China's PPI rose 1.2% month-on-month, widening 0.8 percentage point from the prior month, the National Bureau of Statistics said. International crude oil and nonferrous metal price increases were primary drivers: petroleum extraction +14.5%, refined petroleum products manufacturing +7.4%, organic chemical raw materials manufacturing +5.4%, nonferrous metal ore mining +1.6% and nonferrous metal smelting and rolling +1.5% — those five industries together added about 0.63ppt to MoM PPI. Seasonal an

2026-10-14

China's PPI rose 1.2% month-on-month, widening 0.8 percentage point from the prior month, the National Bureau of Statistics said. International crude oil and nonferrous metal price increases were primary drivers: petroleum extraction +14.5%, refined petroleum products manufacturing +7.4%, organic chemical raw materials manufacturing +5.4%, nonferrous metal ore mining +1.6% and nonferrous metal smelting and rolling +1.5% — those five industries together added about 0.63ppt to MoM PPI. Seasonal and supply-side tightening lifted energy and raw-material prices: coal mining and washing +9.5%, coal processing +13.6%; demand recovery for steel and cement and higher input costs pushed non-metallic mineral products to +0.3% (after seven months of declines) and ferrous metal smelting and rolling +0.2% — these four industries contributed roughly 0.38ppt. Faster development in AI and computing-power collaboration raised demand in electrical machinery & equipment and computer, communications and other electronic equipment manufacturing, each +0.4%, together adding about 0.07ppt to MoM PPI.

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2026-10-14

ASML將於10月14日公佈財報,當前關注點已從季度訂單轉向產能擴張能力。該公司不再公佈季度訂單數據,因爲訂單量可能在不同季度間出現顯著波動,因此產能目標和交付前景纔是衡量市場需求的更重要指標。 ASML預計在2026年生產約65臺低數值孔徑極紫外(EUV)光刻機,並計劃在2027年將產能提高30%至約85臺。該公司還在探索在2028年再次提高30%的產能,屆時年產能可能達到約110臺。 這些系統每套造價約2億歐元,對製造先進半導體至關重要。它們的交付週期超過一年,這意味着今天的擴建決策反映了對未來很長一段時間的需求預期。 EUV產能目標的上調將強烈表明市場對人工智能投資週期充滿信心。但投資者也應關注執行風險,尤其是ASML能否在不影響利潤率的前提下縮短製造週期並擴大生產規模。

2026-10-13

OPEC monthly report: Venezuela's September crude output rose 18,000 b/d to 1.15 million b/d.