Ministry of Commerce:The head of the WTO Department of the Ministry of Commerce answered a reporter's question on the "2023 Report on China's Fulfillment of WTO Accession Commitments" released by the Office of the US Representative: The US side vainly calls China's legitimate measures "economic coercion", reverses black and white, labels China's response measures due to the US blockade and suppression, and falsely accuses China of causing "overcapacity", which fully reflects the unilateralism and bullying behavior of the US side. China firmly opposes this.
Finance Associated Press:After the release of higher-than-expected CPI and PPI data for January, the Fed's favorite inflation gauge - the US personal consumption expenditures (PCE) data for January will be released on Thursday. Economists** The Fed's core PCE in January is likely to see its biggest month-on-month increase in a year, according to a Bloomberg poll, highlighting that the Fed's prospects for curbing inflationary pressures in the U.S. remain unhurried. Black**
Rebar:On the 26th, Shaogang No. 6 blast furnace maintenance plan, No. 6 blast furnace plan from February 26 to April 2 to stop the furnace for overhaul, with a daily output of 3,500 tons of molten iron; It is expected that the overhaul of the No. 6 blast furnace will reduce the output of molten iron by 12250,000 tons. (Lange Steel).
According to the latest announcement of steel and silver e-commerce, in the week ending February 26, the total urban steel inventory of 149 warehouses in 39 cities across the country was 1274920,000 tons, an increase of 36 from the previous week290,000 tons, an increase of 293%。(Xinhua Finance).
According to the latest data from the World Steel Association, the world's crude steel production in January 2024 was 148.1 billion tons, down 16%。Among them, China's crude steel output is estimated to be 77.24 million tons, down 6 percent year-on-year9%；India's crude steel output was 12.5 million tons, an increase of 7 year-on-year3%。(Xinhua Finance).
Coal:Regarding the news that there are rumors in the market that "Shanmei International has reduced production by 8 million tons", the company's ** department said that it is "not true". Agricultural productsHogs:According to the latest release of the National Development and Reform Commission's ** Monitoring Center, this week (as of the week of February 21), the national pig feed price ratio was 463, down 414%。According to the current ** and cost estimates, the average profit of the pig breeding head of the future piglet fattening model is 7768 yuan. （*
Cotton:According to mysteel research, as of February 22, the inventory of major ports of imported cotton increased by 1 compared with before the Spring Festival4%, total inventory 5090,000 tons. Among them, the inventory of imported cotton in Qingdao, Jinan port and surrounding warehouses in Shandong is about 4360,000 tons, an increase of 1 week-on-week4%, 155% higher than the same period last year; The inventory of imported cotton in Zhangjiagang Port and surrounding warehouses in Jiangsu is about 440,000 tons, and the inventory of other ports is about 290,000 tons. This week, the inventory of imported cotton at the port increased slightly, mainly due to the arrival of goods at the port during the holiday period, and the resumption of work and production in the warehouse was active. According to Mysteel's survey, the national commercial inventory decreased month-on-month, and cotton entered the destocking cycle. As of February 23, the total commercial inventory of cotton was 456380,000 tons, a decrease of 3 from last week40,000 tons (down 0.).74%）。Among them, 362 commercial cotton in Xinjiang430,000 tons, a decrease of 7260,000 tons (down 1.).96%）。Commercial cotton 43 in the mainland050,000 tons, an increase of 3 week-on-week130,000 tons (an increase of 7.).84%）。On the whole, the domestic cotton commercial inventory is running at a high level. （mysteel）
Sugar:On February 23, 2024, the price of ICE raw sugar** will be 2179 cents pound, the exchange rate of the yuan is 71965。It is estimated that the estimated dutiable cost of Brazilian sugar processing within the quota is 5,684 yuan, and the estimated dutiable cost of Brazilian sugar processing is 7,292 yuan. The estimated dutiable cost of Thai sugar processing within the quota is 5,948 yuan, and the estimated dutiable cost of Thai sugar processing is 7,637 yuan. (Pansaccharide Technology).
ColoredHujin:Citi lowered its 0-3 month*** target to $1,950 per ounce, but kept its 6-12 *** target unchanged at $2,150 per ounce. (Xinhua Finance).
Lithium carbonate:The third round of the first batch of ecological and environmental protection inspectors, from today (February 26) will be successively to Hainan, Qinghai, Fujian, Henan and Gansu five provinces feedback inspectors, requiring all provinces to formulate corresponding rectification plans according to the inspector report, and within 45 working days to submit ***, but also require the provinces to disclose the inspector rectification to the public. It is understood that the third round of the first batch of inspectors was launched in late November last year and completed the stationing. Today, the first ecological and environmental protection inspection team will give feedback on the progress of Hainan Province and Qinghai Province respectively. Finance Associated Press:
Shanghai Aluminum:Alcoa has agreed to acquire Australia's Alumina on an all-a-day basis, valuing its stake in Alumina at approximately 33A$500 million (about 22.)0 billion US dollars). Interface News).Energizing**
Goldman Sachs expects Brent** to peak slightly at $87 a barrel in the summer of 2024 (vs. $85 previously) as the Red Sea disturbance leads to a larger-than-expected decline in oil reserves in OECD countries. (Xinhua Finance).Ethylene glycol:The reporter learned that during the week, with the repair of the profits of the ethylene glycol plant, some of the devices were restarted and the domestic ethylene glycol rebounded, which suppressed the trend to a certain extent. However, in the second half of the week, a number of coal-based units announced maintenance plans for the month, and there is an expectation of contraction, which boosts the bullish sentiment, and ethylene glycol is now in the future
23:30 US Dallas Fed Business Activity Index (February).
00:00 USDA export inspection report the next day.
Article**: Oriental Wealth Research Center).