Plant originally planned to provide alternative drop-in feedstock for Böhlen cracker, which is now scheduled for closure in 2027; Dow exploring other opportunities with Mura.
Dow Cancels Europe's Largest Chemical Recycling Plant! Julong Technology Expands to Mexico; International Capital Bets on Ruimo Environmental
International News Guide:
Raw Materials News -Dow Scraps Plan for Chemical Recycling Plant in Germany
Automotive News - First of Its Kind! Julong Technology Opens Overseas Engineering Plastics Modification Plant to Boost Mexico's Automotive Industry
Packaging News -Celebrates Production Milestone of 600 Million PET Bottles in Aseptic Beverage Packaging
Electronics News - Hitachi Considers Selling Its Domestic White Goods Business in Japan
Macro News - Germany Says It Is Working Closely with the US to Ensure Zelensky Can Attend "Trump-Putin Meeting"
Price Information - Ethylene Asia: CFR Northeast Asia $820/ton; CFR Southeast Asia $830/ton
International News Details:
1. Dow Scraps Plan for Chemical Recycling Plant in Germany
2. Effective from September 1! Thailand Issues Mercury Ban, Including Prohibition of Mercury-Catalyzed Polyurethane Production
On August 10, Thai Industry Minister Ekana Pongpan announced that the "Announcement on Prohibiting the Establishment and Expansion of Factories Using Mercury and Mercury Compounds in Production Processes, and Prohibiting the Use of Mercury and Mercury Compounds in Production Processes (2025)" has been officially signed and promulgated. The announcement, which was formally implemented after the cabinet's in-principle approval on December 24, 2024, aims to fulfill Thailand's international commitments under the Minamata Convention, control and phase out the use and emission of mercury from the source, and protect public health and the ecological environment. The announcement will take effect on September 1, 2025.
According to the content of the announcement, the ban covers the whole country and applies to five categories of industrial production processes: chlor-alkali production; acetaldehyde production using mercury and mercury compounds as catalysts; vinyl chloride monomer production; production of sodium/potassium methylate or ethylate using mercury as a catalyst; and polyurethane production using mercury as a catalyst.
3. Clariant Launches New Products, Expands Stabilizer Production Capacity in China
To meet the growing global demand, Clariant has taken a strategic move to make significant progress in its stabilizer product portfolio, combining expanded production capacity in China with innovative applications to enhance performance in artificial turf applications and the medical field. The expansion aims to meet the increasing demand for high-quality stabilizers in Asia and globally.
Clariant's joint venture with Beijing Tiangang Auxiliary Co., Ltd. has successfully completed the chemical commissioning of the second S-EED production line at its plant in Cangzhou, China. The new production line will mainly produce the multi-functional stabilizer Nylostab S-EED.
4. Celebrates Production Milestone of 600 Million PET Bottles in Aseptic Beverage Packaging
Plastics View reported on August 11 that Sidel and Hauser Weinimport celebrated the 15th anniversary of the installation of Germany's first Combi Predis aseptic PET packaging production line. Hauser Weinimport was one of the first companies to adopt Sidel's Combi Predis system for aseptic PET packaging, which uses unique preform dry sterilization technology. After more than 15 years of operation, this production line has perfectly produced over 600 million bottles, providing stable operational support and reliable product quality for manufacturers.
5. SK Chemicals to Sign MoU with Seoul to Promote Circular Recycling of Waste Banners
SK Chemicals announced on August 6 that it will sign a Memorandum of Understanding (MOU) with the Seoul Metropolitan Government to promote the circular recycling of waste banners. This marks the company’s second such agreement this year, following a previous collaboration last month with the Ministry of the Interior and Safety and five local governments. SK Chemicals had also signed a similar recycling agreement with Gunsan City in August last year
6. CTK Bio Unveils Resins to Address Canada’s Single-Use Plastics Ban
With Canada’s ban on single-use plastics now fully enforced, Canadian material science company CTK Bio has introduced an end-to end solutions platform designed to help companies transition away from conventional plastics.Under the federal Single-Use Plastics Prohibition Regulations (SUPPR), products such as checkout bags, cutlery, straws, stir sticks, ring carriers, and polystyrene containers are now banned. CTK Bio says its offerings “present a direct path to compliance,” with sustainable materials designed to meet both regulatory standards and broader ESG goals.
7. First of Its Kind! Julong Technology Opens Overseas Engineering Plastics Modification Plant
On August 11, Nanjing Julong Technology Co., Ltd. successfully established its first overseas production base in Ramos Arizpe, Coahuila, Mexico, marking a milestone in the company's global strategic layout. The production base covers an area of 4,540 square meters and was built with an investment of 10 million US dollars, aiming to deeply integrate into the core circle of Mexico's local automotive industry and provide cutting-edge innovative solutions for this field. It is reported that the factory is located in Phase II of the VYNMSA Industrial Park, with a superior geographical location, adjacent to international automotive giants such as Stellantis and General Motors.
On August 11, Nanjing Julong Technology Co., Ltd. successfully established its first overseas production base in Ramos Arizpe, Coahuila, Mexico, marking a milestone in the company's global strategic layout. The production base covers an area of 4,540 square meters and was built with an investment of 10 million US dollars, aiming to deeply integrate into the core circle of Mexico's local automotive industry and provide cutting-edge innovative solutions for this field. It is reported that the factory is located in Phase II of the VYNMSA Industrial Park, with a superior geographical location, adjacent to international automotive giants such as Stellantis and General Motors.
8. NBF Ingka Group Invests in Plastic Recycling Enterprise Ruimo Environmental, Completes First Circular Economy Investment in China
On August 11, Ingka Investments, a subsidiary of IKEA retailer Ingka Group, announced a growth-stage investment in Shanghai Ruimo Environmental New Materials Co., Ltd. (Ruimo Environmental), a Chinese plastic packaging waste recycling company. Ruimo Environmental focuses on high-quality plastic recycling, using independently developed technologies and processes to convert waste plastics into high-transparency recycled polypropylene (r-PP), which can be used in the production of new products.
9. Hitachi Considers Selling Its Domestic White Goods Business in Japan
According to the latest news from Nikkei Chinese Network, Hitachi is considering selling its domestic white goods business in Japan as part of its efforts to prioritize the development of social infrastructure and digital fields. It has already sounded out acquisition intentions from several companies, including Samsung and LG. The transaction amount is expected to reach 100 billion to several hundred billion yen.
Overseas Macro Market:
Germany Says It Is Working Closely with the US to Ensure Zelensky Can Attend "Trump-Putin Meeting"
According to CCTV News, on August 10 local time, German Chancellor Merz stated that Germany hopes Ukrainian President Zelensky can attend the talks between US President Trump and Russian President Putin in Alaska on August 15.
Australia Will Conditionally Recognize Palestine as a State
Australian Prime Minister Albanese held a press conference today (August 11) and announced that Australia plans to recognize Palestine as a state during the 80th session of the United Nations General Assembly to be held in September this year. Albanese put forward preconditions for recognizing Palestine as a state, requiring the Palestinian National Authority to make commitments including: Hamas has no place in the future Palestinian state, recognizing Israel's right to exist in peace and security, demilitarization, and holding general elections.
Australian Prime Minister Albanese held a press conference today (August 11) and announced that Australia plans to recognize Palestine as a state during the 80th session of the United Nations General Assembly to be held in September this year. Albanese put forward preconditions for recognizing Palestine as a state, requiring the Palestinian National Authority to make commitments including: Hamas has no place in the future Palestinian state, recognizing Israel's right to exist in peace and security, demilitarization, and holding general elections.
New Zealand Says It Is Considering Recognizing Palestine as a State, Will Make Official Decision in September
According to a statement issued by the New Zealand government on August 11 local time, New Zealand's Foreign Minister Peters said that the country is considering recognizing Palestine as a state and will make an official decision in September.
Price Information:
USD/CNY Central Parity Rate
The central parity rate of USD/CNY was quoted at 7.1405, down 23 pips; the central parity rate of the previous trading day was 7.1382, the official closing price of the previous trading day was 7.1826, and the overnight closing price was 7.1799.
Upstream Raw Materials USD Market Prices
Ethylene Asia: CFR Northeast Asia $820/ton; CFR Southeast Asia $830/ton.
Propylene Northeast Asia: FOB Korea average price $740/ton; CFR China average price $770/ton.
North Asia frozen cargo CIF price: propane $505-515/ton; butane $495-505/ton.
South China frozen cargo CIF price for early September: propane $557-567/ton; butane $527-537/ton.
Taiwan region frozen cargo CIF price: propane $505-515/ton; butane $495-505/ton.
LLDPE USD Market Prices
Film: $860-910/ton (CFR Huangpu), down $5/ton;
Injection molding: $940/ton (CFR Dongguan).
HDPE USD Market Prices
Film: $900/ton (CFR Huangpu), down $10/ton;
Blow molding: $855/ton (CFR Huangpu);
Injection molding: $890/ton (CFR Huangpu);
Pipe: $1,025/ton (CFR Huangpu).
LDPE USD Market Prices
Film: $1,085-1,095/ton (CFR Huangpu), up $5/ton;
Coating: $1,280/ton (CFR Huangpu).
PP USD Market Prices
Homopolymer: $910-965/ton (CFR Huangpu), down $10/ton;
Copolymer: $910-965/ton (CFR Nansha);
Film grade: $1,030/ton (CFR Nansha);
Transparent: $1,000-1,055/ton (CFR Huangpu);
Pipe: $1,130/ton (CFR Shanghai).
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