Group 1: Market Overview - The main futures contract for corn closed at 2401 CNY/ton, with a weekly decline of 2.04%[4] - The average price of corn in northern China ranged from 2330 to 2350 CNY/ton, down by 10-20 CNY/ton from the previous week[4] - The overall corn consumption by 126 major processing enterprises increased by 1.38% week-on-week, totaling 128.07 million tons[4] Group 2: Supply and Demand Dynamics - The inventory of corn at processing enterprises rose by 14.27% to 5.318 million tons as of March 20[4] - The grain selling progress among farmers in 13 provinces reached 74%, which is 9% slower than the same period last year[4] - The overall market remains under pressure due to ample supply and expectations of inventory accumulation for the next year[4] Group 3: Economic Indicators - China's industrial added value increased by 7.0% year-on-year, surpassing the previous value of 6.8%[59] - The cumulative fixed asset investment in urban areas rose by 4.2% year-on-year, compared to a previous value of 3.0%[59] - The unemployment rate in China was reported at 5.3%, slightly higher than the previous rate of 5.1%[59] Group 4: Monetary Policy and Market Sentiment - The People's Bank of China maintained the 1-year and 5-year Loan Prime Rates (LPR) at 3.45% and 3.95%, respectively[59] - The market sentiment has turned cautious due to external risks and domestic economic pressures, leading to a more watchful trading approach[67]
全球宏观经济与大宗商品市场周报：美联储维持现有利率不变 日本央行时隔17年首次加息
Fang Zheng Zhong Qi Qi Huo·2024-03-24 16:00