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.

Rubber and Plastics

1. [PE] On October 10, Shandong Wanhua Chemical switched its 450,000ton full-density unit to produce 7042. Its 350,000ton HDPE unit was shut down for maintenance on September 14 and is expected to resume operation on November 30. Its 250,000 ton LDPE unit is producing 2426H.

2. [EPS] On October 10, Wuxi Xingda's EPS standard material price was 8,750 RMB/ton (including tax), and its flame retardant material price was 8,950 RMB/ton (including tax), a price reduction of 50 RMB/ton. Xingda New Materials has an annual production capacity of 380,000 tons of EPS.

3. [Butadiene Rubber] Jilin Petrochemical's new 50,000ton/year low-smoothness butadiene rubber unit has postponed its trial run until mid-October.

Qilu Petrochemical's 80,000 ton/year high-smoothness butadiene rubber unit will be shut down for maintenance starting October 10, 2025, with a planned shutdown period of approximately 17 days.

Shandong Weite Chemical Co., Ltd.'s 50,000 tons/year high-yield butadiene rubber unit will be shut down starting September 5, 2025, and will restart operations starting October 10, 2025.

4. [Butadiene Rubber] Daqing Petrochemical's 160,000 tons/year high-yield butadiene rubber unit plans to produce approximately 11,700 tons in October 2025.

Yangzi Petrochemical's 100,000 tons/year butadiene rubber unit plans to produce approximately 4,700 tons of dry rubber in October 2025, a significant decrease from 9,600 tons in September.

Jinzhou Petrochemical's 30,000 tons/year high-yield butadiene rubber unit plans to produce 3,100 tons in October 2025.

Qilu Petrochemical's 80,000 tons/year high-yield butadiene rubber unit plans to produce approximately 2,400 tons in October 2025, a decrease from 5,700 tons in September.

Dushanzi Petrochemical's 30,000 ton/year high-yield butyl rubber unit is scheduled to produce approximately 1,300 tons in October 2025.

5. [Styrene-butadiene rubber] Qilu Petrochemical's 230,000 ton/year styrene-butadiene rubber unit is scheduled to produce approximately 23,400 tons in October.

Yangzi Petrochemical's 100,000 ton/year styrene-butadiene rubber unit is scheduled to produce approximately 8,600 tons of dry rubber in October.

Fushun Petrochemical's 200,000 ton/year styrene-butadiene rubber unit is scheduled to produce 2,000 tons in October.

6. [Natural Rubber] On October 10, the natural rubber raw material market in Thailand was stable and rising: tobacco sheets were quoted at 59.80 baht/kg, up 0.20 baht/kg; glue was stable at 53.90 baht/kg; and cup rubber was quoted at 53.95 baht/kg, up 0.25 baht/kg.

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