The demand for steel market starts is weak, the pressure of the industrial chain is transmitted to the upstream of coal and coke, and the data of breeding sows has dropped to a new low in the past three years, and listed pig enterprises can finally "stop the bleeding" in the second half of the year? After a lapse of three months, lithium carbonate** stood at the 100,000 mark, and the demand for environmental protection rectification and superposition in many places was improvingChina Securities Regulatory Commission: On February 27, Wu Qing, Secretary of the Party Committee and Chairman of the China Securities Regulatory Commission, presided over a symposium on the construction of the rule of law in the capital marketto listen to opinions and suggestions on improving the basic system of the capital market and strengthening the protection of the rule of law. Relevant responsible comrades of the Legislative Affairs Commission of the Standing Committee of the National People's Congress, the Supreme People's Court, the Supreme People's Procuratorate, the Ministry of Public Security, and the Ministry of Justice, as well as some experts, scholars, and lawyer representatives attended the forum.
SSE News:Recently, rumors have circulated in the industry that "the brokerage has notified that the restrictions on quantitative trading have been completely relaxed". The reporter interviewed a number of private equity firms and learned that the relaxation of restrictions related to quantitative trading has led to the enlargement of trading volume. In the early stage, the Shanghai and Shenzhen ** exchanges have taken regulatory measures against the abnormal trading behavior of individual institutions, rather than restricting selling. In addition, the DMA business, which has attracted much attention, is also tighteningAccording to industry insiders, the follow-up control of leverage ratio and scale will be relatively strict. SSE News:The reporter learned from Rong 360 that in February 2024,The average first-home loan in 45 key cities across the countryInterest ratesFor 364%, down 24 basis points month-on-month and 43 basis points year-on-year; The average interest rate for a second home loan is 419%, down 26 bps sequentially and down 75 bps year-on-year. Black**
Iron ore:Citi has a three-month price target for iron ore from US$150 per tonneLowered to $130。(Finance Associated Press).
In January 2024, the procurement costs of various varieties of benchmarking enterprises rose and fell differently from the previous month, and the domestic mines increased significantly. Among them, the procurement cost of coking coal decreased by 11 year-on-year21%；Metallurgical coke decreased by 9 year-on-year02%；Domestic iron ore concentrate increased by 23 percent year-on-year90%, and imported fine ore increased by 21 year-on-year31%；Scrap fell 4 percent year-on-year14%。(China Iron and Steel Association).Rebar:This week, the average cost of molten iron excluding tax in Tangshan's mainstream sample steel mills was 2,877 yuan tons, and the average cost of billet including tax was 3,706 yuan tons, down 58 yuan tons week-on-week, compared with the current 3,550 yuan tons of billet ex-factory on February 28The average loss of steel mills is 156 yuan tons, a week-on-week decrease of 68 yuan tons. （mysteel）
National building materialsSheku 1165940,000 tons, an increase of 82 from last week070,000 tons, up 757%；Factory warehouse 761840,000 tons, an increase of 23320,000 tons, up 316%；Production 355180,000 tons, an increase of 1 from last week240,000 tons, up 035%。(Steel Valley Net).
Agricultural products**Sugar:The International Sugar Organization (ISO) released data on WednesdayThe global sugar shortage is expected to be 68 in 2023 2490,000 tons, up from a shortfall of 33 in November50,000 tons, compared to a surplus of 30 in 2022 2380,000 tons. (Xinhua Finance).
Apple: After the Chinese New YearThe enthusiasm of merchants in various producing areas to stock up has gradually increasedThe resumption of cold storage work time is earlier than in previous years, the market transaction supply is affected by the quality factors of fruits, the transaction is significantly differentiated, the transaction rhythm of high-quality supply is fast, the high level is stable, the general supply transaction is cautious, and the transaction is slightly down. (Xinhua Finance).Corn:According to Mysteel agricultural products research,As of February 23, the corn stocks in the four northern ports totaled 14690,000 tons, an increase of 14 week-on-week10,000 tons；A total of 150,000 tons were placed under the four northern ports that week, an increase of 10 percent week-on-week900,000 tons. （mysteel）Soybeans:Brazil's National Association of Grain Exporters (ANEC) is based on shipping program data**Between Feb. 25 and Mar. 2, Brazil exported 371480,000 tons, which was 225 last week040,000 tons; The export volume of soybean meal was 39630,000 tons, compared to 33040,000 tons; Corn exports were 00,000 tons, compared to 00,000 tons last week; The volume of wheat exports was 41830,000 tons, compared to 24370,000 tons. (Xinhua Finance).
ColoredShanghai Aluminum:According to mysteel research, a power flash fire accident occurred in an aluminum plant in Inner Mongolia, resulting in a voltage outage of aluminum in the whole plantThe number of slots is currently increasing, the impact of production capacity is expected to expand. （mysteel）
ColoredIn January 2024, the prosperity index of China's non-ferrous metals industry was 257, an increase of 06 points; Leading index 748, down 1 from the previous month1 point; The consensus index is 760, an increase of 1 from the previous month2 points. The data shows thatThe industrial sentiment index continued to rise, but it was still in the lower part of the "normal" range。Overall, the recent non-ferrous metal prosperity index is expected to continue to rise slightly in the "normal" range. (China Nonferrous Metals Industry Association).Alumina:On the morning of February 28, the Jiaozuo Municipal Pollution Prevention and Control Office issued a notice to decide onFrom 24 o'clock on February 28, the orange warning for heavy pollution weather in Jiaozuo City will be lifted, terminating emergency response. (Jiaozuo Municipal Bureau of Ecology and Environment).
Energizing**
Methanol:As of February 28, 2024The total inventory of methanol ports in China is 76050,000 tons, a decrease of 5 from the previous data430,000 tons。Among them, East China went to the warehouse, and the inventory decreased by 330,000 tons; South China went to the warehouse, and the inventory decreased by 2130,000 tons. (Longzhong Information).
News on February 28,opec+It is reported that an extension of the voluntary production cuts will be considered until the second quarterto provide additional support to the market. A decision on whether to extend the cut is expected in the first week of March. (Interface News).
Asphalt:The latest data shows that in the week ended February 28,The capacity utilization rate of asphalt refineries in China is 253%, an increase of 21%, the weekly output of asphalt is 4390,000 tons, an increase of 114%。It was mainly due to the resumption of asphalt production by Dongming Petrochemical, Shandong Shengxing, CNPC Gaofu and Beihai Heyuan, which led to an increase in the overall capacity utilization rate. (Longzhong Information).
(Finance Associated Press).Bitcoin continues to extend its rallyAfter 28 months, it exceeded $60,000 again。So far in February, all but 8 trading days have been averaged**, with a cumulative increase of 40% in the month.
Hong Kong Securities and Futures Commission:Ms. Julia Leung, Chief Executive Officer of the Securities and Futures Commission of Hong Kong, expressed her support for **'s efforts to promote the long-term steady growth of Hong Kong's capital market. It will work closely with HKEX to improve the microstructure of the market, reduce transaction costs and enhance market efficiency. Among the various market development initiatives, the SFC strongly agrees** that both direct and indirect transaction costs should be lowered to improve market liquidity. The SFC will work with HKEX to review the minimum bid-ask spreads for ** transactions. 
Article**: Oriental Wealth Research Center).