The existing production reduction agreement will expire at the end of March. If the OPEC + organization only postponed the meeting to June and did not extend the production reduction period at the same time, there may be an excess of crude oil supply in the second quarter.
The main problems reflected include: 3 standardized operations and 2 system problems.
The People's Bank of China, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission jointly issued the "Opinions on Supporting the Iron and Steel and Coal Industry to Resolve Production Capacity and Achieve Out-of-Poverty Development" (hereinafter referred to as "Opinions"). Only one week after the Development and Reform Commission said last week that eight supporting documents for coal and steel capacity reduction were being issued, the fourth supporting document was released at a rapid pace.
We don't think the rise is due to a sustainable change in fundamentals
Global copper supply is expected to be 150,000 tons in 2016
There will be no comprehensive and sustained rise in agricultural product prices
China's demand outlook improves, US dollar weakens and supply is showing signs of tightening
Red alert issued saying commodities may be "stomp" down
Comment on the price of coal floor: no one called the ceiling price