Macroeconomics

1. [PMI] National Bureau of Statistics: In August 2026, the manufacturing Purchasing Managers' Index (PMI) stood at 49.8%, up 0.6 percentage points from the previous month, signaling a recovery in business activity.

2. [Federal Reserve] Fed Chair Warsh delivered his most hawkish speech since 2009 at Jackson Hole, hinting at interest rate hikes if inflation does not subside quickly. Market expectations for a September rate hike rose from 35% to nearly 60%, with forecasts suggesting two potential hikes before March 2027.

3. [ECB] European Central Bank officials issued inflation warnings on the sidelines of the Fed's annual Jackson Hole symposium, leaning toward a September rate hike; meanwhile, the Bank of England maintained a relatively dovish stance, signaling no rush to act.

Building Materials

1. [Paper Cups] The Canada Border Services Agency (CBSA) recently initiated anti-dumping and countervailing investigations into paper cups and paper container products originating from China. The case involves a value exceeding US$100 million. If a preliminary ruling confirms dumping or subsidization, provisional tariffs of up to over 50% could be imposed, affecting nearly 100 Chinese export enterprises.

2. [Corrugated Paper] Linping Circular Technology Development (Guangde) Co., Ltd. recently announced plans for a green, intelligent manufacturing project for bio-based fiber materials with an annual capacity of 1.5 million tons. Upon completion, the project will produce 400,000 tons of PM9 high-strength corrugated base paper, 300,000 tons of PM10 low-grammage recycled linerboard, 400,000 tons of PM11 kraft linerboard, and 400,000 tons of PM12 recycled linerboard.

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