【Overseas Highlights】Rmb Hits Three-Year High! Toray Industries Develops New Material, Tesla's New Technology Approved

International News Digest:

Raw Material NewsMilestone! Three DuPont PVF (Polyvinyl Fluoride) plants in the U.S. fully transition to 100% renewable electricity

Automotive NewsTesla's New Technology Approved! Wireless Charging for EVs Becomes a Reality

Medical NewsMGS acquires Danish company Knudsen Plast A/S to strengthen its medical injection molding and cleanroom production capacity.

Electronic NewsApple plans to shift some Mac Mini production from Asia to Houston.

Macro NewsThe U.S. advances anti-subsidy investigations on solar products, imposing high preliminary tariffs on India, Indonesia, and Laos.

Price InformationThe RMB central parity rate against the US dollar hits a new high since May 11, 2023.

Here are the details of the international news:

Milestone! DuPont’s three PVF (polyvinyl fluoride) plants in the U.S. now fully powered by 100% renewable electricity.

DuPont recently announced that its three Tedlar® polyvinyl fluoride (PVF) film production bases in Buffalo, New York, Louisville, Kentucky, and Fayetteville, North Carolina, have achieved 100% renewable electricity use through the purchase of renewable energy certificates (RECs). This milestone reflects DuPont's commitment to using renewable energy and supports the company's 2030 sustainability goals and 2050 carbon neutrality vision.

2. MGS acquires Danish Knudsen Plast A/S, strengthening its medical injection molding and cleanroom capacity layout

Medical technology manufacturer MGS recently announced the acquisition of Knudsen Plast A/S, a Denmark-based injection molding company with over 40 years of industry experience, which has long served medical device original equipment manufacturers (OEMs).

This acquisition further expands the company's cleanroom capacity at its facilities in Denmark and Slovakia.

MGS provides medical product design and development, high-cavity mold manufacturing, automation solutions, and high-volume precision manufacturing services across 13 global regions.

3. Toray Develops Spherical 3D-Printing PA12 Powder for Excellent Surface Finish

Toray Industries, Inc. announced that it has successfully developedToraypearl™ Polyamide (PA) 12— A truly spherical PA12 powder, widely compatible with powder bed fusion (PBF) 3D printers. Leveraging Toray’s proprietary polymer particle engineering technology.New materialsEnables 3D-printed parts to possess multiple properties simultaneously.Excellent surface finish High impact strength。

4. Filamentive launches recycled nylon filament made from PA12 powder waste

Filamentive has launched its new rPA12 recycled nylon filament, made from 100% MJF powder waste.

Filamentive Announces LaunchrPA12 Recycled Nylon FilamentThis product was jointly developed with partner 3devo.Completely using unused Multi Jet Fusion (MJF) PA12 powder wasteMade from industrial waste, Filamentive is transforming this waste stream into high-performance filament that engineers and 3D printing operators can actually use.

5. Tesla's new technology gets approval! Wireless charging for electric vehicles becomes a reality, but is it not a competitor to NIO's battery swapping?

The U.S. Federal Communications Commission (FCC) recently announced its approval for Tesla to use Ultra-Wideband (UWB) technology in electric vehicle wireless charging systems, enabling the “last 100 meters” of wireless charging for the Cybercab.

According to the FCC's description file, this is not Tesla's electric vehicle wireless charging system, but a point-to-point communication technology used to guide vehicles to accurately align with the charging pad.

Tesla mentioned in the documentation that when the vehicle approaches the charging pad, UWB briefly activates to confirm whether the vehicle is accurately aligned with the charging pad.

In 2024, Tesla announced at the "We, Robot" event that the Cybercab will use wireless charging instead of the traditional NACS plug-in. To the outside world, wireless charging is seen as a crucial part of Tesla's robot and Robotaxi plans.

6. Apple plans to move some Mac Mini production from Asia to Houston.

According to foreign media, Apple will move the production of some Mac Mini desktop computers from Asia to the United States.

Apple's chief operating officer, Sabih Khan, said that the new manufacturing plan will launch later this year at a Foxconn plant north of Houston. This plan is the latest initiative of Apple's investment in the US.

Apple's previously announced investment plans include building a new server manufacturing plant in Houston, opening a supplier academy in Michigan, and additional investments with existing suppliers.

Like dozens of other companies, Apple's investment commitment was made under pressure from the Trump administration to boost domestic investment, in exchange for which these companies received tariff exemptions.

Overseas macro market:

The US initiates anti-dumping investigations on solar products, imposing high preliminary tariff rates on India, Indonesia, and Laos.

After determining that India provided unfair subsidies to its domestic solar manufacturing industry, the U.S. government imposed a preliminary tariff rate of 126% on solar products imported from India. The U.S. also set preliminary anti-subsidy duty rates for solar products from Indonesia and Laos: a range of 86% to 143% for Indonesia and 81% for Laos. The U.S. stated that these rates are based on findings of foreign subsidies that enabled exporters from these countries to sell their products in the U.S. market at prices lower than those of domestically produced solar products. Product.

[Trump: Favors resolving the Iran nuclear issue through diplomatic means]

On February 24th local time, during his State of the Union address, U.S. President Trump stated that the United States is in negotiations with Iran. Trump said that Iran wishes to reach an agreement, but the U.S. has not yet heard those secret commitments. He emphasized that the United States will never allow Iran to have nuclear weapons, and he prefers to resolve this issue through diplomatic means.

[Sanae Takaichi picks two reflationists to join central bank's policy board]

Japanese Prime Minister Asako Kishida's government on Wednesday nominated two inflationist scholars to join the Bank of Japan's policy board. The Japanese government nominated Professor Ayano Sato from Aoyama Gakuin University and Professor Junko Asada from Chuo University to replace the outgoing members, Shizuo Hoshino and Junko Nakagawa.

[UK media reports that the US military can only sustain 4 to 5 days of high-intensity airstrikes against Iran]

According to a report by the Financial Times on the 24th, an Israeli intelligence official said that even if the USS Ford carrier strike group arrives in Iran, the current U.S. military capability can only sustain 4-5 days of high-intensity air strikes, or about a week of low-intensity strikes. The report said that after pressuring Iran for weeks without achieving substantial concessions, U.S. President Trump is weighing whether to take a larger-scale military action against Iran.

The United States imposes sanctions on individuals and entities from Russia and the United Arab Emirates.

On February 24, the U.S. Treasury Department's Office of Foreign Assets Control announced that, pursuant to the Countering America's Adversaries Through Sanctions Act (CAATSA) and cyber-related sanctions, it would add four individuals and three entities to the Specially Designated Nationals list, involving Russia and the UAE.

[Pentagon's "Pizza Index," U.S. Defense Secretary Responds]

The phenomenon known as the Pentagon's "Pizza Index," which some believe has accurately foreshadowed major geopolitical events, may simply be the result of U.S. Defense Secretary Hegseth ordering large quantities of pizza himself "to throw everyone off," according to The Hill on the 23rd.

Price Information:

CNY to USD mid-price hits highest since May 11, 2023

The USD/CNY central parity rate was quoted at 6.9321, up 93 points; the previous trading day's central parity rate was 6.9414, the official closing price on the previous trading day was 6.8849, and the overnight trading session closed at 6.8812.

[Upstream Raw Material USD Market Prices]

CFR Northeast Asia 695 USD/ton, CFR Southeast Asia 685 USD/ton

Northeast Asia propylene FOB Korea average price stabilized at USD 790/ton, while CFR China average price stabilized at USD 835/ton.

China South China refrigerated cargo March CFR prices: propane $616–626/ton; butane $615–621/ton

Taiwan region frozen goods CIF price, propane 597-599 USD/ton; butane 597-599 USD/ton

[LLDPE USD market price]

Film: 820 USD/ton (CFR Shanghai);

Injection molding: USD 925 per metric ton (CFR Huangpu)

HDPE USD Market Price

Film: $910-920/ton (CFR Huangpu);

Hollow: 858-1040 USD/ton (CFR Huangpu)

Injection Molding: No quotation;

Pipe: No quotation available

[LDPE US dollar market price]

Film: USD 1,060 per metric ton (CFR Dongguan)

Coating: No quotation.

[PP USD Market Price]

Film: 1020 USD/ton (CFR Huangpu)

Transparent: $1070-1120/ton (CFR Huangpu)

Pipe material: $1,130/ton (CFR Shanghai).