December 15th,Ferrous metal plates, Iron ore **239%, ferrosilicon**138%;*Plate, LPG**125%;Double coke fell sharply, coking coal and coke** both exceeded 2%.
Non-ferrous metals, Huxi**12%。
Chemical sector, glass, soda ash ** more than 3%, urea ** 138%。
Agricultural products, canola oil, soybean oil, palm oil, rapeseed meal, corn** more than 1%.
International**: COMEX December*** settlement price closed down 086% at $2032 ounce.
International**: WTI September*** settlement price closed up 02% at 71$79 barrel;Brent closed up 034% at 77$13 barrel.
International agricultural products: The main contract of agricultural products on the Chicago Exchange (CBOT) was mixed, and soybeans fell 058% at 1323 cents bushels;Corn ** fell 026% at 479 cents bushels, wheat ** up 07% at 615 cents bushel.
International metals: Most of the base metals in London closed higher, and LME copper fell 007% at $8,525 tons, LME zinc rose 195% was reported at $2,531 tons, and LME nickel rose 041% at $17,090 tons, LME aluminum rose 14% at $2241 ton, LME tin fell 059% at $25,250 tons, LME lead rose 031% at $2,075 tonnes.
The strong cold wave continued to affect many places in China, and most areas suffered the coldest weekend in the second half of this year, and the minimum temperature in some areas was close to or reached the extreme value of the same period in history. On December 17, the temperature in 23 provincial capital-level cities in China hit a new low after winter. From December 18th to 20th, a new wave of strong cold air will affect the central and eastern regions from north to south, and the temperature in most parts of central and eastern China will continue to be low in the coming week.
The Paper:On December 16, the board of directors of Oriental Selection has resolved to remove Sun Dongxu from his position as chief executive officer and remove him as an executive director of the company. As of 12 o'clock on December 17, the number of Dong Yuhui's fans is still soaring**, reaching 20.49 million, and at 10:30 on December 16 the day before, the number of his fans was 169660,000, a big increase of more than 3.52 million fans in one day.
National Health Commission: Wearing a mask is an effective protective measure against the currently circulating respiratory infectious disease pathogens. It is recommended that the cumulative use time of a single mask should not exceed 8 hours, and the use time of masks for occupationally exposed personnel should not exceed 4 hoursWhen going to the hospital for treatment, accompanying patients, and accompanying people, after close contact with people with respiratory symptoms, they should change their masks in timeMasks should be replaced immediately if they are contaminated with respiratory or nasal secretions, or other body fluidsMasks that have exceeded their expiration date should be replaced in a timely manner.
CDC:Coronavirus variant jn1, is ba2.A subclade of 86. After entering November, BA2.86 variants, specifically JNThe growth rate of the global proportion of subclade 1 has accelerated significantly, and it has become one of the dominant epidemic strains in some countries. The monitoring results of China's new coronavirus variant show that the first case of BA has been reported since August 312.Since the importation of 86 variants, a total of BA2.There were 160 sequences of 86 and its subclades, and no severe or critical cases were found. At present, the public health risk of this variant in China is low.
Yu Yongding, Chinese Academy of Social Sciences:The U.S. Treasuries-to-GDP ratio will continue to climb, which means that U.S. net overseas debt will continue to deteriorate over time. Given the low coupon rate on U.S. Treasuries, and given the consequences of the sharp expansion of U.S. net overseas debt, an orderly Chinese ** U.S. Treasury is necessary. Now we may be facing the crisis of the pre-2008 era again. It is not unfounded that the three major international credit rating agencies have downgraded the US sovereign credit rating one after another.
Xu Xiaoqing of Dunhe Asset Management: The per capita living space of Chinese is still very low, especially in coastal areas, which is lower than the national average, and China's urbanization rate has room for improvement compared with other economies. In addition, the time required for two people to pay for a house has dropped to 8 years, and the ratio of annual residential sales to the annual after-tax income of the national population has dropped to 24%, both close to the lowest point in history.
Rebar: He Wenbo, executive chairman of the China Iron and Steel Association, said in Shanghai on the 16th that the total consumption of steel has reached its peak, and the decline in total volume is an inevitable trend. Although the demand for steel for real estate has declined, the demand for steel in industries such as automobiles, shipbuilding, and home appliances has increased, making up for the lack of total volume. (*
Coal: China Coal Industry Association released: Since November, China's macro economy has shown a positive trend, domestic heating coal consumption has entered the peak season, and coal demand has grown rapidly. Domestic coal ** is relatively sufficient, and the market supply and demand are generally balanced. The data shows that in November, the production of raw coal 4100 million tons, a year-on-year increase of 46%, the growth rate was 08 percentage points, with an average daily output of 137990,000 tons. From January to November, 42 raw coal was produced400 million tons, a year-on-year increase of 29%。In terms of coal storage, at the end of November, the coal storage of thermal power plants nationwide exceeded 200 million tons, an increase of about 6 million tons from the end of October and a year-on-year increase of about 28 million tons, and the coal storage was available for about 33 days. (*Times E Company).
According to SMM, heavy snow in Shanxi, Shaanxi and other regions this week blocked the shipment of most coke enterprises, and the inventory has accumulated significantly. The follow-up rigid demand for coke from downstream steel mills still exists, but there will still be rain and snow in the north next week, and road transportation will be difficult to fully recover, and coke ** may continue to increase, so the coke inventory of coke enterprises may continue to accumulate next week. (*
According to the 2023 coal market report released by the International Energy Agency on the 15th, global coal demand will show a downward trend in the next few years after reaching a record high this year. This is the first time in the report that global coal demand has fallen. (Xinhuanet).
White sugar: India has allowed sugar mills to use 1.7 million tonnes of sugar for ethanol production, India said on Friday. It added that even if sucrose is converted to ethanol production, the existing sugar will still be sufficient to meet local demand. (Finance Associated Press).
Pigs: A document from the Sichuan Animal Husbandry Association entitled "Report and Suggestions on the Occurrence of the Recent African Swine Fever Outbreak" (Sichuan Animal Husbandry Association [2023] No. 10) circulated in the breeding herd, triggering discussions in the industry. "The document is real and has been submitted to the Sichuan Provincial Department of Agriculture and Rural Affairs, but now the Department of Agriculture and Rural Affairs is studying and judging and has not yet been approved. Sichuan Provincial Animal Husbandry Association told reporters. (Finance Associated Press).
According to incomplete statistics from the Beijing News shell financial reporter, as of December 15, a total of 16 listed pig companies in A-share released a live pig sales briefing in November this year. Among them, Muyuan shares have the highest sales volume and sales revenue. The average sales price of live pigs in November this year was between 13 yuan kg and 17 yuan kg, which generally reflected a month-on-month decline. (The Beijing News).
Soybeans: The Brazilian state of Mato Grosso expects 100% soybean plantings as of Dec. 15, compared to 99 percent last week, according to the Mato Grosso State Institute of Agricultural Economics (IMEA).96%, compared to 100% in the same period last year and 100% in the five-year average. (Xinhua Finance).
Soybean Oil: Oilseed Processors Association of America (NOPA): U.S. Soybean Oil Stocks in Nov at 121.4 billion pounds, the consensus is 113.8 billion pounds, compared to 109.9 billion pounds, compared to 16300 million pounds;The soybean crush in November was 1890.4 billion bushels, the market expectation is 1859.8 billion bushels, compared to 18,977.4 billion bushels, compared to 17,918.4 billion bushels. (Xinhua Finance).
In the week ended Dec. 15, 111 oil mills actually crushed 171 soybeans750,000 tons, with an operating rate of 58%. (mysteel)
Shanghai copper: For copper prices, the reporter learned that on the one hand, there is uncertainty about the prospects of copper on a global scale. South America is the world's largest copper mining base, and Chile and Peru, two major copper-producing countries, are facing bottlenecks in increasing production. On the other hand, the end of the Fed's interest rate hike cycle accelerated the dollar**, boosting copper prices to recover. (China ** Daily).
Nonferrous metals: Citi said that it is tactically bullish on base metals, and the UK's sanctions on Russian metals could lead to a large inflow of Russian funds and cause *** on the London Metal Exchange, which could eventually lead to the delisting of Russian metals on the London Metal Exchange. (*
Lithium carbonate: Shell financial reporters paid attention to the fact that industry opinions tend to believe that lithium carbonate is currently in a low position, but it is expected to remain weak after this due to insufficient demand. (The Beijing News).
*: Russia will reduce oil export tariffs to zero from January 1 next year. (CBN).
The average price of Brent in 2024 by the five major U.S. banks is about $85 per barrel, with Citi having the lowest price at $75 per barrel and Goldman Sachs giving the highest price at $92 per barrel. (Finance Associated Press).
At 24 o'clock on December 19, domestic refined oil prices will usher in the 25th round of adjustment this year, which will also be the last oil price adjustment in 2023. According to the recent international oil price performance and monitoring data, this round of oil prices is likely to be lowered. (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 firm. 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).
Methanol: Taking the methanol industry, where the current profitability has reached a low point in recent years, as an example, the total production capacity of the industry's long-term shutdown device has been continuously moving upwards due to the impact of the downturn in corporate efficiency. In recent years, under the guidance of local policies, fixed-bed process devices with low coal conversion rate, long process flow and high power consumption are being phased out at an accelerated pace. (*Times.com).
European Line Container Transportation: Recently, due to the attack on Yemen's Houthi rebels when a number of ships were in the Red Sea waters, four international shipping companies have successively announced the suspension of navigation in the Red Sea. (CCTV News).
National Business Daily:The offshore renminbi soared, rising 2,000 points in more than a month. On December 15, the onshore and offshore RMB exchange rate against the US dollar strengthened for a time, and the offshore RMB exchange rate against the US dollar rose above 7 for the first time in half a year10, the highest rise of more than 200 points in the day, the highest report of 70975。Then it fell back nearly 400 points, and it still rose by more than 500 points for the week. In terms of the extended cycle, at the beginning of November this year, the offshore yuan was quoted at 7 against the US dollar3415, since then the RMB has continued to appreciate, as of December 15, the offshore RMB against the US dollar has risen by more than 2,000 points, with a cumulative appreciation of more than 28%。
(Finance Associated Press).Atlanta Fed President Bostic said that if inflation falls as expected, two 25 basis point rate cuts are expected in 2024, with the first coming "sometime" in the third quarter. Bostic said in an interview that he expects PCE inflation to reach 2. by the end of 20244%, which is enough for the Fed to cut interest rates twice in the second half of next year.
(CCTV News).Recently, due to the attack on a number of ships in the Red Sea waters by Yemen's Houthi rebels, four international shipping companies have announced the suspension of navigation in the Red Sea. Since the outbreak of the new round of Palestinian-Israeli conflict, the Houthis have frequently launched missile and drone attacks on Israel on the grounds of "supporting Palestine", and the tension in the Red Sea waters means that the risk of spillover from the Palestinian-Israeli conflict has intensified, which has affected international shipping.
Reference message:Russian Foreign Minister Sergei Lavrov said he had been approached by a number of Western leaders about potential talks to end the Russia-Ukraine conflict. As long as Moscow's core interests are respected, the Kremlin is open to dialogue. Some Western powers are increasingly interested in a negotiated solution, but he refuses to name any country.