Clariant Plans to Shut Down Multiple Plants! Wingtech Releases Latest Statement! Oriental Yuhong Acquires Stake in Brazilian Company

International News Guide

Raw Material News - Clariant Discloses Details of Cost-Cutting Plan, Plans to Shut Down Multiple Plants

Automotive News - Wingtech's Statement on the Suspension of Administrative Order by the Dutch Ministry of Economic Affairs

Electronics News - Syensqo Launches Perfluoroelastomer Product Portfolio, Achieving Major Breakthrough in High-Performance Sealing Materials

Packaging News - Corvaglia and Wisecap Jointly Build New Ecosystem for European Closure Business

Building Materials News - Strengthening Overseas Layout! Oriental Yuhong Plans to Acquire 60% Stake in Brazil's Novakem for RMB 144 Million

Macroeconomic News - Japanese Cabinet Approves ¥21.3 Trillion Economic Stimulus Package

Details of International News

1.Clariant Discloses Details of Cost-Cutting Plan, Plans to Shut Down Multiple Plants!

According to Plastmatch on November 21, Clariant revealed to Chemweek that it has closed its care chemicals plant in Zarate, Argentina, in the third quarter of 2025; meanwhile, it plans to shut down its ethylene oxide and derivatives facility in Gendorf, Germany, in the fourth quarter of 2025.

In addition, Clariant intends to cease production at its adsorbent plant in Porte de Valence, France, in early 2026. The company stated that it plans to close its light stabilizer facility in Muttenz, Switzerland, by the end of 2026. Clariant told Chemweek that consultations on the closure plan are currently underway, and the exact closing dates will be announced by March 2026.

2.Wingtech's Statement on the Suspension of Administrative Order by the Dutch Ministry of Economic Affairs

The suspension of the administrative order by the Dutch Ministry of Economic Affairs is a first step toward a proper resolution of the issue, but it is by no means the final solution.

We urge the Dutch Ministry of Economic Affairs to face up to the essence of this incident and promptly and completely correct its mistakes. It should not only permanently revoke the administrative order issued based on the Goods Availability Act and withdraw its participation in and support for the enterprise court but also ensure the restoration of the legitimate control rights of Chinese shareholders and the legitimate rights of Chinese personnel, returning Nexperia to its state prior to September 29, 2025.

3.Syensqo Launches Perfluoroelastomer Product Portfolio, Achieving Major Breakthrough in High-Performance Sealing Materials

Syensqo has launched the Tecnoflon^® NFS FFKM product portfolio, marking a major breakthrough in high-performance sealing materials.

Designed specifically to meet the semiconductor industry's growing demand for purity, durability, and sustainability, this product represents a significant advancement in next-generation polymer science. The development of the product is driven by multiple factors, including increasing regulatory pressure to eliminate fluorosurfactants, rising demand for higher purity in semiconductor and industrial processes, and the need for materials that can withstand harsher operating environments.

Syensqo's forward-looking approach addresses customers' demand for higher-performance, sustainable sealing solutions and is committed to building a more resilient supply chain.

4.Jan-Oct 2025: China's Cumulative Injection Molding Machine Export Value Reaches RMB 13.9 Billion

Customs data shows that from January to October 2025, China's total import and export value of goods trade reached RMB 37.31 trillion (the same below), a year-on-year increase of 3.6%.

Among them, exports were RMB 22.12 trillion, an increase of 6.2%; imports were RMB 15.19 trillion, basically flat with the same period last year. ASEAN maintained its position as China's largest trading partner. The total trade value between China and ASEAN was RMB 6.18 trillion, an increase of 9.1%, accounting for 16.6% of China's total foreign trade.

5.Strengthening Overseas Layout! Oriental Yuhong Plans to Acquire 60% Stake in Brazil's Novakem for RMB 144 Million

To actively advance the company's internationalization strategy and continuously expand overseas markets, on November 21, Oriental Yuhong (002271) issued an announcement stating that its wholly-owned subsidiary Oriental Yuhong Brazil Ltda. (hereinafter referred to as "Oriental Yuhong Brazil") signed a share purchase agreement with five counterparties including Brazilian natural person OTTO MASCARENHAS SILVA on November 19 (November 18 Brazilian time).

The company plans to acquire a 60% stake in Novakem Indústria Química Ltda. (hereinafter referred to as "Novakem") from the counterparties for approximately 108 million Brazilian reals (equivalent to about RMB 144 million based on the exchange rate on the date of the agreement). The transaction amount will be adjusted based on the working capital and net liabilities as of the closing date.

6.Corvaglia and Wisecap Jointly Build New Ecosystem for European Closure Business

Corvaglia Group, a global leader in beverage packaging closure solutions, has recently entered into a strategic partnership with Wisecap, a leading European producer of plastic closures and seals for the beverage industry headquartered in Italy.

Under the agreement, Wisecap will integrate the closure production business of Corvaglia Closures Eschlikon AG, a subsidiary of Corvaglia Holding AG, into its European production network covering Italy, the Czech Republic, Spain, Poland, and Egypt. In return, Corvaglia Group will hold a minority stake in Wisecap and provide it with industry-leading injection molding technology and innovative closure design solutions.

Overseas Macroeconomic Market

【China Reactivates "Wolf Warrior Diplomacy"? MOFA: The International Community Should Focus More on Japan's True Intentions】

Foreign Ministry Spokesperson Mao Ning hosted a regular press conference. A Reuters reporter asked: Some Chinese diplomats have posted on social media regarding Japanese Prime Minister Sanae Takaichi's remarks on Taiwan, such as Chinese officials accompanying posts with a series of cartoons. Some analysts believe this indicates that China has reactivated "Wolf Warrior Diplomacy" and express concerns about it. What is China's comment?

Mao Ning said: Japanese Prime Minister Sanae Takaichi publicly made wrong remarks involving Taiwan, implying the possibility of military intervention in the Taiwan Strait, which undermines the political foundation of China-Japan relations and has aroused public anger and condemnation among the Chinese people. China firmly opposes this. "I think the international community should focus more on what Japan's true intentions are and whether Japan can adhere to the path of peaceful development," Mao Ning added.

【Japanese Cabinet Approves ¥21.3 Trillion Economic Stimulus Package】

Japan's Cabinet approved a ¥21.3 trillion (approximately $135.4 billion) economic stimulus package on Friday, the first major policy initiative of the new government since taking office.

The package includes ¥17.7 trillion in general spending, far exceeding the ¥13.9 trillion level last year, making it Japan's largest fiscal stimulus since the COVID-19 pandemic. In addition, the plan includes ¥2.7 trillion in tax reduction measures.

【U.S. Ambassador Pressures Greece to Sell Chinese-Operated Port, Greece Refuses】

The U.S. Ambassador to Greece recently urged Greece to sell the Port of Piraeus operated by a Chinese company, which was strongly criticized by China. Multiple Greek media outlets have paid attention to the dispute, stating that "China has counterattacked the U.S. for the first time on the port issue."

Greek political media Parapolitika quoted statements from multiple Greek politicians on the 19th, reporting that the positive effects of China's investment in the port have been widely recognized.

【U.S. Treasury Bond Prices Rebound After Job Data Release; Decline in Risk Assets Drives Investors to Safe-Haven Treasuries】

In late New York trading on Thursday (November 20), the yield on the U.S. 10-year benchmark Treasury bond fell 5.22 basis points to 4.0845%. It rose to 4.1580% (a daily high) when U.S. job data was released at 21:30 Beijing time, remained stable around 4.14% before that, then continued to decline, and hit a daily low of 4.0825% at 05:42.

The yield on the 2-year U.S. Treasury bond fell 5.87 basis points to 3.5327%, trading within the range of 3.6231%-3.5306% intraday.

【Trump Revises Tariff Scope on Brazilian Goods】

On November 20 local time, the White House announced that President Trump signed an executive order revising the tariff scope on goods imported from Brazil.

The 40% ad valorem tariff on some goods remains unchanged, but given the progress in negotiations, the additional ad valorem tariff on specific Brazilian agricultural products entering the U.S. after 00:00 EST on November 13 has been lifted. The White House stated that this move aims to balance national security concerns and promote the development of U.S.-Brazil trade relations.

Price Information

The CNY/USD central parity rate was reported at 7.0875, an increase of 30 pips; the central parity rate of the previous trading day was 7.0905, the official closing price of the previous trading day was 7.1167, and the night session closing price of the previous day was 7.1180.

【Upstream Raw Material USD Market Prices】

Ethylene Asia: CFR Northeast Asia USD 730/ton; CFR Southeast Asia USD 720/ton.

Propylene Northeast Asia: FOB South Korea average USD 695/ton; CFR China average USD 725/ton.

North Asia refrigerated cargo CIF price: Propane USD 520-522/ton; Butane USD 546-548/ton.

South China (China) refrigerated cargo CIF price for early December: Propane USD 563-573/ton; Butane USD 553-563/ton.

Taiwan region refrigerated cargo CIF price: Propane USD 520-522/ton; Butane USD 546-548/ton.

【LLDPE USD Market Prices】

Film: USD 835-855/ton (CFR Huangpu);

Injection Molding: USD 935/ton (CFR Huangpu).

【HDPE USD Market Prices】

Film: USD 830-905/ton (CFR Huangpu);

Injection Molding: USD 800-830/ton (CFR Huangpu) [Note: Corrected the typo "800-30" to "800-830"];

Blow Molding (Hollow): USD 830/ton (CFR Huangpu);

Pipes: USD 1000/ton (CFR Huangpu).

【LDPE USD Market Prices】

Film: USD 1000-1050/ton (CFR Huangpu);

Coating: USD 1280/ton (CFR Huangpu).

【PP USD Market Prices】

Injection Molding: USD 800/ton (CFR Huangpu);

Copolymer: USD 820-860/ton (CFR Nansha);

Film Grade: USD 975/ton (CFR Huangpu);

Transparent Grade: USD 1065/ton (CFR Huangpu);

Pipes: USD 1100/ton (CFR Shanghai).