Borouge Launches New Medical PE Product! McDonald's Japan Switches to Recycled Plastic Cup Lids! LG Electronics Production Capacity Plans Shift

International News Highlights:

Raw Material News-McDonald's JapanFrom November 19, paper straws will be replaced with recycled plastic cup lids.

-LG Chem: Accelerating the Expansion of the Eco-friendly Flame Retardant Materials Market for Cables in China

Electronic News-Major companies plan to shift production capacity to India.

-Selenis launches medical packaging film resin that balances performance and sustainability.

Medical News-Borouge Launches UAE's First Locally Manufactured Medical Grade Low-Density Polyethylene

Macroeconomic NewsMinistry of Commerce: The Chinese government attaches great importance to and actively promotes the work related to joining the CPTPP.

Here are the details of international news.：

1、Bolu has launched the UAE's first locally manufactured medical-grade low-density polyethylene.

On November 6, Borouge announced the launch of the UAE's first locally produced medical-grade low-density polyethylene (LDPE). The additive-free product Bormed LE6607-PH is based on Borealis' mature Bormed technology and is specifically designed for pharmaceutical and medical packaging, with applications including blow-fill-seal bottles, ampoules, and other medical packaging. The company announced this news at ADIPEC 2025 held in Abu Dhabi this week.

2、Selenis launches medical packaging film resin that balances performance and sustainability.

Leading supplier of specialty copolyester solutions.Selenis recently announced the official launch of Selcare CE 500, a product from its dedicated brand Selcare, which focuses on the healthcare sector. This is a low ethylene glycol modified polymer resin specifically designed for the film extrusion process in medical health packaging. The product is described as a "breakthrough" innovation.New MaterialsRecyclable features, fully compliant.The requirements related to RIC1 are indicated. Selenis states that Selcare CE 500 is a new member of the Selcare medical-grade product line, which has always focused on sustainability as a core concern.

3、McDonald's JapanStarting November 19, paper straws will be replaced with recycled plastic cup lids.

McDonald's Japan announced.Starting from November 19, we will gradually stop using paper straws and instead introduce a new design with a built-in drinking hole directly on the beverage cup lid. The lid is made from 100% recycled PET plastic sourced from discarded plastic bottles. The lid features a drinking hole for direct consumption, reducing the risk of spills, especially optimized for carbonated beverages to prevent splashing. Environmental goal: This initiative is part of McDonald's sustainability plan for 2022-2025, which is expected to reduce the use of virgin plastic by approximately 6,600 tons annually.‌

4、LG Chem: Accelerating the Expansion of the Eco-friendly Flame Retardant Materials Market for Cables in China

Recently,LG Chem and Polytronics High Polymer Technology Co., Ltd. (hereinafter referred to as "Polytronics") have signed a strategic cooperation agreement to develop high-performance environmentally friendly flame-retardant cables, aiming to jointly explore the market for environmentally friendly flame-retardant materials in China's cable industry. Han Dong-ye, head of LG Chem's PVC/Plasticizer Division, and Ke Kairen, general manager of Polytronics, attended the signing ceremony.

5、Major manufacturers plan to shift production capacity to India.

LG Electronics is planning to relocate some of its production facilities, including displays and electronic components, to India. The company aims to expand its manufacturing base and R&D centers in India in accordance with the growth of the Indian electronics manufacturing market. According to reports, LG places a high value on the growth potential of the Indian electronics manufacturing industry and is exploring the expansion of its factory automation facilities as well as the supply chain for displays and components in India. LG Group, the holding company of LG Electronics, plans to invest 10 billion rupees in Noida, India, to establish a global R&D center, which is expected to create approximately 500 new jobs.

6、Medtronic announces another executive departure, marking the [number] within a year.

Ken, Chief Innovation Officer of MedtronicKen Washington announced that he will retire on November 14. Washington joined Medtronic in 2023 as the company's first Chief Innovation Officer. Washington's retirement is the latest in a series of recent executive departures from Medtronic. Earlier this week, the company announced that Executive Vice President of Global Operations Gregory L. Smith plans to retire on December 2 and will join a private equity holding company.

Other recent executive changes include:In September, Executive Vice President and President of the Cardiovascular Product Portfolio Sean Salmon left the company, and Skip Kil took over; in August, Senior Vice President and Chief Communications Officer Torod Neptune departed; in July, Executive Vice President, General Counsel, and Secretary Ivan Fong retired; in May, former Senior Vice President, Global Chief Financial Officer, and Chief Accounting Officer Jennifer Kirk left to become the CEO of Exubrion Therapeutics; the Chief Financial Officer position was also transitioned this year, with Thierry Pieton succeeding Karen Parkhill, who left in June to join HP.

By 2030, Norway's new sorting facilities will process about 80% of the country's plastic packaging waste.

Norway's new national plastic packaging waste sorting facilityOmrå officially opened today. The facility is jointly owned by TOMRA and Plastretur, with ambitious goals – it is expected to process approximately 80% of Norway’s packaging waste by 2030. Områ utilizes advanced sensor-based technology to precisely classify mixed plastic waste into ten separate fractions, including polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), and polystyrene (PS), among others. This refined classification greatly enhances recycling rates. The facility has a strong processing capacity, capable of handling 90,000 tons of plastic annually, transforming plastic packaging waste into uniform polymer fractions ready for recycling, including plastics that previously could only be incinerated. Currently, about one-third of plastic packaging waste in Norway is recycled, with the majority still being incinerated. The emergence of Områ is expected to change this situation.

Overseas macro market information.

AI-driven: U.S. October Challenger job cuts hit the highest level in over 20 years for the same period.

Driven by technology and the warehousing industry, American companies.In October, it was announced that 153,074 people would be laid off. The reasons for the layoffs include the application of artificial intelligence, weak consumer and business spending, and rising costs, which are prompting people to tighten their belts and freeze hiring. So far this year, the number of layoffs has exceeded 1 million, and the hiring plans announced by U.S. employers are the lowest since 2011, indicating a weak labor market.

Ministry of Commerce: The Chinese government attaches great importance to and actively promotes joining.CPTPP-related work

On November 6th, the Ministry of Commerce held a regular press conference. Ministry of Commerce spokesperson He Yadong responded that the Chinese government highly values and actively promotes the work related to joining the CPTPP. In the context where unilateralism and protectionism are severely impacting the international economic and trade order, if China joins the CPTPP, it will play a greater role in upholding multilateralism and free trade.

The Ministry of Commerce: China is willing to deepen mutually beneficial cooperation with the EU and explore the possibility of negotiating various economic and trade agreements, including an investment agreement.

The Ministry of Commerce held a regular press conference, where spokesperson He Yadong stated that China has noticed the EU's active efforts to diversify its export markets through free trade agreements with foreign businesses. Currently, China is promoting a high-level opening up policy, actively aligning with international high-standard economic and trade rules, and steadily expanding institutional openness. There are broad common interests and vast cooperation space between China and the EU in the economic and trade fields. China is willing to deepen mutually beneficial cooperation with the EU and explore the possibility of negotiating various economic and trade agreements, including investment agreements, to enhance the level of trade and investment liberalization and facilitation between China and the EU.

UK business leaders warn Chancellor to abandon short-term thinking. The numerous small tax increases will impact businesses.

The UK's largest business lobbying group has issued a warning regarding Chancellor Rachel.In the budget proposal prepared by Reeves, a series of small-scale tax increases will hit businesses, stating that she should "prioritize long-term prosperity over short-sighted thinking." The UK Chancellor delivered a speech on Tuesday to lay the groundwork for tax measures in the budget on November 26, seeking to take action to fill the fiscal gap amid rising borrowing costs, the high cost of policy reversals, and global economic headwinds brought on by the Trump tariff war. In last year's budget, which primarily targeted businesses, she raised taxes by £40 billion ($52 billion), and the latest statement from the Confederation of British Industry warns that "a multitude of taxes is not a reliable path to economic prosperity."

"World Open Report"2025 Official Release

The 8th Hongqiao International Economic ForumThe "World Openness Report 2025" release and international seminar was held in Shanghai. The newly released "World Openness Report 2025" announced the 2024 World Openness Index. Based on the values and rankings of 129 economies on the World Openness Index from 1990 to 2024, Singapore ranked as the economy with the highest level of openness, followed by Hong Kong, China in second place, and Ireland in third. The 2024 World Openness Index is 0.7545, a 0.05% decrease compared to the previous year, a 0.34% decrease compared to 2019, a 5.39% decrease compared to 2008, and a 7.08% increase compared to 1990. While global openness has slightly tightened, China's efforts to expand its openness have achieved remarkable results.

【In October, the global manufacturing PMI was 49.7%, and the global economy continued its slow recovery trend.

The China Federation of Logistics and Purchasing announcedIn October, the Global Manufacturing Purchasing Managers' Index (PMI) remained unchanged from the previous month, continuously operating within the 49% to 50% range for eight months, reflecting a continued slow recovery of the global economy. The Global Manufacturing PMI for October was 49.7%, the same as the previous month. From January to October, the average Global Manufacturing PMI was 49.6%, an increase of 0.3 percentage points compared to the same period last year, but still below the level of the same period in 2019.

Price information:

The central parity rate of RMB to USD is reported as7.0865, up 36 points; the previous trading day's central parity rate was 7.0901, the previous trading day's official closing rate was 7.1246, and the previous night session closed at 7.1276.

[Upstream Raw Material USD Market Prices]

CFR Northeast Asia is steady at $740/ton, and CFR Southeast Asia is steady at $730/ton.

Northeast Asia PropyleneThe FOB Korea average price reached 710 USD/ton, and the CFR China average price reached 730 USD/ton.

Northern Asia CIF price, propane489-492 USD/ton; butane 510-513 USD/ton.

China South Frozen GoodsIn December, the CIF price for propane is $541-551 per ton; for butane, it is $526-536 per ton.

Taiwan region CIF price, propane489-492 USD/ton; butane 510-513 USD/ton.

【LLDPE USD market price

Thin film:830-860 USD/ton (CFR Huangpu);

Injection Molding935 USD/ton (CFR Huangpu);

【HDPE USD market price

Film860-900 USD/ton (CFR Huangpu);

Injection Molding: 820 USD/ton (CFR Huangpu);

Hollow:830-860 USD/ton (CFR Huangpu);

Pipe material:1010 USD/ton (CFR Huangpu);

【LDPE USD market price

Film:1030-1050 USD/ton (CFR Huangpu);

Coating: 1280 USD/ton (CFR Huangpu).

【PP USD market price

Injection Molding:840-915 USD/ton (CFR Huangpu);

Co-polymerization:840-870 USD/ton (CFR Nansha);

Membrane material:1015 USD/ton (CFR Huangpu);

Transparent:1035-1080 USD/ton (CFR Huangpu);

Pipe material:1100 USD/ton (CFR Shanghai).

Edit: Translate the above content into English and output the translation directly without any explanation. Yun Shimeng （Carrie）