A steel mill in Shandong set a tender price of 338,600 yuan/mt for ferromolybdenum.

According to SMM statistics, total building materials inventory stood at 8.1925 million tonnes this period, down 133,400 tonnes or 1.6% from the previous period.

Building Materials Social Inventory: According to the SMM survey, total building materials social inventory continued destocking this period. As of August 27, 2026, SMM building materials social inventory stood at 5.5369 million mt, down 12,200 mt WoW, a decrease of 0.22%. During the survey period, futures surged significantly, markedly boosting market trading sentiment compared to earlier, and driving overall inventory destocking. Regional Social Inventory: Currently, inventory performance continued to diverge across regions. Among them, inventory in east China shifted from decline to increase, mainly as the impact of earlier port closures had subsided, and concentrated arrivals of building materials in Hangzhou and Shanghai areas led to inventory accumulation. Destocking in the northwest region was relatively pronounced, primarily because local steel mills continued to ship resources outward, with local supply decreasing, coupled with some improvement in downstream demand and higher purchase enthusiasm, driving inventory destocking. In other regions, sentiment also recovered due to movement in futures, with downstream clients' purchase willingness strengthening, and inventory destocked normally.

[Multiple localities issue new property market policies, building momentum for the “September-October peak season”] Recently, local governments have intensively introduced real estate-related policies, with cities such as Beijing, Shanghai, Chengdu, and Xi’an all releasing favorable policy signals before September. “By adjusting home purchase restrictions and loan down payment ratios, various localities have further unleashed the potential for home buying. At the same time, by raising the maximum amounts for housing provident fund loans, they have lowered the threshold for purchasing a home, and through various subsidies, including interest subsidies on housing provident fund loans and trade-in subsidies for selling an old home to buy a new one, they have reduced the cost of buying a home,” said Li Yujia, chief researcher at the Guangdong Provincial Housing Policy Research Center. From the perspective of the pace of policy rollouts, after Beijing and Shanghai successively introduced policies, Chengdu, Xi’an, and other cities followed suit, creating a relay effect of coordination and continued follow-up between first- and second-tier cities, sending a positive signal to the market that “there is still room for policy,” thereby boosting market confidence and expectations. The timing of these policy releases was precise, building momentum for the traditional September-October peak season in the property market.