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.

Agricultural and Sideline Products

1. [Soybean Meal] EU data shows that total EU soybean meal imports have decreased by 1% year-on-year so far in the 2025/26 season. Brazil and Ukraine's share has increased, while Argentina's share has decreased.

2. [Sugar] According to the latest assessment by the Thai Sugar Corporation, Thailand's sugar production in the 2025/26 crushing season is expected to increase by 5% to 10.5 million tons.

3. [Palm Oil] Malaysian Palm Oil Board (MPOB): Malaysia’s palm oil exports in September were 1,427,577 tonnes, up 7.69% month-on-month; inventory was 2,360,976 tonnes, up 7.20% month-on-month; imports were 78,413 tonnes, up 33.95% month-on-month; and production was 1,841,159 tonnes, down 0.73% month-on-month.

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