FUNTI's daily electric motorcycle market brief for September 28, 2026: raw material prices, overseas market regulation and China export data, compiled from public sources for importers, distributors and fleet operators.
FUNTI MARKET INTELLIGENCE · September 28, 2026
① Today's Highlights
- Today is the first working day after the Mid-Autumn Festival holiday. Customs, the China Foreign Exchange Trade System and the domestic commodity markets resume normal processing and trading today. The RMB central parity for September 28 will be published at 9:15, and commodity futures open at 9:00 — neither had been set when this report was produced (about 8:20). This scan found no new official export tariff or market-access statements dated September 28 (public information, 2026-09-28).
- The 5th Global Digital Trade Expo closed in Hangzhou, Zhejiang on September 27: 2,008 companies exhibited on site, total attendance reached 428,000 visits, and more than 50,000 professional buyers came to source, up 20% from the previous edition. Key takeaway: digital trade and cross-border e-commerce remain a policy-supported direction, and overseas lead generation can keep drawing on online expos and cross-border platforms (Xinhua, 2026-09-27).
- US funding costs tightened further: the 30-year US Treasury yield hit a new high since 2004. Key takeaway: with the US risk-free rate elevated, the hidden financing cost of USD-denominated orders keeps rising, so quotations and payment-term calculations should price in funding cost, not only the exchange rate (Xinhua Finance, 2026-09-26).
- Policy milestones already in force before the holiday are not repeated here: Vietnam's fuel tax measures (effective September 30), Brazil's CKD duty-free quota (USD 463 million / 6 months), the Philippine motorcycle tariff structure (40% on fuel CBU, lower on e-motorcycles), Indonesia's Molinas rules, the lithium battery consumption tax and the export-licence scope were all covered in the September 24–27 reports (public information, 2026-09-28).
② Raw Materials & FX
- Markets reopen today; data still pending. Domestic spot and futures markets were closed from September 25 to 27 and resume trading on September 28. When this report was produced, today's opening prices and the 9:15 RMB central parity had not yet been set, so the latest available price basis is still September 24. Key takeaway: the gap direction in the first hour after reopening is the dividing line for this week's purchasing and price-locking; avoid rushing to lock prices this morning (CFETS / SHFE, 2026-09-28).
- Non-ferrous futures close on the last trading day before the holiday (September 24): SHFE copper 2610 closed at RMB 110,780/t, down RMB 550; SHFE zinc 2611 closed at RMB 26,745/t, up RMB 80; SHFE tin 2610 closed at RMB 411,610/t, down RMB 1,150; SHFE nickel 2611 closed at RMB 125,350/t, down RMB 800; SHFE aluminium 2611 closed at RMB 24,240/t, up RMB 15. For the week (September 21–24) SHFE copper gained RMB 1,080 in total. Key takeaway: copper is oscillating around the RMB 110,000 mark while the other metals diverge, and the cost centre for motor enamel wire and copper materials has not moved down (SHFE / SMM, 2026-09-24).
- Lithium carbonate: GFEX data for September 24 show lithium carbonate futures warehouse receipts at 33,436 lots, down 899 lots week-on-week; the futures fell sharply the same day (already listed in the September 24 report and not repeated here). Key takeaway: falling warehouse receipts together with a sharp futures drop point to slower downstream purchasing rather than pure oversupply, so buy lithium salts in batches on demand — chase neither the fall nor the rebound (GFEX, 2026-09-24).
- FX: the RMB/USD central parity for September 28 is published at 9:15 and was not yet available when this report was produced; pre-holiday parity levels are not repeated here. Key takeaway: the first post-holiday central parity is the anchor for re-pricing USD orders this week — use the official 9:15 figure (CFETS, 2026-09-28).
- Trading calendar this week: after the Mid-Autumn holiday, September 28 to 30 are the only 3 trading days left this month; markets are closed from October 1 to 7 for National Day and reopen on October 8. Key takeaway: these three days are the only window for pre-holiday raw-material locking and production scheduling; lithium salt, copper and aluminium volumes needed for October output should be settled within these three days (SSE holiday schedule, 2026-09-17).
③ Overseas Markets
- No new overseas policy documents this time; only a medium-term capacity reference: Africa's electric motorcycle market is projected to grow to USD 5.07 billion by 2027 (Xinhua Silk Road / Xinhua, 2026-06). Key takeaway: Africa's growth is driven by commercial work vehicles and battery-swap infrastructure, a logic already covered repeatedly here; near-term order conversion still depends on progress in North and East Africa.
FUNTI · Taizhou Fangxiang Technology Co., Ltd.
Daily electric motorcycle market brief for importers, distributors and fleet operators. Figures are compiled from public market sources and industry associations; verify before commercial use.
