DOMO Chemicals and Sumitomo Chemical Showcase New Products! European Packaging Companies Promote Circular Economy in Packaging

International News Digest:

Raw Material News-DOMO Chemicals offers its ISCC PLUS certified mass balanced PA6 resins

Automotive News-Sumitomo Chemical's glass fiber reinforced PP materials are seeingin sales scale in Europe

Packaging News-Danish recycler launches recycled PET lid for hot beverages

Macro News-Turkey Initiates Anti-Dumping Investigation on Sodium Gluconate from China

Price Information - The central parity rate of the RMB against the US dollar was reported at 7.1876, down by 43 points.

The following is the detailed international news:

1.DOMO Chemicals offers its ISCC PLUS certified mass balanced PA6 resins

2. Sumitomo Chemical's glass fiber reinforced PP material continues to expand its sales scale in Europe.

Sumitomo Chemical showcased its "glass-based transparent display," glass fiber-reinforced polypropylene (PP) automotive-grade material "THERMOFIL HP," and glass fiber-reinforced recycled PP material "THERMOFIL CIRCLE" at the recently concluded Human & Automotive Technology Expo 2025 Yokohama in Japan. The THERMOFIL series represents specialty plastics that integrate PP with glass fibers through exclusive compounding technology. Notably, THERMOFIL HP containing 50% glass fiber content has entered global commercial distribution, demonstrating superior strength compared to engineering plastics like polyamide (PA) 66 and PA6 with 30% glass fiber reinforcement, while maintaining a lighter weight advantage.

3. Danish recycler launches recycled PET lid for hot beverages

Rigid food packaging manufacturer and recycler Faerch (Holstebro, Denmark) has introduced a hot drinking lid made from recycled PET. According to the company, the new lid is made from 85% rPET and is fully recyclable back into food-grade packaging.

4.Borealis invests €100M to expand PP capacity in Germany

5.Global first:D3O Unveils Non-Newtonian Motorcycle Helmet Technology​

Technology media Newatlas published a blog post yesterday (May 26) reporting that the world's first non-Newtonian material motorcycle helmet has been developed and is expected to be available for sale by 2027.

Developed by D3O, the helmet leverages a groundbreaking material whose viscosity dynamically adapts to external forces. During normal use, it remains soft and fluid-like for comfortable wear, but instantly hardens into a rigid, protective shell upon violent impact—delivering unmatched safety without compromising comfort.

6. Healthcare TPE Advancing Innovation in Loop Recorder Monitoring Technology

KRAIBURG TPE Healthcare TPE Advancing Innovation in Loop Recorder Monitoring Technology.Detecting heart rhythm irregularities early can be life-saving. Loop recorder monitoring devices improve long-term cardiac care by continuously tracking irregular heart rhythms and storing data for diagnosis. These devices must meet strict safety, biocompatibility, and durability standards.

Overseas macro market information:

【Turkey Initiates Anti-Dumping Investigation on Sodium Gluconate from China】On May 25, the Turkish Ministry of Trade issued Announcement No. 2025/9, stating that, at the request of Turkish producers, an anti-dumping investigation has been initiated against sodium gluconate originating from China. The investigation period for dumping is from January 1, 2024, to December 31, 2024, and the injury investigation period is from January 1, 2022, to December 31, 2024.

【Tariffs Accelerate Sustained Surge in US Used Car Market​】 Auto service enterprisesCox Automotive's data shows that at the beginning of May, dealers' used car inventory was only enough to last 43 days. Over the past two months, the average price of the 50 best-selling used cars in the U.S. has been increasing every week, approaching $29,000. In contrast, the average price of new cars exceeds $48,000.

【The Japanese cabinet approved388 billion yen in reserve funds to counter U.S. tariff measures】On the 27th local time, the Japanese government decided in a cabinet meeting to use 388 billion yen from the reserve fund as part of an emergency response plan to address the tariff measures implemented by the U.S. government. Among this, 288 billion yen will be used to subsidize summer electricity and gas costs, and 100 billion yen will be allocated for "key support for local delivery funds," which local governments can utilize based on specific circumstances.

【Japanese Finance Minister: Will Closely Monitor Developments in the Bond Market】Japanese Finance Minister Shunichi Kato stated that interest rates are influenced by multiple factors, but the market generally believes that rising rates reflect concerns about the country's fiscal conditions. He emphasized that the government will closely monitor the bond market situation, including the ultra-long-term bond sector, and will continue to maintain close dialogue with bond investors and market participants.

【Korean Issuance20-year Treasury bond】South Korea issues 20-year government bonds with a yield of 2.715%.

【Canalys: Africa's smartphone market is expected to achieve a moderate growth of 3% by 2025.The African smartphone market got off to a good start in 2025, with regional shipments growing for the eighth consecutive quarter. The latest data from Canalys shows that in the first quarter of 2025, shipments increased by 6% year-on-year, reaching 19.4 million units. Canalys predicts that constrained by slow infrastructure development, rising sovereign debt, and macroeconomic instability, the African smartphone market is expected to see a moderate growth of 3% in 2025.

【The Japanese Ministry of Finance is considering reducing the issuance of ultra-long-term bonds and issuing more short-term bonds.】 Sources said that the Japanese Ministry of Finance will consider adjustments untilThe composition of the bond program for the fiscal year ending March 2026. It may involve reducing the issuance of ultra-long-term bonds and issuing more shorter-term bonds; the total issuance volume will remain unchanged. The Ministry of Finance will decide on the relevant changes after meeting with market participants in mid to late June. This move caused the yield on Japan's 20-year government bonds to plummet by 17.5 basis points during the trading day.

【Japan's government advisory group warns that rising bond yields will impact the fiscal situation.】  A Japanese government advisory panel has urged authorities to intensify fiscal consolidation efforts, as the Bank of Japan's sustained monetary tightening actions exacerbate the risk of rising debt repayment costs for Japan. According to a recommendation submitted on Tuesday to Katsunobu Kato, Japan's Finance Minister, the Fiscal System Council warned that the BOJ's interest rate hikes and reduction in bond purchases are causing a steady rise in government bond yields, necessitating more attention to Japan's fiscal situation. The council stated,"We must manage the fiscal situation with a high sense of urgency to prevent rising debt costs from crowding out necessary policy spending."

【Nomura Securities: If the government reduces issuanceThe ultra-long-term Japanese government bond market may further stabilize.】Nomura Securities said that the ultra-long Japanese government bond market could continue to stabilize in the future if the Japanese government decides to reduce the issuance. "Personally, I think the Ministry of Finance may start to shift to short-term borrowing from the third quarter, reducing the issuance of ultra-long bonds and increasing the issuance of short-term bonds," said Jin Moteki, a strategist at Nomura Securities. "This expectation seems to have led to a bull flattening of the Japanese government bond yield curve today." It is necessary to closely watch the results of the Japanese government bond primary dealer meeting, which is scheduled to be held on June 20.

Price Information:

【 Central parity rate of RMB against USD】

The central parity rate of the yuan against the US dollar was set at7.1876, down 43 points; the previous trading day's midpoint was 7.1833, the previous trading day's official close was 7.1843, and the overnight closing was 7.1870.

【Upstream raw material USD market price】

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

Propylene Northeast Asia:FOB Korea average price was $750 per ton, down $10 per ton; CFR China average price was $785 per ton, down $10 per ton.

North Asia Frozen Cargo CIF Propane542-544 USD/ton; Butane 515-517 USD/ton.

South China Frozen Goods CIF price in June, Propane 618-628 USD/ton; Butane 563-573 USD/ton.

Taiwan region frozen cargo delivered price, propane$542-544/ton; Butane $515-517/ton.

【LLDPE USD market price

Film:900 USD/ton (CFR Huangpu);

Injection molding $990/ton (Dongguan Bonded Area spot);

【HDPE USD market price

Film: The translation provided may be a partial one as the original Chinese text '' translates fully to 'Thin film' in English. Please provide the complete phrase or sentence for accurate translation.910-930 USD/ton (CFR Huangpu);

Hollow:$865-870/ton (CFR Huangpu)

【LDPE USD market price】 

Thin film:1035-1040 USD/ton (CFR Huangpu);

【PP USD market price

Homopolymerization:905-950 USD/ton (spot);

Copolymerization:$955-1060/ton (CFR Huangpu), down $25/ton;

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

Transparent1095 USD/ton (CFR Huangpu);

Tubing:$1160/ton (CFR Shanghai).

Edit:Canoe