Hongmeng Zhixing delivered 50,624 units in June, up 9.7% MoM. 1H deliveries totaled 240,000 units, up 18.6% YoY. Cumulative deliveries now exceed 1.43 mln units, the fastest million-unit milestone among China’s new-force automakers, approaching a second million. Delivery momentum was led by multiple models: Wenjie M6 reached 30,000 units in 54 days; Shangjie Z7 series exceeded 10,000 units in a single month; new-generation Wenjie M9 began scaled deliveries on June 16 and shipped over 8,000 units

Traders said on Wednesday that rising global supply prompted Aramco to cut July liquefied petroleum gas (LPG) official selling prices (OSPs) by about 24–27%. Aramco lowered propane OSP by $180/ton to $580/ton and butane OSP by $220/ton to $600/ton. Algeria’s Sonatrach trimmed July LPG OSPs about 2–10%, with propane down $57/ton to $518/ton and butane down $10/ton to $600/ton.

The Federal Housing Finance Agency said US single-family house prices fell 0.1% MoM in April after a revised 0.2% rise in March. Prices were up 2.0% YoY through April versus 1.8% in March. Freddie Mac data show the average 30-year fixed mortgage rate has risen about 50 bps since the late-February Middle East conflict, averaging 6.49% last week; FHFA said the monthly dip may reflect softer demand as oil-driven inflation and mortgage rates climbed. Nationwide housing supply remains tight, especially entry-level homes for first-time buyers, with the National Association of Home Builders estimating a shortfall of roughly 1.2 mln units. FHFA said prices are unlikely to fall sharply.