Domestic commodities **morning**, most of the main contracts**. In terms of decline, European line container transportation fell by more than 6%, fuel oil, low sulfur fuel oil fell by more than 4%, Shanghai nickel, pulp, Shanghai silver fell by more than 2%, asphalt, stainless steel, palm oil fell by nearly 2%, soybean two, LPG, soybean oil, ethylene glycol, Shanghai tin, etc. fell more than 1%;In terms of gains, No. 20 rubber rose by more than 2%, and alumina, rubber, glass, and caustic soda rose by more than 1%. People**:The person in charge of the relevant department and bureau of the Ministry of Commerce said that the next step will be to promote the continuous expansion of consumption and set 2024 as the "Year of Consumption Promotion". We will adhere to the two-wheel drive of "policy + activities", highlight key categories, festivals and seasons, continue to organize and carry out a variety of consumption promotion activities, create more new scenarios for the integration of business, tourism, culture and sports, and create a good consumption atmosphere.
Shanghai ** News: The People's Bank of China announced on December 28 that the Monetary Policy Committee recently held its regular meeting for the fourth quarter of 2023. The meeting pointed out that a prudent monetary policy should be flexible, moderate, precise and effective. Different from the regular meeting in the third quarter, this meeting changed the expression of monetary policy from "precise and powerful" to "precise and effective", and implemented the latest requirements of the ** economic work conference. Data released by the U.S. Energy Information Administration (EIA) showed that U.S. business ** inventories fell by 711 in the week ended Dec. 2240,000 barrels, a decline greater than the market previously expected of 27040,000 barrels. But the key Cushing area **inventory continued**, increasing by 15080,000 barrels, which weighed on oil prices. (Finance Associated Press).Lithium carbonate:A number of experts interviewed by a reporter from the China Economic Times believe that it is only a matter of time before battery-grade lithium carbonate falls below 100,000 tons. "When it goes from double digits to single digits, the market may be more panicked and worried, leading investors and consumers to be more cautious, which will affect the balance of supply and demand in the market and the trend of the market. Bai Wenxi, chief economist of IPG China, told the China Economic Times. (China Economic Times).Coking coal:In the first quarter, the long-term agreement price of Pingdingshan mainstream large mines**, the main coking coal 2320 yuan ton rose 200 yuan ton, and 1 3 coking coal 2020 yuan ton rose 150 yuan ton, all of which were accepted by the car plate price and included tax, and will be implemented from January 1. （mysteel）
Hogs:Huachu.com issued a notice on matters related to the rotation and storage of frozen pork on January 2, 2024, and the auction transaction of 30,000 tons was listed. (Finance Associated Press).
Rebar:The blast furnace operating rate of 247 steel mills was 7519%, down 2 from last week52%, a year-on-year decrease of 002% ；The utilization rate of blast furnace ironmaking capacity is 8275%, a decrease of 2% month-on-month, and a year-on-year increase of 016% ；The profitability of steel mills is 2814%, down 563%, an increase of 8 year-on-year23% ；The average daily output of molten iron is 221280,000 tons, down 5 percent from the previous month360,000 tons, a year-on-year decrease of 123% 。mysteel）Iron ore:The inventory of imported iron ore in 45 ports across the country is 1199173, an increase of 104 from the previous month97；The average daily volume of port evacuation is 29814 increased by 4319。In terms of volume, the Australian mine is 528487 increased by 5615, Brazil Mine 461887 down 2183；**Mine 697994 increased 3185, pellet 44994 increased by 2625, fine powder 96974 increased by 541, lump ore 157651 down 2243, coarse powder 899554 increased by 9574；The number of ships in port was 123, down 25. (Unit: 10,000 tons) (mysteel).
The total inventory of imported iron ore of steel mills in the country is 9526950,000 tons, an increase of 36980,000 tons;The daily consumption of imported ore in the current sample steel mill is 269670,000 tons, a decrease of 6920,000 tons, with an inventory-to-consumption ratio of 3533, an increase of 102 days. （mysteel）
Styrene:The latest data shows that in the week ended December 28, the overall output of China's styrene factories was 29740,000 tons, up 0990,000 tons, an increase of 344%。The three major downstream start-ups of styrene in China are: EPS capacity utilization rate is 5511%, an increase of 44%；PS capacity utilization rate is 6963%, down 053%；ABS capacity utilization rate is 709%, down 286%。(Longzhong Information).
Cotton:The Ministry of Industry and Information Technology released the situation of the textile industry from January to November 2023, and from January to November, the industrial added value of textile enterprises above designated size decreased by 1% year-on-year6%, operating income of 4,221.9 billion yuan, down 15%；The total profit was 144.7 billion yuan, a year-on-year decrease of 09%。The output of yarn and cloth of enterprises above designated size decreased year-on-year respectively8%, clothing and chemical fiber output increased year-on-year0%。(Finance Associated Press).Soybeans:Argentina's Buenos Aires Grain Exchange's 2023 24 Soybean Report shows that as of Dec. 27, 7% of the soil moisture of Argentina's soybean crop is in deficit to extreme shortage (6% last week and 45% last year);91% are in the beneficial to appropriate position (91% last week, 55% last year) and 2% are in excess (3% last week, 0% last year). Argentina's soybean crop condition is rated as poor at 3% (3% last week and 30% last year);Generally 57% (60% last week, 60% last year);Excellent at 40% (37% last week, 10% last year). Xinhua Finance).
Sugar:According to Pan Sugar Technology, according to the price of ICE raw sugar on December 28, the estimated cost of Brazilian sugar processing within the quota is 5,643 yuan ton, and the estimated cost of Brazilian sugar processing is 7,238 yuan tonThe estimated dutiable cost of Thai sugar processing within the quota is 5,745 yuan, and the estimated dutiable cost of Thai sugar processing is 7,372 yuan. Xinhua Finance).
Article**: Oriental Wealth Research Center).