Macroeconomics

1. [Automobile] China Passenger Car Association (CPCA): According to preliminary monthly data from the China Passenger Car Association, wholesale sales of new energy passenger vehicles nationwide reached 1.5 million units in September, a year-on-year increase of 22% and a month-on-month increase of 16%. From January to September this year, cumulative wholesale sales reached 10.446 million units, a year-on-year increase of 32%.

2. [Logistics Industry Business Climate Index] Data from the China Federation of Logistics and Purchasing shows that China's logistics industry business climate index reached 51.2% in September, up 0.3 percentage points from the previous month. Looking at the sub-indices, total demand for logistics services continued to expand, and the new order index accelerated within the expansionary range.

3. [University of Michigan Consumer Confidence Index] The preliminary reading of the University of Michigan Consumer Confidence Index for October was 55, the lowest since May. The forecast was 54.2, and the previous reading was 55.1.

Energy

1. [Crude Oil] On October 10, international crude oil futures plummeted. The November contract of U.S. WTI crude oil futures settled at $58.90 per barrel, down $2.61, or 4.2%. Brent crude oil futures for December delivery settled at $62.73 a barrel, down $2.49, or 3.8%.

2. [Crude Oil] On October 10, US energy services company Baker Hughes reported that US energy companies cut the number of oil and gas rigs this week, the first reduction in six weeks. Data showed that the total number of US oil and gas rigs, a leading indicator of future production, fell by two to 547 in the week ending October 10. The total number of rigs is 39 fewer than the same period last year, a 7% decrease year-on-year.

3. [Fuel Oil] Data from Enterprise Singapore (ESG) showed that Singapore's fuel oil inventories fell by 892,000 barrels to a two-week low of 23.669 million barrels in the week ending October 8. During the same period, Singapore's light distillate inventories fell by 1.904 million barrels to 11.487 million barrels, while middle distillate inventories rose by 263,000 barrels to 10.06 million barrels.

4. [Shale Oil] PetroChina reports that the Daqing Gulong National Demonstration Zone for Continental Shale Oil has added 158 million tons of proven shale oil reserves, providing key support for breakthroughs in my country's continental shale oil development.

5. [LNG] On October 10, liquefied natural gas prices in Inner Mongolia declined. Inner Mongolia Sentai LNG prices decreased by 410 RMB/ton compared to the previous price adjustment date, with the latest quoted price at 3,790 RMB/ton; Inner Mongolia Shitai LNG prices decreased by 120 RMB/ton compared to the previous price adjustment date, with the latest quoted price at 3,710 RMB/ton; and Xingxing Energy LNG prices decreased by 80 RMB/ton compared to the previous price adjustment date, with the latest quoted price at 3,640 RMB/ton.

6. [Coking Coal] On October 10, online auction prices for coking coal in the Lishi market in Luliang saw mixed results. Low-sulfur coking coal A11, S0.6, and G90 had a starting price of 1,400 RMB/ton and a transaction price of 1,470 RMB/ton, a 20 RMB/ton increase from the previous trading day on September 29. High-sulfur lean coal A10.5, S2.0, and G72 had a starting price of 1,000 RMB/ton and an average transaction price of 1,029 RMB/ton, a 21 RMB/ton decrease from the previous trading day on September 29.

7. [Petroleum Coke] On October 10, Yatong Petrochemical's 4A petroleum coke price was 1,720 RMB/ton, a 20 RMB/ton increase from the previous trading day. The sulfur content was 4.3%. The delayed coking unit has a capacity of 1.2 million tons/year and a daily output of 850 tons.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.