Macroeconomics
1. [Excavators] According to statistics from the China Construction Machinery Industry Association, major excavator manufacturers sold a total of 24,794 excavators in May 2026, a year-on-year increase of 36.2%. Domestic sales accounted for 11,628 units (up 38.6% year-on-year), while exports totaled 13,166 units (up 34.2% year-on-year).
2. [Automobiles] According to the China Passenger Car Association (CPCA), retail sales of passenger cars nationwide in May totaled 1.51 million units, down 22.1% year-on-year but up 9.2% month-on-month. Of this total, retail sales of new energy passenger vehicles reached 950,000 units—a year-on-year decline of 7.5% but a month-on-month increase of 12.4%—with a retail penetration rate of 62.9% within the overall domestic passenger vehicle market.
Building Materials
1. [Wood Pulp] Recently, the Pu'er Municipal Bureau of Ecology and Environment announced the technical renovation and expansion project for Yunnan Yunjing Forestry & Pulp Co., Ltd. This project involves a green, low-carbon, and intelligent transformation and upgrade of its facilities—specifically an integrated forestry-pulp-paper operation with an annual capacity of 760,000 tons of chemical pulp—replacing older capacity with new technology.
2. [Waste Paper] On June 8, 2026, Tianjin Nine Dragons Paper raised its waste paper purchase price by 50 RMB/ton, bringing the adjusted delivered-to-factory price to 1,710 RMB/ton.
Zhejiang Shaoxing Huayu Paper raised its waste paper purchase price by 30 RMB/ton; the adjusted delivered-to-factory price (excluding tax invoice) is 1,890 RMB/ton.
Henan Xinxiang Hengli Paper raised its waste paper purchase price by 50 RMB/ton; the adjusted delivered-to-factory price (including standard VAT invoice) is 1,820 RMB/ton.
3. [Glass] Xinyi Ultra-thin Glass (Dongguan) Co., Ltd., which has a designed capacity of 700 tons per day, drained its furnace on June 7.
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