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CITIC Securities: Looking ahead to the third quarter, commodity prices will continue to diverge. Overall, we are optimistic about commodities with strong demand support, such as copper, lithium carbonate, electrolytic aluminum, and coal.

2026-07-03

CITIC Securities: Looking ahead to the third quarter, commodity prices will continue to diverge. Overall, we are optimistic about commodities with strong demand support, such as copper, lithium carbonate, electrolytic aluminum, and coal.

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2026-07-02

Russian Defense Ministry said its air defenses shot down a "long-range combat tactical missile", seven guided bombs and 602 fixed-wing drones in the past 24 hours, but did not identify the missile model or provide further detail. Ukraine has not publ

Russian Defense Ministry said its air defenses shot down a "long-range combat tactical missile", seven guided bombs and 602 fixed-wing drones in the past 24 hours, but did not identify the missile model or provide further detail. Ukraine has not publicly confirmed use of a ballistic missile. Ukrainian defense firm "Fire Point" has said its FP-9 ballistic missile, with a reported range of about 850 km intended to strike deep Russian targets, could begin flight tests after engine development is complete as soon as this summer or early autumn.
2026-07-03

PBOC data for June showed a net injection of 10 bln yuan via open‑market government bond transactions, bringing cumulative H1 net injections to 300 bln yuan. June operations also included a 200 bln yuan net MLF injection and a 137.2 bln yuan net with

PBOC data for June showed a net injection of 10 bln yuan via open‑market government bond transactions, bringing cumulative H1 net injections to 300 bln yuan. June operations also included a 200 bln yuan net MLF injection and a 137.2 bln yuan net withdrawal via other structural liquidity tools. Short‑term liquidity provision comprised 7‑day reverse repo net injections of 582.6 bln yuan and other‑tenor reverse repo net injections of 300 bln yuan. The PBOC’s Q1 monetary policy execution report said it routinely conducts government bonds buy/sell operations and will flexibly adjust scale according to base‑money needs and bond‑market conditions.
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