Key Points of the Report 1. Policy and International News - China's State Council held a meeting on strengthening the domestic economic cycle, emphasizing using the stability and long - term growth of the domestic cycle to counter the uncertainties of the international cycle for high - quality development [2] - China's top - level design for urban renewal was introduced, with eight major tasks including renovating old urban areas and strengthening infrastructure [2] - US President Trump said Iran agreed to some conditions of the nuclear agreement, and Iran's senior advisor stated Iran's willingness to forgo nuclear weapons in exchange for sanctions relief [2] 2. Energy and Commodity Market Information - The International Energy Agency (IEA) predicted a slowdown in global oil demand growth to 650,000 barrels per day for the rest of 2025, and lowered its forecast for US shale oil production due to falling prices. However, it raised the annual average demand growth forecast by 20,000 barrels per day to 740,000 barrels per day [3] - As of the week ending May 15, the production and apparent demand of rebar increased, factory inventory decreased, and social inventory declined for the tenth consecutive week. Rebar production was 2.2653 million tons, up 1.34% from the previous week, and apparent demand was 2.6029 million tons, up 21.69% [3] 3. Commodity Market Performance - The night - trading performance of key commodities such as urea, crude oil, soybean oil, hot - rolled coil, and Shanghai copper was mentioned [4] - Different commodity sectors showed various performances, with the precious metals sector having a 29.55% increase, the coal - coking and steel - mining sector up 13.50%, and the chemical sector rising 13.17% [7] 4. Asset Performance - Different stock indices had different daily, monthly, and annual percentage changes. For example, the Shanghai Composite Index had a daily decline of 0.68%, a monthly increase of 3.10%, and an annual increase of 0.87% [9] - Other assets like bonds, commodities, and the US dollar also had their respective performance. For instance, 10 - year Treasury bond futures had a daily increase of 0.02%, a monthly decline of 0.41%, and an annual decline of 0.34% [10]