Lushan Products Supply Cut! Sadara, Mitsubishi Chemical Exits MMA Joint Venture

Headlines Summary:

Raw Material News-Due to ongoing supply chain disruptions, a major chemical plant in Saudi ArabiaSadaraTemporarily Discontinued

Packaging News-Ban on polystyrene continues to escalate!GenpakClose another factory

Other News-BASF will inChinaplasLaunch innovation for the athletic shoe industryTPUProduct Line

Macro News-Japanese Prime Minister urges the International Energy Agency to be prepared to release additional oil reserves if necessary.

Price information-RMB to USD mid-price reported6.9025Raise169

The following is the detailed international news:

1.Due to ongoing supply chain disruptions, a major chemical plant in Saudi ArabiaSadaraTemporarily suspended production

Saudi Aramco's joint venture with Dow Chemical——SadaraThe company will3 31Daily confirmed that its large petrochemical complex in Jubail, Saudi Arabia, has suspended production due to ongoing global supply chain disruptions. The announcement was made by the subsidiary that issues Islamic bonds on behalf of its parent company.SadaraBasic Services Company announced. According to a statement cited by Reuters, the company currently cannot determine when operations will resume and emphasized that the timeline will depend on a range of internal and external factors.SadaraOperating a major industrial facility in Jubail, with an annual production capacity of chemicals and plastics exceeding300Ten thousand tons. This shutdown is expected to have a negative impact on the company's financial performance for the current year.

2. 14010,000 metric tons of polyethylene capacity!BGIA few days after the group’s establishment, Borouge4The phase is scheduled to go live this week.

Abu Dhabi National Oil Company (AdnocInvestment department under the groupXRGthe spokesperson3 31Nakano Pro Energy Information said, Abu Dhabi Bole will4The expansion project will start production this week, which will add new capacity.140 /annual chemical production capacity; and just days ago, its new parent company, Borouge International Group (Borouge Group International, abbreviated asBGI) was officially established just now.

3.BASF willChinaplasLaunch Innovations for the Athletic Footwear IndustryTPUProduct Series

2026 China International Plastics and Rubber ExhibitionCHINAPLAS) , BASF will launch a major new offering.Elastollan® GripTecSeries —— an innovative thermoplastic polyurethane (TPU) specifically designed for the athletic footwear industry.TPU) product portfolio, opening up new possibilities for the design and production of shoe soles. NewElastollan® GripTec The series combines excellent grip, durability, design flexibility, and sustainability, targeting runners and hikers, while also suitable for casual fashion footwear and children's shoes.

4.Polystyrene ban continues to escalate!GenpakClose another factory

Affected by increasingly stringent bans on polystyrene foam products in neighboring states, food packaging enterprises Genpak announce the closure of its production facility in Cedar City, Utah. The plant, which has been deeply rooted in the local community for over three decades, is scheduled to close on2026 5 23 Production operations will officially cease on that day. This decision comes as multiple U.S. states have successively enacted regulations restricting disposable foam food containers, cutlery, and cups.

5.Arkema andZephir Project joint development of racing boards using recyclable liquid thermoplastic resin

2026 JEC At the World Composites Expo, Arkema andZephir The project has launched a product that adoptsElium ® Resin-made ecological design racing board prototype.Elium ® The resin is the world's first recyclable liquid thermoplastic resin. This panel incorporates materials that promote a circular economy from the design stage, laying the foundation for a new generation of composite material components that combine performance, precision, and recyclability.

6.Mitsubishi Chemical will exit its operations in Taiwan.MMAJoint venture

3 31 Mitsubishi ChemicalThe company announced that it has entered into an agreement with Taiwan.MMASingle unit manufacturer and distributor, Kaohsiung Plastic Chemical Co., Ltd. (hereinafter referred to as)"KMC") and China Petrochemical Development Co., Ltd. (hereinafter referred to as"CPDC"Reach an agreement, to terminate withCPDCJointly heldKMCEquity, and the company holdsKMCAll shares are transferred toCPDC。

7.Daicel issued a notice regarding adjustments to product shipment volumes due to the deteriorating situation in the Middle East.

3 31 ，Dai CelluloidThe official website announced that due to the recent deterioration of the situation in the Middle East, the procurement prospects of various raw materials are full of uncertainty. The company is making every effort to ensure stable supply, but due to the impact of raw material procurement conditions, the supply assurance of some products is expected to face difficulties. Therefore, the company has to request customers to adjust the shipping quantities for the following related products. Detailed information will be communicated separately.

Affected products:

■ Material Business DivisionMaterial SBU）

1,3-Butanediol

Acetylacetone

Glycidol

Ethyl acetate, butyl acetate, propyl acetate, isopropyl acetate, etc.

■ Smart Materials DivisionSmart SBU）

Epoxy Resin Products

Caprolactone product

High boiling point solventMMPGAC、MMPG、MB、MBA, diol ethers, etc.)

■ Healthcare Business DivisionHealthcare SBU）

Polyglycerol and Its Derivatives

8.Yingjieweit announced toCapa®A provisional special surcharge on caprolactone products

EngelbertIngevityannounced that, in light of the recent evolution of the geopolitical situation in the Middle East, which has led to a significant increase in the cost of its entire supply chain (including raw materials, energy, logistics, and related risk costs), the company will adjust its prices.Capa®A temporary special surcharge will be imposed on the caprolactone products. This temporary surcharge will take effect immediately, and Ingenve will charge all applicable orders a surcharge of RMB per ton.515US Dollar (or440The standard surcharge will be levied. This temporary surcharge will be implemented as needed according to market conditions.

Overseas Macroeconomic Market

 Yemen's Houthi rebels claim to have launched a new round of attacks on sensitive targets in Israel

Yemen’s Houthi Armed Forces4 1The organization announced on the morning that it has joined forces with Iran and Hezbollah of Lebanon to launch a new round of ballistic missile attacks, targeting sensitive locations within Israel.

But not open to the United States

According to the British Broadcasting Corporation (BBC), “RT” (RT) reported that Ibrahim Aghaee, Chairman of the Iranian Parliament’s National Security and Foreign Policy Committee,4 1Japan’s daily newspaper issued a statement calling out U.S. President Trump, stating that the Strait of Hormuz will certainly be reopened, but it will not be open to the United States.

Qatar Energy confirms that one of its oil tankers was hit by a missile.

Local time4 1On Thursday, Qatar Energy announced in a statement that one of its leased tankers was attacked by a missile in Qatar's northern territorial waters early Thursday morning. The statement said that all crew members on board were unharmed, and the incident did not cause any environmental damage. Qatar's Ministry of Defense4 1Japan stated that Qatar was hit by three cruise missiles from Iran on the same day, and Qatar successfully intercepted one of them.2The third missile hit an oil tanker, leased by Qatar Energy, which was anchored in Qatari territorial waters. The relevant Qatari authorities successfully evacuated the crew from the ship.21famous crew members, with no casualties.

Emirates airline bans Iranian citizens from entering the UAE or transiting through the country.

Emirates4 1

Israel raises fuel prices by about15%】

4 1Starting from the date95The price of # gasoline has been increased to per liter.8.05Shekel1US Dollar approximately3.14Shekel, per liter currently7.02Shekel rises14.7%The statement said that the rise in oil prices was mainly due to an increase of about in regional fuel prices.49%. In addition, the exchange rate also rose slightly by about2%95Regular gasoline price in Israel3the highest level in over a year, second only to2022 7Every month's rise8.08Shekel

Israeli Prime Minister Says Iran No Longer Poses Survival Threat

3 31

Thousands of U.S. soldiers are heading to the Middle East.

Local Time3 31Today, according to U.S. sources, thousands of U.S. troops are being deployed to the Middle East. Two U.S. officials said that the "Bush" aircraft carrier has been deployed today, and is scheduled to head to the Middle East together with three destroyers. The carrier strike group consists of...600082Thousands of paratroopers have also arrived in the Middle East.

[Iranian media reports Iranian Supreme Leader's letter to Hezbollah leader: Will continue to support the struggle against the US and Israel]

Tasnim News Agency of Iran4 1The Iranian Supreme Leader Mojtaba recently sent a letter to Hezbollah leader Nasrallah Qasim. In the letter, Mojtaba stated that Iran's policy is to continue supporting the struggle against Israel and the United States.

Price Information:

CNY to USD mid-price is reported at6.9025, upward adjustment169Point; Previous trading day mid-price6.9194Official closing price of the previous trading day6.9081, the previous night session closed at6.8881。

Upstream Raw Material USD Market Price

3 31 CFRNortheast Asian Ethylene1450 /ton stabilizationCFRSoutheast Asia1500 /Ton stable.

Northeast Asia PropyleneFOBAverage price in South Korea1250 /Stable tonnageCFRChina’s average price to1335 /Tons stable.

North Asia Propane CFR Price928-938 /ton; butane1013-1023US dollars per ton.

Frozen cargo in South China4Landed price, propane994-1004 /ton; butane1044-1054 /

CIF Price of Propane in Taiwan Region928-938 /Ton; Butane1013-1023

【LLDPEUS Dollar Market Price

Film:1170 / CFRHuangpu

Injection Molding1490 / CFR(Dongguan)

【HDPEUSD Market Price

Film: No quotation available.

Hollow:1380 / CFRDongguan

Injection molding: Translate the above content into English, output the translation result directly, without any explanation.1420 / CFRSalt field;

Pipe: No quotation;

【LDPEUS dollar market price

Thin film1450 / CFRDongguan;

Coating: No quotation.

【PPUS Dollar Market Price

Homopolymerization:1380 / CFR(Huangpu)

Copolymerization1580 / CFRHuangpu;

Film material:1560 / CFRHuangpu;

Transparent:1625 / CFRHuangpu;

Pipes and tubes:1680 / CFR(Shanghai)