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Crude Oil Prices Fluctuate Downward; Cost Pressures on Plastic Granules and Downstream Products Ease

Posted:May 28,2026 Categories: News

Since the second quarter of 2025, international crude oil prices have fluctuated within the $70–$80 per barrel range—a decline of approximately 15% compared to the peak levels recorded during the same period last year. Consequently, prices for raw plastic granules—such as polyethylene (PE) and polypropylene (PP)—have stabilized, thereby alleviating production cost pressures on downstream products like plastic bags and packaging materials. Several export enterprises have reported a recent uptick in overseas inquiries, leading to expectations that exports of plastic products are poised for a moderate recovery in the second half of the year.

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Global SPC Flooring Market Size to Exceed $12 Billion in 2025; North America Remains the Largest Import Region

Posted:May 15,2026 Categories: News

According to the latest industry report, driven by demand for residential renovations and commercial flooring upgrades, the global market for SPC (Stone Plastic Composite) flooring is projected to reach $12.2 billion in 2025, with a compound annual growth rate exceeding 9%. Notably, the United States and Canada account for over 45% of the market share, while emerging markets—such as Southeast Asia and the Middle East—are demonstrating significant growth rates. The report highlights that water resistance, zero formaldehyde content, and ease of installation are the core drivers propelling SPC flooring to displace traditional ceramic tiles and solid wood flooring.

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EU Plans to Revise Packaging Waste Directive; Demand for Biodegradable Plastic Bags Expected to Rise Further

Posted:May 15,2026 Categories: News

In June 2025, the European Commission released a draft revision to the *Packaging and Packaging Waste Directive* (PPWD), explicitly mandating that by 2030, all lightweight plastic bags must contain at least 30% recycled material or be made from compostable bio-based materials. Industry insiders anticipate that this move will accelerate the transition from traditional PE plastic bags to biodegradable and recycled alternatives; consequently, Chinese export enterprises need to proactively prepare by securing relevant certifications and expanding production capacity.

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