Core Viewpoint - The article discusses the introduction of the "Comprehensive Solid Waste Management Action Plan" by the State Council, emphasizing the importance of treating solid waste as a valuable resource rather than waste, and promoting sustainable practices in solid waste management [1] Group 1: Solid Waste Management Principles - The plan follows the principles of reduction, resource utilization, and harmlessness, highlighting the concept of a circular economy [1] - Solid waste is viewed as a valuable resource that is misplaced, rather than useless [1] Group 2: Utilization and Support Measures - Relevant departments will enhance the comprehensive utilization of solid waste generated from industrial, construction, and agricultural sectors, including smelting slag, tailings, construction waste, and crop straw [1] - The government will employ various support measures such as investment, technology, land use, and tax incentives to promote sustainable business models [1] - There will be a focus on developing key technologies for solid waste recycling and significant technological equipment for resource recycling [1] Group 3: Land Use for Resource Recycling - Local authorities are guided to allocate no less than 1% of industrial land for the construction of resource recycling facilities [1]

人民财讯1月13日电，1月13日，国新办举行国务院政策例行吹风会，介绍《固体废物综合治理行动计 划》有关情况。生态环境部副部长李高表示，每年我国固体废物产生量约为110亿吨。固体废物污染点 多、面广，尤其是非法倾倒处置建筑垃圾、生活垃圾、工业固体废物这些问题还未得到根本遏制。下一 步，生态环境部将会同有关部门深化开展专项整治行动，严厉打击非法倾倒行为，加强固体废物从产生 到处置各环节执法监管，对那些主观恶意明显、环境危害严重的违法行为依法查处，对典型案件实施挂 牌管理，强化行政执法，形成高压震慑。 ...

Core Viewpoint - The State Council has issued the "Solid Waste Comprehensive Management Action Plan," emphasizing the importance of solid waste reduction, resource utilization, and harmless disposal as key measures for achieving a comprehensive green transformation in economic and social development [1] Group 1: Solid Waste Management Framework - The action plan aims to establish a comprehensive management system for solid waste that includes source reduction, process control, end-use, and harmless management throughout the entire chain [1] - The Ministry of Ecology and Environment will release the "Solid Waste Classification and Code Directory" in 2024, which will detail the types of solid waste, laying a foundation for enhanced environmental management [1] - A new version of the "Solid Waste Identification Standard" will be published in 2025 to address challenges in identifying by-products and the attributes of imported materials, providing precise criteria for scientific management and resource utilization [1] Group 2: Source Control and Reduction - Source control and reduction are fundamental strategies for solid waste management, especially given the large volume of waste generated during rapid industrialization and urbanization [2] - The action plan targets key areas such as industry, urban areas, and agriculture, proposing measures like the elimination of outdated production capacity and enhanced precision in industrial production management [2] - The plan aims to achieve a balance between economic and ecological benefits by focusing on immediate waste reduction and long-term transformation [2] Group 3: Resource Utilization - Resource utilization is identified as the core aspect of transforming waste into valuable resources, with significant achievements noted in the industrial sector [2] - By 2024, the comprehensive utilization rate of major solid waste is expected to reach 59%, with a replacement rate of over 50% for primary resources [2] - The action plan encourages the implementation of extended producer responsibility, promoting the recycling of electronic products, automobiles, and batteries, and supports the development of the remanufacturing industry [2] Group 4: Comprehensive Harmless Management - Comprehensive harmless management is crucial for maintaining ecological safety, with the action plan requiring pre-treatment of major industrial solid waste and the implementation of fly ash treatment in new waste incineration projects [3] - The plan addresses issues like illegal dumping and historical waste storage through five major special rectification initiatives, setting clear goals and deadlines for remediation [3] - The action plan aims to transform solid waste from a burden into green wealth through a series of actionable policies, requiring collaboration among government, enterprises, and society to sustain the effectiveness of solid waste management [3]

Core Viewpoint - The State Council has issued the "Solid Waste Comprehensive Management Action Plan," emphasizing the importance of solid waste reduction, resource utilization, and harmless treatment as essential measures for achieving a comprehensive green transformation in economic and social development [1]. Group 1: Solid Waste Management Framework - The action plan aims to establish a comprehensive management system for solid waste based on reduction, resource utilization, and harmless treatment, covering the entire process from generation to disposal [1]. - The Ministry of Ecology and Environment will release a "Solid Waste Classification and Code Directory" in 2024, which will detail the types of solid waste, laying a foundation for enhanced environmental management [1]. - A new "Solid Waste Identification Standard" will be published in 2025 to address challenges in identifying by-products and the attributes of imported materials, providing precise criteria for scientific management and resource utilization [1]. Group 2: Source Control and Resource Utilization - Source control and reduction are fundamental strategies for solid waste management, with the action plan targeting key areas such as industry, urban areas, and agriculture to eliminate outdated production capacity and enhance industrial production management [2]. - The comprehensive utilization rate of major solid waste in the industrial sector is projected to reach 59% by 2024, with a replacement rate for primary resources exceeding 50% [2]. - The action plan encourages the implementation of extended producer responsibility, promoting the recycling of electronic products, automobiles, and batteries, and supports the development of the remanufacturing industry [2]. Group 3: Comprehensive Harmless Management - The action plan emphasizes the need for comprehensive harmless management of solid waste, including pre-treatment of major industrial solid waste and the establishment of waste incineration projects with proper fly ash treatment [3]. - It addresses issues such as illegal dumping and historical waste storage through five major special rectification initiatives, setting clear goals and deadlines for remediation [3]. - The action plan aims to transform solid waste from a burden into green wealth through a combination of policies, requiring collaboration among government, enterprises, and society to ensure effective implementation and enhance ecological development advantages [3].

1月13日重点关注的财经要闻与资本市场大事： 1、国新办举行国务院政策例行吹风会，介绍《固体废物综合治理行动计划》有关情况 1月13日上午10时，国新办将举行国务院政策例行吹风会，国家发展改革委副主任周海兵、生态环境部 副部长李高和工业和信息化部、住房城乡建设部、农业农村部有关负责人介绍《固体废物综合治理行动 计划》有关情况，并答记者问。 2、国家卫生健康委将就时令节气与健康（小寒、大寒）有关情况举行发布会 1月13日下午3时，国家卫生健康委将召开新闻发布会，介绍时令节气与健康（小寒、大寒）有关情况， 并回答媒体提问。 （原标题：今日看点｜国新办举行国务院政策例行吹风会，介绍《固体废物综合治理行动计划》有关情 况） 1月13日，9家公司共发布9个股票回购相关进展。其中，4家公司首次披露股票回购预案，5家公司回购 方案已实施完毕。 从首次披露回购预案来看，当日共3家公司股票回购预案金额超千万。天益医疗、康比特、特瑞斯回购 预案金额最高，分别拟回购不超1.2亿元、5000.0万元、2000.0万元。从已完成回购来看，当日共4家公 司回购金额超千万。雅戈尔、理工能科、晓鸣股份已完成回购金额最高，分别回购8.98亿元 ...

Core Viewpoint - The State Council has issued the "Solid Waste Comprehensive Management Action Plan," emphasizing the importance of solid waste reduction, resource utilization, and harmless treatment as key measures for achieving a comprehensive green transformation in economic and social development [1]. Group 1: Action Plan Overview - The action plan aims to establish a comprehensive management system for solid waste based on the principles of reduction, resource utilization, and harmlessness, covering the entire process from generation to disposal [1]. - The Ministry of Ecology and Environment will release a detailed classification and coding directory for solid waste in 2024, laying the groundwork for enhanced environmental management [1]. - The plan provides a systematic guide to transform waste into resources, focusing on the entire lifecycle of solid waste rather than just end-of-pipe solutions [1]. Group 2: Source Control and Resource Utilization - Source control and reduction are fundamental strategies for solid waste management, with the plan targeting key sectors such as industry, urban areas, and agriculture for effective waste reduction [2]. - The comprehensive utilization rate of major solid waste in the industrial sector is projected to reach 59% by 2024, with a replacement rate for primary resources exceeding 50% [2]. - The plan encourages the implementation of extended producer responsibility systems and the development of the remanufacturing industry to enhance recycling levels [2]. Group 3: Full Chain Harmless Management - Full chain harmless management is crucial for maintaining ecological safety, with the plan requiring pre-treatment of major industrial solid waste and proper handling of hazardous materials [3]. - The action plan addresses illegal dumping and historical waste storage through five major special rectification initiatives, setting clear goals and deadlines for remediation [3]. - The plan aims to convert solid waste burdens into green wealth through a comprehensive policy approach, requiring collaboration among government, enterprises, and society to sustain the effectiveness of solid waste management [3].

期货研究院 碳酸锂期货日报 Lithium Carbonate Futures Daily Report 能源化工团队 | 作者： | 魏朝明 | | --- | --- | | 从业资格证号： | F3077171 | | 投资咨询证号： | Z0015738 | | 联系方式： | 010-68578971 | 下游需求淡季不淡带动碳酸锂价格连创新高，随着春节临近需求不 确定性增加；近两日仓单显著攀升，产业链上下游企业宜根据自身 风险管理需求，择机把握14万以上的冲高卖出套保机会。主力合约 下方支撑98000-100000，上方压力140000-150000。。 【氢氧化锂】 氢氧化锂价格较上周持续上行。锂盐厂及持货商挺价意愿依然较强 ，报价跟随碳酸锂价格保持高位。需求端来看，部分三元材料厂在 长协之外有小幅刚性采购需求，但受到长协签订进度影响，高位接 货意愿有限。短期预计氢氧化锂价格在碳酸锂期货及锂矿成本支撑 下，将延续高位态势。 投资咨询业务资格：京证监许可【2012】75号 成文时间：2026年01月08日星期四 更多精彩内容请关注方正中期官方微信 摘要 【碳酸锂】 现货方面，周三SMM电池级碳酸锂 ...

Core Viewpoint - In December, the CSI 300 index rose by 2.28%, while the public utility index fell by 2.46% and the environmental index decreased by 0.04%, with relative monthly returns of -4.74% and -2.32% respectively [2] Market Review - The public utility and environmental sectors ranked 27th and 19th among 31 primary industry categories in terms of growth [2] - Within the electricity sector, coal-fired power dropped by 5.17%, hydropower decreased by 3.08%, and new energy generation fell by 0.39% [2] - The water sector declined by 2.55%, and the gas sector saw a slight decrease of 0.18% [2] Important Events - The State Council issued the "Comprehensive Solid Waste Management Action Plan," aiming for significant improvements in solid waste management by 2030, including controlling historical waste stockpiles and increasing the annual comprehensive utilization of major solid waste to 4.5 billion tons [2] Investment Strategy - Public Utilities: - Coal and electricity prices are declining, maintaining reasonable profitability for coal-fired power; recommended companies include Huadian International and Shanghai Electric [4] - Continued government support for new energy development is expected to stabilize profitability; recommended companies include Longyuan Power and Three Gorges Energy [4] - Nuclear power companies are expected to maintain stable profitability; recommended companies include China National Nuclear Power and China General Nuclear Power [4] - High-dividend hydropower stocks are highlighted for their defensive attributes; recommended company is Yangtze Power [4] - Gas companies with capabilities in marine gas trade are recommended, such as Jiufeng Energy [4] - Companies advancing in clean energy equipment manufacturing, like Xizi Clean Energy, are also recommended [4] - Environmental Sector: - The water and waste incineration sectors are maturing, with improved free cash flow; recommended companies include China Everbright Environment and Shanghai Industrial Holdings [4] - The domestic scientific instrument market has significant potential for domestic substitution; recommended companies include Juguang Technology and Wanyi Technology [4] - The EU's SAF blending policy is expected to benefit the domestic waste oil recycling industry; recommended company is Shangaohuaneng [4] - The agricultural biomass power generation sector is seeing cost improvements due to falling straw prices; recommended company is Changqing Group [4]

Report Summary 1. Report Industry Investment Ratings No industry investment ratings are provided in the report 2. Core Views - **Carbonate Lithium**: The market is influenced by multiple factors. Policy support, geopolitical and market sentiment, downstream demand, and inventory factors drive prices up, but there are also negative factors such as short - term weakening of downstream demand and slower inventory depletion. The overall situation is "strong reality, strong expectation", and the operation strategy is to go long on dips [2][3][7] - **Industrial Silicon**: Affected by macro - sentiment, the market is in a state of supply - demand weakness in January. The inventory is at a three - year high, and it is expected to continue to fluctuate in the short term. The strategy is to view it as a short - term oscillation [15] - **Polysilicon**: The market has a situation of production exceeding demand in January, and the exchange has introduced regulatory measures. It is expected to oscillate at a high level in the short term, and the recommended strategy is to wait and see [18][21] 3. Summary by Industry Carbonate Lithium - **Market Trend**: The carbonate lithium futures rose by 6.12% to 137,940 yuan/ton [1] - **Positive Factors**: Policy support includes the 2026 new - energy vehicle trade - in policy and the "Solid Waste Comprehensive Management Action Plan". Geopolitical factors involve Venezuela and Mali. Downstream demand is boosted by price increases of downstream enterprises and production schedule adjustments of positive - electrode material enterprises. Inventory is low, creating a need for restocking [2][3][4] - **Negative Factors**: In January 2026, leading positive - electrode material factories had centralized maintenance, and in December 2025, new - energy vehicle wholesale decreased by 8% month - on - month. The depletion of social inventory has slowed down [7] - **Technical Analysis**: The market is dominated by bulls. There are trading opportunities with the "First K Breakthrough Method" and volume increase. The 5 - minute and 2 - hour cycles are strong, and the long - short demarcation line is 118,820 yuan/ton [7] - **Strategy Recommendation**: Go long on dips, and find entry points using the "First K Breakthrough Method" or "Three - Line Resonance Method" [7] - **Follow - up Focus**: The resumption of Jiangxi lithium projects, lithium concentrate imports, mine - related policies, new - energy vehicle sales, inventory changes, and geopolitical impacts on lithium supply [8][14] Industrial Silicon - **Market Trend**: The industrial silicon futures rose by 1.95% to 8,900 yuan/ton [10] - **Core Logic**: Affected by macro - sentiment, the market has a short - term supply contraction and cost support. The demand side is weak, and the inventory is at a three - year high, continuing the inventory accumulation pattern [15] - **Technical Analysis**: The overall position has increased significantly. The 5 - minute and 2 - hour cycles are strong, and the long - short demarcation line is 8,715 yuan/ton [15] - **Strategy Recommendation**: View it as a short - term oscillation and refer to the Band Winner indicator [15] - **Breakthrough Focus**: Upward breakthrough factors include supply contraction, storage policies, and cost increases. Downward breakthrough factors include new capacity release, downstream开工 rate decline, and electricity price reduction [16] Polysilicon - **Market Trend**: The polysilicon futures rose by 1.23% to 59,365 yuan/ton [18] - **Core Logic**: The quoted price of leading manufacturers is above 60 yuan/kg, but the demand is less than production, and inventory will continue to accumulate. Exchange regulatory measures may reduce capital inflow [18][21] - **Technical Analysis**: The market is rising with reduced positions and insufficient volume. The 5 - minute cycle is green - line, red - band, green - ladder, and the 2 - hour cycle is strong, with a long - short demarcation line of 56,500 yuan/ton [21] - **Strategy Recommendation**: Wait and see [21] - **Follow - up Focus**: The recovery of warehouse receipts [21]

Core Viewpoint - The State Council has issued the "Solid Waste Comprehensive Governance Action Plan," aiming for significant improvements in solid waste management by 2030, including a target of 4.5 billion tons of annual comprehensive utilization of major solid waste and 510 million tons of annual recycling of main renewable resources [1][4]. Group 1: Overall Requirements - The plan emphasizes a systematic approach to solid waste management, focusing on reduction, resource utilization, and harmless treatment, with a goal to effectively control historical solid waste stockpiles and curb illegal disposal practices by 2030 [4][3]. Group 2: Source Control and Reduction - The plan mandates strict source reduction of industrial solid waste, promoting green design and improved production processes to lower waste generation intensity [5][6]. - It also calls for the implementation of source control measures for urban solid waste, including the classification and reduction of construction waste [6][5]. Group 3: Standardized Collection, Transportation, and Storage - The plan requires the establishment of a standardized management system for industrial solid waste, including classification and tracking to prevent mixing and illegal disposal [7][6]. - It emphasizes the need for improved collection and transportation systems for urban solid waste, integrating recycling networks with waste collection points [7][6]. Group 4: Resource Utilization Enhancement - The plan aims to enhance the comprehensive utilization of major solid waste, including mining waste and construction debris, and to promote the recycling of agricultural waste [8][9]. - It encourages the development of a circular economy by improving the recycling of renewable resources and promoting the use of recycled materials in production [8][9]. Group 5: Increasing Harmless Treatment Capacity - The plan focuses on improving the harmless treatment of industrial solid waste and optimizing the structure of waste disposal methods, including the construction of incineration facilities [9][10]. - It also explores large-scale disposal channels for industrial solid waste, ensuring compliance with environmental standards [9][10]. Group 6: Implementation of Key Area Special Rectification - The plan outlines specific rectification efforts in areas such as illegal disposal, environmental hazards from landfills, and historical solid waste sites, aiming for the remediation of over 60% of historical waste sites by 2030 [10][11]. - It includes targeted actions for the comprehensive management of phosphogypsum, with specific timelines for remediation in various provinces by 2027 [12][11]. Group 7: Regulatory and Technical Framework - The plan emphasizes the need to improve legal frameworks and standards related to solid waste management, including the revision of existing laws and the establishment of new regulations [14][15]. - It also highlights the importance of technological innovation in solid waste recycling and pollution control [14][15]. Group 8: Policy Support - The plan calls for enhanced land use policies to support solid waste management projects and encourages financial support for resource recycling initiatives [15][16]. - It promotes the establishment of a reasonable pricing mechanism for waste management services to incentivize recycling and waste reduction [16][15]. Group 9: Strengthening Implementation Assurance - The plan stresses the importance of organizational leadership and accountability at all levels of government to ensure effective implementation of solid waste management strategies [17][16]. - It encourages public education and international cooperation to foster a culture of waste reduction and recycling [17][16].