In an environment characterized by economic uncertainty, Erema was able to maintain its market position. Revenue fell by 13 per cent in the past financial year. Nevertheless, the company considers itself to be on a stable course. Headquarters of the Erema Group in Ansfelden, Austria: it is from here that solutions for plastics recycling are developed and marketed worldwide.© Erema Economic and geopolitical uncertainty around the world continues to present challenges for the plastics recycling industry. Despite a decline in sales of around 13 per cent compared to the previous year, the Erema Group has maintained stability and set an important strategic course for the future based on its strong market presence. The technologies and solutions offered by the companies in the Eerema Group mean that it covers the entire value chain of mechanical plastics recycling. „By combining our expertise, together we ensure our customers remain competitive in a dynamic market environment,“ says CEO Manfred Hackl. This is a success factor that is reflected in the broad range of products, as well as in high system availability and the quality of service provided by the Group. Despite the current challenges, there is still plenty of potential for growth, as Manfred Hackl explains: „More and more high-quality products are made from recycled pellets. The plastics industry has recognised that the proportion of recycled materials used in new products needs to continue to increase in order to achieve our shared goal of circularity.“ CEO Hackl Calls for a Reliable Framework While the European market has been subdued, the Group experienced positive momentum in North America and Asia. Regulations such as the PPWR (packaging and packaging waste directive), which has come into force in the EU, also give a positive outlook in Europe, provided that competitiveness can increase again. “This would mean launching initiatives that combine ecological and economic interests and strengthen the industrial base, like the Clean Industrial Deal in the EU. Just as important are global developments that create reliable framework conditions, such as the rollout of Extended Producer Responsibility (EPR) and legal requirements for mandatory use of recycled materials in new products,“ says Manfred Hackl. Recently, Erema has noticed a reluctance to invest in the polyolefins post-consumer segment. On the other hand, demand for recycling solutions for production waste and bottle-to-bottle applications has remained stable. There is a clear trend towards implementing larger-scale machines in both the PET and PO sectors. The increasing industrialisation of these sectors requires solutions that are cost-effective and can be easily adapted to meet demand. Erema supports its customers during this transformation process and continues to set standards in the industry. The joint venture with Lindner Washtech has proven to be an important development in providing efficient overall solutions along the value chain. Successful Thinking Outside the Box The ongoing growth of plastics recycling can be seen not only in the established segments, but also increasingly in newer application segments involving chemical recycling, and fibre & textile recycling. Erema started up its first large-scale extruders for chemical recycling during the 2024/25 financial year. The development of fibre-to-fibre recycling also looks very promising. Initial pilot projects have already been carried out, and an reference system will start operation later this year. The commissioning of a recycling machine for post-consumer textiles by Pure Loop, one of the Group‘s subsidiaries, at Salvation Army Trading Company in spring 2024, marks a new milestone. The project won the Plastics Industry Award. It Doesn‘t Work Without Recycling At the end of the 2024/25 financial year, the Erema Group completed a comprehensive investment programme spanning the last five years with a volume of EUR 145 million. “Part of this programme involved the Group‘s own component manufacturing company 3S, which has been optimised with an investment of EUR 23 million to significantly increase the in-house production share of key components and strengthen the Group‘s supply chain over the long term,“ reports Horst Wolfsgruber, CFO of the EREMA Group. Manfred Hackl, CEO of the Erema Group (right) and Horst Wolfsgruber, CTO of the Erema Group.© Erema The company has also strengthened its international sales structure by appointing Christoph Wöss as Global Sales Director in April. In future, the strategic focus will be aligned even more closely with the specifics of regional demand as well as market and customer requirements. Despite challenging market conditions, the Erema Group still focuses on the ongoing development of efficient recycling solutions in all sectors. “We are convinced that the demand for recycling technologies will keep increasing in the coming years,“ says Manfred Hackl. “The framework conditions remain challenging, but the usage of plastic will continue to increase. The only way to meet this demand responsibly is with reliable recycling.“

International News Highlights:   Raw Materials News：Canadian Court Orders NOVA Chemicals to Pay Dow an Additional CAD$1.6 Bilion in Ethylene DisputeAutomotive News：Mitsui Chemicals achieves automation of tank allocation planning through digital transformation Electronics News：Ineos starts cracking recycled plastics feedstock at Lavéra, France Packaging News： BioTech adopts LIMEX Pellet for sustainable detergent packaging in Vietnam Macro News： US officials informed that Israel is fully prepared for military action against Iran Price Information: Propylene Northeast Asia: FOB South Korea average price at US$710/ton, up US$10/ton   Details of International News:   Canadian Court Orders NOVA Chemicals to Pay Dow an Additional CAD$1.6 Bilion in Ethylene DisputeThe long-standing legal battle between chemical giants Dow and NOVA Chemicals Corporation has taken another significant turn, with the Court of King's Bench of Alberta, Canada, issuing a judgment on June 10, 2025, ordering NOVA Chemicals to pay Dow an additional CADS1.620 bilion (approximately $1.2 bilion) in damages. This substantial sum relates to losses Dow incurred from the companies jointly owned ethylene asset located in Joffre, Alberta. Canada. Japanese power giant JERA to increase procurement of US LNGOn June 12, JERA, a Japanese power giant, announced it has signed 20-year agreements to annually procure up to 5.5 million tons of liquefied natural gas (LNG) from four US companies, located in Texas and Louisiana. The company stated this move aims to diversify LNG procurement channels, increasing the proportion of US purchases from approximately 10% to around 30%. Ineos starts cracking recycled plastics feedstock at Lavéra, France Ineos said it has received its first initial batch of pyrolysis oil (pyoil) produced from recycled post-consumer waste plastics for processing into olefins at its steam cracker in Lavéra, France. The specific volume of pyoil received was not given. The company’s Olefins & Polymers Europe business took delivery of the pyoil at Lavéra and will use it to produce virgin-quality polymers, it said in an announcement on June 11. COIM × Ariete creates cycling protective eyewear with 70% biobased TPU materialAriete, a brand under Sandro Mentasti and a leader in ski goggles, motorsport, and cycling equipment, has announced a strategic partnership with COIM, a multinational company specializing in specialty chemicals (mainly producing polyesters, polyols, polyurethanes, and resins for composites and coatings). Together, they have developed a revolutionary product: the Ariete 8K protective eyewear. This new eyewear represents months of joint R&D by Ariete and COIM teams, dedicated to significantly reducing carbon dioxide emissions. The Ariete 8K combines cutting-edge design, superior technical performance, and a firm commitment to environmental sustainability. Additionally, it has passed certification tests for Class II personal protective equipment in accordance with EU Regulation 2016/425 and UNI EN 1938:2010 safety standards, ensuring the highest level of safety for users. Speciality chemicals group launches PFAS-free processing aids ahead of K 2025Ahead of the K 2025 trade fair in Düsseldorf, Germany, Clariant has introduced its AddWorks PPA range – a set of polymer processing aids (PPAs) developed specifically for polyolefin extrusion. The company said that the launch addresses growing regulatory and market pressure to eliminate PFAS substances from plastic additives, particularly in food packaging applications. BioTech adopts LIMEX Pellet for sustainable detergent packaging in Vietnam TBM announced that BioTech has adopted LIMEX Pellet for its detergent packaging. LIMEX Pellet is an eco-conscious material mainly made from inorganic substances like calcium carbonate.  BioTech is known for producing detergents with natural ingredients, prioritizing safety and environmental care. Their flagship products, “Bio Clean” and “Bio Baby,” are free from harmful chemicals. They are trusted by multiple generations for skin safety.   Birch Biosciences Enters into Global Patent License Agreement with NREL to Advance Enzymatic Plastic Recycling Process Birch Biosciences, a startup focused on AI-powered enzymatic plastic recycling, today announced a global patent license agreement with the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) to commercialize a novel enzymatic deconstruction processing technology that breaks down polyethylene terephthalate (PET)—a common plastic used in packaging and textiles—to recover valuable chemical building blocks. Mitsui Chemicals achieves automation of tank allocation planning through digital transformationOn June 12, it was reported that Mitsui Chemicals has developed an automated tool for liquid product tank allocation planning at its Osaka, Japan plant, which was put into use in March 2025. The tool standardizes the previously skill-dependent tank allocation planning work, reducing man-hours by 80%, while enabling faster response to environmental changes and improving planning accuracy. The liquid products produced at the plant need to be stored in multiple tanks. When storing products, considerations and adjustments must be made for tank selection, quality test analysis and inspection time, and delivery time based on orders. This work, known as "tank allocation," requires considering complex factors such as the filling rate and inspection status of each tank, making experienced personnel indispensable.   Overseas Macro Market Information:   US officials informed that Israel is fully prepared for military action against IranMultiple sources told CBS that US officials have been informed that Israel is fully prepared for military action against Iran. The report said the US expects Iran may retaliate against certain US military bases in Iraq, which is part of the reason the US earlier advised some Americans to leave the region. The US State Department has ordered non-emergency personnel at embassies and consulates to evacuate Iraq, citing "escalating regional tensions." Iranian President: Iran will not reach a nuclear deal at any costOn local time June 11, Iranian President Pezeshkian said Iran will not reach a nuclear deal at any cost. Pezeshkian reiterated that Iran will not build nuclear bombs but will not allow anyone to pressure Iran. To stabilize rice prices, Japanese government releases reserve rice againOn local time June 11, the Japanese government launched a new batch of reserve rice releases, with nearly 100 retailers applying to sell rice. The 120,000 tons of reserve rice released on the 11th were all produced in 2021. If all this rice is purchased by retailers, the Japanese government will release 100,000 tons of rice produced in 2020. Foreign investors buy record amount of South Korean bonds in MayAccording to a statement from the Financial Supervisory Service of South Korea, overseas investors net bought 11.34 trillion won (US$8.3 billion) of listed bonds last month, the largest monthly inflow on record, continuing the strong momentum from April. The balance of listed bonds held by foreign investors increased to 300.5 trillion won over the same period. As of June 10, overseas investors have net bought South Korean bonds for 31 consecutive trading days, the longest streak since 2023. UK's goods exports to US drop by record high in AprilOffice for National Statistics (ONS): The drop in UK goods exports to the US in April was the largest on record. The decline in exports to the US "may" be related to Trump's tariffs. UK economy shrinks in April, sounding alarm for StarmerThe UK economy shrank for the first time in six months, sounding an alarm in the ear of Prime Minister Starmer, who is counting on economic growth to fund the government's ambitious spending plans. The Office for National Statistics announced on Thursday that after two months of healthy growth, GDP fell by 0.3% in April, worse than economists' forecast of a 0.1% decline. Services and manufacturing contracted, while construction grew. The data sets a weak tone for economic performance in the second quarter, as businesses and consumers face rising unemployment, heavier tax burdens, and Donald Trump's tariffs.   Price Information:   USD/CNY central parity rateThe central parity rate of USD/CNY was set at 7.1803, up 12 pips; the previous trading day's central parity rate was 7.1815, the previous trading day's official closing price was 7.1858, and the overnight session closed at 7.1890. Upstream raw material US dollar market prices Ethylene Asia: CFR Northeast Asia US$790/ton, up US$10/ton; CFR Southeast Asia US$850/ton. Propylene Northeast Asia: FOB South Korea average price US$710/ton, up US$10/ton; CFR China average price US$750/ton. North Asia frozen cargo CIF price: propane US$540-542/ton; butane US$510-512/ton. South China frozen cargo July arrival price: propane US$598-608/ton; butane US$538-548/ton. Taiwan frozen cargo CIF price: propane US$540-542/ton; butane US$510-512/ton. LLDPE US dollar market prices Film: US$895/ton (CFR Huangpu); Injection molding: US$970/ton (CFR Dongguan). HDPE US dollar market prices Film: US$900-920/ton (CFR Huangpu); Hollow: US$865-870/ton (CFR Huangpu). LDPE US dollar market prices Film: US$1025-1035/ton (CFR Huangpu). PP US dollar market prices Homopolymer: US$885-935/ton (CFR Huangpu), down US$5/ton; Copolymer: US$955-1040/ton (CFR Huangpu), down US$20/ton; Film stock: US$1025-1090/ton (CFR Huangpu); Transparent: US$1085/ton (CFR Huangpu); Pipe material: US$1160/ton (CFR Shanghai).   Editor: Carrie

International News Briefing: Raw Materials News - China's Trade Representative: China and the US have reached a framework agreement in principle;Auto News-Tesla's Robotaxi Begins Public Road Testing;Tech News - Ahead of Samsung and SK Hynix: Report says Micron becomes Nvidia's first SOCAMM supplier; Medical News - Lubrizol and IMCD Expand Distribution Agreement to Provide Medical-Grade TPU Solutions for the North American Market;Macro News - The Russian ambassador to the United States said that the two countries are engaged in "pragmatic negotiations";Price information - CFR Northeast Asia: 780 USD/ton; CFR Southeast Asia: 850 USD/ton The following are the details of international news: 1.China's chief trade negotiator: China and the US have reached a framework agreement in principle. On June 10 local time, Li Chenggang, China's deputy minister of commerce and representative for international trade negotiations, said in London that the first meeting of the China-US economic and trade consultation mechanism was professional, rational, in-depth and candid. The two sides have reached a framework in principle on implementing the consensus reached by the two heads of state on June 5 and the Geneva talks. 2. Trump's tariff stick continues! The appellate court rules: It can remain in effect during the appeal period! According to a report by Bloomberg on June 11th, the US Court of Appeals for the Federal Circuit ruled on Tuesday that the Trump administration can continue to enforce its global tariff policy during the appeal period. This ruling temporarily overturned the previous injunction issued by a lower court. The case was initially brought by New York importers, aiming to challenge the legality of Trump's imposition of tariffs under the emergency act. The court said the case involves "extremely important issues" and has decided to hold a hearing on July 31. Although the court did not disclose the specific reasons, it believed that the government had met the conditions for suspending the preliminary injunction, and no judge raised any objection. The Justice Department argued that the concerns of US officials about ongoing trade negotiations were more important than the economic losses claimed by the small businesses that filed the lawsuit. 3. Lubrizol and IMCD Expand Distribution Agreement to Offer Medical-Grade TPU Solutions for the North American Market As a leading provider of medical-grade thermoplastic polyurethane (TPU) solutions, Lubrizol has expanded its distribution agreement with IMCD to meet the demand for medical solutions in the US and Canadian markets. This collaboration aims to extend the mature partnership focused on medical-grade TPU in Europe to North America, helping IMCD enhance market penetration, efficiently manage inventory, and strengthen customer relationships. 4. Agilyx, Green Dot enter PS feedstock agreement for chemical recycling US-based chemical recycler Agilyx and Germany’s Green Dot Group have signed a memorandum of understanding to source waste polystyrene (PS) feedstock for chemical recycling. Under the agreement, Green Dot will supply Agilyx with an expected 20,000 tonnes of PS feedstock.5.Two types of solvents, DMAC and NEP, have been included in the REACH restricted substances list by the European Union. The Official Journal of the European Union has published Regulation (EU) 2025/1090, announcing the revision of Annex XVII to the REACH Regulation by adding new entries 80 and 81, which explicitly include N,N-dimethylacetamide (DMAC) and 1-ethyl-2-pyrrolidone (NEP) in the list of restricted substances. This move aims to enhance worker health protection and reduce the risks associated with these two chemicals in industrial applications. The regulation will come into force on June 23. 6. Development banks invest EUR 3 bn in Clean Oceans Initiative 2.0 As recently announced by the European Investment Bank (EIB), a coalition of public development banks has declared a renewed commitment to fighting marine plastics pollution with the launch of the Clean Oceans Initiative 2.0 (COI 2.0). The expanded programme, unveiled at the ongoing United Nations Ocean Conference in Nice, France (9-13 June), sets a new joint financing target of EUR 3 bn for 2026 to 2030. 7. Tesla's Robotaxi Begins Public Road Testing The Science and Technology Daily reported on the 11th that Tesla's Robotaxi has recently been tested on public roads in Austin, Texas. The first batch of test vehicles are Model Ys marked with "Robotaxi", accompanied by another Model Y as a monitoring vehicle. According to the company's disclosure, about 10 self-driving cars will be deployed in the initial stage of the Robotaxi test, and the scale will be expanded based on the test feedback. 8. Ahead of Samsung and SK Hynix: Report says Micron becomes Nvidia's first SOCAMM supplier On June 10th, the South Korean media kedglobal published a blog post, reporting that Micron has taken the lead over Samsung and SK Hynix to become the first supplier of NVIDIA's next-generation memory solution, SOCAMM. Similar to the previous LPCAMM2, SOCAMM currently also features a single-sided four-chip pad and three fixed screw holes design. However, unlike LPCAMM2, SOCAMM has no protruding trapezoidal structure on the top, which reduces the overall height and makes it more suitable for server installation environments and liquid cooling. Overseas macro market information: Russia and U.S. Engage in "Pragmatic Negotiations" to Ease Tensions​​Russian Ambassador to the U.S. Alexander Darchiyev stated that Moscow and Washington are conducting "pragmatic negotiations" to eliminate irritants in bilateral relations, as reported by TASS. Russia aims to establish a non-confrontational coexistence model with the U.S. Bilateral talks, initially held in Istanbul, will now alternate between the two capitals, with the next round scheduled in Moscow. The countries are also expected to soon discuss resuming direct flights. ​​Jinli Permanent Magnet Secures Export Licenses Amid Rare Earth Regulations​​Jinli Permanent Magnet announced on June 11 via an investor interactive platform that it has obtained export licenses from Chinese authorities following the implementation of medium-to-heavy rare earth export controls. The company now legally exports magnetic materials, components, and motor rotors to regions including the U.S., Europe, and Southeast Asia. ​​Global Wristwear Market Grows 10.5% YoY in Q1 2025, China Surges 37.6%​​According to IDC’s Worldwide Quarterly Wearable Device Tracker, global wristwear device shipments reached 45.57 million units in Q1 2025, marking a 10.5% year-on-year increase. Key drivers include accelerated shipments in Western Europe, the U.S., Latin America, and Asia-Pacific (excluding India) amid trade tariff adjustments. China’s market grew 37.6% to 17.62 million units, bolstered by national subsidy policies. ​​EU-U.S. Trade Talks Likely to Extend Beyond July 9 Deadline​​The euro/dollar pair briefly rose to 1.1417 amid reports that the EU expects trade negotiations with the U.S. to extend beyond President Donald Trump’s July 9 deadline. While both sides aim to reach an agreement in principle by July 9 to outline further discussions, the EU acknowledges that finalizing details will require additional time. The U.S. is anticipated to respond to the latest proposals in the coming days. Price Information: [USD/CNY Central Parity Rate​​]The People's Bank of China set the USD/CNY central parity rate at 7.1815, up 25 basis points from the previous trading day's rate of 7.1840. The official closing rate on the prior trading day was 7.1869, while the overnight offshore rate settled at 7.1870. ​​[Upstream Feedstock Prices (USD)​​] Ethylene (Asia)​​:CFR Northeast Asia: USD 780/tonCFR Southeast Asia: USD 850/ton Propylene (Northeast Asia)​​:FOB Korea average: USD 700/tonCFR China average: USD 750/ton LPG Prices​​:North Asia CFR:Propane: USD 541.5–543.5/tonButane: USD 511.5–513.5/ton   South China CFR (Early July Delivery):Propane: USD 595–605/tonButane: USD 535–545/ton   Taiwan CFR:Propane: USD 541.5–543.5/tonButane: USD 511.5–513.5/ton ​​[Polyethylene (PE) Prices (USD)​​] ​​LLDPE​​:Film: USD 895/ton (CFR Huangpu)Injection Molding: USD 970/ton (CFR Dongguan) ​​HDPE​​:Film: USD 900–920/ton (CFR Huangpu)Blow Molding: USD 865–870/ton (CFR Huangpu) ​​LDPE​​:Film: USD 1,025–1,035/ton (CFR Huangpu) ​​[Polypropylene (PP) Prices (USD)​​] Homopolymer: USD 890–935/ton (CFR Huangpu) Copolymer: USD 955–1,060/ton (CFR Huangpu) Film Grade: USD 1,025–1,090/ton (CFR Huangpu) Transparent Grade: USD 1,085/ton (CFR Huangpu) Pipe Grade: USD 1,160/ton (CFR Shanghai)  

Raw Materials News - Four Key TiO₂ Metrics Determine Masterbatch Quality​​;Packaging News - AMCOR Fully recyclable wet wipe packaging developed in collaboration with Fedrigoni; Equipment News - German plastic machinery orders fell 21% in 2024 ; Macro News - OPEC+ Quota Hikes Yet to Translate into Significant Output Growth​​; Price Information - The central parity rate of the RMB against the US dollar is 7.1855, down 10 points. International News Details:​​ 1. German plastic machinery orders fell 21% in 2024 Orders for German plastics and rubber machinery fell by another 21% in 2024, adjusted for prices changes, according to official figures from trade group VDMA. 2. AMCOR Fully recyclable wet wipe packaging developed in collaboration with Fedrigoni Packaging manufacturer Amcor has teamed up with speciality paper manufacturer Fedrigoni to launch a fully recycle-ready flexible packaging solution for wet wipes.The product pairs Amcor’s AmPrima Plus flow wrap with Fedrigoni’s patented semi-rigid label to create a mono-material pack that can be recycled in polyethylene recycling streams across Europe.  3. ​​Chanel Is Getting Into the Recycling Business The French luxury giant is launching a new circularity focused venture with investments in waste management and recycling companies, much as it has bought up top-end ateliers in a decades-long push to future-proof its supply chain. 4. ​​Four Key TiO₂ Metrics Determine Masterbatch Quality​​Titanium dioxide (TiO₂), a critical raw material for masterbatch production, directly impacts end-product performance. Industry experts highlight four core quality indicators: whiteness, water-soluble content, dispersibility, and opacity. Whiteness, influenced by hydrolysis control, particle size, and calcination temperature, is paramount for high-end white masterbatches. While some manufacturers use fluorescent brighteners for visual enhancement, their effects are short-lived compared to intrinsic TiO₂ quality. 5. ​​Master Bond Launches UV-Curable Adhesive for Diverse Substrates​​ Master Bond launches Master Bond UV15-7HP, a low viscosity, easy to apply, one-part, UV curable adhesive system. Optimal adhesion is achieved in bond line thicknesses of 0.001-0.003 inch.The adhesive can cure rapidly with a minimum intensity of 20-40 milliwatts/cm2 using a UV light source emitting at a wavelength of 320-365 nm. The material can also be cured in sections up to 0.125 inch thick under appropriate conditions, making it suitable for bonding, sealing, coating, and encapsulation. 6. ​​Masterbatch manufacturer obtains French CSTB certification Spanish masterbatch specialist Delta Tecnic said it has developed a pigment additive, which recently obtained certification from the French organisation providing research, consultancy, testing, and certification services in the construction industry CSTB. 7. Avantium signs PEF offtake agreement with Hoogesteger, a fresh juice producer  Avantium signs PEF offtake agreement with Hoogesteger, a fresh juice producerAvantium N.V. has signed a conditional offtake agreement with Hoogesteger, a producer of fresh cold-pressed juices in the Netherlands. Hoogesteger will purchase the 100% plant-based, recyclable polymer PEF (polyetehylene furanoate) from Avantium’s FDCA Flagship Plant for the use in bottles for its fresh juices made from ultra-fresh vegetables, fruit and fresh herbs.   Global Macro Market Updates:​​ ​​ Morgan Stanley: OPEC+ Quota Hikes Yet to Translate into Significant Output Growth​​Morgan Stanley noted that while OPEC+ may be raising oil production quotas to reactivate idle capacity, actual output growth remains negligible. "Daily quotas increased by ~1 million barrels from March to June, yet tangible production growth is elusive," analysts including Martijn Rats stated. Notably, Saudi Arabia’s output shows no marked rise. ​​U.S. Travel Ban on 12 Nations Takes Effect​​A Trump-era travel ban targeting citizens from over a dozen African and Middle Eastern countries officially commenced at 12 AM ET on Monday, reigniting debates reminiscent of the 2017 policy’s legal turmoil. ​​South Korean Egg Prices Hit 4-Year High​​Per the Korea Rural Economic Institute, the average retail price for 30 large eggs reached KRW 7,026 in May—the highest since July 2021. Prices are projected to climb further through August due to supply constraints. ​​Syria to Rejoin SWIFT System​​Syria’s new central bank governor announced the country will fully reintegrate into the SWIFT payment network within weeks, marking a pivotal step toward economic reentry after 14 years of war and sanctions.   ​​ Price Information: ​​​​ [RMB to USD Central Parity Rate] The central parity rate of RMB against the US dollar was 7.1855, down 10 points; the previous trading day's central parity rate was 7.1845, the previous trading day's official closing rate was 7.1847, and the previous night's closing rate was 7.1947. [US Dollar Market Prices of Upstream Raw Materials] Ethylene in Asia: CFR Northeast Asia 780 USD/ton; CFR Southeast Asia 850 USD/ton. Propylene in Northeast Asia: FOB South Korea average 745 USD/ton; CFR China average 775 USD/ton. North Asia frozen cargo CIF prices: propane 536-538 USD/ton; butane 505-507 USD/ton. South China frozen cargo CIF prices for July: propane 601-611 USD/ton; butane 541-551 USD/ton. Taiwan region frozen cargo CIF prices: propane 536-538 USD/ton; butane 505-507 USD/ton. [US Dollar Market Prices of LLDPE] Film: 870 USD/ton (CFR Qingdao); Injection molding: 970 USD/ton (CFR Dongguan). [US Dollar Market Prices of HDPE] Film: 900-920 USD/ton (CFR Huangpu); Hollow: 865-870 USD/ton (CFR Huangpu). [US Dollar Market Prices of LDPE] Film: 1025-1035 USD/ton (CFR Huangpu). [US Dollar Market Prices of PP] Homopolymer: 890-935 USD/ton (CFR Huangpu); Copolymer: 955-1060 USD/ton (CFR Huangpu); Film grade: 1025-1090 USD/ton (CFR Huangpu); Transparent: 1085 USD/ton (CFR Huangpu); Pipe: 1160 USD/ton (CFR Shanghai).    

International News Highlights  Raw Materials News - Westlake Epoxy and Alpha Recyclage Composites to advance composites recycling Automotive News - Toray and partners launch end-of-life aircraft recycling program for composites Machanery News- North American plastics machinery shipments drop again in Q1 2025 Packaging News - Topstar's Whole-Plant Solution Helps North American Customers Achieve Intelligent Upgrades Medical News - Boston Scientific Sells Its Veteran Campus Macro News - Iranian Foreign Ministry Spokesperson Denies "Iran Transmitting Messages to Israel via Cyprus" Price Information - Ethylene Asia: CFR Northeast Asia $790/ton; CFR Southeast Asia $850/ton   Details of International News  Toray and partners launch end-of-life aircraft recycling program for compositesToray Advanced Composites, Daher, and TARMAC Aerosave announce the launch of a joint End-of-Life Aerospace Recycling Program for commercial aircraft production.Working with Airbus, this collaborative initiative will focus on advancing recycling technology practices in aerospace manufacturing by recovering and reusing end-of-life secondary structural components made from continuous fiber-reinforced thermoplastic composites. Westlake Epoxy and Alpha Recyclage Composites to advance composites recycling Corporation announced that Westlake Epoxy will collaborate with Alpha Recyclage Composites to support them in scaling up the recycling capacity for carbon fiber composite materials.This collaboration will provide support to Westlake’s composite customers in their development of improved circular options for both production (scrap or off spec composite materials that otherwise become waste) and end-of-life waste. The recovery of the carbon fibers from composite materials for reuse in new or emerging applications aims to establish a more sustainable alternative to traditional disposal methods such as landfilling and incineration. Borouge Signs $531 Million Logistics Agreement to Enhance Petrochemical Export Capability Petrochemical giant Borouge Plc recently announced the signing of a 15-year, AED 1.95 billion (approximately $531 million) cooperation agreement with ADNOC L&S, a logistics services company under Abu Dhabi National Oil Company (ADNOC), to optimize maritime logistics processes and enhance the UAE's petrochemical export capability. Boston Scientific Sells Its Veteran Campus Recently, according to the official website of CBRE, the world's largest commercial real estate services and investment company, Boston Scientific has put its 24-acre campus in Minnetonka, Minnesota, up for sale. Records show that Boston Scientific has been operating at 10700 Bren Road West since the 1980s and redeveloped it in 2013. The site now features 225,900 square feet (approximately 21,000 square meters) of modern laboratory, office, and warehousing space, long serving as the core function for its medical device manufacturing. Braskem, America's Largest PP Producer, Makes a Major Strategic Shift Considering a challenging environment for the petrochemical industry and a prolonged downcycle-exacerbated by high energy costs and reduced economic activity in Europe-Braskem is redirecting all resources toward its core business: the production of chemicals and plastics. As such, Braskem is divesting from the mechanical recycling joint venture, Upsyde, with Terra Circular, which focused on producing road plates and pallets from post-consumer plastic. Japan's Ethylene Equipment Utilization Rate Remains Depressed for 33 Consecutive Months Recently, statistics released by the Japan Petrochemical Industry Association showed that in April, the domestic ethylene equipment utilization rate in Japan was 78.6%, remaining below the 90% target for measuring prosperity for 33 consecutive months. The prolonged downturn in ethylene equipment utilization shows no sign of improvement. The association stated that in view of changing market conditions and reduced utilization rates due to increased regional production, each enterprise is taking measures to advance structural reforms. In terms of adjusting ethylene production equipment, in addition to the announced plan to close two units in Chiba Prefecture and one unit in Kanagawa Prefecture, in April, three companies in western Japan—Mitsui Chemicals, Asahi Kasei, and Mitsubishi Chemical—merged their two units into one. This will reduce Japan's domestic ethylene production capacity by 30% to approximately 4.4 million tons. Regarding this restructuring, Koji Kudo, President of the Petrochemical Industry Association, said it is unlikely that two or three units will be closed consecutively. Closing these units is meaningless unless environmental protection measures are taken simultaneously. Xycle breaks ground on chemical recycling plant in Rotterdam Xycle has broken ground on its first commercial-scale pyrolysis plant, located in the port of Rotterdam.Dow, ING, Invest-NL, Polestar Capital and Vopak are among the investors in the Dutch chemical recycler . North American plastics machinery shipments drop again in Q1 2025 Economy Market Forecast Plastics Processes Shipments of extruders were strong and increased by double digits year-over-year, but injection molding machine shipments were down. Shipments of injection molding and extrusion machinery in North America fell to US$252.1 million in the first quarter of 2025 from the previous quarter, which is a decline of 17.5 per cent from the last quarter of last year and 4.6 per cent decline year-over-year, according to a new report from the Plastics Industry Association’s Committee on Equipment Statistics (CES). Topstar's Whole-Plant Solution Helps North American Customers Achieve Intelligent Upgrades In a newly built Mexican food packaging factory in North Carolina, the intelligent manufacturing solution provided by Topstar is operating efficiently. Industrial robots flexibly adjust their operation trajectories according to process requirements, and advanced machine vision technology acts as an "electronic eye," significantly improving the production efficiency and product qualification rate of food boxes. This in-depth cooperation originated from the customer's procurement need for single machines. Topstar verified the performance of the solution through on-site testing at the Mexican factory. According to customer feedback, while maintaining high efficiency, the equipment reduces comprehensive costs by approximately one-third compared to similar European and American products. The excellent performance has prompted the customer to continue purchasing, gradually replacing the original equipment.   Overseas Macro Market Information  Iranian Foreign Ministry Spokesperson Denies "Iran Transmitting Messages to Israel via Cyprus" The Tehran Times reported that the Iranian Foreign Ministry spokesperson denied the news that "Iran transmitted messages to Israel via Cyprus." "Iran has not transmitted any messages to Israel through any country, and this claim is completely false," the spokesperson said. Israeli Refinery in Haifa Hit by Iranian Missile, Causing Fire Local time on the 16th, a refinery in Haifa, northern Israel, was hit by an Iranian missile, triggering a large fire. Japanese Finance Minister: Discussing with Markets Is Key to Ensuring Stable Government Bond Trading Japanese Finance Minister Katsunobu Kato said that before the much-watched meeting between the Ministry of Finance and investors, discussing with market participants is a key factor in ensuring stable government bond trading. He stated that as the Bank of Japan reduces its bond purchases, the government needs to find other investors to fill the gap. The Japanese Ministry of Finance plans to hold a meeting with primary dealers on June 20, three days after the Bank of Japan's policy decision, where the central bank is widely expected to slow the pace of reducing bond purchases at this meeting. U.S. Diplomatic Facilities in Israel Damaged in Iranian Attack Local time on the 16th, U.S. diplomatic facilities in Tel Aviv, Israel, were damaged in the missile attack launched by Iran in the early morning of the same day. In the early morning of the day, Iran launched a new round of missile attacks on Israel, and air raid sirens sounded in multiple areas of Israel. South Korea to Submit Supplementary Budget Plan to the Cabinet on June 19 According to Yonhap News Agency, South Korea will submit a supplementary budget plan to the cabinet on June 19. Morgan Stanley Raises Q3 Brent Crude Price Forecast Morgan Stanley: Due to the Israel-Iran conflict, the Q3 Brent crude oil price forecast is raised to $67.50 per barrel.   Price Information  RMB to U.S. Dollar Central Parity RateThe central parity rate of RMB against the U.S. dollar was reported at 7.1789, down 17 points; the previous trading day's central parity rate was 7.1772, the previous trading day's official closing price was 7.1813, and the overnight trading close was 7.1853. Upstream Raw Material US Dollar Market Prices Ethylene Asia: CFR Northeast Asia $790/ton; CFR Southeast Asia $850/ton. Propylene Northeast Asia: FOB South Korea average $720/ton, up $10/ton; CFR China average $760/ton, up $10/ton. North Asia frozen cargo CIF price: Propane $575-577/ton; Butane $543.5-545.5/ton. South China frozen cargo July upper CIF price: Propane $587-597/ton; Butane $534-544/ton. Taiwan region frozen cargo CIF price: Propane $575-577/ton; Butane $543.5-545.5/ton. LLDPE US Dollar Market Prices Film: $915/ton (CFR Huangpu), up $10/ton; Injection molding: $960/ton (CFR Dongguan); HDPE US Dollar Market Prices Film: $900-915/ton (CFR Huangpu), up $5/ton; Hollow: $865/ton (CFR Huangpu); LDPE US Dollar Market Prices Film: $1,035/ton (CFR Xiamen); PP US Dollar Market Prices Homopolymer: $885-935/ton (CFR Huangpu); Copolymer: $955-1,040/ton (CFR Huangpu); Film material: $1,025-1,090/ton (CFR Huangpu); Transparent: $1,085/ton (CFR Huangpu); Pipe material: $1,160/ton (CFR Shanghai).