Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core View of the Report On Monday, the RB2510 contract increased in price with higher trading volume. The Ministry of Industry and Information Technology stated that a stable growth work plan for ten key industries including steel, non - ferrous metals, and petrochemicals is about to be introduced. The weekly output of rebar continued to decline, with the capacity utilization rate dropping to 45.83%. During the consumption off - season, terminal demand was average, social inventory increased significantly, and the total inventory ended its consecutive decline. Overall, the apparent demand for construction steel decreased during the off - season, but positive policy expectations in the macro - aspect, combined with rising furnace materials, supported the upward movement of rebar futures prices. Technically, the 1 - hour MACD indicator of the RB2510 contract showed that DIFF and DEA were rising. The operation strategy is to conduct bullish trading while paying attention to rhythm and risk control [2]. 3. Summary by Relevant Catalogs Futures Market - The closing price of the RB main contract was 3,224 yuan/ton, up 77 yuan; the trading volume was 2,095,912 lots, up 20,122 lots; the net position of the top 20 in the RB contract was - 5,009 lots, down 3,976 lots; the RB10 - 1 contract spread was - 53 yuan/ton, down 9 yuan; the RB warehouse receipt at the Shanghai Futures Exchange was 86,534 tons, down 897 tons; the HC2510 - RB2510 contract spread was 170 yuan/ton, up 7 yuan [2]. 现货市场 - The price of HRB400E 20MM in Hangzhou (theoretical weight) was 3,370 yuan/ton, up 60 yuan; (actual weight) was 3,456 yuan/ton, up 62 yuan; in Guangzhou (theoretical weight) was 3,450 yuan/ton, up 50 yuan; in Tianjin (theoretical weight) was 3,260 yuan/ton, up 60 yuan. The basis of the RB main contract was 146 yuan/ton, down 17 yuan; the spot price difference between hot - rolled coils and rebar in Hangzhou was 70 yuan/ton, up 20 yuan [2]. Upstream Situation - The price of 61.5% PB iron ore fines at Qingdao Port was 789 yuan/wet ton, up 12 yuan; the price of quasi - first - grade metallurgical coke in Hebei was 1,265 yuan/ton, unchanged; the price of 6 - 8mm scrap steel in Tangshan (tax - excluded) was 2,210 yuan/ton, unchanged; the price of Q235 billets in Hebei was 3,060 yuan/ton, up 60 yuan. The inventory of iron ore at 45 ports was 137.8521 million tons, up 193,200 tons; the inventory of coke at sample coking plants was 554,200 tons, down 43,500 tons; the inventory of coke at sample steel mills was 6.3909 million tons, up 11,200 tons; the blast furnace operating rate of 247 steel mills was 83.48%, up 0.35 percentage points; the blast furnace capacity utilization rate of 247 steel mills was 90.92%, up 1.05 percentage points; the inventory of billets in Tangshan was 1.0362 million tons, up 60,900 tons [2]. Industry Situation - The weekly output of rebar at sample steel mills was 2.0906 million tons, down 76,000 tons; the capacity utilization rate of rebar at sample steel mills was 45.83%, down 1.66 percentage points; the inventory of rebar at sample steel mills was 1.731 million tons, down 77,800 tons; the social inventory of rebar in 35 cities was 3.7016 million tons, up 106,700 tons; the operating rate of independent electric arc furnace steel mills was 63.54%, up 3.12 percentage points; the monthly output of domestic crude steel was 83.18 million tons, down 3.36 million tons; the monthly output of Chinese rebar was 16.88 million tons, up 300,000 tons; the monthly net export volume of steel was 9.21 million tons, down 890,000 tons [2]. Downstream Situation - The national real estate climate index was 93.60, down 0.11; the cumulative year - on - year growth rate of fixed asset investment was 2.80%, down 0.90 percentage points; the cumulative year - on - year growth rate of real estate development investment was - 11.20%, down 0.50 percentage points; the cumulative year - on - year growth rate of infrastructure construction investment was 4.60%, down 1.00 percentage points; the cumulative value of housing construction area was 6.33321 billion square meters, down 83.02 million square meters; the cumulative value of new housing construction area was 303.64 million square meters, down 71.81 million square meters; the inventory of commercial housing for sale was 408.21 million square meters, up 4.43 million square meters [2]. Industry News - On July 21, 2025, the 1 - year LPR was 3.0%, and the 5 - year and above LPR was 3.5%. On July 19, the groundbreaking ceremony of the hydropower project in the lower reaches of the Yarlung Zangbo River was held, with a total investment of about 1.2 trillion yuan [2].

产蛋率下滑，短期市场供应压力有所缓解。叠加终端需求正逐步回暖，养殖盼涨情绪得以释放，一定程度 数据来源于第三方，观点仅供参考。市场有风险，投资需谨慎！ 推动蛋价低位反弹。盘面来看，受现货企稳回弹提振，盘面跌势也有所放缓，可轻仓试多远月。 研究员: 许方莉 期货从业资格号F3073708 期货投资咨询从业证书号Z0017638 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为 瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 鸡蛋产业日报 2025-07-21 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货收盘价(活跃合约):鸡蛋(日,元/500千 | 3636 | ...

「 2025.07.18 」 纯碱玻璃市场周报 研究员:黄闻杰 期货从业资格号F03142112 期货投资咨询从业证书号Z0021738 取 更 多 资 讯 关 注 我 们 获 业 务 咨 询 添 加 客 服 瑞达期货研究院 目录 1、周度要点小结 2、期现市场 3、产业链分析 「 周度要点小结」 数据来源：同花顺 瑞达期货研究院 数据来源：同花顺 瑞达期货研究院 图1 纯碱期货价格 图2 玻璃期货价格 u 行情回顾：本周纯碱期货下跌0.08%，玻璃期货下跌0.46%，本周纯碱期货出现了高开低走再回拉升的 走势，主要原因来自于市场对于上周城市更新工作会议证伪后的回落，后半周市场对于政治局会议的期 待开始逐步拉升，本周基本上属于情绪化交易为主，后续基本面表现依旧乏力，在产量增加，库存累库 的背景下，下周行情有望出现多预期空现实表现，玻璃方面本周和纯碱期货走势大致相同，在反内卷会 议指导下，玻璃整体利润开始回升，虽然玻璃库存处于高位，落后产能后续将逐步淘汰，产能筑底，库 存筑顶，整体来看有望率先实现基本面反转，下周会议预期结束后，有望率先走出低谷。 u 行情展望：纯碱方面，供应端来看国内纯碱开工率上涨，纯碱产量上 ...

瑞达期货研究院 「2025.7.18」 集运指数（欧线）期货周报 关 注 我 们 获 取 更 多 资 讯 添加客服 作者：廖宏斌 期货投资咨询证号： Z0020723 联系电话：0595-86778969 本周集运指数（欧线）期货价格集体上行，主力合约EC2508收涨16.44%，远月合约收涨7-16%不等。最新SCFIS欧 线结算运价指数为2421.94，较上周回升163.9点，环比上行7.3%，持续回升的现货指标说明头部船司此前的宣涨行为 大概率能成功落地，市场对旺季运价担忧减弱，叠加主力合约换月，基差修复逻辑带动期价上涨。6月美国标普全球 综合PMI指数从5月的53小幅回落至52.8。价格压力明显加剧，主要驱动因素包括关税政策的影响，以及融资成本、薪 资压力和燃料价格的上涨。美国6月零售销售数据呈现超预期反弹，环比增速录得0.6%，显著高于市场预期的0.1%， 且较前值-0.9%明显改善。尽管面临贸易政策不确定性，美国消费端仍展现出较强的韧性，部分或于特朗普暂缓关税 条例有关，但考虑到近期关税政策有所加码，后续通胀仍存在上行风险，或对未来数月的零售数据构成一定影响。此 外，欧元区面临美欧关税博弈升级的复 ...

Report Summary 1. Report Industry Investment Rating No industry investment rating is provided in the report. 2. Core Viewpoints - Macro factors are causing increased market volatility, with external market sentiment significantly affecting the domestic market. It is expected that the high level of hot metal production will be difficult to sustain. The main contract of coke is expected to move in a volatile manner [8]. 3. Summary by Directory 3.1. Weekly Highlights - **Macro**: From July 14 - 15, the Central Urban Work Conference emphasized the transition of urban development to the "stock quality - improvement and efficiency - enhancement stage". The China National Coal Association called for industry self - discipline. In 2025, Jiangsu plans to increase the proportion of short - process steelmaking, and coal consumption is expected to decline by about 5% compared to 2020. Overseas, Trump announced a tariff agreement with Indonesia, and the US PPI in June increased by 2.3% year - on - year [8]. - **Supply and Demand**: The raw material prices are rising, and hot metal production remains at a high level. Coal mines have strong price - holding intentions. Currently, hot metal production has increased. Nationwide, 30 independent coking plants have an average loss of 43 yuan per ton of coke. The market is mainly dominated by the weak reality in the off - season [8]. - **Technical Analysis**: The weekly K - line of the main coke contract is below the 60 - day moving average, indicating a bearish trend [8]. - **Strategy**: Due to enhanced macro - level disturbances and obvious spill - over effects of market sentiment, it is advisable to treat the main coke contract as moving in a volatile manner [8]. 3.2. Futures and Spot Market - **Futures Market**: As of July 18, the contract position decreased by 912 lots compared to the previous period, and the coke inter - month spread increased by 16.50 points. The registered warehouse receipts increased by 670 lots, and the futures rebar - coke ratio increased by 0.01 [12][17]. - **Spot Market**: As of July 17, the coke flat - price at Rizhao Port remained unchanged, while the ex - factory price of coking coal in Inner Mongolia increased by 20 yuan per ton. As of July 18, the coke basis decreased by 22.00 yuan/ton [25]. 3.3. Industry Chain Situation - **Coking Industry**: The average loss per ton of coke for 30 independent coking plants nationwide is 43 yuan/ton. The capacity utilization rate of 230 independent coking enterprises is 72.90% (up 0.18%), and the daily coke output is 51.41 tons (up 0.12 tons) [31][33]. - **Downstream**: The daily hot metal output of 247 steel mills is 242.44 tons, an increase of 2.63 tons from last week. As of July 11, the total coke inventory increased by 15.08 tons [37]. - **Inventory Structure**: Port inventories decreased, while steel mill inventories increased. The inventory of 16 ports for imported coking coal decreased by 0.29 tons, and the inventory of 18 ports for coke decreased by 2.97 tons. The coke inventory of 247 steel mills increased by 1.19 tons [41]. - **Fundamental Data**: In June, China's coke exports decreased by 41.3% year - on - year, and the cumulative exports from January to June decreased by 27.9%. Steel exports in June were 967.8 tons, a month - on - month decrease of 8.5%, and the cumulative exports from January to June increased by 9.2% year - on - year [45]. - **Housing Market Data**: In June, the housing price index of second - hand houses in 70 large and medium - sized cities decreased by 0.30% month - on - month. As of the week of July 13, the commercial housing transaction area in 30 large - and medium - sized cities decreased by 35.98% month - on - month [48].

沪铜市场周报 瑞达期货研究院 「2025.07.18」 淡季节点需求暂弱，沪铜或将有所承压 研究员:王福辉 期货从业资格号 F03123381 期货投资咨询 从业证书号 Z0019878 助理研究员: 陈思嘉 期货从业资格号F03118799 业务咨询 添加客服 关 注 我 们 获 取 更 多 资 讯 目录 1、周度要点小结 2、期现市场 3、产业情况 「 周度要点小结」 行情回顾：沪铜主力合约周线低位震荡，周线涨跌幅为-0.03%，振幅1.13%。截止本周主力合约收盘报价78410元/吨。 后市展望：国际方面，美联储褐皮书：经济前景偏中性至略偏悲观。制造业活动小幅下降，企业招聘保持谨慎。国内方面， 国常会：做强国内大循环，深入实施提振消费专项行动，优化消费品以旧换新政策。基本面矿端，铜精矿TC现货指数小幅 回升但仍运行与负值区间，港口库存略有增加，近期铜价回落拖拽铜矿报价小幅下移。供给方面，由于近期原料仍较为充 足，加之冶炼厂副产品硫酸价格较好，冶炼厂生产意愿维持偏积极，国内供给量或将稳定小增。需求方面，受季节性消费 淡季影响，铜下游加工企业开工、订单有所回落，加之持货方的挺价行为，令下游采买态度谨慎、多以 ...

Report Industry Investment Rating - No relevant content provided Core Viewpoints of the Report - Macroscopically, the China National Coal Association emphasizes scientific production rhythm, improved coal supply quality, and industry self - discipline to balance the coal market. The steel industry shows a trend of reduced development but increased industrial concentration. Overseas, Trump plans to impose tariffs on products from Mexico and the EU, and may impose sanctions on Russia. In terms of supply and demand, mine - end inventories have decreased for 4 consecutive weeks, market confidence has improved, and the total inventory is moderately high. Technically, the weekly K - line of the coking coal main contract is bearish. It is recommended to treat the main coking coal contract as oscillating, as short - term price increases may face pressure due to high inventories and enhanced macro - disturbances [8] Summary by Directory 1. Weekly Summary a. Market Review - The daily average output of raw coal from 523 coking coal mines is 192.9 tons, a week - on - week increase of 1.1 tons. The daily average output of 110 coal washing plants is 53.38 tons, an increase of 0.79 tons. The total coking coal inventory (independent coking plants + 6 major ports + steel mills) is 1858.07 tons, a week - on - week increase of 46.92 tons and a year - on - year increase of 4.85%. The average loss per ton of coke for 30 independent coking plants is 43 yuan/ton. The steel mill profitability rate is 60.17%, a week - on - week increase of 0.43 percentage points and a year - on - year increase of 28.14 percentage points. The daily average hot metal output is 242.44 tons, a week - on - week increase of 2.63 tons and a year - on - year increase of 2.79 tons [7] b. Market Outlook - Macroeconomic policies aim to balance the coal market and the steel industry shows a trend of reduced development. Overseas, tariff policies may impact the market. Supply - demand shows mine - end destocking and inventory transfer. Technically, the weekly K - line is bearish. The recommended strategy is to treat the main contract as oscillating [8] 2. Futures and Spot Market a. Futures Market - As of July 18, the coking coal futures contract open interest is 83.76 million hands, a week - on - week increase of 4.57 million hands. The price difference between the coking coal 1 - 9 contracts is 49.50 yuan/ton, a week - on - week increase of 16.50 yuan/ton. The number of registered coking coal warehouse receipts is 500 hands, a week - on - week increase of 300 hands. The price difference between the main coke and coking coal contracts is 592.00, a week - on - week decrease of 14.50 points [14][20] b. Spot Market - As of July 17, 2025, the coke flat - price at Rizhao Port is 1280 yuan/ton, unchanged from the previous week. The ex - factory price of coking coal in Wuhai, Inner Mongolia is 980 yuan/ton, a week - on - week increase of 20 yuan/ton. As of July 18, the coking coal basis is 61.5 yuan/ton, a week - on - week decrease of 1.50 [24] 3. Industrial Chain Situation a. Coal Mine End - The capacity utilization rate of 523 coking coal mines is 86.1%, a week - on - week increase of 0.6%. The daily average output of raw coal is 192.9 tons, a week - on - week increase of 1.1 tons, and the raw coal inventory is 615.3 tons, a week - on - week decrease of 27.6 tons. The daily average output of clean coal is 77.0 tons, a week - on - week increase of 0.5 tons, and the clean coal inventory is 339.1 tons, a week - on - week decrease of 38.1 tons. The operating rate of 110 coal washing plants is 62.85%, an increase of 0.53%. The daily average output is 53.38 tons, an increase of 0.79 tons. The raw coal inventory is 298.69 tons, a decrease of 2.08 tons, and the clean coal inventory is 191.54 tons, a decrease of 5.53 tons [30] b. Total Coking Coal Inventory - The total coking coal inventory (independent coking plants + 6 major ports + steel mills) is 1858.07 tons, a week - on - week increase of 46.92 tons and a year - on - year increase of 4.85%. The inventory of 230 independent coking enterprises shows an increase in coking coal inventory and available days [34] c. Port Inventory - The inventory of imported coking coal at 16 ports is 553.50 tons, a decrease of 0.29 tons. The coke inventory at 18 ports is 252.71 tons, a decrease of 2.97 tons [38] d. Downstream Situation - The daily average hot metal output of 247 steel mills is 242.44 tons, a week - on - week increase of 2.63 tons and a year - on - year increase of 2.79 tons. The steel mill profitability rate is 60.17%, a week - on - week increase of 0.43 percentage points and a year - on - year increase of 28.14 percentage points [42] e. Independent Coking Plants - The average loss per ton of coke for 30 independent coking plants is 43 yuan/ton. Different regions have different profit situations, with Shandong showing a profit and Inner Mongolia showing a large loss [47] f. Upstream Situation - From January to June, the raw coal output of industrial enterprises above the designated size is 24.0 billion tons, a year - on - year increase of 5.4%. In June, the output is 4.2 billion tons, a year - on - year increase of 3.0%, with a daily average output of 1404 million tons. In May 2025, China's coking coal output is 4070.27 million tons, a year - on - year increase of 2.45%. From January to May, the cumulative import of coking coal is 4379.48 million tons, a year - on - year decrease of 7.17% [52][56]

Report Summary 1. Report Industry Investment Rating No industry investment rating is provided in the report. 2. Core Viewpoints - The overall economic data is positive, which drives the stock market to rise. The A - share major indexes and stock index futures all increased this week, with small and medium - cap stocks outperforming large - cap blue - chip stocks. The bond market is under pressure due to the strong performance of the equity market, but the long - term bullish foundation of the bond market remains intact considering the weak economic fundamentals, balanced and loose capital, and low inflation [6]. - The U.S. dollar may rebound in the short - term but is likely to remain weak in the medium - term due to factors such as tariff - related inflation risks, profit compression of enterprises, and structural contradictions. The recovery momentum of the eurozone and Japan is different, and trade frictions have affected market confidence [10]. - China's economic growth in the first half of the year exceeded expectations, with manufacturing and domestic demand driving the economy. Fixed - asset investment is stable, but the real estate market needs further improvement [11]. 3. Summary by Directory 3.1 This Week's Summary and Next Week's Allocation Suggestions - **Stock**: The A - share major indexes and four stock index futures all increased this week, with small and medium - cap stocks stronger than large - cap blue - chip stocks. The release of positive economic data promoted the rise of the stock market. The allocation suggestion is to watch cautiously [6]. - **Bond**: This week, the bond futures showed a pattern of short - term strength and long - term weakness. The equity market's strength suppressed the bond market sentiment, but the long - term bullish foundation of the bond market remains. The allocation suggestion is to watch cautiously [6]. - **Commodity**: The commodity market may strengthen further due to factors such as the GDP growth meeting expectations and the approaching Politburo meeting. The allocation suggestion is to buy on dips [6]. - **Foreign Exchange**: The U.S. dollar is in a volatile and slightly stronger trend, while the euro and the euro - dollar futures decreased. The short - term pressure on the euro and yen is affected by the U.S. dollar's rebound. The allocation suggestion is to watch cautiously [6]. 3.2 Important News and Events - **Domestic**: China's macro - policies have achieved results, and the economic growth in the first half of the year exceeded expectations. The Ministry of Finance issued a notice to guide long - term and stable investment of insurance funds, which is beneficial to the capital market [11][14]. - **International**: Trump announced tariffs on Canadian goods, and the U.S. and Indonesia reached a tariff agreement. The EU prepared to impose counter - tariffs on U.S. goods, and the Fed's "Beige Book" showed a slightly pessimistic economic outlook [16]. 3.3 This Week's Domestic and International Economic Data - **China**: In June, the export and import rates improved, the M1 and M2 money supply increased, the second - quarter GDP growth rate was 5.2%, and the industrial added value increased by 6.8%. However, the growth rate of fixed - asset investment and social consumption decreased [17]. - **U.S.**: In June, the CPI met expectations, the PPI decreased, and the initial jobless claims in the week ending July 12 were lower than expected [17]. - **EU**: In May, the industrial output increased, and the June CPI remained stable [17]. - **UK**: In June, the retail price index increased, and the unemployment rate slightly rose [17]. 3.4 Next Week's Important Economic Indicators and Economic Events - Next week, important economic data such as China's one - year loan prime rate, U.S. existing home sales, eurozone central bank deposit rate, and UK consumer confidence index will be released [82]. 3.5 Central Bank's Open Market Operations This week, the central bank conducted 172.68 billion yuan of reverse repurchase operations, with 52.57 billion yuan of reverse repurchase maturing, resulting in a net injection of 120.11 billion yuan [19].

Group 1 - Corn futures experienced a slight upward movement, with the main contract reaching a high of 2316.00 yuan and closing at 2314.00 yuan, reflecting a 1.22% increase [1] - The USDA reported that as of July 13, 2025, the good-to-excellent rating for U.S. corn was 74%, matching market expectations and significantly higher than the previous year's 68% [2] - Domestic market conditions show a decline in auction transactions for imported corn, leading to lower market expectations and reduced purchasing enthusiasm from downstream enterprises [2] Group 2 - The South American corn harvest is creating phase pressure on the market, while the increase in U.S. corn planting area and favorable growing conditions are contributing to a positive yield outlook [3] - The domestic market is facing pressure from wheat substitution and ongoing auctions of imported corn, which are expected to keep short-term prices under pressure [3] - Recommendations for trading strategies include cautious holding of short positions and considering selling wide spread strategies or out-of-the-money call options [3]

1. Report Industry Investment Rating - No information provided in the report 2. Core View of the Report - The current combination of "weak fundamental recovery + low inflation" remains unchanged, and the overall loose capital under the central bank's care still provides bullish support for the bond market. In the short term, the upside and downside space of yields is limited, and it is expected that Treasury bond futures will continue to fluctuate. Given that there is no directional turn in the policy environment and fundamentals, investors are advised to maintain a certain position [2] 3. Summary by Relevant Catalogs 3.1 Futures Market Data - **Closing Prices and Trading Volumes**: T, TF, and TS main contracts' closing prices increased by 0.02%, 0.02%, and 0.01% respectively, while the TL main contract decreased by 0.02%. The trading volumes of T, TF, TS, and TL main contracts decreased by 1203, 616, 81, and 2014 respectively [2] - **Futures Spreads**: Some spreads such as TL2512 - 2509, T2512 - 2509, and TF2512 - 2509 increased, while TS2512 - 2509 remained unchanged [2] - **Futures Positions**: T, TS, and TL main contract positions decreased, while TF main contract positions increased. The net short positions of T, TF, and TS increased, while that of TL decreased [2] 3.2 CTD Bond Data - The net prices of some CTD bonds such as 250007.IB, 240020.IB, and 250006.IB increased, while those of 220010.IB and 210005.IB decreased [2] 3.3 Treasury Bond Active Bond Yields - The yields of 1 - year bonds decreased by 0.50bp, while those of 5 - year, 7 - year, and 10 - year bonds increased by 0.75bp, 0.64bp, and 0.40bp respectively [2] 3.4 Short - term Interest Rates - The silver - pledged overnight rate increased by 4.93bp, while the Shibor overnight rate decreased by 0.30bp. The silver - pledged 7 - day and 14 - day rates decreased by 2.33bp and 6.02bp respectively, and the Shibor 7 - day rate remained unchanged while the Shibor 14 - day rate decreased by 0.60bp [2] 3.5 LPR Rates - The 1 - year and 5 - year LPR rates remained unchanged [2] 3.6 Open Market Operations - The issuance scale was 4505 billion yuan, the maturity scale was 900 billion yuan, and the interest rate was 1.4% for 7 - day operations [2] 3.7 Industry News - In June, the industrial added value of large - scale industries increased by 6.8% year - on - year, and the total retail sales of consumer goods increased by 4.8% year - on - year. In the first half of 2025, the national fixed - asset investment (excluding rural households) increased by 2.8% year - on - year, and the national real estate development investment decreased by 11.2% year - on - year [2] - In the first half of 2025, the cumulative increase in social financing scale was 22.83 trillion yuan, 4.74 trillion yuan more than the same period last year. At the end of June 2025, the stock of social financing scale was 430.22 trillion yuan, a year - on - year increase of 8.9% [2] - In the first half of the year, China's total import and export value to the United States was 2.08 trillion yuan, a year - on - year decrease of 9.3% [2] 3.8 Key Data to Focus On - On July 17th at 20:30, pay attention to the US retail sales month - on - month rate for June and the number of initial jobless claims in the US for the week ending July 12th [3]