【Overseas Highlights】Trump issues new warning to venezuela! teijin launches recyclable pc traceability project

International News Highlights:

Raw Material News - India will continue to impose anti-dumping duties on "soft foam polyether polyol" imported from Saudi Arabia and the UAE.

Big Company News - $9.7 Billion! Berkshire Hathaway Acquires Chlor-Alkali Chemical Giant OxyChem

Healthcare News - Break Free from Single Supplier Dependence! INBS Builds a Global High-Resilience Medical Device Supply Chain

Automotive News - Teijin Limited Launches Recycled Polycarbonate Material Traceability Proof-of-Concept Project

Macronews - Modi: India is making every effort to bid for the 2036 Olympics.

The price information - the central parity rate of RMB against USD is reported at 7.0230, an increase of 58 points.

Here are the details of the international news:

Trump: If the Venezuelan government does not cooperate with the U.S., a second strike is not ruled out.

On January 4th local time, U.S. President Trump stated that if the current members of the Venezuelan government do not cooperate with his efforts to "rectify" the country, the United States does not rule out the possibility of launching a second military strike against Venezuela.

Trump stated on Air Force One that the U.S. will work with officials still in office in the Maduro regime to combat drug trafficking and revamp the oil industry, rather than immediately pushing for elections. He also warned that if there is no cooperation, the U.S. may take further military action.

In the early hours of the 3rd, the U.S. military launched a large-scale military strike against Venezuela, forcibly taking control of the Maduro couple and bringing them to the United States. On the same day, Trump publicly declared that the United States would "manage" Venezuela and announced that major U.S. oil companies would enter Venezuela, investing billions of dollars to "repair" oil infrastructure and generate profits.

India will continue to impose anti-dumping duties on "soft foam polyether polyols" imported from Saudi Arabia and the UAE.

The Indian Ministry of Finance has extended the anti-dumping duty on imports of polyether polyol used for soft block foam from Saudi Arabia and the UAE until June 17, 2026.

On January 2, 2026, the Ministry of Finance of India announced the extension through Customs (Anti-Dumping) Notification No. 01/2026, revising the anti-dumping notification previously issued in April 2021.

Flexible block foam using polyether polyols (molecular weight range 3000–4000) is a key raw material for the production of polyurethane foam, widely used in furniture, mattresses, automotive seats, and insulation materials. The product in question is classified under the Indian Customs Tariff heading 3907 29.

India Initiates Anti-Dumping Investigation on Nylon-6 Chips and Pellets Involving China

The Ministry of Commerce and Industry of India announced that, upon the application submitted by the domestic company Gujarat Polyfilms Private Limited, an anti-dumping investigation has been initiated on Nylon-6 chips and fibers with a relative viscosity of less than 3 originating in or imported from China and Russia. The products involved in this case fall under the Indian customs code 3908 10 11, as well as certain products under 3908 10 19, 3908 10 21, 3908 10 39, 3908 10 41, 3908 10 49, 3908 10 79, and 3908 90 00. The investigation does not include powdered Nylon-6. The period of the dumping investigation is from July 1, 2024, to June 30, 2025 (12 months), while the injury investigation period covers from April 1, 2021, to March 31, 2022; April 1, 2022, to March 31, 2023; April 1, 2023, to June 30, 2024; and July 1, 2024, to June 30, 2025.

4. $9.7 billion! Berkshire Hathaway acquires chlor-alkali chemical giant OxyChem!

Berkshire Hathaway has completed the acquisition of Occidental's chemical business, OxyChem, for $9.7 billion.

Berkshire and Occidental Petroleum Corporation announced in their respective statements on January 2nd that the acquisition has been completed, and subsequent acquisition price adjustments will be made as usual.

Berkshire stated that Dallas-based OxyChem operates in the United States, Canada, and Latin America. It is one of the top three producers of polyvinyl chloride (PVC), chlor-alkali, and chlorinated organic chemicals in the United States, and is also an important supplier of calcium chloride.

Teijin Limited launches a proof-of-concept project for traceability of recycled polycarbonate materials.

Teijin Ltd. has launched a demonstration application project utilizing the Digital Product Passport (DPP) technology from Circularise B.V., a company based in The Hague, Netherlands. The aim is to achieve traceable management of recycled polycarbonate (PC) resin throughout the supply chain. Through this project, Teijin will verify the feasibility of using the Digital Product Passport to meet compliance requirements of the proposed EU End-of-Life Vehicles Directive.

The core objective of the digital product passport is to provide material procurement companies with conveniently accessible and comprehensive data, including material sources, composition, environmental impact, and disposal recommendations. In this proof of concept, Teijin selected two types of raw materials: one is recycled polycarbonate resin sourced from recovered car headlights, and the other is the Panlite CM series of environmentally friendly composite materials under its umbrella, which are composed of a blend of recycled polycarbonate resin and virgin polycarbonate resin. With the help of the digital product passport, customers can accurately verify whether the materials are sourced from scrapped vehicles, the proportion of recycled content, and various physical performance parameters of the materials.

Japan plans to formulate a circular textile action plan by March.

Japan plans to reduce clothing waste by 25% by the fiscal year 2030, using the level 10 years earlier as a baseline, in order to address the environmental impact of carbon-intensive clothing production. According to UNEP, clothing accounts for 10% of global carbon emissions.

The Japanese government will formulate a new action plan in March this year to more broadly promote the reuse and recycling of clothing. It will also urge local governments, businesses, and residents to work together to reduce textile waste. According to a report by the Japanese Ministry of the Environment, 820,000 tons of new clothes were sold in the Japanese market in 2024, most of which were imported. However, the quantity of clothing collected by second-hand stores and recycling services is limited, with an estimated 560,000 tons of clothing being incinerated or landfilled, 90% of which comes from the residential sector.

7. Break Free from Single Supplier Dependence! INBS Builds a Global High-Resilience Medical Device Supply Chain

Intelligent Bio Solutions Inc. (INBS), a medical technology company headquartered in Australia, recently announced a strategic manufacturing partnership with Syrma Johari MedTech Ltd., a medical device engineering and manufacturing service provider based in Jodhpur, India, with over 45 years of industry experience.

This collaboration will support the expansion of production capacity for INBS's intelligent fingerprint drug screening and detection devices, assisting the company in officially entering the U.S. market by 2026. At the same time, this collaboration is also expected to drive long-term profit margin improvement for the company.

Indonesia shoe factory requests 0% tariff on the United States.

Recently, according to reports from multiple media outlets, Indonesian footwear industry insiders believe that the 19% reciprocal export tariff imposed by the United States is still too high. The Indonesian Footwear Association (APIRINDO) is urging the government to reduce the tariff to 0%, or at least to a level significantly lower than that of their competitors.

APRISINDO Executive Director Yoseph Billie Dosiwoda stated that the measures taken by the government led by President Prabowo Subianto and the Coordinating Ministry for Economic Affairs are commendable, but the fight for labor-intensive industries must never cease.

There are reports that the reciprocal tariff agreement between Indonesia and the United States is nearing completion, but it is said that the zero-tariff scheme only applies to tropical resource-based goods. Meanwhile, labor-intensive manufacturing industries still face relatively high tariffs.

Overseas macro market:

[U.S. Secretary of State Rubio: Reserving the Option to "Occupy" Venezuela] On January 4th, U.S. President Trump stated that the United States has "taken control" of Venezuela. U.S. Secretary of State Rubio confirmed on the same day that Trump has multiple options for subsequent actions regarding Venezuela and reserves the option to "occupy" Venezuela. Earlier on the 4th, Rubio, in an interview with American media, stated that the U.S. will continue to target "suspected drug trafficking" vessels and seize sanctioned ships to pressure Venezuelan authorities. Rubio said on a television program that Trump has multiple options for subsequent actions regarding Venezuela and reserves the option to "occupy" Venezuela. Rubio mentioned that if the current Venezuelan leadership makes the "right decision," the U.S. is prepared to cooperate with them, but "will judge them based on their actions."

[Modi: India is making every effort to bid for the 2036 Olympics] According to media reports such as The Times of India and The Hindu, Indian Prime Minister Modi stated on January 4th local time that India is making every effort to bid for the 2036 Olympics. The Hindu reported that Modi, speaking via video conference at the opening ceremony of a national volleyball championship, said, "The 2030 Commonwealth Games will be held in India, and India is also making every effort to bid for the 2036 Olympics, aiming to provide more athletes with the opportunity to participate."

[The State Administration of Taxation Updates and Releases 90 Cross-Border Investment Tax Guides] On January 5, the State Administration of Taxation updated and released 90 "Country (Region) Investment Tax Guides," revising the tax system information for 85 countries (regions) with significant tax system changes in recent years, including the United States, Canada, and France. Additionally, tax guides for five new countries—Portugal, Chile, the Democratic Republic of the Congo, Zimbabwe, and Colombia—were introduced. With this update, the total number of tax guides has increased to 115, covering the primary destinations for Chinese enterprises "going global."

The China-Korea Business Forum was held in Beijing. Jointly organized by the China Council for the Promotion of International Trade and the Korean Chamber of Commerce and Industry, the forum took place on the 5th in Beijing. Korean President Lee Jae-myung, who is on a state visit to China, attended the opening ceremony of the forum. Over 400 attendees, including government officials, business representatives, and experts from both China and South Korea, participated in the forum.

Price Information:

The central parity rate of the RMB against the USD is set at 7.0230, an increase of 58 points; the previous trading day's central parity rate was 7.0288, the official closing price of the previous trading day was 6.9890, and the closing price of the previous night session was 6.9879.

Upstream raw material USD market price

On January 2, CFR Northeast Asia was 745 USD/ton, CFR Southeast Asia was 725 USD/ton.

On January 2, the FOB Korea average price of propylene in Northeast Asia reached 710 USD/ton, and the CFR China average price reached 742 USD/ton.

[LLDPE USD Market Price]

Film: $760/ton (CFR Xiamen);

Injection molding: $890/ton (CFR Yantian).

[HDPE USD Market Price]

Film: $890/ton (CFR Huangpu);

Injection molding: $770/ton (CFR Huangpu);

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

Pipe material: USD 1,000/ton (CFR Huangpu);

[LDPE USD Market Price]

Film: USD 940/ton (CFR Huangpu);

Coating: 1050-1180 USD/ton (CFR Qingdao).

[PP USD Market Price]

Injection molding: 765 USD/ton (CFR Dongguan);

Copolymers: 820-850 USD/ton (CFR Nansha);

Membrane material: 970 USD/ton (CFR Huangpu).

Transparent: USD 1000/ton (CFR Huangpu);

Pipe material: USD 1100/ton (CFR Shanghai).