Macroeconomics

1. [Small and Medium Enterprise Development Index] According to the China Association of Small and Medium Enterprises, China's Small and Medium Enterprise Development Index (SMEDI) was 89.1 in August, up 0.1 point from the previous month and higher than the same period last year.

2. [E-commerce Logistics Index] The China Federation of Logistics and Purchasing announced that China's e-commerce logistics index was 112.3 points in August, up 0.3 point from the previous month, continuing to hit a new high for the year. The e-commerce logistics index has risen for six consecutive months.

3. [US PPI] Data released by the US Bureau of Labor Statistics showed that the US PPI fell 0.1% month-on-month in August, the first negative result in four months, contrary to expectations of a 0.3% increase. It also rose 2.6% year-on-year, contrary to expectations of a flat 3.3%.

4. [Swiss National Bank] Swiss National Bank President Schlegel stated that the central bank would not shy away from lowering borrowing costs below zero if necessary. With only two weeks left before the quarterly interest rate decision, Schlegel emphasized that he and his colleagues are ready.

Rubber and Plastics

1. [Butyl Rubber] It is reported that the Ministry of Commerce has decided to extend the anti-dumping investigation into imports of halogenated butyl rubber originating in Canada, Japan, and India to March 14, 2026.

2. [HDPE] On September 4, Guangxi Petrochemical's 400,000 tons/year high-density polyethylene (HDPE) unit successfully completed a powder test run of the extrusion granulator system, producing qualified high-density polyethylene pellets.

3. [Butadiene Rubber] As of the week of September 10, 2025, the inventory of domestic butadiene rubber sample companies was 34,500 tons, an increase of 2,600 tons from the previous cycle, an 8.15% increase from the previous week.

4. [Butadiene Rubber] On September 9, PetroChina Northeast Sales Company reduced the price of butadiene rubber by 200 RMB/ton. The current ex-factory price of butadiene in Daqing and Jinzhou is 11,900 RMB/ton, with prices in Northeast China rising.

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