China A-share pumped-storage sector weakened; Changlan Technology fell over 6%, Hanlan Co., Shunna Co. and Baili Electric dropped over 5%, Jiuzhou Group and Baobian Electric also declined.

Aug. 6 — ByteDance CEO Liang Rubo told a mid‑year all‑staff meeting that the The company’s large language models have fallen behind leading overseas models but ByteDance will persist with internal R&D, focus on fundamentals and accept short‑term lag to optimize long‑term outcomes. Liang said the choice is not driven by external pressure but by a deliberate push for engineering discipline and delayed gratification, which he called essential for achieving AGI. Tan Dai, head of the Creativity Services platform, said only SOTA models unlock high‑value B2B scenarios; the company’s video generation model Seedance2.0 has moved the technology from a “toy” to commercial content production, with weekday invocation volumes substantially higher than weekends.

1. Major steel mills in Tangshan plan to lower prices by 50 yuan/ton for wet-quenched coke and 55 yuan/ton for dry-quenched coke, effective from midnight on August 7, 2026. 2. According to the China Iron and Steel Association (CISA), the iron ore market is undergoing profound adjustments, and a more equitable, transparent, and sustainable market order is gradually being established. 3. Cao Zihai, Deputy General Manager of the Guangzhou Futures Exchange, stated that the lithium battery industry is currently at a critical stage of development, and the Guangzhou Futures Exchange will accelerate the research and development of lithium hydroxide futures. 4. According to Mysteel, a large ferrosilicon producer in Gansu has partially shut down its furnaces. This shutdown involves two 33,000 kVA furnaces and three 25,000 kVA furnaces, affecting a daily reduction of 400 tons in the supply of 72 and 75 grade ferrosilicon. There is currently no clear resumption date. 5. According to Mysteel, market research shows that coking plants in Shanxi and Hebei provinces are indeed implementing production restrictions, mostly ranging from 10% to 30%, some of which are long-term restrictions. 6. Guillermo Wade, head of the Argentine Ports Industry Chamber, said on Wednesday that Argentine grain ports had resumed normal operations after a pilots' strike brought the country's foreign trade to a standstill for about 24 hours. 7. According to SMM, China's August sulfuric acid guidance price has been released, with the metallurgical sulfuric acid guidance price at 1555 yuan/ton. 8. According to Longzhong Information, as of August 5, 2026, China's total methanol port inventory was 692,600 tons, an increase of 1,800 tons from the previous period. 9. The latest data from the Fujairah Oil Industrial Zone in the UAE shows that as of the week ending August 3, the total inventory of refined petroleum products at the Port of Fujairah was 7.002 million barrels, an increase of 491,000 barrels from the previous week, a month-on-month increase of 7.5%. 10. According to statistics from the Silicon Industry Association, domestic polysilicon production in July was 105,100 tons, while silicon wafer production was 55.26 GW. Inventory increased by 9,600 tons (including imports and exports) during the month. As of the end of July, the polysilicon industry inventory was approximately 522,000 tons.