As a wave of Chinese companies compete to create their own brands, Miniso has launched its own collection of toys to compete with Pop Mart's sharp toothed doll "Labubu". This company produces products including plush toys, household items, etc. Recently, it announced a strategy to create its own IP image and stated that it has hired nine artists for design. In 2025, the trading of trendy games will experience explosive growth, with both order volume and transaction volume increasing by over 300% in the second quarter. The domestic trendy gaming market is accelerating its differentiation, and new IPs are entering a golden period of growth. LABUBU has topped the sales chart for two consecutive years, and five major IPs including Starman, Rayan, and WAKUKU have entered the top 20 of the list for the first time. After the great success of Labubu and the significant boost in sales of its Chinese competitor Bubble Mart, Miniso began to enter the development of its own intellectual property rights. The market value of Pop Mart is currently around HKD 440 billion, which is more than twice the combined market value of Mattel and Hasbro, two American toy groups. Industry analysis indicates that the silicone toy industry is developing towards a deep integration of environmental protection, convenience, and fashion. In the future, the independent brand model guided by innovation, integrating design, research and development, production, and sales, will become the mainstream of the industry. Under this trend, technology innovative enterprises with multi process integration capabilities have shown significant development momentum, among which the application of advanced processes such as injection molding and hot pressing molding is becoming increasingly widespread. At the same time, a one-stop solution that integrates the design and manufacturing of silicone injection molds, silicone hot pressing molds, and plastic molds is becoming a new focus of industry competition, driving silicone toy companies to transform and upgrade towards higher value-added links. On Wednesday, the overall organic silicon market showed a stable to strong pattern, with slight adjustments in quotes from upstream major monomer factories. The mainstream price range for DMC is 10700-12300 yuan/ton, while the mainstream spot price for raw rubber is between 13000-13500 yuan/ton. The mainstream price for mixed rubber is between 12000-12500 yuan/ton, with an overall fluctuation range of 100-200 yuan/ton. Raw rubber spot prices are rising this week, with holders in South China experiencing a price increase of 200-300 yuan/ton. It is reported that the two major raw rubber factories in Xinjiang and Hubei are selling 10000 tons. Recently, the price of raw rubber has continued to weaken and has been falling continuously for more than half a month. Its pre-sale price has fallen from the high of 13000 yuan/ton in the early stage, and dropped to 11500 yuan/ton last week, quickly triggering a surge in inventory replenishment. Afterwards, it rebounded slightly and tended to stabilize. Market analysis suggests that the recent decline in raw rubber prices is mainly influenced by several factors: on the one hand, the production side has resumed work and production, easing market expectations of tight raw rubber supply; On the other hand, downstream rubber mixing enterprises are cautious in their procurement sentiment, generally waiting for lower prices to enter the market. The current stable and tentative upward trend has not stimulated the willingness to hoard goods on a large scale, and the replenishment efforts of large factories are relatively weak. In addition, the demand for terminal silicon products in the market has not shown significant improvement, and most enterprises purchase on demand, making it difficult to form strong support for the price of raw rubber. Against the backdrop of the current industry's continuous promotion of "anti internal competition", market views point out that the current price correction of raw rubber is more influenced by the wait-and-see sentiment of large demand side funds, and there are certain signs of oversold. With the gradual optimization of the industrial chain pattern, it is expected that the silicone link will be the first to break free from the "involution" state and enter a new round of price increase cycle. Optimizing the supply chain, creating product differentiation, and enhancing brand value are emerging trends that will bring new changes to various links in the silicone industry chain. According to the database of leading rubber companies, it is predicted that the rubber market will continue to maintain a tight supply balance in the next three months. Under the continuous game between supply and demand, the price of raw rubber is expected to gradually stop falling and rebound, and is expected to exceed the level of 12500 yuan/ton in the future. Stefan Hartung, CEO of Bosch, the world's largest automotive parts supplier, stated on Tuesday that as the automotive industry faces increasing trade barriers and downward pressure on product prices, it is expected that competitive pressure in the industry will continue in 2026. Hartung's remarks highlight the multiple crises that European car manufacturers and their suppliers are facing, including tariffs imposed by the United States on imports of cars and car parts - he said it is currently impossible to quantify the impact of these tariffs. London listed mining company Anglo American announced on Tuesday that it has reached a merger agreement with Canadian company Teck Resources to form a $53 billion copper giant. This will be the largest merger and acquisition in the mining industry in over a decade. After the transaction is completed, in the newly formed merged company "Anglo Teck", Anglo American shareholders will hold 62.4% of the shares, while Teck shareholders will hold 37.6% of the shares. The headquarters of Anglo American Teck Group will be located in Canada and will also be primarily listed on the London Stock Exchange. The proposed transaction still requires approval from regulatory agencies in Canada and South Africa. Spanish cosmetics group Puig announced its performance for the first half of 2025. The net revenue for the current period was 2.299 billion euros, compared to 2.171 billion euros in the same period last year, a year-on-year increase of 5.9%. The quarterly adjusted EBITDA profit was 445 million euros, compared to 410 million euros in the same period last year, a year-on-year increase of 8.6%. The net profit attributable to the parent company was 275 million euros, compared to 154 million euros in the same period last year, a year-on-year increase of 78.8%. The company is famous for perfume brands such as Rabane, Carolina Herrera and Jean Paul Gaultier.