SMM Ranking by Metal Price Increase (Weekly)2017.9.1

According to US media Axios quoting three US officials on the 22nd, on the evening of the 21st, about 40 oil tankers passed through the southern channel of the Strait of Hormuz, shipping out about 16 million barrels of crude oil.

According to the latest news, the US measure to impose an additional 50% tariff on certain Canadian goods took effect at 12:01 a.m. ET on August 22. At midnight on August 21 local time, Canadian Prime Minister Carney stated that he had decided to suspend trade negotiations with the US. Carney said that while the US imposes a 50% tariff on Canadian goods, Canada will impose an equivalent tariff.

US President Trump delivered remarks on multiple topics including the US bond market, the Iranian situation, and the North American trade talks.Regarding the recent expansion of long-term Treasury buyback operations by the US Treasury Department, Trump stated that he did not instruct Treasury Secretary Bessent to intervene in the US bond market, adding that Bessent decided to act on his own, and claimed that US economic growth would naturally resolve the national debt issue.On the Iran issue, Trump said that the US has "completely controlled the entire region" and that Iran "could" reach an agreement with the US, but is "not ready" to do so yet. Referring to the US-Mexico-Canada Agreement (USMCA), Trump remarked that the US "should be able to reach a deal with Canada," which is "going well," and that the US has also initiated a new agreement with Mexico.