智通财经6月27日电，商务部裁定，如果终止反倾销措施，原产于欧盟的进口甲苯胺对中国的倾销可能 继续或再度发生，对中国甲苯胺产业造成的损害可能继续或再度发生。依据《反倾销条例》第五十条的 规定，商务部根据调查结果向国务院关税税则委员会提出继续实施反倾销措施的建议，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。 商务部：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 ...

投资咨询业务资格 证监发【2014】217号 美联储按兵不动，铜铝震荡整理 ——铜铝周报2025.06.23 作者： 刘培洋 联系方式：0371-58620083 电子邮箱：liupy_qh@ccnew.com 执业证书编号：F0290318 投资咨询编号：Z0011155 本期观点 | 品种 | 主要逻辑 | 策略建议 | 风险提示 | | --- | --- | --- | --- | | | 1、宏观面：国内5月经济数据仍有韧性，美联储6月会议继续暂停降 | 沪铜2508合约 | | | | 息，关注中东局势和美国关税政策变化。 | 上方参考压力 | 1、国内外宏 | | | 2、基本面：从供应端来看，交易所仓单大量流出，俄罗斯低价货源 | 位80000元/吨 | 观政策及经 | | 铜 | 在市场大量销售，但市场承接能力有限。库存方面，截至6月5日周 | 一线，下方参 | 济数据变化； | | | 四，全国主流地区铜库存为14.6万吨，环比上升0.11万吨。 | 考支撑位 | 2、国外铜矿 | | | 3、整体逻辑：铜矿紧张预期和美国对铜征收关税预期继续支持铜价， | | | | | 但关税对经济冲击 ...

Group 1 - The Malaysian Ministry of Trade announced the termination of anti-dumping duties on imports from South Korea and Vietnam, effective Monday [1]

6月19日，印度财政部税收局发布通报称，接受印度商工部于2025年3月21日对原产于或进口自中国大 陆、俄罗斯以及中国台湾地区的乙腈作出的反倾销肯定性终裁建议，决定对涉案产品征收为期5年的反 倾销税，分别为中国大陆202-481美元/吨，俄罗斯292美元/吨，中国台湾地区233美元/吨。本案涉及印 度海关编码292690项下的产品。措施自本通报发布于官方公报之日起生效。 ...

Core Viewpoint - India has decided to impose anti-dumping duties on Chinese imports of the herbicide Pendimethalin and its intermediate, PEDA, for a period of five years, following a positive final ruling from the Ministry of Commerce [1] Group 1: Anti-Dumping Duties - The Indian Ministry of Finance announced the imposition of anti-dumping duties ranging from $1,246.9 to $2,017.9 per ton on Pendimethalin and PEDA imported from China [1] - The duties will take effect from the date of publication in the official gazette [1] - This decision is based on the recommendation made by the Indian Ministry of Commerce on March 21, 2025 [1]

Core Viewpoint - The Indian government has decided to impose anti-dumping duties on insoluble sulfur imported from China and Japan for a period of five years, following a positive final ruling by the Ministry of Commerce on March 7, 2025 [1] Group 1: Anti-Dumping Duties - The anti-dumping duty for Chinese manufacturers is set at $307 per ton [1] - The duty for Shikoku Chemicals Corporation from Japan is $259 per ton, while other Japanese manufacturers face a duty of $358 per ton [1] - The products affected fall under Indian customs codes 28020010, 38123930, and 38249900 [1] Group 2: Investigation Background - The investigation was initiated on March 27, 2024, based on a request from Oriental Carbon & Chemicals Limited, a domestic company in India [1] - The Ministry of Commerce's positive final ruling was made on March 7, 2025, confirming the need for anti-dumping measures [1]

Core Viewpoint - The U.S. International Trade Commission (ITC) has determined that the prices of solar photovoltaic (PV) panels imported from four Southeast Asian countries, including Vietnam and Thailand, have been improperly suppressed, leading to the imposition of countervailing and anti-dumping duties on these imports [1]. Group 1: ITC Findings - The ITC's final ruling on May 20 confirmed that "crystalline silicon photovoltaic cells" imported from Vietnam, Thailand, Cambodia, and Malaysia are sold at prices below fair value due to government subsidies [1]. - The U.S. Department of Commerce is expected to initiate countervailing and anti-dumping duties within a week, with varying rates for each country and company [1]. Group 2: Duty Rates - The highest combined duties for Cambodian companies will exceed 650%, while some companies are classified as local entities of Chinese firms, with rates for Cambodian companies potentially exceeding 3400% [1]. - Since 2022, the U.S. has applied a special exemption for duty-free imports of solar power-related products from these four countries, which is set to expire in June 2024 [1]. Group 3: Background and Investigation - The investigation into the imposition of countervailing and anti-dumping duties began under the Biden administration, with the ITC making a preliminary determination in June 2024 that "improper dumping behavior" exists [1].

Report Summary 1. Report Industry Investment Ratings No investment ratings are provided in the report. 2. Core Views - **Iron Ore**: Short - term bullish factors have been realized, and the upward driving force is slowing down [2][4]. - **Rebar and Hot - Rolled Coil**: Both are in low - level oscillations [2][7][8]. - **Silicon Ferrosilicon and Manganese Silicide**: Due to the resonance of the black - metal sector and the resumption of Australian ore shipments, they are in weak oscillations [2][13]. - **Coke and Coking Coal**: Both are in bottom - level oscillations [2][18]. - **Steam Coal**: With the increase in coal mine inventories, it is in a weak and oscillating state [2][22]. - **Logs**: In a weak oscillation [2][25]. 3. Summary by Related Catalogs Iron Ore - **Fundamental Tracking**: The futures closed at 725.0 yuan/ton, up 2.5 yuan/ton (0.35%). The import and domestic ore prices had minor changes, and the basis and spreads also showed different fluctuations [5]. - **Macro and Industry News**: On May 20, the 5 - year LPR was 3.5% (down from 3.6% last month), and the 1 - year LPR was 3% (down from 3.1% last month) [5]. - **Trend Intensity**: - 1, indicating a bearish trend [5]. Rebar and Hot - Rolled Coil - **Fundamental Tracking**: RB2510 closed at 3,058 yuan/ton, down 18 yuan/ton (-0.59%); HC2510 closed at 3,202 yuan/ton, down 12 yuan/ton (-0.37%). Spot prices in different regions had minor changes, and the basis and spreads also fluctuated [8]. - **Macro and Industry News**: South Korea continued to impose anti - dumping duties on stainless steel sheets from China, etc. In April 2025, China's crude steel output was 8602 million tons, with daily output down 4.3% month - on - month. From January to April, Hebei had the highest crude steel output [8][10]. - **Trend Intensity**: 0 for both, indicating a neutral trend [10]. Silicon Ferrosilicon and Manganese Silicide - **Fundamental Tracking**: Futures prices of different contracts decreased. Spot prices of silicon ferrosilicon and manganese silicide had different changes, and the price spreads also fluctuated [13]. - **Macro and Industry News**: In April 2025, China's silicon - manganese exports and imports, manganese ore imports data were released. South32 resumed Australian manganese ore exports, and NMT announced the June 2025 manganese ore shipment price to China [15][16]. - **Trend Intensity**: 0 for both, indicating a neutral trend [17]. Coke and Coking Coal - **Fundamental Tracking**: JM2509 closed at 838.5 yuan/ton, down 6.5 yuan/ton (-0.77%); J2509 closed at 1407.5 yuan/ton, down 20.5 yuan/ton (-1.44%). Spot prices and basis, spreads had different changes [18]. - **Price and Position Situation**: Northern port coking coal quotes and May 20 CCI metallurgical coal index were provided. On May 20, for JM2509, long positions increased by 6841 hands, short positions increased by 6888 hands; for J2509, long positions increased by 750 hands, short positions increased by 582 hands [18][19][20]. - **Trend Intensity**: 0 for both, indicating a neutral trend [21]. Steam Coal - **Previous Day's Domestic Market**: ZC2506 had no trading, with an opening price of 931.6 yuan/ton, a high of 931.6 yuan/ton, a low of 840.0 yuan/ton, and a closing price of 840.0 yuan/ton, down 51.4 yuan/ton from the previous settlement price [22]. - **Fundamentals**: Southern port and domestic origin quotes of steam coal were given. On May 20, for ZC2506, long and short positions both decreased by 0 hands [23]. - **Trend Intensity**: 0, indicating a neutral trend [24]. Logs - **Fundamental Tracking**: Futures prices, trading volumes, and open interests of different contracts had different changes. Spot prices of various types of logs in different regions were mostly stable [27]. - **Macro and Industry News**: From January to April 2025, China's real estate development investment decreased by 10.3% year - on - year [29]. - **Trend Intensity**: - 1, indicating a bearish trend [29].

Group 1 - The Ministry of Commerce has announced the imposition of anti-dumping duties on imports of copolymer formaldehyde originating from the United States, the European Union, Taiwan, and Japan, effective from May 19, 2025, for a period of five years [1] - The investigation concluded that the copolymer formaldehyde industry in mainland China has suffered substantial damage due to dumping practices, establishing a causal relationship between dumping and the damage [1] Group 2 - Copolymer formaldehyde, also known as polyoxymethylene copolymer, has high mechanical strength, fatigue resistance, and creep resistance, making it suitable for various applications [2] - It can partially replace metals such as copper, zinc, tin, and lead, and is used in automotive parts, electronics, industrial machinery, daily necessities, sports equipment, medical devices, piping, and construction materials [2]