South Korea plastic limit new upgrade ! Pakistan launched an anti-dumping investigation against China 's PVC ; Marelli is facing bankruptcy

Raw material news-Pakistan Initiates Second Sunset Review of Anti-Dumping Duties on PVC Resin from China, South Korea, Thailand, and Taiwan​​;

Automobile news-Teijin 's para-aramid fiber Twaron ® containing circulating components for Bridgestone high-performance racing tire;

Packaging news- Pact launches new food grade recycled plastic for milk bottles;

Electronic news for milk bottles- U.S. Initiates Section 337 Investigation on Electronic Eyewear​​;Medical news-Johnson Medical lost ! The amount of compensation soared to 3.2 billion;

Macro news-Iran said the next round of U.S.-Iran nuclear negotiations will be held in Oman on Sunday;

Price information-ethylene Asia : CFR Northeast Asia 780 USD / ton ; cFR Southeast Asia $ 850 / ton.

International News Details:​​

• Pakistan Initiates Second Sunset Review of Anti-Dumping Duties on PVC Resin from China, South Korea, Thailand, and Taiwan​​
  The National Tariff Commission of Pakistan announced the launch of a second sunset review investigation (Case No. 50/2016/NTC/PVC/SR-II/2025) on suspension-grade polyvinyl chloride (PVC) resin imported from China, South Korea, Thailand, and Taiwan. The investigation, prompted by a petition from domestic producer Engro Polymer and Chemicals Limited, covers the period from January 1, 2022, to December 31, 2024. The product, classified under HS code 3904.1090, is primarily used in manufacturing pipes, garden hoses, footwear, cables, films, and packaging materials. Existing anti-dumping duties will remain effective during the review, with a final ruling expected within 12 months.

• Vita Group Unveils Orbis Ultra Foam with Over 95% Recycled Content​​
  Vita Group, a European leader in flexible polyurethane foam solutions, announced a breakthrough in its 2024 Sustainability Report. Its Orbis Ultra foam incorporates 100% recycled polyols and 100% recycled TDI (derived from recycled TDA), achieving over 95% post-consumer recycled content from end-of-life foam. This innovation marks a milestone in circular economy solutions for the polyurethane industry.

• Sibur hikes 2030 recycling, sustainable plastics capacity goals
  Sibur Holding PJSC (Moscow), Russia's largest producer of polymers and synthetic rubber, has hiked its targets for the recycling of waste plastics and the use of bio-based and low-carbon polymers as part of its updated sustainability strategy to 2030.

• New pilot program to recycle vinyl windows in Canada
  The Vinyl Institute of Canada (VIC) has announced Project Win-Finity, a national pilot program stewarded by the association and aimed at recycling post-consumer polyvinyl chloride (PVC) windows.
• Pact launches new food grade recycled plastic for milk bottles Plastic resin made from recycled milk and juice bottles at a Pact-operated recycling facility in Melbourne has passed rigorous testing for use in food and drink packaging.The recycled rFresh 100 food-grade natural High-Density Polyethylene (HDPE) resin is produced at the Circular Plastics Australia (CPA) recycling plant in Laverton, where plastic milk and juice bottles collected from kerbside recycling bins are sorted, shredded, washed and sanitised before final conversion to a high-quality, food-grade resin.
  
  
• ​​U.S. Initiates Section 337 Investigation on Electronic Eyewear​​
  IngenioSpec, LLC filed a Section 337 complaint with the U.S. International Trade Commission (ITC), alleging patent infringement by 13 companies—including China’s DJI, Yingmu Technology, and YINGM—involving electronic eyewear and related components.
  
  
• Johnson & Medical Subsidiary Faces 440 Million Antitrust Penalty​**​A U.S. court tripled damages against Biosense Webster (a J&J subsidiary) to 442 million for monopolistic practices that blocked third-party reprocessed medical devices. The ruling highlights growing scrutiny of anti-competitive behavior in healthcare.
  
  
• ​​Teijin’s Recycled Twaron® Powers Bridgestone’s Solar Racing Tires​​
  Teijin Aramid’s Twaron® para-aramid fiber, containing recycled content, will reinforce Bridgestone tires for the 2025 World Solar Challenge. This marks the first use of circular Twaron® in high-performance racing tires, maintaining strength while advancing sustainability.

• ​​South Korea Expands EPR Rules to Include Plastic Toys​​
  South Korea’s revised Extended Producer Responsibility (EPR) regulations will mandate toy manufacturers and importers to fund recycling from 2026. Exemptions apply to SMEs with annual sales below ₩10 billion or production under 10 tons.
  
  
• ​​Marelli May File for Bankruptcy, Potential Buyer Emerges​​
  Global automotive parts supplier giant Marelli is considering Chapter 11 bankruptcy protection to address a ¥100 billion (≈¥5 billion CNY) funding gap.

Global Macro Market Updates:​​

1. Rare Earth Crisis: Indian Auto Industry Urges Government to Engage China​​
Multiple Indian suppliers have applied for rare earth export permits through their Chinese partners, but no approvals have been granted so far. Due to shortages of rare earth magnets, Indian automakers may suspend electric vehicle (EV) production, potentially delaying new EV deliveries. Rakesh Sharma, Executive Director of Bajaj Auto, stated that supplies and inventories are gradually depleting, and production could face severe disruptions by July if the situation remains unresolved.

​​2. Bank of Japan Governor Signals Inflation Remains Below Target, Yen Weakens Further​​
Bank of Japan Governor Kazuo Ueda emphasized that inflation remains below the central bank’s target, accelerating the yen’s depreciation. While downplaying the likelihood of rate cuts to stimulate the economy, Ueda suggested potential support measures, reinforcing market expectations that monetary tightening remains distant.

​​3. Iran Announces Next Round of Nuclear Talks with U.S. to Begin Sunday in Oman​​
Iran’s Foreign Ministry confirmed via Telegram that the sixth round of nuclear negotiations between Iran and the U.S. will commence on Sunday in Muscat. Iranian Foreign Minister and lead negotiator Abbas Araghchi will attend the Oslo Forum in Norway on June 11-12.

​​4. UK Employment Sees Sharpest Drop Since 2020 as Wage Growth Slows​​
The UK labor market continued to cool amid higher hiring costs, with employment falling sharply and wage growth hitting a seven-month low. According to the UK Office for National Statistics, wage growth excluding bonuses slowed to 5.2% in the three months to April, below economists’ 5.3% forecast. Private sector wage growth—a key metric for the Bank of England—declined from 5.5% to 5.1%.

​​5. Traders Boost Bets on Bank of England Rate Cuts Ahead of German Bond Auction​​
European government bonds opened largely flat. The yield on 2-year German government bonds remained flat at 1.87%, while 10-year and 30-year yields dipped 1 basis point to 2.56% and 3%, respectively. Markets await Germany’s 2030 bond auction and comments from European Central Bank officials François Villeroy de Galhau and Olli Rehn. Traders now price in 45 basis points of Bank of England rate cuts by year-end, up from 41 basis points earlier, following weak UK employment and wage data.

​​ Price Information:

​
​​【USD/CNY Central Parity Rate​​】
The People’s Bank of China set the USD/CNY central parity rate at ​​7.1840​​ on June 10, 2025 (Tuesday), up by ​​15 basis points​​ from the previous trading day’s rate of 7.1855. The official closing rate on June 9 was 7.1838, while the night session close settled at 7.1788.

​​【Upstream Raw Material Prices (USD)】

• ​Ethylene Asia : CFR Northeast Asia 780 USD / ton ; cFR Southeast Asia $ 850 / ton.
• Propylene Northeast Asia : The average price of FOB Korea is $ 700 / ton, down $ 45 / ton ; cFR China 's average price of $ 750 / ton, down $ 25 / ton.
• CIF North Asian frozen goods, propane 541-543 USD / ton ; butane 510-512 US $ / ton.
• South China Frozen goods CIF July, propane 595-605 USD / ton ; butane 535-545 US $ / ton.
• Taiwan frozen goods CIF, propane 541-543 dollars / ton ; butane 510-512 US $ / ton.

​​【LLDPE (Linear Low-Density Polyethylene) USD Prices​​】

• Film grade: ​​$870/MT​​ (CFR Qingdao)
• Injection molding grade: ​​$970/MT​​ (CFR Dongguan)

​​ 【HDPE (High-Density Polyethylene) USD Prices​​】

• Film grade: ​​$900–920/MT​​ (CFR Huangpu)
• Hollow products grade: ​​$865–870/MT​​ (CFR Huangpu)

​​【LDPE (Low-Density Polyethylene) USD Prices​​】

• Film grade: ​​$1025–1035/MT​​ (CFR Huangpu)

​​【PP (Polypropylene) USD Prices​​】

• Homopolymer: ​​$890–935/MT​​ (CFR Huangpu)
• Copolymer: ​​$955–1060/MT​​ (CFR Huangpu)
• Film grade: ​​$1025–1090/MT​​ (CFR Huangpu)
• Transparent grade: ​​$1085/MT​​ (CFR Huangpu)
• Pipe grade: ​​$1160/MT​​ (CFR Shanghai)