EU PFAS Regulation Upgraded Again! Mitsui Chemicals Enters Africa! Amcor Develops 50% PCR Products

International News Guide:

Raw Material News - Mitsui Chemicals Enters Africa

Automotive News - Nissan to Collaborate with LiCAP on Solid-State Battery Technology R&D

Electronics News - Changhong Meiling's Overseas Revenue Reaches Approximately 3.6 Billion Yuan, a Year-on-Year Increase of 32%

Packaging News - Amcor and Flügger Develop Eye-Catching Paint Container with 50% PCR Plastic

Equipment News - Israeli Private Equity Giant Plans to Fully Acquire Landa Company for 80 Million USD

Macro News - Japan's 30-Year Government Bond Yield Rises to a New High of 3.21%

Price Information - Ethylene Asia: CFR Northeast Asia 830 USD/ton; CFR Southeast Asia 820 USD/ton

The Details of International News:

1.Mitsui Chemicals Enters Africa

Recently, Mitsui Chemicals announced the signing of a memorandum of understanding with Nigeria's Dangote and consulting firm AAIC Holdings to explore the possibility of cooperation in Africa, particularly in Nigeria. Dangote Industries Limited, founded in 1981, is a comprehensive manufacturing enterprise with Africa's largest oil refinery.

2. ECHA Publishes Updated Proposal to Restrict PFAS

The European Chemicals Agency (ECHA) has published the updated proposal to restrict per- and polyfluoroalkyl substances (PFAS) under the EU’s chemicals regulation, REACH. The update has been prepared by the authorities from Denmark, Germany, the Netherlands, Norway and Sweden, who submitted the initial proposal in January 2023.

3. Brazil Recommends Preliminary Antidumping Duties on US, Canada PE Imports

According to a resolution published in Brazil's Official Gazette on August 21, the Brazilian Foreign Trade Secretariat proposed to impose provisional anti-dumping duties on polyethylene (PE) products imported from the United States and Canada. The specified provisional anti-dumping duties are: 199.04 USD per ton for US polyethylene products and 238.49 USD per ton for Canadian polyethylene products. The resolution still needs to be approved by the Brazilian Foreign Trade Commission before it can be applied to North American polyethylene imports. The commission's next meeting is scheduled for August. Brazil’s Secretariat of Foreign Commerce recommended implementing preliminary antidumping duties against US and Canadian polyethylene (PE) imports, according to a resolution published in the country’s Official Gazette Aug. 21.

4. Amcor and Flügger Develop Eye-Catching Paint Container with 50% PCR Plastic

Amcor in partnership with Flügger, a new, more material-efficient and eye-catching paint container made with 50% post-consumer recycled (PCR) plastic, featuring a custom blue color that aligns closely with Flügger’s brand identity.

5. Nissan to Collaborate with LiCAP on Solid-State Battery Technology R&D

According to foreign media reports, Nissan Motor has recently reached a cooperation with US battery technology company LiCAP Technologies to jointly promote the R&D of next-generation dry electrode production process technology for electric vehicles. The two parties will work together to develop dry electrode production process technology for all-solid-state battery (ASSB) cathodes, which is one of the core components driving the development of electric vehicles.

6. Chabaidao's First North American Store Opens in New York

Recently, Chabaidao's first North American store is set to open in New York, USA, located on Main Street in Flushing, Queens, New York City. Flushing is the largest Chinese community in New York and even the entire United States. In July this year, Chabaidao officially entered the Singapore market, opening two stores on the first day, with customers waiting for an average of over 2 hours. Previously, in May, Chabaidao's first French store also opened in the 13th arrondissement of Paris.

7. Changhong Meiling's Overseas Revenue Reaches Approximately 3.667 Billion Yuan, a Year-on-Year Increase of 32.18%

In the first half of 2025, Changhong Meiling's domestic revenue reached approximately 11.704 billion yuan, a year-on-year increase of 15.4%; overseas revenue reached approximately 3.667 billion yuan, a year-on-year increase of 32.18%. The company's operating income was 18.07 billion yuan, a year-on-year increase of 20.8%; the net profit attributable to the parent company was 417 million yuan, a year-on-year increase of 0.26%.

8. Israeli Private Equity Giant Plans to Fully Acquire Landa Corporation for $80 Million

Landa Corporation announced a major strategic development: the company has received an $80 million acquisition offer from Israeli private equity firm FIMI Opportunity Funds. This Israeli digital printing company is currently under a litigation suspension period, which will expire at the end of this month. Founded by serial entrepreneur Benny Landa, Landa Corporation specializes in the development and manufacturing of nano-scale digital printing presses.

Overseas Macro Market Information:

Germany's Q2 GDP Revised Down, Contraction Exceeds Initial Estimate

Germany's economic contraction in the second quarter exceeded initial estimates, with manufacturing performance far worse than expected. The statistics office announced on Friday that the quarterly gross domestic product (GDP) fell by 0.3% quarter-on-quarter, compared with the initial estimate of a 0.1% decline. Investment was also a major drag, dropping by 1.4%, while the support of private consumption to GDP was far lower than initially estimated. "Industrial production performed particularly worse than initially estimated," the statistics agency said in a statement. The economic contraction is a setback for Europe's largest economy, dashing hopes that it could soon emerge from two consecutive years of recession following the outbreak of the Russia-Ukraine conflict.

Japan's 30-Year Government Bond Yield Rises to A New High of 3.21%

Japan's 30-year government bond yield hit a record high since its launch in 1999.

Tesla Raises Price of Cyberbeast Model in The US

According to pricing information on Tesla's US website, the company has raised the price of its Cybertruck's Cyberbeast model from 99,990 USD to 114,990 USD, an increase of 15,000 USD.

Price Information:

RMB/USD Central Parity Rate

The central parity rate of RMB against the USD was reported at 7.1321, down 34 points; the central parity rate of the previous trading day was 7.1287, the official closing price of the previous trading day was 7.1778, and the night session closing price was 7.1802.

Upstream Raw Material USD Market Prices

Ethylene Asia: CFR Northeast Asia 830 USD/ton; CFR Southeast Asia 820 USD/ton.

Propylene Northeast Asia: FOB South Korea average 750 USD/ton; CFR China average 780 USD/ton.

North Asia frozen cargo CIF price: propane 530-532 USD/ton; butane 530-532 USD/ton.

South China frozen cargo CIF price for September delivery: propane 565-575 USD/ton; butane 545-555 USD/ton.

Taiwan region frozen cargo CIF price: propane 530-532 USD/ton; butane 530-532 USD/ton.

LLDPE USD Market Prices

Film: 855-915 USD/ton (CFR Huangpu), with the low end down by 5 USD/ton and the high end up by 5 USD/ton;

Injection molding: 950 USD/ton (CFR Dongguan).

HDPE USD Market Prices

Film: 905-970 USD/ton (CFR Huangpu);

Blow molding: 855 USD/ton (CFR Huangpu);

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

Pipes: 1025 USD/ton (CFR Huangpu).

LDPE USD Market Prices

Film: 1100 USD/ton (CFR Huangpu), down by 10 USD/ton;

Coating: 1280 USD/ton (CFR Huangpu).

PP USD Market Prices

Homopolymer: 895-965 USD/ton (CFR Huangpu);

Copolymer: 900-965 USD/ton (CFR Nansha);

Film grade: 1030 USD/ton (CFR Nansha);

Transparent grade: 970-1055 USD/ton (CFR Huangpu);

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