Macroeconomics

1. [Industrial Value Added] National Bureau of Statistics: In August, the value added of industrial enterprises above designated size increased by 5.2% year-on-year in real terms. Month-on-month, the value added of industrial enterprises above designated size increased by 0.37% in August compared to the previous month. From January to August, the value added of industrial enterprises above designated size increased by 6.2% year-on-year.

2. [Power Generation] National Bureau of Statistics: In August, industrial power generation above designated size reached 936.3 billion kWh, a year-on-year increase of 1.6%. The average daily power generation exceeded 30 billion kWh for the first time, reaching 30.2 billion kWh. From January to August, industrial power generation above designated size reached 641.93 billion kWh, a year-on-year increase of 1.5%. Excluding the number of days affected, the average daily power generation increased by 1.9% year-on-year.

3. [US-Japan Tariffs] The Trump administration announced that the import tariff on Japanese cars will be reduced to 15% starting at 00:01 Eastern Time on the 16th (13:01 Japan Time on the 16th).

4. [New York Fed Manufacturing Index] The New York Fed Manufacturing Index fell sharply by 21 points to -8.7 in September, far below market expectations of 5. Both new orders and shipment indicators fell to their lowest levels since April 2024.

5. [European Central Bank] ECB Executive Board member Schnabel said the ECB should maintain current interest rates, as price risks remain tilted to the upside. People familiar with the matter said that unless the eurozone suffers another major shock, interest rates are expected to remain at current levels for some time.

Building Materials

1. [Corrugated Paper] Starting September 13th, Shanying Paper will increase the price of T-paper and tile paper at its Guangdong base by 30 RMB/ton. Starting September 15th, the price of Sequoia and tile paper at its Fujian base will increase by 50 RMB/ton.

Starting September 13th, Zibo Yongfeng Environmental Protection Technology Co., Ltd. will increase the price of corrugated paper, environmentally friendly paper, and kraft paper by 30 RMB.

Starting September 15th, Zhejiang Jinlong Recycling Resources Technology Co., Ltd. and Zhejiang Jinli Environmental Protection Paper Co., Ltd. will increase the current selling price of recycled kraft paper/high-strength corrugated paper by 30 RMB/ton.

Starting September 16th, Jintian Paper (Sichuan) will increase the price of all high-strength corrugated paper produced by Sichuan Jintian Paper Co., Ltd. by 30 RMB/ton.

Starting September 18th, Nine Dragons Paper's Dongguan base will increase prices of Dilong recycled kraftboard, Jianglong recycled kraftboard, Nine Dragons corrugated paper, and Dilong corrugated paper by RMB/HKD 30/ton (USD 4/ton).

Starting September 18th, Jiangxi Lee & Man Paper Co., Ltd. will increase prices of corrugated paper, Y paper, B paper, E paper, and T paper by RMB 30/ton.

2. [Glass] National Bureau of Statistics: Flat glass production in August was 82.67 million weight boxes, a year-on-year decrease of 2%. Flat glass production from January to August was 648.18 million weight boxes, a year-on-year decrease of 4.5%.

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