Barter trade activities between Chinese automotive giant Chery Automobile and Iran have risen amid U.S. Sanctions on the country by President Donald Trump.Cars Paid For In Metal Instead Of CashAs Trump escalated sanctions on Iran after abandoning the Iran Nuclear Deal in 2018, a barter trade began between Chery and Iran as the country's access to the global financial system became restricted, Bloomberg reported on Monday.The trade lets Chery, which is the largest exporter of vehicles in China, supply semi-k ...

Core Viewpoint - The market experienced fluctuations in early trading, with the Shanghai Composite Index showing narrow movements while the ChiNext Index rebounded to reach a three-year high [1] Market Performance - The total trading volume in the Shanghai and Shenzhen markets reached 1.54 trillion, an increase of 134.8 billion compared to the previous trading day [1] - By the end of the trading session, the Shanghai Composite Index rose by 0.16%, the Shenzhen Component Index increased by 1.14%, and the ChiNext Index surged by 2.22% [1] Sector Performance - AI hardware and applications saw a collective surge, with Inspur Information hitting the daily limit and reaching a historical high, while Huajin Technology also touched the daily limit and set a new high [1] - The non-ferrous metal sector was active, with several stocks, including Northern Copper Industry, reaching the daily limit [1] - Controlled nuclear fusion concept stocks experienced fluctuations, with Hezhong Intelligent achieving two daily limits in four days, and Haheng Huaton hitting the daily limit [1] Declining Sectors - The port and shipping sector collectively declined, with Ningbo Port dropping over 8% during the session [1] - Sectors such as gaming, AI applications, and controlled nuclear fusion showed significant gains, while the port and shipping, precious metals, and tourism sectors faced notable declines [1]

Report Summary 1) Report Industry Investment Rating - Not provided in the given content 2) Report's Core View - The report provides cross - market, cross - period, spot - futures, and cross - variety arbitrage tracking data for various non - ferrous metals including copper, zinc, aluminum, nickel, and lead on May 29, 2025 [1][3][4] 3) Summary by Related Catalogs Cross - Market Arbitrage Tracking - **Copper**: Spot domestic price is 78450, LME price is 9622, and the ratio is 8.14; March domestic price is 77650, LME price is 9578, and the ratio is 8.15. Spot import equilibrium ratio is 8.22 with a profit of - 796.53, and spot export profit is 332.65 [1] - **Zinc**: Spot domestic price is 22840, LME price is 2666, and the ratio is 8.57; March domestic price is 22035, LME price is 2686, and the ratio is 6.24. Spot import equilibrium ratio is 8.73 with a profit of - 434.37 [1] - **Aluminum**: Spot domestic price is 20340, LME price is 2476, and the ratio is 8.22; March domestic price is 20025, LME price is 2475, and the ratio is 8.15. Spot import equilibrium ratio is 8.66 with a profit of - 1103.93 [1] - **Nickel**: Spot domestic price is 123200, LME price is 14966, and the ratio is 8.23. Spot import equilibrium ratio is 8.28 with a profit of - 3261.72 [1] - **Lead**: Spot domestic price is 16600, LME price is 1957, and the ratio is 8.47; March domestic price is 16700, LME price is 1975, and the ratio is 11.35. Spot import equilibrium ratio is 8.92 with a profit of - 879.74 [3] Cross - Period Arbitrage Tracking - **Copper**: For different months compared to the spot month, the spreads are - 340, - 560, - 780, - 1010 respectively, while the theoretical spreads are 493, 884, 1284, 1684 [3] - **Zinc**: The spreads are - 375, - 550, - 675, - 750 respectively, and the theoretical spreads are 216, 338, 460, 582 [3] - **Aluminum**: The spreads are - 40, - 110, - 160, - 190 respectively, and the theoretical spreads are 212, 324, 437, 550 [3] - **Lead**: The spreads are - 100, - 105, - 140, - 120 respectively, and the theoretical spreads are 209, 314, 419, 524 [3] - **Nickel**: The spreads are - 2220, - 2030, - 1820, - 1550 respectively [3] - **Tin**: The 5 - 1 spread is 6050, and the theoretical spread is 5358 [3] Spot - Futures Arbitrage Tracking - **Copper**: The spreads of the current - month and next - month contracts compared to the spot are - 270 and - 610 respectively, and the theoretical spreads are 278 and 662 [3] - **Zinc**: The spreads are - 255 and - 630 respectively, and the theoretical spreads are 49 and 182 [3] - **Lead**: The spreads are 205 and 105 respectively, and the theoretical spreads are 165 and 276 [4] Cross - Variety Arbitrage Tracking - The ratios of copper/zinc, copper/aluminum, copper/lead, aluminum/zinc, aluminum/lead, and lead/zinc for Shanghai (three - continuous) are 3.52, 3.88, 4.65, 0.91, 1.20, 0.76 respectively; for LME (three - continuous) are 3.56, 3.87, 4.82, 0.92, 1.25, 0.74 respectively [4]