【global News】Polyolefin production efficiency to break through ! Trump and Musk have a dispute ! LK Group's Die-Casting Equipment Lands in North America 

International News Digest:

Raw Material News-Braskem achieves a significant breakthrough in olefin separation technology!

Auto News -Tesla's Market Value Plunges 150 Billion Amid Public Dispute Between Trump and Musk

E-News- LK Group's Die-Casting Equipment Lands in North America as Xusheng Group's Mexico Factory Achieves First Production Line Milestone​​
Packaging News-DuPont expands medical packaging capacity in Costa Rica

Medical  New-LyondellBasell enters agreement for the sale of Aequita olefin/polyolefin assets in 

Europe

Macro News - Indian Central Bank Cuts Reserve Requirement and Interest Rates

Price Information - North Asia Frozen Cargo CIF, Propane 537-539 USD/ton

The following is a detailed report on international news:

1. LyondellBasell enters agreement for the sale of Aequita olefin/polyolefin assets in 

Europe LyondellBasell (Rotterdam, the Netherlands; www.lyondellbasell.com) today announced that it has entered into an agreement and exclusive negotiations with AEQUITA (Munich, Germany; www.aequita.com) for the sale of select olefins and polyolefins assets and the associated business in Europe. The sites to be sold have been part of the previously announced European strategic assessment and are located in Berre (France), Münchsmünster (Germany), Carrington (U.K.) and Tarragona (Spain).

2. DuPont Expands Medical Packaging Capacity in Costa Rica

DuPont has expanded its sterile operations via an addition to its healthcare manufacturing facility in Heredia, Costa Rica, the company announced today. The 16,000-square-foot expansion enable the production of sterile packaging at the site for the global medical device industry while increasing capacity of existing medical tubing operations, DuPont said.

3. Braskem, olefin separation technology has made a major breakthrough !

Braskem and Ardent Process Technologies ( ' Ardent ' ), the largest polyolefin producer in the Americas, a global market leader and a pioneer producer of industrial-scale biopolymers, announced that the innovative olefin-paraffin separation technology project jointly developed by the two companies has been successfully completed, marking a major breakthrough in polyolefin production efficiency. The two sides started cooperation in November 2020, and the core is to develop and test Ardent 's Optiperm TM membrane technology on a dedicated demonstration device in the Braskem plant. The rigorous development project has successfully achieved key performance indicators, including membrane efficiency, durability and operational stability.

4. Tesla's Market Value Plunges 150 Billion Amid Public Dispute Between Trump and Musk

According to foreign media reports,Tesla Inc.′s stockprice plummeted 150 billion in market value in a single day, following a highly publicized feud between U.S. President Donald Trump and Elon Musk, the billionaire CEO of Tesla and former head of the "Government Efficiency Department."

5. SK Chemical, together with the Ministry of Administrative Security of Korea and the local government to create a benchmark model for waste banner recycling

SK Chemical announced that the company signed a memorandum of understanding on waste banner recycling cooperation with five local governments and REVELOP, Sejinplus, Kakao and other enterprises in its Ulsan factory in the southern district of Ulsan City, aiming to promote the coordinated development of regions and enterprises. The agreement is a key part of the South Korean Ministry of Administration and Security 's joint local government and enterprise cooperation project to promote a virtuous cycle of waste banners. It aims to convert recycled waste banners into raw materials and reprocess them into new products through chemical technology.

6. Duroflex 3 years recycled 2 million plastic bottles India 's leading brand of sleep solutions

Duroflex announces that, to date, it has successfully converted 2 million waste PET plastic bottles into environmentally friendly mattress fabrics. Through this innovative green project, Duroflex not only promotes the recycling of plastic waste in India, but also provides practical solutions for sustainable consumption, further strengthening its leading position in the field of green manufacturing.

7. Heidelberg 's latest financial report : annual sales of 18.7 billion yuan, China contributed nearly 2.5 billion

on June 5, Heidelberg officially released its 2024 / 25 financial year ( as of March 31,2025 ) performance report. The report shows that despite the complex market environment, Heidelberg still maintained a steady operating performance and successfully achieved the preset financial goals. Specifically, in the 2024 / 25 fiscal year, Heidelberg achieved sales of 2.28 billion euros ( about 18.7 billion yuan ), and the packaging solution business also showed a positive order growth trend. Its new orders increased by 7 % compared with the previous fiscal year, reaching 1.272 billion euros.

8. LK Group's Die-Casting Equipment Lands in North America as Xusheng Group's Mexico Factory Achieves First Production Line Milestone​​
Recently, die-casting equipment supplied by ​​LK Group​​ for ​​Xusheng Group's​​ Saltillo factory in Mexico has completed installation and commissioning, enabling the efficient launch of the customer's first production line. The cross-border delivery (including transportation and installation) was accomplished within five months, successfully replicating the "China Speed" in North America.

This milestone signifies the expansion of the two companies' collaboration from China to the global market. As Xusheng Group's strategic partner for nearly two decades, LK Group has driven this initiative through a dual-engine approach of "​​cutting-edge equipment + comprehensive services​​," achieving synergistic overseas expansion of "​​Chinese equipment + Chinese solutions​​" in the North American market. This also demonstrates that LK Group's global service capabilities have ascended to a new level.

Overseas macro market information:

【India's central bank cuts the reserve requirement and interest rates.】 The Reserve Bank of India has lowered the benchmark interest rate. The interest rate was lowered by 50 basis points to 5.5%, with an expectation of 5.75%. The Reserve Bank of India lowered the cash reserve ratio by 100 basis points to 3%, with an expectation of 4%. After the reduction in the cash reserve ratio, the yield on India's 10-year government bonds fell by 6 basis points to 6.19%. The yield on India's 5-year government bonds fell by 14 basis points, currently at 5.68%.

【South Korea says it will continue to closely communicate with the U.S. on foreign exchange policy. There is speculation that exchange rates may become a topic in trade negotiations.】 South Korea will continue discussions with the United States on its foreign exchange policy to promote mutual understanding; previously, the U.S. Treasury had placed South Korea on an observation list and called for it to restrain currency intervention. The South Korean Ministry of Finance stated in a Friday declaration that it aims to seek greater understanding in foreign exchange policies through regular communication and ongoing forex consultations with the U.S."Mutual understanding and trust." U.S. and South Korean officials held exchange rate consultations in Milan last month, leading to speculation that the Trump administration is willing to accept a depreciation of the dollar, and the exchange rate may become a topic in trade negotiations.

【The YOY decline in Japan 's exports in the first 20 days of May was affected by the Trump administration 's tariff measures】The Japanese government reported Friday that exports in the first 20 days of May were down 3 % from a year earlier. In contrast, the export volume in the first 20 days of April increased by 2.3 %, and the export volume increased by 2 % throughout April. Exports grew by an average of 6.2 % in the year to April.

Price information:

【CNY to USD central parity】

CNY to USD central parity is 7.1845, up 20 points ; the median price of the previous trading day was 7.1865, the official closing price of the previous trading day was 7.1838, and the previous day and night closing price was 7.1790.

【Upstream raw material USD market price】

Ethylene Asia: CFR Northeast Asia $780/ton; CFR Southeast Asia $850/ton.

Northeast Asia Propylene: The FOB Korea average price is $745 per ton; the CFR China average price is $775 per ton.

North Asia frozen cargo landed price: propane537-539 USD/ton; Butane 504-506 USD/ton.

South China Frozen GoodsThe CIF spot prices in early July: propane at $601-$611 per ton; butane at $541-$551 per ton.

Taiwan Region Frozen Goods CIF Price, Propane$537-539/ton; Butane $504-506/ton.

【LLDPE USD market price】

Film: 875 USD per ton (CFR Huangpu);

Injection molding: $970 per ton (CFR Dongguan)

【HDPE USD market price】

Film:900-920 USD/ton (CFR Huangpu);

Hollow: USD 865-870 / ton ( CFR Whampoa )

【LDPE USD market price】

Film:$1025-1035/ton (CFR Huangpu)

【PP USD market price】

Uniform aggregation:890-935 USD/ton (CFR Huangpu);

Copolymerization:955-1060 USD/ton (CFR Huangpu;

Membrane material:USD 1025-1090/ton (CFR Huangpu)

Transparent:1085 USD/ton (CFR Huangpu)

Pipes:1,160 USD/ton (CFR Shanghai).