Core Points - The South Korean presidential office emphasizes the focus on mutually beneficial outcomes in trade negotiations with the United States [1] - Discussions include key sectors such as semiconductors, batteries, and the biopharmaceutical industry [1] Industry Summary - The semiconductor industry is highlighted as a critical area of discussion, indicating its importance in the trade relationship [1] - The battery sector is also a focal point, reflecting the growing demand for energy storage solutions and electric vehicle components [1] - The biopharmaceutical industry is mentioned, suggesting potential collaboration and investment opportunities in healthcare and biotechnology [1]

Group 1 - Gold prices are currently trading around $3327.60 per ounce, showing a rebound after a significant drop, with ongoing market speculation ahead of key economic data releases and the Federal Reserve's monetary policy meeting [1] - Crude oil prices have risen over 3% to approximately $69.22 per barrel, driven by optimism regarding the easing of trade tensions and increased pressure from the U.S. on Russia regarding the Ukraine conflict [1] - The upcoming Federal Open Market Committee (FOMC) meeting is expected to maintain a cautious stance, with market expectations for potential rate cuts in September or by the end of the year, which could impact the strength of the U.S. dollar and subsequently affect gold prices [1] Group 2 - Gold is currently facing resistance around $3438 and has retreated to a strong support level near $3320, indicating a potential trading opportunity for short-term positions [3] - The trading strategy for gold suggests entering long positions around $3325 with a stop loss at $3315, targeting price levels between $3338 and $3355 [3] - Crude oil is showing a strong upward trend, with a focus on confirming a second upward movement after a potential pullback, indicating a bullish outlook in the short term [3]

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Views of the Report - The non - US copper market has low inventory, and the domestic copper market is expected to have a situation of weak supply and strong demand, but the short - term price lacks an obvious upward driver. Zinc has an increase in supply and weak demand, and the price is expected to be weak. The aluminum industry chain is recommended to be short - sold, and the fundamentals of tin are weak. Lead shows a range - bound trend, and nickel and stainless steel are in a weak situation [3][4][5][6][7][8] Group 3: Summary by Directory 1. Part One: Logic of Non - ferrous Metals Operation and Investment Suggestions - **Macro Logic**: The non - ferrous metals sector adjusts and falls after taking profits in the domestic anti - involution stage. The market focuses on trade negotiations and domestic policies. The US - EU trade agreement boosts the US dollar, putting pressure on non - ferrous metals [11] - **Investment Suggestions for Each Metal** - **Copper**: It is expected to stop falling and rebound, with support at 78000 - 79000 and pressure at 80000 - 82000. Suggested to buy at low prices [13] - **Zinc**: It is expected to be weakly volatile, with support at 21600 - 21800 and pressure at 22800 - 23100. Suggested to short at high prices [13] - **Aluminum Industry Chain**: It is expected to be weakly volatile. Suggested short - selling for aluminum, alumina, and cast aluminum alloy [13][14] - **Tin**: It is expected to be weakly volatile, with support at 250000 - 255000 and pressure at 270000 - 290000. Suggested short - selling [14] - **Lead**: It is expected to fluctuate in a range, with support at 16600 - 16800 and pressure at 17200 - 17400. Suggested to buy at low prices [14][15] - **Nickel**: It is expected to be bearish, with support at 115000 - 116000 and pressure at 122000 - 123000. Suggested to short at high prices [15] - **Stainless Steel**: It is expected to be weakly volatile, with support at 12300 - 12400 and pressure at 12800 - 13000. Suggested to short at high prices [15] 2. Part Two: Review of Non - ferrous Metals Market - The closing prices and daily changes of copper, zinc, aluminum, alumina, tin, lead, nickel, stainless steel, and cast aluminum alloy are presented [16] 3. Part Three: Position Analysis of Non - ferrous Metals - The latest position analysis of the non - ferrous metals sector includes information on net long and short positions, their changes, and influencing factors for different varieties [18] 4. Part Four: Spot Market of Non - ferrous Metals - The spot prices and daily changes of copper, zinc, aluminum, alumina, nickel, stainless steel, tin, lead, and cast aluminum alloy are provided [19][21] 5. Part Five: Non - ferrous Metals Industry Chain - Charts related to the industry chain of copper, zinc, aluminum, alumina, tin, lead, nickel, and stainless steel are presented, including inventory changes, processing fees, and price trends [22][26][28][33][39][41][46][52] 6. Part Six: Non - ferrous Metals Arbitrage - Charts related to the arbitrage of copper, zinc, aluminum, alumina, tin, lead, nickel, and stainless steel are presented, including ratio changes, basis, and spread trends [54][56][59][62][66][69][70] 7. Part Seven: Non - ferrous Metals Options - Charts related to the options of copper, zinc, and aluminum are presented, including historical volatility, implied volatility, trading volume, and open interest [72][73][75]

1. Report Industry Investment Ratings - **Macro Finance**: Defensive wait-and-see for stock indices, take profit for treasury bonds [1][6] - **Black Building Materials**: Temporarily wait-and-see for rebar, oscillate for iron ore and coking coal and coke [1][6] - **Non-ferrous Metals**: Range trading or wait-and-see for copper, wait-and-see for aluminum, suggest wait-and-see or short on rallies for nickel, range trading for tin, gold, and silver [1][11] - **Energy and Chemicals**: Oscillate for PVC, caustic soda, styrene, rubber, urea, and methanol; wide-range oscillation for polyolefins; short lightly for soda ash [1][21] - **Cotton Textile Industry Chain**: Oscillate and adjust for cotton and cotton yarn, oscillate strongly for apples and jujubes [1][36] - **Agriculture and Animal Husbandry**: Short on rallies for pigs and eggs; wide-range oscillation for corn; oscillate strongly for soybean meal and oils [1][38] 2. Core Views of the Report - The report provides investment ratings and trading suggestions for various futures varieties based on current market conditions, including macro events, supply and demand fundamentals, and policy expectations [1][6] - It emphasizes the importance of paying attention to key events such as the Sino-US economic and trade talks, the Politburo meeting, and the Fed's interest rate decision, as well as the impact of these events on the market [6][11] - For each variety, it analyzes the supply and demand situation, cost factors, and market sentiment to predict the future price trend and provides corresponding investment strategies [6][8] 3. Summaries According to Relevant Catalogs Macro Finance - **Stock Indices**: Due to the Sino-US economic and trade talks and the Politburo meeting, combined with the high margin trading and the decline in fund holding ratio, the stock indices may oscillate, especially with potential small fluctuations during the intensive disclosure period of mid-year reports in late August [6] - **Treasury Bonds**: Although the bond market rebounded on Monday and the central bank's capital injection improved market sentiment, the market is still in the paradigm of "trading bonds based on commodities" and "trading bonds based on stocks." Attention should be paid to whether the important meeting will bring incremental demand-side policies. If demand improves, the bond market may not be overly optimistic [6] Black Building Materials - **Rebar**: On Tuesday, the rebar futures price rose significantly. The market is trading on the expectation of the Politburo meeting. Fundamentally, supply and demand are relatively balanced. In the short term, it is expected to enter an oscillating pattern, and investors can wait and see or conduct short-term trading [8] - **Iron Ore**: On Tuesday, the iron ore futures price oscillated strongly. Affected by the macro sentiment, the impact on iron ore is relatively small. The supply is expected to increase in the long term, but the current high profit of steel products and the expectation of the meeting support the price. It is expected to oscillate at a high level [8] - **Coking Coal and Coke**: The supply of coking coal is tight locally, and the import is improving. The demand for coke is strong, and the supply and demand structure is tight. The price of coking coal is expected to oscillate, and the price of coke may continue to rise [9] Non-ferrous Metals - **Copper**: Affected by the US copper import tariff policy and the change in domestic demand, the copper price is expected to oscillate in a range. It is recommended to conduct range trading or wait and see [11] - **Aluminum**: The price of bauxite is supported, but the supply of imported ore may increase in the third quarter. The production capacity of alumina and electrolytic aluminum is increasing, while the downstream demand is weak. It is recommended to wait and see for aluminum and short on rallies for alumina [12][13] - **Nickel**: The supply of nickel is in excess in the medium and long term, and the consumption growth is limited. It is recommended to short on rallies, with the main contract reference range of 118,000 - 124,000 yuan/ton; for stainless steel, it is recommended to conduct range trading, with the main contract reference range of 12,500 - 13,200 yuan/ton [14][15] - **Tin**: The production of refined tin is stable, and the consumption of the semiconductor industry is expected to recover. The supply and demand gap of tin ore is improving. It is recommended to conduct range trading, with the reference range of the SHFE tin 09 contract being 245,000 - 270,000 yuan/ton [16] - **Gold and Silver**: Affected by the Sino-US trade talks and the Fed's interest rate decision, the market's risk aversion sentiment has decreased, but there are still concerns about the US fiscal situation and geopolitical situation. It is recommended to conduct range trading carefully, with the reference range of the SHFE gold 10 contract being 757 - 805 and the SHFE silver 10 contract being 8,700 - 9,500 [18][19] Energy and Chemicals - **PVC**: The cost is low, the supply is high, and the demand is weak. The inventory is slightly lower than last year, and the sustainability of exports is uncertain. It is expected to oscillate in the short term, and the 09 contract can focus on the range of 5,150 - 5,350 [21][22] - **Caustic Soda**: The supply is abundant, and the demand has rigid support but the growth rate slows down. The spot price is stable and weak, and the near-month contract is under pressure. It is expected to oscillate, and the 09 contract can focus on the range of 2,500 - 2,700 [24] - **Styrene**: The cost is under pressure, the supply is expected to increase, and the demand may weaken. The macro environment is favorable, and the price is expected to oscillate, with the focus on the range of 7,200 - 7,600 [26] - **Rubber**: The raw material price is high, providing cost support. The downstream demand is general, and the price is expected to oscillate strongly, with the focus on the pressure level of 15,000 [28] - **Urea**: The supply decreases slightly, the demand from compound fertilizer enterprises increases, and the industrial demand is stable. The inventory pattern is neutral, and the price is expected to be weak first and then strong, with the support level of 1,700 - 1,730 and the pressure level of 1,820 - 1,850 [31] - **Methanol**: The supply increases slightly, the demand from the methanol-to-olefins industry is stable, and the traditional demand is weak. The inventory decreases, and the price may face a certain correction [32][33] - **Polyolefins**: Affected by the macro sentiment and cost factors, the price is expected to oscillate weakly in the short term. The L2509 contract can focus on the range of 7,200 - 7,500, and the PP2509 contract can focus on the range of 6,900 - 7,200 [34] - **Soda Ash**: After the market sentiment cools down, the futures price of soda ash has fallen back. The supply is expected to increase in August, and the price is overestimated. It is recommended to short lightly [34] Cotton Textile Industry Chain - **Cotton and Cotton Yarn**: According to the USDA report, the global cotton production and consumption in the 2025/26 season are expected to increase, and the ending inventory will also increase. The Xinjiang cotton production is expected to be good, and the downstream consumption is light. The futures price is expected to oscillate and adjust [36] - **Apples**: The spot market is stable, the inventory of old-season apples is low, and the early-maturing apples are in stable demand. The price is expected to oscillate strongly in the high range [36] - **Jujubes**: The jujube trees in the main producing areas are in the growth period, and the second and third crops of flowers have a good fruit set. The supply in the sales area is low, and the price of high-quality products is strong. It is expected that the spot price will be stable and strong in the short term [37] Agriculture and Animal Husbandry - **Pigs**: The supply is strong and the demand is weak, and the pig price is under pressure. However, the resistance from the breeding side and the entry of secondary fattening limit the decline. In the medium and long term, the supply will gradually increase. It is recommended to short on rallies for the near-month contracts, and consider the arbitrage strategy of long 05 and short 03 [38][39] - **Eggs**: The short-term supply pressure is weakened by the decline in egg production rate, and the demand is expected to increase seasonally. However, the large supply in the medium and long term restricts the increase. It is recommended to short on rallies for the 09 contract and wait to go long on dips for the 12 and 01 contracts [40][41] - **Corn**: The short-term supply and demand game intensifies, and the spot price has limited upward and downward space. The medium and long-term supply and demand are tightened, but the supply from substitutes limits the increase. It is recommended to be cautious about going long unilaterally in the short term, with the range of 2,250 - 2,350, and consider the 9 - 1 reverse arbitrage opportunity [42][43] - **Soybean Meal**: In the short term, the good weather in the US soybean producing areas and the abundant supply in China suppress the price. In the long term, there is a potential supply gap, and the price is expected to be strong. It is recommended to cautiously go long on the M2509 contract and go long on dips for the M2511 and M2601 contracts [44][45] - **Oils**: The short-term market sentiment is bearish, but the supply and demand of Indonesian palm oil are balanced, and the demand from China and India still exists. The short-term price is expected to oscillate, and it is recommended to go long on dips. The 09 contracts of soybean oil, palm oil, and rapeseed oil can focus on the ranges of 8,000 - 8,200, 8,900 - 9,200, and 9,300 - 9,600 respectively [45][51]

Core Viewpoint - A significant trade conflict is escalating between China and the United States, particularly affecting agricultural products, as China has ended tariff exemptions on U.S. agricultural imports, leading to increased tariffs and potential market shifts [1][3][4]. Group 1: Impact on U.S. Agriculture - The U.S. agricultural sector faces severe consequences, with tariffs on beef expected to rise from 32.5% to 62.0%, making U.S. beef more expensive than competitors like Australian and Brazilian beef [3][4]. - Pork tariffs could increase from 57% to 87%, drastically reducing the share of U.S. pork in China's imports from 18% to single digits [3][4]. - The agricultural market is experiencing a broad impact, with various products like grains, oilseeds, and nuts losing competitiveness in China [3][4]. Group 2: China's Agricultural Landscape - China is projected to produce 57.06 million tons of domestic pork in 2024, with U.S. pork imports constituting only 0.7% of its supply, indicating minimal impact from the U.S. exit [5]. - The demand for U.S. pork by Chinese fast-food and hotpot restaurants is expected to decline, leading to a potential 15% increase in domestic substitute prices [5]. - South American countries are seizing the opportunity to expand their market share in China, with Brazil investing $5 billion to enhance cold chain logistics and Argentina accelerating beef export certifications [5]. Group 3: Strategic Adjustments by Allies - U.S. allies are adjusting their strategies in response to the trade conflict, with the EU and Japan negotiating favorable terms in exchange for tariff concessions [7]. - China's termination of agricultural tariff exemptions signals a refusal to engage in one-sided concessions during negotiations [7]. Group 4: Future Projections - The ongoing trade negotiations are critical, with the U.S. agricultural sector expressing concerns about the long-term implications of the tariff increases, particularly for pork, which may follow the trajectory of soybeans, whose market share in China has drastically declined [9]. - The anticipated U.S. pork imports to China are expected to drop from 408,000 tons in 2024 to less than 100,000 tons this year, indicating a significant market shift [9].

Market Performance - The three major U.S. stock indices all declined, with the S&P 500 dropping over 0.2%, the Dow Jones falling approximately 200 points with a decline exceeding 0.4%, and the Nasdaq decreasing by 0.3% [1] Bond Market - U.S. Treasury yields expanded their decline, with the 30-year Treasury yield reaching a new low since July 11 [1] Currency Exchange - The South Korean won maintained its upward trend against the U.S. dollar, rebounding from a daily low of 1394.87 won to a daily high of 1386.99 won [1] ETFs - Korean ETFs listed in the U.S. sustained a gain of over 1.2% [1] Trade Negotiations - U.S. Secretary of Commerce Gina Raimondo urged South Korea to present the best trade proposals during trade negotiations [1]

作为8月1日截止日期前的临时措施，印度正准备应对美国可能征收的20%-25%关税，同时计划在美国代 表团8月中旬访问时重启更广泛的贸易谈判。 周二，据媒体援引两名印度政府消息人士透露，印度决定在华盛顿8月1日截止日期前暂缓新的贸易让 步，转而寻求通过全面双边协议解决贸易分歧。一名印度官员表示，目标是在9月或10月前敲定全面双 边协议。 考虑到已经进行的五轮贸易谈判，我们认为这将是临时措施。协议很快就会达成。 印度贸易部长Piyush Goyal上周表示，印度在美国贸易谈判中取得了"极好的"进展。印度官员表示，新 德里已提出对广泛商品削减关税，并正在努力缓解非关税壁垒。 农业和乳制品成为谈判障碍 尽管谈判取得进展，农业和乳制品仍是"禁区"。印度不愿意允许转基因大豆或玉米进口，也不愿开放其 乳制品行业。 据见闻文章援引环球时报此前报道，印度此前一直抵制为美国农产品提供更大市场准入，以保护构成重 要选民群体的本国农民。 特朗普周一表示，大多数未谈判独立贸易协议的合作伙伴很快将面临15%-20%的出口关税，远高于他4 月征收的10%广泛关税。美国贸易代表Jamieson Greer表示，与印度的谈判需要更多磋商，因为 ...

1. Report Industry Investment Ratings - Index: Bullish [1] - Treasury Bonds: Sideways [1] - Gold: Sideways, with a bullish pattern for silver [4] - Non - ferrous Metals (Copper): Sideways [4] - Non - ferrous Metals (Aluminum and Alumina): Sideways for alumina, cautious and bearish short - term, long - term bullish for aluminum [4] - Non - ferrous Metals (Nickel): Sideways [4] - Lithium Carbonate: Sideways [6] - Silicon Energy: Sideways [6] - Steel and Ore (Threaded Steel): Bullish pattern [6] - Steel and Ore (Hot - Rolled Coil): Bullish pattern [6] - Steel and Ore (Iron Ore): Sideways pattern [7] - Coking Coal and Coke (Coking Coal): Sideways [7] - Coking Coal and Coke (Coke): Sideways [7] - Soda Ash/Glass (Soda Ash): Sideways pattern [7] - Soda Ash/Glass (Float Glass): Sideways pattern [7] - Crude Oil: Sideways [9] - Methanol: Bullish [9] - Polyolefins: Sideways [9] - Cotton: Sideways and bullish [9] - Rubber: Cautiously bullish [9] 2. Core Views of the Report - The overall upward trend of the stock index is clear, and there are opportunities to go long on dips; the bond market is affected by sentiment and the stock - commodity market, with reduced upward pressure but high uncertainty [1] - Gold is in a high - level sideways pattern, and silver has strong support. It is recommended to hold short - put option positions and go long on silver [4] - The copper market is affected by the US copper tariff policy, with high uncertainty and a sideways pattern [4] - Alumina is affected by sentiment in the short - term, with a medium - term surplus pattern; aluminum has clear supply constraints and a relatively stable long - term bullish strategy [4] - Nickel lacks directional drivers and is in a sideways pattern, and the short - call option position can be held [4] - The long - term logic of "anti - involution" in the steel and ore market remains valid, but short - term factors are differentiated. Each variety has different supply - demand situations and corresponding strategies [6][7] - The soda ash market has a supply surplus, and the glass market has a relatively better fundamental situation. It is recommended to hold the long - glass and short - soda ash strategy [7] - The crude oil market is affected by geopolitical factors, with a risk premium increase and a sideways pattern [9] - Methanol has price support, and it is recommended to sell put options [9] - Polyolefins have a low basis, and the futures may continue to fluctuate [9] - Cotton prices may fluctuate in a moderately bullish range before September - October [9] - Rubber is in a situation of both supply and demand increasing, with a sideways price trend [9] 3. Summaries According to Related Catalogs 3.1 Stock Index - On Monday, the A - share market had a narrow - range consolidation, with the ChiNext remaining strong and the trading volume slightly decreasing. The stock index futures were in a high - level consolidation, and the discount of IC and IM widened again [1] - The "anti - involution" sentiment in the market cooled down, and the market returned to a state of rapid sector rotation. The macro - level is affected by Sino - US economic and trade talks, and the fundamental long - term logic of corporate profit repair remains unchanged. The upward trend of the stock index is clear, and attention should be paid to the opportunity to go long on dips [1] 3.2 Treasury Bonds - The bond market rebounded across the board, and the upward pressure on the bond market decreased. The central bank made large - scale net injections, and the liquidity was abundant. The bond market is affected by sentiment and the stock - commodity market in the short - term, with high uncertainty [1] 3.3 Gold and Silver - Gold is in a high - level sideways pattern, lacking short - term drivers. If it pulls back to the lower edge of the operating range since June, short - term long positions can be considered. The gold - silver ratio continues to converge, and silver has strong price support. It is recommended to hold short - put option positions and go long on silver [4] 3.4 Non - ferrous Metals Copper - The Shanghai copper market is mainly affected by the US copper tariff policy. The medium - long - term supply of the mining end is tight, and the short - term import demand depends on policies. The market has high uncertainty and is in a sideways pattern [4] Aluminum and Alumina - Alumina is affected by sentiment in the short - term, with a medium - term surplus pattern. The short - term demand for aluminum is cautious, but the supply constraints are clear, and the long - term bullish strategy is relatively stable [4] Nickel - The supply of nickel has a tight situation in Indonesia's mines and abundant production capacity of nickel iron and intermediate products. The demand is in the off - season. The market "anti - involution" sentiment cooled down, and the nickel price lacks directional drivers, remaining in a sideways pattern. The short - call option position can be held [4] 3.5 Lithium Carbonate - The exchange adjusted the handling fee and daily opening limit, and the long - position sentiment in the lithium carbonate futures market weakened. The supply pattern has limited improvement, and there is still inventory accumulation pressure. Attention should be paid to the mining license approval results of key mines in Jiangxi in early August [6] 3.6 Silicon Energy - The silicon energy market has limited new orders for polysilicon, and downstream procurement is cautious. The industrial silicon market is mainly driven by polysilicon in the early stage, and the fundamental situation has not improved substantially, with the bullish sentiment fading [6] 3.7 Steel and Ore Threaded Steel - The spot price of threaded steel continued to decline, and the basis strengthened significantly. The regulatory tightening cooled the market, and the short - term supply contraction probability is low. The price has strong support, and it is recommended to hold the short - put option position [6] Hot - Rolled Coil - The spot price of hot - rolled coil continued to decline, and the basis also strengthened significantly. The short - term supply contraction probability is low. The price has support, and it is recommended to wait and see [6] Iron Ore - The short - term supply of iron ore is relatively stable, and the long - term price is under pressure. The 9 - 1 positive spread strategy can be patiently held, and the arbitrage opportunity of going long on coking coal and short on iron ore in the 01 contract can be grasped after the sentiment stabilizes [7] 3.8 Coking Coal and Coke Coking Coal - The exchange upgraded risk - control measures, and the coking coal futures price fell sharply. The supply tightening expectation exists, and the fundamentals support the price, but short - term unilateral participation requires caution [7] Coke - The coke spot market is bullish, but the futures price is affected by the decline of coking coal and shows a sideways decline [7] 3.9 Soda Ash and Glass Soda Ash - The soda ash market has a supply surplus, and the demand is affected by "anti - involution". The inventory decreased recently, and attention should be paid to the warehouse receipt pressure. It is recommended to wait and see for new orders and hold the long - glass and short - soda ash strategy [7] Float Glass - The glass market has a relatively better fundamental situation, with continuous inventory reduction. It is recommended to go long on dips or sell put options and hold the long - glass and short - soda ash strategy [7] 3.10 Crude Oil - Geopolitical factors have become the short - term focus of the market, and the risk premium has increased. The OPEC+ may increase production in September. The demand - side support has weakened, and the market is in a sideways pattern [9] 3.11 Methanol - The port inventory of methanol is expected to increase, and the start - up rate of northwest coal - chemical plants is expected to rise. The futures price is higher than the spot price, and it is recommended to sell put options [9] 3.12 Polyolefins - The basis of polyolefins is low, and the futures may pull back. In August, both supply and demand are expected to increase, and the futures will continue to fluctuate [9] 3.13 Cotton - The short - term supply of cotton is tight, and the demand is relatively stable. There is a possibility of additional quotas. Before September - October, the cotton price may fluctuate in a moderately bullish range [9] 3.14 Rubber - The port inventory of rubber is increasing again, and the supply and demand are both increasing. The price is in a sideways pattern, and attention should be paid to the production increase rate in Southeast Asian producing areas [9]

Core Viewpoint - US stock index futures are slightly higher as market focus shifts to economic data and the Federal Reserve [1] Group 1: Market Performance - S&P 500 index futures rose by 0.3%, reaching a new record high [1] - Nasdaq 100 index futures increased by 0.5% [1] - Dow Jones futures gained 0.1% [1] Group 2: Economic Indicators - The US dollar index reached a five-week high, driven by market speculation that economic data will show the impact of tariffs is under control [1] - Investors are shifting their attention from recent trade agreements with the EU and Japan to key indicators covering employment, inflation, and broader economic activity [1] Group 3: Federal Reserve and Earnings Reports - The Federal Reserve is expected to maintain interest rates at its upcoming meeting [1] - Investors are closely watching earnings reports from major tech companies scheduled for release this week [1] Group 4: Market Sentiment - Recent progress in trade negotiations with key partners like Japan and the EU has provided some clarity for businesses [1] - This clarity allows investors to refocus on other topics such as corporate earnings and market fundamentals [1]

7月29日（周二），伦敦和上海期铜双双下滑，因交易商权衡中美谈判以及世界第一大铜生产国智利与 美国就8月1日起对铜征收50%关税的谈判。 智利财政部长Mario Marcel周一在采访中称， 智利预计铜关税问题将在华盛顿举行的更广泛的美智贸易 谈判中进行讨论。 他补充说，智利将要求将这些关税纳入与美国的更广泛的贸易协定之中。 秘鲁总统Dina Boluarte表示，秘鲁正在评估134个矿业勘探和开采项目的授权，这些项目预计投资规模 达60亿美元。秘鲁政府希望提高这一关键产业的收入。 Boluarte在国会发表讲话时表示，她预计到今年年底，正规小规模采矿业的年销售额将超过50亿美元， 到2026年，47亿美元的正规项目应该已经开工建设。 其他基本金属方面，沪铝主力合约下跌0.22%，报收于20,605元；沪锌主力合约下跌0.35%，报收于 22,655元；沪锡主力合约下滑0.76%，报收于266,660元；沪镍主力合约跌0.85%，报收于121,800元；沪 铅主力合约收跌0.24%，至每吨16,900元。 北京时间16:26，伦敦金属交易所(LME)三个月期铜下滑0.16%，报每吨9,777美元。 上海期货交 ...