Xinhua News Agency:**The work report said that the expected target of economic growth is about 5%, which takes into account the needs of promoting employment and income, preventing and resolving risks, and is in line with the "14th Five-Year Plan" and the goal of basically realizing modernization, and also considers the potential and supporting conditions for economic growth, reflecting the requirements of being proactive and promising. Achieving this year's expected goals will not be easy, and it will require policy focus, redoubled efforts, and concerted efforts from all sides.
Interface News:Zhang Yuzhuo, director of the State-owned Assets Supervision and Administration Commission, said at the first "ministerial channel" centralized interview event at the second session of the 14th National People's Congress that from the perspective of state-owned assets supervision, the main thing is to encourage enterprises to innovate boldly and break down some institutional and institutional obstacles that affect high-quality development. For example, new energy vehicles, state-owned automobile enterprises in this area of development is not fast enough, we adjust the policy, the three first-class automobile enterprises, the new energy vehicle business of separate assessment.
Xinhua News Agency:**The work report said that in order to systematically solve the problem of funding for the construction of some major projects in the process of building a strong country and national rejuvenation, it is planned to issue ultra-long-term special treasury bonds for several consecutive years starting from this year, which will be used for the implementation of major national strategies and security capacity building in key areas, and 1 trillion yuan will be issued this year.
Black**
Steel:On March 5, Masteel adjusted the building materials in Ma'anshan and Hefei as follows:
1. High line: down 20 yuan, now the 8mm HPB300 high line in Hefei is 4360 yuan ton, and the 8mm HPB300 high line in Ma'anshan area is 4350 yuan ton;
2. Thread: down 20 yuan, now 20mm HRB400 rebar in Hefei is 4120 yuan ton, and 20mm HRB400 rebar in Ma'anshan is 4110 yuan ton;
3. Snails: Reduced by 20 yuan, the implementation of 8mm HRB400 coiled snails in Hefei is 4360 yuan tons, and the implementation of 8mm HRB400 coiled snails in Maanshan area is 4350 yuan tons.
The above adjustments are all tax included and will be implemented from March 5, 2024. (Nishimoto Shinkansen).
Iron ore:According to the data, from February 26 to March 3, 2024, the total iron ore inventory in the seven major ports of Australia and Brazil was 1,27090,000 tons, an increase of 8390,000 tons, slightly higher than the average level since the beginning of this year. （mysteel）
Agricultural products**
Cotton:As of March 4, 2024, the total cotton inventory in Zhangjiagang Free Trade Zone is 460,000 tons, an increase of 1 from the previous week45%；Among them, bonded cotton 3290,000 tons, a decrease of 044%, non-bonded cotton 1320,000 tons, an increase of 6 from the previous week51%。(Zhangjiagang Free Trade Zone Textile Raw Materials Market).
Hogs:In March, the planned slaughter volume of domestic breeding enterprises was 1011960,000 heads, an increase of 31 compared with the actual slaughter in February35%。Shaanxi and Anhui had the most obvious increases, with a month-on-month surge of 6535% and 6149%, Jiangsu, Shanxi, Jiangxi also increased significantly, with an increase of about 50%. (MyProduce.com).
As of 14:00 on March 5, the average pork in the national agricultural products wholesale market was 2007 yuan kg, up 02%。(Ministry of Agriculture and Rural Affairs).
Sugar:On March 5, the sugar enterprises in the Guangxi spot market were slightly lowered to 6390-6420 yuan per ton (different factory warehouse delivery prices were different), which was 10 yuan lower than yesterday's; Another merchant maintained a line of 6360-6410 yuan tons, and the specific transaction situation needs to be further observed. (Yunnan Sugar Network).
Colored ***
Lithium carbonate:According to data released by Shanghai Ganglian, on March 5, the battery-grade lithium carbonate ** was 3,500 yuan tons, and the average price was reported at 1090,000 tons. (Finance Associated Press).
Goldman Sachs said it expects China's lithium carbonate pricing to average US$11,100 per tonne this year (previously** US$13,376) and lowered its 12-month target to US$10,000 per tonne (previously** US$11,000). (Xinhua Finance).
Industrial Silicon:On March 5, East China non-oxygen 553 at 14400-14600 yuan tons, oxygen 553 at 14700 14800 yuan tons, 521 at 14800 15000 yuan tons, 441 at 14900-15100 yuan tons, 421 at 15200 15300 yuan tons, 421 silicone at 15400-15500 yuan tons, 3303 at 15300-15500 yuan tons. Silicon prices in Kunming, Huangpu Port, Tianjin Port, Xinjiang, Sichuan, Fujian, and Shanghai remained stable today. Recycled silicon and 97 silicon are also stable today**. (Shanghai Nonferrous Metals Network).
Alumina:On March 5, the alumina spot market investigated three spot transactions, with a total turnover of about 20,000 tons, and the transaction ** was 3210-3300 yuan. （mysteel）
Energizing**
Soda ash:The domestic soda ash market continued to be weak, and the first fell in the negative. The equipment of the alkali plant is stable and small, the inventory and reduction of individual enterprises are expected, the current ** maintains a high level, the new orders of enterprises are generally received, and a small number of transactions are made. Downstream enterprises have a poor stocking sentiment and maintain a small amount of replenishment. (Longzhong Information).
Glass:As of March 4, the average price of white glass in China was 203975 yuan tons, down 11 percent from after the Spring Festival37 yuan tons, down 1 percent year-on-year58%。After the Spring Festival, the domestic float glass market rose first and then fell, and the market demand recovered less than expected. (Zhuochuang Information).
Canada's Alberta Energy Regulatory Authority data showed that the province's total oil production fell by about 380,000 barrels per day to about 3.81 million barrels per day, the largest drop since April 2020. The biggest drop occurred in the oil sands region, where production fell by about 3420,000 barrels per day to 3.23 million barrels per day. Interface News:
23:00 US ISM Non-Manufacturing (Feb)pmi
05:30 the next dayapi**Weekly report
Article**: Oriental Wealth Research Center).