柏油 (Bitumen) 加自选

周四，在美国总统唐纳德·特朗普确认对铜进口征收50%的关税将于8月1日生效后，铜期货价格攀升至每磅5.60美元左右，徘徊在历史高点附近。特朗普在Truth Social上表示，这一消息是在国家安全审查结束后发布的。他强调了铜的战略重要性，指出铜是国防部使用量第二大的材料，对半导体、航空航天、弹药、数据中心、锂离子电池、雷达系统、导弹防御和高超音速武器等行业至关重要。此举将美国铜期货相对于伦敦金属交易所合约的溢价推高至创纪录的25%，因为国际基准下跌，这标志着自2月贱金属关税威胁开始以来，随着交易商将铜转移到美国，国内库存增加的结束。

Copper futures climbed to around $5.60 per pound on Thursday, hovering near all-time highs, after US President Donald Trump confirmed that a 50% tariff on copper imports will take effect on August 1. The announcement followed the conclusion of a national security review, Trump stated on Truth Social. He emphasized copper’s strategic importance, noting it is the second most-used material by the Department of Defense and critical to industries such as semiconductors, aerospace, ammunition, data centers, lithium-ion batteries, radar systems, missile defense, and hypersonic weapons. The move pushed the premium on US copper futures over London Metal Exchange contracts to a record 25%, as international benchmarks declined, signaling the end of increasing domestic stockpiles as traders moved copper into the US since tariff threats on base metals started in February.

周四，日本10年期政府债券收益率降至1.49%左右，从数周高点回落，因其追随美国国债收益率的更广泛下跌。此前，美联储最近一次会议的纪要显示，大多数政策制定者对今年晚些时候的降息持开放态度。随着美日谈判似乎陷入僵局，尤其是关于日本保护其大米市场的谈判，贸易紧张局势加剧也影响了市场情绪。美国总统唐纳德·特朗普最近宣布对日本商品征收25%的关税，自8月1日起生效，并排除了任何延长最后期限的可能性。日本首相石破茂称这些措施“确实令人遗憾”，但重申东京承诺继续与华盛顿进行讨论，以寻求互利协议。当地一家智库估计，关税可能会使日本2025年的国内生产总值下降0.8%，到2029年累计下降1.9%。

Japan’s 10-year government bond yield declined to around 1.49% on Thursday, pulling back from multi-week highs as it tracked a broader drop in US Treasury yields. The move followed minutes from the Federal Reserve’s latest meeting, which showed most policymakers were open to interest rate cuts later this year. Sentiment was also shaped by rising trade tensions as the US-Japan negotiations appear to have stalled, particularly over Japan’s protection of its rice market. US President Donald Trump recently announced a 25% tariff on Japanese goods, effective August 1, and ruled out any extension to the deadline. Japanese Prime Minister Shigeru Ishiba described the measures as “truly regrettable” but reaffirmed Tokyo’s commitment to continue discussions with Washington in search of a mutually beneficial agreement. A local think tank estimates the tariff could reduce Japan’s GDP by 0.8% in 2025 and by 1.9% cumulatively through 2029.

多米尼加共和国的年通货膨胀率从5月份的一年半高点3.84%降至2025年6月的3.56%。价格增长放缓主要是食品和非酒精饮料（5月份为4.11%对4.92%）、交通（2.11%对2.43%）以及酒店和餐馆（5.29%对5.48%）。与此同时，服装和鞋类的成本进一步下降（-1.27%对-1.16%）。相反，住房和公用事业（2.14%对2.08%）以及娱乐和文化（5.42%对5.16%）的价格上涨。在5月份上涨0.08%之后，6月份消费者价格指数环比上涨0.21%。

The annual inflation rate in the Dominican Republic fell to 3.56% in June 2025, from May’s one-and-a-half-year high of 3.84%. Price growth slowed mainly for food and non-alcoholic beverages (4.11% vs 4.92% in May), transport (2.11% vs 2.43%), and hotels and restaurants (5.29% vs 5.48%). At the same time, costs for clothing and footwear dropped further (-1.27% vs -1.16%). Conversely, prices increased for housing and utilities (2.14% vs 2.08%) and recreation and culture (5.42% vs 5.16%). On a monthly basis, consumer prices rose by 0.21% in June, following a 0.08% increase in May.

马来西亚的失业率从去年同期的3.3%降至2025年5月的3.0%，连续第二个月降至2015年4月以来的最低水平。失业人数同比下降5.7%，至52.24万人，为五个多月来的最低点，而就业人数增长2.9%，达到1686万人的历史新高。与此同时，5月份劳动力参与率从一年前的70.6%上升到70.8%的历史最高水平，这是连续第二个月达到这一创纪录水平。

Malaysia’s unemployment rate dropped to 3.0% in May 2025 from 3.3% in the same month a year earlier, marking its lowest level since April 2015 for the second consecutive month. The number of unemployed persons fell 5.7% year-on-year to a more than five-month low of 522.4 thousand, while employment rose 2.9% to a record high of 16.86 million. In the meantime, the labor force participation rate increased to an all-time high of 70.8% in May, up from 70.6% a year earlier, pointing to the second successive month at this record level.