Macroeconomics

1. [China Warehousing Index] China Federation of Logistics & Purchasing: Driven by the concentrated launch of major national infrastructure projects and a simultaneous recovery in manufacturing supply and demand, warehousing business demand has improved significantly, pushing the index back into expansion territory. In June, the China Warehousing Index stood at 50.2%, up 0.6 percentage points from the previous month.

2. [Eurozone PPI] The Eurozone Producer Price Index (PPI) rose 0.2% month-on-month in May, matching expectations; the previous month's figure was revised from 0.6% to 0.7%.

Building Materials

1. [Wood Pulp] Stora Enso continues to focus on specialty pulp grades; the company will invest €19 million to upgrade fluff pulp production at its Skutskär mill in Sweden to meet the growing demand in the hygiene products market.

2. [Kraft Linerboard] Nine Dragons Paper (Quanzhou Base): Effective July 8, 2026, the price of recycled kraft linerboard will increase by RMB 50 per tonne.

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