Finance Associated Press:With the end of the Spring Festival holiday, construction has gradually started across the country, and the issuance of local bonds has also been put on the agenda. According to agency statistics, as of February 19, the planned issuance scale of local bonds disclosed in the first quarter was about 1,897.9 billion yuan, but judging from the completion of local bonds in January, or affected by the additional issuance of national bonds, the overall issuance progress was slow, and the actual completion rate since February was only 7028%。However, many institutions believe that the issuance of local bonds from February to March may be large, but the short-term impact on the capital side is limited, and the follow-up can focus on the supply of local special bonds. People's Daily Online: According to the ** Meteorological Observatory, from 14 o'clock on February 21 to 14 o'clock on the 22nd, there will be heavy snow in southeastern Shandong, southern Henan, central Anhui, central Jiangsu, most of Hubei, northern Hunan, eastern and northern Chongqing, northeast Sichuan, ** east and other places, among them, there are heavy snowfall (10-18 mm) in parts of central Anhui, southern and eastern Hubei, northern Hunan, ** east and other places. The new snow depth in the above areas is 3-7 cm, and locally it can reach more than 10 cm. Black**
Rebar:According to the statistics of Centennial Construction, at the beginning of the first month of 2023.
10. New Year's Month. Ten.
7. The resumption rate of construction sites in the first month of the first month was respectively4% and 765%。The resumption rate of the first ten days of the first month of 2024 is 130%, and it is expected that the resumption of construction work will be significantly accelerated next week. (My Steel Net).
Iron ore:From the perspective of the profit statement of imported mines, the profits of imported mines ushered in a large margin; According to statistics, this week (February 17 to February 23), the impact of molten iron brought by blast furnace maintenance was 175060,000 tons, an increase of 5 compared with the impact of last week's maintenance260,000 tons. Next week (February 24 to March 1), the impact of blast furnace maintenance on molten iron is 172460,000 tons, a decrease of 2 from this week600,000 tons. Although the third round of coke price reduction, the profits of steel mills have improved slightly, but they are still in a state of loss, and the output of molten iron of steel mills has declined instead of increasing. Combined with the impact of the recent blizzard, the downstream demand started slowly, the market sentiment was pessimistic and suppressed the sharp decline in mine prices, and it is expected that the profits of imported mines will still decline. （smm）
Agricultural productsStarch:In the week ended Feb. 21, the total amount of corn processed nationwide was 57460,000 tons, an increase of 1 from the previous week950,000 tons; The weekly national corn starch production was 28730,000 tons, an increase of 1 from the previous week190,000 tons; The weekly uptime rate is 568%, an increase of 2 from the previous week35%。（mysteel）
Eggs:Today's eggs are mainly stable. At present, the number of laying hens in the herd is basically stable and slightly increasing, and the eggs are moderately loose as a whole. At present, the eggs in the production areas are sufficient, and the sales area has increased after the holiday, but in recent days, there has been rain and snow in Hebei, Shandong and other places, the roads are icy, the egg transportation is affected, the arrival of the sales area is still not high, the inventory pressure in the production area is gradually transferred to the egg business, the egg business is generally active, and the off-season after the festival is the consumption off-season, the wait-and-see mentality in the industry is more obvious, and the overall demand for eggs is still weak. It is expected that the short-term egg price will be overall or small**. China Feed Industry Information Network).
Hogs:According to the monitoring of the Ministry of Agriculture and Rural Affairs, the "Agricultural Products Wholesale **200 Index" on February 21 was 13059, down 058 points, the "vegetable basket" product wholesale ** index is 13260, down 061 points. As of 14:00 today, the average pork in the national agricultural products wholesale market is 2108 yuan kg, down 1 from yesterday4%。(Southern Finance and Economics Network).
ColoredLithium carbonate:According to data released by Shanghai Ganglian, today's battery-grade lithium carbonate ** was flat compared with the last time, with an average price of 970,000 tons. Today's capital market network spread news such as "the sum of the slag ledger in Yichun does not match the actual millions of tons" and "all lithium salt plants with slag output are not allowed to start", and the reporter of the Financial Associated Press verified from the core source that the news is fake news. Finance Associated Press:
Aluminum:The United States plans to unveil a "significant" sanctions package against Russia on Friday, Biden said on Tuesday. Aluminum and nickel jumped after Biden's latest warning: the price of aluminium on the London Metal Exchange (LME) **18%, nickel price **13%。Nickel prices slipped early Tuesday after aluminum prices fell to a four-week low amid lingering uncertainty over global demand. In terms of production, Russia produces nickel and aluminum, which account for the largest proportion of total global production. Finance Associated Press:
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Methanol:As of February 21, 2024, the total inventory of methanol ports in China was 81480,000 tons, a decrease of 3 from the previous data060,000 tons. Among them, East China went to the warehouse, and the inventory decreased by 4750,000 tons; South China accumulated inventory, inventory increased by 1690,000 tons. Today's methanol port inventory decreased month-on-month, rigid demand is still stable, the mainstream reservoir area is still recovering, but has not yet returned to normal levels, and there are domestic cargo supplements in East China. South China and Guangdong imported and a small number of domestic trade ships were replenished during the cycle, while downstream demand slowly recovered after the holiday, the performance of cargo delivery was still weak, and inventories continued to accumulate; Fujian has just been consumed, and the local inventory is shrinking. (Longzhong Information).
Asphalt:The latest data shows that the capacity utilization rate of China's asphalt refineries was 23 in the week ended Feb. 212%, an increase of 08%, and the weekly output of asphalt is 3940,000 tons, an increase of 37%。It was mainly due to the resumption of asphalt production by Jinling Petrochemical, Yangzi Petrochemical and Jiangsu Xinhai, which drove the overall capacity utilization rate to increase. On the whole, the operating rate in southwest China is the highest in the country, and the operating rate in southern China is the lowest. The operating rate in southwest China was 43%, flat month-on-month, and the operating rate in southern China was 117%, a decrease of 14%。(Longzhong Information).
Urea:Today, the domestic urea ** is stable, and some regional markets are reduced by 10-20 yuan tons. The rain and snow weather in the north has affected agricultural demand and shipments, and the recovery rate of industrial plates is slow, and it is expected that the short-term or weak finishing will be carried out. (Nong Shi Da Intelligence).
21:00 2024 FOMC member and Atlanta Fed President Bostic delivers a welcome speech at an event.
05:30 the next day, the United States to February 16 for the week of API** inventory (10,000 barrels).
Article**: Oriental Wealth Research Center).