US officials hint at extending tariff negotiation deadline! Syensqo and Terma strengthen aerospace, defense partnership! Shell issues earnings warning

International News Guide:

Raw Material News -Scientists Crack the Code for Low-Cost, Low-Carbon Plastic Recycling

Automotive News - Nissan and Foxconn Plan to Jointly Produce Electric Vehicles in Japan: 60-Year-Old Factory Is Expected to Be Revived

Packaging News - LISBON：Launch of Europe's First City-Wide Reusable Cup System

Aerospace News - Syensqo and Terma Strengthen Aerospace, Defense Partnership

Macro News - Foreign Media: US Officials Hint at Extending Tariff Negotiation Deadline

Price Information - Ethylene Asia: CFR Northeast Asia $850/ton; CFR Southeast Asia $860/ton

The following is the details of international news:

1.Trump: Tariff Letters for Various Countries to Be Announced Soon, with the Highest Tax Rate of 70%

US President Trump posted on social media on the 6th local time that the US government will start releasing tariff letters or tariff agreements with trading partners from 12:00 noon local time on the 7th. Trump previously stated that he plans to impose tariff measures of up to 70% on goods from some countries starting from August 1.

2. UAE Unveils Groundbreaking EPR Pilot Targeting Packaging Waste, Backed by 26 Leading Companies

3. Syensqo and Terma Strengthen Aerospace, Defense Partnership

4. UBE Launches Two New Certified Products Under U-BE-INFINITY Line

5. LISBON：Launch of Europe's First City-Wide Reusable Cup System

6.Scientists Crack the Code for Low-Cost, Low-Carbon Plastic Recycling

7.Shell Warns That Its Q2 Natural Gas and Oil Trading Performance Will Be Significantly Lower Than the Previous Three Months

Shell warned that its natural gas and oil trading performance in the second quarter will be significantly lower than that in the previous three months.

8.Nissan and Foxconn Plan to Jointly Produce Electric Vehicles in Japan: 60-Year-Old Factory Is Expected to Be Revived

Nissan Motor and Hon Hai are in talks to cooperate in producing electric vehicles in Japan, which may save Nissan's Oppama Factory in Yokosuka City, Kanagawa Prefecture from closure. The Oppama Factory, an important production base of Nissan, has been a mainstay of Nissan's production since it was put into use in 1961. It currently mainly produces models such as "Note" with an annual production capacity of 240,000 vehicles.

Overseas Macro Market Information:

Thai Finance Minister Pichai Chunhavajira said that Thailand has submitted a revised trade proposal to the United States, hoping to avoid the 36% punitive tariffs threatened by the Trump administration before the July 9 deadline.
Note: The revision was made after Pichai's visit to Washington last week, when he said he had received feedback from US officials.

【Foreign Media: US Officials Hint at Extending Tariff Negotiation Deadline】

US Treasury Secretary Janet Yellen stated on the 6th that President Trump will send letters to trading partners this week to inform them of the tariff rates that the US plans to impose. For countries that fail to reach an agreement, the so-called "reciprocal tariffs" will take effect on August 1. US media interpreted that Yellen's statement hinted that the US side 默许 the July 9 deadline for tariff negotiations to be extended by several weeks.

【Indonesia Promises to Buy More US Wheat in a Bid to Reach a Trade Agreement】

Indonesia plans to buy more wheat from the United States in a bid to reach a trade agreement before the tariffs take effect. Franciscus Welirang, Chairman of the Indonesian Flour Millers Association (Aptindo), said in a telephone interview that Indonesia will sign a memorandum of understanding on wheat procurement with the United States from 2025 to 2030 in Jakarta on Monday. He said that Indonesia may buy at least 800,000 tons of wheat from the United States this year, up from 740,000 tons in 2024, and at least 1 million tons annually from 2026. According to data from the US Department of Agriculture, the last time the United States sold more than 1 million tons of wheat to Indonesia was in 2020, with exports of about 1.2 million tons. Although the newly promised procurement volume has increased, it still accounts for only a small part of Indonesia's total wheat procurement. The US Department of Agriculture predicts that Indonesia's wheat imports will reach 12 million tons in the 2025-26 fiscal year.

【Japan's Real Wages in May Recorded the Largest Drop in Nearly Two Years】

Data released by the Japanese government on the 7th showed that Japan's real wages continued to decline in May, with the largest drop in nearly two years. According to data from the Ministry of Health, Labour and Welfare, Japan's real wages fell for the 5th consecutive month in May, a 2.9% decrease compared with the same period last year, the largest drop since September 2023.

【Upgrading the Free Trade Agreement, the First Round of Sino-Georgian Negotiations Held in Beijing】

From July 3 to 4, the second meeting of the Joint Committee of the "China-Georgia Free Trade Agreement" and the first round of negotiations on the upgrading of the agreement were held in Beijing. It is reported that the "China-Georgia Free Trade Agreement" officially came into effect on January 1, 2018, and the upgrading of the agreement includes four chapters: Sanitary and Phytosanitary Measures, Technical Barriers to Trade, Investment and E-Commerce.

Price Information:

【RMB central parity rate against USD】

The central parity rate of RMB against USD was reported at 7.1506, up 29 points; the central parity rate of the previous trading day was 7.1535, the official closing price of the previous trading day was 7.1652, and the night session closing price was 7.1653.

【US dollar market price of upstream raw materials】

Ethylene Asia: CFR Northeast Asia $850/ton; CFR Southeast Asia $860/ton.
Propylene Northeast Asia: FOB Korea average $745/ton; CFR China average $795/ton.
North Asia frozen cargo CIF: propane $528-530/ton; butane $503-505/ton.
South China frozen cargo CIF for early August: propane $557-567/ton; butane $522-532/ton.
Taiwan region frozen cargo CIF: propane $528-530/ton; butane $503-505/ton.

【LLDPE US dollar market price】

Film: $875-930/ton (CFR Huangpu);
Injection molding: $940/ton (CFR Dongguan);

【HDPE US dollar market price】

Film: $910-930/ton (CFR Huangpu);
Blow molding: $860-870/ton (CFR Huangpu);

【LDPE US dollar market price】

Film: $1080-1090/ton (CFR Huangpu);
Coating: $1350/ton (CFR Huangpu)

【PP US dollar market price】

Homopolymer: $935-980/ton (CFR Huangpu);
Copolymer: $965-995/ton (CFR Huangpu);
Film grade: $1000/ton (CFR Huangpu);
Transparent grade: $1085/ton (CFR Huangpu);
Pipe grade: $1160/ton (CFR Shanghai).