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【Overseas News】$1.5 Billion! Hyosung Group Boosts Investment in Vietnam! Mitsubishi, Kuraray Announce Production Halts; U.S. Health Department Lays Off 10,000 Employees.
Plastic World Specialty 2025-03-31 18:58:49

InternationalHeadlines:

Raw material news- Hyosung Group continues to increase its investment in the Vietnamese market.15布局 new factory in billions of dollars

Packaging News-French entrepreneur acquires Tupperware! Tupperware to relaunch in five European countries

Medical News-Trump "Wields the Axe" Again! U.S. Health Department Lays Off Thousands

Macro News-Goldman Sachs significantly raises expectations for U.S. tariffs and recession, predicts Reciprocal tariff rateAverage reach15%

Price Information-Ethylene Asia:CFRNortheast Asia855Dollar/ton;CFRSoutheast Asia920Dollar/ton

 

The following is a detailed report on international news:

1.Mitsubishi Chemical Group announced it will phase out chemical production at two Japanese plants.

3Moon31Day,Mitsubishi ChemicalThe group announced that the company has decided to2027Year3The production of products at the Mitsubishi Chemical Corporation's Onahama Plant and Shinryo Corporation's Iwaki Plant, both located in Iwaki City, Fukushima Prefecture, Japan, will be phased out by the end of the month. These plants have been engaged in the production of various chemical products. In recent years, in response to drastic changes in the market environment, they have implemented measures to streamline operations and attract new business. However, despite these efforts, ensuring the profitability of these plants has become extremely difficult. The manufacturing of products at these plants will be discontinued.2026Year3The moon began to phase out gradually and stopped2027Year3Terminate completely by the end of the month.

2. Hyosung Group continues to increase its investment in the Vietnamese market.15 Billion-dollar layout for new factory

Recently, Bae In-han, General Manager of Hyosung Dong Nai Company and the highest representative of Hyosung in Vietnam, stated that the group will continue to make additional investments in Vietnam.15 USD billion investment to build a biotechnology plant and a carbon fiber plant in Ba Ria-Vung Tau Province. This move not only highlights Hyosung Group's strong confidence in the Vietnamese market but also reiterates its commitment to "making the next...".100 years in Vietnam" long-term commitment. Bae In-han also highly appreciated Vietnam's stable and business-friendly investment environment, which provides a solid foundation for the group's long-term development. Once the factory is completed and put into operation, Hyosung...TNCThe largest biobased spandex factory in Vietnam will be established in a trend-oriented manner. Notably, this will be the world's first vertically integrated production system for biobased spandex, from raw materials to fibers.

3.French entrepreneur acquires Tupperware! Tupperware to relaunch in five European countries

A French entrepreneur acquired the French branch of Tupperware and plans to relaunch the brand in several European countries, including Belgium and Germany. At a press conference held in Paris on Tuesday, the entrepreneur...Cédric Meston'100%Tupperware France'The company was previously affiliated with a Belgian enterprise.MestonThe plan, from4Starting this month, this brand will return to France, Belgium, Germany, Italy, and Poland.MestonBy submitting a new business plan to the French commercial court, the French subsidiary of Tupperware hopes to...6Exited the judicial protection procedure a month ago.

4.ProAmpac Promote sustainable moisture-proof packaging, balancing environmental protection and product safety.

In the wave of actively moving towards sustainable development in the packaging industry,ProAmpac Recently, an innovative sustainable moisture-proof packaging has been launched. This new moisture-absorbing film not only offers eco-friendly foil-free and recyclable options but also significantly strengthens product protection, thereby greatly advancing the in-depth development of sustainable development initiatives. It is reported that,MP - 2000 The series as the foil-free option,具备与 is not properly translated as it seems to be incomplete or incorrectly structured in the original Chinese text. Please provide a complete sentence for accurate translation.MP - 1000 The series exhibits considerable moisture adsorption capacity and performance characteristics.MP - 3000 The series adopts a single polyolefin structure, specifically designed for recyclable application scenarios. Compared with traditional foil-based structures, it offers higher product stability.Moisture Protect Each solution in the series will integrateAptar CSP Technologies of3 Phase-activated polymer technology deeply integrated into thin film structures.ProAmpac

 5.Trump Wields the Axe Again! U.S. Department of Health Cuts Ten Thousand Jobs

Recently, the U.S. Department of Health and Human Services (HHSannounced that it will cut approximately10000A full-time job, which involvesFDAAbout3500full-time employees. Although the U.S. Department of Health and Human Services said that this would not affect the approval of medical devices and drugs, industry insiders expressed concerns. The latest layoffs involve the U.S. Food and Drug Administration (FDA).FDA3500People, the Centers for Disease Control and Prevention (CDC) in the United StatesCDC2400People and the National Institutes of Health (NIH) in the United StatesNIH1200This is also part of the cost reduction plan for government efficiency led by President Trump and Elon Musk.

6."Buyout exports" may come to an end! Five ministries jointly issued a document.

3month28Buying and exportingDue to the massive export volumes and substantial tax amounts involved in steel export transactions, they have become the primary target of this announcement.

7.A major Japanese semiconductor materials manufacturer announced the full-scale development of microwave chemical recycling technology for waste plastics.

Recently, a giant in Japan's semiconductor materials industry,ResonacLS Nikko (formerly Showa Denko) announced that it has partnered with Microwave Chemical Co., Ltd.Microwave Chemical, referred to asMWCC)Fully develop chemical recycling technology. The two companies jointly launched the project under the New Energy and Industrial Technology Development Organization (NEDO) of Japan.NEDO ) was rated as a "Green Innovation Fund Project," with the project category being "Development of plastic raw material manufacturing technology utilizing carbon dioxide, etc.," specifically, "Development of chemical recycling technology for producing basic chemicals from mixed plastic waste." In this project, the company will develop a novel pyrolysis technology to directly convert and recycle actual mixed plastics into basic chemical products, aiming to produce useful basic chemicals with a yield exceeding 60 wt%(weight percentage), and during the production processCO2 Emissions reduced to0.8 kg -CO2 /kg -The company aims to establish recycling technology that can process various types of old plastics at a demonstration scale of thousands of tons per year by using new methods such as microwave heating for the pyrolysis of plastics.

8.2024year, BrazilPETRecovery rate improvement14%

According to the BRICS TV partnerToda Palavrareport,2024Brazil'sPETThe recycling volume achieved significant growth, surging compared to the previous year.14%The total amount of recycling reached410,000ton. And in2022The figure was359,000, in2024Annual recyclingPETIn the resin,37%Converted into new packaging, mainly for bottled water, soft drinks, energy drinks, and other non-alcoholic beverages. Following this is the textile industry, which uses24%The resin, while the chemical industry and laminated sheets and plates each account for13%10%Government policies and active participation from consumers play a key role in promoting these recycling efforts, aimed at minimizing environmental harm and maximizing resource recovery.

9.Giant announces production halt!5GThe "Strategic Turning Point" of New Materials

Recently, Kuraray announced the cessation of production. VecstarFCCL Flexible copper-clad laminate, but its Nishijo Plant in Japan will continue production and sales.Vecstar™ Liquid Crystal Polymer (LCP ) thin film and strive to expand its application range. It is reported thatVecstar™ is the world's firstLCPFilm, developed based on Kuraray's unique film-forming technology.LCPOnce predicted to replace polyimide as5GThe mainstream choice for materials in modern antennas, yet the complex production process, high costs, and unmet commercial expectations downstream have become significant barriers to their widespread application.

 

Overseas macroeconomic market information:

“4moon2SunMost-Favored-Nation (MFN) tariff rateAverage достижение15%!】

In consideration of the upcoming announcementTariff EquivalencyPolicy, Goldman Sachs will future12The probability of a U.S. economic recession in the coming month has increased from previous estimates.20%Significantly increased to35%, translate2025U.S. average tariff rate expected to be from10percentage points up to15With the economic outlook deteriorating, Goldman Sachs also expects the Fed to cut interest rates three times this year, keeping the interest rate level unchanged.3.50-3.75%

German Chancellor Scholz: The European Union willUnited as oneResponding to the escalation of US tariffs

According to Canada's National Post3Moon30The report stated that in the face of President Trump's tariff increases and repeated mentions...Canada is the number one in the United States.51a stateIn response to the threat, German Chancellor Scholz expressed support for Canada. In addition, Scholz stated that the European Union will also...United as oneRespond to the U.S. tariff increases.

The United States has revoked the authorization for multinational companies to export oil to Venezuela. Claiming to have been prepared all along

Local time3Moon30On the day, Venezuelan Vice President Rodríguez announced that several multinational oil and gas companies operating in Venezuela received notifications from the United States in the past few hours that their authorization to export Venezuelan oil had been revoked. Previously, the United States had tightened sanctions on Venezuelan oil, revoked sanctions exemptions, and threatened to impose tariffs on countries importing Venezuelan oil.

Iranian Supreme Leader responds to TrumpBomb threatThe US will be hit hard】

331On the day, Iran's Supreme Leader Khamenei stated that if the United States...Bomb threat Take action, thenThe United States will be hit hard.According to the host of NBC's "Meet the Press"330It is reported that Trump stated during a phone call with her that...If Iran does not reach an agreement with the United States on its nuclear issue, the United States will bomb Iran.Translated result: , andLike four years agoRelated productsImpose secondary tariffs3At the beginning of the month, a letter was sent to Khamenei, threatening military strikes and urging Iran to negotiate with the United States over its nuclear program. Iranian President Pezeshiziyan.3Month30

Slovakia Imports More Russian Natural Gas

Slovak natural gas importerSPP Represents, and Translate the above content from Chinese to English and output the translation result directly without any explanation Represents, and2moon and3Compared to the previous month, the company will4 Month handles affairs from Gazprom (GazpromThe natural gas supply has been increased several times over, with volumes higher than previously announced.

【Germany】 At all costs"Rising costs in the European bond market, Italy and France may become the biggest losers"

3Moon, France10The yield on long-term government bonds once rose to3.6%The above has reached the highest level in over a decade, even surpassing the peak during last year's political crisis; Italy's yields have also hit.4%, for last year7The first time since the month. Hedge funds.Point72It is expected that Italy's debt willGDPThe ratio may reach2030"yearly increase to"153%France has risen to122%The corresponding ratios of these two countries are currently approximately.140%"and"115%

 

Price information:

RMB to USD Central Parity Rate

The translation result is: "The central parity rate of RMB against USD is announced"7.1782, down adjustment30point; previous trading day's central parity rate7.1752, the official closing price of the previous trading day7.2637, the day and night trading sessions closed at7.2630

Upstream raw material USD market price

Ethylene Asia:CFRNortheast Asia855Dollar/ton;CFRSoutheast Asia920Dollar/Ton.

Acrylic Northeast Asia:FOBKorean average price800USD/ton;CFRChina average price825US dollar/ton.

North Asia frozen cargo CIF, propane621-623US dollar/ton; butane611-613US Dollar/ton.

South China Frozen Goods4Landed cost at moon, propane637-639Dollar/ton; butane627-629Dollar/ton.

The cost, insurance, and freight (CIF) price of frozen goods in the Taiwan region, propane621-623Dollar/Ton; butane611-613US dollar/ton.

LLDPEUS dollar market price

Thin film:955US Dollar/ton (CFRHuangpu), decline5Dollar/ton;

Injection Molding1010US dollars/Ton (Dongguan Bonded Zone spot);

HDPEUS Dollar Market Price

Film:940-950Dollar/ton (CFRHuangpu);

The void: The translation of "中空" is "The void" or "Middle air", but in most contexts, "The void" is more appropriate.890-965US dollar/Ton (CFRHuangpu)

Injection Molding:830US dollar/Ton (CFRHuangpu).

LDPEUS Dollar Market Price

Film:1130-1135Dollar/Ton (CFR(Huangpu);

Coating:1360US Dollar/ton (CFRHuangpu.

PPUS Dollar Market Price

Homopolymerization935-990US Dollar/ton (spot)

Copolymerization:995-1060dollar/Ton (CFRHuangpu spot.

Membrane material:1030-1105Dollar/Ton (CFRHuangpu)

Transparent1020-1050US Dollar/ton (CFR

Pipe materials:1160Dollar/Ton (CFR(Shanghai).

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