中国基础材料监测_2025 年 10 月-China Basic Materials Monitor_ October 2025_ The fall in construction

CHINA BASIC MATERIALS MONITOR October 2025: The fall in construction Summary: End-user orderbooks picked up MoM as of mid-October on an aggregate basis, mostly in line with seasonality. The positive trend in auto/EV, battery, and partly in metal fabrication continued from September. However, infrastructure construction has been deteriorating faster than expected, as project start rates further weakened against seasonality, while the impact from the central government special funding is yet to be seen, based ...