Newsflash

Hungarian Central Bank Governor Varga: We are prepared to gradually lower the inflation target.

Iranian lawmaker Somayeh Rafiei: Iran can take "special measures" in response to the IAEA's resolution and may consider taking action.

The yield on German 10-year government bonds rose to 3.4482%, the highest level since April 2011.

Dalian Commodity Exchange (DCE): The recent international situation has been complex and volatile, leading to significant fluctuations in commodities, particularly ethylene glycol. All member firms are urged to monitor market developments, strengthen risk management, and guide market participants to trade rationally and in compliance with regulations.

New York silver futures fell 1.00% on the day, currently trading at $67.25 per ounce.

[Financial Insight] Where do central banks store their gold reserves?

[Daily PTA and Short Fiber Chemical Fiber News Summary]<br/>I. Raw Material Market Trends<br/>1. On September 9th, New York crude oil futures for October delivery rose $3.02 to settle at $96.05/barrel, and Brent crude oil futures for November delivery rose $3.29 to settle at $101.21/barrel. Naphtha rose $9 to $904/ton CFR Japan.<br/>2. On September 9th, Asian isomeric MX rose $4 to $1100/ton FOB Korea. Asian PX rose $6 to $1219/ton FOB Korea and $1240/ton CFR China.<br/>3. On September 9th, ethylene prices in Northeast Asia remained flat at $1180/ton; prices in Southeast Asia remained flat at $1140/ton CFR.<br/>4. In the morning, PTA futures fluctuated at high levels, liquidity at major ports was tight, and the spot basis strengthened. September futures offers were around 01+600, bids were around 01+510~520, and the price negotiation range was around 6800~6850. It is understood that there were transactions in the September contract at 01+550 in the morning. In the afternoon, PTA futures fluctuated at high levels, spot market negotiations were moderate, the basis was relatively strong, September futures offers were around 01+450~460, and bids were around 01+400. <br/>5. In the morning, the domestic MEG market rose and then fell. Currently, the spot basis for this week is around 980-990 premium to the October contract, with negotiations at 6970-6980. Several transactions in the morning were around 990-1020 premium to the October contract. Next week, the spot basis is around 860-880 premium to the October contract, with negotiations at 6850-6870. Several transactions in the morning were around 890-900 premium to the October contract. The October futures basis is around a premium of 250-290 yuan/ton over the October contract, with negotiations around 6240-6280 yuan/ton. In the afternoon, the domestic MEG market saw narrow fluctuations, with moderate trading activity. Currently, the spot basis this week is around a premium of 1010-1020 yuan/ton over the October contract,

The Shanghai Futures Exchange (SHFE) issued an announcement regarding regulatory measures to restrict the opening of positions by certain clients: On September 10, 2026, a group of accounts under actual control exceeded the daily opening volume limit for relevant contracts, reaching the exchange's processing standard. The aforementioned clients' trading behavior violated Article 16 of the "Shanghai Futures Exchange Abnormal Trading Behavior Management Measures," and the exchange decided to impose regulatory measures restricting the opening of positions by the relevant clients on the corresponding contracts.

The People's Bank of China announced that it will conduct overnight reverse repurchase operations from September 14 to September 17, using a fixed interest rate and quantity bidding, with a daily operation volume not exceeding 600 billion yuan.

The yield on UK two-year government bonds rose to its highest level since November 2023, reaching 4.727%, up 1 basis point on the day.

Greek industrial output fell 1.2% year-on-year in July.

The yield on 5-year UK government bonds rose to 4.822%, a three-year high, up 2 basis points on the day.

Brent crude oil rose above $100 a barrel, up 0.44% on the day.

The UK 2-year yield rose 2 basis points to 4.72%, the highest level since November 2023.

The China Securities Regulatory Commission (CSRC) has approved RL Asset Management (HK) Limited's Qualified Foreign Investor (QFII) status.

The onshore yuan closed at 6.7062 against the US dollar at 16:30 on September 10, up 17 points from the previous trading day.

A Putin aide said: "The United States seems more interested in (peace) negotiations and hopes that Washington can push for dialogue in Kyiv."

Russian President Vladimir Putin's aide: Western Europe is not interested in peace in Ukraine and does not encourage Kyiv to negotiate.

Iraqi Armed Forces spokesman: September 30 is the final date for the international coalition's operation in Iraq.

The Yemeni Foreign Ministry stated that Saudi Arabia continues to violate Yemen's sovereignty and maintains its bombing of provinces with Saudi warplanes, demanding a response until these hostile actions cease.