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.

6. CTK Bio Unveils Resins to Address Canada’s Single-Use Plastics Ban

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.

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:

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).