中新社北京10月14日电 (记者 尹倩芸)就近期美方宣布对华加征关税等限制措施，中国商务部新闻发言 人14日称，美方不能一边要谈，一边威胁恐吓出台新的限制措施，这不是与中方相处的正确之道。 近日，美方官员称，在得知中方对稀土等相关物项采取出口管制措施后，提出与中方进行通话，但中方 推迟了这一建议。同时美方表示，双方需要找到回到稳定局面的办法。 发言人对此表示，中方注意到有关情况。近日，中方已就美威胁对华加征100%关税等限制措施阐明了 有关立场。关于稀土等相关物项的出口管制措施，是中国政府依据法律法规，完善自身出口管制体系的 正当做法。中国作为负责任大国，始终坚定维护自身国家安全和国际共同安全，中国的出口管制不是禁 止出口，对符合规定的申请将一如既往地予以许可，共同维护全球产供链安全稳定。措施出台前，中方 已通过双边出口管制对话机制向美方进行了通报。 发言人说，反观美方，长期泛化国家安全，滥用出口管制，对华采取歧视性做法。特别是中美马德里经 贸会谈以来美方持续新增出台一系列对华限制措施，严重损害中方利益，严重破坏双方经贸会谈氛围， 中方对此坚决反对。 发言人称，关于关税战、贸易战，中方立场是一贯的。打，奉陪到 ...

Report Industry Investment Rating No relevant content provided. Core Viewpoints - Steel has a neutral valuation, and the spot market lacks a rebound driver. The steel market is affected by macro - uncertainties and industry - specific factors, with demand being crucial. For the short - term, there is no clear contradiction for a unilateral direction, and there are concerns about negative feedback in the off - season [2]. - Silicon iron and manganese silicon lack driving forces and their prices are oscillating. Supply is high, demand is weak, and there are long - term concerns despite short - term production motivation [2]. - Coking coal and coke have strong spot performance but the futures market is oscillating. There are concerns about negative feedback in the short - term, while policies may have a positive impact on supply in the long - term [4]. - Iron ore is affected by trade frictions and supply - demand factors. There is a risk of supply surplus in the fourth quarter, and short - term observation is recommended [5]. Summary by Related Catalogs Futures Market - On October 13, for far - month contracts, RB2605 closed at 3139.00 yuan/ton (down 27.00 yuan, - 0.85%), HC2605 at 3274.00 yuan/ton (down 25.00 yuan, - 0.76%), etc. For near - month contracts, RB2601 closed at 3083.00 yuan/ton (down 24.00 yuan, - 0.77%), HC2601 at 3261.00 yuan/ton (down 29.00 yuan, - 0.88%) [1]. - The cross - month spreads, such as RB2601 - 2605 at - 56.00 yuan/ton, HC2601 - 2605 at - 13.00 yuan/ton, etc., and the spreads/price ratios/profits like the coil - to - rebar spread at 178.00 yuan, the rebar - to - ore ratio at 3.83, etc., also had corresponding changes on October 13 [1]. Spot Market - On October 13, Shanghai rebar was priced at 3210.00 yuan/ton (down 50.00 yuan), Tianjin rebar at 3180.00 yuan/ton (down 50.00 yuan), etc. Shanghai hot - rolled coil was 3300.00 yuan/ton (down 60.00 yuan), Hangzhou hot - rolled coil at 3340.00 yuan/ton (down 60.00 yuan) [1]. - The base differentials, such as HC main contract at 39.00 yuan/ton, RB main contract at 127.00 yuan/ton, etc., also had changes on October 13 [1]. Investment Strategies - For steel, take a wait - and - see approach for unilateral trading. Focus on the opportunity to go long on the coil - to - rebar spread of the 01 contract when it is below 150. Roll the futures - cash reverse arbitrage [6]. - For coking coal and coke, take a wait - and - see approach for now [6]. - For iron ore, take a short - term wait - and - see approach [5].

关于关税战、贸易战，中方立场是一贯的。打，奉陪到底；谈，大门敞开。 中美拥有广泛的共同利益和广阔的合作空间，双方合则两 利，斗则俱伤。过去4轮经贸磋商充分证明，中美在相互尊重、平等协商基础上，能够找到解决问题的办法。双方在中美经贸磋商机制 框架下一直保持沟通，昨天还进行了工作层会谈。我想指出，美方不能一边要谈，一边威胁恐吓出台新的限制措施，这不是与中方相 处的正确之道。中方敦促美方尽快纠正错误做法，拿出谈的诚意，与中方相向而行，以两国元首通话重要共识为引领，维护好来之不 易的磋商成果，继续发挥中美经贸磋商机制作用，通过对话协商解决各自关切，妥善管控分歧，推动中美经贸关系健康、稳定、可持 续发展。 来源：商务部网站 End 欢迎分享给你的朋友！ 出品 | 中国能源报（c ne ne rgy） 有记者问：近日，美方官员称，在得知中方对稀土等相关物项采取出口管制措施后，提出与中方进行通话，但中方推迟了这一建议。 同时美方表示，双方需要找到回到稳定局面的办法。请问商务部对此有何评论？ 答：中方注意到有关情况。近日，中方已就美威胁对华加征100%关税等限制措施阐明了有关立场。我愿重申，关于稀土等相关物项的 出口管制措施 ...

2025年10月14日 国泰君安期货商品研究晨报-农产品 观点与策略 | 棕榈油：产地驱动有限，关注下方支撑及宏观风险 | 2 | | --- | --- | | 豆油：区间运行，关注中美经贸关系 | 2 | | 豆粕：贸易情绪暂时稳定，震荡 | 4 | | 豆一：震荡 | 4 | | 玉米：关注新粮上市 | 6 | | 白糖：供应过剩预期，价格承压 | 7 | | 棉花：注意外部市场影响 | 8 | | 鸡蛋：现货弱势运行 | 10 | | 生猪：现货底部未现，关注收基差行情 | 11 | | 花生：关注产区天气 | 12 | 国 泰 君 安 期 货 研 究 所 请务必阅读正文之后的免责条款部分 1 | | | 单 位 | 收盘价 (日盘） | 涨跌幅 | 收盘价 （夜盘） | 涨跌幅 | | --- | --- | --- | --- | --- | --- | --- | | | 棕榈油主力 | 元/吨 | 9,364 | -0.78% | 9,392 | 0.30% | | | 豆油主力 | 元/吨 | 8,268 | -0.41% | 8,302 | 0.41% | | | 菜油主力 | 元/吨 | ...

Core Viewpoint - The Chinese government emphasizes its commitment to maintaining national security and international stability through its export control measures, particularly regarding rare earth elements, while criticizing the U.S. for its discriminatory practices and threats of tariffs [1][2]. Group 1: U.S.-China Trade Relations - The Chinese stance on the trade war is clear: it is prepared to engage in conflict if necessary but remains open to dialogue [2]. - There is a recognition of mutual interests and cooperation potential between the U.S. and China, with past negotiations demonstrating the ability to resolve issues through respectful and equal discussions [2]. - The Chinese government urges the U.S. to correct its approach, emphasizing the need for sincerity in negotiations and adherence to previous agreements made by the leaders of both nations [2]. Group 2: Export Control Measures - China's export control measures are described as legitimate actions based on legal frameworks aimed at enhancing its export control system [1]. - The Chinese government reassures that its export controls do not equate to a ban, as applications that meet regulations will continue to be approved [1]. - Prior to implementing these measures, China communicated with the U.S. through bilateral export control dialogue mechanisms [1].

Core Viewpoint - The article discusses China's stance on recent export control measures regarding rare earth materials and the ongoing trade tensions with the United States, emphasizing China's commitment to maintaining national security and international stability while criticizing the U.S. for its discriminatory practices and threats of tariffs [1][2][4][5]. Group 1: Export Control Measures - China has implemented export control measures on rare earth materials as a legitimate action to enhance its export control system, citing the importance of these materials in military applications amid global instability [4]. - The Chinese government assures that these export controls do not equate to a ban on exports, as applications that meet regulations will continue to be approved [4][5]. - Prior to the announcement, China communicated these measures through bilateral export control dialogue mechanisms to relevant countries [4][5]. Group 2: U.S. Tariff Threats - The U.S. has threatened to impose a 100% tariff on Chinese goods in response to China's export controls, which China views as a double standard and an abuse of national security concerns [5][7]. - The U.S. has a significantly larger export control list, with over 3,000 items compared to China's 900, indicating a disparity in the application of export controls [7]. - China expresses strong opposition to the U.S. actions, stating that such measures severely damage legitimate business interests and disrupt international trade order [7][8]. Group 3: Call for Dialogue - China maintains an open stance for dialogue, stating that both countries have extensive common interests and cooperation potential, and urges the U.S. to correct its approach and engage in sincere negotiations [2][6]. - The Chinese government emphasizes the importance of mutual respect and equal consultation in resolving trade issues, advocating for a stable and sustainable development of Sino-U.S. economic relations [2][6].

10月14日，据商务部官网，商务部新闻发言人就近期美方宣布对华加征关税等限制措施答记者问。 有记者问：近日，美方官员称，在得知中方对稀土等相关物项采取出口管制措施后，提出与中方进行通话，但中方推迟了这一建议。同时美方表示，双方 需要找到回到稳定局面的办法。请问商务部对此有何评论？ 答：中方注意到有关情况。近日，中方已就美威胁对华加征100%关税等限制措施阐明了有关立场。我愿重申，关于稀土等相关物项的出口管制措施，是 中国政府依据法律法规，完善自身出口管制体系的正当做法。中国作为负责任大国，始终坚定维护自身国家安全和国际共同安全，中国的出口管制不是禁 止出口，对符合规定的申请将一如既往地予以许可，共同维护全球产供链安全稳定。措施出台前，中方已通过双边出口管制对话机制向美方进行了通报。 反观美方，长期泛化国家安全，滥用出口管制，对华采取歧视性做法。特别是中美马德里经贸会谈以来美方持续新增出台一系列对华限制措施，严重损害 中方利益，严重破坏双方经贸会谈氛围，中方对此坚决反对。 关于关税战、贸易战，中方立场是一贯的。打，奉陪到底；谈，大门敞开。中美拥有广泛的共同利益和广阔的合作空间，双方合则两利，斗则俱伤。过去 4轮 ...

Group 1: Gaza Ceasefire Agreement - The leaders of the US, Egypt, Turkey, and Qatar signed a ceasefire agreement in Egypt aimed at ending the war in Gaza, ensuring humanitarian aid, and initiating comprehensive reconstruction efforts [1] Group 2: Ukraine-EU Relations - Ukrainian President Zelensky discussed energy support for Ukraine and new EU sanctions against Russia with EU representative Borrell, focusing on the resilience of Ukraine's energy infrastructure and the use of frozen Russian assets for defense [2][2] - Zelensky announced plans to complete technical preparations for Ukraine's EU membership negotiations by the end of November [2] Group 3: Commodity Market Trends - On October 13, US stock indices rose significantly, with the Dow Jones up 1.29%, S&P 500 up 1.56%, and Nasdaq up 2.21% [3] - Spot gold prices increased by 2.27% to $4109.17 per ounce, reaching a historic high of $4117.13 during the day, while COMEX gold futures rose by 3.21% to $4128.80 [3] - Silver prices also surged, with spot silver rising 4.29% to $52.3017 per ounce, and COMEX silver futures increasing by 6.86% to $50.49 [4] Group 4: Rubber Market Analysis - The rubber market is experiencing a downward trend due to macroeconomic factors and renewed tensions in US-China trade relations, with natural rubber futures dropping to 14940 yuan/ton, a decline of 2.45% [5] - Analysts noted that despite adverse weather conditions affecting supply, market expectations of improved weather leading to increased supply have contributed to price declines [6] - The supply-demand balance for natural rubber is expected to worsen, with overproduction concerns exacerbated by weak overseas demand [6][8] - Seasonal factors may provide some support for prices in the fourth quarter, but overall supply remains ample, and macroeconomic events will continue to influence market trends [7][8]

Core Points - Despite complex international circumstances, China's exports achieved a growth rate of 7.1% in the first three quarters, marking eight consecutive quarters of growth [2][3] - The U.S. announced a new round of tariffs on Chinese imports, potentially raising average tariffs to over 150% [2][8] Group 1: Export Performance - In the first three quarters, China's total goods trade reached 33.61 trillion yuan, with exports at 19.95 trillion yuan and imports at 13.66 trillion yuan [2] - High-tech product exports amounted to 3.75 trillion yuan, growing by 11.9% and contributing over 30% to overall export growth [3] - Mechanical and electrical products accounted for 60.5% of total exports, with a growth of 9.6% [3] Group 2: Product Composition - Exports of industrial robots surged by 54.9%, while wind power equipment exports grew by 23.9% [4] - Traditional cultural products like dragon boats and paper-cutting crafts have gained popularity in international markets [4] - Exports of holiday goods and toys exceeded 50 billion yuan, showcasing the influence of Chinese traditional culture [4] Group 3: Regional Performance - The western region of China saw significant export growth, with traditional manufacturing products like home appliances and motorcycles growing over 20% [4] - High-tech product exports from the western region exceeded 450 billion yuan, growing by 26.4% [4] Group 4: E-commerce and Market Diversification - Cross-border e-commerce exports reached 1.09 trillion yuan, growing by 11.6% [5] - Trade with Belt and Road Initiative countries totaled 17.37 trillion yuan, growing by 6.2% and accounting for 51.7% of total trade [5][6] - ASEAN remains China's largest trading partner, with trade volume reaching 5.57 trillion yuan, a 9.6% increase [6] Group 5: Business Confidence and Market Expansion - Export enterprise confidence index has risen for five consecutive months, indicating a positive outlook for future trade [7] - The number of foreign trade entities exceeded 700,000 for the first time, with private enterprises leading in market expansion [7] - Private enterprises accounted for 54.2% of high-tech product exports, highlighting their significant role in the export sector [7]

Export Performance - In September, China's exports rebounded significantly, with a year-on-year increase of 8.3%, up 3.9 percentage points from August, attributed mainly to a low base effect[2] - Exports to the US, EU, and UK improved by 6.1, 3.8, and 2.0 percentage points respectively, although exports to ASEAN dropped by 6.9 percentage points to 15.6%[3] - Key export categories showed strong performance, particularly in capital goods, which contributed 2.1 percentage points to the overall export improvement[4] Import Trends - Imports in September saw a year-on-year increase of 7.4%, marking the highest monthly growth rate of the year, driven by a significant narrowing of declines in commodities like crude oil and soybeans[5] - Capital goods imports surged by 13.8% year-on-year, contributing to the overall import growth[5] Trade Balance - The trade surplus slightly narrowed to $90.45 billion in September due to the simultaneous increase in both exports and imports[2] Economic Outlook - The ongoing uncertainties in US-China trade relations, including potential new tariffs and export controls, remain critical factors influencing future export performance[6] - Despite the challenges, there is a possibility of reaching a mutually acceptable long-term agreement between the US and China, as both sides appear to be preparing for more serious negotiations[6] Risk Factors - Increased global trade policy uncertainties could lead to lower-than-expected export growth, posing risks to the overall economic outlook[7]