Analysis of steel mesh inventory for the week ending January 24: production of building materials was 3.235,800 tons, down 58,400 tons from week to month, down 1.77%; down 12,800 tons from year to year, down 0.39%.
Japan's commercial crude oil inventory increased by 3,000 kiloliters to 10.99 million kiloliters
Japan Petroleum Association (PAJ): For the week ending January 20, the average operating rate of Japanese refineries was 81.4%, compared to 80.7% on January 13. Japan's commercial crude oil inventory increased by 3,000 kiloliters to 10.99 million kiloliters. Japan's gasoline inventory increased by 64,000 kiloliters to 1.89 million kiloliters. Japan's naphtha stocks rose 55,000 kiloliters to 1.14 million kiloliters. Japan's kerosene stocks fell 160,000 kiloliters to 2.15 million kiloliters.
China Steel Association: Rebar stocks were 3.58 million tons in mid-January, an increase of 230,000 tons over the previous month
In mid-January, social stocks of the five major types of steel in 21 cities were 8.23 million tons, an increase of 420,000 tons over the previous month, up 5.4%. Inventories continued to rise and the increase declined; it increased 940,000 tons from the beginning of the year, up 12.9%; and decreased 1.06 million tons from the same period last year, down 11.4%. In mid-January, rebar stocks were 3.58 million tons, up 230,000 tons from the previous month, up 6.9%. Inventories continued to rise, and the increase continued to expand; 530,000 tons increased from the beginning of the year, an increase of 17.4%; and a decrease of 360,000 tons from the same period last year, a decrease of 9.1%.
Inventories have accumulated, and the table needs to decline significantly
Analysis of steel mesh inventory for the week ending January 24:
① The production of building materials was 3.235,800 tons, down 58,400 tons from the previous week, or 1.77%; the year-on-year decrease was 12,800 tons, down 0.39%.
② The building materials factory warehouse was 2.761,700 tons, up 0.16% from week to month; down 23,800 tons from year to year, down 0.85%.
③ The Building Materials Depot was 3.946 million tons, up 166,600 tons from week to week, up 4.41%; the year-on-year increase was 608,600 tons, up 18.24%.
④ The building materials table required 3,064,700 tons, a decrease of 216,300 tons from the previous week.
Ministry of Commerce: Prices of edible agricultural products and means of production fell slightly last week
According to the Ministry of Commerce's market operation monitoring system, last week (January 15 to 21), the national market price of edible agricultural products fell 0.2% compared to the previous week (month-on-month, same below), and the market price of means of production fell 0.5%. Among them, the wholesale price of meat dropped slightly. Among them, pork was 19.45 yuan per kilogram, a decrease of 0.5%, while beef and lamb decreased by 0.2% and 0.1%, respectively. Wholesale prices of poultry products rose slightly, with eggs and white striped chicken rising by 0.4% and 0.2% respectively. Wholesale prices of aquatic products increased mainly. Among them, crucian carp, octopus, and rhubarb increased by 0.9%, 0.9%, and 0.6%, respectively.
Li Yunze: The overall operation of China's financial industry is steady and I am confident in maintaining the healthy and stable development of the financial industry
The 17th Asian Financial Forum opened in Hong Kong. Speaking at the opening ceremony, Li Yunze, director of the China General Administration of Financial Supervision and Administration, said that at present, the financial industry in mainland China is generally running steadily and risks are manageable, and mainland China has full confidence, conditions, and ability to maintain the healthy and stable development of the financial industry. Li Yunze said that under the new situation, mainland China will use financial supply-side structural reforms as the main line to guide financial institutions back to their roots and focus on their main business. In particular, they should focus on “five major articles” on technology finance, green finance, inclusive finance, pension finance, and digital finance. Facilitate the suitability of serving the real economy due to sentiment guidance. Strengthen the economy with strong finance, help stabilize the economy with financial stability, and provide stronger financial support for the Chinese-style modernization drive. (Shell Finance)
Rumors of restrictions on shorting stock index futures have resurfaced quantitative feedback from many leading companies: no notice has been received, but regulations are expected to become stricter
Today, there is a rumor in the market that “regulations require some quantitative and other agencies to restrict shorting of stock index futures.” A number of leading quantitative agencies said that only quantification-neutral products can be hedged without receiving the latest similar regulatory requirements. Currently, these products are symmetrical in line with regulatory requirements; they are not net shorting and bare selling operations. Another quantitative trading professional said that in response to the above rumor that “it is OK to place a few empty orders in stock hedging”, up to now, no specific trading restrictions have been seen, and no relevant notices have been received. If there are restrictions on non-hedging transactions in programmatic transactions, this will undoubtedly have a certain impact on the market, and the exact extent of the impact will depend on the specific content of the restrictions. Considering the current time point, this may be a follow-up to the results of previous programmatic declarations and a process of more specifically regulating programmatic transactions in the market. It is expected that future requirements may become more specific and more standardized. (Financial Services Association)