【Overseas Highlights】A German Polyamide Firm Files for Bankruptcy! Sintoma Divests Its Acrylic Monomers Business; Toyota Cuts Overseas Production Capacity

Top News Highlights:

Raw Material News-German polyamide manufacturerLeuna-PolyamidApply for bankruptcy, just established for less than3

Packaging News-Niagara bottled water acquisitionAbsopureRetail water business, increasing investment in domestic manufacturing and circular economy in the United States.

Electronics News-SABICrelaunch regenerationPCComposite materials for applications such as consumer electronics enclosures.

Automotive News-Iran situation hits market demand; Toyota to further cut overseas production capacity.

Macro News-An oil tanker located in the Persian Gulf has been booked at nine times the benchmark freight rate.

Price Information-The central parity rate of the Renminbi against the US dollar is reported at.6.8195lower 24

The following are the details of international news:

1.German polyamide manufacturersLeuna-PolyamidFiled for bankruptcy, having been established for less than3

Recently,Headquartered in Leuna, Germany (caprolactam in Leuna) andPolyamideManufacturerLEUNA-Polyamid initiated insolvency proceedings less than three months after being acquired by its new owners from DOMO Chemical. LEUNA-Polyamid was established in April 2026, when it was acquired from DOMO Chemical by the chemical park operator InfraLeuna and the epoxy resin producer Leuna-Harze. Due to deteriorating economic conditions and soaring raw material prices, the new company soon ran into liquidity problems. According to a statement letter sent to customers, LEUNA-Polyamid filed for insolvency with the Halle Local Court in Germany on June 17, 2026.

2.Policy Implemented! Indonesia Exempts Import Duties on Plastic and Petrochemical Raw Materials to Fully Ease Industry Cost Pressures

2026 The fiscal budget size for the second half of the year reached2634 trillion Indonesian rupiah (equivalent to14.7 US$100 million), one important measure among them is to cancel liquefied petroleum gas (LPG) in the petrochemical industry.LPGand import tariffs on plastic raw materials.Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto on 6 22 The Japanese side stated that this tariff reduction aims to lower corporate production costs, while also helping domestic industries purchase substitute raw materials and easing the shortage of naphtha supplies caused by geopolitical conflicts in the Middle East. At present, the current import tariff rate for liquefied petroleum gas is5%This tariff adjustment will provide petrochemical plants with lower-cost alternative feedstocks.

3.Niagara Bottling AcquisitionAbsopure Retail water business, increasing investment in U.S. domestic manufacturing and the circular economy

Niagara Bottling completes acquisition Absopure its bottled water retail business. This acquisition not only enables the family-owned beverage manufacturer to significantly expand its scale, but also further underscores its long-term commitment to deepening domestic U.S. production support and advancing sustainable development.The company, headquartered in Ontario, California, stated that following the completion of this acquisition, it will invest several hundred million dollars to upgrade manufacturing facilities across the Midwest, Northeast, West Coast, and Southwestern United States. This round of infrastructure upgrades will fully implement advanced manufacturing processes, reducing the environmental impact of production and operations across the entire value chain.

4.UK-based Synthomer strategically streamlines its business portfolio by selling its Czech acrylate monomers business to Mutares.

Global specialty polymers and functional materials leader Synthomer will sell its Czech acrylate monomers business to Mutares, advancing the streamlining of its business portfolio and further focusing on its core specialty chemicals business. Synthomer Group (Synthomer plchas signed a definitive agreement and will be responsible for operating the subsidiary’s Czech acrylate monomer business.Synthomer a.s. Sale to Mutarese Limited PartnershipMutares SE & Co. KGaAMutares is a German listed investment firm that focuses on acquiring and transforming industrial companies in transition and restructuring phases. The acrylic ester monomer business is one of the leading core suppliers of acrylic acid and related acrylic ester monomers in the European spot market. Its production base is located in Sokolov, Czech Republic, and it currently has approximately employees.300

5.SABICrelaunch regenerationPCComposite materials, intended for applications such as consumer electronics housings.

6 22 ，Saudi Basic Industries Corporation (SABIC)SABIC) launched a brand newLNP™ ELCRIN™ DC0051RC1Composite material. The composite material contains 75%post-consumer recycling (PCR) materials, designed to enhance product recyclability while delivering excellent mechanical performance. This isSABICThe first based onPCRCarbon fiber reinforced composites. This composite material is made using...Polycarbonate（PC) resin, featuring excellent dimensional stability, high modulus, andUL94 V0Ultra-thin wall flame-retardant performance, very suitable for consumer electronic product housings.

。

6.Evonik is advancing the industrialization of chemical recycling technology for polyurethane foam in Germany and has received funding from the local government.

6 23Daily news, Currently advancing a new technology at its factory in Hanau, Germany, which can convert polyurethane.PUThe foam is reintroduced into the recycling process. The Minister of Economy, Energy, Transport, Housing, and Rural Affairs of Hesse, Germany.Kaweh MansooriRecently visited the Wolfgang Industrial Park and personally presented Evonik with a grant to support the further development of this innovative recycling process. Evonik plans to build a technical center at its Hanau site dedicated to the chemical recycling of plastics. The technical center will further investigate pretreatment processes (shredding, pelletizing, grinding) and purification processes for reaction mixtures (filtration, centrifugation), as well as how to utilize a wider variety of waste materials.

7.The situation in Iran is impacting market demand, and Toyota will further reduce overseas production capacity.

According to Nikkei News6 23reported on [date] that, affected by the near-total shutdown of the Strait of Hormuz and continued weakening market demand, Toyota Motor plans to2027 2Around the month before and after, an additional reduction of approximately10Toyota has informed its core parts suppliers of the adjusted production plan, which involves an overseas factory output of several hundred thousand vehicles. The conflict in the Middle East has led to a sharp rise in international oil prices, causing a drag on car demand in China, the Middle East, and other regions. Previously, Toyota had reduced production in Japan by about4tens of thousands of vehicles specially supplied to the Middle Eastern marketAutomobile production capacity。

Overseas macro markets:

Iranian parliament speaker visits Azerbaijan to discuss post-war regional changes

According to Iran’s semi-official Fars News Agency, Iranian Parliament Speaker MohammadBagher Ghalibaf arrived in Baku, the capital of Azerbaijan, on Wednesday to attend the Parliamentary Summit of the Organization of Islamic Cooperation. Ghalibaf said the summit was an opportunity to explain the post-war situation. The situation in the region has changed, and we must look at the issues from a different perspective.

A tanker in the Persian Gulf has been chartered at nine times the benchmark freight rate.

A supertanker has been provisionally booked by a customer at a freight rate nearly nine times the benchmark level to transport crude oil from the Persian Gulf to India, a staggering price that reflects the shortage of available tankers in the region. According to shipbrokers, the vessel, which can carry about200The ultra-large crude oil tanker with a capacity of 300,000 barrels will be provided by the Korean shipowner Changjin Merchant Marine, and the price is as follows:897 WorldscalePoints, equivalent to the benchmark price.897%is the highest rate so far this year.WorldscaleThe freight rate is a standard benchmark indicator for chartering in the tanker industry and is set annually for specific routes, such as routes from the Persian Gulf to China or Singapore. Vessels are typically booked at a certain percentage of that benchmark rate, known as points. Brokers said the Sinokor Merchant Marine booking was based on the rate for the Persian Gulf-to-Singapore route.

[Report: Iranian Oil Minister Travels to India to Attend the BRICS Energy Summit]

According to Iranian state television, Iran’s oil ministerMohsen PaknejadWill attend in an Indian cityGurugramThe BRICS countries' energy ministers' meeting was held, and meetings were conducted with their Indian counterparts. Reports indicate that...PaknejadWill discuss the development of bilateral relations with Indian officials and cooperation in the fields of oil, natural gas, refining, and petrochemicals.

[Korean central bank: considering inflation, the economy, financial factors, etc., it is necessary to raise interest rates at an appropriate time]

The Bank of Korea stated in its semi-annual Financial Stability Report released on Wednesday that, despite increasing domestic and external uncertainties, the country's financial system remains overall stable thanks to stronger economic growth, resilient financial institutions, and robust external balance. However, the report warns that financial imbalances may further worsen as housing prices in Seoul and surrounding areas accelerate and investors increasingly rely on leverage to purchase assets. The report stated:The Bank of Korea since2025Since the second half of the year, the benchmark interest rate has been maintained at.2.5%"However, considering inflationary pressures, economic conditions, and financial stability risks, it is deemed necessary to raise the policy interest rate at an appropriate time."

Price Information:

The central parity rate of the yuan against the US dollar is reported.6.8195, lowered24points; central parity rate on the previous trading day6.8171Last trading day's official closing price.6.7865the previous night session closed at6.7938。

USD market prices of upstream raw materials

6 23 CFRNortheast Asia ethylene870 /Ton stable,CFRSoutheast Asia900 /Ton steady.

Northeast Asia propyleneFOBAverage price in South Korea reaches960 /tons stable,CFRChina average price to990 / 25 /

CIF North Asia refrigerated propane cargo price588-592 /ton; butane588-592 /

Frozen goods from South China7CIF price of propane at the dock under the moon.653-663 /tons; butane673-683 /

Taiwan region frozen goods CIF price, propane588-592 /ton; butane588-592 /

【LLDPEUSD market price

Thin film:1030 / CFRHuangpu);

【HDPEUSD market price

Thin film:1100 / CFRHuangpu);

Hollow:1260 / CFRsalt fields);

Injection molding:1200 / CFR(Yantian)

【LDPEUSD market price]

Thin film:1280 / CFRHuangpu;

【PPU.S. dollar market price

Junjv:1270 / CFRHuangpu);

Co-polymerization:1270 / CFRNansha.

Membrane material:1560 / CFR(Huangpu);

Transparent:1440 / CFR(Huangpu);