Macroeconomics

1. [US Core PCE Price Index] The US core Personal Consumption Expenditures (PCE) price index rose 0.2% month-on-month in July, matching the forecast and up from the previous reading of 0.1%. Year-on-year, the US core PCE index rose 3.3%, in line with the forecast and the previous reading.

2. [South Korea Interest Rates] The Bank of Korea raised its benchmark interest rate from 2.75% to 3.00%, marking a rate hike for the second consecutive meeting, in line with market expectations.

Textile

1. [Polyester Staple Fiber] On August 26, Chuzhou Xingbang lowered its polyester staple fiber prices by 100 RMB/ton; specifically, the price for semi-dull direct-spun 1.4D x 38mm polyester staple fiber was quoted at 8,160 RMB/ton.

2. [Cotton Yarn] On August 26, the pure cotton yarn market in the Henan region saw a slight rise in prices. Prevailing prices: Combed Siro-spun 32S was quoted at 24,800–26,300 RMB/ton (up 200–300 RMB/ton), and Combed compact-spun 60S was quoted at 29,300–32,000 RMB/ton (with the low-end price rising by 300 RMB/ton); actual transaction prices should be taken as the benchmark.

3. [Cotton Lint] China Cotton Reserve Management Co., Ltd. has scheduled the sale of 8,032.2860 tonnes of central reserve cotton (comprising 41 lots) via the National Cotton Exchange Market on August 27.

4. [Cotton Lint] On August 26, China Cotton Reserve Management Co., Ltd. listed 8,034.8560 tonnes of reserve cotton for sale; the entire volume was sold, resulting in a 100% transaction rate. The average transaction price was 17,449.50 RMB/ton—an increase of 22.42 RMB/ton from August 25—with the price for the "3128B" grade equivalent calculated at 18,171.07 RMB/ton.

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