SABIC Optimistic About Europe's Plastic Circular Development! RCYL Launches Bicycles with 50% Recycled Plastic

International News Guide:

K Show News - SABIC Optimistic About Opportunities in Europe's Plastic Circular Economy and Sustainable Development;

Recycling News - RCYL Launches Bicycles with 50% Recycled Plastic to Create Rust-Free Urban Cycling;

Recycling News - Vecoplan Acquires Long-Term Partner Pla.to to Build Full-Process Plastic Recycling Services;

Automotive News - Syensqo Launches Orange PPS Grade for Extruded Busbars;

Macroeconomic News - Hamas Official Says the Faction is Ready to Give Up Governance of the Gaza Strip;

Price Information - CNY/USD Central Parity Rate Stands at 7.1007.

Details of International News:

1.Syensqo Launches Orange PPS Grade for Extruded Busbars

Syensqo is strengthening its commitment to powering electrification through a comprehensive portfolio of busbar solutions, each designed to meet the unique needs of different applications.

For extruded busbars, especially those used in battery systems, Syensqo has developed the new Ryton® PPS XE3500 Orange grade. It provides enhanced reliability and compliance in high-voltage environments, while offering significantly better thermal stability compared to existing solutions.

2.Vecoplan Acquires Long-Term Partner Pla.to to Build Full-Process Plastic Recycling Services

Vecoplan, a supplier of plastic shredding, processing equipment and systems, is currently acquiring the well-known Görlitz-based company Pla.to GmbH—a specialist in dry cleaning and cleaning technology.

Through this acquisition, Vecoplan will build an integrated service system covering the entire process from plastic shredding to state-of-the-art cleaning. In the recycling industry, most companies know each other well, and Vecoplan and Pla.to are no exception—the two companies have collaborated for many years and successfully completed numerous joint projects.

Now, based on this long-term strategic partnership, Pla.to will officially become a wholly-owned subsidiary of Vecoplan AG.

3.German Company RCYL Launches Bicycles with 50% Recycled Plastic to Create Rust-Free Urban Cycling

As sustainable manufacturing reshapes industries, a German company is revolutionizing traditional cycling concepts with an almost fully plastic bicycle.

The RCYL bicycle, developed by plastic expert igus, has a frame made of 50% recycled fishing nets, featuring both rust resistance and lubrication-free properties. This innovation not only embodies the concept of environmental protection but also redefines the practicality of urban travel—its maintenance-free design combined with durability meets the needs of both urban residents and corporate fleets.

Priced at €1,243 and weighing approximately 17 kg, the RCYL bicycle uses high-performance plastic for components such as ball bearings and cranks, ensuring low-friction operation without the need for oiling. According to the company's official website, users can customize colors and accessories online, and the product is weather-resistant and can be cleaned directly with water. These features make it an ideal choice for scenarios requiring low maintenance costs, such as scenic spots and corporate parks.

4.Resonac Uses 100% Waste Plastic to Produce Hydrogen, Promoting Decarbonization of Ammonia Production!

According to Plastmatch on October 13, Resonac Corporation has decided to further advance the decarbonization of its ammonia business at the Kawasaki Plant (located in Kawasaki City, Kanagawa Prefecture) by using only hydrogen derived from waste plastic as raw material in ammonia production. The new facility is scheduled to start operation in April 2030.

This initiative was certified on September 30, 2025, and meets the qualification requirements of the "Price Difference Subsidy Support" project under the Act on Promoting the Supply and Utilization of Low-Carbon Hydrogen and Its Derivatives for a Smooth Transition to a Decarbonized Growth-Oriented Economic Structure under the jurisdiction of Japan's Ministry of Economy, Trade and Industry. The subsidy application was jointly submitted by Resonac and NIPPON SHOKUBAI CO., LTD., a major ammonia customer.

5.K Show 2025: SABIC Optimistic About Opportunities in Europe's Plastic Circular Economy and Sustainable Development

Saudi Basic Industries Corporation (SABIC), the chemical business unit of Saudi Aramco, stated that despite the current unfavorable situation in the petrochemical market, demand for circular and sustainable plastics in Europe is expected to grow, which holds opportunities.

"Europe is our innovation hub," said Sami Al-Osaimi, Executive Vice President of SABIC's Polymers Business, at a briefing during the 2025 K Show in Germany on October 8.

Overseas Macroeconomic Market：

【Hamas Official Says the Faction is Ready to Give Up Governance of the Gaza Strip】

Bassem Naim, a senior official of the Palestinian Islamic Resistance Movement (Hamas), said that Hamas is ready to give up governance of the Gaza Strip. However, Hamas members exist not only in the Gaza Strip but also in the West Bank, Jordan and overseas.

Naim pointed out that Hamas will not hand over its weapons to any party at present, "unless to the State of Palestine", at which point Hamas armed members can join the local army in the future.

【U.S. Crude Oil Futures Settle Down Over 4.2%】

WTI November crude oil futures settled down $2.61, or 4.24%, at $58.90 per barrel, with a cumulative weekly decline of over 3.25%.

Brent December crude oil futures settled down $2.49, or nearly 3.82%, at $62.73 per barrel, with a cumulative weekly decline of approximately 2.79%.

Price Information:

【CNY/USD Central Parity Rate Rises 41 Pips to 7.1007】

The central parity rate of CNY against USD was reported at 7.1007, an increase of 41 pips; the central parity rate of the previous trading day was 7.1048, the official closing price of the previous trading day was 7.1232, and the night session closing price of the previous day was 7.1360.

【Upstream Raw Material USD Market Prices】

Ethylene Asia: CFR Northeast Asia USD 785/ton; CFR Southeast Asia USD 780/ton.

Propylene Northeast Asia: FOB South Korea average USD 750/ton; CFR China average USD 780/ton.

North Asia refrigerated cargo CIF price: Propane USD 480-483/ton; Butane USD 506-509/ton.

South China refrigerated cargo CIF price for late October: Propane USD 556-566/ton; Butane USD 546-556/ton.

Taiwan region refrigerated cargo CIF price: Propane USD 480-483/ton; Butane USD 506-509/ton.

【LLDPE USD Market Prices】

Film: USD 850-890/ton (CFR Huangpu);

Injection Molding: USD 945-1010/ton (CFR Huangpu).

【HDPE USD Market Prices】

Film: USD 910-940/ton (CFR Huangpu);

Blow Molding (Hollow): USD 855/ton (CFR Huangpu);

Injection Molding: USD 850/ton (CFR Huangpu);

Pipes: USD 1010/ton (CFR Huangpu).

【LDPE USD Market Prices】

Film: USD 1050-1070/ton (CFR Huangpu);

Coating: USD 1280/ton (CFR Huangpu).

【PP USD Market Prices】

Injection Molding: USD 860-915/ton (CFR Huangpu);

Copolymer: USD 850-900/ton (CFR Nansha);

Film Grade: USD 1020/ton (CFR Huangpu);

Transparent Grade: USD 1045-1125/ton (CFR Huangpu);

Pipes: USD 1100/ton (CFR Shanghai).