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2025-12-19 Friday

2025-12-19

10:12:44

[China Bulk Commodity Price Index Report (2025) Released: Overall Market Stable] Today (19th), the China Federation of Logistics and Purchasing released the "China Bulk Commodity Price Index Report (2025)" at the 2025 Bulk Commodity Internationalization Development Conference. Data shows that the bulk commodity market operated smoothly overall this year, with a clear shift from old to new growth drivers. The report indicates that the average value of China's bulk commodity price index in 2025 is expected to be 112.1 points, a decrease of 0.1% compared to the previous year. Among the 50 key bulk commodities monitored by the China Federation of Logistics and Purchasing, 10 commodities are expected to see price increases in 2025 compared to last year. Specifically, the average annual prices of praseodymium oxide, refined tin, and corrugated paper are expected to increase by 43.4%, 20.6%, and 18.5% respectively compared to the previous year. By industry, thanks to the rapid growth of high-tech manufacturing industries such as new energy, photovoltaics, and wind power, as well as high-end equipment manufacturing, the non-ferrous metals industry chain is expected to see an upward trend, with an estimated increase of 4.2% compared to 2024. The average agricultural product price index is projected to be 96.7 points, a 0.4% decrease from the previous year, indicating that the supply and demand of major agricultural products remain basically stable. Experts stated that the overall trend of commodity indices in 2025, showing a low start followed by a high finish and a stabilization and rebound, indicates that my country's economic structure is optimizing in a healthier and more sustainable direction. Looking ahead to 2026, the strong resilience of the Chinese economy and its huge domestic demand potential remain the most solid foundation for the commodity market. (CCTV)

09:44:57

[National Development and Reform Commission: Deepening the Implementation of Major Regional Strategies] The Department of Regional Coordination and Development of the National Development and Reform Commission (NDRC) published an article entitled "Continuously and Deeply Promoting Coordinated Regional Development," which points out the need to deepen the implementation of major regional strategies. This includes adhering to a two-pronged approach of outward relocation and internal functional restructuring to promote a closer coordinated development pattern in the Beijing-Tianjin-Hebei region, advancing the construction of Xiong'an New Area into a modern city with high standards and quality, and enhancing the comprehensive service functions of Beijing's sub-center. The article also emphasizes using Shanghai's "five centers" construction as a driving force to promote the integrated development of the Yangtze River Delta, acting as a pioneer in technological and industrial innovation, and collaboratively promoting leading institutional opening-up. It further highlights the pioneering role of cooperation platforms such as Hengqin, Qianhai, Nansha, and the Hetao region to drive market integration in the Guangdong-Hong Kong-Macao Greater Bay Area. The article also emphasizes continuously strengthening pollution control in key areas of the Yangtze River Economic Belt, resolutely implementing the ten-year fishing ban on the Yangtze River, and improving the centralized collection and treatment level of domestic sewage in cities along the river. Finally, it calls for systematically promoting water conservation in the upper reaches of the Yellow River, soil and water conservation in the middle reaches, and wetland protection and ecological governance in the lower reaches. (NDRC)

09:31:01

[National Development and Reform Commission: Promote the construction of high-speed railways along the coast and rivers, and further implement projects such as the East-to-West Data Transfer and West-to-East Gas Pipeline] The Regional Coordination and Development Department of the National Development and Reform Commission published an article entitled "Continuously and Deeply Promoting Regional Coordinated Development," which points out the need to promote coordinated regional development. This includes strengthening regional infrastructure connectivity, promoting the construction of cross-regional and cross-basin transportation corridors, advancing the construction of high-speed railways along the coast and rivers, and further implementing projects such as the East-to-West Data Transfer and West-to-East Gas Pipeline. The article also emphasizes leveraging the supporting and driving role of cross-regional connecting regions, supporting adjacent provincial regions such as Jiangsu, Anhui, Shandong, and Henan to take the lead in exploring mechanisms for project docking and policy linkage, accelerating the promotion and implementation of institutional innovation experiences from the Yangtze River Delta Ecological Green Integrated Development Demonstration Zone, and forming distinctive cross-regional collaborative development models. Furthermore, the article calls for innovating cross-regional industrial cooperation mechanisms and building high-quality national-level new areas, industrial cooperation parks, and border and port industrial parks. Finally, it emphasizes leveraging the advantages of river basin elements and internal connectivity to actively expand river basin economic models.

09:27:45

The yen hovered near recent lows as markets awaited the Bank of Japan's interest rate decision. 1. The yen traded in a narrow range near recent lows on Friday, with the USD/JPY pair currently at 155.76, not far from the ten-month low of 157.90 reached in November. Traders are closely watching whether the Bank of Japan's meeting will further confirm its path of continued interest rate hikes next year. The euro weakened slightly after the European Central Bank did not signal a rate hike. 2. Following hints from Bank of Japan Governor Kazuo Ueda earlier this month, investors almost unanimously expect the central bank to raise interest rates by 25 basis points to 0.75% later on Friday. Market focus will shift to his tone and outlook for future policy. 3. According to sources, the Bank of Japan will not release its latest estimate of the neutral interest rate this time, nor will it use it as its primary communication tool. Instead, it will rely on Ueda to outline the interest rate path at a press conference (14:30 Beijing time). 4. Yuxuan Tang, Global Market Strategist at JPMorgan Private Bank, stated, "We expect a rate hike; fundamentally, it's long overdue. However, this move is unlikely to trigger a significant rebound in the yen. The message from the authorities may indicate that the next rate hike is still some time away. Nevertheless, if the rate is unexpectedly kept unchanged, the USD/JPY exchange rate could surge, potentially leading to a market confidence crisis and forcing the authorities to intervene directly to stabilize the yen."

09:02:49

[Bank of Japan May Raise Interest Rates Further, Potentially Hitting Nearly 30-Year High] 1. The market widely expects the Bank of Japan to raise interest rates at its monetary policy meeting ending on Friday, increasing the policy rate from the current 0.5% to 0.75%. If this prediction comes true, it will be the Bank of Japan's first rate hike since January of this year, bringing interest rates to their highest level since 1995. 2. This rate hike is seen as another key step by the Bank of Japan in normalizing its monetary policy. Although the adjusted interest rate remains low globally, it signifies that the country is gradually moving away from its long-standing ultra-loose policy environment. Market focus will be on the press conference held by Bank of Japan Governor Kazuo Ueda after the decision is announced, to assess the pace and magnitude of future rate hikes. 3. The main background to this policy adjustment is persistent inflation above the 2% target level and a stabilizing wage growth outlook. The Bank of Japan policymakers believe that these two factors will jointly support sustained inflation stability near the target. In addition, recent fluctuations in the yen exchange rate have exacerbated policymakers' concerns about imported inflation, thus reinforcing the necessity of a rate hike. 4. Most economists believe that after this rate hike, the Bank of Japan's policy rate will be closer to its "neutral" economic forecast range. The market expects the central bank not to update its assessment of the neutral interest rate at this meeting, but Kazuo Ueda may reiterate that the central bank is prepared to continue adjusting policy in the future, while avoiding commitments regarding specific timing and magnitude. 5. Surveys show that the market expects the Bank of Japan to raise interest rates to at least 1% by the end of September 2026. Future policy direction will depend closely on the strength of the economic recovery, the sustainability of wage growth, and the evolution of the inflation outlook.

08:45:55

Iron ore inventories at 45 ports in China as of the week ending December 18

Previous : 15431.42 Forecast : -

Published Value 15512.63

Previous

08:30:44

Australia's annual rate of private sector loans in November

Previous : 7.30% Forecast : -

Published Value 7.40%

Previous

08:30:13

The monthly rate of private enterprise loans in Australia in November

Previous : 0.70% Forecast : 0.60%

Published Value 0.60%

Previous

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Real-Time Popular Commodities

Instrument Current Price Change

XAU

4318.34

-14.27

(-0.33%)

XAG

65.082

-0.380

(-0.58%)

CONC

55.89

-0.11

(-0.20%)

OILC

59.70

-0.02

(-0.04%)

USD

98.523

0.084

(0.08%)

EURUSD

1.1719

-0.0003

(-0.03%)

GBPUSD

1.3376

-0.0003

(-0.02%)

USDCNH

7.0370

0.0058

(0.08%)