Avient to Launch Thermoplastic UD Tape! LYB Initiates Pyrolysis Plant Construction! Wave of Surging Plastic Recycling Plant Closures Hits Europe

International News Guide:

Raw Material News - Circularix Starts up Commercial Recycling Facility in Florida

Electronics News - Avient to Launch Continuous Fiberglass-Reinforced UD Tape for Increased Production Scalability

Equipment News - LS Mtron Donates Injection Molding Machines to Prepare Future Plastics Workforce

Construction News - Beijing New Building Materials Group: The Company Intends to Acquire 100% Equity of an Overseas Building Materials Company

Macroeconomic News - Release of "Opinions of the CPC Central Committee and the State Council on Promoting High-

Quality Urban Development"

Price Information - Ethylene Asia: CFR Northeast Asia USD 842/ton; CFR Southeast Asia USD 830/ton

Details of International News:

1. Avient to Launch Continuous Fiberglass-Reinforced UD Tape for Increased Production Scalability

Avient Corporation will highlight its portfolio of advanced composite materials and engineered fiber solutions at the upcoming Composites and Advanced Materials Expo (CAMX) from September 9–11. This includes the launch of its new Polystrand™ 50-inch-wide Continuous Fiber Reinforced Thermoplastic Unidirectional Tape and GridCore™ Composite Utility Poles.

2.Circularix Starts up Commercial Recycling Facility in Florida

Circularix (Los Angeles, Calif.), a leading U.S.-based producer of food-grade recycled PET (rPET resin), today announced the successful completion and commercial start-up of its new recycling facility in Ocala, Fla. The site complements Circularix’s flagship facility in Hatfield, Pa. and significantly expands the company’s ability to deliver high-quality food-grade recycled PET resin to leading consumer brands.

3. LyondellBasell allowed to start building Wesseling pyrolysis plant

LyondellBasell (LYB) has received the first partial permit to build its chemical recycling plant in Wesseling, Germany.According to a Aug. 19 update on the German Federal Environmental Assessment Portal (UVP), the company has been granted a permit to begin groundwork and foundation work.LYB laid the foundation stone for the 50,000 tonnes/year pyrolysis plant in September 2024. Construction is planned to be completed by the end of 2025 with start-up expected in 2026.

4.Wave of Surging Plastic Recycling Plant Closures Hits Europe

The European plastic recycling industry is facing imminent collapse. The surge in low-priced imports of recycled plastics, the consequent decrease in the demand for EU-made recyclates, mounting economic pressures and excessive red tape are driving an increasing number of EU recyclers out of business. This is leading to a decrease in production and recycling capacity, compromising the survival of this strategic.

5.Beijing New Building Materials Group: The Company Intends to Acquire 100% Equity of an Overseas Building Materials Company

Beijing New Building Materials Group (stock code: 000786) announced on the evening of August 28 that the company intends to acquire 100% equity of an overseas building materials company (referred to as the "target company") and make a binding offer within the authority of the board of directors. The target company's business is in the same field as the company's main business and has a synergistic effect with the company. The acquisition of the target company's equity will have a positive impact on the company's future development. This acquisition is still in the binding offer stage, and the final transaction price has not been determined, nor has the acquisition agreement been formally signed.

6.LS Mtron Donates Injection Molding Machines to Prepare Future Plastics Workforce

LS Mtron has donated two 55-ton injection molding machines to Ferris State University in Michigan and Pittsburg State University in Kansas, providing valuable hands-on experience for students preparing to enter the plastics industry.

Overseas Macroeconomic Market Information:

[Release of "Opinions of the CPC Central Committee and the State Council on Promoting High-Quality Urban Development"]

On August 28, "Opinions of the CPC Central Committee and the State Council on Promoting High-Quality Urban Development" was released. The opinions clearly state that a sustainable investment and financing system for urban construction and operation should be established. Strengthen medium- and long-term credit supply, give play to the financing functions of the bond market and stock market, and encourage institutions such as insurance and trust to provide financial services. The opinions propose that by 2030, significant progress will be made in the construction of modern people-centered cities, policies and systems adapting to high-quality urban development will be continuously improved, the conversion of old and new driving forces will be accelerated, the quality of human settlements will be significantly improved, green transformation will be further promoted, the security foundation will be firmly consolidated, cultural charm will be fully demonstrated, and governance capacity will be greatly enhanced; by 2035, modern people-centered cities will be basically built.

[On-site investigation of China International Big Data Industry Expo: Data empowers all industries]

On August 28, Liu Liehong, Director of the National Data Administration, stated at the opening ceremony of the 2025 China International Big Data Industry Expo that China is actively promoting the integrated development of the real economy and the digital economy. According to the new calculation standard, it is predicted that by the end of this year, the added value of the digital economy is expected to reach about 49 trillion yuan, accounting for about 35% of GDP. The proportion of the added value of the core industries of the digital economy in GDP has completed the "14th Five-Year Plan" target ahead of schedule.

["2025 Top 500 Chinese Private Enterprises" released, 194 listed enterprises actually control 273 A-share companies]

According to the "2025 Top 500 Chinese Private Enterprises" list released by the All-China Federation of Industry and Commerce on August 28, among the top 500 private enterprises, 194 enterprises actually control 273 A-share listed companies. It is reported that the threshold for entering the top 500 private enterprises has increased to 27.023 billion yuan; the total operating income has reached 43.05 trillion yuan; the average operating income per enterprise has reached 86.102 billion yuan, an increase of 2.72% over the previous year. Industry insiders said that the top 500 private enterprises have a leading position and prominent advantages, and play an important demonstration and leading role in driving the development of the industrial chain. With their outstanding innovation and leadership, these enterprises will effectively drive the development of the industry through their own industrial development practices.

[Policy signals released, path for innovative development of trade in services becomes clear]

Recently, a series of policy signals to promote the development of trade in services have been released intensively. Industry insiders believe that with the introduction of subsequent specific measures, the support system for the innovative development of trade in services will be continuously improved, and the path for focused and comprehensive policies in aspects such as service exports, digital and intelligent transformation, and institutional opening-up will become clearer in the future.

Price Information:

[Central parity rate of RMB against USD reported at 7.1030, hitting a new high in nearly 10 months]

The central parity rate of RMB against USD was reported at 7.1030, an increase of 33 pips; the central parity rate of the previous trading day was 7.1063, the official closing price of the previous trading day was 7.1385, and the night session closing price of the previous day was 7.1306.

[USD Market Prices of Upstream Raw Materials]

Ethylene Asia: CFR Northeast Asia USD 842/ton; CFR Southeast Asia USD 830/ton.

Propylene Northeast Asia: FOB Korea average price USD 760/ton; CFR China average price USD 790/ton.

North Asia frozen cargo CIF price: Propane USD 522-524/ton; Butane USD 532-534/ton.

South China frozen cargo CIF price for September delivery: Propane USD 567-577/ton; Butane USD 547-557/ton.

Taiwan region frozen cargo CIF price: Propane USD 522-524/ton; Butane USD 532-534/ton.

[USD Market Prices of LLDPE]

Film grade: USD 860-915/ton (CFR Huangpu);

Injection molding grade: USD 950/ton (CFR Dongguan);

[USD Market Prices of HDPE]

Film grade: USD 900-970/ton (CFR Huangpu), down USD 10/ton;

Blow molding grade: USD 860/ton (CFR Huangpu);

Injection molding grade: USD 870/ton (CFR Huangpu);

Pipe grade: USD 1025/ton (CFR Huangpu);

[USD Market Prices of LDPE]

Film grade: USD 1115/ton (CFR Huangpu);

Coating grade: USD 1280/ton (CFR Huangpu);

[USD Market Prices of PP]

Homopolymer grade: USD 915-965/ton (CFR Huangpu);

Copolymer grade: USD 900-960/ton (CFR Nansha), down USD 10-20/ton;

Film grade: USD 1020/ton (CFR Nansha);

Transparent grade: USD 960-1055/ton (CFR Huangpu);

Pipe grade: USD 1130/ton (CFR Shanghai).