【Overseas Highlights】Evonik Raises Its Earnings Outlook! EU Issues Final Anti-Dumping Ruling on Chinese BDO; Volkswagen Shuts Four Factories

Top News Brief:

Raw Materials News-EU-ChinaBDOThe final anti-dumping ruling has been issued, with the highest tariff rate.113.7%

Architecture News-AutexCompleted successfullyPETAcoustic Wall Panel Recycling Pilot Project

Automotive News-To save jobs and local production capacity, Volkswagen shareholders are calling for the production of "special supply" models for China in Germany.

Macroeconomic News-Iran says it has no plans to hold any talks with the United States in the coming days.

Price Information-The RMB midpoint rate against the US dollar is reported as follows.6.8109increase upward66

The following are the details of the international news:

1.Evonik: Upgrade2026Fiscal year full-year performance expectation

Evonik in2026The company's performance in the second quarter was strong, so the company raised its guidance.2026Fiscal year full-year performance outlook. Preliminary data show that Evonik expects adjusted earnings before interest, taxes, depreciation and amortization for the second quarter (EBITDA).EBITDA) will be translated into English.6 6.5between ... hundred million euros. Based on the midpoint of the range, this represents an increase compared with the same period last year.23%（2025 Second quarter of the year:5.09hundred million euros). This year5At the beginning of the month, Evonik had estimated that second-quarter earnings would reach at least5.5Euro billion. This positive performance was mainly driven by increases in both sales volume and prices, as well as ongoing cost-cutting measures. Among them, the advanced technologies business segment performed particularly well.

2.AutexSuccessfully completedPETSound-absorbing Wall Panel Recycling Test Project

AutexWith Australian recycling companies LextraCo-developed the reactive extrusion technology for sound-absorbing panels.( reactive extrusion technology)experiment.Autex This indicates that this technology was applied to this product category for the first time. In this trial,Autex the granulation process generates600 Excess kilogramsPETPolyethylene terephthalate is transported to Sydney.Lextra Utilize itsLexRex The system converts these materials into polyols. These polyols can then be used to manufacture new materials for the construction industry, providing an outlet for waste that was previously difficult to recycle. This work marksAutex Has taken a further step in building a fully circular manufacturing system for its products. This also continues to...Autex Future LabThe work results of the company's research and development department focused on materials and manufacturing processes.

3.Volvo Trucks Expands the Use of Recycled Plastics in Vehicle Components

Volvo Trucks significantly upgrades its lineup. VNL Long-haul tractor truck,VNR Regional distribution tractor unitRecycled plasticand the proportion of environmentally friendly materials used, marking an important step in implementing the circular economy in the commercial vehicle manufacturing sector. Volvo had previously used it in the front wheel-arch mudguards. 75% recycled plastic. On this basis, the company plans to make the instrument panels, totaling...44 It is also one of the most comprehensive implemented projects in the heavy-duty truck interior industry in terms of the use of industrial recycled materials, with multiple components replaced by recycled plastic parts.

4.The European Union's policies toward ChinaBDOFinal anti-dumping ruling takes effect, with the highest tariff rate113.7%

Recently,The European Commission has officially issued a notice concerning products originating in China, Saudi Arabia, and the United States.1,4-Butanediol (BDO) made an affirmative final anti-dumping determination and decided that from6 25High anti-dumping duties have been imposed starting from [date]. The EU investigation concluded that those from these three countries.BDOThe products are flooding into the EU market at dumping prices, heavily concentrated in Germany, the Netherlands, and Italy.BDOcaused material injury to the industry.

5.To save jobs and domestic production capacity, Volkswagen shareholders are calling for the production of "special supply" models for China in Germany.

According to Reuters 28 According to reports, Olaf Lies, the governor of Lower Saxony and a major shareholder of Volkswagen, has called for Volkswagen to introduce some models currently developed and produced in China to be manufactured in Germany, which would help stabilize production capacity at local factories and preserve jobs in Germany. Last Friday, it was reported that Volkswagen is considering closing its German plants.4 The factory and expand the scale of layoffs to up to10 "Millions. Lis said, 'If we move the models currently produced in China to production in Germany, we can stabilize the capacity utilization of local factories while bringing new research and innovation opportunities to the German production base. Rather than watching other companies build new factories outside Germany, I am more concerned about stabilizing employment and capacity utilization in German factories.'"

6.Polyurethane foam manufacturerS&K Polytech Seonjin EngineeringPromote business diversification.

6 29 S&K PolytechAnnounced the acquisition of a company specializing in electronic components for electric vehicles.Sunjin Engineeringto achieve business diversification.Sunjin EngineeringIt is a partner of Hyundai Motor Group, mainly producing busbars and terminals for electric vehicles.2025In that year, the company's sales increased year over year.35.9%, achieve225100 million Korean won. Previously, the company had relocated to Hwaseong, Gyeonggi Province, South Korea, expanded its plant, and completed investments to increase production capacity.

Overseas Macro Markets:

[Large-scale joint military exercises held by Japan and the United States]

Japan Ground Self-Defense Force and U.S. Marine Corps from6 20Starting on [date], the large-scale joint military exercise “Resolute Dragon” was held at multiple locations in Japan’s Kyushu and Okinawa regions. During the exercise, Japan Ground Self-Defense Force Osprey transport aircraft flew to Miyako Island for the first time.

A Refinery and Chemical Plant in Eastern India Catches Fire Multiple people injured

local time30In the early hours of the morning, a fire broke out at a refinery in Haldia district, eastern India’s West Bengal state, injuring at least more than ten people. According to local police, several of the injured are in critical condition and have been sent to the hospital for treatment. It is understood that the fire occurred at around local time in the early hours of the morning.4 5A pipeline transporting naphtha at the refinery caught fire. Haldia Petrochemicals Ltd., the refinery operator, said the incident may be linked to naphtha theft, and the exact cause is still under investigation.

As fiscal concerns intensify Japanese ultra-long-term government bond yields rise

30Long-term government bond yields rise10basis points to3.93%；20The yield on government bonds is rising.10basis points to3.65%Previously, the Sanae Takaichi administration of Japan released a roadmap, planning to by2040In the fiscal year, achieve more than in strategic areas such as artificial intelligence and semiconductors.370Trillion yen (2.3trillion dollars) of public and private investment, which has intensified market concerns over Japan’s massive debt andGDPConcerns about ratio issues.

Former BOJ Board Member Says Next Rate Hike Possible12before the moon arrives]

Former Bank of Japan Board MemberKenzo Yamamotoas it said, as the bank moves to normalize the still-too-loose financial environment, its interest rate hikes may come earlier than most people expect. “The Bank of Japan is in a situation where it needs to act quickly,”Yamamotosaid on Monday. When asked whether the Bank of Japan would, as most economists predict, in12When the interest rate is raised again this month, he stated, "Given the current degree of monetary easing, the next rate hike may come even before that."

Iran claims there are no plans for any negotiations with the U.S. in the coming days.

Local time29On the evening of [date], Iranian Foreign Ministry spokesperson Baghaei told the public that Iran has no plans to hold any talks with the United States in the coming days. He also revealed that an Iranian expert delegation will travel to Doha to follow up on the implementation of the Islamabad Memorandum of Understanding, but this visit is unrelated to the visit of the U.S. delegation to Qatar.

Price Information:

The central parity rate of the renminbi against the U.S. dollar was quoted at6.8109Adjust upward.66Point; Previous trading day's midpoint.6.8175Official closing price on the previous trading day6.7929The above content indicates that the night market closed yesterday.6.7960。

[Upstream Raw Material USD Market Price]

6 29 CFRNortheast Asia Ethylene815 / 15 / CFRSoutheast Asia790 / 35 /

Northeast Asia propyleneFOBAverage price in South Korea to850 /tons stable,CFRChina average price until865 /tons stable.

North Asia CFR, Propane576-584 /ton; butane576-584 /

South China Frozen Cargo7CIF price of propane under moonlight590-600 /ton; butane595-605 /

Taiwan region frozen goods CIF price, propane576-584 /ton; butane576-584 /

【LLDPEUSD market price

Thin film:940 / CFRHuangpu);

【HDPEUSD market price]

Thin film:1170 / CFRHuangpu.

Hollow:1240 / CFRYantian);

Injection molding:1210 / CFRSalt Field);

【LDPEUS dollar market price

Thin film:1250 / CFRHuangpu);

【PPUSD market price

Homopolymerization:1270 / CFRHuangpu);

Copolymerization:1270 / CFRNansha);

Membrane material:1560 / CFRHuangpu);

Transparent:1440 / CFRHuangpu);