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The Communist Party of China held the 2024 Spring Festival group meeting in the Great Hall of the People on the morning of the 8th. The General Secretary of the Communist Party of China and Chairman of the Military Commission delivered a speech, pointing out that 2024 is the 75th anniversary of the founding of the People's Republic of China and a key year for realizing the goals and tasks of the 14th Five-Year Plan. It is necessary to effectively enhance economic vitality, prevent and resolve risks, improve social expectations, consolidate and enhance the positive trend of economic recovery, continue to improve people's livelihood and well-being, and maintain overall social harmony and stability. It is necessary to further deepen reform in an all-round way, focus on breaking down deep-seated institutional and institutional obstacles and structural contradictions, fully stimulate the vitality of entrepreneurship, innovation and creativity in the whole society, inject strong impetus into the promotion of Chinese-style modernization, and make the Chinese-style modernization drive overcome obstacles and forge ahead.
The central bank released the report on China's monetary policy implementation for the fourth quarter of 2023In the next stage, a prudent monetary policy should be flexible, moderate, precise and effective. We will make good use of the new mortgage supplementary relending tools, and increase financial support for the construction of affordable housing, the construction of public infrastructure for both ordinary and emergency purposes, and the transformation of urban villages.
This Friday's large steel varieties **816940,000 tons, down 39090,000 tons. The total steel inventory on Friday was 1777810,000 tons, an increase of 178 week-on-week830,000 tons. The weekly consumption of the large variety was 638110,000 tons, a decrease of 138%；Among them, the consumption of building materials fell by 37 month-on-month8%, plate consumption fell 44%。
China's PPI fell 2% year-on-year in January5% and an expected decline of 26%, the previous value decreased by 27%；Month-on-month, it decreased by 02%, the decline was 02 and 01 percentage point. CPI fell 08% and an expected decrease of 05%, the previous value decreased by 03%；Month-on-month **03%, has been two consecutive months**, the increase is 02 percentage points.
Shanghai's Implementation Plan for Accelerating the Promotion of New Industrialization" was reviewed and approved, pointing out that it is necessary to strengthen its missionStrengthen the leading function of high-end industries, and focus on the layout of strategic emerging industries and future industriesAccelerate the cultivation and formation of new quality productivity, and firmly transform and upgrade in stabilizing the industry. Innovate policy and institutional support, strengthen the allocation of factor resources, accelerate the formation of industrial ecology, and create more competitive industrial clusters.
On February 8, Mysteel 62% iron ore index was 12795 up 195, monthly average 128; 65% iron ore index 14115 up 195, with a monthly average of 14103。(Unit: USD dry tons).
Feb. 8 Iron ore trading volume port spot:The total number of iron ore mines in the main port of the country has been 300,000 tons, month-on-month **786%；This week's average daily turnover is 1600,000 tons, month-on-month **728%；The average daily turnover for the month was 2670,000 tons, 72 percent month-on-month3%。
This week, the inventory of billets of the same caliber in major warehouses and ports in Tangshan was 1.33 million tons, down 1810,000 tons. During the research period, the Spring Festival is approaching, the festival atmosphere increases, the market is almost closed, the market transaction is limited, and the social treasury is slightly increased.
On February 8thMysteel statistics of the country's 45 ports of imported iron ore inventory of 13147840,000 tons, an increase of 201 from the previous month620,000 tons; The average daily volume of port evacuation is 303480,000 tons down 1120,000 tons. The total inventory of imported iron ore in 47 ports across the country is 13,722840,000 tons, an increase of 226 from the previous month620,000 tons, 47 ports with an average daily port volume of 318580,000 tons, down 2020,000 tons.
On February 8, MySteel surveyed 247 steel mills with a blast furnace operating rate of 7676%, an increase of 015 percentage points, down 1 percentage point from last year75 percentage points; The capacity utilization rate of blast furnace ironmaking is 8380%, an increase of 023 percentage points, down 1. year-on-year13 percentage points.
On February 8, Mysteel counted the total inventory of imported iron ore from steel mills in the country to 10,912130,000 tons, an increase of 88160,000 tons; The daily consumption of imported ore in the current sample steel mills is 274850,000 tons, an increase of 2090,000 tons, the stock-to-consumption ratio was 3970, an increase of 002 days.
On February 8, the State Mine Safety Supervision Bureau issued a notice on the safety management and resumption of work and production of mines before and after the Spring Festival, which mentioned that before the resumption of work and production of mines, the main person in charge must organize the formulation of a resumption of work and production plan, strictly implement major disaster management measures, carry out comprehensive safety risk research and judgment on all systems and links, and formulate and implement control measures; It is necessary to organize all employees to carry out in-depth investigation of hidden dangers, and strictly implement governance measures in accordance with the principle of "five determinations".
According to the data of the passenger association,In January, the domestic retail sales of new energy passenger vehicles reached 6680,000 units, a year-on-year increase of 1018%, a decrease of 29 from the previous month5%。
As of February 7, 2024, 13 listed automakers have announced their January production and sales data. From a month-on-month perspective, only two car companies, Geely Automobile and Foton Motor, achieved positive sales growth in JanuaryMonth-on-month, they increased by 4190% and 9516%。On a year-on-year basis, 12 automakers achieved positive sales growth in January.
Xuzhou Bofeng Iron and Steel plans to transfer 1 blast furnace of 500 cubic meters, with a production capacity of 700,000 tons to Guangxi Iron and Steel Group
Guangzhou has pushed the list of the first batch of projects of the municipal real estate financing coordination mechanism, requiring all financial institutions to actively connect with real estate development enterprises, negotiate on an equal footing, evaluate the projects in the list in accordance with the principle of marketization and rule of law, make independent decisions and implementation, and promote the implementation of loans as soon as possible for real estate projects with sufficient conditions.
Nanjing further relaxes the application conditions for points settlementThe restriction on social security contributions for not less than 12 months has been lifted.
Anglo American's total iron ore production in the fourth quarter of 2023 was 1,38060,000 tons, down 10% month-on-month and 12% year-on-year. Total iron ore sales in the fourth quarter were 1,64130,000 tons, an increase of 11% month-on-month and 18% year-on-year. Anglo American's full-year production guidance for 2024 is 58 million to 62 million tonnes (including 35 million to 37 million tonnes at Kumba and 23 million to 25 million tonnes at Minas-Rio).
In the fourth quarter of 2023, ArcelorMittal Group's iron ore production totaled 10 million tons, a decrease of 65%。Iron ore shipments totaled 6.1 million tonnes in the fourth quarter, down 3.0 million tonnes from the quarter2%, a year-on-year decrease of 116%。
15:00 January CPI in Germany
21:30 Canada's unemployment rate in January.
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