Macroeconomics

1. [Energy Sector Land Use Tax] The Ministry of Finance and the State Taxation Administration have adjusted the urban land use tax policy for enterprises in certain energy and resource sectors. For land currently eligible for tax reductions or exemptions under documents such as the *Provisions of the State Tax Bureau on the Levy and Exemption of Land Use Tax in the Electric Power Industry* (Document [89] Guo Shui Di Zi No. 013), the urban land use tax will be levied at half the payable amount from September 1, 2026, to August 31, 2027. Starting September 1, 2027, the tax will be levied at the full rate, and Document [89] Guo Shui Di Zi No. 013 (along with related documents) will be simultaneously repealed.

2. [US Consumer Confidence Index] Data released by The Conference Board on the 28th (local time) shows that the US Consumer Confidence Index stood at 90.8 in July, a decline of 1.4 points from June and a figure below general market expectations.

Textiles

1. [PTA] Sinopec announced its August listed contract price for PTA at 6,200 RMB/ton.

Yisheng Petrochemical announced a provisional settlement price of 5,980 RMB/ton for its July PTA contracts.

Hengli Petrochemical announced a settlement price of 6,020 RMB/ton for its July PTA contracts.

2. [Vinyl cyanide200 RMB/ton to 10,900 RMB/ton; Zhenhai Refining & Chemical and Anqing Petrochemical will uniformly implement this price.

3. [Cotton Lint] China Cotton Reserve Management Co., Ltd. has scheduled the sale of 8,021.8210 tonnes (comprising 31 lots) of central reserve cotton via the National Cotton Exchange Market on July 29.

4. [Cotton Lint] On July 28, China Cotton Reserve Management Co., Ltd. offered 8,006.3920 tonnes of reserve cotton for sale; the entire volume was sold, resulting in a 100% clearance rate. The average transaction price was 17,187.02 RMB/ton—down 88.31 RMB/ton from July 27—with the price for the "3128B" grade equivalent calculated at 17,798.5 RMB/ton.

5. [Cotton Lint] As of July 27, 2026, total cotton inventory in the Zhangjiagang Bonded Zone stood at 44,400 tonnes. Of this, bonded cotton accounted for 36,000 tonnes (up 0.10% year-on-year), and non-bonded cotton accounted for 8,300 tonnes (up 2.42% year-on-year).

6. [Cotton Fabric] In June 2026, China's export volume of cotton fabric reached 570 million meters, up 4.78% month-on-month and 11.98% year-on-year; the export value stood at US$841 million, up 6.86% month-on-month and 16.81% year-on-year.

7. [Cotton Products] In June 2026, China's export volume of cotton products (including cotton-blend products, not limited to pure cotton items) totaled 702,700 tonnes, an increase of 11.82% year-on-year and 6.12% month-on-month; the export volume for the January–June period was 3.8307 million tonnes, up 5.95% year-on-year.

SunSirs has been continuously tracking price data for over 200 commodities for nearly 20 years, please contact support@sunsirs.com for subscription.