【Overseas Highlights】EU promotes green transition of automotive full lifecycle, evante innovates technology to empower recyclable pet packaging

International News Digest:

Raw Material NewsDow launched INNATE™ TF 220 resin.

Looping NewsDongyang Textile collaborates with DMC to develop plastic raw materials.

Automotive News- Elton acquires DPP, marking its first major foray into the U.S. market.

Additive NewsMatsubara Group will focus on showcasing stabilizer technology and performance additives at the K Fair.

Macro News- Trump: Will make a "major announcement" regarding Russia next Monday;

Price InformationThe central parity rate of the RMB against the USD is reported at 7.1475, up by 35 points.

The following is the details of international news:

1. Dow launches INNATE™ TF 220 resin to support the development of recyclable BOPE film innovative solutions.

Dow announced throughINNATE™ TF 220 resin has achieved a significant technological breakthrough, providing a bi-axially oriented polyethylene (BOPE) film solution that offers both high performance and recyclable design for the flexible packaging sector.

From material design to end-of-life recycling, Dow is collaborating with partners across the packaging industry chain to jointly develop sustainable solutions that can be scaled up, turning environmental aspirations into commercial practices.

New Trends in Biomaterials! Toyobo Collaborates with DMC to Develop Plastic Raw Materials

Oriental SpinningToyobo has signed a joint research and development contract related to biomanufacturing with DMC Biotechnologies, a biotechnology startup based in Colorado, USA.

The two companies aim to develop and commercialize sustainable key compounds by applying synthetic biology techniques to microorganisms, which will be used as raw materials for universal plastics.

3. Related to the automotive industry! Elton acquires DPP, making a significant entry into the U.S. market for the first time.

Elton Manufacturing has acquired Decatur Plastic Products in the United States. This acquisition marks the first significant move by Elton, headquartered in Mississauga, Ontario, into the U.S. market.

As a supplier of garage door and entry door sealing strips and windows.Elton Manufacturing recently completed the acquisition of Decatur Plastic Products Inc. (DPP), a supplier of seals and windows in North Vernon, Indiana, marking its first large-scale expansion into the U.S. market.

4. Evante has launched a new type of oxygen scavenger that can enhance the recyclability of PET packaging.

Evante (Avient has launched an oxygen-absorbing additive designed to enhance the recyclability of polyethylene terephthalate (PET) packaging while extending the shelf life of products.

ColorMatrix Amosorb Oxyloop-1 is the first product in Evonik's new Oxyloop oxygen scavenger series. This additive has been recognized by the European PET Bottle Platform, enabling bottle-to-bottle recycling within colored recycled material streams, demonstrating its ability to meet strict industry recyclability standards.

TEAM Technologies announced the acquisition of Duke Empirical.

TEAM Technologies, a company providing end-to-end outsourcing manufacturing services for critical medical devices, announced the acquisition of Duke Empirical. Duke Empirical is a manufacturer specializing in the design, research and development of innovative medical devices, focusing on high-end catheters and minimally invasive delivery systems. This acquisition marks an expansion of TEAM's business capabilities in the fields of minimally invasive medicine, cardiology, and interventional therapies.

6. The EU has adopted new regulations on the circular economy in the automotive sector to promote a green transition throughout the entire lifecycle.

European Parliament Environment CommitteeThe ENVI (Environment) and the Internal Market Committee (IMCO) recently voted to approve a new regulation aimed at comprehensively promoting the transition of the European automotive industry to a circular economy. The regulation covers the entire lifecycle of vehicles, from design and production to end-of-life treatment, and proposes multiple specific requirements.

According to the draft, automobile manufacturers must design new models with easily detachable components to ensure authorized processing agencies.ATFs (Authorized Third Parties) can reuse, remanufacture, refurbish, or recycle components (when technically feasible). At the same time, it is prohibited to use software restrictions to hinder the replacement or disassembly of individual parts.

Songyuan Group will focus on showcasing stabilizer technology and performance additives at the K2025 exhibition.

Songyuan Industry inAt the K 2025 exhibition, it showcases its commitment to the industry and its customers. As the chemical industry faces increasingly stringent regulations and growing competition, customers are under pressure to enhance product performance, focus on sustainable development, quickly adapt to changing demands, and ensure supply continuity.

Adhering to the concept of creating long-term value, Songyuan collaborates deeply with customers to provide high-quality products (covering various physical forms) and specialized services that align with market orientation, accurately meeting customers' current and future core needs.

For over sixty years, the company has built a wide-ranging product portfolio and a specialized service system. Its innovative achievements include a comprehensive series of advanced light stabilizers (such as high-performance ultraviolet absorbers).SONGSORB® 1164, hindered amine light stabilizers (SONGSORB® HALS), and the newly added calcium-based organic stabilizer series SONGSTAB™ in the PVC stabilizer product line.

The following is information on overseas macro markets:

【The Houthis continue to prohibit Israeli-related vessels from passing.】According to reports, the leader of the Houthi armed group, Abdul-Malik al-Houthi, stated on July 10 that as long as Israel continues its aggression and blockade of Gaza, the Houthis will continue to prohibit vessels related to Israel from passing through the Red Sea, the Gulf of Aden, and the Arabian Sea. No one is allowed to transport goods related to Israel through these waters. Within a week, the Houthi armed group has sunk two cargo ships in the Red Sea. The UN Secretary-General's special envoy for Yemen emphasized the need to ensure freedom of navigation in the Red Sea, protect civilian infrastructure, and prevent Yemen from being drawn into a larger regional conflict.

【Trump: I will release information about Russia next Monday."Major Statement"On July 10 local time, U.S. President Trump revealed that he would make a "major statement" on the issue of Russia the following Monday (July 14 local time). In a phone interview with U.S. media that day, Trump stated that the current Russian airstrikes on Ukraine are escalating, and he expressed his "disappointment" with Russian President Putin, saying that Putin is "politely courteous but lacks substance."

【ChinaThe second round of negotiations for the upgrade of the Swiss Free Trade Agreement was held in Switzerland.】From July 7 to 10, the second round of negotiations for the upgrade of the China-Switzerland Free Trade Agreement was held in Geneva, Switzerland. The two sides conducted in-depth discussions on topics such as trade in goods, trade in services, investment, rules of origin, trade facilitation, competition, environment and trade, and economic and technological cooperation, achieving positive progress in the negotiations.

Price information:

【Renminbi to US dollar central parity rate】

The central parity rate of the RMB against the USD is reported.7.1475, up 35 points; the previous day's midpoint was 7.1510, the previous day's official closing price was 7.1776, and the previous night's reported a closing price of 7.1780.

【Upstream raw material market price in USD】

Ethylene Asia:CFR Northeast Asia 820 USD/ton; CFR Southeast Asia 830 USD/ton.

Acrylic Northeast Asia:The average FOB price in South Korea is $740 per ton; the average CFR price in China is $775 per ton.

Northern Asia frozen cargo CIF, propane$538-540 per ton; butane $508-510 per ton.

South China Frozen GoodsIn August, the CIF price for propane is $567-574/ton; for butane, it is $537-544/ton.

Taiwan region frozen goods CIF price, propane538-540 USD/ton; butane 508-510 USD/ton.

【LLDPE USD market price】

Thin film:875-910 USD/ton (CFR Huangpu);

Injection molding950 USD/ton (CFR Dongguan);

【HDPE USD market price】

Thin film:920 USD/ton (CFR Huangpu);

Hollow:855-860 USD/ton (CFR Huangpu);

【LDPE USD market price】

Thin film:1070-1110 USD/ton (CFR Huangpu);

Coating:$1350/ton (CFR Huangpu)

【PP USD market price】

Uniform aggregation:935-980 USD/ton (CFR Huangpu)

Co-aggregation:$965-995 per ton (CFR Huangpu);

Membrane material:1000 USD/ton (CFR Huangpu);

Transparent:1085 USD/ton (CFR Huangpu);

Piping material:1160 USD/ton (CFR Shanghai).