China Increases Tariffs on US Imports from 84% to 125%

According to the news agency, on July 1st, some investors contacted...Zijiang EnterpriseHow are the current orders for the company's aluminum-plastic film products? Will the company expand production lines in the future to increase market share?

Certainly! Here's the translation: "To this," Zijiang EnterpriseOn September 15, the company responded on the investor interaction platform that its subsidiaryShanghai Zijiang New Material Technology Co., Ltd.(hereinafter referred to as "Zijiang New Materials") is specialized in the research and development, production, and sales of aluminum-plastic composite films for lithium-ion pouch batteries.Zijiang New MaterialsOrders are currently normal. Please refer to information disclosure for any updates regarding the expansion of equipment and production lines.

Reported on September 15: Zhejiang Petrochemical's EVA ex-factory listing price increased by 300-650 yuan/ton this week. Reference: Photovoltaic V6110S listed at 11,800 yuan/ton, foaming V6110M listed at 11,500 yuan/ton, and 5110J listed at 10,900 yuan/ton. The EVA plant has an annual production capacity of 300,000 tons. The facility produces photovoltaic V6110S.

Reported on September 15: Lihuayi Refining and Chemical has lowered the ex-factory price of PS by 30 yuan/ton, with the price of terephthalic acid 535 at 7,270 yuan/ton. Lihuayi Lijin Refining and Chemical Co., Ltd. has a total PS production capacity of 200,000 tons per year.

CEO Jim Fitterling this week In a speech at the Stanley Laguna conference, it was stated thatDuring market adjustments, the company's Alberta Path2Zero integrated polyethylene (PE) project may continue to face delays.Dow Chemical Company recently suspended construction of its $11.6 billion net-zero petrochemical project northeast of Edmonton due to "economic uncertainty." Fitchlin stated this week that construction will be delayed until market conditions improve, with the latest developments expected to be announced before the end of the year.

Cui Dongshu, Secretary-General of the China Passenger Car Association, stated that in 2025, the macroeconomy will maintain strong growth. Driven by national policies to promote consumption, the automobile market will continue its robust growth. In August, the overall auto market in China showed a strong performance, with the truck and bus markets experiencing a clear recovery. Due to the slow transmission from retail to wholesale, retail sales in August 2024 were significantly stronger than wholesale, resulting in a slowdown in passenger car retail sales this August, though manufacturer sales growth remained very good. New energy vehicles performed strongly in August, automobile exports continued to strengthen, and changes in manufacturer inventories were minimal. The commercial vehicle market in August showed structural growth driven by new energy, with accelerated electrification in logistics and transportation vehicles as well as in pickup truck models.