1.【iPhone17发售在即，部分果链企业大力招工】记者走访深圳龙华汽车站招工市场了解到，目前 富士康、蓝思科技、立讯精密等果链企业工厂正大力招工。有人力中介表示，目前上午应聘，如面试 通过，不需要体检，下午就可以进到富士康厂区开始工作。且由于目前处于产品生产旺季，要做好加 班的心理准备。工价方面，果链企业招工工价明显高于其他同类工厂，其中位于广东省外的蓝思科技 工厂小时工价达到37元/h，位于广东惠州的伯恩光学则达到33元/h，系省内最高，而其他非果链厂 商在广东省内的小时工价则多在25元/h以下。（财联社） 更多智能制造产业资讯 …… 欢迎加入 睿兽分析会员 ，解锁 AI、汽车、智能制造 等相关 行业日报、图谱和报告 等。 2.【华为三折叠屏手机Mate XTs非凡大师发布】华为三折叠屏手机Mate XTs非凡大师发布，搭载麒 麟9020芯片和鸿蒙5.0系统。（每日经济新闻） 3.【2025年Q2全球智能手表出货量同比增长8%，华为智能手表出货量首次夺冠超越苹果】根据 Counterpoint Research《2025年Q2全球智能手表出货量追踪》报告，华为的智能手表出货量在当 季首次超越苹果，成功跃 ...

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编者按 9月3日上午，纪念中国人民抗日战争暨世界反法西斯战争胜利80周年大会在京隆重举行，并在 天安门广场举行盛大阅兵仪式。石油和化工企业纷纷组织员工观看大会直播，共同见证人民军队的强军 风采，感受中华民族走向伟大复兴的铿锵步伐。 天津长芦汉沽盐场组织观看大会直播。 (彭小卫 摄) 铜化集团新桥矿业公司的生产班成员观看大会直播。 (朱常林 摄) 江西广源化工有限责任公司观看大会直播。 (袁飞灵 摄) 巨化集团团委组织百余名青年汇聚电石工业遗址集中收看大会。 (诸葛军 摄) 泰安圣奥组织全体党员观看大会。(刘俐 摄) 河南晋开集团延化化工有限公司观看大会。(荆利花 摄) 延长橡胶公司一线员工观看阅兵仪式。 (周阳 摄) 潞安化工集团组织观看大会。 (高勇 摄) 新和成机关党委组织党员集体观看大会。 (张琳 摄) 安化集团组织员工收看大会。 (王晓军 摄) 广东惠云钛业股份有限公司观看大会。 (李永晟 摄) ...

2511合约以5820元/吨（-1.76%）收盘，日内成交量10.23万手。隔夜原油市场，美国原油库存意外 增加，市场预计欧佩克及其限产同盟国将在本周末的会议上提高产量目标，国际油价继续下跌。目前 | | | PX&PTA&PR | | | | | | --- | --- | --- | --- | --- | --- | --- | | 2025/9/5 | 品种 | 更新日期 | 单位 | 现值 | 前值 | 涨跌(幅) | | | 期货结算价(连续):WTI原油 | 2025/9/4 | 美元/桶 | 63.48 | 63.97 | -0.77% | | | 期货结算价(连续):布伦特原油 | 2025/9/4 | 美元/桶 | 66.99 | 67.60 | -0.90% | | 上 游 | 现货价(中间价):石脑油:CFR日本 | 2025/9/4 | 美元/吨 | 592.50 | 605.00 | -2.07% | | | 现货价(中间价):二甲苯(异构级):FOB韩国 | 2025/9/4 | 美元/吨 | 687.00 | 687.50 | -0.07% | | | 现货价:对二甲苯PX:C ...

Core Points - The trade friction between Brazil and the United States has escalated rapidly, entering the WTO dispute resolution process, reflecting deeper issues in the global trade order [1] - The U.S. imposed high tariffs on Brazil's major export products under the guise of "national security," while Brazil opted to respond through multilateral mechanisms [1][2] Tariff Conflict - In April, the U.S. government announced a 10% tariff on Brazilian exports, seen as a "tentative warning," with minimal impact on key products like coffee and beef [2] - By July, the U.S. increased tariffs to 50% on most products, making Brazil one of the countries most affected by U.S. tariffs [2][3] - Brazil's Congress quickly passed a law allowing for retaliatory measures against U.S. imports, emphasizing the importance of national sovereignty and international rules [2][3] Economic Impact - The tariffs have led to a significant decline in Brazil's export expectations, with the export expectation index dropping to 46.6, marking a 21-month low [5] - The U.S. is Brazil's second-largest trading partner, accounting for 12% of Brazil's exports and 15.5% of imports, with a projected bilateral trade volume of approximately $91.5 billion in 2024 [5] - Key sectors such as coffee, beef, and steel are expected to suffer losses exceeding $1 billion due to the tariffs [5][6] Political Ramifications - The tariff conflict has become a sensitive issue in Brazil's election cycle, particularly affecting regions that heavily rely on exports to the U.S. [6] - Public sentiment towards the U.S. has soured, with negative perceptions rising to 48%, as many view the tariffs as an infringement on Brazil's sovereignty [6] Multilateral Challenges - Brazil has formally requested consultations with the WTO regarding the U.S. tariffs, accusing the U.S. of violating multiple trade rules [8] - Concerns have been raised about the effectiveness of the WTO's dispute resolution mechanism, particularly given the U.S.'s history of ignoring rulings under the pretext of national security [8][9] Strategic Adjustments - Brazil is diversifying its export strategy to reduce reliance on the U.S. market, strengthening ties with countries like China and India [9] - Initiatives include enhancing cooperation in agriculture and minerals, and increasing the use of local currency in trade [9][10] Conclusion - The U.S.-Brazil tariff dispute transcends bilateral issues, highlighting fractures in the global trade order, with Brazil seeking to leverage multilateral cooperation and adjust its export strategies [10]

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - The energy - chemical sector is divided into energy, alcohols, polyolefins, rubber, polyesters, alkalis, and others. Strategies mainly involve constructing option portfolio strategies with sellers as the main body and spot hedging or covered strategies to enhance returns [3][9]. 3. Summary by Related Catalogs 3.1 Futures Market Overview - The report presents the latest prices, price changes, trading volumes, and open interest changes of various energy - chemical option underlying futures contracts, including crude oil, liquefied petroleum gas (LPG), methanol, etc. For example, the latest price of crude oil SC2510 is 483, with a decline of 0 and a decline rate of - 0.06%, trading volume of 11.80 million lots, and open interest of 2.76 million lots [4]. 3.2 Option Factors - Volume and Open Interest PCR - It shows the volume, volume changes, open interest, open interest changes, volume PCR, volume PCR changes, open interest PCR, and open interest PCR changes of different option varieties. For instance, the volume PCR of crude oil options is 0.93, with a change of 0.32, and the open interest PCR is 0.71, with a change of - 0.06 [5]. 3.3 Option Factors - Pressure and Support Levels - From the perspective of the strike prices with the largest open interest of call and put options, the pressure and support levels of option underlying assets are analyzed. For example, the pressure level of crude oil is 600, and the support level is 450 [6]. 3.4 Option Factors - Implied Volatility - It provides the at - the - money implied volatility, weighted implied volatility, weighted implied volatility changes, annual average, call implied volatility, put implied volatility, HISV20, and the difference between implied and historical volatilities of various options. For example, the at - the - money implied volatility of crude oil options is 29.2, and the weighted implied volatility is 32.08, with a change of 2.92 [7]. 3.5 Strategies and Recommendations for Different Option Varieties 3.5.1 Energy - related Options (Crude Oil) - **Fundamentals**: OPEC shows a restrained attitude to support prices. US refinery demand declines due to reduced imports, and shale oil maintains normal fluctuations. The overall fundamentals are healthy, and the crack spread remains strong [8]. - **Market Analysis**: Crude oil rose rapidly in June, then fell continuously after reaching a high. Since July, it has weakened and then consolidated in a range. In August, it first rose and then fell, showing a short - term weakening and rebound - hindered market trend [8]. - **Option Factor Research**: The implied volatility of crude oil options fluctuates around the average level. The open interest PCR is below 0.80, indicating a short - term weakening and consolidating market. The pressure level is 600, and the support level is 450 [8]. - **Option Strategies**: Directional strategy: None. Volatility strategy: Construct a short - neutral call + put option combination strategy. Spot long - hedging strategy: Construct a long collar strategy [8]. 3.5.2 Energy - related Options (LPG) - **Fundamentals**: The domestic supply is loose, the main refinery's operation is stable at a high level, the commodity volume is at a seasonal high, and the import has declined slightly in the past two weeks. The port inventory remains high. The summer combustion demand is low, and the chemical demand has declined slightly [10]. - **Market Analysis**: LPG has been consolidating in a low - level range since June, then rose significantly and broke through the upper level. In July, it fell after reaching a high and then weakly consolidated. Since August, it has accelerated its decline and then rebounded, showing a weak market trend with pressure above [10]. - **Option Factor Research**: The implied volatility of LPG options has decreased significantly and returned to around the average level. The open interest PCR is around 0.60, indicating strong short - term short - selling power. The pressure level is 5400, and the support level is 4200 [10]. - **Option Strategies**: Directional strategy: None. Volatility strategy: Construct a short - bearish call + put option combination strategy. Spot long - hedging strategy: Construct a long collar strategy [10]. 3.5.3 Alcohol - related Options (Methanol) - **Fundamentals**: The import volume has increased, and the port inventory has accumulated to a high level. The demand from port MTO has improved, but the overall downstream demand is still weak [10]. - **Market Analysis**: Methanol rose and then fell in July, and has been gradually weakening and moving downward since August, showing a weak market trend with pressure above [10]. - **Option Factor Research**: The implied volatility of methanol options has decreased and fluctuates below the average level. The open interest PCR is below 0.80, indicating a short - term weakening and consolidating market. The pressure level is 2600, and the support level is 2250 [10]. - **Option Strategies**: Directional strategy: Construct a bearish call spread strategy. Volatility strategy: Construct a short - bearish call + put option combination strategy. Spot long - hedging strategy: Construct a long collar strategy [10]. And so on for other option varieties such as ethylene glycol, polypropylene, rubber, etc. Each variety has its own fundamental analysis, market trend analysis, option factor research, and corresponding option strategies [11][12][13][14].

Core Viewpoint - The China Commodity Price Index (CBPI) for August 2025 is reported at 111.7 points, reflecting a month-on-month increase of 0.3% and a year-on-year increase of 1.2%, indicating a stable recovery in the commodity market [1][4]. Price Index Summary - The CBPI has shown a continuous month-on-month increase for four consecutive months, signaling a stable recovery in the commodity market [1][4]. - The energy price index has rebounded, reporting 98.7 points with a month-on-month increase of 2% [4][10]. - The black metal price index has continued to rebound, reaching 79.7 points with a month-on-month increase of 2.2% [4][10]. - The non-ferrous metal price index has also risen, reporting 130.4 points with a month-on-month increase of 0.2% [4][10]. - The chemical price index has declined, reporting 101.9 points with a month-on-month decrease of 1% and a year-on-year decrease of 11% [10]. - The agricultural product price index has slightly decreased to 97.1 points, reflecting a month-on-month decline of 0.8% but a year-on-year increase of 1.4% [10]. Commodity Price Changes - Among the 50 monitored commodities, 25 saw price increases while 25 experienced declines in August [8]. - The top three commodities with price increases were coke (20.1%), praseodymium oxide (19.1%), and lithium carbonate (16.6%) [8]. - The top three commodities with price declines were apples (-4.6%), methanol (-3.6%), and urea (-2.8%) [8]. Market Insights - Analysts attribute the rebound in black metal prices to the implementation of policies aimed at expanding domestic demand and reducing competition [6][7]. - The rise in energy prices is linked to the peak summer energy demand and the ongoing implementation of "anti-involution" policies [6]. - The increase in non-ferrous metal prices is influenced by expectations of interest rate cuts by the Federal Reserve and a gradual recovery in domestic demand [6]. - The decline in chemical prices is primarily due to seasonal demand weakness and a drop in international oil prices, which has weakened cost support [10]. - The mineral price index has decreased due to high temperatures and heavy rainfall affecting project construction progress and downstream demand [10].

近期，美国与日本、韩国相继签署协议，日本和韩国分别承诺向美国投资5500亿美元和3500亿美元，此举再度提升市场对于特朗普政策能否有效推动美 国"再工业化"的关注度。我们在此前的报告 《特朗普的目标与现实——经济每月谈第六期》 中已从逻 辑层面 剖析美国"再工业化"目标面临的障碍。本报告 则聚焦于2019年以来的实际数据，评估美国推动产业链回流的努力对其制造业产生的客观影响。 2019年以来美国制造业回顾：投资有热度、生产未改善、就业继续下降。 制造业就业继续下滑。 尽管企业宣称"回流"带动的制造业新增就业数量持续增长，但美国劳工局数据显示，实际制造业就业人数近两年反而呈现收缩态势。 尤其值得注意的是，2 024年制 造业就业收缩幅度为2008年次贷危机后（除2020年疫情外）之最。 结构上美国电子产业链局部加速，但整体带动乏力。 前述市场关注到的美国绿地投资宣告流入及制造业建筑业支出激增均集中于电子产业链。如2020年以来 数据中心、计算机及电子设备制造行业的实际建筑支出分别增长了247%、740%。同期，计算机与电子设备制造业生产指数也增长了18%，位列18个制造 业子行业之首。但该行业产出占整体制造业比 ...

市场回调下，资金逆市加仓化工板块，规模最大的化工ETF(159870)昨日净申购11.3亿份，位列ETF榜第 一；净流入金额7.50亿元，位列ETF榜第三。化工ETF(159870）总份额突破225亿再创新高，规模突破 149亿再创新高。 以上内容与数据，与有连云立场无关，不构成投资建议。据此操作，风险自担。 后续展望，传统周期方面，油价中枢底部企稳，海外整体库存临近21年低位，叠加国内外流动性趋松， 海外关税预期明确，需求端有望长周期向上；供给端，化工板块资本开支已近尾声，在建工程环比连续 三个季度下滑，叠加"反内卷"政策加码，部分两高及落后产能确定性退出，中小型企业加速出清，供给 端边际明显改善。 ...

根据中国海关数据显示：2025年7月中国柠檬酸出口数量为10万吨，同比增长4.3%，出口金额为0.63亿 美元，同比增长2.7%。 相关报告：智研咨询发布的《2025-2031年中国柠檬酸行业市场发展潜力及投资前景分析报告》 数据来源：中国海关，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 近一年中国柠檬酸出口情况统计图 ...