[Exclusive Article for Futures Market Monitoring Tool] BMI Raises Forecast: From a 93,000-ton surplus this year to a 1.5 million-ton deficit by 2035! Structural shortages will drive copper prices to $17,000 in the next decade. Click to read.

Export Development Canada (EDC) says global oil inventories have continued to decline, leaving the energy market more fragile. EDC forecasts average international oil prices of about $96/bbl this year and $84/bbl in 2027. EDC chief economist Stuart Bergman said distributed storage now functions as the market’s marginal producer. Pre-crisis stocks and strategic reserve releases have helped offset supply losses but have drawn inventories below seasonal normals. A permanent peace agreement and restoration of Strait of Hormuz shipping to pre-crisis levels would ease tightness; however, Bergman said the market remains supply-tight and is highly vulnerable to further disruption and sharp price swings if geopolitical risk escalates.

Key News 1. Luo Wen, Director of the State Administration for Market Regulation: Deepen the rectification of "involutionary" competition and create a favorable market environment. 2. Ministry of Commerce responds to progress in resolving the Nexperia semiconductor issue. 3. Ministry of Commerce: Will adjust export management in a timely manner according to changes in domestic and international helium supply and demand. 4. US launches anti-circumvention investigation into crystalline silicon photovoltaic cells. 5. Some foreign media portray China's provision of open-source AI models as a "trap"; Ministry of Foreign Affairs: Opposes drawing lines based on ideology. Individual Stock News 1. Joinn Laboratories: Risk of overheated market sentiment and irrational speculation. 2. Changxin Technology: Final online subscription rate was 0.47141739%. 3. TCL Technology: Participated in Changxin Technology's IPO strategic placement and received approximately RMB 158 million. 4. Montage Technology: The company's South Korean office was searched by the Seoul Central District Prosecutors' Office, involving anti-monopoly regulations. 5. Moore Threads: First-half revenue is expected to increase by 135%-149% year-on-year; MTTS5000 has achieved mass production. 6. Montage Technology: First-half net profit is expected to increase by 63.9%~81.2% year-on-year; DDR5 RCD chip shipments have increased significantly. 7. OKE: First-half net profit is expected to increase by 46339%-54062% year-on-year; CNC tool sales have achieved year-on-year growth. 8. Lingyun Optoelectronics: First-half net profit is expected to increase by 590% year-on-year. 9. Hygon Information: First-half net profit is expected to increase by 42%-52% year-on-year; continued optimization of CPU+DCU business layout and expansion of the high-end processor product market share. 10. Xiangjiang Holdings (two consecutive daily limit-up moves): A wholly-owned subsidiary signed a 796 million yuan data center service agreement with China Mobile Ningxia Company. 11. VeriSilicon Holdings Co., Ltd.: From April 30 to July 16, it signed new orders worth RMB 6.413 billion, with AI computing power-related orders and data processing orders accounting for more than 90% of the total.