Chemicals & Materials · 3.6

Basic Building Materials

Quantified news impact based on deduplicated, quality-reviewed events in a single 7-day window.

Average net impact-2weighted per event

Average gross impact12absolute weighted average

Events5same period

Confidence72%model average

Raw intensity54before weighting

Previous period-23net impact

Gross change-61%

Diffusion speed0.7 / day

Concentration30%

Direction disagreement86%

Source independence100%6 sources

IMPACT TREND

7-day effective impact

Positive 2 · Negative 2 · Mixed 1

+230-23

27 Jul, 150 events

-1

28 Jul, 052 events

28 Jul, 190 events

29 Jul, 090 events

29 Jul, 230 events

30 Jul, 131 event

-2

31 Jul, 032 events

31 Jul, 170 events

1 Aug, 070 events

1 Aug, 210 events

2 Aug, 110 events

3 Aug, 010 events

Current periodPrevious period

TIME HORIZON

Impact duration

Immediate0%0 cumulative effective impact

Short term87%54 cumulative effective impact

Medium term13%8 cumulative effective impact

Long term0%0 cumulative effective impact

CO-IMPACT

Related industries

EVENT EVIDENCE

Events ranked by effective impact

Page 1 of 1 · 5 events

Macro4

Macro31 Jul, 09:39negative

China's July 2026 Manufacturing PMI Falls to 49.2%; Equipment and High-Tech Manufacturing Maintain Expansion

China's manufacturing Purchasing Managers' Index (PMI) fell to 49.2% in July 2026, entering contraction territory due to a high base from earlier rapid growth and the onset of the traditional off-season for some industries. The equipment manufacturing and high-tech manufacturing PMIs stood at 51.4% and 53.3%, respectively, maintaining expansion. In contrast, consumer goods and high-energy consumption sectors weakened. The production index and new orders index declined to 49.9% and 48.5%, while input prices remained elevated at 53.2% and output prices fell to 47.8%.

Effective: -25
Intensity: 70
Confidence: 85%
Horizon: Short term

Macro31 Jul, 10:06positive

China Allocates 755 Billion Yuan of 2026 Central Budget, Boosting Livelihood Spending

China has largely allocated 755 billion yuan of central budget investment for 2026, with increased emphasis on livelihood projects. The National Development and Reform Commission stated the investment integrates physical and human capital. For disaster relief, 750 million yuan was released in 14 batches since the 2026 flood season. Under work-for-relief programs, 39.5 billion yuan funded over 7,800 projects, employing 1.5 million workers and raising per capita income by more than 10,000 yuan.

Effective: +17
Intensity: 70
Confidence: 60%
Horizon: Short term

Macro28 Jul, 16:05positive

China to Exempt Energy Lands from Urban Land Use Tax from 2026, Phase Out Previous Reductions

China's Ministry of Finance and State Taxation Administration have adjusted urban land use tax rules for energy and resource enterprises. From September 1, 2026, certain lands used by oil, gas, coal, power, and mining enterprises will be exempt from the tax. Concurrently, from September 1, 2026 to August 31, 2027, lands that previously qualified for tax reductions will be taxed at half the due amount, and from September 1, 2027, full tax will apply, with the old reduction rules being abolished.

Effective: +8
Intensity: 50
Confidence: 75%
Horizon: Medium term

Macro30 Jul, 16:59neutral

August Local Bond Issuance Plan Hits 1.091 Trillion Yuan, New Monthly High Since 2026

The August local government bond issuance plan has been disclosed at RMB 1.091 trillion, the highest monthly figure since 2026, surpassing March's RMB 981.5 billion. New special bonds account for RMB 586.1 billion, over half of new bond issuance. The pace of issuance remains slower than the same period in 2024, but the increased supply of new special bonds is expected to support economic stability. Sichuan, Guangdong, and Shandong each plan over RMB 100 billion in issuance.

Effective: 0
Intensity: 20
Confidence: 55%
Horizon: Short term

Industries0

No evidence on this page.

Companies1

Companies28 Jul, 17:34negative

Tapai Group Half-Year Revenue Falls 15.3%, Net Profit Down 49.6%

Tapai Group reported a 15.3% decline in first-half revenue to RMB 1.74 billion and a 49.6% drop in net profit to RMB 219 million. The company attributed the results to weak cement demand due to prolonged heavy rain in South China and intensified market competition. Cement and clinker sales volume fell 11.84%, while cement prices dropped 5.72%.

Effective: -10
Intensity: 60
Confidence: 85%
Horizon: Short term