Energy - Vietnam has signed a nuclear energy cooperation agreement with France [1] - Russia is in deep discussions with Bahrain regarding a liquefied natural gas supply agreement [1] - The US has invited officials from Japan and South Korea to Alaska to discuss cooperation, including a large natural gas pipeline project [1] - HSBC expects OPEC+ to announce an acceleration in supply increases in July, similar to May and June, with a pause in production increases expected in Q1 2026. The forecast for Brent crude oil prices is $68.5 per barrel in 2025 and $65 per barrel in 2026, with increasing downside risks [1] - Egypt's Ministry of Petroleum announced the arrival of a floating storage and regasification unit, ENERGOS POWER, from Germany with a capacity of 174,000 cubic meters, and plans to lease two additional units [1] Precious Metals and Mining - The Democratic Republic of the Congo aims to reach a mineral agreement with the US regarding eastern rebellion by the end of June [2] - The Turkish Finance Minister stated that the country has over $400 billion in unregistered gold reserves, which are not reflected in the banking system and reserves [2] - Citigroup has raised its 0-3 month target price for gold to $3,500 per ounce due to new tariff escalations, expecting gold prices to consolidate between $3,100 and $3,500 per ounce. The target prices for platinum and palladium remain unchanged at $1,050 and $900 per ounce, respectively [2] Agriculture - Japan's Ministry of Agriculture, Forestry and Fisheries announced a new government rice reserve release plan, moving away from bidding to direct contracts with large retailers, with a pre-tax price of 10,700 yen for 60 kilograms of brown rice, which is 47% cheaper than the most recent bid price [2]

冯德莱恩：若有具体的贸易协议 可能会访问美国 金十数据5月9日讯，欧盟委员会主席冯德莱恩表示，一旦具体的贸易方案摆在桌面上，她可以设想访问 华盛顿与特朗普会面，讨论贸易谈判。冯德莱恩说："如果我去白宫，我希望有一个我们可以讨论的一 揽子计划。""它必须是具体的，我希望有一个我们双方都能同意的解决方案。这就是我们现在正在做的 工作。"上个月，冯德莱恩在教皇方济各的葬礼上与特朗普短暂会面，但正式会议尚未举行。周四，欧 盟委员会公布，如果与美国的贸易谈判未能取得令人满意的结果，欧盟将对950亿欧元的美国出口产品 征收额外关税。冯德莱恩周五表示，欧盟倾向于通过谈判解决，避免关税升级，但正在制定对策，如果 不能达成"令人满意的结果"，就可以实施。 ...

联署企业一致反对"关税倒逼制造业回流"的逻辑。Nike、adidas等指出，运动鞋生产依赖精密模具与熟 练工人，转移产能将导致至少18-24个月断供，且美国缺乏配套产业链。据国信证券分析，鞋服类产品 加价倍数普遍为5倍，供应链利润空间仅能承受约5%的关税分摊，最终涨价压力将转嫁消费者。 目前，美国零售联合会已预警关税将加剧通胀，运动鞋均价或上涨10%。行业巨头正加速调整物流体 系，部分品牌将库存转移至美国本土仓库以缓冲冲击，但长期仍依赖政策调整。 联名信指出，鞋类制造回流美国需"巨额资本投入与数十年规划"，而当前供应链高度依赖越南、印尼等 亚洲生产基地。数据显示，Nike约50%、adidas 39%的鞋履产能集中于越南，两国合计贡献全球运动鞋 产量的60%以上。若加征关税，美国消费者将承担近100%的税负，工薪家庭购鞋成本或翻倍。 FDRA强调，鞋类平均关税已达11.3%，部分品类税率高达67.5%，若叠加25%新税，部分儿童鞋总税率 将飙升至220%，远超企业承受能力。平价品牌首当其冲，可能导致库存短缺与大规模倒闭潮。尽管美 国政府提出"90天暂缓期"，但越南、印尼等核心产区仍面临供应链中断风险。 （原标 ...

Investment Rating - The investment rating for the agriculture sector is "Positive" (maintained) [1] Core Views - The agriculture sector's public fund heavy holdings have decreased in Q1 2025, but there is an expectation for a rebound in Q2 2025 due to enhanced investment logic driven by the US-China tariff escalation [4][13] - The livestock sector shows low valuation recovery potential, while the pet sector's domestic brand growth logic continues to strengthen [6][22][24] Summary by Sections Weekly Observation - In Q1 2025, the public fund heavy holdings in the agriculture sector decreased, with total market value dropping to 12,367 billion yuan, a 0.40% decrease quarter-on-quarter, and accounting for 1.69% of the A-share market [4][13] - The heavy holdings in the agriculture sector represented 0.40% of the total public fund stock investment, down from 0.44% in Q4 2023 [4][13] Weekly Insights - The low valuation of the pig sector presents a buying opportunity, supported by a recovery in consumption and macro policies [22] - The feed sector benefits from the post-cycle of poultry and livestock, with strong overseas demand supporting prices [22] Market Performance (April 21-25) - The agriculture index underperformed the market by 0.72 percentage points, with the Shanghai Composite Index rising by 0.56% while the agriculture index fell by 0.16% [25][29] - The pet food sector led the gains, with individual stocks like Zhongchong Co. and Guibao Pet rising significantly [25][31] Price Tracking (April 21-25) - The average price of live pigs was 14.95 yuan/kg, down 0.02 yuan/kg from the previous week, while the average price of white strip meat increased by 0.05 yuan/kg to 19.31 yuan/kg [36] - The average price of beef rose to 68.52 yuan/kg, reflecting a 0.84% increase [36][43] Key News (April 21-25) - The number of breeding sows at the end of Q1 2025 was 40.39 million, a 1.0% decrease quarter-on-quarter but a 1.2% increase year-on-year, indicating stable production capacity [33]

来源：国际财闻汇 【 热门视频推荐 】 点击在 看 持续关注↓↓↓ 4月11日，特斯拉中国官网显示，目前 Model S / X 车型已不再提供单独的"订购新车"选项，目前相应车型页面中仅显示有"查看现车"按钮，点击"查看现 车"则可以看到一系列车型信息。 这意味着消费者无法再通过官网直接定制这两款车型的新车，仅能选择库存现车或二手车。 此次调整恰逢特朗普关税升级的关键节点。据悉，上述两款车型均由特斯拉美国工厂生产。 ...