在当地时间10月8日至15日举行的德国杜塞尔多夫国际塑料及橡胶博览会上，来自世界各地的参展商和业内人士纷纷表达了对美国加征关税等贸易措施的担 忧。他们认为，贸易壁垒与地缘政治紧张局势正为全球橡塑产业链带来新的变数，削弱市场信心，并扰乱供应体系的稳定运行。 作为全球规模最大、影响力最广的橡塑行业展会，德国杜塞尔多夫国际塑料及橡胶博览会每三年举办一次，被业内视为产业发展的"风向标"。今年展会期 间，"关税"和"贸易壁垒"成为热议焦点。主办方表示，希望通过展会平台推动国际合作，而非制造隔阂。 法国展商 吉耶尔曼：关税带来了不确定性，也带来了可预见性的缺失，显然这对企业发展形成障碍。我们本就面临供应链和物流方面的困难，我认为贸易 越自由，对所有人就越有利。我们很忧心当前贸易战的走势，希望相关各方能坐下来找到解决方案让商业活动正常进行。 从展会现场的反馈来看，各方普遍对贸易保护主义持批评态度，认为开放与合作仍是橡塑产业持续创新与全球化布局的关键。面对不断变化的国际贸易格 局，业内人士呼吁政策制定者为全球产业链创造更可预期的环境，让创新与可持续发展不再受制于政治动荡。 杜塞尔多夫展览集团公司首席运营官 马睿博：人们在这里 ...

Core Insights - The US manufacturing sector continued to contract in September, with the PMI at 49.1, indicating a seventh consecutive month of contraction despite a slight improvement from August's 48.7 [1][2] - The output index returned to expansion at 51, a significant increase of 3.2 percentage points from August, while the new orders index fell to 48.9, ending a brief expansion [1][2] - Employment in manufacturing remains weak, with the employment index at 45.3, indicating eight months of contraction, as companies resort to layoffs or hiring freezes [1][2] Manufacturing Sector Performance - The manufacturing PMI has been below the neutral mark of 50 for seven months, reflecting ongoing weakness in the sector [2] - Only five out of 18 manufacturing categories reported growth, including petroleum, primary metals, textiles, metal products, and other manufacturing, while 11 sectors, such as wood, plastics, chemicals, transportation equipment, and electronics, reported declines [2] - The overall economic expansion continues, with the PMI reading corresponding to an annualized GDP growth of approximately 1.9% [2] Price and Inventory Trends - The price index for September was 61.9, indicating continued upward pressure on raw material costs, despite a decrease of 1.8 percentage points from the previous month [1] - The inventory index fell to 47.7, suggesting increased pressure on companies to reduce inventory levels [1] - Customer inventories are generally low, which may benefit production in the future, but current business confidence is still affected by tariffs and global trade uncertainties [2]

Group 1 - Zhejiang Xiantong has experienced a significant stock performance, achieving three limit-up days within five trading days, resulting in a cumulative increase of 20.88% and a turnover rate of 42.59% [2] - As of 11:12, the stock recorded a trading volume of 20.12 million shares and a transaction amount of 424 million yuan, with a turnover rate of 7.43% [2] - The latest total market capitalization of the stock in the A-share market reached 6.018 billion yuan [2] Group 2 - The stock was listed on the Dragon and Tiger List due to a cumulative price deviation of 20% over three consecutive trading days, with net purchases from leading brokerage firms totaling 15.17 million yuan [2] - Zhejiang Xiantong Rubber and Plastic Co., Ltd. was established on November 25, 1996, with a registered capital of 270.72 million yuan [2] - The stock's daily performance data shows fluctuations, including a drop of 3.30% on September 25 and a rise of 9.99% on September 23, indicating volatility in trading [2]

Group 1 - The core focus of the company is on the digital transformation of the entire rubber and plastic industry chain, aiming to create an ecosystem of "government guidance + platform empowerment + enterprise application" to accelerate local enterprises' digital transformation [1] - Jing County is a significant hub for hose production and sales in China, with a domestic market share of over 40% for hydraulic reinforced hoses. The establishment of Jing County Intelligent Manufacturing Brain Co., Ltd. in 2024 aims to address the uneven digital transformation levels among local enterprises [1] - The company has provided services to 116 enterprises in Hengshui City through the establishment of a digital transformation promotion center, which is the first of its kind at the county level in the city [1] Group 2 - Hengshui City has implemented a "small, fast, light, and precise" product and solution trial mechanism, customizing the first batch of 76 digital products and solutions for enterprises this year, with nearly 100 enterprises participating in trials [2] - The city encourages enterprises to build unified business system platforms to eliminate information silos between departments and upstream and downstream customers, thereby shortening business flow cycles and forming a fully digital collaborative network [2] - Hengshui City aims to cultivate a provincial-level digital transformation promotion center and establish five digital hospital clinics, targeting over 8,000 enterprises to adopt cloud services [2]

Trading Information Summary - On May 23, 2025, XD Zhejiang Xian (603239) closed at 14.19 yuan, down 0.14%, with a turnover rate of 1.74% and a trading volume of 47,200 shares, amounting to 67.67 million yuan [1] - The fund flow on the same day indicated that the main funds experienced a net outflow of 3.25 million yuan, while speculative funds had a net outflow of 362,500 yuan; in contrast, retail investors showed a net inflow of 3.61 million yuan [1][3] Company Announcement Summary - Zhejiang Xian Tong Rubber and Plastic Co., Ltd. (stock code: 603239) announced participation in the "Looking at State-owned Enterprises in Zhejiang" collective performance briefing for Zhejiang state-owned listed companies, organized by the Zhejiang State-owned Assets Supervision and Administration Commission and Shenzhen Panorama Network Co., Ltd. [1][3] - The briefing is scheduled for May 29, 2025, from 14:30 to 17:15, and will be conducted via video live stream [1][3] - Key personnel attending include Chairman Ye Weiliang and Board Secretary Xiang Qingfeng, with investors able to submit questions for discussion prior to the event [1]

编者按 4月15日，CHINAPLAS 2025中国国际橡塑展在深圳国际会展中心举办。本次展会围绕"变革·协 作·共塑可持续"主题，聚焦循环经济、数字化生产、创新材料及高端科技中国制造，吸引了全球超4500 家企业参展。 从先进材料创新成果、智能制造解决方案到创新科技制品，展会涵盖汽车、电子电气、新能源、包 装等多个应用领域。展期内发布了行业突破性成果，展示了超120项全球或亚洲首发技术，为橡塑生产 提供降本增效的解决方案。 《中国化工报》记者积极参与展会及同期举行的新产品技术发布会等活动，聚焦人工智能、物联互 通、光伏风电、绿氢储能、新能源汽车、锂电等产业，对十余家企业最新成果一探究竟。今日本刊特推 出专题报道，撷取展会部分亮点，供读者参考。 2025橡塑展驱动橡塑产业革新 4月15日至18日，CHINAPLAS 2025中国国际橡塑展在深圳举行。本届橡塑展上，针对行业热门的 绿色转型、智能制造和创新应用议题，参与展会的国内外展商纷纷拿出最新橡塑产业链解决方案，为行 业未来发展提供驱动力。 绿色转型：循环经济重塑产业生态 在全球气候危机与碳中和目标的双重驱动下，可持续发展已成为橡塑行业核心转型方向。从原料替 ...

Group 1: BASF's Investment in China - BASF is increasing its investment in China, with a recent announcement of approximately 500 million yuan for a second facility in Shanghai, expected to enhance production capacity by nearly 70% by 2027 [1] - The expansion reflects BASF's commitment to local markets and customers, emphasizing its role as a leading chemical supplier in the automotive sector [1] - BASF is also advancing its Zhanjiang project and focusing on providing advanced materials for the Chinese automotive market, including lightweight battery components and materials for intelligent driving [1] Group 2: Dow's Growth Strategy in Asia - Dow identifies China as its second-largest global market and the largest overseas market, focusing on sustainable solutions and local partnerships [2] - The company is launching a plastic recycling traceability solution in collaboration with local partners, aiming to meet the upgrading needs of key industries such as consumer goods and automotive manufacturing [2] - Dow's strategy emphasizes operational efficiency and innovation to support sustainable development and the low-carbon transition in the Asia-Pacific region, particularly in China [2] Group 3: Localized Strategies by Other Companies - Aborg is implementing a "local for local" strategy in China, designing and producing automation solutions tailored for local customers [3] - 3M is benefiting from China's improving business environment and plans to enhance collaboration with government and research institutions to accelerate local production and testing processes [3]

Group 1: Event Overview - The "CHINAPLAS 2025 International Rubber and Plastics Exhibition" took place from April 15 to 18 in Shenzhen, attracting over 4,500 exhibitors and an expected audience of over 330,000, including more than 70,000 international visitors [1] - The exhibition saw a significant increase in international participation, with notable attendance from Southeast Asia, Europe, the Middle East, and a 20% year-on-year growth in new domestic customer acquisition [1] Group 2: Company Profile - Meilian New Materials is a high-tech enterprise focused on innovation, aiming to advance breakthroughs in materials science and meet diverse market demands for high-performance, environmentally friendly materials [1] - The company's main products include color masterbatches, melamine cyanurate, battery wet-process separators (base film and coated film), and high-performance pigments [1] Group 3: Subsidiary Information - The subsidiary, Huihong Technology, specializes in high-performance organic dyes and related intermediates, as well as Prussian blue sodium-ion battery cathode materials, and has established long-term partnerships with several renowned domestic and international companies [2] - Huihong Technology has 12 invention patents and 30 utility model patents, and has completed the construction of a 1,000 tons/year capacity for its Prussian blue cathode material project, which is expected to become a new profit growth point [2] Group 4: Future Prospects - Huihong Technology is advancing the full industrial chain of Prussian blue cathode materials for sodium-ion batteries, with expectations for mass production and sales in the second half of the year [3]