Macroeconomics 1. [US Core PCE Price Index] The US core Personal Consumption Expenditures (PCE) price index rose 0.2% month-on-month in July, matching the forecast and up

Macroeconomics 1. [Reverse Repo] The People's Bank of China (PBOC) announced that it will conduct a 500-billion-RMB Medium-term Lending Facility (MLF) operation on August 25. The

Last week, hot rolled coil futures traded with a fluctuating upward bias, providing a boost to market sentiment and prompting a slight rise in galvanized

Last week, the futures market trended upward amidst volatility, while spot market prices for galvanized steel coils saw steady gains; however, traders reported generally sluggish

Macroeconomics 1. [Automotive] Data from the CPCA (China Passenger Car Association) shows that retail sales of passenger vehicles nationwide totaled 1.461 million units in July, a

Macroeconomics 1. [Monetary Policy] The People's Bank of China (PBOC) has issued its "Reform and Development Plan for the 15th Five-Year Plan Period," alongside nine supporting

Last week, domestic prices for galvanized steel coils and sheets followed a trend of initial decline followed by a rebound, though the overall average price

Macroeconomics 1. [PPI] National Bureau of Statistics: In July 2026, the national producer price index (PPI) for manufactured goods rose by 3.5% year-on-year and fell by

Macroeconomics 1. [Automotive] CPCA: In July, retail sales of passenger vehicles in China totaled 1.506 million units, down 18% year-on-year and 6% month-on-month; cumulative retail sales

Macroeconomics 1. [Reverse Repo] To maintain ample liquidity in the banking system, the People's Bank of China will conduct a 500-billion-RMB outright reverse repo operation on

Macroeconomics 1. [Fed Interest Rates] The Federal Reserve announced that the Federal Open Market Committee (FOMC) has agreed to maintain the target range for the federal

Macroeconomics 1. [Energy Sector Land Use Tax] The Ministry of Finance and the State Taxation Administration have adjusted the urban land use tax policy for enterprises

Price trend Prices for galvanized steel sheets and coils across the country predominantly declined last week. Driven by a continuous drop in raw material futures, spot

Macroeconomics 1. [MLF] The People's Bank of China will conduct a Medium-term Lending Facility (MLF) operation worth 500 billion RMB on July 24. Wind data shows

Price trends Last week, hot-rolled coil futures trended upward amidst fluctuations; market sentiment recovered somewhat, trading activity improved compared to the previous week, and sales volumes

Macroeconomics 1. [LPR] Authorized by the People's Bank of China, the National Interbank Funding Center announced that on July 20, 2026, the Loan Prime Rates (LPR)

Macroeconomics 1. [US-Iran Conflict] Sources revealed that Iran has told Yemen's Houthi rebels to blockade the Bab el-Mandeb Strait if the US attacks Iran's power grid.

Macroeconomics 1. [Boosting Consumption] The State Council has approved the "15th Five-Year Plan for Expanding Consumption." The goal is for the overall scale of the consumer

Price trends Last week, hot rolled coil futures traded with a weak yet stable tone, while prices in some domestic markets saw slight downward adjustments. This