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2026-04-09 Thursday

2026-04-09

14:12:39

[Trump Declares Victory, Iran May Use Hormuz as Leverage to "Strengthen," Ceasefire Merely a Fragile Respite] 1. Analysts point out that while the US-Iran ceasefire agreement allowed Trump to declare victory, the reality is that Iran still firmly controls the Strait of Hormuz, wielding significant leverage to influence global energy markets and its Gulf rivals. This war is seen as a "serious strategic miscalculation" by Trump, with Iran's position actually solidifying after the blows. 2. Before the war, the Strait of Hormuz was legally considered an international waterway, with Iran only intermittently harassing ships. Now, Tehran has become the de facto gatekeeper, selectively deciding whether ships can pass and planning to charge tolls for safe passage. The Gulf states view the strait as a non-negotiable red line, and any outcome that allows Iran to effectively control it would be a defeat for Trump. 3. Iran has demonstrated resilience under continuous airstrikes, retaining the ability to further escalate the conflict. Its influence extends to Lebanon, Iraq, and the Bab el-Mandeb Strait in the Red Sea. Domestically, despite economic devastation and infrastructure ruins, the leadership remains firmly in control of the situation. 4. Analysts question the outcomes of the US-Israel war: no regime change, no Iranian surrender, no containment of highly enriched uranium stockpiles, and no end to Tehran's support for regional allies. The whereabouts of Iran's nuclear materials remain unknown, and missile and drone production continues. 5. Gulf officials stated that the ceasefire is a fragile pause; if it cannot evolve into a broader agreement that redefines the rules of engagement in the Strait and proxy battlefields, it is at best a tactical respite. If the core issues (ballistic missiles, drones, proxy forces, nuclear issue, and Straits governance rules) remain unresolved, the region will continue to be exposed to risks.

14:11:16

China's weekly apparent demand for rebar as of April 9

Previous : 228.26 Forecast : -

Published Value 229.14

Previous

14:11:14

China's weekly rebar output as of April 9

Previous : 207.10 Forecast : -

Published Value 215.59

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14:11:12

China's weekly social inventory of rebar as of April 9

Previous : 632.10 Forecast : -

Published Value 619.66

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14:11:12

Weekly inventory of rebar plants in China as of April 9th

Previous : 208.65 Forecast : -

Published Value 207.54

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14:04:14

Germany's unadjusted trade balance for February

Previous : 166 Forecast : -

Published Value 204

Previous

14:00:43

Germany's annual rate of industrial output adjusted for working days in February

Previous : -1.20% Forecast : 0.60%

Published Value 0%

Previous

14:00:09

South Africa's net gold and foreign exchange reserves in March

Previous : 758.35 Forecast : -

Published Value 731.87

Previous

14:00:09

The total amount of South Africa's gold and foreign exchange reserves in March

Previous : 810.60 Forecast : -

Published Value 777.59

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14:00:07

Germany's seasonally adjusted monthly export rate for February

Previous : -1.50% Forecast : 1%

Published Value 3.60%

Previous

14:00:07

Germany's seasonally adjusted industrial output monthly rate for February

Previous : -0.50% Forecast : 0.70%

美元
欧元 金银

Published Value -0.30%

Previous

14:00:07

Germany's seasonally adjusted trade balance for February

Previous : 214 Forecast : 185

Published Value 198

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14:00:07

Germany's seasonally adjusted monthly import rate for February

Previous : -6% Forecast : 4%

Published Value 4.70%

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13:59:43

[Iranian Ceasefire Fails to Mask Severe Damage to Middle East Infrastructure; Supply Tights Expected to Continue] 1. While the ceasefire agreement reached between Trump and Iran has temporarily quelled the fighting, dozens of refineries, oil fields, and LNG export terminals in the Middle East have been attacked by missiles and drones, making repairs extremely complex. Experts say they have "never seen such a scale of destruction," and the global oil and gas market will face prolonged supply shortages. 2. Critical facilities severely damaged: Approximately 17% of the capacity at Qatar's Ras Lafan LNG facility has been destroyed, with full recovery potentially delayed until 2030 and repair costs estimated at $10 billion. One production line at Shell's Pearl gas-to-liquids facility will be shut down for at least a year. Kuwaiti refineries have suffered severe damage, requiring three to four months to return to full production; Bahrain's Sitra refinery has declared force majeure. 3. About one-third of refineries in the Gulf region have been damaged, with repairs expected to take at least several months. The International Energy Agency estimates that over 40 critical energy assets have been damaged, causing the largest supply disruption in history. Rezid Energy estimates repair costs to exceed $25 billion. Iraq, Saudi Arabia, and other countries were forced to shut down approximately 7.5 million barrels per day of crude oil production, with sudden well shutdowns posing geological risks. 4. Supply chain bottlenecks exacerbate repair difficulties: Replacing customized transformers, valves, and gas turbines will take years, and a large number of specialized engineers and welders have already left. Wood Mackenzie stated that repair costs will crowd out approximately $100 billion in oil and gas investment in the region this year, forcing the postponement of growth projects. 5. Consulting firm Eurasia Group predicts that even if hostilities end, oil prices will remain above $80 per barrel this year. Brent crude fell to $95 per barrel after the ceasefire announcement, but is still far above the pre-war level of $60. Damage to non-energy facilities such as aluminum smelters will also push up metal prices.

13:00:15

Japan's household consumer confidence index for March

Previous : 40 Forecast : 38

Published Value 33.30

Previous

12:55:13

[Bridgewater's Dalio: The current US-Israel-Iran conflict is part of a world war, and the probability of multi-regional conflict in the next five years is over 50%] (1) Dalio warned that the US-Israel-Iran conflict is not an isolated event, but a component of a larger world war, and will not end in the short term. The current situation is highly similar to that of 1913-1914 and 1938-1939, and is in a critical stage of transition from "pre-war confrontation" to "wartime combat". (2) The typical trend of the conflict in this stage is escalation rather than easing. He judged that the probability of at least one major multi-regional conflict breaking out in the next five years is over 50%. The market's general expectation that "the war will end soon and everything will return to normal" is an underestimation risk. (3) Regarding the Strait of Hormuz, Dalio believes that the judgment that its closure will have a significant impact on China is not valid (China has abundant energy and a large amount of oil reserves). Although the United States has the strongest military, it is the most excessive in expansion and the weakest in the ability to bear the long-term cost of war. (4) He proposed a classic big cycle framework, pointing out that the world order has shifted from a multilateral rule-based order to a "might makes right" order, and more conflicts can be foreseen. The most reliable indicator of victory in a war is not which side is the strongest, but which side can endure the greatest suffering for the longest time.

12:44:45

[European Financial Institutions: Oil Prices Unlikely to Return to Pre-Middle East Conflict Levels in the Short Term] Several European financial institutions released reports on the 8th predicting that international oil prices are unlikely to fall back to pre-US-Iran conflict levels in the short term. The market needs to pay attention to the Strait of Hormuz's traffic flow and the recovery of infrastructure in the Middle East. ING stated that the news of the US and Iran agreeing to a two-week ceasefire has somewhat alleviated market concerns about long-term oil supply disruptions, causing international oil prices to fall below $100 per barrel. Future oil price trends will depend on whether a lasting agreement can be reached and whether shipping levels in the Strait can return to normal. Continued market volatility is expected during the negotiations. UBS stated that it is unclear when and to what extent shipping in the Strait will resume, and some tankers will need time to reroute. If traffic in the Strait is disrupted again, energy prices could rebound rapidly. Furthermore, even in an optimistic scenario, the repair of energy infrastructure and the recovery of production will take weeks or even months. Therefore, energy prices are unlikely to fall back to pre-conflict levels in the short term. Barclays believes the ceasefire has temporarily averted the "worst-case scenario" and opened the door to further de-escalation, but given the damage to energy infrastructure and the uncertain ultimate outcome of the conflict, oil prices are unlikely to reverse course quickly after rising. (Xinhua)

12:00:02

Malaysia's industrial output year-on-year rate in February

Previous : 5.90% Forecast : 5.20%

Published Value 3.10%

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Real-Time Popular Commodities

Instrument Current Price Change

XAU

4758.01

38.83

(0.82%)

XAG

74.415

0.361

(0.49%)

CONC

102.18

7.77

(8.23%)

OILC

98.98

2.82

(2.94%)

USD

98.982

-0.048

(-0.05%)

EURUSD

1.1676

0.0014

(0.12%)

GBPUSD

1.3411

0.0019

(0.14%)

USDCNH

6.8377

0.0057

(0.08%)