Core Viewpoint - The Ministry of Commerce will initiate an anti-dumping investigation on imported simulation chips originating from the United States, with the investigation period set from January 1, 2024, to December 31, 2024, and the industry damage investigation period from January 1, 2022, to December 31, 2024 [1] Group 1 - The investigation will focus on the anti-dumping practices related to simulation chips imported from the U.S. [1] - The defined period for the anti-dumping investigation is one year, while the industry damage investigation spans three years [1]

商务部公告2025年第27号 公布对原产于美国的进口相关模拟芯片发起反倾销立案调查 中华人民共和国商务部（以下简称商务部）于2025年7月23日收到江苏省半导体行业协会（以下称申请 人）代表国内相关模拟芯片产业正式提交的反倾销调查申请，申请人请求对原产于美国的进口相关模拟 芯片进行反倾销调查。商务部依据《中华人民共和国反倾销条例》有关规定，对申请人资格、申请调查 产品有关情况、中国同类产品有关情况、申请调查产品对国内产业影响、申请调查国家有关情况等进行 了审查。 根据申请人提供的证据和商务部初步审查，申请人相关模拟芯片的合计产量符合《中华人民共和国反倾 销条例》关于申请人资格的规定。同时，申请书中包含了《中华人民共和国反倾销条例》第十四条、第 十五条规定的反倾销调查立案所要求内容及有关证据。 根据上述审查结果，依据《中华人民共和国反倾销条例》第十六条的规定，商务部决定自2025年9月13 日起对原产于美国的进口相关模拟芯片进行反倾销立案调查。现将有关事项公告如下： 一、立案调查及调查期 自本公告发布之日起，商务部对原产于美国的进口相关模拟芯片进行反倾销立案调查，本次调查确定的 倾销调查期为2024年1月1日至 ...

Report Industry Investment Rating No information provided in the given content. Core Viewpoints - The rapeseed meal RM2601 fluctuates in the range of 2520 - 2580. The market is affected by soybean meal trends, technical oscillations, and awaits the final result of the anti - dumping ruling on Canadian rapeseed imports. The short - term spot demand is in the peak season, and low inventory supports the market, but after the National Day, demand will enter the off - season, and Sino - Canadian trade negotiations are still uncertain. The market is expected to be in a volatile and slightly strong pattern in the short term [9]. Summary by Directory 1. Daily Hints - Rapeseed meal RM2601 is in the 2520 - 2580 range. The market is influenced by multiple factors and is expected to be volatile and slightly strong in the short term [9]. 2. Recent News - Domestic aquaculture is in the peak season, and the listing of domestic rapeseed has improved the tight supply expectation in the spot market, with good demand expectations. - China's preliminary anti - dumping ruling on Canadian rapeseed imports is established, and a 75.8% import deposit has been imposed. The final result is still uncertain. - Global rapeseed production has increased this year, especially in Canada. - The Russia - Ukraine conflict continues, and the decrease in Ukraine's rapeseed production and the increase in Russia's production offset each other. Geopolitical conflicts may still rise and support commodities [11]. 3. Long and Short Concerns - **Likely Positive Factors**: China's preliminary anti - dumping determination on Canadian rapeseed imports and low inventory pressure on oil mills' rapeseed meal. - **Likely Negative Factors**: The concentrated listing of domestic rapeseed and the uncertainty of the final anti - dumping result on Canadian rapeseed imports [12]. 4. Fundamental Data - **Price and Basis**: The spot price is 2600, and the basis is 67, indicating a premium over the futures, which is a positive factor. - **Inventory**: Rapeseed meal inventory is 1.8 million tons, a 28% week - on - week decrease from 2.5 million tons last week and a 25% year - on - year decrease from 2.4 million tons last year, which is a positive factor. - **Market Trends**: The price is below the 20 - day moving average and moving downward, which is a negative factor [9]. 5. Position Data - The main short positions have increased, and funds have flowed out, which is a negative factor [9].

Group 1 - The Canadian government is reviewing the current tariff rates on electric vehicles, steel, and aluminum imported from China, aiming to regain access to the Chinese market for canola, which is Canada's largest agricultural export [1][2] - A trade delegation from Saskatchewan, led by Premier Scott Moe, will visit China from September 6 to September 9 to advocate for the removal of punitive tariffs on Canadian canola [1][2] - The Canadian Ministry of Finance is also assessing whether to maintain the current tariffs on Chinese electric vehicles, steel, and aluminum, as imports of these products have significantly decreased since the tariffs were implemented [1][2] Group 2 - Canada imposed a 100% tariff on electric vehicles and a 25% tariff on steel and aluminum from China in October 2022, following the U.S. lead [2] - China initiated an anti-dumping investigation against Canadian canola on September 9, 2022, leading to a temporary anti-dumping measure with a 75.8% deposit starting August 14, 2025, which has severely impacted Canadian canola exports [2] - The ongoing trade dispute has prompted discussions in Canada about potentially removing tariffs on Chinese electric vehicles to alleviate the pressure on canola exports [2][3] Group 3 - The Chinese Ministry of Commerce has extended the anti-dumping investigation period for Canadian canola until March 9, 2026 [3]

Group 1 - The Ministry of Commerce of China announced an anti-dumping investigation into imported halogenated butyl rubber originating from Canada, Japan, and India, as per the Anti-Dumping Regulations of the People's Republic of China [1] - The investigation period has been extended to March 14, 2026, due to the complexity of the case, in accordance with Article 26 of the Anti-Dumping Regulations [1]

Core Viewpoint - The Ministry of Commerce has announced the extension of anti-dumping investigations on certain imported products from Canada, Japan, India, and the EU, indicating ongoing trade tensions and regulatory scrutiny in the import sector [2][3][4]. Group 1: Anti-Dumping Investigations - The investigation period for imported halogenated butyl rubber from Canada, Japan, and India has been extended to March 14, 2026, due to the complexity of the case [2]. - The investigation period for imported canola seeds from Canada has been extended to March 9, 2026, also citing case complexity [3]. - A preliminary ruling has been made regarding imported pork and pig by-products from the EU, indicating that dumping exists and has caused substantial harm to the domestic industry, with a causal relationship established [4]. Group 2: Temporary Measures and Comments - The Ministry of Commerce will implement temporary anti-dumping measures in the form of a cash deposit starting September 10, 2025, for the imported pork and pig by-products from the EU [5][10]. - Stakeholders have a 10-day window from the announcement date to submit written comments to the investigating authority [11].

Group 1 - The Ministry of Commerce has initiated a preliminary ruling on anti-dumping measures against imported pork and pork products from the EU, deciding to implement temporary anti-dumping measures in the form of a cash deposit [1] - The investigation was launched on June 17, 2024, and the deadline for the investigation was extended to December 16, 2025, following a request from the domestic industry [1] - The preliminary investigation results indicate that dumping behavior by EU products and the resulting damage to the domestic industry have been established, leading to the announcement of the preliminary ruling on September 5, 2025 [1] Group 2 - The preliminary tax rates for sampled companies are set at 15.6% for Spain's Litera Meat Company, 31.3% for Denmark's Crown Company, and 32.7% for the Netherlands' Vianen Boxster Company, with a uniform rate of 20.0% for cooperating EU companies and 62.4% for non-cooperating companies [2] - Since 2025, China has not initiated any new investigations against the EU, only concluding two anti-dumping cases, while the EU has initiated six investigations against China [2] - China emphasizes a cautious approach to trade remedy measures and is willing to resolve trade frictions through dialogue and consultation with the EU [2]

Core Viewpoint - The Ministry of Commerce of China has initiated a preliminary anti-dumping investigation into imported pork and pork products from the European Union, deciding to implement temporary anti-dumping measures based on initial findings [1]. Group 1: Investigation Details - The anti-dumping investigation was launched on June 17, 2024, following a request from the domestic industry [1]. - The investigation period was extended to December 16, 2025, as announced on June 10, 2025 [1]. - The investigation process included issuing questionnaires, gathering opinions, visiting domestic enterprises, and conducting on-site checks of EU companies, ensuring transparency and protection of stakeholders' rights [1]. Group 2: Preliminary Findings - Initial findings indicate that dumping activities by EU companies have caused damage to the domestic industry, establishing a causal relationship [1]. - The preliminary ruling, announced on September 5, 2025, includes temporary anti-dumping measures in the form of a cash deposit [1]. - The preliminary tax rates for sampled companies are as follows: 15.6% for Spain's Litera Meat Company, 31.3% for Denmark's Crown Company, and 32.7% for the Netherlands' Vion Foods. Other cooperating EU companies will face a uniform rate of 20.0%, while non-cooperating companies will be subject to a rate of 62.4% [1]. Group 3: Trade Relations Context - China has exercised caution and restraint in using trade remedy measures, having not initiated any new investigations against the EU since 2025, except for two cases involving brandy and formaldehyde [2]. - The EU has initiated six anti-dumping investigations against China and has imposed temporary anti-dumping duties on 16 cases, with final rulings on 12 cases [2]. - China opposes the abuse of trade remedy measures and is open to dialogue with the EU to resolve trade frictions and maintain overall economic cooperation [2].

Group 1 - The core viewpoint of the announcement is that the Ministry of Commerce has initiated an anti-dumping investigation into imported pork and pig by-products from the European Union, concluding that dumping exists and has caused substantial harm to the domestic industry [1][2][3] Group 2 - The specific products under investigation include fresh, chilled, frozen pork, edible offal, and various forms of pig fat and intestines, categorized under specific tariff codes [5][6] - The investigation will lead to the collection of a cash deposit from importers starting September 10, 2025, based on the determined rates for each company [2][6] - Stakeholders have a 10-day window from the announcement date to submit written comments to the investigating authority [7]

Report Industry Investment Ratings - Iron ore: Oscillating [2] - Coking coal and coke: Oscillating weakly [2] - Rolled steel and rebar: Weakly [2] - Glass: Oscillating weakly [2] - SSE 50 Index: Oscillating [2] - CSI 300 Index: Oscillating [2] - CSI 500 Index: Oscillating [4] - CSI 1000 Index: Downward [4] - 2 - year Treasury bond: Oscillating [4] - 5 - year Treasury bond: Oscillating [4] - 10 - year Treasury bond: Rebounding [4] - Gold: Oscillating strongly [4] - Silver: Oscillating strongly [4] - Pulp: Consolidating [6] - Logs: Weakly oscillating [6] - Soybean oil: Oscillating [6] - Palm oil: Oscillating [6] - Rapeseed oil: Oscillating [6] - Soybean meal: Oscillating weakly [6] - Rapeseed meal: Oscillating weakly [6] - Soybean No. 2: Oscillating weakly [6] - Soybean No. 1: Oscillating weakly [7] - Live pigs: Oscillating strongly [7] - Rubber: Oscillating [9] - PX: On - hold [9] - PTA: Oscillating [9] - MEG: On - hold [9] - PR: On - hold [9] - PF: On - hold [9] Core Views - The steel industry's steady - growth policy from 2025 - 2026 doesn't limit steel production, focusing on industrial added - value. The iron ore market has limited fundamental contradictions and is expected to oscillate at high levels. The coal - coke market is weakening, and the rolled steel and rebar market is in a weak fundamental pattern [2]. - The overall market is weakening, and it is recommended to control risk appetite and reduce long positions in stock indices. Treasury bonds are trending weakly, and long positions should be held lightly. Gold and silver are expected to oscillate strongly due to various factors such as central bank buying, geopolitical risks, and interest - rate expectations [4]. - Pulp is expected to oscillate and rise, but the increase may be limited. Logs are expected to run weakly. Oils and fats are likely to oscillate, and meal products are expected to oscillate weakly. Live pigs are expected to see a slight price increase [6][7]. - Natural rubber is expected to remain strong in the short - term due to supply constraints and inventory decline. PX, PTA, MEG, PR, and PF in the polyester industry have different trends based on factors like supply - demand and cost [9]. Summary by Industry Black Industry - **Iron ore**: The 2025 - 2026 steel industry policy doesn't limit production. The price is relatively strong, with limited fundamental contradictions. The expected reduction in daily hot - metal production in the Beijing - Tianjin - Hebei region has little impact on demand, and it is expected to oscillate at high levels [2]. - **Coking coal and coke**: The fundamentals are weakening, with increasing supply and decreasing demand. It is expected to oscillate weakly [2]. - **Rolled steel and rebar**: The supply remains high, and the total demand is difficult to show counter - seasonal performance. The inventory is accumulating, and it is expected to run weakly [2]. - **Glass**: The market sentiment has cooled, and the supply - demand pattern hasn't improved significantly. The key lies in the cold - repair path, and it is expected to oscillate weakly [2]. Financial Industry - **Stock indices**: Most stock indices are in an oscillating state, with the CSI 1000 Index trending downward. The market is weakening, and risk control is recommended [2][4]. - **Treasury bonds**: The yields are fluctuating, and the market is trending weakly. Long positions should be held lightly [4]. - **Precious metals**: Gold and silver are expected to oscillate strongly due to factors such as central bank buying, geopolitical risks, and interest - rate expectations [4]. Light Industry - **Pulp**: The cost supports the price, but the demand improvement is uncertain. It is expected to oscillate and rise, but the increase may be limited [6]. - **Logs**: The supply pressure is small, the peak season expectation is uncertain, and the delivery willingness is weak. It is expected to run weakly [6]. Agricultural Products Industry - **Oils and fats**: The supply of raw materials is relatively loose, and the demand is growing. It is expected to oscillate, and attention should be paid to weather and production - sales conditions [6]. - **Meal products**: The market sentiment has worsened, the supply is abundant, and the demand is weakening. It is expected to oscillate weakly [6][7]. - **Live pigs**: The average transaction weight is decreasing, the slaughter rate is rising, and the price is expected to rise slightly [7]. Soft Commodities and Polyester Industry - **Natural rubber**: The supply is tight, the demand is relatively stable, and the inventory is decreasing. It is expected to remain strong in the short - term [9]. - **PX, PTA, MEG, PR, PF**: Their trends are affected by factors such as supply - demand, cost, and market sentiment, with different performance and expectations [9].