Core Viewpoint - The Ministry of Commerce has preliminarily determined that imported pork and pork by-products from the European Union are being dumped, causing substantial damage to the domestic industry, with a causal relationship established between dumping and the damage [1] Group 1: Investigation Findings - The investigation agency has found that there is dumping of relevant pork products from the EU [1] - Substantial damage to the domestic industry has been confirmed as a result of this dumping [1] - A causal relationship between the dumping and the substantial damage has been established [1] Group 2: Regulatory Actions - According to Articles 28 and 29 of the Anti-Dumping Regulations, the investigation agency has decided to implement temporary anti-dumping measures in the form of a cash deposit [1] - Starting from September 10, 2025, importers of the investigated products will be required to provide corresponding cash deposits to the Customs of the People's Republic of China based on the determined rates for each company [1]

Core Viewpoint - The Ministry of Commerce of China has initiated an anti-dumping investigation against imported pork and pig by-products from the European Union, concluding that dumping exists and has caused substantial damage to the domestic industry, with a causal relationship established between dumping and damage [1]. Group 1: Preliminary Ruling - The preliminary ruling indicates that imported pork and pig by-products from the EU are being dumped, causing substantial harm to the domestic industry, and a causal relationship between dumping and harm has been identified [1]. Group 2: Imposition of Security Deposits - Starting from September 10, 2025, importers of the investigated products must provide corresponding security deposits to the Customs of the People's Republic of China based on the determined rates for each company as per the preliminary ruling [2][8]. Group 3: Product Description - The investigated products include fresh, chilled, frozen pork, edible offal, and various forms of pig fat and intestines, which are suitable for human consumption [5][6]. Group 4: Tariff Classification - The products fall under specific tariff codes in the People's Republic of China, with certain non-pork products excluded from this investigation [6]. Group 5: Comments from Stakeholders - Stakeholders have a 10-day period from the announcement date to submit written comments to the investigating authority [9].

Core Viewpoint - The Ministry of Commerce has announced a preliminary ruling on anti-dumping investigations regarding imported pork and pig by-products from the European Union, confirming the existence of dumping and substantial damage to the domestic industry, along with a causal relationship between the two [1][2]. Group 1: Preliminary Ruling - The investigation found that imported pork and pig by-products from the EU are being dumped, causing substantial harm to the domestic industry, with a confirmed causal link between dumping and damage [2]. Group 2: Imposition of Deposit - The Ministry has decided to implement temporary anti-dumping measures in the form of a deposit, effective from September 10, 2025, requiring importers to provide a corresponding deposit based on the determined rates for each company [3][9]. Group 3: Product Description - The products under investigation include various forms of pork and pig by-products, such as fresh, chilled, frozen pork, and edible offal, among others [4][6][7]. Group 4: Deposit Calculation Method - The deposit will be calculated based on the customs-determined taxable price of the imported goods, using the formula: Deposit Amount = (Customs-determined taxable price × Deposit rate) × (1 + VAT rate) [9]. Group 5: Stakeholder Comments - Stakeholders have a 10-day window from the announcement date to submit written comments to the investigating authority [10].

Core Viewpoint - The Ministry of Commerce has announced a preliminary ruling on the anti-dumping investigation of imported pork and pork products from the European Union, indicating that such imports are being sold at dumped prices, causing substantial harm to the domestic industry, with a causal relationship established between dumping and the harm [1] Group 1: Investigation Findings - The investigation agency has preliminarily determined that imported pork and pork products from the EU are being dumped [1] - There is substantial damage to the domestic industry due to these dumped imports [1] - A causal relationship exists between the dumping practices and the substantial harm experienced by the domestic industry [1] Group 2: Regulatory Actions - The investigation agency has decided to implement temporary anti-dumping measures in the form of a cash deposit [1] - Starting from September 10, 2025, importers of the investigated products will be required to provide a cash deposit to the Customs of the People's Republic of China based on the determined rates for each company [1]

（文章来源：商务部网站） 商务部：调查机关初步认定，原产于欧盟的进口相关猪肉及猪副产品存在倾销，国内产业受到实质损 害，而且倾销与实质损害之间存在因果关系。根据《反倾销条例》第二十八条和第二十九条的规定，调 查机关决定采用保证金形式实施临时反倾销措施。自2025年9月10日起，进口经营者在进口被调查产品 时，应依据本初裁决定所确定的各公司的保证金比率向中华人民共和国海关提供相应的保证金。 ...

Core Viewpoint - The Indian Ministry of Finance has extended the anti-dumping measures on fluororubber originating from or imported from China until February 26, 2026, affecting specific customs tariff numbers [1] Summary by Relevant Sections Anti-Dumping Investigation Timeline - The anti-dumping investigation on fluororubber from China was initiated by India on January 2, 2018 [1] - A positive final ruling was made on December 27, 2018, leading to the imposition of anti-dumping duties ranging from $0.078 to $7.31 per kilogram starting January 28, 2019 [1] - The first sunset review investigation was launched on February 7, 2020, with a positive final ruling on October 19, 2020 [1] - The anti-dumping duties were continued at rates of $1.04 to $8.86 per kilogram from November 27, 2020, set to expire on November 27, 2025 [1] - A second sunset review investigation was initiated on June 16, 2025 [1]

Core Viewpoint - The Ministry of Commerce of China has announced the implementation of anti-dumping measures on imported non-dispersion shifted single-mode optical fibers originating from the United States, effective from September 4, 2025, due to circumvention of existing anti-dumping regulations by U.S. exporters [1] Group 1 - The Ministry of Commerce conducted an investigation and found that U.S. fiber manufacturers and exporters altered trade practices to export related cutoff wavelength displacement single-mode fibers (G.654.C fibers) to China, undermining the effectiveness of current anti-dumping measures [1] - The Ministry has recommended adjustments to the tax scope to the State Council Tariff Commission, which has agreed to apply the existing anti-dumping tax rate on non-dispersion shifted single-mode optical fibers to the related cutoff wavelength displacement single-mode fibers from the U.S. [1]

Trade Measures - China's Ministry of Commerce found US exporters circumvented anti-dumping measures on US non-dispersion-shifted single-mode optical fiber by exporting related cut-off wavelength shifted single-mode optical fiber to China [1] - Anti-circumvention measures will be implemented starting September 4, 2025 [1]

Report Industry Investment Rating No relevant information provided. Core Viewpoints of the Report - The overall economic situation shows mixed trends globally. In China, the real - estate market varies by region, and the new - energy vehicle market continues to grow. The US economy has limited change, with inflation and employment issues. The global long - term bond market is experiencing a sell - off, and the oil market may face supply - demand imbalances [9][10][11]. - Different commodity markets have diverse trends. For example, the stock index futures may be volatile in the short - term and long - term investors can consider buying on dips; the bond market is influenced by various factors and different strategies are proposed for different investment styles; the black, colored, agricultural, energy - chemical, and other commodity markets all have their own characteristics in terms of supply, demand, and price trends [13][14][15]. Summary by Related Catalogs Macro - finance - **Stock Index Futures**: Short - term trading may be volatile, and long - term investors can consider buying on dips. The A - share market shows a differentiated trend, with the GEM leading the rise. The market turnover has decreased, and the index may adjust its rhythm [13]. - **Treasury Bond Futures**: Conservative strategies can continue to consider the curve - steepening strategy, while aggressive strategies can consider buying on dips in the short - term. The bond market is boosted by the weakening of the equity market and the loosening of the capital supply. The PMI data shows signs of stabilization and differentiation [14][15]. Black - **Steel and Iron Ore**: The steel industry's supply policy has limited impact on the market. The downstream demand is weak, and the steel market will continue to adjust with limited space, maintaining a mid - term oscillating trend. Iron ore can be lightly short - sold [17][18]. - **Coking Coal and Coke**: The prices of coking coal and coke may continue to decline from high levels in the short - term. The supply may gradually recover after the parade, and the market sentiment has weakened as the eighth round of coke price increase has not been implemented [19]. - **Ferroalloys**: The black market sentiment is weak. Silicon iron can consider long - positions in the 10 - contract, while manganese silicon should be short - sold on rebounds in the medium - to - long - term [20]. - **Soda Ash and Glass**: Soda ash can be short - sold on rallies, and glass should be observed for now. The supply of soda ash is increasing, and the demand for photovoltaic glass is stable. The glass market has weak sales in various regions, and the inventory may increase [22]. Colored and New Materials - **Aluminum and Alumina**: Aluminum may oscillate at a high level in the short - term, and investors can consider buying on dips in the long - term. Alumina is expected to decline in the medium - term, and short - selling on rallies is recommended [24]. - **Zinc**: The social inventory of zinc is increasing, and the supply is expected to increase. The zinc price will oscillate downward [25]. - **Lithium Carbonate**: The market is in a state of high supply and demand, with insufficient upward - driving forces. It will mainly oscillate widely in the short - term [26]. - **Industrial Silicon and Polysilicon**: Industrial silicon will oscillate with limited downward space. Polysilicon is mainly affected by policy progress, and the market will have intense games [27][28]. Agricultural Products - **Cotton**: The cotton market is affected by the game between upstream and downstream. The supply is low, and the demand is weak. The long - term trend is to short on rallies [30][31][32]. - **Sugar**: The domestic sugar market has a short - term supply - demand surplus, and the sugar price is expected to decline. The global sugar market is also expected to have a supply surplus [33][34][35]. - **Eggs**: The short - term spot price of eggs is strong, but the 10 - contract is expected to be weak. It is recommended to trade on rebounds with caution [37]. - **Apples**: Investors can buy on dips or use a long - 10 - short - 01 spread strategy. The price of stored apples will be stable, and early - maturing apples will maintain a high - quality, high - price trend [38]. - **Corn**: Short the 01 - contract. The supply pressure of old - crop corn is increasing, and the new - crop corn has a certain expectation of a bumper harvest [39][40]. - **Jujubes**: It is recommended to wait and see. The market price in the production area is stable, and the price in the sales area has a slight decline [41]. - **Pigs**: Short the near - term contracts on rallies and consider long - positions in the 01 - contract. The supply pressure in September is still large, and the demand improvement is limited [41][42]. Energy - Chemical - **Crude Oil**: The market may shift to a supply - surplus pattern. It is advisable to short on rallies as the inventory may accumulate rapidly after the peak - demand season [43][44]. - **Fuel Oil**: The price will follow the movement of crude oil, and the short - term price range is estimated to be between $65 and $70 [44][45]. - **Plastics**: Polyolefins will oscillate weakly due to high supply pressure and weak demand [45][46]. - **Rubber**: Consider buying on dips and be cautious when chasing high prices. The short - term fundamentals have no obvious contradictions [46]. - **Methanol**: The price may continue to oscillate weakly due to port inventory accumulation. It is recommended to reduce short - positions due to rumors of plant shutdowns [46][47]. - **Caustic Soda**: Adopt a long - term long strategy after short - term trading. The transportation situation may improve after the parade, and the demand is expected to increase [48]. - **Asphalt**: It follows the movement of crude oil and is stronger than crude oil. The demand is in the peak season, but the supply is also increasing [49]. - **Polyester Industry Chain**: The prices of polyester products are expected to be bearish in the short - term due to the weakening of crude oil and the lack of supply - demand support [50]. - **Liquefied Petroleum Gas (LPG)**: It follows the cost of crude oil and has sufficient supply. The demand is difficult to strengthen significantly, and a long - term bearish view is maintained [50]. - **Paper Pulp**: Observe whether the port inventory continues to decline and whether the spot trading and demand improve after Chenming's resumption of production [52]. - **Logs**: The fundamentals are oscillating, and the spot price is affected by weak trading [53]. - **Urea**: Adopt a bearish strategy. The export news is negative, and the futures price is falling [54]. - **Synthetic Rubber**: Consider buying on dips. The short - term fundamentals have no obvious contradictions, and the price is supported by raw materials [55].

Core Viewpoint - The Ministry of Commerce of China has announced a ruling regarding the anti-circumvention investigation of cut-off shifted single-mode optical fibers imported from the United States, determining that such imports circumvent existing anti-dumping measures on non-dispersion shifted single-mode optical fibers [1][4]. Current Anti-Dumping Measures - The Ministry of Commerce imposed anti-dumping duties on non-dispersion shifted single-mode optical fibers from the U.S. starting April 22, 2011, with a five-year duration. This measure was extended in 2017 and again in 2023, with the applicable duty rates adjusted to between 33.3% and 78.2% for U.S. companies [2][3]. Product Description - Non-dispersion shifted single-mode optical fibers, also known as G.652 fibers, operate at wavelengths of 1310nm and 1550nm, with specific attenuation and dispersion characteristics. These fibers are widely used in high-speed, long-distance communications [3]. Anti-Circumvention Measures - The Ministry of Commerce has recommended adjustments to the tax scope, leading to the application of existing anti-dumping tax rates to the cut-off shifted single-mode optical fibers imported from the U.S. starting September 4, 2025 [4][5]. Tax Rates - The anti-dumping tax rates for specific U.S. companies are as follows: Corning Incorporated at 37.9%, OFS Fitel, LLC at 33.3%, and Draka Communications Americas, Inc. at 78.2%. Other U.S. companies will also face a rate of 78.2% [5]. Implementation Period - The anti-circumvention measures will be in effect from September 4, 2025, until April 21, 2028, coinciding with the expiration of the current anti-dumping measures on non-dispersion shifted single-mode optical fibers [6]. Review Process - Stakeholders may submit written applications for a review of the necessity to continue the anti-circumvention measures after a reasonable period during the implementation phase [7]. Legal Recourse - Parties dissatisfied with the anti-circumvention decision may apply for administrative reconsideration or file a lawsuit in court according to the relevant laws [8].