Macroeconomics

1. [US ADP Employment Change] US ADP employment fell by 32,000 in November, the lowest level since March 2023, compared to a forecast of an increase of 5,000 and a previous increase of 42,000.

2. [Eurozone PMI] The final Eurozone Composite PMI for November was revised upward to 52.8, a 30-month high. The Services PMI rose to 53.6, the highest level since May 2023, with new business growth at its fastest pace in 18 months.

Building Materials

1. [Corrugated Paper] Wuzhou Special Paper Industry (Hubei) Co., Ltd. is currently operating at full capacity. Two newly commissioned specialty paper production lines have further enriched the company's product portfolio. Four packaging paper production lines are operating at full capacity, forming a diversified product matrix including corrugated paper, linerboard, yarn tube paper, and corrugated linerboard. Total output is expected to exceed 1 million tons this year.

2. [Glass] On December 2nd, Anhui Anhui High-Tech Co., Ltd. announced plans to upgrade its wholly-owned subsidiary Anhui Anhui Photovoltaic's 900t/d photovoltaic glass production line, with a total investment of 498 million yuan.

3. [Glass] Benxi Fuyao Float Glass Co., Ltd.'s new line (designed capacity 600 tons/day) was ignited on November 29th.

Hubei Yijun Yaoneng New Material Co., Ltd.'s first line (designed capacity 550 tons) ceased feeding on November 29th.

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