API: U.S. crude oil brought online 185,000 b/d in the week to May 29, prior 629,000 b/d.

CPCA data: In May 2026 estimated wholesale and retail volumes of domestic new-energy passenger vehicles reached 1.36 million units, up more than 11% YoY and MoM, marking double‑digit growth and initial signs of sector recovery. Shipping disruptions in the Strait of Hormuz prompted two domestic retail price hikes for refined fuels, lifting pump prices by about 400 yuan/ton cumulatively; higher operating costs for gasoline vehicles are weighing on ICE demand and keeping the overall auto market under pressure while making new-energy vehicles the primary growth driver.

June 2 local time — Typhoon Qiangwei is moving toward southern Kyushu. Parts of Miyazaki and Kagoshima prefectures are under third-level heavy rain warnings. Miyazaki City has issued evacuation instructions to 203,316 households.