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Real-time News
August 31st - According to the Wall Street Journal, ahead of its planned IPO, SoftBank-backed SB Energy offered OpenAI a substantial incentive to become a tenant of its data centers. IPO filings show OpenAI received warrants worth approximately $5.5 billion from SB Energy, despite having previously invested in the company. SB Energy is expected to file its IPO documents as early as this week, working with bankers and potentially launching its IPO as early as next month, aiming to raise $5 billion to $7 billion. Currently, SB Energys data center customer base consists of companies that are also investors in the company. The filings show that SoftBank and OpenAI plan to become tenants of three of SB Energys data centers. A fourth data center, located in Scully County, Texas, with a capacity of 900 megawatts, has yet to secure a tenant.According to the Wall Street Journal, OpenAI has reportedly acquired warrants worth approximately $5.5 billion from SB Energy.On August 31, at a press conference held today by the China Council for the Promotion of International Trade (CCPIT), a spokesperson introduced that in the first seven months of this year, the CCPIT had approved 976 exhibition projects for 2026 in countries participating in the Belt and Road Initiative, involving 67 exhibition organizers and 48 countries, with a planned exhibition area of 599,000 square meters. Of these, 347 projects have been implemented, with an actual exhibition area of 126,600 square meters and nearly 9,000 participating companies.On August 31st, the last trading day of August 2026, the Shanghai rubber futures main contract fluctuated slightly throughout the day. It opened at 18,900 yuan/ton and dipped to a low of 18,705 yuan/ton, currently maintaining a narrow range around 18,900 yuan/ton. Trading volume and open interest remained active, indicating continued market tug-of-war between bulls and bears. 1. On the supply side, Southeast Asia has entered its traditional peak production season, but continuous rainfall in parts of Thailand and Vietnam has disrupted tapping efficiency. Thai cup rubber prices remained high at 67.3 baht/kg, providing rigid support for the market. Domestically, Yunnan and Hainan production areas were also affected by intermittent rain, resulting in a lower-than-expected supply of new rubber. Thailands natural rubber exports to China in the first seven months declined by 25% year-on-year, with limited external inflows. 2. Regarding inventory, as of August 23rd, the total natural rubber inventory in Qingdao was 631,500 tons, a decrease of 10,600 tons (1.65%) compared to the previous period. Both bonded and general trade inventories decreased, slightly easing pressure on the spot market. 3. Demand is clearly differentiated. As of August 27, 2026, the operating rate of all-steel radial tire manufacturers in Shandong this week was 62.33%, up 0.91% from last week but down 0.45% from the same period last year. The operating rate of semi-steel radial tire manufacturers in China was 65.38%, down 0.28% from last week and down 9.19% from the same period last year. Downstream tire manufacturers remain cautious in the face of high raw material prices, mainly purchasing based on immediate needs, with weak willingness to actively replenish inventory. The realization of the "Golden September" peak season still needs to be closely monitored for changes in terminal orders. 4. In terms of news, the expectation of El Niño climate-induced production reduction continues to be traded, and the overseas STR20# USD price remains firm, with the domestic and international markets moving in tandem to support rubber prices. Overall, the short-term supply and demand are in a tug-of-war pattern, and rubber prices are expected to remain range-bound. US crude oil fell 0.16%; gold prices fell nearly 3%. It is recommended to operate with a range-bound strategy, focusing on changes in weather in production areas and the improvement of downstream operating rates in September, and being wary of short-term risks brought about by macroeconomic and international market fluctuations.On August 31st, two residential land parcels in Shanghai were auctioned off, with a total starting price of 15.519 billion yuan and a total transaction amount of 15.6 billion yuan. The Songjiang District parcel attracted four bidders, ultimately won by a consortium of Guomao and Fraser & Lion Group for 582 million yuan, with a floor area price of 25,028 yuan/㎡ and a premium rate of 16.41%. The Putuo District parcel was won by China Overseas Land & Investment for the reserve price of 15.019 billion yuan, with a comprehensive floor area price of 37,835 yuan/㎡.
