【Overseas News】Hormuz Risk Rises, Commodities Squeezed! Kazakhstan’s Six-Month Building Materials Import Ban Takes Effect

Headline News Summary:

Raw Materials News: Strohm Secures First Egyptian Order to Supply Carbon Fiber Thermoplastic Composite Pipe (TCP) Flowlines, Supporting Deepwater Oil and Gas Upgrades

Automotive News - Dürr and Fujian Benz launch final assembly workshop renovation project, bringing a high degree of automation and flexibility to the production line

Building Materials News — Kazakhstan Imposes a 6-Month Import Ban on Certain Construction Materials

Medical News — Dymax’s new low-viscosity medical light-curable instant adhesive HLC‑M‑1004 expands the HLC™ product portfolio.

Macroeconomic News -Trump Reportedly Plans to Abandon “Anti-Weaponization” Fund Plan

Price Information-The central parity rate of the renminbi against the U.S. dollar was set at 6.8187, down 20 basis points.

The following are details of international news:

Strohm Wins First Order in Egypt to Supply Carbon Fiber Thermoplastic Composite Pipe (TCP) Flowlines, Supporting Deepwater Oil and Gas Upgrades

The project is operated by Burullus Gas Co., a joint venture between Egypt’s EGAS, Shell, and Malaysia’s Petronas. The pipeline has a design pressure of 5,000 psi and complies with DNV-ST-F1The 19-standard TCP will replace the existing steel flowline in nearly 600-meter-deep waters and will be installed by Oceaneering International of the United States using a horizontal lay method. It can be deployed with a multi-purpose work vessel, without the need for a dedicated pipe-laying vessel, significantly reducing installation costs and complexity. This is the first application of such a TCP solution in the region.

Kazakhstan imposes a six-month import ban on certain building materials

Kazakhstan has issued a temporary import ban prohibiting the import of certain building materials from third countries. The ban will take effect 10 calendar days after its first official publication date (i.e., May 31, 2026) and will remain in force for 6 months, covering all modes of transport.

APR and ANIPAC Sign Cooperation Agreement to Promote Plastics Recycling and the Circular Economy in Mexico

The Association of Plastic Recyclers (APR) and the National Association of Plastic Industry of Mexico (ANIPAC) have reached a cooperation agreement aimed at enhancing the recyclability of plastic products, promoting international recyclability design standards, and advancing the quality and upgrading of the circular economy industry in Mexico.

The cooperation between the two parties aims to build a platform for technical and strategic collaboration, promoting advanced practical standards across the entire plastics industry chain, covering the full process from packaging and product design, material recycling, and reprocessing to the re-entry of recycled materials into the end market.

Overcoming the Challenge of Plastic Degradation! A New Simple Chemical Process Enables Efficient, Green Degradation and Upcycling of Conventional Plastics

Recently, researchers from the University of Edinburgh and RPTU University Kaiserslautern-Landau in Germany developed a new process that can convert traditional plastics used in food packaging and 3D printing materials into polysulfide esters. This biodegradable plastic exhibits unique chemical properties and degrades faster than existing environmentally friendly materials.

This innovation tackles a major environmental challenge: currently, about 99% of the plastic in global circulation is not biodegradable. Although environmentally friendly plastic alternatives are available on the market, most degrade slowly or require high temperatures and highly corrosive chemicals to be fully broken down.

Avantium and Heynen Systems explore the application of bio-based PEF materials in home textiles and soft furnishings.

Leading company in the field of renewable circular polymer materials, Avantium, has announced a collaboration with Dutch technology textile automation manufacturer Heynen Systems to jointly develop and evaluate the application of Avantium's plant-based circular polymer PEF (branded as releaf®) in home textiles and soft furnishings. As part of this collaboration, Heynen Systems' brand Tricover® has developed a prototype cushion made from releaf®. This cushion will be showcased at the Interzum International Furniture Fair in Bergamo, Italy, from June 4 to 5, 2026, to demonstrate the potential of releaf® in comfortable foam material applications.

Enbs composite materials has insured its entire product line with PICC, making it the only insured enterprise in China’s polyurethane window and door industry.

Enbes Composite Materials has recently completed product liability insurance coverage for its entire product lineup, underwritten by the People’s Insurance Company of China (PICC). This move makes Enbes the only company in China’s polyurethane doors and windows industry to have all of its products covered by PICC product liability insurance.

This insurance coverage includes all currently sold polyurethane doors and windows and general FRP-related products of the company. The aim is to institutionalize the transfer and protection of liability risks that may arise during the use of the products through a third-party insurance mechanism.

Durl and Fujian Benz have launched a project to renovate the final assembly workshop, bringing high automation and flexibility to the production line.

Dürr and Fujian Benz had previously reached an agreement and are currently carrying out a large-scale renovation of the final assembly workshop. The two parties will jointly build China’s first highly automated, highly flexible final assembly production line that complies with Mercedes-Benz’s latest global standard (Integra 7). The project includes the construction of a new chassis marriage line, sub-assembly line, and testing line, as well as a comprehensive upgrade of the mechanical structure and control system.

This project was coordinated by Dürr China’s NEXT.assembly team, successfully integrating expertise and experience in conveying, dispensing, assembly, and filling technologies. The upgraded production line is designed to prepare for the mass production of Mercedes-Benz’s all-new pure electric commercial vehicles, enabling the simultaneous implementation of advanced manufacturing processes and new products.

Dymax’s New Low-Viscosity Medical UV-Curable Instant Adhesive HLC-M-1004 Expands the HLC™ Product Portfolio

Dymax, a leading manufacturer of advanced rapid-curing materials and equipment, has officially launched HLC‑M‑1004, a low-viscosity light-curable instant adhesive specifically designed for the efficient assembly of complex medical devices.

The introduction of HLC-M-1004 further expands the Dymax HLC™ light-curing instant adhesive product portfolio. Leveraging a unique curing mechanism, this series can cure both in light-exposed areas and in shaded areas: it achieves instant contact curing in shaded areas, and rapid light curing under low-intensity ultraviolet or visible light, ensuring efficient and smooth production processes.

Overseas Macro Markets:

[Trump reportedly plans to abandon “anti-weaponization” fund proposal] According to informed sources, after facing questions from lawmakers in both parties in Congress and a legal challenge, U.S. President Trump plans to abandon a roughly $1.8 billion “anti-weaponization” fund proposal. The fund was originally intended to compensate the “victims” of the U.S. government’s alleged “weaponization” during former President Biden’s tenure. On June 1, the U.S. news website Axios reported that two senior U.S. government officials said the fund is “currently on hold.”

[HSBC: Rising Strait of Hormuz Risks Push Commodities into a “Super Squeeze”] According to HSBC Holdings, commodities are currently in a state of “super squeeze,” a situation that will worsen if the Strait of Hormuz remains effectively closed. Analysts including Paul Bloxham said in a report that “the longer the strait remains closed, the faster inventories will be depleted, and the more likely certain commodity markets are to reach a ‘tipping point.’” The analysts said the overall commodities cycle remains in a so-called super-bull market phase, but it is very different from previous supercycles because it is driven by supply disruptions.

[SK Hynix plans to double memory capacity within five years] SK Group Chairman Chey Tae-won said that SK Hynix will double its memory capacity over the next five years to ease the severe supply-demand imbalance. Chey said that the HBM4E product roadmap depends on customers, in order toArtificial IntelligenceProducing memory chips will require large quantities of it in the future.AIThe company hopes to become the main HBM chip supplier for NVIDIA’s Vera Rubin system. Choi Tae-won believes the memory shortage will continue until 2030. He declined to specify SK Hynix’s capital expenditure plans.

Typhoon “Qiangwei” Hits Japan, Hundreds of Flights Canceled Affected by Typhoon “Qiangwei,” Japan’s air transport sector has decided to cancel a large number of flights from the 2nd to the 3rd. As of 8 a.m. on the 2nd, Japan Airlines (JAL) had decided to cancel 170 flights. In addition, 269 flights at Tokyo’s Haneda Airport will be suspended on the 3rd, expected to affect more than 31,000 people. East Japan Railway Company said that on the 3rd, trains, mainly in the Tokyo metropolitan area, may experience delays or cancellations.

On June 1, late at night, the Iranian Tasnim News Agency released a photo of the Supreme Leader Mujtaba Khamenei on social media, captioning it as "a little-known photo of Iran's Supreme Leader Mujtaba Khamenei." The post did not specify when or where the photo was taken. Some Iranian embassies abroad shared this post on their social media accounts.

Ukrainian official says Russian airstrike on Kyiv kills 3 Kyiv City Military Administration head Tkachенко said on social media on the 2nd that a Russian airstrike on Ukraine’s capital Kyiv that day killed three people. Kyiv Mayor Vitali Klitschko said early on the 2nd on social media that Kyiv was hit in an airstrike, with affected areas including Podilskyi District and Obolonskyi District, among others.

[Israeli Knesset Passes Preliminary Reading of Bill to Dissolve Parliament] According to Israeli sources, in the early hours of June 2 local time, the full session of the Knesset. The bill to dissolve parliament passed its first reading by a vote of 106 in favor and 0 against. Under Israeli law, after passing the first reading, the bill must return to the relevant parliamentary committee for revisions to disputed clauses. After that, the bill must also pass the second and third readings in consecutive plenary sessions of parliament before it can formally take effect and dissolve parliament. Israel’s parliamentary elections had originally been scheduled to take place no later than October 27, 2026. If the bill is ultimately passed, Israel may hold parliamentary elections earlier.

Price Information:

The central parity rate of the RMB against the USD is reported at 6.8187, down by 20 pips; the previous trading day's central parity rate was 6.8167, the official closing price of the previous trading day was 6.7650, and the night session of the previous day closed at 6.7660.

[Upstream Raw Material USD Market Prices]

On June 1, CFR Northeast Asia was stable at USD 930/ton, and CFR Southeast Asia was stable at USD 1,100/ton.

The average FOB price of propylene in Northeast Asia is stable at $1180/ton in South Korea, while the average CFR price in China has decreased by $10/ton to $1190/ton.

The CIF price for North Asia frozen goods is as follows: propane at $803-811/ton; butane at $903-911/ton.

South China refrigerated cargo landed prices for July: propane at USD 879-889/ton; butane at USD 939-949/ton.

Taiwan refrigerated cargo landed prices: propane at USD 803–811/ton; butane at USD 903–911/ton.

LLDPE USD market price

Thin film: USD 1,300/ton (CFR Huangpu);

[HDPE USD Market Price]

Film: $1,300/ton (CFR Huangpu);

Hollow: $1360/ton (CFR Yantian);

Injection molding: $1350/ton (CFR Yantian);

LDPE USD market price

Film: USD 1,455/ton (CFR Huangpu);

[PP USD market price]

Junjun: $1400/ton (CFR Huangpu);

Copolymer: USD 1,480/ton (CFR Nansha);

Membrane material: $1560/ton (CFR Huangpu);

Transparent: USD 1,500/ton (CFR Huangpu).