央视网消息：美国的"关税大棒"正在冲击全球经济，同时也将给美国自身经济带来严重损害。多方警告，特朗普关税政策令美经济衰退风 险增加。 摩根大通：美国经济衰退可能性达60% 当地时间10日，美国媒体援引摩根大通公司发布的报告称，美国经济衰退的可能性高达60%。美国前财政部长耶伦10日在接受美国有线电 视新闻网采访时表示，美国新一届政府的经济政策是她所见过的"最严重的自我伤害"行为。加征关税等政策背景下，美国经济陷入衰退风险已 经上升。 美国前财政部长耶伦称："没人知道这些政策的走向，在如此高度不确定的环境下，什么样的企业还会进行长期投资。投资支出与消费支 出的下降很可能引发经济衰退，所以我认为经济衰退的可能性已显著上升。" 研究显示：关税政策将使美国家庭年均损失4700美元 付出代价的还有美国民众。美国耶鲁大学预算实验室10日发布的最新研究估算显示，美国的关税政策将使美国家庭平均每年损失4700美 元。数据显示，关税对服装和纺织品的影响尤为显著，短期内消费者将面临服装价格上涨64%的局面。长期来看，服装价格将上涨27%。报告 显示，2025年所有关税措施将使美国实际国内生产总值（GDP）增长率下降1.1个百分点 ...

4月8日至4月11日，全球医疗器械行业的"奥林匹克"盛会——第91届中国国际医疗器械(春季)博览会(以下称：CMEF)在沪召开。在美国接连挥舞"关税大 棒"背景下，这一博览会依然吸引了众多海外客商参会。 证券时报记者近日实探发现，CMEF展馆内，川流不息的人流中，不时闪现着海外客商的身影。其中，有美国客商不时在中资企业参展商的展台穿梭，与 企业负责人交谈，并相约去工厂实地考察，寻求潜在合作机会。 多位接受证券时报记者采访的中资企业参展商负责人告诉记者，由于出口美国市场的比重不大，公司受美国关税影响不算大，未来将积极拓展欧洲等其他 市场，以降低美国市场订单流失对业务的影响。 海外客商在热烈洽谈业务 中国国际医疗器械博览会历来被称为"医疗科技风向标"。当博览会举办时间恰逢美国挥舞关税大棒之时，曾有企业担忧海外客商尤其是美国客商的到场 率。但记者在现场发现，这一担忧有些多余。 美国、土耳其、印度、中东……在展馆内，不时看到这些国家和地区客商的身影。先来看一组现场照片： 这些海外客商，或在认真了解中资企业参展商的产品，遇到感兴趣的医疗器械设备时，还会亲自体验一番；或围桌而坐，与参展商工作人员进行深入交 流，探讨进一步 ...

Report Industry Investment Rating - No relevant information provided Core Viewpoints - Under the influence of the current US tariff policy, market risk aversion has increased, risk assets have continued to weaken, and oil prices have remained in a downward trend [2]. - In the second quarter, Asian PX plants will undergo concentrated maintenance, leading to a significant decline in supply, with the intensity of maintenance to be observed. It is expected that the market will shift from inventory accumulation to inventory reduction in the second quarter [2]. - Currently, cost is the most important influencing factor. Even if the fundamentals improve, it will be difficult to reverse the situation. The PX CFR China price on April 9 was $699 per ton. The escalation of the US tariff policy may trigger concerns about a global economic slowdown, causing a narrow decline in international oil prices and squeezing the cost side of PX [2]. - Amid the escalation of trade frictions, the market is filled with a strong sense of fear of price drops. Industry players are mainly adopting a wait - and - see attitude. The sales of downstream polyester products are lackluster, and the PTA market continues to decline. Although the PTA social inventory is at a neutral to high level compared to historical periods, there has been a slight decrease in inventory in the past month, and it is expected to see inventory reduction from April to May [2]. - The mainstream negotiation price of polyester bottle chips in the Jiangsu and Zhejiang markets is between 5,400 - 5,600 yuan per ton, a decrease of 215 yuan per ton from the previous trading day. The cost - pricing logic continues to operate, and it is difficult to break away from the follow - up logic in the short term [2]. - Due to the impact of the tariff policy, it is expected that PX, PTA, and PR will operate weakly (PX view score: - 2, PTA view score: - 2, PR view score: - 1) [2]. Summary by Related Catalogs Price Information - **Upstream**: On April 9, 2025, the futures settlement price (continuous) of WTI crude oil was $62.35 per barrel, up 4.65% from the previous value; the futures settlement price (continuous) of Brent crude oil was $65.48 per barrel, up 4.23%. The spot price (mid - price) of naphtha CFR Japan was $517.75 per ton, down 3.63%. The spot price (mid - price) of xylene (isomeric grade) FOB South Korea was $619 per ton, down 4.11%. The spot price of p - xylene PX CFR China's main port was $699 per ton, down 2.92% [1]. - **PTA**: On April 9, 2025, the closing price of the CZCE TA main contract was 4,110 yuan per ton, down 4.33%; the settlement price was 4,144 yuan per ton, down 4.95%. The closing price of the CZCE TA near - month contract was 4,122 yuan per ton, down 3.96%; the settlement price was 4,156 yuan per ton, down 3.80%. The domestic spot price of PTA was 4,366 yuan per ton, down 4.07%. The CCFEI price index of purified terephthalic acid PTA for the domestic market was 4,150 yuan per ton, down 4.71%; the CCFEI price index for the external market on April 8 was $559.5 per ton, down 1.76%. The near - far month spread was 12 yuan per ton, up 52 yuan; the basis was 40 yuan per ton, down 19 yuan [1]. - **PX**: On April 9, 2025, the closing price of the CZCE PX main contract was 5,724 yuan per ton, down 4.22%; the settlement price was 5,796 yuan per ton, down 4.98%. The closing price of the CZCE PX near - month contract was 5,752 yuan per ton, down 4.99%; the settlement price was 5,752 yuan per ton, down 4.99%. The domestic spot price of p - xylene was 5,781 yuan per ton, down 2.08%. The spot price (mid - price) of p - xylene CFR Taiwan, China was $700 per ton, down 2.91%; the spot price (mid - price) of p - xylene FOB South Korea was $675 per ton, down 3.02%. The PXN spread was $181.25 per ton, down 0.82%; the PX - MX spread was $80 per ton, up 7.38%. The basis was 57 yuan per ton, up 129 yuan [1]. - **PR**: On April 9, 2025, the closing price of the CZCE PR main contract was 5,378 yuan per ton, down 2.50%; the settlement price was 5,406 yuan per ton, down 2.98%. The closing price of the CZCE PR near - month contract was 5,350 yuan per ton, down 2.59%; the settlement price was 5,350 yuan per ton, down 2.59%. The mainstream market price of polyester bottle chips in the East China market was 5,420 yuan per ton, down 2.69%; in the South China market, it was 5,450 yuan per ton, down 3.54%. The basis in the East China market was 42 yuan per ton, down 12 yuan; in the South China market, it was 72 yuan per ton, down 62 yuan [1]. - **Downstream**: On April 9, 2025, the CCFEI price index of polyester DTY was 8,600 yuan per ton, down 1.15%; the CCFEI price index of polyester POY was 6,950 yuan per ton, down 1.07%; the CCFEI price index of polyester FDY68D was 6,800 yuan per ton, down 2.16%; the CCFEI price index of polyester FDY150D was 6,750 yuan per ton, down 2.17%; the CCFEI price index of polyester staple fiber was 6,230 yuan per ton, down 3.86%; the CCFEI price index of polyester chips was 5,440 yuan per ton, down 4.06%; the CCFEI price index of bottle - grade chips was 5,420 yuan per ton, down 2.69% [2]. Operating Conditions - On April 9, 2025, the operating rate of the PX in the polyester industry chain was 73.35%, unchanged from the previous value; the PTA industry chain load rate of PTA plants was 76.77%, unchanged; the PTA industry chain load rate of polyester plants was 89.35%, unchanged; the PTA industry chain load rate of bottle chip plants was 75.47%, unchanged; the PTA industry chain load rate of Jiangsu and Zhejiang looms was 66.76%, unchanged [1]. Production and Sales - On April 9, 2025, the sales rate of polyester filament was 25%, down 6 percentage points from the previous value; the sales rate of polyester staple fiber was 58%, up 14 percentage points; the sales rate of polyester chips was 44%, down 23 percentage points [1]. Device Information - The 2.2 - million - ton PTA plant in the Northeast and the 2.5 - million - ton PTA plant in the South China are planned to undergo maintenance in the near future, which requires further attention [2].

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香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性或完整性 亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部分內容而產生或因倚賴該等內容而引致的 任何損失承擔任何責任。 於本公佈日期，董事會由執行董事李佳林先生、王偉炘先生、李玥先生、陳海洲先生及顧三軍 先生；非執行董事張冬杰先生；以及獨立非執行董事李煒先生、高懿洋女士及余定恒先生組 成。 本公告由偉仕佳杰控股有限公司（「本公司」，連同其附屬公司，「本集 團」），就美國對所有進口至美國的商品徵收額外關稅對本集團業務的影 響，自願作出。 儘管頒布了上述額外關稅，但由於本集團所有產品均在中國內地、香港、 澳門及東盟地區銷售；而本集團採購的產品主要在亞洲生產。就此，本公 司董事會認為美國新公佈的關稅政策不會對本集團的業務產生直接不利影 響。 股東及潛在投資者於買賣本公司股份時務請審慎行事。 承董事會命 偉仕佳杰控股有限公司 公司秘書 林從帥 香港，二零二五年四月七日 自願公告 業務更新 ...