Ministry of Finance:We are disappointed by Moody's decision to downgrade the outlook for China's sovereign credit rating. Since the beginning of this year, in the face of the complex and severe international situation, in the context of the unstable momentum of global economic recovery and the weakening momentum, China's macro economy has continued to recover and improve, and high-quality development has been steadily promoted, especially since the third quarter, positive changes have further increased, endogenous momentum has been continuously enhanced, and new drivers of economic growth have continued to play a positive role. The International Monetary Organization expects China to contribute more than 30% to global economic growth this year. Finance Associated Press:Bank of China and Postal Savings Bank recently revealed that recently, banks and real estate companies have conducted one-on-one visits or discussions, so far, the six major banks have recently communicated with real estate companies on demand, through strengthening the docking of banks and enterprises, to help build a new model of real estate development, and promote the steady and healthy development of the real estate market. Interface News:On December 5, the state announced that since 24 o'clock, domestic gasoline and diesel have been reduced by 55 yuan tons and 50 yuan tons respectively. Equivalent to the price increase, No. 92 gasoline and No. 0 diesel were reduced by 004 yuan, No. 95 gasoline lowered by 005 yuan. Steel:On December 5, the total scrap inventory of 300 parents and short-process representative steel mills across the country was 59514 tons, an increase of 1 from yesterday940,000 tons, an increase of 033%；Inventory turnover days 102 days, the same as yesterday;The total daily consumption is 56360,000 tons, an increase of 002%；The total number of daily arrivals is 58290,000 tons, down 042%。
On December 5, Mysteel counted that the average cost of 40 independent electric arc furnace construction steel mills was 3,955 yuan, which was flat on a daily basis. The average profit was 52 yuan ton, and the profit of valley power was 151 yuan, down 5 yuan ton from day to day. （mysteel）
Iron ore:The total turnover of iron ore in the main port of the country is 11070,000 tons, 110%；This week's average daily turnover was 11750,000 tons, 177%；The average daily turnover for the month was 10660,000 tons, 20 percent month-on-month0%。Forward spot: The cumulative transaction volume of forward spot is 24970,000 tons (17 transactions), month-on-month **2871% (of which the mine turnover is 185.)70,000 tons);This week's average daily turnover was 15710,000 tons, month-on-month **626%；The average daily turnover of the month was 12570,000 tons, 650%。（mysteel）
Vale expects iron ore production of $3 this year1.5 billion tons, and iron ore production will reach 3100 million to 3200 million tons. Finance Associated Press:Coal:The National Coal Trade Fair was held, upstream and downstream enterprises were actively negotiating, the pallets in the transportation market continued to be released, the foreign trade market was higher, the market was expected to improve, and the coastal coal freight rate was rising. (Shanghai Shipping Exchange).
Shanghai Nickel:Vale expects nickel production of 160,000 to 17 million in 202450,000 tons, nickel production is expected to be 210,000 tons to 230,000 tons in 2026, and copper production is expected to be 31 tons this year50,000 to 3250,000 tonnes, with an estimated copper output of 320,000 to 350,000 in 202450,000 tons. Copper production is expected to be 3750,000 to 410,000 tons. Finance Associated Press:
Urea:Yangmei Chemical announced on December 5 that the company's holding subsidiary, Yangmei Pingyuan Chemical, received a notice from the people of Pingyuan County on December 1, 2023, requiring Pingyuan Chemical to shut down and eliminate the 42 fixed-bed gasifiers currently in operation before December 31, 2023, and the company's urea production capacity will be reduced by 1 million tons after the device is shut down. Interface News:Shanghai lead:According to Mysteel's latest research, the production loss of domestic recycled lead enterprises is generally 650-750 yuan tons, and the loss of some enterprises with high raw material procurement is as high as 800-1000 yuan tons. （mysteel）Cotton:On December 5, the arrival price of U.S. cotton M1-1 8 was 157 yuan ton, reported at 15,798 yuan ton;The average price of domestic 3128B lint was 9 yuan ton, reported at 16183 yuan ton;The price difference between domestic and foreign cotton widened by 166 yuan to 385 yuan. （mysteel）
22:45 US Markit Services PMI Final (Nov)23:00 US November ISM non-manufacturingpmi
Article**: Oriental Wealth Research Center).