Steel prices rise, heavy pollution emergency response activated in many places

China's foreign exchange reserves were $3,178.5 billion in November, up from $3,127.98 billion in the previous estimate of $3,150 billion.The General Administration of Customs: In the first 11 months, the total import and export value of China's goods trade reached 29.04 trillion yuan, up by 1.8 percent year-on-year.This was the third consecutive month of positive growth, after the first positive growth in the year from January to September.

China's exports rose 21.1% year on year in DOLLAR terms in November, against expectations of 12% growth and 11.4% from the previous reading.Central bank: 50 billion yuan 7-day reverse repurchase operation today.A total of 150 billion yuan of reverse repos will mature, and 300 billion yuan of MLF will mature.Looking ahead to 2021, it is expected that monetary policy will remain prudent, providing a more favorable financial environment for economic recovery.

Shanghai Interbank Offered rate: Overnight SHIBOR was at 1.3660 percent, up 28.00 basis points.7-day SHIBOR was at 2.1190%, up 0.30 basis points.Three-month SHIBOR was at 3.0760 per cent, down 0.70 basis points. Shanghai Municipal Health Commission: Starting from midnight on December 8, the residential area of Lane 450, Hangcheng Seventh Road, Zhuqiao Town, Pudong New Area will be changed from a medium-risk area to a low-risk area.By then, All of Shanghai will be in low-risk areas, and the city will continue to implement regular epidemic prevention and control measures.

Iron ore from 45 ports in China totaled 20.371,000 tons, a decrease of 1.674 million tons month-on-month.The total number of arrivals from the six ports in northern China was 9.831 million tons, down 1.129 million tons month-on-month.China's total 26-port to port volume was 1964.5 tons, down 1.092 million tons month-on-month. As of December 3, the total scrap inventory of 61 steel mills in China was 3.2539 million tons, up 219300 tons or 7.22% compared with last week, up 7.44% year on year;Turnover days: 12.8 days, with an increase of 0.4 days.

Billet resources in China in November: about 1.8747 million tons in North China, accounting for 73.10%, with a monthly decrease of 5.34%;Second, East China accounted for 13.65%, with a month-on-month increase of 21.70%.South China region 6.82%, basically flat month-on-month, other areas a small amount of output.Anhui Changjiang Iron & Steel Co., Ltd. overhauled 1 rebar production line and 1 coil screw production line on December 7, 2020. The overhaul time is expected to be 20 days.It is estimated that the rolling material output will be affected by 100,000 tons during maintenance.