Macro

1. Industrial enterprise profits: National Bureau of Statistics: From January to July, industrial enterprises above designated size in China achieved a total profit of 40203.5 billion RMB, a year-on-year decrease of 1.7%. Among them, the mining industry achieved a total profit of 493.09 billion RMB, a year-on-year decrease of 31.6%; The manufacturing industry achieved a total profit of 3,023.58 billion RMB, an increase of 4.8%; The total profit of the electricity, heat, gas, and water production and supply industries reached 503.68 billion RMB, an increase of 3.9%.

2. Total logistics volume: The China Federation of Logistics and Purchasing has revealed that by 2025, the total logistics volume of the whole society is expected to reach 380 trillion RMB, with an increase of about 80 trillion RMB in five years. The total revenue scale of China's logistics industry continues to expand, with a growth of about 4 trillion RMB over the past five years. It is expected to exceed 14 trillion RMB by 2025, and the market size is expected to rank first in the world for 10 consecutive years.

3. US tariffs: Trump claims that trade agreements between the US and the EU, Japan, and South Korea have been completed. Trump also stated that he will soon impose "very high" tariffs on imported furniture, which will be implemented "soon". Hope to revitalize the furniture manufacturing industry in North Carolina and South Carolina. He hinted at the possibility of imposing tariffs as high as 200%, stating that tariffs of 100% or 200% would prevent other countries from dominating the furniture industry.

4. US Consumer Confidence Index: The US Consumer Confidence Index fell 1.3 points to 97.4 in August. Among them, the consumer evaluation index of current business and employment market conditions decreased by 1.6 points to 131.2.

5. Durable goods orders in the United States: Durable goods orders in July decreased by 2.8% compared to the initial value, with an expected decrease of 3.8% and a previous decrease of 9.4%.

Rubber and plastics

1. SBR: On August 26th, CPC Northeast Sales Company raised the price of emulsion polymerized SBR by 200 RMB/ton: currently, Jihua 1502 is quoted at 12,500 RMB/ton, and the Northeast warehouse has raised the price; Fushun 1502 is quoted at 12,500 RMB/ton, and the Northeast warehouse has raised the price.

2. BR: On August 26th, BR market in East China rose. Currently, the mainstream prices for Daqing, Yangzi, and Qilu BR are around 12,100-12,400 RMB/ton; some private brands are around 11,850-12,100 RMB/ton.

3. Natural rubber: On August 26th, the market for natural rubber raw materials in Thailand's production areas rose: cigarette chips were reported at 62.200 baht/kg, up 0.20 baht/kg; Glue price is 55.45 baht/kg, up 0.20 baht/kg; The price of cup glue is 52.75 baht/kg, an increase of 0.25 baht/kg.

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