Turning Point in Iran Nuclear Talks! European Chemical Industry Suffers Another Heavy Blow, 3D Bioprinting Breaks Through in Nerve Repair

International News Guide 

- Raw Materials - Awaiting Rare Earth "Arrival"? US Approves Ethane Ships but Bans Unloading! 

- Policy - Bombshell! Trump Says US Has Signed Agreement with China, Provides No Details 

- Medical - 3D Systems Advances Bioprinting for "First-of-its-Kind" Nerve Repair 

- Macro - To Push Iran Back to Nuclear Talks, US Considers Easing Sanctions and Facilitating $30B Investment 

- Price - USD/CNY Central Parity at 7.1627, Down 7 Pips 

International News Details 

1. Bombshell! Trump Says US Has Signed Agreement with China, Provides No Details 

US President Trump said Thursday the US had signed an agreement with China a day earlier but gave no specifics. 

"Everyone wants a deal, wants to be part of it, right? I know (US Trade Representative) Jamieson Greer, (Commerce Secretary) Howard Lettnick, and (Treasury Secretary) Scott Bessent are working overtime to reach agreements with other countries," Trump said. "Remember months ago the media asked if we'd really found interested parties? Now we signed with China yesterday, didn't we?" 

He added: "We're starting to open the Chinese market—things that were impossible before are happening now." 

Trump made the remarks at a White House event to push lawmakers to pass a government spending bill by July 4. 

2. Dr. Coffee enhanced food safety in commercial coffee machines with INEOS Styrolution's Zylar^® MBS

Dr. Coffee, a leading manufacturer of commercial coffee machines in China, has collaborated with INEOS Styrolution to utilize Zylar^® MBS for key food contact components in its new line of premium coffee machines, launched worldwide. This partnership highlights the value of Zylar^® MBS, which provides brand owners with a commitment to food safety and superior performance.

3. Awaiting Rare Earth "Arrival"? US Approves Ethane Ships but Bans Unloading! 

Reuters reported the US Department of Commerce Wednesday issued permits to Enterprise Products (EPD.N) and Energy Transfer (ET.N) allowing ethane loading onto ships bound for China, but banning unloading at Chinese ports without extra authorization. Notably, on June 19, China's Ministry of Commerce said it was accelerating reviews of rare earth export license applications, having approved a certain number of compliant applications and continuing to strengthen approvals. 

On the 26th, domestic firm Satellite Chemical reposted *Ethane Embargo Tensions Ease* via its official WeChat, stating the only restriction was the final "step" of unloading— a vague state typical of policy relaxation signals. 

4. UBE Launches Bio-Circular Caprolactam and Recycled PA Composites 

UBE Corporation announced that its bio-circular caprolactam produced by UBE Corporation Europe S.A.U. and recycled polyamide composites DINALON® A2X25-MI H-4109 (PA66) and B2E25 G20DI-4115 (PA6) by UBE Composites Europe S.L.U. have obtained U-BE-INFINITY® eco-product brand certification. 

UBE grants this brand to R&D achievements and products with outstanding environmental contributions to enhance their value, committing to solving global environmental issues through U-BE-INFINITY® branded products. 

5. Malaysia will stop accepting U.S. plastic waste, creating a dilemma for California   

Malaysia will ban plastic waste imports from the U.S. starting Tuesday because of America’s failure to abide by the Basel Convention treaty on international waste transfers, in a move that could have significant consequences for California.

6. Sabic to permanently close steam cracker at Wilton, UK

Sabic will permanently close its 865,000 metric tons per year Olefins 6 steam cracker at Wilton, UK, the company said in a statement June 25.

The unit has an annual nameplate production capacity of 865,000 metric tons of ethylene, 415,000 metric tons of propylene and 100,000 metric tons of butadiene, according to data from Platts, part of S&P Global Commodity Insights.

7. 3D Systems advances bioprinting tech for ‘first-of-its-kind’ nerve repair

3D Systems announced that its 3D bioprinting technologies have enabled FDA approval for the regenerative repair of peripheral nerve damage. For the last several years, 3D Systems has partnered with TISSIUM, a French MedTech company that is a pioneer in the development of biomorphic programmable polymers for tissue reconstruction, to develop a bespoke 3D printing solution for the repair of damaged peripheral nerves.

8. Circ Partners with Selenis to Scale Recycled PET from Cotton-Polyester Blends 

Under a new strategic agreement, Portuguese firm Selenis will toll process and polymerize thousands of tons of Circ polyester annually at industrial scale. The news follows French President Macron's May announcement of a €450 million investment in a new French plant using US-based Circ's cotton-polyester blend recycling technology. 

The new cross-industry collaboration enables Circ to leverage Selenis' mature polymerization infrastructure and expertise to convert recycled monomers from used textiles into high-quality Circ recycled PET for sportswear, basics, and fashion. The final result integrates scalable circular solutions into current supply chains. 

 Overseas Macro Updates 

Japanese Finance Minister: Government Cannot Implement Bond Repurchases Currently 

Finance Minister Katsunobu Kato: The government cannot implement bond repurchases now; will continue considering the possibility. Will monitor developments on the US "retaliatory tax" proposal. 

Tokyo Inflation Slows for First Time in Four Months as Energy Costs Ease Before Elections 

Tokyo inflation slowed for the first time in four months due to moderating energy price gains and the Tokyo municipal government's partial water fee waiver for households ahead of national elections. 

Thai Finance Minister Announces Trade Talks in US Next Week 

Thai Finance Minister Pichai Chunhavajira told reporters Friday he will depart for trade talks in the US next week, confirming the dates but not details. 

Thailand faces a critical window—if it fails to reach a tariff reduction agreement before the July suspension period ends, its exports will be hit with 36% US tariffs, severely impacting the export-reliant economy. During the current suspension, most countries enjoy a 10% baseline rate. 

Goldman Sachs: Options Market Shows Low Likelihood of Hormuz Oil Disruption 

Goldman Sachs reported the options market gives a 60% probability Brent crude will stay at $60-70/barrel in three months, with 28% chance of exceeding $70. 

Report: US Considers Easing Sanctions on Iran to Push Nuclear Talks, Facilitate $30B Investment 

CNN cited four sources Thursday that the Trump administration is considering measures to bring Iran back to the negotiating table, including easing sanctions, helping Iran secure up to $30 billion in "civil nuclear program" investment, and unfreezing billions in restricted funds. A Trump administration official said proposals have been put forward but are in the preliminary stage and evolving, with the US demand for "zero uranium enrichment" remaining unchanged. 

Trump Says "Very Big" Trade Deal with India Possible Soon 

US President Trump said a "very big" trade deal with India could be signed soon, opening the Indian market to US businesses. Negotiators are meeting in Washington to break recent deadlocks on key issues. "We're reaching some great agreements. One more is coming, maybe with India—very big—to open India," Trump said at a White House event Thursday. 

Price Information 

[USD/CNY Central Parity ]

7.1627, down 7 pips (prev: 7.1620; official close: 7.1684; overnight: 7.1671) 

[Raw Materials (USD/ton) ]

  - Ethylene Asia: CFR NE Asia 850, CFR SE Asia 860 

  - Propylene NE Asia: FOB Korea avg 750, CFR China avg 800 

  - North Asia LPG CIF: Propane 534-536, Butane 504-506 

  - South China LPG July arrival: Propane 583-593, Butane 540-550 

  - Taiwan LPG CIF: Propane 534-536, Butane 504-506 

[ LLDPE US Dollar Market Price ]

Film : USD 880-930 / ton ( CFR Whampoa ) ;

Injection molding : $ 940 / ton ( CFR Dongguan ) ;

[ HDPE US Dollar Market Price ]

Film : USD 910-930 / ton ( CFR Whampoa ) ;

Hollow : USD 860-870 / ton ( CFR Whampoa ) ;

[ LDPE U.S. dollar market price ]

Film : USD 1105-1120 / ton ( CFR Yantian ) ;

Coating : USD 1350 / ton ( CFR Whampoa )

[ PP US dollar market price ]

Homogenization : $ 935-975 / ton ( CFR Huangpu ) ;

Copolymerization : USD 965-995 / ton ( CFR Whampoa ) ;

Film material : $ 1000 / ton ( CFR Huangpu ) ;

Transparency : USD 1085 / ton ( CFR Whampoa ) ;

Pipe : USD 1160 / ton ( CFR Shanghai ).