[International News] European Plastic Recycling Industry on the Verge of Collapse! BASF Plans to Spin Off This Business, Lanxess Faces Pressure in Third Quarter Performance

Headline Digest:

Raw Material News-Initiated by INEOS10+EU anti-dumping complaint.PVC、ABSSeeking trade protection for products such as polyolefins.

Automotive News-Honda Motor2025The annual profit forecast has been significantly downgraded.21%

Packaging News-Avantium LogoplasteSign the bio-basedPEFCapacity reservation agreement to accelerate high-performance packaging innovation.

Other News-CJ Biomaterials BIQ MaterialsAddressing microplastics from artificial turf.

Macroeconomic News-The U.S. Senate passes a temporary funding bill, government shutdown expected to end.

Price Information-CFRNortheast Asia740 / CFRSoutheast Asia730 /

Here are the details of international news:

1.Ingersoll Rand initiated10+EU anti-dumping complaint.PVC、ABSSeeking trade protection for products such as polyolefins.

Specialized Plastic Vision11 12It was reported that INEOS has officially submitted or is in the process of submitting to the European Commission.10Initiate a major anti-dumping case.，Including polyvinyl chloride (PVC), ethylene glycol (MEG）、1,4-Diethylene glycolBDOTerephthalic acidPTAAcrylonitrile-Butadiene-Styrene CopolymerABSThe company stated that this move aims to protect its production base, employees, and long-term investments, while also safeguarding thousands of customers, suppliers, and contractors who rely on a strong European chemical industry. In a statement, the company added that the European chemical industry is being overwhelmed by a flood of low-cost imported products from Asia, the Middle East, and the United States. These products are driving down prices for European manufacturers, who are facing the highest energy prices in the world and rising carbon costs.

2.Shengxi Ao'sPMMA 50%Recycled components are:TapìThe high-quality bottle caps of the group provide power.

TapìCooperate with the special materials solution provider Shengxiao.ALTUGLAS™ R-LIFE™ VML-H CR50 Poly(methyl methacrylate)PMMA) integrated into its premium bottle caps, this is a kind of by50% High-quality acrylic resin grades made from chemically recycled components. This is more than just a material upgrade.;This is a statement of intent. From spirits to cosmetics,Tapì The bottle cap is designed to seal and speak.ALTUGLAS™ R-LIFE™ PMMA ComplianceTapì Sustainable development goals: consciously using resources, simplifying production, and reducing environmental impact.

3.CJ Biomaterials BIQ MaterialsAddressing Microplastics from Artificial Turf

Specialized Vision11 12According to reports, the South Korean eco-friendly materials supplierCJ Biomaterials Announce cooperation with a Swedish biomaterials composite companyBIQ Materials A strategic partnership has been established to address the increasingly severe issue of microplastic pollution caused by artificial turf. The central consensus of this collaboration is that traditional infill materials for artificial turf pose environmental risks, necessitating a new solution.

4.DIN EN 18065Building a European Plastic Recycling Data Standardization System

Special World of Plastics11 12It was learned today.DIN EN 18065 A unified European recycling system has been established for the first time to record standardized data regarding the source, material characteristics, and recycling process of plastic recyclables. This standard aims to enhance transparency and traceability throughout the entire value chain, thereby creating conditions for the broader application of recycled materials. This will not only promote related trade but also drive investment and lay the foundation for subsequent international standardization processes.

5. 110An international organization warns that Europe's plastic recycling industry faces the risk of collapse.

Recently, bySearious BusinessInitiated"Sound the alarm for recycling."In action,111An international organization jointly issued a statement warning that the European plastic recycling industry is facing the risk of systemic collapse. The statement urges EU policymakers to take immediate action to address the issue of virgin plastics and...Recycled plasticThe issue of price imbalance between the two sides.——The current price gap is forcing recycling companies to go out of business, seriously threatening the achievement of the EU's circular economy goals. The statement points out that the European plastic recycling industry is trapped in multiple crises: since2023Since the beginning of the year, the industry's recycling capacity has lost approximately.10010,000 tons, equivalent to the annual processing capacity of a large recycling facility. A typical example includes the UK waste management company.Biffa 2025 2Sunderland factory closure last month, competitors.Viridor 2022Three recycling plants have been closed since the beginning of the year. More critically,Borealis NesteMajor chemical companies have canceled plans to build new recycling plants in Europe, severely damaging investment confidence in the industry.

6.Avantium LogoplasteSign Bio-basedPEFCapacity Reservation Agreement, Accelerating High-Performance Packaging Innovation

Recently, leading companies in the field of renewable and recycled polymer materials.Avantium N.V.Pleased to announce that we have partnered with a global packaging manufacturer.Logoplaste Consultores Técnicos, SA.(Abbreviation)Logoplaste"plant-based recyclable polymers"PEFPolyethylene terephthalate, branded asreleaf®Sign a capacity reservation agreement. As dedicated to developing recyclable fiber-based bottle bodies"Bottled Alliance"（Bottle CollectiveStrategic partner.Logoplaste AvantiumThrough this agreement, we further strengthen our cooperative relationship and support both parties in jointly developing the next generation of packaging solutions, expanding to...LogoplasteThe core business of providing high-performance packaging bottles for industries such as beverages, food, pharmaceuticals, home care, and personal care.

7.BASF to Spin Off Agricultural Business, Aiming for Global Top Three, Plans to List in Frankfurt, Germany.

11 11On the day, BASF Group's Agricultural Solutions business officially announced that it will become a European company.Societas Europaea, SEListed on the Frankfurt Stock Exchange in the form of ) with the stock code.SE。 This move is a key step in BASF's "Winning Strategy," aimed at promoting the business.2027The newly established agricultural solutions company will be managed by Dr. Livio Tedeschi, who completed the independent listing last year.Livio TedeschiLeader, responsible for promoting business transformation and preparing for the initial public offering (IPO).IPOBASF expects in this regard.IPOAfterwards, it will retain controlling rights, continue to benefit from the growth and success of the business, and implement a corporate governance structure in line with market practices.

8.Honda Motor2025Annual profit forecast significantly downgraded21%

Recently, according to media reports, due to the rising one-time costs of electric vehicles, a decline in sales in China and other Asian markets, and a shortage of semiconductor components from Nexperia, Honda has announced a significant downward revision of its annual profit forecast.21%According to reports, Honda Motor will end2026 3Monthly fiscal year operating profit forecast.7000 Reduced to 100 million yen5500100 million yen (approximately255.59(100 million yuan). In the first half of this fiscal year, its automotive business has already incurred an operating loss, with one-time expenses related to electric vehicles reaching as high as2240Billion yen. As a result, Honda Motor will2030The global electric vehicle sales target share for the year.30%Downgrade to20%At the same time, it has suspended the development of certain electric vehicle models.

9.ADNOCThe acquisition of Covestro is expected to receive EU approval in the coming weeks.

According to Reuters, sources revealed that the Abu Dhabi National Oil Company (ADNOC)ADNOC) intends to147Acquisition of a German chemical company for billions of euros.Covestro（CovestroThe transaction is expected to receive EU approval in the coming weeks.2025 11 5The European Union's competition regulatory body, the European Commission, announced the latest news on its website stating that the European Commission has at10 24Japan has resumed its investigation into the transaction. Previously, the European Commission had...9 3Pause the investigation and wait.ADNOCProvide the required information.

10.Lanxess's third-quarter performance was under pressure, and the effectiveness of its cost-saving plan has become evident.

The continuously weak economic environment and severe geopolitical uncertainties have impacted the specialty chemicals company Lanxess. 2025 The sales in the third quarter of the year were affected.13.38 billion euros, compared to the same period last year.15.98 Billion euros decrease16.3%Profit Before Interest, Taxes, Depreciation, and Amortization (EBITDA) within the Scope of Regular Business OperationsEBITDA) As1.25 billion euros, compared to the same period last year.1.73 Euro billion decline27.7%The decline in performance is mainly due to a decrease in sales caused by overall weak demand.2025 4 1 The completion of the sale of the polyurethane systems division (whose performance will no longer be included in the quarterly financial report) and unfavorable exchange rate fluctuations also impacted the group's profit decline.

Overseas Macroeconomic Market:

[U.S. stocks closed mixed, with the Dow Jones Industrial Average surging while the Nasdaq performed sluggishly]

Beijing Time 11 12 In the early morning, U.S. stock markets showed a clear divergence at closing. The Dow Jones Industrial Average surged about.560 Point, the increase reached1.18%Report47927.96 This is due to favorable news that the U.S. government shutdown is expected to end, which alleviated some market risks; while the Nasdaq fell.0.25%Report23468.301 The point is mainly influenced by pressure on trading in AI-related sectors, with a trend of capital rotation from growth stocks to value stocks.

The U.S. Senate passes a temporary funding bill, bringing hope to end the government shutdown.

Local time 11 10 The U.S. Senate passed a temporary funding bill last night, and the bill is currently awaiting a vote in the House of Representatives and the President's signature. The government shutdown has already exceeded...40 The sky has not only caused consumer confidence to drop to its lowest point in over three years but has also led to the suspension of multiple economic reports. If the bill is ultimately passed, the reopening of the government will facilitate the normal collection and publication of subsequent economic data, providing critical information for the market to assess the state of the U.S. economy.

Goldman Sachs and HSBC are optimistic about the Indian stock market, predicting... 2026 The year will see a significant increase.

11 11 According to recent news, international financial giants Goldman Sachs and HSBC have shown an optimistic attitude towards the Indian stock market. Both institutions have released positive forecasts, believing that the Indian stock market will...2026 The year is expected to achieve significant gains, a view that may rekindle the interest of overseas institutional investors in the Indian stock market and drive capital flow into it.

Price Information:

The central parity rate of the RMB against the US dollar is reported.7.0833 Increase33Point; previous trading day's midpoint7.0866 Previous trading day's official closing price7.1175The night trading session reported yesterday.7.1185。

[Upstream raw material USD market price]

CFRNortheast Asia740 / CFRSoutheast Asia730 /

Northeast Asia PropyleneFOBAverage price in South Korea690 / CFRChina average price to715 /

CFR North Asia, Propane491-493 /Tons; Butane512-514 /

China South Frozen Goods12CIF price of propane538-548 /Ton; Butane523-533 /

Taiwan region CIF price for frozen goods, propane491-493 /Ton; butane512-514 /

【LLDPEUS dollar market price

Thin film:810-850 / CFRHuangpu).

Injection molding:940 / CFRHuangpu);

【HDPEUSD market price

Film860-905 / CFRHuangpu);

Injection molding: 820-830 / CFRHuangpu);

Hollow:830-840 / CFRHuangpu;

Pipe material:1010 / CFRHuangpu.

【LDPEUSD market price

Film1030 / CFRHuangpu);

Coating: 1190 / CFRHuangpu).

【PPU.S. dollar market price

Import of homopolymer for injection molding: Saudi Sumitomo Y101 Quotation810 /Ton, Huangpu,11Monthly shipment;

Import Copolymer: UAE Borouge BJ368MO Quotation880 / CFRHuangpu, spot.