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So, Anthony, yet another surprise from OPEC. They keep surprising us the last couple of months and this time an even bigger than anticipated supply put back to the market. What is the justification from their perspective.Good morning, and nice to see you from London. Yeah, that's right. It was another surprise increase because OPEC had signaled to going into this stretch of increases that they would be putting on to the market just a little bit more than 100,000 barrels a day.But for the last three months, ...

Global Commodities Research 01 July 2025 J P M O R G A N Global Commodities The Week in Commodities This is a summary note that consolidates the latest views of our global commodity strategists published over the week; to read detailed reports, refer to the hyperlinks. It also contains hyperlinks to other related research/podcasts on the global commodities market. Oil Markets Weekly: Major supply disruption risk at 21%, but deterrent lines are now well-defined Global Commodities Webinar: US Enters War with ...

RT The Rollup (@therollupco)NEW EP: Why AI Agents Need Better Blockchain Data with Marcel FohrmannWhile the hype of the narrative has slowed, the developments in ai x cryptoIn today's episode, @ayyyeandy sits down with @I_1337_I from @helloSQD to cover:> Why Current Data Infra Can't Scale> SQD's "Airbnb of Databases" Model> Why Institutional Players Are Taking Crypto Data Seriously> The Fight to Keep AI DecentralizedFull episode links below.Timestamps:00:00 Intro00:59 Magic Ad01:27 Starknet Ad01:53 Marcel’s ...

Chinese zinc smelters, which account for over half of global supply, face growing pressure to lower run rates as capacity expansion outpaces demand, according to Beijing Antaike Information https://t.co/TT8Ja6TFTH ...

美国航线的船舱空间在中美达成协议后激增（Reuters） 日本等中国以外国家与美国之间的关税谈判大多仍未达成协议。如果对华关税再次提高，中美之间的运 输量有可能回到4月骤减时的水平。运费行情仍存在急剧波动的风险…… 上海发往美国的集装箱船现货（即时合约）运费暴跌，最近三周下跌了54%。此前因中美集装箱运输的 快速恢复而上涨，船运公司增加供应，供需紧张有所缓解。也有观点指出，运往美国的运输量已过顶 峰。中美达成关税协议后运费暴涨的混乱局面基本平息。 上海航运交易所的数据显示，截至6月27日，上海发往美国西海岸的集装箱运费（每个40英尺集装箱） 为2578美元。6月6日曾升至5606美元的近期最高点，但目前几乎回到了之前的水平。发往美国东海岸也 连续3周下跌。 中美根据部长级磋商的协议，于5月14日将相互征收的关税下调了115%。因4月加强对等关税而停滞的 中美集装箱运输量在达成协议后迅速恢复。 由于部分 关税下调为截至8月中旬的为期90天的限时措施，因此为了在期限内将货物送到美国而紧急预 订集装箱船的趋势加强。由于船舶的供需紧张，上海发往美国西海岸的运费出现创纪录上涨，每周的涨 幅均创历史新高。 运费走高并未长 ...

July 3, 2025 09:24 AM GMT TSMC | Asia Pacific New tax credits to help with US fab's long-term profitability; OW What's new? According to CNBC, under the latest "big beautiful bill" passed by the US Senate on July 1, tax credits for those semiconductor firms building capacity in the US could rise from 25% to 35%. Eligible companies include Intel, Micron, and TSMC. In our earlier note, we mentioned that TSMC opined on the semi tariffs and we maintained our view that TSMC's commitment to invest in its US fab s ...

ab 1 July 2025 Global Research Memory Semis Monthly July '25 Edition: HBM supply / demand remains healthy HBM supply / demand to remain in check Investors often ask us whether the disconnect between our HBM supply forecasts (i.e., shipments from HBM vendors) and demand estimates (based upon end-consumption) should be cause for concern. For now, we do not believe so. HBM typically ships into consignment inventories at TSMC, ahead of the CoWoS process taking place. This then can last up to 2 months. The packa ...

30 Jun 2025 10:19:53 ET │ 12 pages Xinyi Solar (0968.HK) Solar Glass Industry Supply Cut amid Weak Demand; 1H25E Result Preview Flash | China Solar Sector Air MaAC CITI'S TAKE The market talked about a 30% production cut by PRC solar glass makers in July to avoid the intense competition today (see: SMM), triggered by weakening demand, high inventory level and low solar glass prices. We view the coming supply cut to be a voluntary move by solar glass companies under operating pressure with weak demand outloo ...

V i e w p o i n t | 30 Jun 2025 10:52:19 ET │ 11 pages Metal Matters Gold consolidated to our 0-3m target of $3,300/oz; OBBBA and upcoming trade deals to further reduce US growth concern CITI'S TAKE We downgraded our 0-3m pt price target from $3,500/oz to $3,300/oz in our 3Q Outlook out in mid-June, and gold price has since declined by over $100/oz, now trading right below our target. Gold price moderated lower in 2H'June amid Middle East de-escalation and improved global growth outlook, and despite weaker ...