China government bond futures opened: 2-year (TS) main contract flat; 5-year (TF) main contract up 0.02%; 10-year (T) main contract up 0.04%; 30-year (TL) main contract up 0.12%.

A股先進封裝板塊再度拉昇，盛合晶微漲超10%，洪田股份漲停，長電科技、通富微電、富滿微跟漲。

CSC Financial says aluminum foil, a small high‑quality segment of lithium‑battery materials, is seeing concentrated market structure—leaders hold ~38% share—and broad price pass‑through to customers. Cumulative processing fees have risen about 1,000–1,500 yuan/ton. The firm expects supply‑demand to continue improving in H2 2026–2027, supporting further price upside. Sodium‑ion battery commercialization is progressing from a 1→10 scale phase; with the aluminum‑foil technical route confirmed and per‑unit foil usage set to double, demand for aluminum foil should increase materially.