Plastic Industry Updates & Resources

【Domestic Futures Main Contracts Mostly Decline】At midday close, most domestic futures main contracts fell, with liquefied petroleum gas (LPG) dropping over 6%, fuel oil and asphalt falling over 4%, and propylene, SC crude oil, methanol, synthetic rubber, and ethylene glycol (EG) declining over 3%. On the upside, urea rose nearly 4%, cotton, cotton yarn, platinum, soybean meal, Shanghai lead, and palm oil increased over 1%, and soybean oil rose nearly 1%.

【South Korea's May Auto Exports, Domestic Sales, and Output All Fall Year Over Year, While New Energy Vehicles Remain Resilient】On June 17, the South Korean Ministry of Trade, Industry and Energy released data on the "May Automotive Industry Trends," showing that South Korea's automobile export value in May was 5.83 billion USD, down 5.9% year-on-year. Export volume was 230,072 vehicles, a decrease of 6.6% year-on-year. Domestic sales (127,315 vehicles) and production (329,559 vehicles) decreased by 10.3% and 8.2% year-on-year, respectively. Despite this, the production and sales of new energy vehicles continued to show strong growth momentum. The export value of new energy vehicles in May was 2.4 billion USD, an increase of 9.9% year-on-year, accounting for more than 40% of total automobile exports. Export volume was 83,145 vehicles, up 11.2% year-on-year. Domestic sales were 77,179 vehicles, an increase of 5.5% year-on-year.

【June 17 yiyao market lldpe domestic material prices decline】  On June 17, the price of LLDPE in the Yuyao market dropped by 50-150 yuan/ton. Market sentiment is bearish, and sellers are lowering prices to stimulate transactions, with actual deals being negotiated.

【June 17 Hangzhou PP Market Price Report Declines】  Reported on June 17: The PP market in Hangzhou saw offers decline as international oil prices continued to fall, adding pressure to the market. Downstream buyers showed insufficient purchasing interest, while traders cautiously offered discounts to facilitate transactions. Actual deals are negotiable. As of midday, mainstream prices for raffia-grade PP were 9,450–9,650 yuan/tonne.

【Co2-based pom! celanese materials applied in north american automotive fuel pumps】On June 16, Celanese announced.AISIN Industrial Co., Ltd.’s consolidated subsidiary, AISIN Industries Kentucky, LLC, has used polyoxymethylene (POM) material made by Celanese from captured carbon dioxide.Used for producing fuel pump modules for a North American automotive manufacturer.