At its 2026 Q3 results briefing Jiahua Energy said end-Q3 inventories were mainly PVC products and raw‑material stock. Under its chlor‑alkali integrated circular‑economy model the company will flexibly adjust PVC capacity utilization, increase the sh

Amidst the same natural gas shortage and European concerns about winter, the US dollar index appears strong. Can these two market trends truly be judged separately? If things improve this winter, will the "strong dollar" perceived by the market reveal another side?

Domestic News: 1. Wang Yi spoke with US Secretary of State Marco Rubio by phone. 2. State Taxation Administration: Taxation of offshore trust income is progressing smoothly and orderly, with cumulative declarations of personal income tax on offshore trusts exceeding 160 billion yuan. 3. my country successfully launched the Pathfinder satellite for its Origin Exploration Program. 4. Li Qiang will pay an official visit to Thailand from November 13th to 15th. 5. China Association of Automobile Manufacturers (CAAM): my country's automobile production and sales both exceeded 3 million units in October, with new energy vehicle sales increasing by 13.1% year-on-year. 6. The 15th Five-Year Plan for Accounting Reform and Development: Accelerating the clearing of existing financial fraud and effectively curbing new cases. 7. China Securities Regulatory Commission (CSRC): Currently soliciting public opinions on the "Guiding Opinions on Advance Compensation in the Securities Market," aiming to further refine the implementation procedures for advance compensation. 8. The People's Bank of China (PBOC) released its third-quarter report on the implementation of China's monetary policy: Adhering to a moderately loose monetary policy and enhancing its forward-looking, flexible, and targeted nature. International News: 1. Anthropic's mega-IPO is reportedly oversubscribed several times. 2. US media reports that Nvidia is preparing to remove Jensen Huang, causing Nvidia shares to fall 9% in after-hours trading. 3. US military aircraft are reportedly withdrawing from US bases in the UK, possibly related to potential security threats. 4. LME aluminum spot premium hits a more than 30-year high, with inventories falling to their lowest level since 1990. 5. OPEC's monthly report forecasts global oil demand growth of 2.55 million barrels per day in 2027. 6. South Korea's Financial Services Commission will hold a symposium on November 13 to discuss capital market issues. 7. AI trading reignites, with the Nasdaq 100 recovering all losses since the US midterm elections. 8. Discussions arise regarding the length of New York Fed President Williams' term, potentially impacting the regional Fed structure again due to the White House's influence. 9. Russia-Ukraine Situation—Russia and Ukraine have agreed in principle to a new round of large-scale prisoner exchanges; a US special envoy will travel to Russia on Thursday to meet with Putin; Ukrainian negotiators say the momentum is good and a solution is expected by the end of the year; Zelensky says Russia refuses a ceasefire; it is reported that the US is demanding Russia propose a new European security agreement and clarify what reciprocal de-escalation measures Russia is willing to take. 10. Middle East Situation— ① Iran's Supreme National Security Council Secretary Rezaei: Iran will not allow any enriched uranium to leave the country; Iran needs enriched uranium to design nuclear-powered ships and submarines. ② US media: Vance seeks face-to-face talks with Rezaei and has received relevant authorization from Trump. ③ Rezaei: If the US launches an attack on Haoshan, Iran's retaliation will target all US long-range bases. ④ Reports indicate that the US and Iran have reached an agreement on four of the seven negotiating conditions.