摩根大通环球企业银行全球联席主管Bregje de Best在接受21世纪经济报道记者采访时表示，世界迎 来"再全球化"而不是"去全球化"，尤其是在贸易走廊方面，这一点尤为明显，国家或地区之间正在持续 贸易，例如中国与中东之间的贸易走廊增长显著，中国与拉丁美洲之间的贸易走廊也增长显著。 随着全球化迈进新阶段，企业也迎来新的增长机遇。Bregje de Best表示，摩根大通将参与其中，例如在 利雅得和圣保罗等地派驻以中文为母语的银行家。"我们不仅提供本地业务支持，而且还提供精通不同 语言的本地业务支持，我们将积极参与这个新的'再全球化'世界，并发挥优势。" 据新华社报道，中共中央政治局委员、国务院副总理何立峰22日晚在钓鱼台国宾馆会见美国摩根大通集 团董事长兼首席执行官杰米·戴蒙。何立峰表示，近日中美经贸会谈取得实质性进展，为两国继续开展 经贸合作创造了条件。中国正在着力构建全国统一大市场、形成新发展格局，将持续扩大高水平对外开 放，欢迎包括摩根大通集团在内的美资企业持续深化对华互利合作，继续助力推动中美经贸关系健康稳 定持续发展。杰米·戴蒙积极评价美中经贸会谈成果，表示愿继续深耕中国资本市场，更好服务跨国公 ...

Group 1 - The meeting between the Governor of the People's Bank of China, Pan Gongsheng, and Jamie Dimon, Chairman and CEO of JPMorgan Chase, focused on global economic and financial conditions, Sino-US trade relations, and China's macroeconomic policies [1]

金十数据5月22日讯，5月20日，廖岷副部长分别会见美前财长、华平投资集团主席盖特纳，国际金融协 会总裁安德慕，高盛集团首席经济学家兼全球投资研究部主管哈祖斯，就中美和全球经济形势、两国宏 观经济政策及中美经贸关系等议题交换意见。廖岷副部长重点介绍了中国经济的增长前景和促进高质量 发展的政策措施，强调中国经济的稳定发展，将为世界经济增长注入更多确定性。 廖岷会见美商界和国际金融机构代表 ...

装置检修动态: 据悉,由于原料行情近期快速上涨,聚酯长丝三家大厂一致决定即时落实亏损品种的减产动作,并开始规划下一 步减产计划,将于短期内落实。 PTA现货价格 - MEG内盘 基差 -- PTA现货价格 -- PTA主力期货价格 8000 - 1700 9200 1500 7000 1300 8200 1100 6000 7200 900 700 5000 6200 500 5200 4000 300 100 4200 3000 -100 3200 -300 2000 2025- 2025- 2023- 2023- 2023- 2024- 2024- 2024- 2024-05 2024-09 2024-11 2025-01 2025-03 2024-07 05 09 05 09 01 01 01 05 数据图表 800 现货加工区间 -- 盘面加工区间 FDY现金流 POY现金流 =DTY现金流 800 涤短现金流 切片现金流 600 700 400 600 500 200 400 0 01 300 -200 200 -400 100 0 -600 2024- 2023- 2023- 2023- 2024 ...

有色金属日报 2025-5-21 五矿期货早报 | 有色金属 铜 有色金属小组 吴坤金 从业资格号：F3036210 交易咨询号：Z0015924 0755-23375135 wukj1@wkqh.cn 曾宇轲 从业资格号：F03121027 0755-23375139 zengyuke@wkqh.cn 张世骄 从业资格号：F03120988 0755-23375122 zhangsj3@wkqh.cn 王梓铧 从业资格号：F03130785 0755-23375132 wangzh7@wkqh.cn 刘显杰 从业资格号：F03130746 0755-23375125 liuxianjie@wkqh.cn 陈逸 从业资格号：F03137504 0755-23375125 cheny40@wkqh.cn 中国如预期下调 LPR 利率报价，美元指数延续偏弱，地缘局势升温引起贵金属和原油价格走强，铜价 下探后回升，昨日伦铜收涨 0.4%至 9554 美元/吨，沪铜主力合约收至 78140 元/吨。产业层面，昨 日 LME 库存减少 3575 至 170750 吨，注销仓单比例抬升至 38.9%，Cash/3M 升水 ...

Core Viewpoint - The styrene market has experienced a significant price surge, with East China spot prices exceeding 8000 yuan per ton, driven by macroeconomic improvements and supply constraints, but the sustainability of this increase is questioned due to weak cost support and rising resistance from downstream sectors [1][2]. Supply Dynamics - The recent price increase in styrene is attributed to a recovery from previous overly pessimistic market sentiments, bolstered by unexpected progress in US-China trade talks and a rebound in international oil prices, leading to a notable increase in buying interest [2]. - Supply remains tight in major production areas such as East China, Shandong, Hebei, and Northeast China, which supports market sentiment and reduces the risk of significant price drops [3]. Cost Support - The price of pure benzene, a key upstream raw material for styrene, has fluctuated between 6000 and 6300 yuan, with a recent increase of nearly 500 yuan following improvements in international conditions [4]. - Despite a recent rebound, the momentum in the pure benzene market is expected to slow, leading to a narrow trading range, which may weaken its impact on downstream products [4]. Downstream Resistance - The surge in styrene prices has created challenges for downstream industries such as EPS, ABS, and PS, which are struggling with squeezed profits and rising costs [5][6]. - Downstream companies are exhibiting reduced willingness to purchase high-priced styrene due to increased financial pressure, despite potential benefits from improved US-China trade relations [5][6].

投资咨询业务资格：证监许可【2011】1778 号 宝城期货原油早报-2025-05-21 品种晨会纪要 时间周期说明：短期为一周以内、中期为两周至一月 | 品种 | 短期 | 中期 | 日内 | 观点参考 | 核心逻辑概要 | | --- | --- | --- | --- | --- | --- | | 原油 2507 | 震荡 | 震荡 | 上涨 | 偏强运行 | 地缘风险凸显，原油震荡偏强 | 备注： 1.有夜盘的品种以夜盘收盘价为起始价格，无夜盘的品种以昨日收盘价为起始价格，当日日盘收盘 价为终点价格，计算涨跌幅度。 2.跌幅大于 1%为下跌，跌幅 0~1%为震荡偏弱，涨幅 0~1%为震荡偏强，涨幅大于 1%为上涨。 3.震荡偏强/偏弱只针对日内观点，短期和中期不做区分。 主要品种价格行情驱动逻辑—商品期货能源化工板块 原油（SC） 日内观点：上涨 中期观点：震荡 参考观点：偏强运行 核心逻辑：虽然中美经贸达成实质性进展，宏观因子转向乐观态势。不过 6 月美债危机逐渐迫近， "灰犀牛"效应凸显或诱发宏观新一轮负面冲击。同时 OPEC+产油国加快增产节奏，叠加原油需求预 期偏弱。不过一则美国情报部门发 ...

Group 1 - The core viewpoint of the article emphasizes the strengthening of strategic communication and cooperation between China and Pakistan, highlighting their high-level relationship and mutual support in various areas [1][2] - Wang Yi expressed China's unwavering support for Pakistan in maintaining its sovereignty and territorial integrity, as well as in combating terrorism [1][2] - The meeting with Indonesia's Luhut focused on enhancing comprehensive strategic cooperation, including significant projects like the Jakarta-Bandung high-speed railway, and addressing challenges such as unilateralism and anti-globalization [2] Group 2 - Wang Yi noted recent progress in high-level economic talks between China and the U.S., advocating for equal dialogue and mutual respect to address concerns [2] - The article mentions the U.S. attempts to impose restrictions on China's chip industry, which China firmly opposes, framing it as unilateral bullying [2] - The Asian Association, represented by Kang Jinghe, expressed willingness to facilitate dialogue to eliminate misunderstandings and promote understanding between the U.S. and China [3]

2025年5月20日，中共中央政治局委员、外交部长王毅在京会见美国亚洲协会会长康京和。王毅说，中 国对美政策保持连续性和稳定性，始终遵循习近平主席提出的相互尊重、和平共处、合作共赢三原则。 近期中美经贸高层会谈取得进展，这再次说明，平等对话、相互尊重、妥善处理彼此合理关切符合中美 两国共同利益。但与此同时，美方继续遏制打压中国的正当发展权利，近日竟然试图对中国芯片进行全 面封杀，这是赤裸裸的单边霸凌，中方坚决反对。(外交部网站) ...

Group 1 - The core point of the article is the recent adjustment of tariffs between China and the United States, where both countries have agreed to cancel 91% of additional tariffs and suspend 24% of reciprocal tariffs, marking a temporary easing of trade tensions [1][3] - Following the tariff adjustments, there has been a surge in demand from American buyers for Chinese goods, with many U.S. companies pre-loading containers in anticipation of the changes [3][5] - The logistics company ITS Logistics predicts a 20% increase in shipping costs from China to the U.S. West Coast in the coming weeks, indicating a critical period for inventory accumulation for shippers and carriers [3][5] Group 2 - Despite the short-term benefits, U.S. businesses, especially small enterprises, express concerns about the potential policy shifts after the 90-day period, as they still face a 30% tariff burden [5][6] - The ongoing fentanyl tariff issue remains contentious, with the U.S. imposing additional tariffs on China under the pretext of fentanyl control, which China disputes [6][8] - The future trajectory of U.S.-China trade relations hinges on negotiations regarding the suspended tariffs and the fentanyl tariffs, emphasizing the need for constructive dialogue to resolve underlying tensions [8][9]