Economic Observer:The central bank has approved a total of 100 billion yuan of housing rental group housing loans, supporting the purchase of commercial housing for long-term rental housing in eight pilot cities. The eight pilot cities are Tianjin, Chengdu, Qingdao, Chongqing, Fuzhou, Changchun, Zhengzhou and Jinan.
Finance Associated Press:On the afternoon of January 10, local time, the United Nations Security Council voted on a draft resolution on the situation in the Red Sea jointly drafted by the United States and Japan after consultations. In the voting, there were 11 votes in favour, with 4 abstentions, with a majority of votes in favor, and the resolution was adopted. The resolution "condemns at least 20 more attacks on merchant ships by the Houthis since November 19, 2023" and calls for an immediate halt.
21 Finance:On January 11, 2024, Zhejiang held a provincial housing and urban-rural construction work conference, and the reporter learned from the meeting site that Zhejiang will improve the urban housing system in 2024, build a new model of real estate development, promote the reform of the housing security system, and prevent and resolve real estate risks.
Black**
Iron ore:As of January 11, the total inventory of imported sintered powder of 114 steel mills of new caliber was 2688810,000 tons, an increase of 147 from the previous period380,000 tons; The total daily consumption of sintered powder is 110660,000 tons, an increase of 2370,000 tons; After excluding the long-term suspension sample, the cost of molten iron excluding tax was 3,010 yuan ton, an increase of 6 yuan ton. （mysteel）
Rebar:According to the news of the steel mill, South China B steel mill in the original December 20 part of the maintenance affected the output of about 150,000 tons of 200 series, now plans to stop the power of the whole plant around the 20th of this month, is expected to affect the output of about 50,000 tons of 200 series. （smm）
Coking coal:On January 11, the coking coal in Handan market was 100 yuan tons, the main coking coal was 2,220 yuan tons, and the fat coal was 2,355 yuan, all of which were ex-factory prices including tax. （mysteel）
Agricultural productsPalm Oil:The Malaysian Palm Oil Board (MPOB) expects crude palm oil production to reach 18.75 million tonnes in 2024; Malaysia's palm oil exports are expected to reach 15.6 million tonnes in 2024; Palm oil** is expected to be between RM3,900 and RM4,200 in 2024. According to data released by the shipping survey agency SGS, Malaysia's palm oil exports are expected to be 261555 tons from January 1 to 10, a decrease of 39 tons from the 429593 tons exported in the same period last month12%。(Xinhua Finance).
Corn:China Grain Reserves Group Corporation issued an announcement saying that in accordance with the work arrangements of relevant departments, China Grain Reserves Group Corporation and its affiliated related enterprises will increase the scale of domestic corn collection and storage in 2023 in the main corn producing areas such as Northeast China in the near future. (*Times.com).Soybeans:On January 11, the cost price of U.S. soybean imports was 4,461 yuan, down 41 yuan from the previous day, falling below a two-year low. The import cost price of Brazilian soybeans was 4,043 yuan, down 58 yuan from the previous day. The cost price of Argentine soybean imports was 4,251 yuan, down 33 yuan from the previous day. (China Grain and Oil Business Network).
ColoredAlumina:Jiaozuo City launched an orange alert for heavy pollution on January 10, and a local alumina plant stopped the production of two roasters, reducing daily output by 3,500 tons; Luoyang City plans to launch an orange alert for heavy pollution on January 11, and a local alumina plant will stop production of a roaster, reducing daily output by about 1,200 tons. （smm）
Copper:Chile** expects the country to produce 5.64 million tonnes of copper in 2024, up 5 percent year-on-year7%。Finance Associated Press:
Shanghai Aluminum:In December 2023, the domestic aluminum rod production capacity reached 7.22 million tons. In December, the total output of aluminum rods in the country was 3820,000 tons, an increase of 010,000 tons, an increase of 026%。The operating rate of aluminum rods in China in December was 635% compared to 63 in November3%, an increase of 02%。（smm）
Energizing**
Pulp:As of January 11, the sample inventory of China's mainstream pulp ports was 17490,000 tons, 5 compared with the previous period70,000 tons, an increase of 34%, the inventory in the last cycle showed a trend of destocking and then turning into accumulation in this cycle. (Longzhong Information).
Asphalt:As of the week of January 10, the weekly shipments of 54 sample enterprises and manufacturers of domestic asphalt totaled 3910,000 tons, an increase of 070,000 tons or 18%；According to the current raw material **, the weekly average comprehensive profit of asphalt production is -5694 yuan tons, a decrease of 149 from the previous month8 yuan ton; The capacity utilization rate of asphalt refineries in China is 310%, an increase of 16%；The weekly production of asphalt is 5360,000 tons, an increase of 49%。(Longzhong Information).
Urea:Urea in Shandong has declined sharply, with mainstream ex-factory transactions around 2200-2290 yuan, first-hand merchant shipments in Linyi market around 2260-2270 yuan, and Heze market around 2260 yuan. In terms of installation, the production of individual enterprises is unstable. (Longzhong Information).
21:30 USDA net export sales report.
21:30 U.S. non-seasonally adjusted CPI y/y in December, seasonally adjusted CPI m/m in December 21:30 U.S. initial jobless claims for the week to January 6.
23:30 EIA natural gas inventories in the United States for the week to January 5 (Article**: Oriental Wealth Research Center).