Market Impact - European brandy-related stocks declined following China's announcement of anti-dumping duties on brandy from the EU [1] - LVMH (Hennessy's parent company) fell by 17% [1] - Rémy Cointreau decreased by 64% [1] - Pernod Ricard experienced a drop of 35% [1] Trade Policy - China's Ministry of Commerce will impose anti-dumping duties on imported brandy from the EU starting July 5, 2025, for a period of 5 years [1] - The investigation determined that imported brandy from the EU was being dumped, posing a threat of material damage to the domestic brandy industry [1] - A causal relationship exists between the dumping and the threat of material damage [1]

自2025年7月5日起，进口经营者在进口原产于欧盟的相关白兰地时，应向中华人民共和国海关缴纳 相应的反倾销税。反倾销税以海关确定进口货物的计税价格从价计征，计算公式为：反倾销税税额= 海关确定进口货物的计税价格×反倾销税税率。 对自2024年10月11日起至2025年7月4日止（含当日）进口的原产于欧盟的相关白兰地不追溯征收反 倾销税。有关进口经营者依据商务部2024年第42号公告和2024年第50号公告向中华人民共和国海关 所提供的保证金或保函，海关按规定退还保证金或解除担保。对临时反倾销措施实施之日前进口的 原产于欧盟的相关白兰地不追溯征收反倾销税。对原产于欧盟的进口相关白兰地征收反倾销税和价 格承诺的实施期限自2025年7月5日起5年。 根据《反倾销条例》第三十八条规定，商务部向国务院关税税则委员会提出征收反倾销税的建议， 国务院关税税则委员会根据商务部的建议作出决定，自2025年7月5日起，对原产于欧盟的进口相关 白兰地征收反倾销税。 ...

根据《反倾销条例》第三十八条规定，商务部向国务院关税税则委员会提出征收反倾销税的建议，国务 院关税税则委员会根据商务部的建议作出决定，自2025年7月5日起，对原产于欧盟的进口相关白兰地征 收反倾销税。 ...

Group 1 - The core point of the news is the escalation of trade tensions due to Trump's imposition of "reciprocal tariffs" on multiple countries, which has led to significant international anxiety [1][5] - Trump announced a 90-day delay for most countries to negotiate terms before the tariffs take effect, indicating a strategy of pressure and negotiation [3][11] - China has responded strongly by imposing tariffs on 30 countries and warning against any country that compromises with the U.S. at China's expense [1][28] Group 2 - Trump's "reciprocal tariffs" are seen as a low-cost strategy for the U.S., allowing it to potentially gain billions without significant investment [9][12] - The strategy involves leveraging negotiations to pressure countries into compliance, particularly targeting China [14][16] - Countries like the EU and the UK are aligning with the U.S. to counter China, indicating a shift in international trade dynamics [19][21] Group 3 - Indonesia is negotiating with the U.S. for tariff reductions, which may involve limiting China's influence in its nickel mining sector [26][28] - China's response includes imposing anti-dumping duties on imports from several countries, signaling a commitment to protect its domestic industries [30][32] - The situation highlights the ongoing geopolitical struggle, with countries needing to navigate their positions carefully to avoid backlash from either the U.S. or China [5][17]

锰硅硅铁产业日报 2025/7/1 | 项目类别 | 数据指标 | 最新 | 环比 | 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | --- | | | SM主力合约收盘价（日，元/吨） | 5,624.00 | -18.00↓ | SF主力合约收盘价（日，元/吨） | 5,270.00 | -74.00↓ | | | SM期货合约持仓量（日，手） | 572,733.00 | +81.00↑ | SF期货合约持仓量（日，手） | 420,269.00 | +23161.00↑ | | 期货市场 | 锰硅前20名净持仓（日，手） | -26,211.00 | +9264.00↑ | 硅铁前20名净持仓（日，手） | -47,967.00 | +6075.00↑ | | | SM1-9月合约价差（日，元/吨） | 38.00 | +6.00↑ | SF1-9月合约价差（日，元/吨） | -24.00 | -8.00↓ | | SM | 仓单（日，张） | 88,062.00 | -670.00↓ | SF 仓单（日，张） | 9,109.00 | ...

Domestic News - The Ministry of Commerce announced that starting from July 1, 2025, anti-dumping duties will continue to be imposed on imports of stainless steel billets and stainless steel hot-rolled sheets/strips originating from the EU, UK, South Korea, and Indonesia, with a duration of 5 years [1]. International News - China's dual aircraft carriers successfully completed long-range combat training [3]. - The State Administration of Foreign Exchange issued a new batch of QDII quotas totaling $3.08 billion [3]. - The Ministry of Foreign Affairs indicated a conditional resumption of seafood imports from certain regions of Japan [3]. - Policies aimed at further deepening financial services for new industrialization are expected to be researched and introduced [3]. - The Ministry of Commerce expressed strong dissatisfaction and firm opposition to the Canadian government's closure of Hikvision's operations in Canada [3]. - The Ministry of Finance stated that foreign investors can offset 10% of the corresponding tax amount based on their investment amount if they invest directly from distributed profits [3]. - Citigroup projected that the supply gap in the gold market is expected to peak in Q3 2025, followed by a gradual decline due to decreased investment demand [3]. - Federal Reserve's Bostic maintained the expectation of one rate cut this year and three rate cuts next year [3]. - Reports indicated that U.S. President Trump will sign an executive order on Monday to ease sanctions on Syria [3]. - U.S. Treasury Secretary Basant mentioned a wave of trade agreements is expected to be signed in the final week before the July 9 deadline [3]. - President Trump anticipated that due to low oil prices, Ukraine may reach a ceasefire agreement with Russia [3].

Core Viewpoint - The Ministry of Commerce has proposed to the State Council Tariff Commission to continue anti-dumping measures on imports of stainless steel billets and hot-rolled sheets/strips from the EU, UK, South Korea, and Indonesia for an additional five years starting from July 1, 2025 [1] Group 1 - The anti-dumping duties will be imposed on stainless steel products originating from the EU, UK, South Korea, and Indonesia [1] - The implementation period for the continued anti-dumping measures is set for five years [1] - The decision follows the investigation results as per Article 50 of the Anti-Dumping Regulations [1]

Core Viewpoint - The Indian Ministry of Finance has announced the imposition of anti-dumping duties on plastic processing machines imported from mainland China and Taiwan for a period of five years, following a positive final ruling by the Ministry of Commerce [1][3]. Group 1: Anti-Dumping Duties - The anti-dumping duties are set at CIF 0%-63% for products from mainland China and CIF 0%-53% for those from Taiwan [1]. - The affected products include various plastic processing machines or injection molding machines with clamping forces between 40 tons and 1500 tons, including semi-knocked down (SKD) and completely knocked down (CKD) assemblies [1][3]. Group 2: Exemptions - Certain products are exempt from these duties, including blow molding machines classified under Indian customs code 84773000, vertical injection molding machines, and all electric injection molding machines with independent servo motor control [1][2]. - Additionally, imported independent parts/components and machines used for producing non-injection molding machines are also excluded from the duties [2][3]. Group 3: Background of the Investigation - The investigation was initiated on March 29, 2024, following a request from the Plastics Machinery Manufacturers Association of India [3]. - The final ruling was made on March 27, 2025, confirming the anti-dumping measures [3].

Core Viewpoint - The Indian Ministry of Finance has decided to cancel the anti-dumping duties on Zhejiang Kingdecor Co., Ltd. while continuing to impose duties on other Chinese manufacturers of decorative paper, following a positive final ruling from the Ministry of Commerce [1][2]. Group 1: Anti-Dumping Duties - The Indian Ministry of Finance announced the cancellation of anti-dumping duties for Zhejiang Kingdecor Co., Ltd. while maintaining duties for other manufacturers, with rates set at $110/ton for Shandong Boxing Ouhua Special Paper Co., Ltd. and Zibo OU-MU Special Paper Co., Ltd., and $297/ton for Hangzhou Huawang New Material Technology Co., Ltd. [1] - The anti-dumping measures are effective from December 27, 2021, and will last for five years [1]. - The investigation into the anti-dumping duties was initiated on September 30, 2020, based on a complaint from ITC Limited Paperboards and Specialty Papers Division [2]. Group 2: Investigation and Review Process - The Ministry of Commerce initiated a review investigation on March 28, 2024, based on requests from Hangzhou Huawang New Material Technology Co., Ltd. and various Indian importers and manufacturers [3]. - This review aims to reassess the scope of the products involved and to re-determine the dumping margins, covering all aspects of previous final investigation results [3]. - The positive final ruling from the Ministry of Commerce was issued on March 25, 2025, confirming the findings of the review [3].

商务部：自2025年6月28日起，对原产于欧盟的进口甲苯胺继续征收反倾销税，实施期限为5年。 相关链接 ...