Macroeconomics

1. [US-Canada Trade] Trade negotiations between the US and Canada collapsed on August 22. Because Canada failed to reach an agreement by the deadline, the US imposed a 50% tariff on select Canadian goods, effective immediately. Canada responded strongly, announcing reciprocal tariffs on $20 billion worth of US goods starting September 8; it criticized the US terms as harsh and detrimental to Canadian sovereignty and core industrial interests, marking a sharp escalation in bilateral trade tensions.

2. [US PMI] The preliminary US S&P Global Manufacturing PMI for August came in at 53.2, versus an estimated 53.9 and a previous reading of 53.9.

3. [Eurozone PMI] The preliminary Eurozone Manufacturing PMI for August was 52.8 (expected 51.8, previous 51.9), while the preliminary Services PMI was 51.7 (expected 51.5, previous 51.7).

Plastics and Rubber

1. [PE] In July 2026, my country's PE imports totaled 523,800 tonnes, down 52.68% year-on-year and up 16.59% month-on-month; PE exports totaled 217,200 tonnes, down 44.91% month-on-month and up 113.64% year-on-year.

2. [EVA] In July 2026, my country's EVA imports for the month stood at 44,600 tonnes, up 70.23% month-on-month and down 12.72% year-on-year; cumulative imports from January to July totaled 284,800 tonnes, down 34.15% year-on-year. EVA exports for the month stood at 40,600 tonnes, down 6.02% month-on-month and up 46.57% year-on-year; cumulative exports from January to July totaled 299,300 tonnes, up 78.37% year-on-year.

3. [SBR] In July 2026, China's imports of styrene-butadiene rubber (SBR) totaled 35,638.43 tonnes, down 10.93% month-on-month; exports totaled 26,884.81 tonnes, down 27.49% month-on-month.

4. [BR] In July 2026, China's imports of butadiene rubber (BR) totaled 13,206.37 tonnes, down 11.48% month-on-month; exports totaled 40,468.34 tonnes, down 16.06% month-on-month.

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