International News Highlights:
raw material news-Arkema GroupArkema sets up new headquarters in Paris
automotive news highlights-Hyundai Motor Group: Cumulative Sales in the US to Soon Exceed30 million vehicles
electronictop news-Apple CEO Cook announces the launch of a new round of clean energy fund in China
Packaging Highlights-GCR Spain polyolefin recycling plant officially put into production
medical highlights-cardiovascular minimally invasive company completesSeries E $380 million financing
macro news-$5.9 billion in US plastic exports may face retaliatory tariff impact
priceinformation- Ethylene Asia: CFR Northeast Asia 855 USD/ton
The following are details of international news:
1、French chemical giant Arkema GroupArkema sets up new headquarters in Paris
March 24, the French chemical giant Arkema Group (Arkema) announced that its new headquarters in La Défense, the largest business district in Europe, is officially open. This strategic move not only provides Arkema Group with an ideal place for communication with partners, but also marks an important milestone in the group's transformation process. The new headquarters of Arkema Group, named "Lightwell," has a total construction area of about 25,000 square meters, aiming to create a modern space that integrates work and life. Its design concept emphasizes collaboration and communication, aiming to promote seamless communication and cooperation among internal teams within the group.
2、ClausmaFei refreshTPU production capacity "ceiling"
March 24, KraussMaffei Golden PowerZE 145 twin-screw extruder has been successfully delivered to a leading domestic polyurethane company and has smoothly passed the customer's acceptance. This milestone not only marks an important breakthrough for KraussMaffei in the TPU production field of the large petrochemical industry, but as the first domestically produced twin-screw extruder with a capacity of 4 tons/hour, ZE 145 has become a super engine for TPU production in the large petrochemical industry with its outstanding performance and localization advantages, helping the industry reach new heights.
3、EU counterattack:5.9 billion US dollars of American plastic exports may face retaliatory tariff impacts
American Plastics Industry Association （The analysis (PLASTICS) shows that 60 types of plastic products exported by the US may be hit by retaliatory tariffs from the European Union (EU). These products are listed on the EU's potential target list as a countermeasure to the 25% tariffs imposed by the US on steel and aluminum on March 12, 2025.
4, Hyundai Motor Group: Cumulative sales in the US are about to exceed 30 million vehicles
On March 24, Hyundai Motor Group stated that the group's cumulative car sales in the United States will reach 30 million this year, continuing its steady growth in this key overseas market. Last year, Hyundai sold 911,805 cars and Kia sold 796,488 cars in the U.S., achieving their best annual sales performance in the country. Since entering the U.S. market in 1986, as of the end of February, these two brands have cumulatively sold 29,303,995 vehicles in the U.S.
5、super55 billion dollars, Johnson & Johnson announces major move
recentlyJohnson & Johnson announced that its investments in manufacturing, R&D, and technology in the United States will exceed over the next four years55 billion dollars. Johnson & Johnson said that this investment has increased by 25% compared to the previous four years, and it builds on the already elevated level of US investments made by the company following the passage of the 2017 Tax Cuts and Jobs Act. Joaquin Duato, Chairman and CEO of Johnson & Johnson, stated: "We are increasing our investment in the United States, starting with the groundbreaking of a high-tech factory in North Carolina, which will not only create more job opportunities in the US but also produce cutting-edge medicines to provide treatment for patients in the US and around the world."
6、annual recovery exceeds130,000 tons! GCR Spain's polyolefin recycling plant officially put into operation
sustainable plastic solutions companyGCR announced that its polyolefin recycling plant located in Castellet i la Gornal, outside of Barcelona, Spain, has officially commenced operations. The plant has an annual recycling capacity of over 130,000 tons of polyolefin plastics, making it one of the leading mechanical recycling facilities in Europe. In comparison, Sweden's "Site Zero" has an annual plastic packaging sorting capacity of 200,000 tons. In a LinkedIn post, GCR stated that after six years of planning and development, the completion of this plant marks a milestone for the company in the field of circular economy.
7, Apple CEO Cook announces the launch of a new round of clean energy fund in China
On March 24, Apple CEO Tim Cook posted on Weibo, "We are proud to announce the launch of a new round of the Clean Energy Fund in China! Currently, two-thirds of our supply chain in China is using renewable energy. The new fund will further help us achieve our goal of 100% renewable energy operations by 2030." This new investment fund amounts to 720 million RMB, with the aim of adding approximately 550,000 megawatt-hours of wind and solar power capacity to China's grid annually, a figure that will grow as more investors join.
8, cardiovascular minimally invasive company completedSeries E $380 million financing! Aiding the commercialization of the Carillon mitral valve repair system
recentlyCardiac Dimensions announced the completion of a $53 million (approximately 383 million RMB) oversubscribed Series E financing, led by Ally Bridge Group, with new investor Claret Capital Partners participating, and significant support from existing investors. The company has designed the Carillon system, which aims to restore natural mitral valve function without damaging the mitral valve leaflets. The company plans to use the funds to complete a pivotal study of the Carillon system in the United States and to support its commercialization.
9, A German company has secured 20 million euros in financing to build the world's first homogeneous catalysis methanol demonstration plant.
recentlyC1 Green Chemicals AG announced that it has successfully raised 20 million euros in funding to advance its catalytic technology for methanol production. The company will use the funds to expand its team and build the world's first homogeneous catalytic methanol demonstration plant.
the following isoverseas macro market information
[Trump Plans to Charge Fees on Chinese Vessels, Caribbean Nations Make Urgent Statements] The U.S. plan to impose docking fees on Chinese-made ships has raised concerns among Caribbean nations. According to a report by the well-known Guyanese online media "News Room" on March 22, leaders of the Caribbean Community members discussed this issue in an urgent online meeting. President of Guyana, Ali, stated that the U.S. move will affect the cost of goods and transportation entering the region, and the countries in the region will raise this issue during the visit of U.S. Secretary of State Rubio.
[The French Foreign Minister Barro Will Visit China] The spokesperson of the Ministry of Foreign Affairs announced: At the invitation of Wang Yi, member of the Political Bureau of the CPC Central Committee and Minister of Foreign Affairs, the French Minister for Europe and Foreign Affairs, Barro, will visit China from March 27 to 28.
[France Announces Preliminary March PMI] France's preliminary March Manufacturing PMI 48.9, expected 46.1, previous 45.8. France's preliminary March Services PMI 46.6, expected 46, previous 45.3.
the following isprice information:
RMB to USD mid-priceThe central parity rate of the RMB against the USD was 7.1780, down 20 pips; the previous trading day's central parity rate was 7.1760, the official closing price of the previous trading day was 7.2489, and the overnight session closed at 7.2506.
upstream raw material USD market price
ethylene Asia:CFR Northeast Asia 855 USD/ton; CFR Southeast Asia 920 USD/ton.
Propylene Northeast AsiaFOB Korea average price $810/ton; CFR China average price $825/ton, down $5/ton.
North Asia frozen cargo CIF, propane613-614 USD/ton; butane 598-599 USD/ton.
South China frozen goodsApril CFR, propane 616-618 USD/ton; butane 606-608 USD/ton.
Taiwan region frozen cargo CIF price, propane613-614 USD/ton; Butane 598-599 USD/ton.
【LLDPE USD market price】
thin film960 USD/ton (CFR Huangpu)
injection molding1010 USD/ton (Dongguan bonded zone spot)
【HDPE US dollar market price】
thin film935-950 USD/ton (CFR Huangpu)
hollow900-965 USD/ton (CFR Huangpu), down 5 USD/ton;
injection molding830 USD/ton (CFR Huangpu).
【LDPE US dollar market price】
thin film1135-1155 USD/ton (CFR Huangpu)
coating1360 USD/ton (CFR Huangpu).
【PP USD market price】
homopolymerization955-970 USD/ton (spot), down 15 USD/ton;
copolymerization990-1060 USD/ton (CFR Huangpu spot)
membrane material1030-1105 USD/ton (CFR Huangpu)
transparent1020 USD/ton (CFR Huangpu spot)
pipe material1160 USD/ton (CFR Shanghai).
editor:Carrie
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