Overseas Highlights: PPG Establishes New Aerospace Coatings Plant in the US, Yizumi Turkey Company Officially Opens! Pepsi Adjusts Plastic Packaging Goals

News Headlines:

Raw Materials News - $380 Million! PPG to Build New Aerospace Coatings Plant in the United States

Automotive News - FF Officially Receives Factory and Operation Center in Ras Al Khaimah, UAE

Packaging News-PepsiCo moves its sustainability goal posts

Electronics and Electrical News-PLASTPOL Poland Exhibition ongoing! KINGFA responds to European market demands with new materials.

Macroeconomic News- South Korea may hold a third round of trade negotiations with the U.S. after the election.

Price InformationEthylene Asia: CFR Northeast Asia $780/ton; CFR Southeast Asia $870/ton

The following are details of international news:

1、 $380 million! PPG to build new aerospace coatings factory in the USA

Recently,PPG will invest $380 million to build a new aerospace coatings and sealants production facility in Shelby, North Carolina, USA. The construction project of this 62-acre plant will initially include production and warehousing units, with plans to start construction in October 2025 and expected completion in the first half of 2027.

2、FF officially receives the factory and operation center in Ras Al Khaimah, UAE.

On May 23, Faraday Future (FF) announced that it had officially taken over the Ras Al Khaimah factory and operations center in the UAE. This factory will be used to support the production of both FF and FX models. Previously, on May 21, 2025, during the "Made in UAE 2025" summit, the Ras Al Khaimah Economic Zone (RAKEZ) officially announced the cooperation project. FF’s wholly-owned subsidiary, Faraday Future Middle East FZ-LLC, signed the relevant agreement with RAKEZ on the spot.

3、Acquisition of SL Recycling site in Germany

4、Yizumi Turkey Subsidiary Opens: Leveraging the Asia-Europe Hub to Propel a New Global Landscape

Local timeOn May 21, Yizumi Turkey Precision Machinery Co., Ltd. (hereinafter referred to as: Turkey Subsidiary) held a grand opening ceremony and open day event in Istanbul's Silivri. Industry experts, representatives from agency companies, and client representatives attended the celebration. At the event, Mr. Zhang Tao, Director and Deputy General Manager of Yizumi, General Manager of the Injection Molding Machine Division, and General Manager of the International Business Division, delivered a speech. He pointed out that the establishment of the Turkey subsidiary is not only an important milestone in Yizumi's globalization journey, marking substantial progress in the company's strategic layout to deepen its presence in the Middle East and Africa markets, but also symbolizes a key step in Yizumi's commitment to localizing its strategy and building a new pattern of coordinated development between the Asian and European markets.

5、PepsiCo moves its sustainability goal posts

6、Researchers to develop a process to remove pollutants from plastic production

Researchers at the University of Minnesota are developing a process to remove pollutants from plastic production with selective combustion.The process involves engineering certain materials to only react to one molecule found in a mixture of hydrogen and carbon atoms, called hydrocarbons, and effectively removing toxic pollutants found in different plastics.

7、PLASTPOL in Poland is ongoing! KINGFA responds to European market demands with new materials.

The 2025 PLASTPOL Poland Exhibition has grandly opened! At Pavilion 5, B21, KINGFA is fully demonstrating to the European market how our innovative materials empower industries and contribute to the achievement of sustainable development goals..Focusing on the Three Core Highlights of the KINGFA Booth：1、The Charm of Biobased Materials；"Turning waste into treasure"Recycled plastic(PCR)；3、Driving performance upgrades"Hardcore" Special Engineering Plastics(SEP)。

8、Packaging company must pay £476,995 after fraud conviction

Overseas macro market information:

【Surging higherJapan's rice price rose by 98.4% in April, marking the highest increase since 1971.

The Ministry of Internal Affairs and Communications of Japan announced that the data shows,In April, Japan's consumer price index excluding fresh food was 110.9, up 3.5% year-on-year. Among this, the rice category surged by 98.4% compared to the same period last year. This marks the largest increase since comparable data became available in 1971 and represents the seventh consecutive month of record-breaking growth.

【The EU will cancel the tariff-free policy for Ukrainian agricultural products.】 

The spokesperson for the European CommissionOn the 22nd, it was stated that the EU will not extend the wartime "autonomous trade measures" implemented since 2022, which exempted Ukrainian agricultural products from tariffs. The EU spokesperson said that the current tariff-free policy for Ukraine will expire on June 5th, and from June 6th, agricultural trade between the EU and Ukraine will be carried out under the framework of the trade agreement signed by both parties in 2017.

【The European Parliament passes bill imposing tariffs on Russian and Belarussian fertilizers and agricultural products.】 

Local timeOn the 22nd, the European Parliament voted to pass a new tariff bill imposing tariffs on fertilizers and some agricultural products from Russia and Belarus. Specific measures include a basic tariff of 6.5% on fertilizers imported from Russia and Belarus, with an additional tax of 40 to 45 euros per ton to be added during the period from 2025 to 2026. Regarding agricultural products, it was decided to impose a 50% tariff on agricultural products from Russia and Belarus that have not yet been subject to additional tariffs.

【To avoid uncertainty in trade policy, American importers are rushing to build up inventory. "Bonded warehouse" stockpiling Chinese goods

Facing the abuse of export control measures by the US, American importers are accelerating the construction of bonded warehouses to stockpile Chinese goods, demonstrating the high degree of integration between the Chinese and American economies. According to ReutersOn the 21st, it was reported that importers in the United States, from clothing to auto parts, are rushing to build bonded warehouses for all kinds of Chinese imported goods. According to a previous CNN report, bonded warehouses can store imported goods for up to five years. These companies plan to use bonded warehouses to avoid tariffs and the uncertainty brought about by the US government's chaotic trade policies, waiting until the situation becomes clear before taking out the goods and paying tariffs at the latest rate.

【 Korea may hold a third round of trade talks with the U.S. after the general election】 

According to Yonhap News Agency, South Korea may hold a third round of trade talks with the United States after the general election.

【Report: The U.S. Trade Representative will inform the EU.Their proposal is not good enough.

The British Financial Times reported that, according to the information obtained by the US Trade Representative's Office, People familiar with Lille's thinking revealed that Griel is preparing to tell EU counterpartsMaroš Šefčovič, the EU's proposal for trade negotiations did not meet U.S. expectations. The U.S. was dissatisfied with the EU's offer to only mutually reduce tariffs rather than commit to independently lowering them.

【European Central Bank Governing Council member Stournaras: Expected There will be an interest rate cut in June.

European Central Bank Governing Council member Stournaras said that he expects Interest rates will be cut in June and then remain stable.

Price information:

【Central parity rate of RMB against USD】

The central parity rate of the yuan against the dollar is reported.7.1919, down 16 points; the previous trading day's midpoint was 7.1903, the previous trading day's official closing price was 7.2040, and the previous night session closed at 7.2060.

【 Upstream raw material US dollar market prices】

Ethylene Asia:CFR Northeast Asia $780/ton; CFR Southeast Asia $870/ton.

Propylene Northeast Asia: FOB Korea average price $760/ton; CFR China average price $795/ton.

North Asia frozen cargo, propane FAS price540.5-542.5 USD/ton; Butane 514.5-516.5 USD/ton.

South China Frozen Goods June CIF prices: Propane 617-627 USD/ton; Butane 567-577 USD/ton.

Taiwan region frozen cargo CIF price, propane540.5-542.5 USD/ton; Butane 514.5-516.5 USD/ton.

【LLDPE USD market price】

Film:900 USD/ton (CFR Huangpu);

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

【HDPE USD market price】

Thin film:910-930 USD/ton (CFR Huangpu)

The void: It seems there might have been a misunderstanding in the original request as "" translates directly to "middle air" or "center hollow", not "The void". If you meant something else, please provide more context.$865-880 per ton (CFR Huangpu)

【LDPE USD market price】

Film:1040-1060 USD/ton (CFR Huangpu)

【PP USD market price】

Uniform aggregation:970-985 USD/ton (spot);

Copolymerization:980-1060 USD/ton (CFR Huangpu);

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

Transparent:1030-1100 USD/ton (CFR Huangpu), an increase of 15 USD/ton;

Pipe materials:1,160 USD/ton (CFR Shanghai).