macro

1. On December 25th, the offshore Chinese yuan rose above the "7" integer level against the US dollar, marking the first time in 15 months and reaching a high of 6.9985. At the same time, the onshore Chinese yuan is approaching the "7" level against the US dollar, hitting a 15 month high of 7.0053. Looking ahead to next year, the industry generally expects the RMB exchange rate to continue to appreciate, but there will be no unilateral trend.

2. Bank of Japan Governor Kazuo Ueda stated that salary growth is driving inflation steadily towards 2%, while real interest rates remain low. If the economic performance meets expectations, the central bank will continue to follow the path of interest rate hikes. Due to the reduced risk of US tariffs and a more resilient domestic economy, policy adjustments will support long-term growth.

3. On Thursday local time, the Central Bank of Egypt (CBE) announced a 100 basis point interest rate cut, lowering the benchmark interest rate to 20%.

chemical industry

1. Recently, the world's largest integrated green hydrogen ammonia methanol project was put into operation, with an annual output of 45000 tons of green hydrogen, 200000 tons of green ammonia, and green methanol, reducing carbon emissions by about 1.4 million tons annually, helping to scale up green methanol and decarbonize shipping.

2. The CIMC Green Energy Zhanjiang 50000 tons/year biomass gasification to produce green methanol demonstration project (the first mass-produced project in China) has recently been put into operation.

3. [Fluorite mine] Recently, the Information Office of the Government of the Inner Mongolia Autonomous Region held a press conference, saying that 152 kinds of minerals have been found in the region, of which 20 kinds of minerals such as coal, rare earth and fluorite rank first in the country, and 55 kinds of minerals such as molybdenum and crystalline graphite rank first in the country.

4. Starting from December 28th, Wanrun New Energy will carry out production reduction and maintenance on some of its lithium iron phosphate production lines according to the scheduled plan. This maintenance is expected to reduce the company's lithium iron phosphate production by 5000 tons to 20000 tons, and the expected maintenance period is one month.

5. As of 20251225, the inventory of fixed liquid alkali sample enterprises with a capacity of 200000 tons or more in their warehouses nationwide was 442200 tons (wet tons), a decrease of 4.83% month on month and an increase of 39.57% year-on-year.

6. On December 25th, the overall capacity utilization rate of soda ash this week was 81.65%, a decrease of 1.09% compared to last week; The production of soda ash was 711800 tons, a decrease of 1.32%.

7. On December 25th, Chinese soda ash companies shipped 772600 tons of soda ash this week, an increase of 7.85% compared to the previous week, with an overall soda ash shipment rate of 108.54%.

8. On December 25th, the total inventory of domestic soda ash manufacturers was 1.4385 million tons, a decrease of 61900 tons or 4.13% from Monday; Among them, the inventory of light soda ash is 735500 tons, and the inventory of heavy soda ash is 703000 tons.

9. The market has learned that the utilization rate of ethyl acetate production capacity this week was 52.05%, an increase of 1.27% compared to last week.