On February 28, the domestic commodity market presented a vibrant scene. Most of the commodities are sometime**, like the spring breeze blowing the sleeping earth. However, the base metals market is slightly sluggish, and the ** of alumina has been falling endlessly, with a decline of more than 1%. Relatively speaking, lithium carbonate is a standout, with an increase of 3%, showing strong momentum. Among the black products, most of the varieties are also gratifying. Coking coal rose by more than 2% and became the star of the market. Coke and iron ore also followed, both rising more than 1%. All this shows that the market demand is still strong, driving the growth of these goods.
In terms of energy varieties, most of the commodities are also the best. ** The performance was particularly outstanding, with a 1% increase, showing the confidence of the market. However, glass has become an outlier in the market, with a 3% increase, which is remarkable. The agricultural market is also bustling, with most varieties available. Douer's performance was particularly impressive, with an increase of more than 1%, which is encouraging. **The market is a bit confusing. Although the market still expects the Federal Reserve to cut interest rates for the first time in June, the weak economic data released by the United States yesterday evening, coupled with the housing price index rising more than expected year-on-year and month-on-month, the market is still worried about the risk of high inflation. However, it has shown resilience, and the pressure has been released to a certain extent, waiting for further guidance from economic data. In terms of agricultural products, the expectation of tight supply and demand in the domestic palm oil market is gradually increasing. A small number of new ships were bought last week, and medium-term inventories are expected to continue**. At the same time, pay attention to the progress of soybean storage rumors, if fulfilled, will alleviate the concern of low domestic soybean arrivals in March, affecting the procurement rhythm of the later shipping month. In the medium term, as Brazilian soybeans enter the peak period of arrival, the domestic soybean oil supply and demand may be tight. The international shipping market is not calm either. Maersk Line, the international shipping giant, warned customers to prepare for the disruption of shipping in the Red Sea until the second half of the year and consider extending the transit time in the ** chain planning. In response to delays caused by extended transshipment times around Africa, Maersk has increased vessel capacity by about 6%.