Macroeconomics

1. [Federal Reserve] Federal Reserve Governor Waller stated that if upcoming data confirms that inflationary pressures are cooling, he would be inclined to support keeping interest rates unchanged at the Fed's next monetary policy meeting.

2. [US Initial Jobless Claims] US initial jobless claims rose by 2,000 last week to 206,000, slightly above the 205,000 expected by economists. In the first eight months of the year, corporate layoffs (tracked by Challenger) totaled 529,900—the lowest level for that period since 2022—while corporate hiring plans reached their highest level since 2023.

Building Materials

1. [Glass] Guangxi Nanning Float Glass Co., Ltd.: The furnace for its No. 1 production line (designed capacity: 700 tons/day) began cooling down on the afternoon of the 2nd; the specific timing for draining the molten glass remains to be monitored.

2. [Corrugated Paper] Nine Dragons Paper (Quanzhou base): Corrugated paper prices raised by RMB 50/ton, effective September 12.

Nine Dragons Paper (Tianjin and Hebei bases): Corrugated paper prices raised by RMB 50/ton, effective September 14.

Nine Dragons Paper (Taicang base): Corrugated paper prices raised by RMB 50/ton, effective September 10, 2026.

Nine Dragons Paper (Dongguan base): Prices for "Dilong" brand corrugated paper raised by RMB 50/ton, effective September 10.

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