EUR/USD
1.16282
0.024%
Gold
4464.38
-0.192%
Oil
89.420
-0.245%
USD/JPY
156.350
0.355%
GBP/USD
1.35439
0.143%
GBP/JPY
211.764
0.507%
Real-time News
At midday closing, most domestic futures contracts rose, with ferrosilicon hitting its daily limit up, polyvinyl chloride (PVC) rising nearly 5%, liquefied petroleum gas (LPG) and palladium rising over 3%, soda ash rising nearly 3%, caustic soda rising over 2%, and alumina and Shanghai silver rising nearly 2%. On the downside, lithium carbonate fell over 7%, low-sulfur fuel oil (LU) fell over 2%, paraxylene and PTA fell over 1%, and SC crude oil fell nearly 1%.September 4th - The Cuban government announced a series of new policies on September 3rd to further reduce restrictions on foreign investment, foreign trade, and tourism, expanding the operating space for foreign-invested enterprises, joint ventures, and private companies. The new policies announced by the Cuban government include: removing the requirement for foreign-invested and joint-venture companies to hire Cuban employees through intermediary agencies authorized by the Cuban Ministry of Labor and Social Security, allowing direct employment; removing the requirement for joint ventures and domestic investors participating in international economic cooperation to obtain prior approval from the Central Bank of Cuba to open bank accounts abroad, replacing it with subsequent reporting to the Central Bank; updating import and export procedures to allow private companies to directly engage in foreign trade; relaxing restrictions on foreign capital participation in wholesale and retail trade, as well as investment in key areas and historical and cultural heritage sites; introducing tax incentives for ecotourism projects; and allowing foreign companies, foreign-invested enterprises, and non-state-owned entities to participate in tourism transportation and travel agency businesses.September 4th - According to the Financial Times, officials appointed by the Trump administration, campaign donors, and recently departed government officials are all seeking to profit from U.S. control over Venezuelas struggling energy sector. Companies closely associated with the Trump administration are reportedly actively pursuing deals to secure development opportunities in Venezuelan oil resources. Two sources familiar with the matter revealed that Houston-based oil producer Sable Offshore is in advanced talks with the Venezuelan government and is expected to sign an oil field development contract. Several other companies are reportedly in similar high-level negotiation stages. Brittany Kelm, Sables vice president of policy and business affairs, was still serving in the Trump administration until last month. Energy company Primavera also signed an oil field development agreement on Wednesday; one of its founders, Fred Ehrsam, donated $1 million to Trumps 2025 inauguration fund.According to Japans Jiji Press, Bank of Japan Governor Kazuo Ueda will deliver a speech at the National Securities Conference on October 6.On September 4th, Cui Dongshu, Secretary-General of the China Passenger Car Association, published an article stating that in the first half of 2026, the Chinese automotive industry is undergoing profound transformation and fierce competition for existing market share. With the continuous increase in the penetration rate of new energy vehicles, the industry as a whole presents a pattern of "increased revenue but not increased profit" and a "tale of two extremes." While domestic automakers revenue continues to grow, the growth rate has slowed significantly, and the gap in scale with international giants remains. At the same time, profits in the industry chain are highly concentrated in upstream battery manufacturers, while downstream dealers face a severe survival crisis. Affected by price wars and high inventory, the industrys cash flow and supply chain payment problems are becoming increasingly prominent, and systemic risks are increasing. The following is a detailed analysis from multiple dimensions, including revenue, gross profit, expenses, net profit, inventory, and cash flow. With increasing pressure on the domestic consumer market and high overseas profits, most automakers are experiencing rapid growth in overseas sales, and overseas gross profit is significantly higher than domestic. Going global is the most important way for automakers to break through these challenges.
