【Overseas News】Chemical Recycling Sector Booms! Midea Invests in New Refrigerator Factory in Brazil; India Intensifies Anti-Dumping Measures Against China

News Digest:

Raw Material News-Polyolefin chemical recycling company raises additional funds3Hundreds of millions of dollars in financing! Factories will be built in three countries.

Car News- The recycled plastic content from15%Phased Increment: The EU Council Determines the Position of End-of-Life Vehicle Recycling Regulations

Packaging News-Danone Canada Company Investment900Million dollars productionPETYogurt Cup

ELECTRONIC NEWS-Midea announced investments in a new refrigerator factory and other projects in Brazil.

Medical News- SannerStart a medical injection molding business in North Carolina, USA

Macroeconomic News-U.S. media: If key facilities are attacked or the supreme leader is assassinated, Iran may develop nuclear weapons.

Price Information-Ethylene Asia:CFRNortheast Asia830 /Ton, rise10 /

Here is the translated content: The following is an overview of international news:

1.VersalisFollowing the launch of the demonstration plant, plans for an industrial-scale chemical recycling project in Italy are underway.

6 19One evening, a major piece of news stirred up a storm in the chemical industry:EniUnder the group's umbrellaVersalisAfter successfully completing the initial production tests at its demonstration chemical recycling plant in Mantua, Italy, the company is forging ahead with plans to build a facility in Priolo with an annual processing capacity of up to4A chemical recycling plant for 10,000 tons of mixed waste plastics is currently in the design phase. The company announced that it has successfully completed initial production tests at a demonstration chemical recycling plant in Mantova, Italy. The rated processing capacity of this demonstration plant is annually.6000 Tons of secondary materials.Versalis and has completed the feasibility study for this larger project.

2.Polyolefin chemical recycling companies gain again3$100 million in financing! Factories will be built in three countries.

US Polyolefin Chemical Recycling CompanyPureCycleAnnounce that it has been obtained3 billion USD in financing, which will be used to complete in2030Year-end recycling and processing50 PPPlastic's capabilities will focus on building chemical recycling facilities in Augusta, Georgia, Antwerp, Belgium, and Rayong, Thailand. This funding was obtained from several equity firms, includingDuquesne Family Office LLC、Wasserstein Debt Opportunities、Samlyn Capital、Pleiad Investment Advisors Sylebra Capital Management。

3.Nova Chemicals (Nova Chemicals Polyethylene film recycling plant officially starts operation

Nova Chemicals Corporation (Nova ChemicalsThe first mechanical recycling factory"Syndigo 1"The factory is located in Connersville, Indiana. It can process annually.14.510,000 bags of plastic film, production exceeds1 Billion pounds of recycled polyethylene (PE), suitable for the food and non-food packaging sectors.Comprehensively equippedPEFilm Mechanical Recycling and High-Quality RegenerationPEProduction capacity。

4.Midea announces investment in new refrigerator factory and other projects in Brazil

Recently,The representative of Midea met with the delegation from Minas Gerais, Brazil.State Government of Minas Gerais, BrazilDuring the meeting in Beijing, four new investment projects for the state were announced, totaling...1.98Billion reais (approximately)2.58billion yuan), and will directly create830This marks a further deepening of Midea's supply chain layout in Latin America, as well as a commitment to long-term investment, sustainable development, and local innovation in the Brazilian market. The new investment will include four new projects: a logistics distribution center.、Weiling Electric Motor Factory、Brazil Midea IndustryEPS New Refrigerator Factory。

5.Warning! India to ChinaTPUThe anti-dumping investigation on paint protection film has been initiated.

Recently, the Directorate General of Trade Remedies of the Indian Ministry of Commerce announced that it shouldGarware Hi-Tech FilmsThe company's application for "thermoplastic polyurethane (TPU)" originating from or exported from China.TPU) Base surface/ Paint Protection FilmThe product has initiated an anti-dumping investigation. The product in question is usually classified under India's...1975"First Schedule of the Annual Customs Tariff Law"39Chapter "Plastics and Articles Thereof" includes the following customs tariff numbers:39095000、39191000、39199010、39199090、39201019、39201099、39206190、39206290、39206919、39206922、39206929、39206939、39206999、39209490、39209912、39209919、39209939、39209991、39209999、39211310、39211390、39211900、39219029、39219099、39269069、39269099The above codes are for reference only and do not limit the scope of the products under investigation.

6.Recycled plastic content from15%Phased Increase: The EU Council Determines Scrappage Scheme Recycling Regulations

The EU's review of end-of-life vehicle regulations stems from the introduction of the EU Green Deal, which aims to promote more circular business models by linking design issues with final disposal.6 17On the day, the EU Council announced that it had established its own position on end-of-life vehicles (ELVRegulatory positioning. This regulation will ensure that the design of new vehicles supports reuse, recycling, and recovery. In addition, the regulation will include mandatory targets for recycled plastics, while establishing the possibility of future targets for recycled steel, aluminum, and critical raw materials. To ensure solid and practical circular benefits, the EU Council has proposed a three-phase minimum content approach for recycled plastics in vehicles.:After the regulations take effect, the6 15%；The regulation will take effect after the first8 20%； After the regulations take effect, the10 25%。

7. SannerLaunch a medical injection molding business in North Carolina, USA.

SannerRecently, it was announced that its new factory in Greensboro, North Carolina, USA, has officially commenced production.60,000 The new facility in square feet is dedicated to producing critical injection molded components for medical devices, pharmaceutical packaging, and desiccant-related products.SannerThe company is1894Founded in Bensheim, Germany, its new facility in Greensboro, North Carolina, USA, marks its first foray into North America, offering medical injection molding services and production of desiccant packaging for the pharmaceutical industry.

8.The American toy giant jointly sues the U.S. President to the Supreme Court.

American toy manufacturerLearning Resources hand2mindRecently, it filed an emergency motion with the Supreme Court, requesting expedited review of the constitutional lawsuit against former President Trump's tariff policies. These tariffs have led to increased import costs for multiple industries, including the toy industry. Two companies are accusing the government of relying on the International Emergency Economic Powers Act.(IEEPA) Overreach in implementing comprehensive tariffs.

9.Danone Canada investment900 Million US dollars productionPETYogurt cup

Danone Canada recently announced that, at its facility located in Boucherville, Quebec,BouchervilleFactory investment900 Ten thousand Canadian dollars, used to start up polyethylene terephthalate (PETLocalized production of yogurt cups. The new packaging will first be applied to the company's leading Greek-style high-protein yogurt brand in the Canadian market.——Oikos。

Overseas macroeconomic market information:

【US media: If key facilities are attacked or the supreme leader is assassinated, Iran may build nuclear weapons.】

According to the American "New York Times"19Japanese media reported that senior U.S. intelligence officials assessed that if the United States decides to attack Iran's Fordow uranium enrichment facility, or if Israel assassinates Iran's Supreme Leader Khamenei, Iran might decide to build a nuclear bomb. The report said that the U.S. intelligence community believes Iran has not yet made a final decision on whether to build a nuclear bomb.

【US media: Concerns that Iran may become“The next Libya”Trump“Postpone for two weeks” Decide whether to order an attack

According to the New York Post of the United States19Japanese media reported that an informed source told the media that U.S. President Trump was cautious about bombing Iran, partly because he was worried that if the Iranian government was overthrown, there would be“Another Libya”, Trump therefore put off his decision on whether to order an attack on Iran for two weeks.

【South Korea imposes temporary anti-dumping duties on sodium bisulfite from China.】

According to the China Trade Remedy Information Network,6 20 Date, South Korea's Ministry of Strategy and Finance issued an announcement, deciding to⾃2025 6 21Starting from the day, a temporary anti-dumping duty is imposed on sodium disulfite originating in China, with Yantai Jinhe Insurance Powder Factory Co., Ltd. and its associated company Yantai Jinhai Chemical Co., Ltd. being subject to a rate of.15.15% Maoming Guangdi Chemical Co., Ltd. and its affiliates and other producers in China/All exporters are33.97%. The measures are valid for four months to2025 10 20

Price information:

【RMB to USD central parity rate】

The central parity rate of the against the US dollar is reported.7.1695Raise34Spot: Previous trading day's mid-price7.1729, the official closing price of the previous trading day7.1882The night session closed at7.1870。

【Upstream raw material USD market prices】

Ethylene Asia:CFRNortheast Asia830 /ton, rising10 / CFRSoutheast Asia850 /

Propylene Northeast Asia:FOBAverage price in South Korea715 /Ton, rise5 / CFRAverage price in China760 /

North Asia frozen cargo delivered price, propane582-584 /Tons; Butane552-554 /

South China frozen goods7 Moonlight to shore price, Propane619-629 /Ton; butane556-566 /

Taiwan region frozen cargo CIF price, propane582-584 /Ton; butane552-554 /

【LLDPEUS dollar market price】

Film915 / CFRHuangpu);

Injection molding:960 / CFR(Dongguan);

【HDPEUS Dollar Market Price】

Film:900-915 / CFRHuangpu);

Hollow:865 / CFRHuangpu);

【LDPEUS dollar market price】

Thin film:1035 / CFRXiamen

【PPUS dollar market price】

Uniform aggregation:890-975 / CFRHuangpu), rising5 /

Co-aggregation:965-990 / CFRHuangpu

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

Transparent:1100 / CFRHuangpu);

Pipe materials:1160 / CFR(Shanghai).