Central Bank**:Comprehensively use a variety of monetary policy tools to maintain reasonable and abundant liquidity, and match the scale of social financing and the amount of money with the expected target of economic growth and the highest level. We will increase counter-cyclical and cross-cyclical adjustments, guide the rational growth and balanced allocation of credit, and improve the quality and efficiency of financial support for the real economy. We will continue to deepen the market-oriented reform of interest rates and promote a steady and moderate decline in the cost of comprehensive social financing. The Paper:On December 15, the spot exchange rate of RMB against the US dollar rose one after another11 and 710 mark, the highest intraday appreciation to 70977, 16:30** to 70987, up 314 basis points from the previous trading day, which is the first time since the beginning of June 2023 that it has risen above 710 passes. In the early morning of December 14, after the Federal Reserve released the first signal, the spot exchange rate of RMB against the US dollar has appreciated continuously in the last two trading days, and the cumulative increase in the two days has reached 118%。
Coke:After the third round of coke price increases, a number of coke companies proposed the fourth round of price increases yesterday. This time, some coke enterprises in Hebei, Shanxi and Henan regions once again raised the fourth round of coke by 100-110 yuan. Manager Zhang believes that the price increase proposed by the coke enterprises this time is mainly to advance and retreat, and the probability of success is not large. At present, the profitability of steel enterprises is still poor, and the profitability of coke enterprises has improved significantly, which is more to prevent downstream steel enterprises from falling rapidly. (Finance Associated Press).
Corn:Recently, the corn market atmosphere is more pessimistic, and feed companies are cautious in buying. In addition, the feed sales volume in November was more than expected to deviate, and the feed companies expected deviation from the feed demand at the end of the year and the first quarter of next year. The latest survey data from the MySteel corn team shows that as of December 14, the average corn inventory of feed companies was 3034 days, a decrease of 052 days, from the 8 and a half month high, compared with the same period last year**1361%。（mysteel）
On December 15, according to the World ** Association, in November, the global physical ** ETF had a small outflow of about 9US$200 million, a significant decrease from the outflow in October. Total holdings in global** ETFs decreased by 9t from October to 3,236t, but total assets under management (AUM) also increased 2% to US$212 billion due to a 2% increase in the gold price**. (Interface News).Stainless steel:According to Mysteel, the Italian stainless steel company AST will start production on December 19 and is expected to stop production for 20 days. According to the union, the main reason is a long-term decline in orders and a significant increase in the cost of energy and raw materials. It is reported that ACCIAI Speciali Terni has an annual production capacity of about 1.4 million tons of stainless steel, and is one of the top four full-process producers of stainless steel flat products in Europe. (Finance Associated Press).
Natural rubber:After research, it was decided to cancel the registered brand qualification of Sinochem International (Holdings) Co., Ltd. *** Sinochem Rubber "brand natural rubber in our institute". From January 1, 2024, the above-mentioned brands of natural rubber cannot be stored to generate standard warehouse receipts, and the goods that have generated standard warehouse receipts can continue to be used for ** business until the expiration of the validity period. (Previous Issue).Palm Oil:Malaysia's palm oil exports from December 1 to 15 are expected to be 583003 tonnes, down 3 from 602,510 tonnes exported in the same period last month, according to data released by shipping survey agency SGS24%。(Xinhua Finance).
Soybeans:According to Mysteel Agriculture's survey of major oil mills across the country, the actual soybean crush of 111 oil mills was 171 in the week ended December 15750,000 tons, with an operating rate of 58%. (Xinhua Finance).Sugar:According to Egypt's "Al-Ahram" newspaper, on the 14th local time, Egypt's Ministry of Industry extended the country's ban on all types of sugar exports for three months. According to the report, the extension of the sugar export ban is a precautionary measure to ensure that Egypt has enough sugar in the country**. China News Network).
22:45 US Dec Markit Preliminary Manufacturing PMI 22:45 US Dec Markit Services PMI Preliminary Dec.
02:00 the next day: The total number of oil rigs (well) in the United States for the week to December 15
Article**: Oriental Wealth Research Center).