每经AI快讯，当地时间8月22日，伦敦基本金属全线上涨，LME期锌涨1.45%报2805.50美元/吨，本周累 计上涨0.38%；LME期铝涨1.43%报2622.00美元/吨，本周累计上涨0.58%；LME期锡涨1.27%报33845.00 美元/吨，本周累计上涨0.45%；LME期铅涨1.12%报1992.00美元/吨，本周累计上涨0.53%；LME期铜涨 0.87%报9809.00美元/吨，本周累计上涨0.36%；LME期镍涨0.31%报14975.00美元/吨，本周累计下跌 1.23%。 ...

Market Performance - The three major US stock indices experienced slight declines, with the S&P 500 down 0.4%, the Dow Jones down 0.34%, and the Nasdaq down 0.34% [1] - Most large tech stocks fell, including Tesla down over 1%, Facebook down more than 1%, Amazon down 0.83%, Apple down 0.49%, Nvidia down 0.24%, Microsoft down 0.13%, while Google rose 0.22% [1] Chinese Stocks - Most Chinese stocks saw gains, with Xiaoying Technology up over 16%, XPeng Motors up more than 11%, Manbang Group up over 10%, NIO up over 9%, and Tiger Brokers up over 6% [1] - However, Zhengye Technology fell approximately 30%, Yipeng Energy dropped over 23%, Canadian Solar down over 18%, Hesai Technology down about 11%, and Century Interconnect down over 8% [1] European Market - European stock indices closed mixed, with Germany's DAX index up 0.02% at 24280.64 points, France's CAC40 down 0.47% at 7935.2 points, and the UK's FTSE 100 up 0.23% at 9309.2 points [1] Commodity Prices - International precious metal futures closed mixed, with COMEX gold futures down 0.15% at $3383.5 per ounce and COMEX silver futures up 0.87% at $38.1 per ounce [1] - US oil main contract rose 1.23% to $63.48 per barrel, while Brent crude main contract increased 1.14% to $67.60 per barrel [1] Currency and Bond Market - The US dollar index rose 0.41% to 98.65, while the offshore RMB against the US dollar fell by 17 basis points to 7.1833 [1] - US Treasury yields collectively increased, with the 2-year yield up 4.19 basis points to 3.781%, the 3-year yield up 3.92 basis points to 3.736%, the 5-year yield up 3.49 basis points to 3.841%, the 10-year yield up 2.92 basis points to 4.316%, and the 30-year yield up 2.14 basis points to 4.908% [1] - European bond yields generally rose, with the UK 10-year yield up 5.7 basis points to 4.727%, France's 10-year yield up 4.9 basis points to 3.460%, Germany's 10-year yield up 3.9 basis points to 2.755%, Italy's 10-year yield up 5.5 basis points to 3.578%, and Spain's 10-year yield up 4.8 basis points to 3.342% [1]

每经AI快讯，当地时间8月20日，伦敦基本金属多数上涨，LME期锌涨0.63%报2786.00美元/吨，LME期 铝涨0.53%报2577.00美元/吨，LME期铅涨0.35%报1980.50美元/吨，LME期铜涨0.30%报9721.00美元/ 吨，LME期镍涨0.26%报15045.00美元/吨，LME期锡跌0.22%报33775.00美元/吨。 ...

Market Performance - The three major US stock indices closed mixed, with the Dow Jones up 0.02%, the S&P 500 down 0.59%, and the Nasdaq down 1.46% [1] - Major US tech stocks experienced declines, with Nvidia down over 3%, META down over 2%, and Tesla, Amazon, and Microsoft down over 1% [1] - Popular Chinese concept stocks generally fell, with Xunlei down over 10%, Weibo down over 6%, and New Oriental, iQIYI, and Miniso down over 2% [1] European Market - All three major European stock indices closed higher, with Germany's DAX index up 0.45%, France's CAC40 index up 1.22%, and the UK's FTSE 100 index up 0.34% [1] Commodities - International precious metal futures generally declined, with COMEX gold futures down 0.57% at $3358.90 per ounce and COMEX silver futures down 1.84% at $37.33 per ounce [1] - US oil main contract fell 1.12% to $62.00 per barrel, while Brent crude oil main contract dropped 0.95% to $65.97 per barrel [1] Currency and Bonds - The US dollar index rose 0.12% to 98.28, while the offshore RMB against the US dollar fell by 4 basis points to 7.1882 [1] - US Treasury yields collectively declined, with the 2-year yield down 1.69 basis points to 3.738% and the 10-year yield down 2.54 basis points to 4.306% [1] - European bond yields mostly fell, with the UK 10-year yield up 0.3 basis points to 4.738%, while the German 10-year yield fell 1.3 basis points to 2.747% [1]

每经AI快讯，当地时间8月12日，伦敦基本金属多数上涨，LME期铝涨1.33%报2622.50美元/吨，LME期 铜涨1.11%报9840.00美元/吨，LME期锌涨0.92%报2848.00美元/吨，LME期铅涨0.90%报2016.00美元/ 吨，LME期镍涨0.06%报15360.00美元/吨，LME期锡跌0.10%报33770.00美元/吨。 （文章来源：每日经济新闻） ...

Group 1: Market Reactions - LME copper prices increased by 0.30% to $9,761 per ton, driven by the consensus between China and the U.S. to continue the suspension of 24% tariffs [1] - The SHFE September copper contract remained stable at ¥78,940 per ton, reflecting positive sentiment in the commodity market due to the tariff suspension agreement [2] Group 2: Supply Dynamics - Expectations of increased copper supply are suppressing price gains, with Codelco reporting a 17% year-on-year increase in copper production to 120,200 tons in June [3] - The approval for the resumption of operations in unaffected areas of the El Teniente copper mine alleviated supply concerns, impacting copper prices [3] Group 3: Other Metals Performance - LME aluminum prices rose by 0.39% to $2,598 per ton, while nickel prices fell by 0.10% to $15,335 per ton [4] - In Shanghai, aluminum prices remained stable at ¥20,680 per ton, with nickel prices increasing by 0.79% to ¥122,590 per ton [4]

Market Performance - The three major U.S. stock indices experienced slight gains, with the Dow Jones up 0.47% at 44,901.92 points, the S&P 500 up 0.4% at 6,388.64 points, and the Nasdaq up 0.24% at 21,108.32 points [1] - Major tech stocks showed mixed results, with Tesla rising over 3%, Microsoft up 0.55%, Google up 0.53%, Apple up 0.06%, while Nvidia fell 0.14%, Facebook down 0.3%, and Amazon down 0.34% [1] - Chinese concept stocks mostly declined, with Luokung down over 12%, Xiaoying Technology down over 10%, and Daqo New Energy down about 7%, while Pony.ai rose nearly 5% and Waterdrop Inc. rose nearly 4% [1] - European major indices closed mixed, with Germany's DAX down 0.32% at 24,217.5 points, France's CAC40 up 0.21% at 7,834.58 points, and the UK's FTSE 100 down 0.2% at 9,120.31 points [1] Commodity Prices - International precious metal futures generally declined, with COMEX gold futures down 1.04% at $3,338.50 per ounce and COMEX silver futures down 2.29% at $38.33 per ounce [1] - U.S. oil main contract fell 1.45% to $65.07 per barrel, with a weekly decline of 1.48%; Brent crude oil main contract fell 1.11% to $67.60 per barrel, with a weekly decline of 2.42% [1] - London base metals all fell, with LME tin down 1.40% at $34,140.00 per ton, LME nickel down 1.29% at $15,265.00 per ton, LME copper down 0.82% at $9,796.00 per ton, LME aluminum down 0.60% at $2,631.00 per ton, LME zinc down 0.51% at $2,829.00 per ton, and LME lead down 0.10% at $2,020.50 per ton [1] Bond Yields - U.S. Treasury yields were mixed, with the 2-year yield up 0.91 basis points at 3.928%, the 3-year yield up 0.27 basis points at 3.872%, the 5-year yield down 1.23 basis points at 3.948%, the 10-year yield down 0.99 basis points at 4.388%, and the 30-year yield down 1.03 basis points at 4.930% [1] - European bond yields generally rose, with the UK 10-year yield up 1.3 basis points at 4.633%, France's 10-year yield up 0.7 basis points at 3.383%, Germany's 10-year yield up 1.4 basis points at 2.713%, Italy's 10-year yield up 0.2 basis points at 3.550%, and Spain's 10-year yield up 0.8 basis points at 3.311% [1]

Market Performance - The three major US stock indices closed mixed, with the Dow Jones down 0.7%, the S&P 500 up 0.07%, and the Nasdaq up 0.18% [1] - Popular tech stocks showed mixed results, with Tesla down over 8%, IBM down over 7%, while Nvidia, Amazon, and Broadcom rose over 1% [1] - Chinese concept stocks closed mostly lower, with the Nasdaq Golden Dragon China Index down 1.54%, Miniso up over 8%, XPeng up over 1%, while Baidu, Li Auto, and Bilibili fell over 2% and 4% respectively [1] European Market - European stock indices closed mixed, with Germany's DAX up 0.23%, France's CAC40 down 0.41%, and the UK's FTSE 100 up 0.85% [1] Commodity Prices - International precious metal futures generally fell, with COMEX gold futures down 0.77% at $3371.3 per ounce and COMEX silver futures down 0.55% at $39.285 per ounce [1] - International oil prices saw slight gains, with the main US oil contract up 1.39% at $66.16 per barrel and Brent crude up 0.96% at $68.48 per barrel [1] Currency and Debt Markets - The US dollar index rose 0.29% to 97.49, while the offshore RMB against the US dollar fell by 35 basis points to 7.1555 [1] - US Treasury yields collectively rose, with the 2-year yield up 4.89 basis points to 3.918%, the 3-year yield up 4.48 basis points to 3.869%, the 5-year yield up 3.52 basis points to 3.961%, the 10-year yield up 1.79 basis points to 4.398%, and the 30-year yield up 0.21 basis points to 4.940% [1] - European bond yields mostly increased, with France's 10-year yield up 7.9 basis points to 3.376%, Germany's 10-year yield up 6.3 basis points to 2.699%, Italy's 10-year yield up 8.9 basis points to 3.548%, Spain's 10-year yield up 7.8 basis points to 3.304%, while the UK's 10-year yield fell by 1.2 basis points to 4.620% [1]

Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - The domestic commodity market experienced a rare daily limit surge on Tuesday, with the main contracts of six varieties, including glass, soda ash, coking coal, coke, industrial silicon, and polysilicon, closing at the daily limit. The core driving force for this rally is the continuous release of the "anti-involution" policy signal by the state, combined with the coal mine production inspection notice circulated on the same day, which triggered expectations of supply tightening [2][46]. - The international precious metal futures generally closed higher, while international oil prices slightly declined. London's base metals mostly rose, and international agricultural product futures showed mixed performance [3][4][5]. - In the financial market, A-shares continued to rise, and the Hong Kong stock market also showed an upward trend. The science and technology innovation board celebrated its 6th anniversary, and Central Huijin increased its holdings of ETFs on a large scale in the second quarter [30]. - Overseas, there are various events and statements, including trade negotiations, comments on the Federal Reserve's policies and personnel, and corporate financial reports [10][11][43]. Summaries by Relevant Catalogs Overnight Night Market Trends - Domestic commodity market: Six varieties' main contracts closed at the daily limit, and the black series continued to rise at night, with coking coal up 11% and coke up 5.29% [2]. - International precious metal futures: COMEX gold futures rose 1.10% to $3444.00 per ounce, and COMEX silver futures rose 0.83% to $39.66 per ounce [3]. - International oil prices: WTI crude oil main contract fell 0.76% to $65.45 per barrel, and Brent crude oil main contract fell 0.66% to $68.75 per barrel [4]. - London base metals: Most rose, with LME zinc up 0.53%, LME copper up 0.39%, LME tin up 0.32%, and LME aluminum up 0.21% [4]. - International agricultural product futures: Mixed performance, with US soybeans down 0.17%, US corn down 1.18%, US soybean oil down 0.59%, US soybean meal up 1.13%, and US wheat up 1.34% [5]. Important Information Macroeconomic Information - The "Regulations on Rural Highways" will be implemented on September 15, 2025, aiming to promote the high-quality development of rural highways [8]. - As of the end of the second quarter of 2025, the balance of RMB loans of financial institutions was 268.56 trillion yuan, a year-on-year increase of 7.1%. The balance of RMB real estate loans was 53.33 trillion yuan, a year-on-year increase of 0.4% [8]. - The current market has no obvious unilateral expectation of RMB appreciation or depreciation, and market transactions are rational and orderly [9]. - There are various international events and statements, including trade negotiations, comments on the Federal Reserve's policies and personnel [10][11][12]. Energy and Chemical Futures - The next round of China-US talks may discuss China's purchase of Russian and Iranian oil [15]. - As of the week of July 21, the social inventory of domestic asphalt increased by 0.3%, and the factory inventory decreased by 2.6% [15]. Metal Futures - The Ministry of Industry and Information Technology will support the stable operation and high-quality development of the non-ferrous metal industry [17][18]. - China's alumina exports in June 2025 decreased by 17.71% month-on-month but increased by 8.95% year-on-year [18]. - In May 2025, the global refined copper market had a surplus of 97,000 tons, and from January to May, the surplus was 272,000 tons [18]. Black Series Futures - Some steel mills plan to raise the price of wet-quenched coke by 50 yuan/ton and dry-quenched coke by 55 yuan/ton on July 23 [20]. - The inventory of imported iron ore in 47 ports in China increased by 722,500 tons compared with last Monday [20]. Agricultural Product Futures - Russia reduced its wheat production and export volume forecasts for 2025 [22]. - Malaysia's palm oil exports in June 2025 remained high, but the inventory reached an 18-month high [23]. - It is expected that the new cotton yield per mu in 2025 will be 158.7 kg, a year-on-year increase of 2.5% [23]. - Various other agricultural product data, including soybean, pig, and sugar production and trade information [25][26][28]. Financial Market Finance - A-shares continued to rise, with the Shanghai Composite Index rising 0.62% to 3581.86 points, and the market turnover expanding to 1.93 trillion yuan [30]. - The Hong Kong Hang Seng Index rose 0.54% to 25,130.03 points, and the southbound capital had a net inflow of HK$2.717 billion [30]. - The science and technology innovation board celebrated its 6th anniversary, with 589 companies listed, raising a total of 925.7 billion yuan in IPOs and 186.7 billion yuan in refinancing [30]. - Central Huijin increased its holdings of ETFs by over 200 billion yuan in the second quarter [32]. - Overseas institutions mainly surveyed companies in the electronics, machinery, pharmaceutical, and non-ferrous metal industries in July [32]. - Zhongyou Insurance triggered a mandatory tender offer by buying 726,000 shares of Green Power Environmental Protection H shares [32]. - The Shanghai Stock Exchange took regulatory measures against abnormal trading behavior in *ST Yazhen [32]. - The Shanghai Stock Exchange and China Securities Index Company will launch the Shanghai Science and Technology Innovation Private Enterprise Index and the Shanghai Science and Technology Innovation Private Enterprise Strategy Index on July 23 [33]. - SenseTime plans to enter the field of embodied intelligence [33]. Industry - The National Data Administration has guided the construction of data annotation bases in 7 cities and plans to layout data industry agglomeration areas in the second half of the year [34]. - 127 domestic games and 7 imported games obtained game licenses in July [36]. - The game "Late Ming: Feather of the Abyss" topped the Steam bestseller list [36]. - The news of "Beijing banning fuel vehicles from ride-hailing platforms" was false [36]. - China's shipbuilding industry maintained its global leading position in the first half of the year [36]. - Telecommunication business revenue in the first half of the year was 905.5 billion yuan, a year-on-year increase of 1% [37]. Overseas - Trump called for the Federal Reserve to cut interest rates and said that Fed Chairman Powell would leave office soon [38]. - US Treasury Secretary Yellen said that tariff revenue was "huge" and supported Powell to complete his term [38]. - Various international events, including trade negotiations, policy statements, and corporate financial reports [38][40][43]. International Stock Markets - US stocks closed mixed, with the Dow Jones rising 0.4%, the S&P 500 rising 0.06%, and the Nasdaq falling 0.39% [43]. - European stocks closed mixed, with the German DAX falling 1.09%, the French CAC40 falling 0.69%, and the UK FTSE 100 rising 0.12% [43]. - Coca-Cola's second-quarter adjusted revenue and earnings per share were better than expected [43]. - General Motors' second-quarter revenue and net profit declined [44]. - Lockheed Martin's second-quarter net sales and operating profit were lower than expected, and it lowered its full-year earnings per share forecast [45]. Commodities - Similar to the overnight night market trends, the domestic commodity market had a daily limit surge, and international precious metal, oil, and base metal futures showed different performances [2][3][4][46]. - Russia maintained its forecast for grain production and export volume [48]. Bonds - The domestic bond market was weak, with treasury bond futures closing down [49]. - As of the end of June, overseas institutions held 4.23 trillion yuan of interbank market bonds, accounting for about 2.5% of the total [50]. - The Asian Infrastructure Investment Bank successfully issued a 20 billion yuan panda bond [50]. - Japanese government bond yields attracted record foreign capital inflows [52]. - US bond yields declined across the board [52]. Foreign Exchange - The RMB appreciated by 1.9% against the US dollar in the first half of the year, and the market had no obvious unilateral expectation [53]. - The onshore RMB against the US dollar rose 12 points, and the offshore RMB rose 5 points [54][55]. - The US dollar index fell 0.49%, and most non-US currencies rose [54]. Upcoming Events - There are various events scheduled for July 23, including central bank operations, press conferences, and industry exhibitions [56].

Market Performance - The three major U.S. stock indices showed mixed results, with the Dow Jones down 0.04%, the S&P 500 up 0.14%, and the Nasdaq up 0.38% [1] - Popular tech stocks mostly rose, with Google increasing over 2%, and Meta, Broadcom, and Amazon each rising over 1% [1] - Chinese concept stocks had mixed closing results, with Huya soaring 16%, NIO up nearly 3%, Pinduoduo up over 2%, while Li Auto fell over 4% and JD.com dropped over 1% [1] - European stock indices also showed mixed results, with Germany's DAX index up 0.08%, France's CAC40 down 0.31%, and the UK's FTSE 100 up 0.23% [1] Commodity Prices - International precious metal futures generally rose, with COMEX gold futures up 1.55% at $3410.30 per ounce and COMEX silver futures up 2.02% at $39.24 per ounce [1] - International oil prices slightly declined, with the main U.S. oil contract down 0.41% at $65.78 per barrel and Brent crude down 0.36% at $69.03 per barrel [1] Currency and Bond Markets - The U.S. dollar index fell by 0.64% to 97.83, while the offshore RMB closed at 7.1709 against the dollar, appreciating by 101 basis points from the previous trading day [1] - U.S. Treasury yields fell across the board, with the 2-year yield down 1.05 basis points to 3.8523%, the 3-year yield down 2.25 basis points to 3.8104%, the 5-year yield down 2.63 basis points to 3.9132%, the 10-year yield down 3.38 basis points to 4.3757%, and the 30-year yield down 3.93 basis points to 4.943% [1] - European bond yields collectively decreased, with the UK 10-year yield down 7.1 basis points to 4.601%, France's 10-year yield down 10.4 basis points to 3.292%, Germany's 10-year yield down 8.3 basis points to 2.611%, Italy's 10-year yield down 10.1 basis points to 3.447%, and Spain's 10-year yield down 9.6 basis points to 3.212% [1]