Lithium carbonate is still the brightest star in the market, rising 858%, leading the entire market. Driven by lithium carbonate,Non-ferrous metal sheetsThe block is upward as a whole, of which, alumina and Shanghai aluminum ** exceed 1%. In China, Shanghai Bank **282%, Shanghai Gold **14%。
BlackThe overall decline, ferrous metals**, rebar, iron ore, hot coil** more than 1%; *Plate, LPG**17%, * fuel oil retreats; Coking coal fell 334%。
Chemical sector, PTA, staple fiber, soda ash, urea** more than 1%.
Agricultural products sector, pigs, jujubes, soybean oil, rapeseed oil, soybean meal, rapeseed meal** are more than 1%, peanuts**119%。
The Paper:At 2 a.m. Beijing time on December 14, the Federal Reserve issued an interest rate decision showing that the target range of the federal interest rate was maintained at 525%-5.5% remained unchanged at a 22-year high, in line with market expectations. The dot plot released by the Fed at the same time suggests that the Fed may cut interest rates three times in 2024, or 75 basis points.
Brokerage China:This year, there is a significant divergence between domestic and foreign commodity indexes, and the international Bloomberg Commodity Index has been 13% this year, while the domestic South China Commodity Index is still 721%。From the perspective of commodity variety structure, the differentiation of various varieties is particularly obvious, and the international market energy has become the biggest loser, with more than 20% so far this year, while the domestic South China pig index has fallen by 37%. In terms of growth, the international market has risen by more than 10%, while the domestic soda ash has risen by 53%.
Steel: As of the week of December 14, the output and table need to change from increase to decrease, the factory warehouse increased for the third consecutive week, and the social warehouse changed from a decrease to an increase. Thread output 256860,000 tons, a decrease of 4 from last week260,000 tons, a decrease of 163%;Thread factory warehouse 178190,000 tons, an increase of 4 from last week590,000 tons, an increase of 264%;Thread Sheku 357630,000 tons, an increase of 040,000 tons, an increase of 011%;The thread table needs to be 251870,000 tons, a decrease of 7 from last week010,000 tons, a decrease of 271%。(mysteel)
According to the steel valley *** national building materials: 529000000 tons, a decrease of 2 from last week300,000 tons, down 043%;Factory Treasury 340540,000 tons, an increase of 6 from last week480,000 tons, up 194%;Production 386590,000 tons, a decrease of 17 from last week290,000 tons, down 428%。(Steel Valley Net).
Coke: According to SMM, due to the impact of weather on transportation, the inventory of coke enterprises has risen in a short time, while the coke inventory of steel enterprises has declined due to the short-term obstruction of transportation, and there has been a certain degree of inventory mismatch. On the whole, the production of coke enterprises is still limited, coke output is still low, and the recent rain and snow weather has affected logistics and transportation, downstream steel mills have a good demand for coke, and the coke supply and demand pattern is tightly balanced, and the short-term coke market may be stable and strong, and the weather will also become an important factor affecting the short-term inventory changes of coke enterprises. (smm)
Pigs: From December 4 to 10, 2023, the average purchase of live pigs by designated pig slaughtering enterprises above designated size nationwide is 1566 yuan kg, down 18%, down 328%;The average ex-factory quality of white strip meat is 2063 yuan kg, down 15%, down 319%。(Ministry of Agriculture and Rural Affairs).
Apples: Shanxi production areas are affected by snowfall, and the goods in the production area are blocked, and the transaction is not fast. At present, Shaanxi and Gansu production areas in the warehouse trading to maintain normal, as Christmas day approaches, the demand for merchants to stock up has not been significantly released, the origin of goods is still not fast, and the purchase and sale of Shandong production area in the warehouse is basically carried out, the transaction of fruit and agricultural goods is general, and the merchant packaging from the inventory source market is still the mainstay. (Zhongguo.com).
Palm oil: Domestic palm oil inventories fell slightly last week, but remained at a historical high. On December 8, the inventory of edible palm oil in coastal areas was 840,000 tons (plus 920,000 tons of industrial palm), a decrease of 20,000 tons week-on-week, a month-on-month decrease of 50,000 tons, and a year-on-year increase of 40,000 tons. Among them, 90,000 tons in Tianjin, 320,000 tons in Zhangjiagang, Jiangsu, and 270,000 tons in Guangdong. Due to the narrowing of the inversion of international palm oil imports last week, domestic ship purchases increased. Considering the seasonal decline in consumption, domestic palm oil inventories are expected to remain high in the near future. (National Cereals and Oils Information Center).
Lithium carbonate: In response to yesterday's rumors in the market about the low pass rate of lithium carbonate ** quality inspection, the relevant person in charge of the Guangfu Institute replied to the reporter that the relevant information was not true. Up to now, Lanke Lithium has not declared delivery, and there are no Lanke Lithium products in the goods declared for delivery. The so-called lithium carbonate in the warehouse is only 30% qualified, which is seriously inconsistent with the facts. (*
*: The latest U.S. core PPI growth rate in November slowed to 2% year-on-year more than expected, hitting a new low in nearly three years, combined with the Fed's hint of ** pivot, the positive news to boost the trend of gold prices is being released in a concentrated manner. According to Goldman Sachs, the Fed will cut interest rates by 25 basis points three times in a row in March, May and June next year. In the future, it may continue to stimulate the market's expectations for the trend of gold prices. (Finance Associated Press).
Copper: spot inventory of electrolytic copper in the domestic market is 6830,000 tons, an increase of 0930,000 tons, an increase of 0100,000 tons. The increase and decrease of inventory in various regions of the country are different, of which the Shanghai market has decreased slightly, but the market has imported more copper during the week, and some warehouses still have spot days without warehousing, and the inventory may still have a small increase, and the base range is limited. (My Steel Net).
Soda ash: As of December 14, the total inventory of domestic soda ash manufacturers this week was 34100,000 tons, down 2600,000 tons, down 708%。Among them, 21 are lightweight stocks160,000 tons, heavy inventory 12940,000 tons. This week, soda ash fell for the fifth consecutive week, increasing by 18 year-on-year86%, the current soda ash manufacturers' inventory returned to the historical low range. (Longzhong Information).
Glass: Recently, due to the improvement of the enthusiasm of the middle and lower reaches of the delivery and the market demand has been supported to a certain extent, float glass has been actively picked up or difficult to continue to be good, and the upward space of float glass may be limited, accompanied by the decline in the production and sales of float plants, and the possibility of downward adjustment is not ruled out. (Zhuochuang Information).
Urea: Today's domestic urea ** is mainly stable, and the local narrow range is finished. At present, the downstream follow-up is general, and the mainstream ** is about 2400-2440 yuan tons. (Nong Shi Da Intelligence).