On an Aug. 23 conference call Zhongji Xuchuang said material supply is tight due to faster-than-expected downstream demand and slower upstream capacity expansion. Some input costs have risen, but price increases for the company’s high-volume products were limited because contracts are largely locked and order volumes confer pricing advantage. The company said product price declines on upcoming customer deliveries will be moderate, not the sharp drops cited in market rumors. It expects to control

Iranian state media reported a minister said Iran has discovered more than 75 tcf of natural gas in an oilfield in southern Fars province.

CSC Financial says A-share margin financing and ETF flows are offsetting; deleveraging remains incomplete but volatility is narrowing. Earlier bottom-fishing funds facing losses may cap the slope of any rebound. 10-year UST around 4.7% reflects both implied inflation and AI-driven debt issuance lifting the long end. The US Treasury’s stepped-up buyback/repo activity signals policy reluctance to let tighter financial conditions hurt AI investment and the broader economy, leaving rate pressure on equities relatively contained. Strategically, rebounds have visible floors and ceilings: policy backstops are clear but fresh incremental funding has not coalesced, so market action is characterized by stock-level, not index-wide, rotation; a sustained index breakout will require stronger catalysts. Tactical allocation should balance cyclical and defensive exposures while awaiting a tech-sector clearing. Sector focus: AI (upstream materials/equipment, domestic compute), innovative drugs, nonferrous metals, machinery, new energy, and dividend plays.