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Real-time News
Futures News reported on October 9th that, looking ahead to the fourth quarter, with the onset of the off-season demand season, refineries enthusiasm for asphalt production will cool, with asphalt production projected to decrease by 5.2% month-over-month, though still expected to increase by 3.3% year-over-year. While asphalt demand is expected to decline month-over-month, local government bond issuance is stronger than last year, significantly supporting infrastructure investment growth. Furthermore, with the final year of the 14th Five-Year Plan and the need to rush road projects, asphalt demand is expected to increase by 2% year-over-year in the fourth quarter. We estimate that total asphalt market inventories will continue to decline seasonally in the fourth quarter, and this, coupled with a low inventory-to-sales ratio, will provide strong support for asphalt prices. However, due to continued production increases by OPEC+, led by Saudi Arabia, we expect global oil inventories to increase, with Brent crude oil prices trading between $55 and $65 per barrel, potentially shifting the center of gravity of asphalt production costs downward.On October 9th, Wanlang Magnetic Plastics announced that it intends to acquire 100% of Tianen Electronics equity through a share transfer for 235 million yuan. Upon completion of this transaction, Tianen Electronics will become a wholly-owned subsidiary of the company. The transaction has been approved at the 30th meeting of the companys third board of directors and does not require review by the companys shareholders meeting. This transaction does not constitute a related-party transaction, nor does it constitute a major asset reorganization under the "Administrative Measures for Major Asset Restructuring of Listed Companies."On October 9th, CSPC Pharmaceutical Group (01093.HK) announced in Hong Kong that its independently developed Class 1 new chemical drug, SYH2070 Injection (a double-stranded small interfering RNA (siRNA) drug), has received approval from the U.S. Food and Drug Administration (FDA) for clinical trials in the United States. This product is a liver-targeted siRNA drug conjugated with acetylgalactosamine (GalNAc). It targets angiopoietin-like protein 3 (ANGPTL3) via subcutaneous administration and effectively reduces ANGPTL3 levels. Through sequence optimization and chemical modification strategies, this product achieves a more sustained gene silencing effect, potentially becoming an ultra-long-lasting siRNA drug for the treatment of hypertriglyceridemia or combined hyperlipidemia, with the potential to effectively reduce the risk of elevated remnant cholesterol levels.Li Auto (02015.HK): In the 40th week of 2025, 105 Li Auto supercharging stations were put into operation, and the cumulative number of online stations exceeded 3,400.The Central Bank of Serbia kept its benchmark interest rate unchanged at 5.75%.

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