News summary
Newsletter text
[10 core nitrogen fertilizer companies responded in unison to spring plowing needs] 10 key nitrogen fertilizer companies jointly issued an initiativerubyslotsfreespinsFrom now until the end of spring plowing, we will suspend accepting export orders, and control the ex-factory price of nitrogen fertilizer to no higher than the level on May 21 to ensure supply in the domestic market. [Xinjiang's oil and gas production has led the country for three consecutive years] Erken Tuniazi, chairman of the Xinjiang Uygur Autonomous Region, revealed that Xinjiang's oil and gas production equivalent will reach 66.06 million tons in 2023, ranking first in the country for three consecutive years. [National Grain and Oil Information Center released soybean inventory data] According to monitoring, the commercial inventory of imported soybeans from major oil mills across the country on May 17 was 4.82 million tons, and it is expected that the arrival in Hong Kong will reach 10.5 million tons and 10 million tons in June and July respectively. [The National Development and Reform Commission promotes the promotion of national debt and investment] The National Development and Reform Commission announced the implementation of ultra-long-term special treasury bonds to accelerate the implementation of major strategies and security capacity building in key areas, as well as accelerate the release of investment within the central budget and the use of special local government bonds. [The old-for-new policy stimulates the vitality of the consumer goods market] The National Development and Reform Commission proposed to accelerate the trade-in of consumer goods, expand the consumption of automobiles, home appliances, mobile phones and other commodities, and the consumption of cultural and tourism services to stimulate economic growth. [1 trillion yuan of treasury bonds has been fully decentralized] A spokesperson for the National Development and Reform Commission revealed that all the additional 1 trillion yuan of treasury bonds related to the additional 1 trillion yuan of treasury bonds last year had been distributed to local governments before February this year. [Iron ore inventories in China's ports continue to decline] Data on May 21 showed that the total inventory of imported iron ore at China's 45 ports was 147.4 million tons, a decrease of 120,000 tons from last Monday, and the total inventory of 47 ports was 153.72 million tons, a month-on-month decrease of 150,000 tons. [Asphalt inventories continue to decline slightly] The latest data points out that as of May 20, the inventory of 104 domestic asphalt social warehouses totaled 287rubyslotsfreespins.20 million tons, a month-on-month decrease of 1.4%. The inventory of 54 domestic asphalt sample factories and warehouses was 1.217 million tons, a month-on-month decrease of 0.1%.