Newsletter summary
Domestic commodity futures rose strongly, led by soda ash up 5%, followed by Shanghai Nickel and PVC; the central bank's reverse repurchase operation was stable; April industrial and real estate data showed growth and adjustment; steel and styrene production decreased, iron ore inventory increased; egg, primary aluminum, caustic soda production increased steadily; double coke inventory fluctuated.
Text of news flash
[China's commodity futures market performed strongly today, with soda ash contracts leading a rise of more than 5%]
China's commodity futures market closed early today, and the main contracts rose almost across the board. In terms of increases, soda ash contracts rose more than 5 per cent, while Shanghai nickel and PVC contracts also rose more than 3 per cent. LPG, coke, glass, coking coal, lithium carbonate and other contracts rose more than 2 per cent, while polypropylene, international copper, crude oil, plastics and fuel rose more than 1 per cent. However, European container contracts fell more than 6 per cent, while contracts such as manganese silicon, corn and Shanghai gold also fell slightly.
Data from the National Bureau of Statistics reveal the acceleration of industrial growth
Issued by the National Bureau of StatisticsSlotmachinecasinogamesData show that the added value of industries above the national scale increased by 6% in April compared with the same period last year.Slotmachinecasinogames.7%, a growth rate of 2% faster than last month.Slotmachinecasinogames.2 percentage points. A month-on-month increase of 0.97%. In terms of sectors, the added value of the mining industry increased by 2.0% compared with the same period last year, the manufacturing industry grew by 7.5%, and the electricity, heat, gas and water production and supply industries increased by 5.8%. The added value of the equipment manufacturing industry and the high-tech manufacturing industry increased by 9.9% and 11.3% respectively, and the growth rate accelerated.
The interest rate of the central bank's reverse repo operation remains stable
The people's Bank of China today carried out a seven-day reverse repurchase operation of 2 billion yuan, and the winning interest rate was 1.80%, the same as before.SlotmachinecasinogamesThe operation is flat.
The real estate market has adjusted, and the price of new housing in first-tier cities has fallen.
The National Bureau of Statistics also released real estate market data for April. Data show that in 70 large and medium-sized cities, the month-on-month and year-on-year decline in commercial housing sales prices in all cities have expanded. The sales price of newly built commercial housing in first-tier cities fell 0.6% from the previous month and 2.5% from the same period last year, an increase over the previous month.
China's steel output declined compared with the same period last year, and blast furnace operating rate remained stable.
In April, China's crude steel production was 85.94 million tons, down 7.2 per cent from a year earlier. Pig iron and steel production also declined compared with the same period last year. However, crude steel and steel production still increased from January to April compared with the same period last year. The operating rate of blast furnace of 247 steel mills is 81.5%, the utilization rate of ironmaking capacity of blast furnace is 88.57%, and the profit rate of steel mills is 51.95%.
Changes in production and inventory of styrene and iron ore in China
The latest figures show that overall production of styrene plants in China fell by 6000 tonnes, or 1.96 per cent, month-on-month. The inventory of imported iron ore in 45 ports across the country increased by 1.3056 million tons compared with the previous month.
Price changes of lead ore and eggs
Lead port inventories fell by 18000 tons this week compared with the previous week. The average price of eggs in Shandong, the main producing area, rose 0.22 yuan / kg compared with yesterday, and the average price of eggs in Hebei, Guangdong and Beijing also rose to varying degrees.
China's output of primary aluminum and non-ferrous metals increased year on year
In April, China's primary aluminum production rose 7.2% from a year earlier. From January to April, primary aluminum production rose 7.1% from a year earlier. In addition, the output of China's ten non-ferrous metals increased by 7.0% year-on-year. From January to April, the output increased by 7.1% compared with the same period last year.
The output of caustic soda in China increases year on year.
In April, China's caustic soda production increased 4.5% from a year earlier. From January to April, caustic soda production increased by 4.4% compared with the same period last year.
Inventory of coking coal and coke has changed
This week, coking coal stocks imported from 16 ports across the country and coke stocks from 18 ports across the country decreased and increased respectively.