Report Industry Investment Rating - No relevant information provided. Core Viewpoints - On September 18, both equity indices and CGB futures fell, and most commodities fell [10][13]. - The Financial Times reported that Chinese Internet regulators have instructed companies to terminate orders for NVIDIA's RTX Pro 6000D chips, and the MFA stated China's stance [40]. - HKEX and ADX signed a MoU to explore capital market cooperation, and the SFC and UAE's SCA signed a MoU to expand cross - border market access for public funds [41][42]. Summary by Directory 1. China Futures 1.1 Overview - On September 18, equity indices and CGB futures dropped, and most commodities declined. Among Chinese commodity futures, the top three gainers were corn starch, egg, and corn, while the top three decliners were TSR 20, glass, and coking coal. Among Chinese financial futures, equity indices and CGB futures fell [10][11][12][13]. 1.2 Daily Drop 1.2.1 Silicon Metal - On September 18, silicon metal decreased by 0.2% to 8905 yuan/ton. Supply continued to rise, mainly from the northwest and southwest regions, while demand improved slightly month - on - month. Inventory might face accumulation pressure [16][17][18]. 1.2.2 Lithium Carbonate - On September 18, lithium carbonate decreased by 0.7% to 72880 yuan/ton. There was a supply - demand gap but smaller than expected. Supply was increasing, and demand picked up in September, with social inventory slightly decreasing and warehouse receipts recovering [23][24][26]. 1.2.3 TSR 20 - On September 18, TSR 20 decreased by 2.3% to 12300 yuan/ton. It was difficult to break through the previous high in the short term without further bullish drivers. Supply might increase, and demand and downstream purchasing willingness needed to be observed. If prices couldn't break through the previous high in mid - to - late September, the bullish stance would be abandoned [31][32][33]. 2. China News 2.1 Macro News - The Financial Times reported that Chinese Internet regulators asked companies to terminate orders for NVIDIA's RTX Pro 6000D chips. NVIDIA's CEO was disappointed, and the MFA stated China's stance on maintaining global industrial and supply chain stability [40]. 2.2 Industry News - HKEX and ADX signed a MoU to explore cooperation in capital markets, including market promotion, ETFs, etc. The SFC and UAE's SCA signed a MoU to expand cross - border market access for public funds under the MRF arrangement [41][42].