【Overseas Highlights】First oil tanker released by iran in strait of hormuz; eu slaps heavy tariffs on china; tosoh flame retardants announce price hike

Macro Information

The European Commission has issued a new announcement, imposing final anti-dumping duties on adipic acid originating from China, with anti-dumping duty rates ranging from 29.1% to 42.3%.

Target Product:Brominated flame retardants (Tetrabromobisphenol A / Product name: Flamecut® 120G)

Increase the current price by more than 60 yen per kilogram (approximately USD 2,612 per ton).

Overseas Macroeconomic Market

[Iran’s Foreign Ministry: Iran’s Proposal to the U.S. Is “Not Excessive”] According to Iranian media reports on the 11th, Iranian Foreign Ministry Spokesperson Bahram Qasemi stated that Iran’s proposal to the United States is “not excessive,” while the U.S. continues to insist on “unreasonable demands.”

[Russian Ambassador to Japan: Russia-Japan Relations Enter a “Glacial Period”] According to Russian sources on November 11, Russian Ambassador to Japan Alexander Nosatov stated in an interview that Japan has followed Western countries in imposing sanctions against Russia on matters concerning Russia. “Bilateral relations are experiencing an unprecedented deterioration since World War II and have plunged into a ‘glacial period.’”

[Azerbaijan crude oil to arrive in Japan for the first time since the US attack on Iran] According to the Ministry of Economy, Trade and Industry of Japan, a tanker carrying Azerbaijani crude oil will arrive at the Negishi Refinery in Yokohama City, Kanagawa Prefecture, on the 12th. This will be the first time crude oil from the Central Asian country of Azerbaijan has been shipped to Japan since the US attack on Iran. It is reported that this batch of crude oil was procured by the major Japanese oil company ENEOS. 。

AIEconomist

Price information:

Ethylene CFR Northeast Asia was 1210 USD/ton on May 8, down 40 USD/ton, CFR Southeast Asia was 1240 USD/ton, down 40 USD/ton.

For the June upper half of the month, the CIF price for frozen goods in South China, propane is $916-926/ton; butane is $966-976/ton.

Film: 1330 USD/ton (CFR Huangpu)

HDPE USD Market Price