Venture(US:VEMLY) Xin Hua Cai Jing·2025-07-18 07:42Market Performance - The Shanghai Composite Index closed at 3534.48 points, up 0.50%, with a trading volume of approximately 643.6 billion yuan [2] - The Shenzhen Component Index closed at 10913.84 points, up 0.37%, with a trading volume of approximately 927.4 billion yuan [2] - The ChiNext Index closed at 2277.15 points, up 0.34%, with a trading volume of approximately 432.5 billion yuan [2] - The market showed a general upward trend, with the Shanghai Composite Index reaching a new high for the year [1] Sector Performance - Metals stocks, including rare earth and lithium mining, saw significant gains, with related sectors such as lithium extraction and rare earth permanent magnets performing well [1] - Chemical and fiber sectors also experienced notable increases, particularly in polyurethane and acrylic acid [1] - Other sectors like warehousing logistics, trade agency, and military trade concepts showed significant upward movement [1] - However, sectors like components and the internet faced adjustments, with mixed performance among individual stocks [1] Institutional Insights - Institutions suggest that the A-share market is gradually finding a bottom, with medium to long-term investment opportunities emerging [3] - The semiconductor, consumer electronics, artificial intelligence, robotics, and low-altitude economy sectors are highlighted as areas of growth potential [3] - The global demand for rhenium in high-temperature alloys is expected to rise, with supply constraints likely to push prices higher [3] - The price of glyphosate is anticipated to rise due to favorable supply-demand dynamics and seasonal demand in South America [3] Policy Developments - The Ministry of Commerce emphasized that China's foreign investment policies will remain open, encouraging multinational companies like NVIDIA to deepen cooperation in the AI sector [4] - New measures to encourage foreign investment in domestic reinvestment were announced, allowing foreign enterprises to reinvest without extensive registration procedures [5] Coal Market Update - The China Coal Transportation and Marketing Association reported a decrease in coal supply due to adverse weather conditions, with production and sales showing varying degrees of decline [6][7] - Domestic and international coal prices have seen increases, although domestic thermal coal prices remain lower than long-term contract prices [7]