Group 1 - The Ministry of Commerce announced China's first anti-circumvention investigation ruling, determining that U.S. exporters circumvented anti-dumping measures on non-dispersive single-mode optical fibers by exporting related cutoff wavelength shifted single-mode optical fibers to China. Anti-circumvention measures will be implemented from September 4 [1] - In August, the U.S. ADP employment increased by 54,000, significantly below the market expectation of 65,000, with a revised figure of 104,000 for July. The ISM services PMI for August was reported at 52, marking the fastest expansion in six months, driven by the strongest growth in orders in nearly a year [1][5] Group 2 - In the dual-fuel market, the main contract showed a strong trend, with a continued decrease in coking coal positions. Steel production from the five major materials decreased week-on-week, while total inventory continued to accumulate, particularly in hot-rolled coil [2][25] - Methanol prices increased by 1.18% in the night session, with a significant rise in the number of imported cargoes arriving at ports. Coastal methanol inventory reached 1.3985 million tons, a historical high, with a week-on-week increase of 99,000 tons [3][14] - In the precious metals market, gold prices fell after a period of consolidation, with market focus on upcoming non-farm payroll data. Concerns arose regarding potential import tariffs on silver as the U.S. Geological Survey proposed including silver in a list of critical minerals [4][18] Group 3 - The State Council issued opinions to enhance the potential of sports consumption and promote high-quality development in the sports industry, emphasizing increased financial support and encouraging sports enterprises to go public [6] - The Ministry of Industry and Information Technology and the State Administration for Market Regulation released an action plan for stable growth in the electronic information manufacturing industry, targeting an average growth rate of around 7% for major sectors from 2025 to 2026 [7]
双焦翻红，金银回调-20250905
申银万国期货研究·2025-09-05 00:44