Industry: The worry about the imbalance between supply and demand still exists, and there is limited room for alumina futures to continue to fall. Since the intraday record of 5,540 yuan/ton on December 5, the main contract price of domestic alumina futures has started to fluctuate and fall, reaching a minimum of 5,077 yuan/ton on December 12, with the cumulative maximum decline exceeding 8%. According to industry insiders, the increase of alumina registered delivery brands and the sharp drop in overseas alumina spot quotations have led to the recent decline in alumina futures prices. Although the short-term news in the market is intertwined, the imbalance between supply and demand in the alumina market has not fundamentally improved, so there is limited room for the subsequent decline of alumina futures prices. (CSI)Yuanda Jinghua Securities upgraded the rating of Taiwan Optoelectronic Materials to Buy with a target price of 660 yuan NT.At least 27 people were killed when the Israeli army bombed the central part of the Gaza Strip. According to a report by the Palestinian News Agency on the 12th, at least 27 people were killed, including women and children, and dozens of others were injured when the Israeli army bombed the Nuseilet refugee camp in the central part of the Gaza Strip that night.
Australia's S&P/ASX200 index opened down 66.80 points, or 0.80%, at 8263.50 points on Friday, December 13th.Russia said it had cracked down on Ukrainian troops in many places, saying that the situation on the front line was tense. On the 12th local time, the Russian Defense Ministry reported that in the past day, Russian tactical aviation, missile troops, artillery, etc. had cracked down on the assembly areas of Ukrainian troops' effective forces and equipment and a production workshop of Ukrainian attack drones in 137 areas. In addition, Russian troops also controlled the "Zarija" settlement in Donetsk. According to the circular, the Russian armed forces continued to defeat the Ukrainian armed forces in Kursk, Russia, and regained control of the "New Ivanovka" settlement in Kursk. On the same day, the General Staff of the Ukrainian Armed Forces issued a war report, saying that as of that afternoon, there were 138 battles in the front line, and the situation on the front line remained tense, mainly in Kulahovo, Pokrovsk and Freimut-Fsk areas. The Ukrainian air force, missile units and artillery units destroyed many Russian military personnel assembly areas and control points. In the Kursk region, the Ukrainian army repelled nine Russian attacks.Economic Daily commentator's article: Keep prices at a reasonable level. The Economic Daily issued a document saying that it is foreseeable that the implementation of macro-policies will create a better monetary and financial environment for economic growth and price stability, and also help to accelerate the formation of a virtuous circle of mutual promotion of consumption and investment, and promote a higher level of dynamic balance between supply and demand. Price is the "thermometer" of macroeconomic operation, the "wind vane" of market allocation of resources, and the "baton" of micro-management. Too high or too low is not conducive to economic and social development. In the short term, the decline in price level will help reduce the burden on consumers. However, if the price level continues to run at a low level, enterprises will "increase their income without increasing their profits", and the "involution" competition will intensify, and the motivation for expanding investment will weaken, which will further reduce employment opportunities and slow down the growth of wage income. Too low a price level will also raise the real interest rate, which may inhibit economic activities.
Market News: New Zealand has put forward the reason to the United States that it hopes not to introduce new tariffs during Trump's administration.The yield of long-term US Treasury bonds rose by at least 7 basis points. Yellen auctioned 30-year US Treasury bonds at noon in new york, and the demand was weak. At the end of new york on Thursday (December 12), the yield of US 10-year benchmark Treasury bonds rose by 6.26 basis points, rising for the fourth consecutive trading day, reaching 4.3337% on the refresh day, approaching 4.3668% at the top of November 25, at 08:08 Beijing time (at the beginning of the Asia-Pacific session, Most of the day was on the rise, and there was a V-shaped reversal after the European Central Bank announced the interest rate cut at 21:15, after the US PPI data was released, and after the US stock market opened.KeyBanc keeps track of Salesforce Co., Ltd., with an over-rated rating and a target price of $440.