[Overseas News] US Launches Dual Anti-Dumping Investigation on Amine Compounds from China; Borealis International Expands European Recycled Polyolefin Production Capacity

Headlines Digest:

Raw Material News-The United States initiates anti-dumping and countervailing duty investigations on Chinese amine compounds, with the highest tariff rate.352.32%

Automotive News-Volkswagen Group plans to freeze employee wages until2030

Packaging News-Four companies join forces to develop high-performance polylactic acid(PLA)Basic Food Packaging

Medical News Highlights-Evonik launches twoPEEKNew grade for dental use

Macroeconomic Headlines-Iran has threatened that if it suffers further attacks, it will consider targeting U.S. political interests.

Price Information-The RMB/USD central parity rate is quoted at6.7195Lower3

Below are the details of international news highlights:

1.The United States has initiated anti-dumping and countervailing duty investigations against Chinese amine compounds, with the highest tariff rate.352.32%

Eastern Time2026 10 20On [date], the U.S. Department of Commerce officially issued an announcement regarding certain amine compounds originating from China.(Certain Amine Compounds)Initiate anti-dumping measures(AD)Countervailing duties(CVD)Two surveys. This survey is conducted by Evonik in the United States.(Evonik Corporation)Huntsman(Huntsman International LLC)Once the final ruling is implemented, Chinese export companies concerned will face97.71%–352.32%Due to high tariffs, China's polyurethane catalyst industry is facing significant pressure on exports to the United States. The U.S. alleges that the dumping margins for the Chinese products involved range from244.94%–352.32%At the same time, it is determined that the subsidy rate of the products involved exceeds the de minimis standard.(2%), meeting the conditions for initiating a countervailing duty investigation.

2. 10Hundreds of millions of US dollars! South Korea's Hyosung510,000 tons of bio-based materialsBDOCommercial production launch, planned for external sales.

10 21Day, South Korea HyosungTNC（HyosungTNCVietnam bio-based1,4Butanediolbio‑BDOThe facility has entered the stage of stable commercial mass production, achieving the conversion of sugarcane raw materials intoregen BIOThe integrated supply chain for bio-based spandex continues to ensure stable supply. The project is located in Phu My 2 Industrial Park, Ho Chi Minh City, Vietnam, with the initial phase capacity5 /Year, total investment10hundred million USD, expandable in the future to20 /Year. Installed in2026 3Trial production will commence in the latter part of the month, and5 14Day by Morning StarTNCOfficially announced the start of production; initially focused on process debugging and sample validation, recently completed full-chain integration, achieving sugarcane →Bio-BDO → Bio-PTMG → regen™ Bio-Spandex is produced in a closed-loop continuous process within the same industrial park.

3.Evonik launches twoPEEKNew grade for dental use

10 20Recently, Evonik's High Performance Polymers business line launched two dental applications.PEEK VESTAKEEP® DC4760 DC4780respectively corresponding to dentin shade and gingival shade, in the form of rods andCAD/CAMDisc supply, designed for long-term fixed and removable restorations such as dental bridges and implant-supported dentures. The release highlights three key features: higher stiffness, polishability, and compatibility with standardCAD/CAMThe process is fully compatible. EvonikPEEKHead of Medical Applications TeamMarc KnebelTarget this release to the patient population seeking to avoid metal alloys.

4.Four companies join forces to develop high-performance polylactic acid(PLA)Basic food packaging

Recently,Eurobrillance、Plastigraf Trevigiana、NatureWorks Form iQWe have collaboratively developed an innovative bio-based paperboard packaging solution that combines grease resistance, barrier properties, and heat sealability, making it suitable for demanding food packaging applications. The core of this collaboration isCellShield® Protopia™ Barrier Technology. This technology is developed byEurobrillance Plastigraf Trevigiana Relying onNatureWorks Polylactic acid (PLAJoint development of biopolymers. By integrating expertise in renewable materials, coating and lamination technologies, and industrial thermoforming, the two companies have demonstrated a complete value chain approach to developing high-performance fiber-based packaging.

5.Volkswagen Group plans to freeze employee wages until2030

The Volkswagen Group Works Council recently stated that it has received internal information from the Group’s Management Board regarding plans to freeze global66The salaries of ten thousand employees to2030As part of a broader cost-cutting plan, employee salaries will not increase during this period.

6.The three largest political groups in the European Parliament on easing2035Preliminary agreement reached on annual automotive emission reduction targets

The three main political groups in the European Parliament have reached a preliminary political agreement on adjusting CO2 emission targets for new cars, proposing to further relax EU regulations.2035Annual vehicle emission reduction requirements, by2035In the year, it is planned to reduce the average emissions of the passenger car fleet compared to2021Annual reduction87.5%, and also allow the use of low-carbon steel produced in the EU to obtain equivalent7.5%Supplementary emission reduction credits; commercial vehicles are proposed to be required to reduce average emissions.80%However, the proposal still requires formal endorsement by the relevant EU institutions and negotiations with member states, and is not yet a final, binding regulation.

7. 1.4 /Borealis expands European recycled polyolefin capacity2027Phased commissioning by year

Recently, Borealis International (Borouge International) announced plans to expand the German town of Niedergräfenhain (Niedergebra) and Austria's VeldenWildonThe mechanical recycling capacity of the two factories, with a combined increase of nearly1.4 /Year. According to the plan, the additional production capacity of the German factory is expected to be2027Production will commence in the first quarter of the year, while the Austrian plant is expected to2027Production will commence in the fourth quarter of the year. This expansion involves recycled mixed polyolefins (rPO) and recycled polyethylene (rPEThe products will target application markets such as rigid plastic products and flexible packaging.

Overseas Macro Market:

[Israeli Defense Minister warns that Iran will be annihilated if it attacks Israel]

10 21On [date], Israeli Defense Minister Katz stated that Israeli security agencies had discovered Iran’s attempt to launch an attack against Israel, which could potentially influence the outcome of Israel’s elections. Katz remarked that the current Iranian regime is at its “weakest point in history,” and this vulnerability might prompt it to take extreme and risky actions, such as launching attacks against Israel. He warned Iran that if it were to attack Israel, it would face devastating consequences. Furthermore, Katz reaffirmed that the Israel Defense Forces and all security agencies would remain on high alert and take action in all necessary areas to safeguard national security.

The cumulative number of China-Europe Railway Express trains has exceeded14Over 10,000 shipments with a total value exceeding5600[USD 100 million]

This morning, with the departure of the train bound for Moscow, Russia,X8059The China-Europe Railway Express departed from Shenyang Puhe Station, with the cumulative number of trips surpassing14Ten thousand columns, shipment value exceeds5600hundred million USD. The1410,000 China-Europe Railway Express trainsX8059Carrying household appliances, automotive parts, and other goods, the train departs from Shenyang Puhe Station and travels northward, exiting the country via the Manzhouli Port, with an estimated9It takes about days to reach Moscow, which is also the first departure from the Shenyang Consolidation Center this year.280China-Europe Railway Express

A survey shows that more than 80% of respondents expect the Bank of Japan’s next interest rate hike to occur in12Month]

The latest survey shows that more than 80% of Bank of Japan watchers expect the central bank’s next interest rate hike to occur in12The month is underway, and no one expected it to be.10 30The policy meeting concluded with an interest rate hike.83%Economists expect that the Bank of Japan will12 18At the policy meeting that concluded today, it was further raised to the current level of1.25%policy interest rate. In contrast, only in last month's survey35%Economists predict12Following the monthly rate hike, the prevailing expectation at the time was that the next hike would occur next year.1

Iran threatens: If attacked again, it will consider"U.S. political objectives" as targets

The semi-official Fars News Agency, citing an unnamed senior security official, reported that Iran would consider taking action if another attack results in the deaths of Iranian officials and civilians.A series of U.S. political objectives and military personnel, as well as related infrastructure, are considered legitimate targets for attack.

Ukraine's capital Kyiv hit by ballistic missile strikes, with multiple loud explosions reported

Local time21 22 11Xinhua News Agency reporters in Kyiv, the capital of Ukraine, have repeatedly heard loud explosions. According to a post by Kyiv Mayor Vitali Klitschko on social media, the city of Kyiv has been struck by ballistic missiles.

Price Information:

The RMB/USD central parity rate is quoted at6.7195Lower3Point; Previous trading day's mid-price6.7192Official closing price of the previous trading day6.6777The overnight session closed at6.6760。

Upstream Raw Material USD Market Price

10 21 CFRNortheast Asia Ethylene1150 /Ton stable,CFRSoutheast Asia1110 /Ton stable.

Northeast Asia PropyleneFOBSouth Korea's average price reaches1300 /Tons stable,CFRChina's average price to1320 /Tons stable.

North Asia Frozen Cargo11Monthly CFR Propane939-940 /ton; butane1089-1090 /

Frozen Cargo in South China11Monthly CFR Propane1047-1057 /ton; butane1117-1127 /

Frozen goods from Taiwan11Monthly Propane CIF939-940 /ton; butane1089-1090 /

【LLDPEUSD Market Price

Thin film:1180 / CFRHuangpu)

【HDPEUSD Market Price

Thin film:1250 / CFRYantian

Hollow:1300 / CFRDongguan

Injection molding:1150 / CFRHuangpu)

【LDPEUSD Market Price

Thin film:1460 / CFRHuangpu)

【PPUSD Market Price

Homopolymerization:1420 / CFRHuangpu)

Copolymerization1400 / CFRNansha

Transparent:1570 / CFRHuangpu)

Pipe material:1650 / CFRHuangpu)