货足价稳 2月15日，甘肃省兰州市城关区一大型商超，市民在选购生鲜食品。为保障春节市场供应，各地加大货 源储备，确保粮油、果蔬、肉类等量足价稳，节日市场红火有序。侯崇慧摄（中经视觉） 2月14日，广西壮族自治区梧州市万秀区一超市内货源充足，市民在采办年货。何华文摄（中经视觉） 2月13日，河南省南阳市新野县城郊乡张楼村，村民在田间抢收钢葱。王小军摄（中经视觉） 2月14日，山东省荣成市石岛管理区石岛新港口岸，工作人员在分拣帝王蟹。该口岸开通联检绿色通 道，保障生鲜货品安全高效入境，供应春节市场。李信君摄（中经视觉） 2月13日，位于江苏省南京市溧水区永阳工业园的南京布布食品有限公司，员工在赶制新鲜食品，保障 新春节日需求。朱红生摄（中经视觉） 市民在北京市大兴区一超市内选购蔬菜。本报记者赵晶摄 2月19日， 来源：经济日报 ...

Core Viewpoint - The document outlines the guidelines and measures for ensuring a safe, warm, and culturally enriching experience for the public during the 2026 New Year and Spring Festival, emphasizing social welfare, market supply, cultural activities, transportation safety, and emergency preparedness. Group 1: Social Welfare - Focus on addressing the urgent needs of vulnerable populations by implementing social assistance policies and ensuring timely distribution of aid [2] - Conduct special outreach activities for low-income individuals, the elderly, disabled persons, orphans, and other marginalized groups [2] - Strengthen measures to resolve wage arrears for migrant workers and ensure their rights are protected [2] Group 2: Market Supply - Monitor and optimize the supply of essential goods, including energy and food, to ensure stable prices and availability during the festival [3] - Implement initiatives to boost consumer spending, including promotional events and discounts on major goods [3] - Enhance transportation logistics to ensure smooth delivery of goods and services [3] Group 3: Cultural Activities - Promote local cultural heritage through various events such as concerts, theater performances, and traditional festivals [4] - Ensure public cultural institutions remain accessible and provide quality services to the community [4] - Develop innovative cultural tourism products to enhance visitor experiences [4] Group 4: Transportation Safety - Improve coordination for transportation during peak travel times, ensuring adequate capacity and safety measures [5] - Implement free passage policies for small vehicles during holidays and enhance service facilities along highways [5] - Conduct thorough inspections of transportation infrastructure to prevent accidents and ensure public safety [5] Group 5: Safety Production - Enforce strict safety regulations across various industries to prevent accidents and ensure compliance with safety standards [6] - Focus on fire safety measures, especially in high-risk areas, and conduct regular safety drills [6] - Prepare for natural disasters and ensure emergency response capabilities are in place [6] Group 6: Social Stability - Strengthen community engagement to address social conflicts and grievances effectively [8] - Maintain law and order by combating crime and ensuring public safety during the festive period [8] - Enhance security measures in crowded areas and during large public events [8] Group 7: Ethical Standards - Promote frugality and integrity during the festive season, discouraging extravagance and waste [9] - Enforce regulations against corruption and misconduct in public service [9] - Streamline administrative processes to reduce unnecessary burdens on local officials [9] Group 8: Emergency Preparedness - Ensure effective communication and rapid response capabilities for emergencies during the holiday period [10] - Maintain a state of readiness among emergency services to address any incidents promptly [10] - Guarantee that public services remain operational and efficient during the holidays [10] Group 9: Implementation - Emphasize the importance of political commitment and leadership in executing the outlined measures [11] - Ensure that all departments and units are aligned with the central directives for the holiday period [11]

Group 1 - The document outlines the guidelines for ensuring a joyful and safe celebration during the 2026 New Year and Spring Festival, emphasizing the importance of implementing the spirit of the 20th National Congress and subsequent plenary sessions of the Communist Party of China [1] Group 2 - Local governments are urged to provide support for vulnerable groups, including timely distribution of relief funds and enhanced assistance for the elderly, disabled, and children in difficult situations [2] - There is a focus on ensuring stable market supply, particularly in energy and essential goods, to maintain price stability and meet consumer needs during the holiday season [3] Group 3 - The document emphasizes the importance of cultural activities and community engagement, including various themed events and performances to enrich the spiritual and cultural life of the public [3] Group 4 - It highlights the need for safe and convenient travel arrangements, including enhanced transport capacity and safety measures during peak travel times [4] Group 5 - The document stresses the enforcement of safety production responsibilities and the need for thorough inspections in high-risk areas to prevent accidents [5] Group 6 - It calls for maintaining social stability through proactive measures to address conflicts and crime, ensuring public safety in crowded areas [6] Group 7 - The document encourages the promotion of traditional values and the rectification of undesirable customs, aiming to foster a culture of frugality and integrity [7] Group 8 - It outlines the necessity for emergency preparedness and effective response mechanisms to handle unexpected events during the holiday period [8]

Core Viewpoint - The International Energy Agency (IEA) Director stated that the current market supply is sufficient, but the organization is prepared to respond to any potential changes in the market [1] Group 1 - The IEA emphasizes that the current energy market has adequate supply levels [1] - The organization is proactively preparing for any future market fluctuations or disruptions [1]

1. Report Industry Investment Ratings No investment ratings are provided in the reports. 2. Core Views Oils and Fats - Palm oil futures may approach 4,000 ringgit. Domestic Dalian palm oil futures will likely range - bound with a chance of briefly rising to 8,200. [1] - CBOT soybean oil is boosted in the short - term but has limited upside. Domestic soybean oil fundamentals are deteriorating, and the spot basis will likely decline. [1] Meal - Due to the impact on Argentine soybeans and the rise of US soybeans, domestic meal prices follow. With sufficient supply expected, the basis of meal stabilizes, and the support for soybean meal at around 2,900 strengthens. [2] Livestock (Pigs) - Pig prices are expected to remain volatile. The 09 contract is below 14,000, with limited room for significant decline or sharp rise. [4][5] Corn - In the short - term, corn prices will fluctuate narrowly, while in the long - term, they are expected to rise. It is advisable to buy on dips. [8] Sugar - Brazilian sugar production in the early harvest is slow, but the 25/26 season is expected to be a bumper harvest. Domestic sugar supply is abundant, and prices are expected to remain volatile. [12] Cotton - Domestic cotton prices may range - bound after a short - term rise, and further increases depend on downstream improvement. [14] Eggs - National egg supply is sufficient, and prices may first fall and then rise slightly this week. [16] 3. Summary by Industry Oils and Fats - **Price Changes**: On May 21, compared with May 20, the spot price of palm oil in Guangdong decreased by 0.58%, and the spot price of soybean oil in Jiangsu decreased by 1.09%. [1] - **Spread Changes**: The soybean - palm oil spread in the spot market decreased by 4.65%, and the 09 - 01 soybean oil spread decreased by 42.86%. [1] Meal - **Price Changes**: The price of soybean meal futures (M2509) increased by 1.56%, and the price of rapeseed meal futures (RM2509) increased by 1.67%. [2] - **Spread Changes**: The 09 - 01 soybean meal spread increased by 3.03%, and the 09 - 01 rapeseed meal spread increased by 5.29%. [2] Livestock (Pigs) - **Price Changes**: The spot price of pigs in most regions decreased slightly, and the 09 contract price decreased by 0.29%. [4] - **Indicator Changes**: The daily slaughter volume decreased by 1.23%, and the self - breeding profit decreased by 4.35%. [4] Corn - **Price Changes**: Corn futures (2507) increased by 0.52%, and corn starch futures (2507) increased by 0.11%. [8] - **Indicator Changes**: The basis of corn decreased by 600.00%, and the north - south trade profit decreased by 166.67%. [8] Sugar - **Price Changes**: Sugar futures (2601) increased by 0.32%, and the spot price in Nanning increased by 0.08%. [12] - **Industry Data**: National sugar production increased by 11.63% year - on - year, and sales increased by 26.07%. [12] Cotton - **Price Changes**: Cotton futures (2509) increased by 0.34%, and the 3128B spot price in Xinjiang increased by 0.15%. [14] - **Industry Data**: Commercial inventory decreased by 8.0% month - on - month, and imports decreased by 14.3%. [14] Eggs - **Price Changes**: The 09 contract of eggs decreased by 0.32%, and the 06 contract decreased by 0.98%. [15] - **Indicator Changes**: The price of egg - laying chicks decreased by 1.19%, and the price of culled hens decreased by 0.57%. [15]