Brazil’s Anti-Dumping Ruling on China’s Nylon Yarn Takes Effect! Haier India Sells Equity Stake; Trump Administration Pushes for Battery Industry Subsidies

International News Guide：

Raw Material News - Brazil Issues Final Ruling on the Second Anti-Dumping Sunset Review of Nylon Yarn Involving China

Automotive News - US Media: To Reduce Reliance on Chinese Supply Chains, the Trump Administration Pushes for Subsidies to the Battery Industry

Electronics News - Haier India Sells 49% Equity Stake

Other News - Microplastic Prevention and Control Upgraded Again! Spain’s Pipeline Manufacturer Molecor Renews OCS Europe Certification

Macroeconomic News - Zelensky Says He Will Meet with US President Trump in the Near Future

Price Information - CNY/USD Central Parity Rate Rises 34 Pips to 7.0358, Hitting a New High Since September 30, 2024

International News Details：

1.Japan Develops Microplastic-Free Plastics

Japanese researchers have developed a new type of plant-based plastic, which they claim can fully degrade in seawater without leaving any microplastic residues.

The material is made from plant cellulose—the most abundant organic compound on Earth. Researchers stated that this material can also decompose in other natural environments, without polluting the soil or causing harm to animals and plants.

2.Microplastic Prevention and Control Upgraded Again! Spain’s Pipeline Manufacturer Molecor Renews OCS Europe Certification

Spain-based pipeline manufacturer Molecor has renewed the OCS Europe certification for all its production bases in Spain in accordance with the Operation Clean Sweep (OCS) voluntary initiative.

This move once again demonstrates the company’s commitment to sustainable development and its responsibility to protect the ecological environment from microplastic pollution. By renewing this certification, Molecor further reaffirms its firm determination to responsibly manage production processes and protect ecosystems, especially the marine environment.

Molecor’s production bases in Spain have strictly complied with the standards of the OCS Europe certification system for many years, adopting best practices in the production of PVC pipes and fittings to effectively prevent accidental leakage of plastic pellets into the environment. The certification program helps enterprises anticipate and prepare for regulatory requirements related to pellet leakage, thereby reducing microplastic pollution.

3.RadiciGroup, Lycra and Triumph Cooperate to Break Through the Recycling Challenge of Mixed-Fiber Clothing

Recycling clothing made from mixed fibers has long been one of the most complex challenges facing the textile industry. Due to the lack of effective separation technologies, many products can only be sent to landfills or incinerated at the end of their service life.

However, a new collaboration between RadiciGroup, Lycra Company and intimate apparel specialist Triumph has now proven that this challenge can be overcome. Radici InNova, the research and innovation-focused division of RadiciGroup, has developed an advanced recycling process based on selective dissolution technology.

This process can successfully recover nylon and elastane from mixed textile waste. Clothing items that typically combine multiple fiber types and were previously considered non-recyclable, such as swimwear, pantyhose and leggings, can now be processed using this technology.

4. XibeiYou Rollers Obtains Covestro Vulkollan® Brand Authorization

Suzhou XibeiYou Rollers Co., Ltd. (hereinafter referred to as "XibeiYou Rollers") and Covestro—the inventor of polyurethane—jointly held a brand authorization ceremony. Chen Min, Head of Elastomers Division Asia Pacific at Covestro, attended the ceremony in person and formally presented the Vulkollan® material brand authorization certificate to XibeiYou Rollers.

This milestone marks XibeiYou Rollers’ official designation as a strategic partner of Covestro with full authorization for the high-end elastomer material Vulkollan®. The over-decade-long strategic cooperation between the two parties has thus entered a new phase of technology sharing and market co-development.

5.Brazil Issues Final Ruling on the Second Anti-Dumping Sunset Review of Nylon Yarn Involving China

Recently, the Executive Management Committee of the Foreign Trade Chamber of Brazil (GECEX) issued Resolution No. 828 of 2025, announcing the affirmative final ruling on the second anti-dumping sunset review of nylon yarn (Portuguese: fios têxteis de filamentos contínuos de náilon) originating from the Chinese mainland, South Korea and the Taiwan region of China.

The ruling decides to continue imposing anti-dumping duties on the involved products for a period of 5 years, with the following rates respectively: $167.98–$1,860.68 per ton for the Chinese mainland, $77.85–$2,085.16 per ton for South Korea, and $159.91–$2,583.01 per ton for the Taiwan region of China.

The products involved in this case fall under the Mercosur tariff codes 5402.31.11, 5402.31.19 and 5402.45.20. The anti-dumping measures in this case shall not apply to the mainland Chinese enterprise Yiwu Huading Nylon Co., Ltd., and the Taiwan region enterprises LeaLea Enterprise Co., Ltd. and Li Peng Enterprise Co., Ltd. The resolution shall take effect as of the date of issuance.

6.US Media: To Reduce Reliance on Chinese Supply Chains, the Trump Administration Pushes for Subsidies to the Battery Industry

According to a report by the Global Times, the US government is quietly adjusting its energy policies to address China’s leading position in the battery sector.

The New York Times reported on the 23rd that after taking office, the Trump administration froze billions of US dollars in federal grants for battery manufacturing initiated by the Biden administration, but is now secretly pushing for subsidies to the battery industry in an attempt to reduce reliance on Chinese supply chains.

7. Haier India Sells 49% Equity Stake

Recently, Haier India—a wholly-owned subsidiary of Haier Smart Home—plans to optimize its equity structure. Haier Smart Home will transfer a total of 49% equity stake in Haier India to India’s Bharti Group and US-based Warburg Pincus.

Upon completion of the transaction, Haier Smart Home will still hold a 49% equity stake, and the remaining 2% equity stake will be included in the medium and long-term incentive plan of the local management team. The company will remain the largest single shareholder of Haier India, with no changes to its dominant control over core operations.

Overseas Macro Market

[Saudi Arabia Launches Air Strikes on Yemen]

According to sources from Yemeni security officials and local media, Saudi Arabia launched air strikes on military positions affiliated with the Southern Transitional Council in Hadhramaut Province, southeastern Yemen, on the 26th.

[Zelensky Says He Will Meet with US President Trump in the Near Future]

On local time December 26, Ukrainian President Volodymyr Zelensky posted a message on social media stating that Oleksiy Danilov, Secretary of the National Security and Defense Council of Ukraine, has reported to him on the latest contacts with the US side.

Zelensky said that he will hold a top-level meeting with US President Donald Trump in the "near future". He emphasized that the two sides have reached a clear consensus on holding the meeting in the near future, and he predicts that "many things may be resolved before the New Year".

[BOJ Adopts Cautious Policy Path; Bearish Sentiment on Yen Grows Louder for 2026]

The Bank of Japan’s (BOJ) latest interest rate hike failed to provide sustained support for the yen, fueling growing bearish sentiment on the currency in the market. This has further reinforced the view that the structural weakness of the yen cannot be resolved quickly.

Strategists at institutions such as JPMorgan Chase and BNP Paribas believe that affected by factors including the still wide US-Japan interest rate differential, negative real interest rates and continuous capital outflows, the yen-to-dollar exchange rate will drop to 160 or lower by the end of 2026.

They pointed out that this trend is likely to continue as long as the BOJ only tightens monetary policy gradually and inflation risks triggered by fiscal stimulus persist.

[Announcement: CCPIT to Hold December Regular Press Conference on December 29]

The China Council for the Promotion of International Trade (CCPIT) is scheduled to hold its December regular press conference at 14:30 on Monday, December 29.

The conference will cover the preparation progress of the 4th China International Supply Chain Expo, the achievements of organizing Chinese entrepreneur delegations to visit the US, the preparation of business-related activities for the APEC "China Year", initiatives to promote the joint construction of the "Belt and Road", the Global Intellectual Property Protection Index Report, etc., and will answer questions from reporters.

Price Information：

[CNY/USD Central Parity Rate Rises 34 Pips to 7.0358, Hitting a New High Since September 30, 2024]The CNY/USD central parity rate is quoted at 7.0358, up 34 pips. The central parity rate of the previous trading day was 7.0392, the official closing price of the previous trading day was 7.0066, and the overnight closing price was 7.0058.

USD Market Prices of Upstream Raw Materials

Ethylene: $745/ton (CFR Northeast Asia); $725/ton (CFR Southeast Asia)

Propylene (Northeast Asia): Average $710/ton (FOB South Korea); Average $742/ton (CFR China)

Refrigerated cargo CIF prices (North Asia): Propane $553-$555/ton; Butane $608-$610/ton

Refrigerated cargo CIF prices (South China, early January): Propane $583-$593/ton; Butane $573-$583/ton

Refrigerated cargo CIF prices (Taiwan Region): Propane $553-$555/ton; Butane $608-$610/ton

LLDPE USD Market Prices

Film grade: $740/ton (CFR Huangpu)

Injection grade: $870/ton (CFR Huangpu)

HDPE USD Market Prices

Film grade: $870/ton (CFR Huangpu)

Injection grade: $770/ton (CFR Huangpu)

Hollow grade: $795-$805/ton (CFR Huangpu)

Pipe grade: $1,000/ton (CFR Huangpu)

LDPE USD Market Prices

Film grade: $940-$950/ton (CFR Huangpu)

Coating grade: $1,050-$1,180/ton (CFR Qingdao)

PP USD Market Prices

Injection grade: $770/ton (CFR Huangpu)

Copolymer grade: $830-$855/ton (CFR Nansha)

Film grade: $970-$990/ton (CFR Huangpu)

Transparent grade: $1,090/ton (CFR Dongguan, January arrival)

Pipe grade: $1,100/ton (CFR Shanghai)