Macroeconomics 1. [LPR] As authorized by the People's Bank of China, the National Interbank Funding Center announced that, as of October 20, 2026, the Loan Prime

Last week, the price of the feedstock propylene remained at a high level, driving a continued rise in the price of vinyl cyanide. As of

Macroeconomics 1. [M2] The Central Bank: As of the end of September, the balance of broad money (M2) stood at 359.63 trillion RMB, an increase of

Macroeconomics 1. [PPI] National Bureau of Statistics: In September 2026, the national producer price index (PPI) for manufactured goods rose by 5.0% year-on-year and 1.2% month-on-month.

Macroeconomics 1. [Russia-Ukraine Conflict] On October 11 (local time), Donald Trump announced via social media that the energy war between Russia and Ukraine had entered an

Following the National Day holiday, the vinyl cyanide market saw prices fluctuate upward, driven by strong cost-side factors. As of October 9, mainstream ex-tank prices

Macroeconomics 1. [Monetary Policy] The People's Bank of China (PBOC) held a symposium with foreign financial institutions to solicit their views and suggestions, and to discuss

Macroeconomics 1. [Electricity Consumption] National Energy Administration: In August 2026, total electricity consumption across society once again surpassed the one-trillion-kilowatt-hour mark, reaching 1.0332 trillion kWh—a year-on-year

Macroeconomics 1. [Fed Rate Hike] The Federal Reserve announced a 25-basis-point hike to the target range for the federal funds rate, raising it to 3.75%–4.00%. This

Macroeconomics 1. [Industrial Value Added] National Bureau of Statistics: In August, the value added of industrial enterprises above designated size grew by 5.2% year-on-year in real

Macroeconomics 1. [M2] The People's Bank of China (PBOC): At the end of August, the outstanding balance of broad money (M2) stood at 356.81 trillion RMB,

Macroeconomics 1. [US CPI] US CPI rose 3.4% year-on-year in August, matching both the forecast and the previous reading; it increased 0.4% month-on-month, in line with

Last week, rising supply and weak demand led manufacturers to repeatedly lower their quotes, while the price of the raw material propylene continued to surge;

Macroeconomics 1. [Reverse Repo] The central bank announced that, to better align with the banking system's short-term liquidity needs, the People's Bank of China will conduct

Macroeconomics 1. [Automotive] Data released by the CPCA (China Passenger Car Association) shows that retail sales in the national passenger vehicle market totaled 1.541 million units

Last week, crude oil and propylene prices surged, leading to a significant rise in feedstock costs. Coupled with limited near-term supply growth and a lack

Price trends Overall supply remained tight last week; with enterprise inventories at low levels and quotes generally raised, the market saw a slight rebound. As of

Macroeconomics 1. [Oil & Gas Planning] The NDRC and the National Energy Administration have issued the "15th Five-Year Plan" for Oil and Natural Gas Development. The

Last week, supply from the north increased; meanwhile, downstream users resisted high raw material prices and largely adopted a wait-and-see approach, causing negotiated market prices