API: U.S. refinery crude runs +34,000 b/d in week to July 3; prior +76,000 b/d.

美聯儲威廉姆斯：貨幣政策已爲實現美聯儲目標做好準備。

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.