Macroeconomics

1. [Bulk Solid Waste] The State Council issued the "Comprehensive Solid Waste Management Action Plan," proposing that by 2030, the annual comprehensive utilization of bulk solid waste will reach 4.5 billion tons, and the annual recycling volume of major renewable resources will reach 510 million tons. Outdated production capacity will be eliminated in accordance with laws and regulations. In principle, no new beneficiation projects without self-owned mines and supporting tailings utilization and disposal facilities will be approved. The plan focuses on comprehensive management across the entire chain in major waste-generating areas such as industry, urban areas, and agriculture and forestry.

2. [Federal Reserve] Philadelphia Fed President Anna Paulson believes that a modest further interest rate cut may be possible later in 2026, but this depends on a favorable economic outlook. Paulson estimates that current policy remains "slightly restrictive," which helps maintain downward pressure on inflation.

Plastics and Rubber

1. [PA6] On December 31, 2025, the Indian Ministry of Commerce and Industry announced that, at the request of domestic Indian companies, it has initiated an anti-dumping investigation into nylon 6 chips and granules with a relative viscosity of less than 3, originating from or imported from China and Russia. This investigation does not include powdered nylon 6. The dumping investigation period for this case is from July 1, 2024 to June 30, 2025 (12 months), and the injury investigation period is 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.

2. [PE] On January 4th, Maoming Petrochemical's #1 LDPE unit switched to producing 951-000; the #2 LDPE unit has started production of 2426K; the full-density unit is producing 7042; the HDPE unit began a major overhaul on November 24th and is scheduled to restart on January 31, 2026. Maoming Petrochemical's LDPE (South China Branch) 2426H is quoted at 8,400 RMB/ton, a decrease of 150 RMB/ton.

3. [PE] On January 4th, Shandong Wanhua Chemical, East China region: LLDPE 7042 is quoted at 6,600 RMB/ton, an increase of 100 RMB/ton; LLDPE 7050 is quoted at 6,700 RMB/ton, an increase of 100 RMB/ton; LDPE 2420H (price includes pallets) is quoted at 8,365 RMB/ton, an increase of 250 RMB/ton.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.