The Recycled Materials Association (ReMA) and the Association of Plastic Recyclers (APR), both based in Washington, recently released updates to ReMA’s ISRI Specifications and the APR Model Bale Specifications. The organizations say that after a “collaborative development process,” the specifications were approved by both of their boards of directors.
Saudi Aramco Makes Big Profits! US Recycled Plastic Specifications Updated
International News Guide：
Policy News: Global Plastics Treaty Talks Set to Resume in Geneva
Recycling News: ReMA and APR Update Recycled Plastic Specifications
Automotive News: EPP Loop: New Initiative for Recycling EPP Foam
Equipment News: Reel Power Delivers "World's Largest" Plastic Pipe Coiler
Macro News: Saudi Aramco CEO: Market Fundamentals Remain Strong
Price Information: RMB/USD Central Parity Rate at 7.1366, Up 29 Pips
Details of International News：
1. ReMA and APR Update Recycled Plastic Specifications
2. Global Plastics Treaty Talks Set to Resume in Geneva
Eight months after failing to reach a consensus, the global plastics treaty talks led by the United Nations (UN) will resume in Geneva, Switzerland on Aug. 5. For 10 days from Aug. 5 to Aug. 14, delegations from 179 countries will participate as they meet at the Palais des Nations in Geneva, alongside an estimated 1,900 other participants from 618 observer organizations including scientists, environmentalists, and industry representatives.
3. Versalis and Acea Ambiente Collaborate to Promote Circular Plastic Recycling
Versalis, the chemical company of Eni, and Acea Ambiente, a subsidiary of Acea, signed a Memorandum of Understanding (MoU) in the field of integrated waste management and energy recovery, signed by Versalis CEO Adriano Alfani and Acea Ambiente CEO Gabriele Di Cintio. This agreement marks the start of a collaboration focused on promoting a circular economy through joint recycling programs, recovering value from post-consumer and post-industrial plastics.
4. EU Court Upholds Ruling to Revoke Carcinogenic Classification of Titanium Dioxide
Titanium dioxide, a white pigment, is widely used in coatings, pharmaceuticals, food, toys, and other products. In 2016, France's National Agency for Food, Environmental and Occupational Health Safety (ANSES) submitted a proposal to the European Chemicals Agency (ECHA), suggesting classifying titanium dioxide as a carcinogen when exposed via inhalation. In 2017, ECHA's Risk Assessment Committee (RAC) adopted the opinion, confirming the scientific basis for this classification. Based on this, the European Commission adopted a regulation in 2019, implementing a classification and labeling system for titanium dioxide—specifically stipulating that when powder contains 1% or more particles with a diameter ≤10 microns, the substance is classified as a "suspected human carcinogen by inhalation." Several titanium dioxide producers, importers, downstream users, and suppliers subsequently filed lawsuits with the General Court of the EU, challenging this classification standard.
5. EPP Loop: New initiative for recycling EPP foam
General Industries Deutschland GmbH (GID), based in Kassel, Germany, is calling for active participation in the circular economy for expanded polypropylene (EPP). With its new platform, EPP Loop,' the company aims to give impetus to the circular economy for EPP in Europe. The voluntary initiative aims to return EPP waste to the recycling loop in a resource-saving and climate-friendly manner in collaboration with manufacturers, processors, end users, logistics providers and recyclers.
The initiative is based on a take-back and recycling system in which companies along the entire value chain actively participate on a voluntary basis. Its vision is to collect and recycle 75 per cent of all EPP waste generated in Germany by 2030.
6. Lithium-Ion Battery Recycling Market to Hit $38.21 Billion by 2030, Driven by EV Boom & E-Waste Recovery
The global lithium-ion battery recycling market is on a high-growth trajectory, poised to jump from a valuation of $1.33 billion in 2020 to an impressive $38.21 billion by 2030, expanding at a staggering CAGR of 36.0% from 2021 to 2030.
7. Reel Power Delivers 'World's Largest' Plastic Pipe Coiler
Houston-based Reel Power Marine & Energy built the world's largest thermoplastic pipe coiler to meet growing global demand for high-capacity pipe in the energy infrastructure market.
8. Global Plastics Treaty calls intensify as microplastics linked to health impacts
With INC-5.2 kicking off tomorrow, WWF and the University of Birmingham underline its importance by linking micro and nanoplastics (MnPs) to various environmental and human health impacts, ranging from disrupted food production to cancer and infertility.
Microplastics (typically defined as plastic fragments smaller than 5 millimetres in size) and nanoplastics (fragments smaller than 1 micrometre, or 1/1000th of a millimetre) leach into the environment from plastic products such as packaging. Most are said to be secondary particles, formed as larger pieces of plastic degrade over time.
Overseas Macro Market Information:
【Saudi Aramco CEO: Market Fundamentals Remain Strong】
Saudi Aramco CEO: Market fundamentals are "still strong." Global oil demand is expected to increase by more than 2 million barrels per day in the second half of the year compared to the first half.
【Saudi Aramco's Q2 Total Revenue Exceeds Expectations】
Saudi Aramco's Q2 total revenue was 407.14 billion riyals, compared to an estimate of 378.98 billion riyals. Q2 operating profit was 167.09 billion riyals, vs. an estimate of 180.4 billion riyals. Q2 net profit was 85.63 billion riyals, vs. an estimate of 89.34 billion riyals.
【BP's Q2 Adjusted EBITDA Exceeds Expectations】
BP's Q2 adjusted EBITDA was $5.25 billion, compared to an estimate of $4.6 billion. Q2 adjusted EBITDA from oil production and operations was $2.26 billion, vs. an estimate of $2.27 billion. Q2 adjusted EBITDA from natural gas and low-carbon energy was $1.46 billion, vs. an estimate of $1.26 billion. Q2 adjusted net profit was $2.35 billion, vs. an estimate of $1.76 billion.
【Indonesia's Q2 Economic Growth Accelerates Unexpectedly, Exporters Rush Shipments Before Tariff Measures Take Effect】
Indonesia's statistics bureau announced on Tuesday that gross domestic product (GDP) grew 5.12% year-on-year in the three months ending June, exceeding the median forecast of 4.8%. The economy grew 4.04% quarter-on-quarter in Q2, higher than economists' forecast of 3.69%. The export sector of Southeast Asia's largest economy grew, benefiting from advance shipments before the implementation of US tariffs. The US tariff rate on Indonesia has been reduced from the threatened 32% to 19%.
【1-Year USD/Onshore RMB Swap Point Hits 10-Month High, Boosted by Narrowing Domestic-Foreign Interest Rate Spread】
The 1-year USD/onshore RMB swap point hit a 10-month high on Tuesday, continuing Monday's sharp rebound. According to multiple traders, the narrowing of domestic and foreign interest rate spreads since last Friday has pushed swap prices higher, with supply and demand temporarily finding a balance below last year's highs. Traders said that since July, Chinese major banks have reduced their one-way USD selling in 1-year swaps, and price fluctuations have begun to be more affected by domestic and foreign interest rates and exchange rate expectations.
Price Information:
【RMB/USD Central Parity Rate Hits Highest Since November 6, 2024】
The RMB/USD central parity rate was reported at 7.1366, up 29 pips; the previous session's central parity rate was 7.1395, the previous session's official closing price was 7.1766, and the previous night's closing price was 7.1800.
【Upstream Raw Material USD Market Prices】
Ethylene Asia: CFR Northeast Asia $820/ton; CFR Southeast Asia $830/ton.
Propylene Northeast Asia: FOB Korea average $730/ton; CFR China average $765/ton.
North Asia frozen cargo CIF price: propane $502-504/ton; butane $472-474/ton.
South China frozen cargo CIF price for early September: propane $546-556/ton; butane $516-526/ton.
Taiwan region frozen cargo CIF price: propane $502-504/ton; butane $472-474/ton.
【LLDPE USD Market Prices】
Film: $870-915/ton (CFR Huangpu); Injection molding: $940/ton (CFR Dongguan).
【HDPE USD Market Prices】
Film: $910/ton (CFR Huangpu); Blow molding: $855/ton (CFR Huangpu); Injection molding: $890/ton (CFR Huangpu); Pipes: $1030/ton (CFR Huangpu).
【LDPE USD Market Prices】
Film: $1075-1095/ton (CFR Huangpu); Coating: $1280/ton (CFR Huangpu).
【PP USD Market Prices】
Homopolymer: $910-965/ton (CFR Huangpu); Copolymer: $920-965/ton (CFR Nansha), down $10/ton; Transparent: $1000-1055/ton (CFR Huangpu); Pipes: $1160/ton (CFR Shanghai).
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