API: U.S. refined-product inventories fell 1.801 mln barrels in the week to July 3, versus a 1.0 mln-barrel build expected and a prior 2.922 mln-barrel build.

Huatong Cable shares hit the daily upper limit yesterday and the lower limit today. On July 6 reports said the company's Angola electrolytic aluminium Phase II project was accelerating; market participants flagged a significant inventory build in 2025 and large working-capital tied up in copper and aluminium. Huatong said “accelerating” was not the company's wording and the project is progressing as planned. The company said it prepays for copper and aluminium while downstream collections are cyclical, calling this an industry-wide feature. Copper and aluminium account for roughly 90% of total costs; Huatong said it will pass raw-material price increases downstream but repricing cycles vary by region and customer. It also cited exposure to higher shipping costs, raw-material price swings and foreign-exchange volatility from its overseas business.

法國總統馬克龍：在霍爾木茲發生事件後，出現了開闢新航線的機會。