Macroeconomics
1. [Shipbuilding] China announced countermeasures against the restrictive measures imposed by the US under Section 301 on China's shipbuilding and other industries, deciding to collect special port fees on US-related vessels starting October 14.
2. [Automobile] According to data from the China Passenger Car Association, the national passenger car market sold 2.239 million units in September, a year-on-year increase of 6% and a month-on-month increase of 11%. Of this total, new energy passenger car sales reached 1.307 million units, a year-on-year increase of 16% and a month-on-month increase of 17%, with a new energy retail penetration rate of 58.5%.
3. [Federal Reserve] Federal Reserve Governor Waller warned that US job growth may have turned negative in recent months, and the weak labor market has become a major concern for the Fed in formulating policy. He expressed openness to a 25 basis point interest rate cut in the next few meetings.
Rubber and Plastics
1. [HDPE] During this period (September 26th - October 9th), the PE unit lost approximately 178,300 tons due to maintenance.
2. [EPS] On October 11th, the price of standard EPS at Anhui Jiaxi was 8,550 RMB/ton, and the price of flame retardant was 8,750 RMB/ton, a price reduction of 50 RMB/ton. The price is subject to negotiation.
3. [BR] On October 11th, the price of butadiene rubber at PetroChina Northeast Sales Company was reduced by 300 RMB/ton. The current ex-factory price of butadiene in Daqing and Jinzhou is 11,200 RMB/ton, with prices at Northeast warehouses increasing.
4. [SBR] On October 11th, the price of emulsion styrene-butadiene rubber at PetroChina Northeast Sales Company was reduced by 300 RMB/ton. The current ex-factory price of Jilin Petrochemical 1502 is 11,500 RMB/ton, with prices at Northeast warehouses increasing. The current price of Fushun 1502 is 11,500 RMB/ton, with prices at Northeast warehouses increasing.
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