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China Automobile Weekly / China Consummer
Analyst
Key Indices
Top Stories
Sector Update | Automobile
Lithium carbonate fell more than 20% during September to Rmb124,020/tonne. BYD restated a 2027 solid-state launch. CATL dropped 10.0% to a one-year low. We see bottom-fishing opportunities emerging for CATL. Geely received more than 43,900 Cruiser 700 pre-orders in an hour, and four September launches are now priced, setting up the National Day peak. China brought truck electrification to IAA Hannover. Maintain MARKET WEIGHT.
Sector Update | Consumer
A potentially strong El Niño has already driven a rise in agricultural commodity prices. We expect upside pressure on domestic sugar prices to be manageable, while palm oil remains the key swing factor. El Niño could affect China consumer companies through both supply- and demand-side channels. Higher input costs may pressure margins, particularly for food producers exposed to palm oil and apparel companies exposed to cotton. On the demand side, it could alter seasonal consumption patterns. Maintain OVERWEIGHT.
Top Stories
Sector Update | Automobile
Lithium carbonate fell more than 20% during September to Rmb124,020/tonne. BYD restated a 2027 solid-state launch. CATL dropped 10.0% to a one-year low. We see bottom-fishing opportunities emerging for CATL. Geely received more than 43,900 Cruiser 700 pre-orders in an hour, and four September launches are now priced, setting up the National Day peak. China brought truck electrification to IAA Hannover. Maintain MARKET WEIGHT.
Sector Update | Consumer
A potentially strong El Niño has already driven a rise in agricultural commodity prices. We expect upside pressure on domestic sugar prices to be manageable, while palm oil remains the key swing factor. El Niño could affect China consumer companies through both supply- and demand-side channels. Higher input costs may pressure margins, particularly for food producers exposed to palm oil and apparel companies exposed to cotton. On the demand side, it could alter seasonal consumption patterns. Maintain OVERWEIGHT.
Analyst
Key Indices
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