South Korea Raises Anti-Dumping Duties on Chinese PET Film! Rampf's Tianjin New Base Lands

International News Guide

Raw Material News - Rampf's Tianjin New Base Lands, Targeting High-End Material Market in Asia

Recycling News - GS Caltex Wins Asia's First RecyClass Certification for ELV Plastic Recycling

Building Materials News - Soprema, a Specialist in Sealing Membranes, Builds New Plant in Germany

Other News - Kraiburg Develops Third-Generation TPE Compounds for Fire Safety Applications

Macroeconomic News - MOFCOM Extends Investigation Period for Safeguard Measures on Imported Beef Again

Price Information - CNY/USD Central Parity Rate Stands at 7.0826, Up 21 Pips

Details of International News

1.GS Caltex Wins Asia's First RecyClass Certification for ELV Plastic Recycling

According to The Korea Herald, GS Caltex has become the first company in Asia to obtain RecyClass certification for the end-of-life vehicle (ELV) plastic recycling value chain.

As a European certification system, RecyClass not only assesses the recyclability of plastic materials but also their traceability, and is recognized as the official audit framework by the Circular Plastics Alliance. It is expected that by 2025, this system will cover over 60% of Europe's plastic recycling industry and is widely regarded as an international reference benchmark in the circular plastics sector.

This certification demonstrates that GS Caltex complies with global standards in terms of quality, traceability and transparency throughout the entire ELV plastic recycling process, covering the procurement of waste automotive plastics, as well as the production and sales of composite resins.

2.Bodo Möller Chemie Group Acquires Mexican Enterprise to Expand Market Layout in Mexico

According to Plastmatch, Bodo Möller Chemie Group is expanding its market presence in Mexico by acquiring Bridge Chemical Company (BCC). Headquartered in Chihuahua, BCC has a nationwide sales and service network and rich experience in the technical sales of specialty chemicals.

This acquisition will add sales and technical support capacity to Mexico's core industrial zones.

3.€8 Million Investment in China! Rampf's Tianjin New Base Lands, Targeting High-End Material Market in Asia

Rampf Group is increasing its investment in the Chinese market with a new production base in Tianjin, with a total investment of €8 million (approximately $9.3 million).

This move highlights the group's strong growth momentum in the Asian market and confirms its firm commitment to deepening its presence in the world's most dynamic market and enhancing proximity to customers. Covering an area of 23,500 square meters, the new base is expected to officially start operations in July 2026 and will be built into a one-stop solution center for polyurethane, silicone and epoxy resin-based reactive resin systems.

These high-performance materials are widely used in sealing, potting, bonding and mold manufacturing, serving industries such as automotive, electric vehicles, electrical and electronic, household appliances, and packaging.

4.Soprema, a Specialist in Sealing Membranes, Builds New Plant in Germany

Following the completion of testing and qualification processes and the successful roll-out of the first batch of products, Soprema, a French specialist in roofing and sealing membranes, officially inaugurated a new plant for PVC and flexible polyolefin (FPO) roofing and sealing membranes in Hof/Oberroßbach, Germany, in September.

The company stated that starting from spring 2026, the new plant will supply the full range of plastic membrane products in its portfolio, and will also produce PIR insulation materials, liquid plastics and bituminous waterproofing membranes.

5.South Korea Raises Anti-Dumping Duties on Chinese PET Film

South Korea's trade regulator stated that South Korea has increased anti-dumping duties on polyethylene terephthalate (PET) film imported from two Chinese producers and their affiliated companies, effective November 20, citing the need to protect the market share of domestic Korean enterprises.

The Korea Trade Commission (KTC) announced on November 20 that the additional duty rate on PET film produced by Kanghui New Material Technology Co., Ltd. and its three affiliated companies will be raised from 2.2% to 7.31%.

For products imported from Tianjin Wanhua Co., Ltd., a higher additional tariff will be applied, with the rate increased from 3.84% to 36.98%.

6.Kraiburg Develops Third-Generation TPE Compounds for Fire Safety Applications

With its new FR3 series, KRAIBURG TPE has developed a third-generation fire-retardant compound suitable for environments with extremely high fire safety requirements.

This series fully complies with all requirements of the European railway application standard DIN EN 45545-2. In addition to fire resistance, the FR3 series TPE compounds have other excellent material properties that make them ideal for harsh environments, such as excellent compression set values and higher tear strength.

Since power cables are usually installed with multi-component plastic parts, excellent PP adhesion and processability in standard injection molding and extrusion processes are also crucial.

Overseas Macroeconomic Market

【MOFCOM Extends Investigation Period for Safeguard Measures on Imported Beef Again】

In accordance with the Regulations of the People's Republic of China on Safeguard Measures, on December 27, 2024, the Ministry of Commerce (MOFCOM) issued Announcement No. 60 of 2024, deciding to initiate a safeguard measure investigation into imported beef.

On August 6, 2025, MOFCOM issued Announcement No. 38 of 2025, deciding to extend the investigation period of this case to November 26, 2025. In view of the complexity of the case, MOFCOM has decided to extend the investigation period again to January 26, 2026.

【Russian and U.S. Officials Allegedly Meet in Abu Dhabi】

According to Reuters, CBS News and other media reports citing sources on November 25, U.S. Secretary of the Army Driscoll held talks with Russian officials in Abu Dhabi, UAE, on November 24 local time.

An anonymous U.S. official who disclosed the news said the talks will continue until today, and the specific members of the Russian delegation are not yet clear. The anonymous U.S. official added that Driscoll also plans to meet with Ukrainian officials in Abu Dhabi. The White House has not immediately responded to media requests for comment.

【China's Civil Aviation International Passenger and Cargo Traffic Volume Up Over 20% YoY in October】

According to the Civil Aviation Administration of China, in October, China's civil aviation transportation scale maintained a good growth momentum, with a total turnover of 14.6 billion ton-kilometers completed. The year-on-year growth rates of international route passenger traffic and cargo & mail traffic both exceeded 20%.

In terms of passenger transport, domestic routes completed 60.845 million passenger trips in October, a year-on-year increase of 4.4%; international routes completed 6.99 million passenger trips, a year-on-year increase of 20.4%.

【Did Taiwan-Related Remarks Come Up in Call with Trump? Sanae Takaichi: Details Not Disclosed】

China News Service quoted Kyodo News as reporting that Japanese government sources said U.S. President Donald Trump had a phone call with Japanese Prime Minister Sanae Takaichi on November 25 local time.

When asked whether the two sides discussed her wrong Taiwan-related remarks made in parliament during the call, Sanae Takaichi did not give a clear answer, only stating that "details are inconvenient to disclose".

Price Information

The CNY/USD central parity rate was reported at 7.0826, an increase of 21 pips; the central parity rate of the previous trading day was 7.0847, the official closing price of the previous trading day was 7.1056, and the night session closing price of the previous day was 7.1045.

【Upstream Raw Material USD Market Prices】

Ethylene Asia: CFR Northeast Asia USD 730/ton; CFR Southeast Asia USD 720/ton.

Propylene Northeast Asia: FOB South Korea average USD 695/ton; CFR China average USD 735/ton.

North Asia refrigerated cargo CIF price: Propane USD 509-511/ton; Butane USD 530-532/ton.

South China (China) refrigerated cargo CIF price for early December: Propane USD 558-568/ton; Butane USD 543-553/ton.

Taiwan region refrigerated cargo CIF price: Propane USD 509-511/ton; Butane USD 530-532/ton.

【LLDPE USD Market Prices】

Film: USD 835-855/ton (CFR Huangpu);

Injection Molding: USD 935/ton (CFR Huangpu).

【HDPE USD Market Prices】

Film: USD 880-900/ton (CFR Huangpu);

Injection Molding: USD 815-820/ton (CFR Huangpu);

Blow Molding (Hollow): USD 830/ton (CFR Huangpu);

Pipes: USD 1000/ton (CFR Huangpu).

【LDPE USD Market Prices】

Film: USD 990-1000/ton (CFR Huangpu);

Coating: USD 1190/ton (CFR Huangpu).

【PP USD Market Prices】

Injection Molding: USD 800/ton (CFR Huangpu);

Copolymer: USD 820-860/ton (CFR Nansha);

Film Grade: USD 990/ton (CFR Huangpu);

Transparent Grade: USD 1065/ton (CFR Huangpu);

Pipes: USD 1100/ton (CFR Shanghai).