The Paper:Compared with the tourism boom and the box office of Spring Festival movies, the transaction of the new housing market during the Spring Festival holiday is relatively flat. According to the monitoring data of third-party research institutions, during the Spring Festival holiday, the average daily transaction area of new houses in key monitoring cities decreased by 27% compared with the previous year. However, unlike the performance of the new housing market, agency data shows that the transaction volume of the second-hand housing market in key cities during the Spring Festival this year is still significantly higher than last year.
Finance Associated Press:The reporter found that the mainstream view of market institutions judged that the LPR in February may be independent of the flat MLF interest rate trend, and there was a downward adjustment: Zhang Xu, chief of Everbright ** Fixed Income, believes that since August last year, the LPR has not changed. It is expected that the LPR formed on February 20 is more likely to decline slightly, and the LPR above 5Y has more room to decline than the 1Y LPR; Wang Qing, chief macro officer of Oriental Jincheng, further believes that it is expected that the 1-year and 5-year LPR** will be lowered by 5 basis points respectively. Country***Since the adjustment of domestic refined oil products on January 31, 2024, the oil price in the international market has been running, and according to the current domestic refined oil ** mechanism, the average ** of the first 10 working days of February 19 is less than 50 yuan per ton compared with the average of the first 10 working days of January 31. According to Article 7 of the "Measures for the Administration of Petroleum **", the gasoline and diesel ** will not be adjusted, and the unadjusted amount will be included in the accumulation or offset of the next price adjustment. Black**
Iron ore:From February 12th to February 18th, the total shipment of iron ore in Australia and Brazil was 247620,000 tons, an increase of 419 from the previous month80,000 tons. Australia shipments 172570,000 tons, an increase of 243 from the previous month40,000 tons, of which 1,561 were sent from Australia to China50,000 tons, an increase of 268 from the previous month80,000 tons. Brazil shipments were 75040,000 tons, an increase of 176 from the previous month40,000 tons. The total amount of global iron ore shipments in this period was 304650,000 tons, an increase of 458 from the previous month00,000 tons. (My Steel Net).
From February 12th to February 18th, the total amount of iron ore arrivals in 47 ports in China was 257740,000 tons, a decrease of 118 from the previous month10,000 tons; China's 45 ports of iron ore arrivals totaled 2,52850,000 tons, a decrease of 120,000 tons; The total amount of iron ore arrivals in the six northern ports was 137950,000 tons, an increase of 156 from the previous month90,000 tons. (My Steel Net).
Coal:In the short term, in terms of coking coal, due to the pessimistic expectations of market participants, mainly shipments before and after the Spring Festival, their own coking coal inventories have fallen to a low level, and the orders before the year are still being executed, the sales pressure is small, and the first will still operate steadily. In terms of coke, due to the fact that the terminal downstream construction site has not resumed work for the time being, the finished steel mill inventory has been accumulated, and the profit loss situation of the steel mill has not been significantly improved, there is still a high probability of 1-2 rounds of coke ** in the near future. (Shanghai Nonferrous Metals Network).
During the Spring Festival, 817 production units of the National Energy Group did not stop work and production, and the main production and operation indicators were completed beyond the plan. In the production of coal mines, the safe and orderly production, the daily average of 100 trains of purchased coal was maintained, and the integrated outbound transportation volume hit a new high during the Spring Festival holiday in previous years. The number of available days of coal inventory of power plants in Beijing-Tianjin-Hebei and Northeast Mengdong remained at a high level, and the power generation in Northeast China increased by more than 20% year-on-year. In view of the closure of Huanghua Port and Tianjin Port due to heavy fog for many times, timely adjustment of diversion and diversion of port and stable storage, the monthly market share of coal launched in North Port is 445%。During the Spring Festival, China Energy Group insisted on clean energy supply, and the power generation of new energy increased by nearly 15%. (Interface News) agricultural productsHogs:On February 19, Huachu.com issued the "Notice on Matters Related to the Outbound Bidding Transaction of ** Reserve Frozen Pork Rotation on February 23, 2024", and the outbound bidding transaction was listed 140,000 tons. (National Business Daily).
Cotton:The Ministry of Agriculture and Rural Affairs issued the implementation opinions on the implementation of the Communist Party of China's implementation of the "Thousand Village Demonstration and Ten Thousand Village Renovation" project experience to effectively and effectively promote the deployment of the comprehensive revitalization of the countryside. Coordinate the production of cotton candy gum. Fine-tune cotton. Implement the policy of linking cotton target subsidies with quality. Stabilize the cotton areas in the Yellow River Basin and the Yangtze River Basin. Finance Associated Press:
Soybeans:Consolidate the results of soybean oil expansion. Promote the national soybean and oilseed production capacity improvement project in depth to ensure that the soybean area is stable at 1More than 500 million mu, the oil area has increased steadily. Take multiple measures to stabilize soybeans. Implement policies such as corn and soybean producer subsidies and grain and bean rotation. (Ministry of Agriculture and Rural Affairs).
Sugar:Boost the sugar. Increase subsidies for sugar cane seedlings and machine harvesting, speed up the application of detoxified and healthy seedlings, mechanized harvesting shortcomings, and build a high-yield and high-sugar sugar base for sugar cane. Consolidation of rubber. Implement the action of improving the safety and stability of natural rubber resources, explore and promote the application of intelligent rubber tapping machinery, accelerate the renewal and transformation of old natural rubber rubber gardens, and build special rubber parks. (Ministry of Agriculture and Rural Affairs).
ColoredCopper:On February 19, the domestic market electrolytic copper spot warehouse 26580,000 tons, an increase of 14 from the 5th210,000 tons, an increase of 10 from the 8th630,000 tons. On the one hand, refineries did not stop production during the Spring Festival, and the volume of shipments to warehouses increased; On the other hand, the downstream has stopped production and holidays, and market consumption has fallen to the freezing point, so the inventory has increased significantly. (My Steel Net).
Zinc:As of this Monday (February 19), the total inventory of zinc ingots in seven places was 15900,000 tons, an increase of 6 from February 5910,000 tons, an increase of 6 from February 8070,000 tons, domestic inventory increased. The increase in inventory in many places is mainly due to the fact that last week was during the Spring Festival holiday, and the downstream enterprises had a low demand for zinc ingots during the holiday, while the smelter was strong under normal production, and the warehouse arrived more and the downstream delivery was poor, and the warehouse in many places was tired under the weak supply and demand. (Shanghai Nonferrous Metals Network).
Industrial Silicon:On February 19, the national social inventory of industrial silicon totaled 3570,000 tons, an increase of 030,000 tons. Among them, 10 of the general warehouses of the society60,000 tons, an increase of 030,000 tons, 25 social delivery warehouses10,000 tons (including the part of unregistered warehouse receipts), which was the same as before the Spring Festival. (Shanghai Nonferrous Metals Network).
Energizing**
Methanol:Recently, the origin of chemical coal has shown a slight trend. Affected by the Spring Festival holiday, there are many coal mines in the main producing areas that have stopped production and holiday, and the progress of resumption of work after the holiday is slow, and the market coal sales are mostly coal plants, and the overall market is still tight; At present, downstream power plants are mainly transported by long-term agreements, the demand of non-electric enterprises is insufficient, the terminal procurement sentiment is poor, and the market is mainly wait-and-see; Methanol enterprises mainly consume existing inventories during the festival, and with the resumption of coal mines after the holiday, enterprises will have a small amount of replenishment needs. (My Steel Net).
Glass:During the Spring Festival, the float glass did not release water cooling to repair the production line, and the production line that was ignited before the festival began to produce glass one after another, and the daily melting volume of glass was close to the historical high level, while the transaction slowed down during the Spring Festival, and the inventory of glass factories had a large accumulation. According to the data, as of February 18, the total inventory of float glass sample enterprises in China was 521400,000 heavy containers, a 7-month high, an increase of 1462 month-on-month50,000 heavy containers, an increase of 3899%, down 353%。The number of days of discounted inventory increased by 6 days from the previous period to 217 days. (Longzhong Information).
During the Spring Festival, the glass spot remained stable, the raw fuel also remained unchanged, and the production profit of float glass enterprises remained stable. According to the production cost calculation model of Longzhong Information, the average weekly profit of float glass fueled by natural gas was 396 yuan tons, which was flat month-on-month; The average weekly profit of float glass fueled by coal-to-gas was 389 yuan, which was the same as that of the previous month; The average weekly profit of float glass fueled by petroleum coke was 671 yuan, flat month-on-month. (Longzhong Information) To determine the commercial inventory of soybean oil and palm oil in key areas of the country by February 16.
Article**: Oriental Wealth Research Center).