From January 1, 2024, China will adjust the import and export tariffs of some commoditiesA new round of deposit interest rate cuts is about to land, 200,000 yuan will be deposited for three years, and the interest will be 1,800 yuan less The Red Sea route will be interrupted for at least 90 days!The freight industry warns that goods may go crazy after New Year's DayCentral Bank: December 18, Chinese peopleBanksPan Gongsheng, Secretary of the Party Committee and President of the Bank, presided over a symposium of experts on the economic and financial situation, study the current economic and financial situation, and listen to relevant opinions and suggestions. Li Yang, Zhang Xiaohui, Wang Xiaolu, Bai Chongen, Guan Tao, Peng Wensheng and other experts made speeches. Everyone believes that since the beginning of this year, a series of policy measures to expand domestic demand, boost confidence, and prevent and control risks have been introduced one after another, and the policy effect has gradually emerged, the financial support for the real economy has been stable, and the overall economic recovery has improved. The experts at the meeting put forward their opinions and suggestions on how to solve problems in economic and financial operations, prevent and resolve potential risks, balance internal and external balances, and strengthen macroeconomic policy coordination. China Real Estate News:The National Conference on Housing and Urban-Rural Development was held in Beijing, and Ni Hong, Minister of Housing and Urban-Rural Development, stressed at the meeting: adhere to the principle of seeking progress while maintaining stability, promoting stability with progress, establishing first and then breaking down, and do a good job in four major sectors and 18 aspects of work next year. Implement policies according to the city, one city and one policy, and achieve a balance between real estate supply and demand；Further intensify the implementation of the first housing and second housing policies;Implement territorial responsibilities for the delivery of buildings, strengthen the supervision of pre-sale funds, and accelerate the reform of the pre-sale systemTo meet the reasonable financing needs of real estate enterprises under different ownership systems without discrimination, the Ministry of Housing and Urban-Rural Development will work with the State Administration of Financial Supervision to guide real estate financingActively promote urban renewal actions, and do a good job in problem-oriented and goal-oriented work.
Gongxin micro-newspaperThe National Conference on Industry and Information Technology was held in Beijing. The meeting emphasized that in 2024, it is necessary to do a good job in the implementation of the steady growth policy, thoroughly implement the work plan for the steady growth of the ten major industries, support the major industrial provinces to continue to "take the lead", and do a good job in economic publicity, policy interpretation and guidance. Deepen the "three products" action of raw materials and consumer goods, and boost bulk consumption such as new energy vehicles and electronic products. Deepen the cooperation between industry and finance, and do a good job in the service guarantee of key foreign-funded projects in the manufacturing industry. Maintain the steady growth of the tobacco industry. Black**
Iron ore:According to data from Australia's Pilbara Port Authority (PPA).Port Hedland's iron ore exports fell to 4,494 in November060,000 tons, 4689 in October160,000 tons. The Port of Hedland exported 3,798 to China in November280,000 tons of iron ore, 3,966 in October370,000 tons;AustraliaDampier Port exported 1,232 iron ore in November40,000 tons, 1245 in October520,000 tons. (Xinhua Finance).
As of December 21,The average daily output of molten iron in 213 steel mills in the country is 250530,000 tons, a slight decrease of 0220,000 tons;The operating rate of the blast furnace is 8168%, a decrease of 056%；The capacity utilization rate of the blast furnace is 8577%, a decrease of 008%。(Steel Valley Net).
Hot Roll:The total inventory of hot-rolled coils this week was 317330,000 tons, -7 compared with last week340,000 tonsMonth-on-month - 226%, +15 year-on-year81%。This week, the total inventory of HRC still maintained the rhythm of warehouse reduction, the trend of decentralization was good, the decline in social inventory expanded slightly, and the factory warehouse stopped declining and increased. （smm）
Rebar:For the week ended Dec. 21, the table was required to decrease for the second consecutive weekThe warehouse increased for the fourth consecutive week, the social treasury increased for the second consecutive week, and the output turned from a decline to an increase. Thread output 261500,000 tons, an increase of 4 from last week640,000 tons;Thread factory warehouse 192870,000 tons, an increase of 14680,000 tons;Thread Sheku 366460,000 tons, an increase of 8 from last week830,000 tons;The thread table needs to be 237990,000 tons, a decrease of 13880,000 tons. （mysteel）
According to the latest data from the World Steel AssociationGlobal crude steel production in November 2023 was 145.5 billion tons, an increase of 3 percent year-on-year3%。Among them, China's crude steel output in November was 76.1 million tons, an increase of 04%；India's crude steel output in November was 11.7 million tons, an increase of 11 percent year-on-year7%。(Xinhua Finance).
Tangshan billet steel mill received a notice that it began to stop and limit production at 0:00 on December 23The production curtailment is expected to last until January 4. According to the data, on December 20, the operating rate of 35 billet steel mills in Tangshan was 383%, it is expected that the operating rate of this production restriction will drop to about 15%, and the daily output will be affected by about 30,000 tons. （mysteel）
Coal:The reporter learned from the Propaganda Department of the Jixi Municipal Party Committee that at 15:50 on December 20,An inclined shaft sports car accident occurred in Kunyuan Coal Mine, Hengshan District, Jixi City。The reporter at the scene of the many understanding, the accident caused many deaths, 13 injuries, the wounded have all been sent to the hospital for treatment, at present, the accident aftermath work is being carried out in an orderly manner, after the accident immediately set up an investigation team, the cause of the accident is still under investigation. (CCTV News).
This week, MySteel Coal & Coke Division surveyed the profitability of 30 independent coking plants across the countryThe national average profit per ton of coke is 42 yuan；The average profit of Shanxi quasi-first-class coke is 27 yuan ton, the average profit of Shandong quasi-first-class coke is 66 yuan ton, the average profit of Inner Mongolia second-class coke is -8 yuan ton, and the average profit of Hebei quasi-first-class coke is 86 yuan ton. (mysteel) agricultural products**Hogs:Huachu.com released on December 25, 2023**Reserve frozen pork rotation auction transactionNotice of relevant matters: 230,000 tons. (Finance Associated Press).
Agricultural Products:The National Conference of Directors of Agriculture and Rural Affairs was held in Beijing on December 20. The meeting emphasized that it is necessary to focus on the key points and pay close attention to the implementation, and do a solid and effective job in agriculture and rural work in 2024. We will not slacken our efforts to do a good job in grain and oil production, stabilize rations, corn, and soybeans, continue to expand the area of rapeseed, and earnestly increase the yield of major crops such as grain and oil in a large areaContinue to promote the production of soybean oilseeds。Stabilize the supply of "vegetable basket" productsOptimize the pig production capacity control mechanism, focus on promoting the balance between production and demand in the dairy industry, promote the balance of vegetables and fruits, accelerate the development of deep-sea aquaculture, and strengthen the supervision of the quality and safety of agricultural products. (Ministry of Agriculture and Rural Affairs).
Palm Oil:According to the Malaysian Palm Oil Board MPOB news,Malaysia's export duty on crude palm oil remains at 8% in January 2024, but the reference price for January 2024 will be increased from 3589 in December 202309 ringgit tonnes raised to 3,67950 MYR tons. (Xinhua Finance).
Soybeans:According to the 20th local time in Brazil, about 10,000 farmers in the city of San Esteoun in the state of Bahia in northeastern Brazil have suffered losses due to drought recently. Local farmers saidThe region is suffering from the worst drought in 40 years, with crops such as corn and soybeans severely reduced, some animals died due to lack of drinking water and food. (CCTV News).
ColoredLithium carbonate:According to data from Australia's Pilbara Port Authority (PPA)., the Port of Hedland exported 93,153 tons of spodumene concentrate in November, 136192 tonnes in October. The Port of Hedland exported 93,153 tonnes of spodumene concentrate to China in November, compared with 136192 tonnes in October. (Xinhua Finance).
Shanghai lead:The International Lead and Zinc Study Group (ILZSG) released data showing thatIn October, there was a shortage of 13,800 tonnes of lead in the global lead market**, in September was the ** shortage of 16,100 tons. In the first 10 months of this year, there was a surplus of 40,000 tons in the global lead market, compared with a shortage of 213,000 tons in the same period last year. (Xinhua Finance).
Shanghai Zinc:The International Lead and Zinc Study Group (ILZSG) released data showing thatIn October, there was a shortage of 52,500 tonnes in the global zinc market**, in September was the ** shortage of 62,000 tons. In the first 10 months of this year, there was a surplus of 295,000 tons in the global zinc market, compared with a shortage of 33,000 tons in the same period last year. (Xinhua Finance).
Shanghai Copper:On December 21, the copper spot inventory in the bonded areas of Shanghai and Guangdong accumulated 0960,000 tons, compared with the 14thDrop 020,000 tons, down 0 from the 18th190,000 tons. During the week, the supply of goods arriving at the port was small, and the warehouses in the bonded area were less in and out of the warehouse, and the inventory continued to decline. （mysteel）
Energizing**
According to Angolan news agency,Angola said it would withdraw from OPEC。(Finance Associated Press).
Urea:As of the week of December 21, the weekly operating rate of domestic urea enterprises was 7527%, down 518%；Business inventories are 5780,000 tons, an increase of 3530,000 tons。During the period, 10 new enterprises parked, most of which were gas head enterprises;2 parking companies recovered, and the capacity utilization rate decreased significantly. (Longzhong Information).
Glass:This week, the daily weighted average production and sales rate of glass sample enterprises continued to decline, and the industry turned into a state of accumulation, as of December 21The total inventory of float glass sample enterprises in China is 323530,000 heavy containers, an increase of 6810,000 heavy boxes or 215%, down 51. year-on-year89%, the number of days of discount inventory increased by 01 day to 133 days. (Longzhong Information).
Soda ash:As of December 21,This week, the total inventory of domestic soda ash manufacturers is 35390,000 tons, an increase of 1290,000 tons, an increase of 378%。Among them, 21 are lightweight stocks710,000 tons, heavy inventory 13680,000 tons;This week, soda ash inventories stopped declining and increased, increasing by 23 year-on-year14%, the soda ash inventory increased slightly during the week, but the overall inventory is still at a record low. (Longzhong Information).
Ethylene glycol:As of December 21,The total inventory of MEG ports in the main port area of East China is 109970,000 tons, a decrease of 1 from the previous statistical period550,000 tons, a decrease of 139%。During the week, the arrival volume of the main port decreased and the port closure period was long under the influence of weather, and the inventory continued to deplete this week. (Longzhong Information).
Polypropylene:From January 1, 2024, according to the changes in domestic industrial development and supply and demand, within the scope of China's commitment to join the world's leading organizationImport tariffs on some commodities such as ethylene, propylene, and liquid crystal glass substrates below 6 generations will be raised. (Ministry of Finance).
Fuel Oil:For the week ended Dec. 20,Singapore's fuel inventories fell by 10150,000 barrels, to 2055A two-week low of 20,000 barrels。Singapore's middle distillate inventories fell 560,000 barrels to 808A four-month low of 10,000 barrels. Singapore's light distillate inventories rose by 1.8 million barrels to a five-week high of 13.3 million barrels. (Xinhua Finance).
Other**
European Line Consolidation:The relevant person in charge of the Shanghai Futures Exchange saidWe will continue to track and analyze the market operation situation of the varieties, do a good job in monitoring, position monitoring, and behavior supervision, increase the supervision of accounts that are not truthfully declared, prevent the impact of illegal transactions on the first level, strictly investigate the clues of violations of laws and regulations that undermine the formation mechanism and infringe on the legitimate rights and interests of all parties, severely crack down on violations of laws and regulations in accordance with the law, and maintain the stable operation of the market. (Blue Whale Finance).
(Finance Associated Press).South Korea's financial regulator has recommended fines of at least 10 billion won ($7.67 million) each for HSBC Holdings and BNP Paribas. According to reportsHSBC Holdings and BNP Paribas have been accused of illegal naked short selling。The proposed penalty was made by the Financial Services Commission (FSS) of South Korea's Financial Services Commission (FSC), according to people familiar with the matter, who requested anonymity. The FSC is a leading institution with statutory powers for financial policy and regulatory oversight. Japan Institute of Real Estate Economics:In November, the number of newly built residential units listed in the Tokyo area was 2,743 units, a decrease of 4% year-on-year3%。The average ** in the Tokyo area is 82.5 million yen (about 412 yuan).40,000 yuan), a year-on-year increase of **367%, a record high in a single month。Looking at the contract rate, which shows the percentage of consumers who buy money, the Tokyo metropolitan area as a whole is 742%, which is 70% higher than the standard for strong sales again in 4 months.
Article**: Oriental Wealth Research Center).