Key Points - The article outlines significant financial data and events to be monitored on June 18, 2025, including the Lujiazui Forum in Shanghai and various economic indicators from Canada, the US, and the Eurozone [1]. Group 1: Economic Events - The Lujiazui Forum will be held in Shanghai, which is a key event for financial discussions [1]. - The Bank of Canada will release the minutes from its monetary policy meeting at 01:30 [1]. - The US will report API crude oil inventories for the week ending June 13 at 04:30 [1]. - The UK will release its May Consumer Price Index (CPI) and Retail Price Index (RPI) at 14:00 [1]. - The Eurozone will publish its adjusted current account for April at 16:00, along with the final CPI year-on-year and month-on-month values for May at 17:00 [1]. - The US will report initial jobless claims for the week ending June 14 and new housing starts for May at 20:30 [1]. - The US will also release building permit totals for May at the same time [1]. - EIA crude oil inventories and strategic petroleum reserve data will be published at 22:30 [1]. - The Bank of Canada Governor Macklem will give a speech at 23:15 [1]. - The Federal Open Market Committee (FOMC) will announce its interest rate decision and economic projections at 02:00 the following day [1]. - Federal Reserve Chairman Powell will hold a monetary policy press conference at 02:30 [1].

Group 1 - The report emphasizes the need to seek undervalued equity assets under balanced allocation amid economic expectations and market risk preferences, noting a global increase in risk appetite with most stock markets rising [8][9] - It suggests that despite weak growth signals from the US PMI and rising commodity prices, the US CPI showed a mild decline, indicating a stable economic outlook [8][9] - The report recommends positioning in undervalued sectors such as petrochemicals, chemicals, and non-ferrous metals, as domestic equity assets remain favorable in the long term due to improving consumption and technology trends [8][9] Group 2 - The domestic equity market showed a preference for financial, cyclical, consumer, and growth sectors, with an average daily trading volume of 12,325 billion yuan, down from 13,242 billion yuan [11][17] - Among the 31 primary industries tracked, 20 experienced gains while 11 saw declines, with beauty care, non-bank financials, and automotive sectors leading the gains [11][17] - The report highlights that the market's style shift is influenced by new public fund regulations and the easing of trade tensions, which has affected trading dynamics [11][17] Group 3 - The report tracks the performance of major global asset classes, noting that US stocks outperformed A-shares, while commodities like oil and aluminum saw price increases [11][12] - It indicates that the US Treasury yields rose following a downgrade in the US credit rating by Moody's, with the 2-year and 10-year Treasury yields increasing to 3.98% and 4.43%, respectively [12][12] - The report also mentions the strengthening of the offshore yuan against the US dollar, with a 0.42% appreciation noted [12][12]

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core Views - The overall market is affected by factors such as Sino - US relations, Fed's stance, and domestic policies. Different energy and chemical products have different market trends and influencing factors. Some products face supply - demand imbalances, while others are affected by seasonal factors, export policies, and raw material prices [2][3][5][6] 3. Summary by Product PVC - On May 8, the PVC main 09 contract closed at 4,839 yuan/ton (-37), and the market price in different regions showed some declines. In the long - term, PVC demand is sluggish due to the real - estate drag, and exports are restricted. The supply side has new investment plans, resulting in a loose supply - demand pattern. Currently, it is macro - dominated, and the disk shows weak consolidation. Key points to watch are tariff negotiations and domestic stimulus policies [2] Caustic Soda - On May 8, the caustic soda main SH09 contract closed at 2,463 yuan/ton (-50). The inventory is at a relatively high level, and the supply is still sufficient while the demand growth is limited. It is expected to run weakly with fluctuations. Key points to watch are the delivery volume and price of Weiqiao, inventory de - stocking, and mid - term alumina production and exports [3] Rubber - On May 7, rubber showed a weak and fluctuating trend. The supply is expected to increase, and the demand is weak. If there are no major reversals in domestic policies and tariff issues, it is expected to run weakly in the medium - term. Key points to watch are tariff developments and post - tapping weather [4][5] Urea - The urea main contract fell 0.11% to close at 1,882 yuan/ton. The daily average output of urea is at a historical high. The demand side has different situations in agriculture, industry, and exports. It is expected to be strongly volatile in the short - term, with the 09 contract operating in the 1,750 - 1,950 yuan/ton range [6] Methanol - The methanol main contract fell 1.55% to close at 2,216 yuan/ton. The methanol device operating rate is lowered, and the downstream methanol - to - olefins operating rate is stable. The inventory situation is divided between the inland and ports. It is expected to run in a fluctuating manner in the short - term, with an operating range of 2,130 - 2,350 yuan/ton [7] Plastic - On May 8, the plastic main contract fell 0.61% to close at 7,016 yuan/ton. The supply side is under pressure due to new production capacity in the second quarter, and the demand side enters the off - season. It is expected to run weakly in the short - term. Key points to watch are downstream demand, domestic stimulus policies, tariff negotiations, and crude oil price fluctuations [8][9]