International Crude Oil Prices Plummet Significantly on October 10

On October 7, 2025, the Mexican Ministry of Economy issued an announcement regarding finished and semi-finished products originating from China.PolycarbonateBoards (Spanish: láminas de policarbonato) madeAnti-dumpingPreliminary affirmative determination, a preliminary decision to impose provisional anti-dumping duties on the products involved. The rate for Jiangxi Polyrise Technology Co., Ltd. is USD 3.6502 per kilogram, while other manufacturers/exporters are subject to a rate of USD 3.6654 per kilogram. The TIGIE tariff codes for the products involved are 3916.90.91, 3920.61.01, 3921.19.91, and 3925.90.99. The measures will take effect from the day following the publication of the announcement and will be valid for four months.

On February 14, 2025, Mexico initiated an anti-dumping investigation on finished and semi-finished polycarbonate sheets originating from China. The period of investigation for dumping is from June 1, 2023, to May 31, 2024, and the period of investigation for injury is from June 1, 2019, to May 31, 2024.

Reported on October 11: Fujian Tianyuan PS ex-factory price reduced by 50-100 yuan/ton, GPPS 635 quoted at 7600 yuan/ton; HIPS 855 quoted at 8300 yuan/ton, actual transaction negotiated. (Factory self-pickup price) Fujian Tianyuan PS device capacity is 120,000 tons/year.

On October 9, TCL Technology (000100) announced that its controlling subsidiary, TCL China Star Optoelectronics Technology Co., Ltd., has completed the acquisition of 80% of the equity of LG Display (China) Co., Ltd. (referred to as "LGDCA") and 100% of the equity of LG Display (Guangzhou) Co., Ltd. (referred to as "LGDGZ") held by LG Display Co., Ltd. and its affiliates. According to the audit by the accountants and the negotiation with the counterparty, the final acquisition amount agreed upon in the transaction agreement is 11.088 billion yuan.

On October 11, international oil prices fell significantly on the 10th. As of the close of trading that day, the price of light crude oil futures for November delivery on the New York Mercantile Exchange dropped by $2.61, closing at $58.90 per barrel, a decline of 4.24%. The price of Brent crude oil futures for December delivery fell by $2.49, closing at $62.73 per barrel, a decrease of 3.82%.