Happy New Year!

1.To celebrate the Chinese New Year. Our factory holiday is from January 16th to February 10th.

2. Chemical fiber prices

3. Recently, the crisis of strikes in the East Coast of the United States has been resolved, the Spring Festival holiday is approaching, and the freight rates of major routes such as Europe and America have fallen, leading to a "price war" in freight rates. The Shanghai Export Container Freight Index (SCFI) ended its sixth consecutive rise and then turned downwards. Data on January 10th showed that SCFI fell 214.49 points to 2290.68 points last week, losing 2300 points, a decrease of 8.56%. The freight rates for both long-distance and near ocean routes have decreased to varying degrees. The European and Mediterranean lines fell 14.42% and 7.21% respectively, with the decline widening; The US West Coast and US East Coast fell 6.3% and 2.94% respectively.

4. On the afternoon of January 12th, the fourth meeting of the International Down Market Committee (IDMC) was held in Frankfurt, Germany. Yao Xiaoman, Vice Chairman of the International Down and Feather Board (IDFB) and Honorary Chairman of the Chinese Badminton Association, and Stephen Palmer, Chairman of IDFB, co chaired the meeting. IDMC aims to communicate market conditions and issues, discuss solutions to cross regional and multi platform quality control, fair competition, and other market issues through regular meetings with national associations, international industry organizations, and testing agency representatives. It strengthens market governance cooperation to achieve the goal of maintaining a fair, sustainable, and healthy market order.

5. On December 27, 2024, the Secretariat of Foreign Trade of the Brazilian Ministry of Development, Industry, Trade and Services (Minist é riodo Desenvolvimento), Indústria,  Com é rcio e Servi ç os/Secretaria de Com é rcio Exterior has issued Announcement No. 80 of 2024, initiating an anti-dumping investigation into synthetic fiber knitted and crocheted fabrics (Portuguese: malhas de poli é ster) originating in China, in response to the application submitted by the Brazilian National Textile Industry Federation Sindicato das Ind ú strias T ê xteis de Malhas e Curtimento de Couros e Peles no Estado de Minas Gerais (SINDIMALHAS) on September 6, 2024. The tax numbers of the products involved in the case in Nanjing are 6004.10.31, 6004.10.32, 6004.10.33, 6004.10.34, 6004.90.30, 6006.31.20, 6006.32.20, 6006.33.20, and 6006.34.20. The dumping investigation period of this case is from January 2023 to December 2023, and the injury investigation period is from January 2021 to December 2023. The announcement shall come into effect from the date of publication. According to Brazilian customs data, Brazil imported $150 million worth of products from China in 2023, a year-on-year decrease of 12.5%.

6. On January 10th, the cutting-edge technology of waterless printing and dyeing was implemented in the Shihezi Textile and Clothing Industry Park. The waterless printing and dyeing technology implemented in Shihezi this time adopts the green non-aqueous combination medium independently developed by Yida Group, replacing water as the dyeing medium, completely avoiding the hydrolysis side reaction of reactive dyes in water bath dyeing. The dyeing fixation rate exceeds 97%, and there is no need for post dyeing water washing, achieving the use of small amounts of water, small amounts of salt, and zero emissions during the dyeing process. According to calculations, the recycling rate of the green non-aqueous composite medium exceeds 99.8%, chemical consumption is reduced by 98%, dyeing water is reduced by 100%, and production efficiency is increased by 50%.