SunSirs: Building Materials Industries Bulk Commodity Intelligence (June 15, 2026)

Macroeconomics

1. [M2] Central Bank: At the end of May, the outstanding balance of broad money (M2) stood at 353.67 trillion RMB, up 8.6% year-on-year. The balance of narrow money (M1) was 114.89 trillion RMB, up 5.5% year-on-year. The balance of currency in circulation (M0) was 14.69 trillion RMB, up 11.9% year-on-year. Net cash injection totaled 590.7 billion RMB in the first five months.

2. [RMB Loans] Central Bank: At the end of May, the outstanding balance of RMB loans was 281.02 trillion RMB, up 5.5% year-on-year. RMB loans increased by 9.11 trillion RMB in the first five months.

3. [Aggregate Financing] Central Bank: Preliminary statistics show that the stock of aggregate financing to the real economy stood at 458.81 trillion RMB at the end of May 2026, up 7.7% year-on-year. The cumulative increment of aggregate financing in the first five months of 2026 was 17.48 trillion RMB, 1.16 trillion RMB less than the same period last year. Of this, RMB loans to the real economy increased by 9 trillion RMB, an increase 1.38 trillion RMB smaller than the same period last year.

4. [US-Iran Agreement Reached] Trump stated that an agreement between the US and Iran has been reached; he has fully approved free passage through the Strait of Hormuz and authorized the immediate lifting of the US Navy's blockade on Iran. Pakistani Prime Minister Shehbaz Sharif stated that, following intensive negotiations, a peace agreement between the US and Iran has been reached. Both sides announced an immediate and permanent cessation of military operations across all fronts, and hostilities within Lebanon have also ceased. The official signing ceremony for the agreement will be held in Switzerland on June 19.

5. [US Consumer Sentiment Index] A University of Michigan survey shows that the preliminary US consumer sentiment index for June rose to 48.9 from the record low of 44.8 in May—the first rebound in nearly four months—though it remains at a historically low level.

Building Materials

1. [Wastepaper] On June 12, 2026, Nine Dragons Paper (Quanzhou, Fujian) raised its wastepaper purchase price by 30 RMB/ton; the adjusted price upon delivery to the mill is 1,810 RMB/ton.

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