exporters, Enterprise Products Partners and Energy Transfer, on Wednesday (July 2) local time, revoking a restrictive licensing requirement imposed a few weeks ago, clearing the way for resuming ethane exports to China. The report noted that this is a sign of the ongoing trade war truce between the U.S. and China. It also stated that after the restrictions were lifted, eight ships have sailed to China. 【Ecuador suspends operation of two oil pipelines due to heavy rains】 Ecuador's state-owned oil company announced on July 2 local time that heavy rains have caused increased water flow in the Loco River in El Chaco, Napo Province. To protect infrastructure and the environment, the operation of two oil pipelines in Ecuador's pipeline system has been suspended as a precaution. The announcement said professional technicians are urgently building a bypass pipeline to ensure the safe transportation of crude oil, with the project expected to be completed in about three days.   Price information: 【RMB central parity rate against USD】   The central parity rate of RMB against USD was reported at 7.1523, up 23 points; the previous trading day's central parity rate was 7.1546, the previous trading day's official closing price was 7.1670, and the previous night's closing price was 7.1622.   【Raw material USD market prices】 Ethylene Asia: CFR Northeast Asia 850 USD/ton; CFR Southeast Asia 860 USD/ton. Propylene Northeast Asia: FOB Korea average 745 USD/ton; CFR China average 795 USD/ton. Northeast Asia frozen cargo CIF: Propane 523-525 USD/ton; Butane 495-497 USD/ton. South China frozen cargo CIF for early August: Propane 563-573 USD/ton; Butane 528-538 USD/ton. Taiwan region frozen cargo CIF: Propane 523-525 USD/ton; Butane 495-497 USD/ton. 【LLDPE USD market prices】 Film: 875-930 USD/ton (CFR Huangpu); Injection molding: 940 USD/ton (CFR Dongguan). 【HDPE USD market prices】 Film: 910-930 USD/ton (CFR Huangpu); Blow molding: 860-870 USD/ton (CFR Huangpu). 【LDPE USD market prices】 Film: 1080-1090 USD/ton (CFR Huangpu); Coating: 1350 USD/ton (CFR Huangpu). 【PP USD market prices】 Homopolymer: 935-980 USD/ton (CFR Huangpu); Copolymer: 965-995 USD/ton (CFR Huangpu); Film grade: 1000 USD/ton (CFR Huangpu); Transparent grade: 1085 USD/ton (CFR Huangpu); Pipe grade: 1160 USD/ton (CFR Shanghai).  

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

Plastixs, a supplier of injection molding and material handling equipment, has introduced Mouldpro HiTemp EPDM push-on hoses designed specifically for high-temperature water applications up to 250°F. The hoses work with push-on fittings, eliminating the need for hose clamps while providing superior performance in elevated temperature environments. The design prevents cracking and hardening common in traditional water hoses.Plastixs Advanced features for demanding applications Unlike traditional hoses rated only for 180°F, the Mouldpro HiTemp EPDM push-on hoses resist cracking and hardening at higher temperatures. This allows processors to use convenient push-on hoses and fittings in high-temperature applications, significantly reducing mold setup and changeover times compared to conventional braided hose solutions. The company noted that processors have long struggled with the limitations of standard hoses in high-temperature applications. Its new Mouldpro HiTemp line addresses this challenge directly, offering the convenience of push-on connections without sacrificing performance at elevated temperatures. The hoses feature: Smooth antistatic EPDM nitrosamine-free rubber compound for enhanced safety and durability; reinforcement with synthetic textile yarns providing superior burst resistance; special cover design that prevents blistering and bubbling even under sustained high-temperature operation; enhanced resistance to abrasion, ozone, heat, and weather for extended service life; consistent performance across varying temperature ranges from ambient to 250°F. Technical specifications The Mouldpro HiTemp hoses are available in three inner diameter sizes: 3/8-inch (9.5 mm) for smaller cooling circuits; 1/2-inch (12.7 mm) for standard cooling applications; 3/4-inch (19 mm) for high-flow requirements. All sizes are rated for working pressures up to 400 PSI (28 bar), making them suitable for the most demanding industrial applications. The hoses maintain their flexibility and integrity even after prolonged exposure to high temperatures, significantly reducing maintenance requirements and downtime associated with hose failure. The compatibility with Mouldpro Quick Connect Safety Couplings creates a complete system solution that ensures leak-free connections and rapid installation. This system approach can reduce mold changeover times by up to 50% compared to traditional braided hose installations that require wrenches and other tools, according to the company. Industry applications The new hoses are particularly valuable for injection molders working with engineering-grade resins, including polycarbonate, polyetherimide, high-temperature nylons, and specialty thermoplastics, that require higher mold temperatures. Processors in automotive, medical, and aerospace sectors will find these hoses especially beneficial for maintaining precise temperature control in critical applications. Availability and packaging The Mouldpro HiTemp EPDM push-on hoses are available immediately in rolls of 164 feet (50 meters), allowing processors to customize lengths according to their specific requirements. Custom pre-cut lengths with installed fittings are also available upon request. Plastixs, based in Shrewsbury, MA, specializes in helping customers overcome production obstacles and optimize equipment efficiency with more than 35 years of industry experience. The company provides solutions for injection molding, blow molding, thermoforming, and extrusion processes, focusing on reducing downtime and improving throughput. As part of its approach to customer support, Plastixs, a Globeius company, offers technical consultation to help processors determine the optimal hose configuration for their specific applications, including temperature requirements, flow rates, and space constraints.

【International News Digest】 Raw Materials - The new plastic is completely soluble in seawater — no micro-particles Automotive - Syensqo Unveils Bright Orange Flame-Retardant PPA for EV Safety Applications Corporate - Sulzer inaugurates biopolymer engineering and scale-up center Macro - Trump Team Considers Meeting with Iran This Week Price - USD/CNY Central Parity Rate at 7.1746, Up 43 Pips International News Details The new plastic is completely soluble in seawater — no micro-particles Japanese scientists from the The Center for Research on New Materials (RIKEN) was established a new type of plastic, is a recyclable material that dissolves in seawater, leaving no residue behind. The plastic, called alkyl SP2 has high strength, can be molded at temperatures above 120°C, and can be transformed into anything from hard shells to soft films. At the same time, unlike most biodegradable plastics, this material does not leave behind any microplastic particles. It can completely dissolve in seawater within 2-3 hours. Syensqo Unveils Bright Orange Flame-Retardant PPA for EV Safety Applications Belgian materials giant Syensqo has launched Amodel PPA HFFR-4133 Orange (OR), a flame-retardant polyphthalamide designed for electric vehicle (EV) safety applications.This advanced material features a stable, vibrant orange hue that retains brightness even after prolonged high-temperature exposure, addressing growing industry demands for safety and visibility in critical EV components like connectors and busbars. Sika launches PU adhesive for primerless auto glass replacement Sika launches Sikaflex® P2G Premium, a high-performance solution designed to complement their primerless auto glass replacement (AGR) product line. Sikaflex® P2G Premium offers a 3-hour minimum drive-away time (MDAT), optimized performance at elevated temperatures, short cut-off string, plus excellent decking and glass-slip properties. Sulzer Inaugurates Biopolymer Engineering and Scale-Up Center Sulzer Ltd. (Winterthur, Switzerland) opened its fourth location in Switzerland. The Innovation Technology Hub (InTecH) in Winterthur Töss will further enhance Sulzer’s research and development capabilities in advanced biopolymer engineering and recycling. With 3,150 m2 of laboratory and research space, this strategic investment is part of the company’s ongoing commitment to sustainable innovation. Syensqo and Fairmat enter collaboration for carbon-fiber recycling SyensqoS.A. (Brussels, Belgium) and Fairmat S.A.S., a French company that turns carbon fiber into scalable, high-performance recycled materials, have entered into a collaboration agreement. Under this agreement, Fairmat will recycle Syensqo’s U.K. carbon fiber prepreg waste, transforming it into valuable resources for the production of new products in the sports, energy, mobility, and electronics markets.  OMAN：Government support fuels growth of plastics processing sector Two years ago, Oman and its state-owned petrochemicals group OQ launched the Labayn incentive programme – a scheme designed to encourage plastics processing companies to set up operations in the Gulf state. The initiative appears to be bearing fruit. So far, 18 companies from Europe, the Middle East, India, China, and Southeast Asia have committed to investing, said Abdul Rahman Al-Tamtami, OQ’s vice-president of global marketing, speaking at a press conference in Rotterdam in the Netherlands.   Overseas Macro Market Updates   BOJ Maintains Rates, Plans Slower Bond Tapering Next Year: The Bank of Japan kept its benchmark interest rate at 0.5% and will slow bond purchase tapering to ¥200 billion per quarter from next fiscal year (current pace: ¥400 billion/month), in line with market expectations. Trump Team Considers This Week’s Iran Talks: Axios reported the White House is weighing talks with Iran this week on the nuclear deal and Israel ceasefire. A U.S. official confirmed discussions on the proposal, with the U.S. reportedly using potential supply of bunker-busting bombs to Israel as a bargaining chip. Lagarde Urges Action to Boost Euro’s Global Role: ECB President Christine Lagarde called for decisive steps to strengthen the euro’s role in the international monetary system, emphasizing Europe must solidify geopolitical credibility, economic resilience, and institutional frameworks.   Price Information   【USD/CNY Central Parity Rate】The central parity rate of the Chinese yuan against the U.S. dollar was set at 7.1746, up 43 pips from the previous trading day. The previous day's central parity rate was 7.1789, the official closing price was 7.1802, and the overnight closing price was 7.1818. 【Raw Materials - USD Market Prices】 Ethylene (Asia): CFR Northeast Asia: $800/ton, up $10/ton CFR Southeast Asia: $850/ton Propylene (Northeast Asia): FOB Korea average: $710/ton, down $10/ton CFR China average: $760/ton North Asia LPG (CIF): Propane: $581-583/ton Butane: $551-553/ton South China LPG (July arrival, CIF): Propane: $593-603/ton Butane: $540-550/ton Taiwan LPG (CIF): Propane: $581-583/ton Butane: $551-553/ton 【LLDPE - USD Market Prices (CFR)】 Film grade: $915/ton (Huangpu) Injection molding grade: $960/ton (Dongguan) 【HDPE - USD Market Prices (CFR)】 Film grade: $910-915/ton (Huangpu), up $10/ton Hollow grade: $860/ton (Huangpu), down $5/ton 【LDPE - USD Market Prices (CFR)】 Film grade: $1,035/ton (Xiamen) 【PP - USD Market Prices (CFR)】 Homopolymer: $885-935/ton (Huangpu) Copolymer: $955-1,040/ton (Huangpu) Film grade: $1,025-1,090/ton (Huangpu) Transparent grade: $1,065/ton (Huangpu), down $20/ton Pipe grade: $1,160/ton (Shanghai)

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

International News Digest: Raw Material News-Eastman loses $375M DOE grant for Texas plastics recycling facility； Auto News-Asahi Kasei launches new series of Sunfort™ dry film photoresist； Packaging News- KHS Partnership with Husky to launch lightweight PET bottle ； Macro News-Institution: The growth rate of the global smartphone market has declined for three consecutive quarters.； Price information-The central parity rate of the RMB against the US dollar was reported at 7.1869, up 21 points.   The following is an international news update: 1. Eastman loses $375M DOE grant for Texas plastics recycling facility； After a U.S. Department of Energy (DOE) nreview, specialty materials company Eastman has lost a $375 million grant it had been awarded in March 2024 to help cover the costs of building its second molecular recycling facility for plastics in the country—a $1.2 billion project—in Longview, Texas, where the company has maintained an operational presence for decades. 2. KHS Partnership with Husky to launch lightweight PET bottle German packaging machinery specialist KHS , in close collaboration with Canadian injection moulding machine manufacturer Husky , has unveiled an ultra-lightweight PET bottle for still beverages.Currently knows as Factor 101, the bottle weighs just 5.89 g while holding 591 ml – a 30% material reduction compared to standard lightweight bottles on the US market, the company said. 3. Sulzer to supply proprietary equipment to Emirates Biotech for PLA facility in UAE Sulzer to supply proprietary equipment to Emirates Biotech for PLA facility in UAESulzer has recently signed a supply contract with Emirates Biotech to provide the proprietary equipment that will serve as the technological core of the world-scale Polylactic Acid (PLA) production facility being built by Emirates Biotech in the United Arab Emirates. This follows a licensing agreement signed in December 2024, reinforcing the strategic partnership between the two companies. 4. Asahi Kasei Launches New Sunfort™ Dry Film Photoresist Series According to foreign media reports, Asahi Kasei Corporation (Asahi Kasei has developed the Sunfort™ dry film photoresist TA series, aimed at meeting the growing demand in the advanced semiconductor packaging field for applications such as artificial intelligence (AI) servers. This product is positioned as a strategic product within Asahi Kasei's materials division, aiming to enhance its influence in the rapidly growing next-generation chip packaging market. The dry film utilizes traditional step exposure systems and laser direct imaging (LDI) systems, providing ultra-high resolution that helps transfer circuit patterns onto substrates during the packaging process, thereby improving the performance and precision of back-end processes.  5. BASF launches €6B sale of coatings business BASF SE has launched the previously announced sale of its coatings business, with the potential deal valued at about €6 billion, according to a Bloomberg report May 30. In recent weeks, the company has sent information on the business to potential bidders, the report said. 6. EUROPEN launches interactive guidebook to help businesses navigate EU PPWR EUROPEN has released a new interactive guidebook designed to help businesses navigate the evolving requirements of the EU Packaging and Packaging Waste Regulation (PPWR).   The following is overseas macro market information: Overseas macro market information: 【Minutes of the Federal Reserve 's May Monetary Policy Meeting.】 tend to act cautiously and predictably in terms of policy easing. He believes that it is not the time to shift policy to an expansionary stance. The policy is in a favorable position and can respond decisively when necessary. Lowering the cash rate is an appropriate response to global risks. The reason for the interest rate cut of 25 basis points is higher than that of 50 basis points. He believes that policy is ' somewhat restrictive ' at the current interest rate level. 【Goldman Sachs : Aluminium prices may fall to $ 2,100 a tonne due to accelerating Indonesian supply.】 Goldman Sachs said it expects aluminium prices to fall to a low of $ 2,100 a tonne by early 2026, a level that would suspend overinvestment in Indonesian smelting capacity. Three 500,000 tonnes smelters in Indonesia will be operational by mid-2026, earlier than expected, according to Goldman Sachs. The increase in production will lead to a million tons of excess supply in 2026, the largest excess since 2020. 【Bank of Japan Governor 's dovish remarks push the yen lower in early trading.】The yen weakened against most other G10 and Asian currencies in early trading due to dovish signs of earlier remarks by Bank of Japan Governor Takeda and Masahiro. Ueda said that uncertainty, including the prospect of trade policy, is still high, and this uncertainty may continue even if the tariffs are determined. The Bank of Japan will not pre-set interest rate policy, nor will it promote interest rate hikes in order to make room for future interest rate cuts. The US dollar rose 0.3 % against the Japanese yen in early trading, the euro rose 0.1 % against the Japanese yen, and the New York dollar rose 0.2 % against the Japanese yen. 【Institution: The growth rate of the global smartphone market has declined for three consecutive quarters.】 The latest research from Canalys shows that in the first quarter of 2025, the global smartphone market achieved only 0.2% growth, with shipments reaching 296.9 million units. As the phased peak of device replacements comes to an end and manufacturers seek healthier inventory levels, the growth rate of the global smartphone market has declined for three consecutive quarters. Samsung ranked first, with shipments reaching 60.5 million units; Apple ranked second, with shipments of 55 million units, capturing a 19% market share; Xiaomi remained in third place, with shipments of 41.8 million units and a market share of 14%. Vivo and OPPO ranked fourth and fifth, respectively, with shipments of 22.9 million units and 22.7 million units. 【Trump says Iran will not be allowed to conduct any uranium enrichment activities.】According to U.S. media reports on June 2, U.S. Middle East envoy Wittekov proposed a new plan regarding the Iran nuclear issue on May 31, which would allow Iran to conduct limited low-concentration uranium enrichment activities for a certain period of time. However, U.S. President Trump later denied this statement, stating that no uranium enrichment activities would be allowed for Iran. 【Japan 's 10-year bond auction is in hot demand, and Thursday 's 30-year auction is the next test.】 In this JPY 2.6 trillion 10-year bond auction, the bidding multiple jumped from 2.54 last month to 3.66, far exceeding the average level of the past year. Investors pay close attention to Thursday 's 30-year auction, which will determine whether the market is ready to meet the pain of normalization after the Bank of Japan withdraws from the ultra-loose policy. 【OECD once again lowered its global economic growth forecast, which is expected to be 2.9 % this year and next. 】 OECD lowered its global economic growth forecast for 2025 from 3.1 % to 2.9 %. The forecast for global economic growth in 2026 is lowered from 3 % to 2.9 %. The U.S. economic growth forecast for 2025 was lowered from 2.2 % to 1.6 %. Japan 's economy is expected to grow by 0.7 % in 2025 and 0.4 % in 2026. The UK 's economy is expected to grow by 1.3 % in 2025 and 1 % in 2026. Germany 's economy is expected to grow by 0.4 % in 2025 and 1.2 % in 2026. OECD said that easing trade tensions is the focus of global policy. Protectionism exacerbates inflationary pressure. The OECD stated that easing trade tensions is a global policy priority. Protectionism has exacerbated inflationary pressures. Price Information: 【Central parity rate of RMB vs USD】 The RMB's central parity rate against the US dollar is set at7.1869, up by 21 points; the previous trading day's midpoint was 7.1848, the previous trading day's official closing price was 7.1991, and the overnight session closed at 7.1972. 【Upstream raw material USD market prices】 Ethylene Asia:CFR Northeast Asia $780/ton; CFR Southeast Asia $850/ton. Propylene Northeast Asia:The average FOB price in South Korea is 745 USD/ton, down 5 USD/ton; the average CFR price in China is 775 USD/ton, down 10 USD/ton. North Asia frozen cargo CIF, Propane550-552 USD/ton; Butane 520-522 USD/ton. South China frozen goods CIF prices in early July: Propane at $602-612/ton; Butane at $537-547/ton. Taiwan region frozen cargo landed price, propane550-552 USD/ton; butane 520-522 USD/ton. 【LLDPE USD market price】 Film:$875/ton (CFR Huangpu), down $5/ton. Injection molding:USD 970/ton (CFR Dongguan) 【HDPE USD market price】 Thin film:$900-920/ton (CFR Huangpu), down $5/ton. Hollow:865-870 USD/ton (CFR Huangpu); 【LDPE USD market price】 Film: (Note: The word "" translates directly to "film" in English, but without additional context, it's not clear if this is referring to a specific type of film or if there should be more to the sentence. Therefore, only "Film" is provided as a direct translation.) 1025-1035 USD/ton (CFR Huangpu), down by 5 USD/ton; 【PP USD market price】 Uniform aggregation:$890-950/ton (CFR Huangpu), down $15/ton. Copolymerization:955-1060 USD/ton (CFR Huangpu); Membrane material:1025-1090 USD/ton (CFR Huangpu); Transparent: USD 1085/ton (CFR Huangpu), down USD 10/ton. Pipes:1160 USD/ton (CFR Shanghai).  

Global energy and chemical industry market information service agencies recently stated that American chemical companies are facing profit contraction due to fluctuations in oil and natural gas prices, while also dealing with issues related to tariffs and economic uncertainty. Analyst Koze Olko stated that the key driving factor behind the rise in U.S. gas prices is the surge in liquefied natural gas (LNG) demand from Europe and the Asia-Pacific region. Due to the strong growth in electricity demand from data centers, U.S. natural gas supply may tighten further. In contrast, oil demand is expected to decline due to accelerated supply growth from non-OPEC producers such as the U.S., Brazil, and Guyana, the rapid adoption of electric vehicles, and a slowdown in economic growth, which may lead to a drop in oil prices. It is estimated that the average price of Brent crude oil will drop by 6.7% in 2025 and by another 7.4% in 2026; the average price of WTI will also drop by 6.7% in 2025 and by another 7.9% in 2026. The cost of chemical raw materials in the United States, especially ethane, will fluctuate with the rise and fall of gas prices. It is estimated that the average price of natural gas in the United States will increase by 66.8% in 2025 and by another 3.9% in 2026. The trends of both will inevitably squeeze the profit margins of U.S. ethylene producers. However, the demand for ethylene is declining. Tariffs have increased the import costs of raw materials used to make catalysts and plastic additives, and the EU and Canada may impose retaliatory tariffs on polyethylene exported from the United States. Peter Huntsman, CEO of U.S. chemical producer Huntsman Corporation, expects that the rebound in the U.S. real estate market may be delayed due to uncertainties over tariffs and mortgage interest rates, and the demand for ethylene from the construction industry will continue to be weak, further exacerbating the instability in the ethylene market.

Introduction: The deepening game of tariffs between China and the US, how does the "tariff war" affect the import volume of EVA from the United States and the photovoltaic industry closely related to EVA? On April 2, local time, U.S. President Trump signed two executive orders at the White House regarding the so-called "reciprocal tariffs," announcing a 10% "minimum baseline tariff" on trade partners. Additionally, Trump will impose personalized higher "reciprocal tariffs" on countries with the largest trade deficits with the U.S., with a 34% reciprocal tariff specifically on China. On April 4, China announced a 34% tariff on all goods imported from the U.S. The tariff policy game between China and the U.S. continues to deepen. What impact will the "tariff war" have on the import volume of EVA from the U.S. and the photovoltaic industry closely related to EVA? 1. The import pattern of EVA changes under the pressure of tariffs. Data source: General Administration of Customs In 2024, the total import volume of EVA was 915,900 tons, down 34.21% year-on-year, hitting a five-year low. China has multiple trade partners for EVA imports, with the United States ranking fifth, accounting for 5.97% of imports. After the imposition of additional tariffs, the cost of importing EVA from the United States has increased significantly, and trade barriers have been significantly upgraded. Under the dual pressures of cost and policy, it is expected that the import volume of EVA from the United States will decrease. This change brings opportunities for China's EVA production enterprises, and the market share of domestic EVA products will further increase. II. "Reciprocal Tariffs" Put Pressure on Photovoltaic Industry From the table above, it can be seen that the United States has imposed "reciprocal tariffs" of 32%, 36%, 46%, and 49% on products from trade partners such as Indonesia, Thailand, Vietnam, and Cambodia. This policy continues the United States' long-standing resistance to Chinese photovoltaics and includes the main photovoltaic manufacturing countries in Southeast Asia under high tariffs. According to data from the U.S. Energy Information Administration (EIA), the total import volume of photovoltaic components in the United States in 2024 is 48.7GW, with Southeast Asia's share dropping to 65%, and China's direct export share rebounding to 12% (about 5.8GW), but the scale of Chinese enterprises transferring through third countries such as Mexico and Turkey reaches 8.3GW, accounting for 17% of U.S. imports. The highest proportion of photovoltaic component imports in the United States is still in Southeast Asia, however, 80% of Southeast Asia's photovoltaic capacity is invested and constructed by Chinese enterprises. EVA, as an important upstream raw material for photovoltaic components, the impact of tariffs on photovoltaic components will indirectly affect EVA products. U.S. "reciprocal tariffs" have taken effect, causing a surge in the cost of imported photovoltaic modules. This has suppressed domestic photovoltaic installation demand in the U.S., leading to a decline in imports from Southeast Asia. At the same time, the capacity of Chinese companies in Southeast Asia has been impacted, and the volume of photovoltaic products transshipped through third countries to the U.S. may be affected. The challenges faced by China's photovoltaic industry in the U.S. market have intensified. Despite the uncertainty in the Sino-US tariff game, the trend of global energy transition towards clean and low-carbon remains unchanged. As long as China's EVA and photovoltaic industries adhere to innovation-driven and open cooperation, they can turn challenges into opportunities in the global energy transformation, achieve high-quality and sustainable development, and contribute Chinese strength to the global clean energy cause.

[Policy Background] On April 2, 2025, the U.S. government announced the imposition of "reciprocal tariffs" on Chinese goods imported into the United States. On April 4, 2025, the State Council Tariff Committee issued an announcement that starting from 12:01 on April 10, 2025, tariffs would be imposed on imported goods originating from the United States. The relevant matters are as follows: 1. An additional 34% tariff will be imposed on all imported goods originating from the United States based on the current applicable tariff rates. 2. The current bonded and preferential tax policies remain unchanged, and the additional tariffs imposed this time will not be exempted. 3. For goods that have been shipped from the place of departure before 12:01 on April 10, 2025, and are imported between 12:01 on April 10, 2025, and 24:00 on May 13, 2025, the additional tariffs stipulated in this announcement will not be imposed. The import of raw materials from the United States into China, subject to a 34% tariff, will have multi-faceted effects on domestic metallocene polyethylene. 1. Supply gap and price increase According to********statistics, North America is currently the world's leading producer of metallocene polyethylene, followed by Southeast Asia and Northeast Asia. In the North American and Southeast Asian production areas, ExxonMobil has a higher capacity share, followed by Dow; in the Northeast Asian production area, South Korea and China have leading capacities, but China's effective capacity is low, and regional supply shortages often rely on imports. North America is a resource-exporting region, with the United States having the largest export volume. According to statistics, the production capacity of polyethylene in the US is close to 7 million tons, and its products are mainly exported to South America, Southeast Asia, and China. According to a survey by Longzhong Information, imports from the US account for about 25% of China's polyethylene imports. In the short term, the rise in import costs from the US will have a certain impact on domestic polyethylene prices. The imposition of tariffs will directly increase the price of its products in the Chinese market, weakening their competitiveness. 2. Adjustment of Import Structure and Acceleration of Domestic Production Currently, China's imports of polyethylene from Majors mainly come from Singapore, Thailand, the Middle East, South Korea, and the United States. In the future, with the increase in import costs from the United States, the proportion of imports from other production areas will rise accordingly. In 2025, the ExxonMobil Huizhou facility will commence production, which will replace imports from Singapore and North America. Resources from North America and Singapore, aside from self-use, will flow to Europe and other countries. Additionally, as Singapore serves as a major transshipment hub, some goods from the Middle East and North America are stored and transshipped in this area; in the future, with the increase in import costs from the United States, the transshipment proportion in Singapore will also rise. Domestic companies (such as Sinopec, CNPC, and private enterprises) have already entered the production of metallocene polyethylene, but the capacity remains limited (in 2024, the domestic share was less than 30%). Tariff policies will encourage local companies to join the production of metallocene polyethylene, but technical barriers (such as severe product homogenization and a single product range) may slow down the substitution rate. 3. Increased costs of downstream raw materials and terminal products Based on the earlier situation of the United States imposing additional tariffs, the 10% tariff increase starting from March 4th in the United States mainly involves plastics products under Chapter 39 of the United States Harmonized Tariff Schedule (HTS), including plastic daily necessities such as storage boxes, children's toys, and bathroom products. According to statistics, in 2024, the proportion of China's export volume of plastic products to the United States in the total export volume fell to 20.48%, and the proportion of export value fell to 21.28%. After the United States imposed additional tariffs, the overall trend of China's plastic products export value to the United States will continue to decline. Domestic metallocene polyethylene is mainly used in agricultural film, food and daily chemicals, floor heating pipes, industrial packaging and other fields. Imported metallocene polyethylene is mostly used in high-end film fields, where the proportion of imported metallocene added in single material films is relatively high, leading to an increase in raw material costs and export costs, resulting in a significant reduction in enterprise profits, forcing downstream companies to accept high prices or seek alternative raw materials. Overall, the impact of US tariff increases on China's market for metallocene polyethylene products is multi-faceted. The rise in import costs from North America will inevitably lead to changes in global trade patterns. Currently, China imports most of its metallocene polyethylene from Southeast Asia and the Middle East. In recent years, imports of metallocene polyethylene from North America have been decreasing, so the impact of tariff increases on China is limited. In the short term, domestic high-end polyolefin products are still in the process of breaking through the "chokepoint," and complete substitution of imports will require time. However, the startup of the Exxon plant in Huizhou will reduce the import cost of China's metallocene polyethylene, easing the cost pressure on downstream enterprises. Although it will have some impact on the supply of China's metallocene polyethylene market in the short term, from a long-term perspective, it also provides an opportunity for the restructuring and transformation and upgrading of China's metallocene polyethylene industry.

International News Digest:Raw Material News - Shell Completes Sale of Refining and Chemical Assets in SingaporeKorean KG Mobility Teams Up with Chery Automobile to Develop Mid-to-Large-Sized SUVPackaging News - 9 million tons of plastic pressure, Vietnam's 870 trillion beverage market faces green packaging transformation!Exhibition Highlights - The RePlast Eurasia Expo will be held in Turkey in May, gathering pioneering forces in the plastic recycling industry.Equipment News - Swiss Auto Injector Manufacturer Invests $220 Million to Build Factory, Entering the U.S. Auto Injection Equipment MarketMarket News - Brazilian Congress Plans to Draft Legislation to Counter Unilateral Trade ActionsMarket Price News - Ethylene Asia: CFR Northeast Asia $855/ton; CFR Southeast Asia $920/ton Here is the translated content:The following is an overview of international news:Shell completes sale of Singapore refining and petrochemical assetsOn April 1, Shell announced that it had completed the sale of its Singapore Energy and Chemicals Park to a joint venture formed by Glencore and Indonesian chemical manufacturer PT Chandra Asri Pacific. Specific financial details were not disclosed. Shell announced the transaction on May 8, 2024. The Singapore Energy and Chemicals Park includes refining and chemical assets located on Pulau Bukom and Jurong Island. The assets on Pulau Bukom include a refinery with a capacity of 237,000 barrels per day, which was established in 1961, and an ethylene cracker with an annual capacity of 1.1 million tons.2. BASF Launches New High-Temperature Nylon Product!Recently, BASF has further expanded its Ultramid® Advanced T1000 series products for durable components requiring special thermal management. This product series is developed based on polyamide 6T/6I resins, and the latest additions include optimized products with high hydrolysis resistance (HR) and high purity (EQ, or electronic grade). The newly developed HR and EQ grades exhibit excellent high strength and high rigidity at elevated temperatures, while also demonstrating outstanding creep resistance and good compatibility with coolants. Their overall performance significantly surpasses that of standard polyamide grades and many other PPA products available on the market.3. In May, the RePlast Eurasia Exhibition will land in Turkey, bringing together pioneering forces in the plastic recycling industry.RePlast Eurasia, as Turkey's first and only exhibition focused on the plastic recycling industry, holds a unique position in the industry. From May 8 to 10, 2025, the exhibition will once again gather leading brands and authoritative experts from the global recycling field. The event is jointly organized by Tuyap and the PAGCEV Association, dedicated to showcasing cutting-edge technological innovations in every aspect of the plastic recycling process. During the exhibition, visitors will have the opportunity to explore hundreds of products and service types, including raw materials, equipment (including advanced waste sorting equipment), recycling technologies, collaboration resources from waste collection and sorting companies, professional design agencies, and consulting services.4. The United States has made a final ruling on the anti-dumping and countervailing duties for epoxy resin, with the dumping margin for Chinese producers/exporters at 354.99%.On March 31, 2025, the U.S. Department of Commerce issued an announcement, making the final ruling on anti-dumping duties for epoxy resins imported from China, India, South Korea, Thailand, and Taiwan, China. Due to the lack of participation in the response from Chinese enterprises, the dumping margin for producers/exporters from China was determined to be 354.99%, while for producers/exporters from India it was 12.69%-15.68%, for those from South Korea it was 5.62%-7.59%, for those from Thailand it was 5.25%, and for those from Taiwan, China it was 10.93%-26.98%.5. Korea's KG Mobility Collaborates with Chery Automobile to Develop Mid-to-Large SUVsOn April 2nd, it was reported that South Korean automaker KG Mobility announced today that it held a joint development signing ceremony for mid-to-large SUV models with Chery Automobile in Wuhu, Anhui yesterday. The two parties will strengthen technical cooperation to promote future development. This signing ceremony follows the strategic partnership and platform licensing agreement signed with Chery in October last year, marking a concrete plan for substantive collaboration. Both sides will jointly develop mid-to-large SUVs for domestic and international markets and enhance cooperation in areas such as autonomous driving and software-defined vehicle E/E architecture (electrical/electronic hardware and software, etc.).6. Plastic Parts manufacturer Pittsfield Plastics installs a 1600-ton injection molding machine to produce PE parts.Injection molder Pittsfield Plastics Engineering (PPE) has announced the installation of a new 1,600-ton Jupiter 14000 injection molding machine from Absolute Haitian Corp. for large-part molding. The press, along with associated robotics and auxiliary equipment, will allow PPE to meet the needs of its latest customer, a manufacturer of septic products and services for the residential and commercial sanitation waste industry.7. Swiss automatic injector manufacturer invests $220 million to build a factory, entering the U.S. automatic injection molding equipment market.SHL Medical, a syringe manufacturer based in Switzerland, officially opened its most advanced new manufacturing plant in North Charleston, South Carolina. SHL Medical stated that the expansion, first announced in summer 2022 with an investment of $220 million, contributed to the local economy and created hundreds of new jobs in the area.8. 9 million tons of plastic pressure, Vietnam's 870 trillion beverage market faces green packaging transformation!The Vietnam Beer-Alcohol-Beverage Association (VBA) highlights that packaging plays a pivotal role in the modern economy by safeguarding products throughout the complex supply chain from production to consumption. It serves as a vital medium for brand communication and is crucial to the efficiency of the entire production and consumption system. Particularly for an economy like Vietnam, which boasts robust exports and strong domestic demand, the healthy development of the packaging industry holds strategic significance. Data from Nguyen Thanh Giang, General Director of Tetra Pak Vietnam, indicates the packaging industry's immense growth potential: Vietnam's food and beverage sector is projected to achieve a compound annual growth rate (CAGR) of 10.3% by 2027, with the market size reaching 872.9 trillion Vietnamese dong. This powerful market momentum not only demands expanded production capacity in the packaging industry but also raises higher expectations for innovation, functionality (such as aseptic preservation), design, and sustainability. Overseas macro market information:【Brazilian Congress Proposes Bill to Counter Unilateral Trade Actions】 On April 1 local time, the Economic Affairs Committee of the Brazilian Senate unanimously passed a proposal titled the "Economic Reciprocity Bill," aimed at authorizing the Brazilian government to take countermeasures when its foreign trade interests are harmed. Since this bill adopts a fast-track mechanism, it will bypass a full Senate vote and be directly submitted to the House of Representatives for deliberation.【Tesla European Sales Plunge】 Tesla electric vehicles have seen a sharp decline in sales in several European markets due to dissatisfaction with CEO Elon Musk and a boycott of his company's products, as well as reduced appeal after being on the market for many years. According to a report by Agence France-Presse on April 1, data from the French automotive manufacturer and sales platform showed that in March, Tesla's sales in France fell by 36.8% year-on-year amidst a slight dip in the overall French electric vehicle market. Swedish data indicated that Tesla's sales in March dropped by 63.9% year-on-year, and by 55.2% in the first quarter. In Denmark, Tesla's sales in the first quarter declined by 56% year-on-year.Goldman Sachs: Downgrades forecast for 10-year Japanese government bond yield by the end of 2025 to reflect U.S. recession risks; yen is the preferred tool to hedge against U.S. recession and tariff risks. Goldman Sachs' research team stated in a report that it has lowered its forecast for the 10-year Japanese government bond yield by the end of 2025 from the previous 1.60% to 1.50% to reflect the increased risk of a U.S. economic recession. Goldman Sachs noted that the rising risk of such an outcome may affect market pricing of the Bank of Japan's continued tightening policy. Goldman Sachs stated: "The downward trend in the stock market and relatively low U.S. economic growth also tilt the risks towards a stronger yen."Goldman Sachs expects the yen to strengthen to the lower end of the 140 zone against the dollar this year, as concerns around US growth and trade tariffs will boost demand for the yen. It believes that if the risk of a US economic recession increases, the yen will be the best hedge for investors.On April 1st local time, the Mexican government issued a statement saying that President Sheinbaum held his first telephone conversation with new Canadian Prime Minister Carney on the same day, during which both sides reached a consensus on the importance of maintaining economic competitiveness in North America. The statement noted that the leaders of the two countries agreed to continue dialogue to promote the process of regional economic integration while respecting the sovereign rights of member states. The Canadian government's statement described the leaders' call as productive, stating that Canada and Mexico are committed to deepening trade relations and jointly building a stronger economy.【Japanese Rice Prices Hit 12th Straight Week of Record Highs, Average Price per Bag Exceeds 200 Yuan】Latest statistics from Japan’s Ministry of Agriculture, Forestry and Fisheries show that the average price of a 5-kilogram bag of regular rice in Japan is 4,197 yen (approximately 204 yuan RMB), which is about twice the price of the same period last year, marking 12 consecutive weeks of record highs. Japanese Prime Minister Shigeru Ishiba stated on April 1st that if necessary, the government will release more reserve rice into the market to stabilize prices.【Canada to Avoid Tariff Retaliation That Could Affect Domestic Jobs and Drive Up Prices】 Canada will refrain from implementing tariff countermeasures that could impact domestic employment and increase prices, according to two federal trade advisors. The country will not impose retaliatory tariffs on most U.S. food products and other essential goods.Finland has announced that it will completely shut down coal-fired power plants this spring. On April 1, the Finnish government stated that as two energy companies gradually close all coal-fired power plants, Finland will fully stop using coal in energy production this year. The Finnish government indicated that in the future, energy companies will rely on electric boilers, heat pumps, energy storage, biomass energy, and waste heat recovery to produce thermal energy, while the focus of electricity generation will shift to wind, nuclear, hydro, and solar energy.【MOFCOM Extends Anti-Dumping Investigation on Imported Brandy from EU to July 5】 In accordance with the provisions of the "Regulations of the People's Republic of China on Anti-Dumping," on January 5, 2024, MOFCOM issued Announcement No. 1 of 2024, deciding to initiate an anti-dumping investigation into imported brandy originating from the EU. On December 25, 2024, MOFCOM issued Announcement No. 59 of 2024, deciding to extend the investigation period to April 5, 2025. Given the complexity of this case, in accordance with Article 26 of the "Regulations of the People's Republic of China on Anti-Dumping," MOFCOM has decided to further extend the investigation period to July 5, 2025. Price information:【The central parity rate of the renminbi against the US dollar was下调18 basis points.】Note: It seems there is a missing word in the original Chinese sentence. The correct sentence should be "【人民币兑美元中间价下调18个基点】". The translation provided is the closest accurate representation given the context, but typically it would be phrased as "The central parity rate of the renminbi against the US dollar was下调18 basis points." or more naturally, "The central parity rate of the renminbi against the US dollar was adjusted down by 18 basis points."The central parity rate of the yuan against the US dollar was set at 7.1793, down by 18 basis points. The previous trading day's central parity rate was 7.1775, the official closing rate was 7.2687, and the overnight rate closed at 7.2706.Upstream raw material USD market priceEthylene Asia: CFR Northeast Asia $855/ton; CFR Southeast Asia $920/ton.Propylene Northeast Asia: FOB Korea average price 800 USD/ton; CFR China average price 820 USD/ton, down 5 USD/ton.North Asia frozen cargo CIF price, propane $627-629 per ton; butane $617-619 per ton.The onshore price for South China frozen goods in April is as follows: propane 627-629 USD/ton; butane 617-619 USD/ton.The landed price of frozen goods in the Taiwan region: propane $627-629 per ton; butane $617-619 per ton.【LLDPE U.S. Dollar Market Price】Film: $955/ton (CFR Huangpu);Injection molding: 1010 USD/ton (spot in Dongguan bonded area);【HDPE US Dollar Market Price】Film: $940-950 per ton (CFR Huangpu).Hollow: $890-965/ton (CFR Huangpu)Injection molding: $825/ton (CFR Huangpu).LDPE USD Market PriceFilm: $1120/ton (CFR Huangpu), down $15/ton;Coating: $1360 per ton (CFR Huangpu).PP USD Market PriceAverage concentration: 935-990 USD/ton (spot), down 5 USD/ton;Co-polymer: $995-$1060/ton (CFR Huangpu spot)Film material: 1030-1105 USD/ton (CFR Huangpu);Transparent: $1020-$1050 per ton (CFR Huangpu spot);Tubing: $1,160 per ton (CFR Shanghai).

Recently, the commissioning ceremony for the first phase of the 30,000-ton-per-year modified polymer materials construction project by CGN Juner (Zhongshan) New Materials Co., Ltd. was held at the Greater Bay Area Polymer Materials RD and Intelligent Manufacturing Base.The new project has an area of 18,000 ㎡ and will be operated by Zhongshan Juner Company. It is planned that 12 production lines will be activated in the first phase.The annual production capacity is expected to reach 30,000 tons, mainly producing new materials such as modified polypropylene (PP), polycarbonate (PC), and polyamide (PA)., the products are widely used in automotive, electrical, communication, medical, mechanical, aviation, and other fields. Next, ZS Vision will provide a detailed analysis of modified PP, PC, and PA. We will examine the main application areas of these three materials and briefly discuss the future prospects of China's modified plastics market.I. Modified Polypropylene (PP)Due to the high shrinkage rate, poor dimensional stability, susceptibility to warping and deformation, brittleness at low temperatures, poor toughness, and poor resistance to light and heat aging of PP material, it must be modified. Modified polypropylene PP possesses excellent mechanical properties and can be used as a substitute for engineering plastics, metals, and thermosetting resins.Commonly used PP modified plastics include the following types:1. Flame-retardant PP:The material has a distinct property of significantly delaying flame spread.Application: Flame-retardant PP is mainly used in household appliances, electrical and electronic components, battery housings, and bathroom equipment, etc.2. Enhanced PP:It is a mixture of polypropylene with glass fibers or organic fibers, asbestos, or inorganic fillers (talc powder, calcium carbonate).Application: Enhanced PP is mainly used for manufacturing various mechanical parts, including automotive fans, air conditioning fans, and water purifier filter bottles. In the electrical industry, it can be used to replace ABS and HIPS in various household appliance exterior parts, and is widely used in refrigerator tops, air conditioning bases, foot baths, and more.3. Weather-resistant PP:By modifying PP material for weather resistance, the lifespan of PP material for outdoor use is significantly improved using modified PP.Application: Weather-resistant PP is mainly used in the production of appliance casings, indoor and outdoor air conditioning components, and outdoor products such as assembled flooring.4, High Gloss PP:It is high-gloss polypropylene plastic.Application: High-gloss PP is mainly used for external parts of small household appliances, such as rice cookers, toilet seats, coffee machines, etc.  II. Modified Polycarbonate (PC)The main performance defects of PC are its insufficient hydrolysis stability, sensitivity to notches, poor resistance to organic chemicals, and poor scratch resistance. Long-term exposure to ultraviolet light can cause PC to yellow. Like other resins, PC is also susceptible to erosion by certain organic solvents. PC has poor wear resistance, and some PC devices used in applications prone to wear require special surface treatment.Modified PC is a plastic that undergoes processing modifications on the basis of PC, endowing it with superior properties such as flame retardancy, impact resistance, high toughness, and ease of processing.Common modified PC plastics include the following types:Toughened PC (Polycarbonate)Toughened PC is mainly divided into ordinary toughened PC and high-flow toughened PC.Applications: General-purpose toughened PC materials can be used for thin-wall products, automotive parts, mobile phones, and other electronic and electrical products; while high-flow PC can be used for ultra-thin-wall components, such as tablet back covers (0.4mm).2. Flame-retardant PC:Flame-retardant PC has excellent mechanical properties, high heat deflection temperature, high dielectric strength, good electrical insulation, and also has good flame-retardant effects.Application: Flame-retardant PC can be widely used in high-end chargers, lamp holders, switch panels, and other products.3, GF-PC: Glass Fiber Reinforced PolycarbonateThe material commonly available includes PC+10% GF (glass fiber) and PC+20% GF. PC+10% GF material has excellent impact performance, good toughness; excellent heat resistance, not prone to thermal deformation; less surface floating fibers, evenly distributed glass fibers; good spraying performance, low rate of poor spraying. PC+20% GF material has good flowability and high rigidity; fewer fibers, good chemical resistance; low rate of poor spraying.(1) PC+10%GF material is mainly used for mobile phone middle frames.(2)PC+20%GF material is mainly applied in mobile phone frames, tablet computers, and without steel inserts. III. Modified Polyamide (PA)PA has excellent mechanical properties, wear resistance, and self-lubricity, and it has good formability. However, it has deficiencies in water absorption, dimensional stability, and electrical performance, and its high and low-temperature resistance also needs improvement. Where there is demand, there is production, and modified nylon specialty materials have achieved many improvements through methods such as filling and reinforcement, and blending.The varieties of modified PA are numerous, including reinforced PA, aromatic PA, transparent PA, high-impact (super-tough) PA, electroplating PA, conductive PA, flame-retardant PA, PA blends and alloys with other polymers, etc., meeting various special requirements. As structural materials, they are widely used as substitutes for traditional materials such as metals and wood.Common PC modified plastics include the following types:1. Glass fiber reinforced PAThe characteristics of glass fiber reinforced PA lie in its significant improvement in mechanical properties, heat resistance, and dimensional stability, while maintaining good wear resistance, chemical corrosion resistance, and processability.The application of fiberglass-reinforced PA, due to its excellent properties, is widely used in many fields such as the automotive industry, electronics and electrical appliances, mechanical manufacturing, industrial equipment, aerospace and national defense industry, home products, etc. It provides solutions with high strength, high rigidity, wear resistance, and corrosion resistance for products across various industries.2, Weather-resistant PA:By adding carbon black and other UV-absorbing additives to PA, it exhibits excellent weather resistance, allowing it to be used outdoors or in harsh environments for long periods without easily aging or changing color, while maintaining stable physical and mechanical properties.Application: Weather-resistant PA is widely used in outdoor construction, external automotive parts, electronic and electrical enclosures, outdoor sports equipment, agricultural facilities, and other fields due to its excellent weather resistance. It can maintain stable performance when exposed to harsh environmental conditions such as sunlight, rain, and wind-blown sand for long periods, and it is not prone to aging, discoloration, or brittleness.3. Transparent PA:Transparent PA exhibits good tensile strength, impact resistance, rigidity, wear resistance, chemical resistance, surface hardness, and high light transmittance, comparable to that of optical glass.Application: Transparent PA (polyamide), due to its excellent transparency, chemical resistance, wear resistance, and good processability, is widely used in fields such as optical frames and lenses, automotive interior and exterior components, electronic and electrical domains (such as switches and casings), mechanical parts (such as filters and flow meters), sports equipment (such as sports glasses and diving gear), and as a material for permanent laser marking.4. Flame Retardant PA:Flame-retardant PA has excellent flame-retardant performance, effectively preventing or slowing down combustion while maintaining the original mechanical, heat resistance, and chemical resistance properties of PA.Application: Flame-retardant PA is widely used in fields requiring high flame-retardant performance, such as rail transit, aerospace, automotive manufacturing, electrical and electronic equipment, and building fire protection.  4. What is the prospect of China's modified plastics market?The overall development level of China's modified plastics industry is relatively low. The production scale of enterprises in the industry is relatively small compared to foreign companies in the same industry. The market situation of products is characterized by a large number of low-end products, unstable mid-range products, and a lack of high-end products, far from meeting the needs of China's 21st-century economic development.Therefore, modified plastics, as an important component in the field of new chemical materials, have been listed as one of the key technology development areas by the country. The market for modified plastics used in automobiles in China is primarily occupied by foreign enterprises, with domestic modified plastic companies holding less than one-third of the market share. Most domestic enterprises' products are largely limited to low technical content and low standards, and they clearly lack the capability to explore areas with high performance requirements.The downstream sectors of modified plastics are primarily the automotive, electronic appliances, and home appliance industries, which together account for over 50% of the market. In recent years, the introduction of automotive incentive policies has significantly boosted industry growth. Additionally, the policy direction toward energy conservation and emissions reduction has encouraged automotive manufacturers to reduce vehicle weight to achieve these goals, further driving the development of the modified plastics industry.According to data from the HuaJing Industry Research Institute, benefiting from the continuous expansion of the industry scale and the sustained growth of downstream demand, China's modified plastic production has also continued to increase.In 2023, the market size of modified plastics in China reached 310.7 billion yuan, increasing by 6.44% year-on-year, accounting for 28% of the global market share.The global modified plastic market size was approximately 428.5 billion US dollars in 2023.It is expected that by 2025, the market size in our country will exceed 400 billion yuan, with a CAGR of 8%-10%.There are more than 3,000 modified plastic companies in the country, but only about 70 companies have capacities exceeding 3,000 tons, and there are few domestic companies with capacities over 10,000 tons. Major producers include companies such as Kingfa Sci. Tech., Guoen Co., Ltd., Polynt Reifenadditive, Dynasol Elastomers China, Wote Inc., Rongxin Plastics, YeeTex Technology, PolyUnion, Nanjing JULONG, CGN JUNER, and others.Among them, Kingfa Science Technology and Guonei Co., Ltd. both produced over 100 million tons in 2023, with a combined market share of about 10%; Kingfa Science Technology has the largest market share at 8.33%. Profitec, Dynax, and Unity Drive Plastic had production between 10 and 100 million tons. In the future, driven by trends such as "replacing steel with plastics," "automotive lightweighting," and "home appliances becoming lighter, thinner, and more fashionable," the demand for modified plastics in China will continue to rise. Among these, new energy vehicles, wind and solar energy storage, and humanoid robots are the main growth areas. In particular, 2025, marking the first year of mass production of humanoid robots, will bring new demand growth points.Moreover, the lightweight and intelligent development of automobiles imposes higher requirements on materials. For instance, automotive sensors and electronic control systems require materials with excellent electromagnetic shielding and dimensional stability, which will drive the demand for modified plastics. China Guangdong Nuclear Juner may have precisely perceived the enormous potential for development in the modified plastics market, thus continuously increasing its investment. Source: DT New Materials, Chemical New Materials, New Materials Study Society, Aibang Polymer, Huajing Industry Research InstituteEditor: Shi Shenbing

For durable components requiring special thermal management, BASF has further expanded its Ultramid® Advanced T1000 series. This product line is developed based on polyamide 6T/6I resin, with newly added optimized products featuring high hydrolysis resistance (HR) and high purity (EQ, i.e., electronic quality).The newly developed HR and EQ grades exhibit excellent high strength and stiffness at high temperatures, along with superior creep resistance and excellent tolerance to coolant fluids. Their overall performance significantly outperforms standard polyamide grades as well as many other PPA products on the market. The brand new hydrolysis-resistant Ultramid® Advanced T1300HG7 HR product exhibits excellent chemical stability and dimensional stability even when in contact with various media such as ethylene glycol, thermal oil, and water at temperatures of 130°C and above.This characteristic can significantly extend the service life of components used in automotive cooling systems, such as thermostat housings, oil inlets and outlets, and water pumps.The pure Ultramid® Advanced T1300EG7 EQ contains almost no electroactive components, yet it still exhibits excellent thermal aging resistance when in contact with water, hydrogen, or high-purity cooling media such as Glysantin® FC G20. This characteristic makes this PPA particularly suitable for applications in electric vehicles and fuel cell components, such as end plates, medium distribution components, and humidifiers. Throughout the entire lifecycle of electric vehicles (with a minimum requirement of 25,000 hours), this PPA is able to maintain stable mechanical properties at various temperatures, helping to extend the service life of these components.Marc Keller from BASF's PPA Global Marketing Department stated, "Since we launched Ultramid® Advanced T1000 in 2018, customers have trusted its outstanding performance: it maintains mechanical strength regardless of temperature or climatic conditions, and exhibits excellent moisture and chemical resistance. With the introduction of the new HR and EQ grades, we are raising the bar once again: we are well aware of the growing challenges in thermal management for PPA under demanding conditions, and we can help customers address these challenges while maintaining the performance and safety of their applications." In addition to the newly launched high-performance HR and EQ grades, components requiring laser welding can utilize the Ultramid® Advanced T1000 LT product series, which not only features hydrolysis resistance but also laser transparency.About the Ultramid® Advanced product lineBASF's PPA product series is based on six polymers: Ultramid® Advanced N (PA9T), Ultramid® Advanced T1000 (PA6T/6I), Ultramid® Advanced T2000 (PA6T/66), Ultramid® T KR (PA6T/6), Ultramid® T6000 (PA66/6T), and Ultramid® T7000 (PA/PPA). This product series offers next-generation lightweight, high-performance plastic components for industries such as automotive, electronics and electrical equipment, mechanical engineering, and consumer goods. The series includes over 50 modified specifications for injection molding and extrusion, as well as flame-retardant and non-flame-retardant products. The products are available in various colors, from colorless to laser-marked black, with short glass fiber, long glass fiber, or mineral fiber reinforcement, and various heat stabilizers.In the Ultramid® series, the Ultramid Advanced T1000 (PA6T/6I) product portfolio boasts the highest strength and stiffness, with stable mechanical properties at temperatures of 125°C (dry) and 80°C (conditioned). It exhibits exceptional moisture resistance and corrosion resistance, surpassing traditional polyamides and many other PPA materials available on the market. It is used in the automotive industry, particularly for components that must maintain strength and rigidity when exposed to harsh environments. Additionally, it is found in all other industry applications requiring moisture or chemical resistance, such as thermostat housings and water pumps, fuel circuits and selective catalytic reduction systems, automotive actuators and clutch components, coffee machines, furniture joints, and building applications like manifolds, heating systems, and water pumps. BASF offers the market around 10 different grades, ranging from standard glass fiber-reinforced grades with varying stiffness, strength, and toughness values, to special grades with improved hydrolysis resistance, and long fiber-reinforced compounds with high thermal stability.About high-temperature nylon PPAPolyphthalamide (PPA), also known as high-temperature nylon (HTPA), is a semi-aromatic polyamide made from the polycondensation of phthalic acid and hexamethylenediamine. The molecular chain of HTPA contains rigid benzene rings and long flexible chains of diamine, which endow the polymer with both flexibility and strength, as well as moderate mobility. As a result, it has a high crystallization rate and crystallinity.PPA resin exhibits superior strength and stiffness compared to ordinary nylon resin at high temperatures, along with better chemical resistance. It also performs better than ordinary nylon in humid environments. With a continuous use temperature range from 120°C to 185°C, it can replace metal in high-temperature automotive components.PPA resin is more robust and rigid than aliphatic polyamides such as nylon 66; it is less sensitive to moisture; it has better thermal properties; and it exhibits much better creep, fatigue, and chemical resistance. For example, PPA resin containing 45% glass fiber has a tensile strength of approximately 276 MPa, flexural modulus exceeding 13,786 MPa, and heat deflection temperature (HDT) of 549°F. Even mineral-filled grades of PPA can achieve a tensile strength of 117 MPa. The ductility of PPA resin is not as good as that of nylon 6,6; however, un-reinforced impact-modified grades of PPA resin have been developed, with notched Charpy impact strength as high as 20 ft-lb/in.Due to the excellent physical, thermal, and electrical properties of PPA resin, especially its moderate cost, it has a wide range of applications. These properties, along with its excellent chemical resistance, make PPA a candidate for many uses in the automotive industry.  

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 Xuyou New Area of Lianyungang City, Jiangsu Province, announced a public notice regarding the environmental impact assessment approval for the second phase of the 100,000 tons/year high-end polyolefin monomer unit and supporting facilities project of Jiangsu Hongjing New Materials Co., Ltd.The second phase of the project plans to build a 50,000-ton-per-year ethylene oligomerization unit and supporting public utilities on the reserved land at Hongjing Company. After completion, it will be capable of producing 33,500 tons per year of 1-octene, 15,600 tons per year of 1-hexene, and 2,900 tons per year of mixed C6.The Hongjing Company's 100,000-ton/year high-end olefin monomer facility and supporting projects have a total investment of 2,484,720,000 yuan; the total investment in phase one is 2,015,984,200 yuan, and the total investment in phase two is 468,735,800 yuan. The environmental protection investment in phase two is 49,595,000 yuan, accounting for 10.58% of the total investment in phase two.The project of 100,000 tons/year high-end polyolefin monomer plant and supporting facilities (Phase I) has received approval from the Environmental Protection Bureau of the National East-West Regional Cooperation Demonstration Zone (Lianyungang Xuwei New Area) on December 31, 2024 (Approval No. [2024] 56 of the Demonstration Zone Environmental Review), mainly producing 100,000 tons of POE annually.This project involves the construction of a 100,000-ton/year high-end polyolefin monomer unit and supporting facilities (Phase II), utilizing the tricyclic tube ethylene oligomerization process to produce 1-octene and 1-hexene. The output of 1-octene will fully meet the demand of the 100,000-ton POE main unit, achieving partial domestic substitution.Jiangsu Hongjing New Materials Co., Ltd. was established in September 2021 and is a wholly-owned subsidiary of Jiangsu Silbon Petrochemical Co., Ltd. (hereinafter referred to as "Silbon Petrochemical"). Silbon Petrochemical is located in the Petrochemical Industry Park of Xuxu New District, Lianyungang City, Jiangsu Province (Lianyungang Petrochemical Industry Base) and is a wholly-owned subsidiary of Shenghong Holding Group Co., Ltd. 

On March 28, a concentrated signing ceremony for the low-altitude economic industry project in Gongqing City and the production launch ceremony for Jiangxi Ruichi Carbon Fiber Composite Materials Company were held. Jiang Wen Ding, Deputy Secretary of the Jiujiang Municipal Committee and Mayor, and Zhang Guoliang, the initiator of Jiangxi Ruichi Investment and founder of Zhongfu Shenying Carbon Fiber Co., Ltd., delivered speeches. Guo Weiquan, Deputy Director of the Provincial Military-Civilian Integration Office, Liu Bing, Member of the Party Leadership Group and Deputy Director of the Provincial Development and Reform Commission, Qu Xiaohua, Member of the Party Leadership Group and Deputy Director of the Provincial Industry and Information Technology Department, and Chen Mingyu, President of the Jiangxi Chamber of Commerce in Jiangsu and Chairman of Nantong Vocational Institute, were also present. Wan Jianming, Secretary of the Gongqing City Committee, hosted the ceremony. Leaders from provincial, Jiujiang City, and Ganjiang New District relevant departments, as well as leaders from Gongqing City and guests from the concentrated signing projects, along with guests from Ruichi's upstream and downstream enterprises, participated in the event.A concentrated signing ceremony for 10 low-altitude economy industrial projects was held on site. The attending leaders pressed the launch ball to jointly witness the official production of the Ruichi project, and upstream and downstream enterprise guests also visited Jiangxi Ruichi Carbon Fiber Composite Materials Company.This batch of centrally signed projects includes 10 projects with a total investment of 1.87 billion yuan, namely the AVIC International Low-altitude Economy Integrated Ecological Construction Strategic Emerging Industry Project and the Remote Sensing Spatial Information Big Data Platform Project, among others. These projects cover areas such as RD and production of drones, drone training, drone inspection and testing, drone agricultural protection and logistics, low-altitude intelligent connected networks, aircraft engine maintenance, passenger sightseeing, aviation exhibitions, and aviation education and training.The Jiangxi Ruichi Carbon Fiber Composite Materials Company, which has recently been put into production, has a total investment of 500 million yuan. It focuses on the research, development, production, and sales of carbon fiber woven fabrics, carbon fiber prepregs, and carbon fiber composite products, with applications in low-altitude economy, rail transit, new energy, and other fields. The project was signed and settled in Gongqing City in December 2024, and it took just over three months from signing to production, fully demonstrating the completeness of Gongqing City's infrastructure in the low-altitude economy and the efficiency of its administrative services.Zhang Guoliang stated in his speech that choosing to invest in Gongqing City is not only because of the favorable environment for the development of the low-altitude economy industry here but also stems from a deep sense of hometown sentiment. We will fully leverage our advantages in carbon fiber materials and technology, continue to increase investment, and constantly expand our business areas, working together to create a bright future for Gongqing City's low-altitude economy!   

Against the backdrop of intensified competition in the plastic industry, the leading domestic industrial digital platform, Zhishiku, is reconstructing the industry ecosystem with intelligent technology.Complete upgrade of the membership system in 2025, to build 'Data + Resources + Services' The Trinity model provides precise custom commercial empowerment solutions for industrial chain enterprises. It adds cross-border supply and demand matching services, integrating international buyer resources and offering multi-language support, helping companies break through geographical limitations and expand into global markets.One,Unlock the entire industrial chain resource pool.Members can prioritize obtaining comprehensive data covering the entire industrial chain of plastic raw materials, additives, machinery and equipment, and products, which includesReal-time quotations, historical trends, and physical property parameters for over 300,000 grades. The intelligent algorithm-optimized supply and demand matching system updates a vast number of business opportunities daily, which are pushed directionally according to enterprise needs. Combined with LBS map positioning and VR enterprise showroom functions, it achieves "Online screening + offline inspection" seamless connection.Two,Build an intelligent decision-making engineLeveraging the industry's资深研究团队, members can enjoy exclusive weekly updates. Note: "资深研究团队" is partially in Chinese. In full English, it would be "senior research team". So the complete translation would be: "Leveraging the industry's senior research team, members can enjoy exclusive weekly updates."Monthly in-depth analysis report covering core content such as market trend predictions, policy interpretations, and technological trends. Platform-original.'Special Plastic Index' System, presenting data visualization in three dimensions: industry, procurement, and market, to provide scientific basis for corporate production planning and trade decisions.III. Activate the Precision Marketing MatrixIn response to the brand promotion needs of enterprises, members can obtain customized integrated marketing services: including exclusive live broadcast planning, content distribution across all platforms, industry media interviews, etc. Through a pool of millions of active users and precise user profile analysis, we achieve a dual enhancement of brand exposure and sales conversion.Newly added virtual exhibition hall featureFurthermore, enhance customer retention through immersive interactive experiences.Four,Building Industry Connections NetworkMembers can use it unlimited times. 'Contacts Database' featureQuickly connect with decision-makers in upstream and downstream enterprises. Through the intelligent business card exchange system and dynamic behavior tracking (visitor radar), accurately identify potential collaboration partners and build a bridge for in-depth communication and cooperation for members.V. Exclusive Member Service PrivilegesPriority Display RightSupply and demand information and corporate presentations are prioritized in search results.Customized Customer Service：7x12 hours dedicated customer service support, quickly respond to needsTraining Resource PackageFree access to industry expert courses and the latest technology white papersData export permissionsSupport batch export of market data and industry reports.Directly translate the above content from Chinese to English:"Accurately match needs:"The membership system is divided into four tiers: Silver, Gem, Diamond, and Supreme, catering to the needs of businesses at different stages of development, from basic customer acquisition to comprehensive brand empowerment.……As a leader in the digital transformation of the plastics industry, ZhuanSu Vision consistently drives service upgrades through technological innovation.After the membership system iteration in 2025, the platform will expand more value-added services in areas such as intelligent recommendation, risk early warning, supply chain, and overseas supply and demand matching. Join the membership now and embark on a new chapter of cost reduction and efficiency improvement together with over 100,000 industry pioneers!

Background: With the impact of global warming and the active period of the earth's crust, various disasters have occurred frequently around the world. Behind these disasters, not only human casualties but also property losses are significant. Buildings for daily living and urban-rural infrastructure have suffered varying degrees of damage. PVC-related products such as power cables, water supply pipes, drainage pipes, indoor panels, profiles, and decorative building materials have all been damaged to different extents. In post-disaster reconstruction, the above-mentioned products need to be replaced or repaired.Real estate and infrastructure are the main application areas of PVC.Figure 1: Changes in China's PVC Consumption Structure from 2020 to 2024 (Unit: 10,000 tons)PVC demand in areas such as piping, profiles, flooring, and cables constitutes around 70% of total PVC consumption. Therefore, the construction and real estate activity cycles globally are generally consistent with the traditional seasonal demand cycles for PVC. Changes in these activities also drive changes in PVC demand.II. Demand Estimation for PVC in Restoration and ReconstructionAccording to relevant data surveys, the consumption of PVC products per 100 square meters of housing is approximately 0.0384 tons (based on ideal construction demands, the usage and materials should be determined according to local conditions or national circumstances, as shown in the table below).Table 2: Consumption of PVC products per 100 square meters of housing (for reference only)For example, a 7.6-magnitude earthquake struck the Noto Peninsula in Ishikawa Prefecture, Japan, at 16:10 on January 1, 2024. According to official Japanese statistics, the earthquake caused severe damage to houses, with 22,374 buildings confirmed as damaged. It should be noted that the housing damage data represents confirmed figures. Assuming each building is 100 square meters, post-earthquake repairs would require at least 859 tons or more of PVC raw materials. This estimate is based on an optimal construction scenario. Similarly, disasters worldwide pose significant challenges to housing and infrastructure, all of which face the need for post-disaster reconstruction.