SunSirs: Building Materials Industries Bulk Commodity Intelligence (October 14, 2025)

Macroeconomics

1. [Ship] China's Ministry of Transport issued implementation measures for collecting special port fees from US ships. The measures will take effect on October 14, 2025. Starting on that date, eligible US ships berthing at Chinese ports will be charged RMB 400 per net ton. The fee will increase annually over the next three years, reaching RMB 1,120 per net ton in 2028.

2. [Import and Export] According to customs statistics, my country's import and export of goods reached 33.61 trillion yuan in the first three quarters of 2025, a year-on-year increase of 4%. Of this total, exports reached 19.95 trillion yuan, a year-on-year increase of 7.1%, while imports reached 13.66 trillion yuan, a year-on-year decrease of 0.2%. In September, imports and exports totaled 4.04 trillion yuan, a year-on-year increase of 8%.

3. [Federal Reserve] Federal Reserve Chair Paulson stated that she supports two more interest rate cuts this year, each by 25 basis points. Paulson stated that monetary policy should ignore the impact of tariffs on consumer prices because she believes the conditions for tariff-induced price increases to evolve into sustained inflation are not present.

4. [India CPI] India's CPI rose 1.54% year-on-year in September, slightly higher than economists' forecast of 1.5%, but significantly lower than August's 2.07% increase, marking the slowest growth rate in eight years. Weak inflation has reinforced market expectations for a December interest rate cut by the Reserve Bank of India.

Building Materials

1. [Asphalt] On October 14th, the starting price for Dongming 70# A asphalt was 3,380 RMB/ton, with bidding beginning at 10:30 a.m. (settlement based on the actual bid price). A 3 million tons/year atmospheric and vacuum distillation unit was shut down for maintenance, producing approximately 3,000-4,000 tons per day, and is currently shipping normally.

2. [Wastepaper] On October 13th, Nine Dragons Paper in Taicang, Jiangsu Province, increased its wastepaper purchase price by 20 RMB/ton, bringing the adjusted ex-factory price to 1,770 RMB/ton.

Nine Dragons Paper in Quanzhou, Fujian Province, increased its waste paper purchase price by 30 RMB/ton, bringing the adjusted ex-factory price to 1,780 RMB/ton.

Shanying Paper in Jiaxing, Zhejiang Province, increased its waste paper purchase price by 30 RMB/ton, bringing the adjusted ex-factory price without invoice to 1,820 RMB/ton.

3. [Wood Pulp] According to customs data, China's pulp imports in September 2025 reached 2.952 million tons, an 11.3% increase from the previous month and a 10.3% increase from the previous year. The total annual import volume reached 27.061 million tons, a 5.6% year-on-year increase.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.