Recently, the Federal Reserve announced a 50 basis point reduction in the target range for the federal funds rate, to a level between 4.75% and 5.00%. This is also the first time in four years that the Federal Reserve has lowered interest rates. This marks the official shift of the United States from the tightest interest rate hike cycle in 40 years since 2022 to a rate cut cycle.

The rapid development of technologies such as 5G communication, the Internet of Things, artificial intelligence (AI), low altitude economy, 3D printing, and the rise of intelligent living and new energy vehicles will constantly increase the market's requirements for material performance, which will promote the innovation and development of the modified plastics industry.