1, stimulated by market rumors that China's January CPI year-on-year increase was lower than expected news, Monday stock index futures futures futures market once again released a large volume, the spot market all sectors stronger, the SSE index intraday breakthrough of 2,900 points, but before the close of the market fell back slightly, the volume of the two cities of Shanghai and Shenzhen exceeded 300 billion, the market momentum to do more obvious release.
2, this year's CPI data in January or will be lower than originally expected rumors to the market to bring positive do more information: one is the control policy or will not be increased, is conducive to improving the various funds on the Shanghai and Shenzhen markets in the future capital expectations; two is the resource stocks and other products prices are expected to rise is also becoming more optimistic.
3, weighting adjustments January CPI data or lower than expected
4, the media said the regulatory layer intends to pilot up the stock of second mortgage interest rates
5, the U.S. stock market closed mixed on Monday. Tensions in the Middle East led the North Sea Brent crude oil futures contract to a two-year high, and the energy sector generally climbed as a result. Wal-Mart's stock rating was downgraded, dragging the Dow down.
6, pay attention to today's release of macroeconomic data, especially inflation data is in line with or lower than expected, will be on the stock index run to form a clear positive.
Rubber:
1, after the price increase, facing increased policy pressure
2, SICOM 3 638, 20 575, 20 up slowed down, but the spread of the two kinds of rubber continues to widen, reflecting the market is now mainly speculative
3, January imports of 150,000 tons of natural rubber, a year-on-year decline of 14%
4, CPI and other data released today
5, the international market into the cut-off period, the history of mid-February after the basic shock market is mainly
Summary: SICOM 3 continued to rise, but 20 follow the limited, pay attention to the pullback, above the risk of increasing
Metals:
1, the LME copper turnover of 124,000 lots, spot three-month premium and discount B10.5, inventories increased by 5050 tons, write-off warehouse receipts increased by 300 tons to 9925 tons, aluminum turnover 233,000 lots, C21.0, inventories decreased by 4725 tons, write-off warehouse receipts increased by 48,500 tons, zinc spot three-month premium C20.5, lead spot three-month premium B12.5, inventories increased by 525 tons, write-off warehouse receipts increased by 2450 tons. Shanghai copper positions increased by 10,000 lots.
2, the previous trading day spot: today's Shanghai electrolytic copper quotes flat water to water 120 yuan / ton, flat water copper trading price 74150-74250 yuan / ton, rising water copper trading price 74250-74400 yuan / ton. The last trading day before the delivery of spot copper water trading, but because of the 1102 contract and 1103 contract spread in more than 600 yuan, triggering some holders to hold the goods wait and see. Because the difference between the near and far months nearly 2000 yuan, the market appeared to actively receive copper to get arbitrage. Market circulation is mainly domestic copper. Shanghai aluminum spot trading price of 16780-16810 yuan / ton, discount 20 yuan / ton - flat water, low iron aluminum 16860-16900 yuan / ton, Wuxi spot trading price of 16790-16810 yuan / ton. Today Shanghai aluminum futures month after the opening of the short jump back up quickly, after the pressure in the daily average below the consolidation, near the month of traders due to the exchange of cash out of goods actively, the current aluminum market supply, while the downstream and intermediary buying excitement downturn, the aluminum price to maintain a small discount, the market turnover is light. Today Shanghai zinc high shock, the spot market gradually recovered from the holiday atmosphere, No. 0 zinc trading at 18,800-18830 yuan / ton, the 1005 contract discount of 800 yuan / ton or so, the early plate is lower when there are transactions in the 18,780 yuan / ton price, No. 1 zinc trading price in the range of 18,700-18750 yuan / ton, the overall trading is more active, but to the majority of the traders to take delivery, downstream has not yet begun to resume production due to the exchange of goods positive, while downstream and intermediary buying pleasure is low, the market transaction is light. Downstream has not yet begun to resume production, take relatively little.
3, India's second-largest copper producer - India Aluminum Company Limited (Hindalco Industries), said copper prices rose on the domestic wire and cable industry demand for refined copper "adverse impact.
4, Rusal said a listed exchange-traded fund (ETF) backed by spot aluminum may soon be listed in the United Kingdom.
5, Britain's Weatherly said it had sold 20% of its expected 18-month copper production for hedging operations.
6, Escondida mine's 2010 copper production decreased by 1% to 1086,701 tons.
7, Kazakhstan's refined copper production in January was 29,713 tons, up 4.5% from a year earlier.
8, Russia intends to spend $3 billion to build a nickel smelter on Indonesia's Hamahra Island.
Conclusion: the trend of the metal is still very strong, but the rate of increase is large, the domestic consumption has not seen a clear start, chase up caution.
Steel:
1, the domestic construction steel market prices to maintain the momentum. Prices continue to rise mainly by steel prices and merchants love the support of the mentality. The main steel mills prices continue to rise, the price to promote. However, some areas are affected by inventory pressure. The current market overall mentality is still better, some merchants for the rest of February trend marked under caution, that the variables are large.
2, 2010 coking coal imports rose 37% to 47.27 million tons.
3, January exports of steel 3.12 million tons, an increase of 270,000 tons in December last year, compared with the same period last year, an increase of 8.2 percent. 68.97 million tons of iron ore imports in January, an increase of 10.89 million tons compared with December last year, an increase of 47.9 percent.
4, WISCO this year, 3.5 million tons of BHP Billiton ore offtake. JISCO "Twelfth Five-Year Plan" strives to reach a steel production capacity of more than 13 million tons. Cheng steel company took the lead in the domestic elimination of HRB335 rebar.
5, Southeast Asian steel prices continue to rise, compared with 9% before the Spring Festival.
6, Shanghai 3 rebar 4960 (+10), wire rod 4920 (+10), 4.75 hot rolled coil 4860 (-20), Qingdao 63% Indian ore wet tons 1350 (+10), Tangshan iron ore 1475 (0), Tangshan secondary metallurgical coke 2000 (+50)
Summary: the contradiction of rebar will be the rising costs and inventory After a sharp rise in the long and short contest.
Gold:
1, because the market is worried about the Egyptian riots may spread throughout the Arab world, gold prices rose, while silver prices rose 2%, benefiting from signs of economic improvement driven by strong industrial demand
2, the U.S. White House said the U.S. fiscal 2012 budget to start the $1.1 trillion deficit reduction program, a move that shows that the U.S. is starting to deal with the fiscal deficit, the dollar will benefit. The U.S. dollar will benefit from this.
3, the European Central Bank said the ECB will never be soft in dealing with inflation. Novotny's comments suggest that price pressures remain the focus of the ECB's attention.
4, the euro zone peripheral countries and German government bond yield spreads widened, the European debt problem back in view. In addition, some German lawmakers expressed opposition to expanding the size of the euro zone bailout fund, the prospect of the European debt problem is bleak.
5, SPDR gold ETF fund maintained at 1225.526 tons; Buckley silver ETF fund increased its holdings of 22.78 tons of silver to 10,411.23 tons. The NYSE platinum ETF fund remained at 452,000 ounces and the palladium ETF fund at 1,172,300 ounces.
6. U.S. 10-year Treasury yields were essentially unchanged; the gold-silver ratio continued to fall to 44.6. Shanghai gold futures were overvalued by $5 over London gold. The silver 1-year lending rate continues to be -0.04%, with silver still reflecting near-month appreciation. Gold's lending rate is 0.53%
7, UBS (UBS) said the market rumors that China's January consumer price index (CPI) will be lower than expected. If the rumors come true, the short term will weigh on gold.
Soybean oils and fats:
1, Dalian disk soybean futures follow the U.S. soybean consolidation, the funds do more enthusiasm remains high. Soybeans increased position 5972 hands, soybean meal increased position 31188 hands, soybean oil increased position 16438 hands, palm oil increased position 5932 hands, vegetable oil increased position 372 hands. Oil and fat in the former high near the pressure, too small spreads are not conducive to continue to move up. For soybean meal, feed enterprises have stocking demand, coupled with the late arrival of soybeans in Hong Kong than the small amount of the ring, the cost of arrivals and oil mills to reduce the start-up rate, soybean meal spot has been launched. Night CBOT soybean by the U.S. Department of Agriculture 2011 sowing area estimate is higher than the market expected, profit-taking plate prices under pressure.
2, according to the electronic disk at three o'clock in the afternoon prices, soybean spot crushing profit of -0.2%, imported soybean May crushing profit of -0.65, September crushing profit of 1.3%; January crushing profit of 4.5%. Soybean oil spot import loss of 421, soybean oil May loss of 233, soybean oil September loss of 38. Palm oil spot import loss of 1,145, May import loss of 479, September import loss of 233.
3, Guangzhou port palm oil spot quotes 10,150 (+0); Zhangjiagang factory four soybean oil spot quotes 10,650 (-50), the transaction is light; Zhangjiagang 43 degrees of Protein soybean meal spot offer 3600 (-40), 3500 a good deal; Nantong rapeseed oil spot offer 10300 (+0). Qingdao port imported soybean distribution price of 4350 (+0).
4, domestic port palm oil stocks 338 (+1.7) million tons, domestic port soybean stocks 6.287 (+14.1) million tons, palm oil and soybean inventory consumption ratio are relatively low.
5, Customs: China's imports of soybean 5.14 million tons in January, down 5.3% from a year earlier. China's January edible oil imports of 610,000 tons fell 23% from a year earlier.
6, lower than 200 yuan / ton of imported beans, processing enterprises hot favorite domestic beans.
7, Brazil's soybean harvest is advancing rapidly, but rainfall is expected to slow down the harvest progress. safras reported that the harvest is 4.9% complete, compared with 12% a year ago, the average is 6.3%.
8, the U.S. Department of Agriculture expects, the U.S. soybean acreage will increase to 78 million acres, production will increase from 3.329 billion bushels in 2010 to 3.355 billion bushels.
9, USDA: the latest week of U.S. soybean export inspection 3382.3, the market's forecast range of (3,000-4,200), compared with 4,403.8 last week, in 10,000 bushels.
10, the number of registered warehouse receipts are as follows: soybean oil 2561 lots (+0), soybean 0 lots (+0), soybean meal 4786 (+0), rapeseed oil 14588 (+0).
11, COFCO and other spot enterprises in soybean meal on the increase of short orders 6517 hands, in soybean oil on the increase of short orders 1791 hands, in soybean on the increase of short orders 1910 hands, in palm oil on the increase of short orders 604 hands, in rapeseed oil on the increase of short orders 600 hands.
12, the U.S. Commodity Fund sold 7,000 lots of soybeans, sold 3,000 lots of soybean oil, sold 1,000 lots of soybean meal, bought 3,000 lots of wheat, sold 7,000 lots of corn.
13, today, the Malaysian market closed.
Summary: Soybean uptrend is basically established. Recent signs that U.S. soybeans are under seasonal pressure (U.S. net sales of stale beans slowed sharply, CBOT soybeans March to July weakness, Brazilian soybean oil premium from positive to negative). If the pullback, it is a good opportunity to buy. Planting area of the fight is about to start, soybean relative to corn cotton underestimated, or lost area.
PTA:
1, crude oil WTI to 84.81 (-0.77); naphtha to 865 (-7), MX to 1048 (-5).
2, Asia PX to $1635 (-3), equivalent PTA cost 9772.36 yuan / ton.
3, spot domestic PTA to 11690 (-110), foreign Taiwan production 1462 (-8), the cost of imports of 12126.5 yuan / ton, internal and external spread -436.5.
4, PTA plant start rate of 99.0 (+0)%, downstream polyester start rate of 84.3 (-0)%.
5, Jiangsu and Zhejiang mainstream factories polyester filament production and sales are still low, most factories for 2-3%, some slightly higher 5-7%, individual better can barely do flat; short wire prices continue to rise 100 yuan, filament prices are stable.
6, China Textile City fabric market total turnover of 68 (+18) million meters, of which 56 (+15) million meters of chemical fiber fabric.
7, PTA inventory: PTA factory 0-4 days, polyester factory 10-20 days.
Summary: suppressed by high domestic inventories, crude oil WTI fell to a 2-month low, dragged downstream petrochemicals by its downstream products are also now slightly down, and PTA in the fundamentals of the upstream and downstream relatively smooth, the decline in space will not be too large, but after the recent crude oil plunge and the downstream demand recovery is slightly slow, so the PTA short-term will probably be oscillating to solidify the current price level is mainly.
Cotton:
1, 14 days of cotton spot prices in the main producing areas: 229 grade Xinjiang 30070 (+162), 328 grade Jiluyu 29666 (+267), the southeast coast 29815 (+299), the middle and lower reaches of the Yangtze River 29520 (+248), the inland northwest 29419 (+240).
2.14 China Cotton Price Index 29715(+136), Grade 1 31438(+169), Grade 2 30635(+99), Grade 4 29060(+75), Grade 5 27206(+200).
3, 14 summary transaction 12940 (+4240), order quantity 114220 (-3140), 1102 contract settlement price 32071 (-35), 1103 contract settlement price 32314 (-165), 1104 contract settlement price 32530 (-175).
4, 14 days Zheng cotton total transactions 957460 (+36258), total positions 451688 (+1068), 105 contract settlement price 32900 (-595), 109 contract settlement price 33345 (-785), 201 contract settlement price 29045 (-1050).
5, 14 imported cotton price index SM reported 220.92 cents (0), M reported 217.54 cents (0), SLM reported 214.51 cents (0). This day's pickup US CA M was at 221.19 cents/lb (0), port pickup price of 37,149 yuan/tonne under the sliding tariff (0), and 36,868 yuan/tonne discounted under the 1% tariff (0).
6, 14 U.S. cotton ICE 1103 contract settlement price of 186.05 U.S. cents (-3.92), 1105 contract settlement price of 183.06 U.S. cents (-2.5), 1107 contract settlement price of 176.54 U.S. cents (-3.75).
7, 14 U.S. cotton ICE stocks 169803 (+909).
8, 14 downstream yarn CYC32, JC40S, TC45S prices to 37900 (+500), 45800 (+400), 30970 (+300).
9, 14 China Textile City fabric market total turnover of 68 (+18) million meters, of which 12 (+3) million meters of cotton.
Summary: Domestic cotton spot prices rose, cotton yarn market sentiment rose steadily, few transactions, the market bullish expectations, buyers and sellers wait-and-see mood is strong. Long profit-taking ICE cotton plummeted; Zheng Cotton CF1109 yesterday's lack of power fell sharply, the short-term continuation of the possibility of retracement, but due to the fundamentals of the supply and demand situation has not undergone major changes in the demand for strong supply tension will still dominate the market, the medium and long term to see the rise will still be the main trend.
LLDPE:
1, LLDPE spot prices stabilized, the market has a gradual upward drive, futures will be slightly stagnant under the pressure of high water.
2, 7042 petrochemical ex-works average price of 11256 (+0), naphtha converted LLDPE production costs 10542 (-32).
3, spot market average price 11187 (-53). East China LLDPE spot price of 10800-11150, East China LLDPE Shanghai SECCO enterprise price 11500 (+0), Sinopec East China enterprise price 11000 (+0), PetroChina East China enterprise price 11300 (+0).
4, grand reported Southeast Asia imports of LLDPE China's main port price of 1410 (+0), equivalent import cost of 11,347, while easy to trade reported Northeast Asia LLDPE South Korea's imports of CFR main port average price of $ 1,455, equivalent import cost of 12,089 yuan / ton. East China imports of LLDPE prices of 10,900-11250 yuan / ton.
5, short-term fundamental support for crude oil will remain stable, the current short-term adjustment, the decline is limited.
6, the short-term downstream demand is weak, but the demand will gradually improve after the year, on the other hand, the spread between the period and the current price is once again open, the short-term adjustment is still in demand. The previous period has been basically adjusted in place, such as the expiration of the current spread returned to 500-600 line, will have a good buying value, the main wait and see whether the spot is up, the pattern of the big rise in the high level of chasing the rise need to be cautious operation.
PVC:
1, Southeast Asia PVC average price of 1041 U.S. dollars (+0), equivalent to domestic imports duty-paid price of 8434.
2, East China ethylene method average price of 8225 (+25), East China calcium carbide method average price of 7925 (+25).
3. The price difference between production and sales was 450 (+25).
4, Central China calcium carbide price of 3825 (+0), Northwest China calcium carbide price of 3350 (-100), the lower cost of calcium carbide method of production costs of manufacturers 7461.
5, calcium carbide method of PVC: East China market price of 7910-7920 for small plant sources, East China market price of 7920-7960 for large plant sources; vinyl method of PVC: the low end of vinyl material PVC East China Market price of 8050-8250, high-end vinyl PVC market price of 8240-8400 in East China.
6, driven by the futures market, spot PVC prices generally rose slightly, which is also a certain degree to the futures prices have been supported. But at the moment the spot market generally turnover is cold, there is no market, so spot prices continue to move up the space is not big. It is worth paying attention to although the downstream PVC offer has risen, but the northwest producing area calcium carbide prices yesterday or a slight loosening, down 100 yuan. The market should pay close attention to the trend of calcium carbide prices, if the downward adjustment, it means that the cost side of PVC support will weaken, the spot market price correction may be larger, and this will also dominate the futures price trend.
Fuel oil:
1, U.S. crude oil futures prices fell for the second consecutive session on Monday, due to high domestic inventories, and the upcoming release of last week's crude oil stockpiles are expected to be rising; but heating oil and gasoline rose by more than 2%. Brent crude oil rose by 2.14 U.S. dollars, touching a 28-month high, due to the tensions in Iran, Yemen, Algeria and Bahrain, warmed up which raised concerns about the situation spreading and creating instability in oil-producing countries, while European markets became more sensitive to supply disruptions.
2, U.S. natural gas futures prices rose slightly by 0.4% on Monday, as the market bought on the downside when prices fell to lows since last November.
3, Monday's London Brent crude (April) rose 16.2% (-2.35%, month-over-month) over U.S. WTI crude. the WTI crude next month to the current month's contract appreciation ratio of 3.98% (-0.17%, month-over-month); Brent spot month turned to a discount of 0.32% (month-over-month). Total WTI crude oil positions increased by 40.0k to 1.590m (record high) on Friday accompanied by a 1.3% drop in crude oil.
4, Monday Asia naphtha month-to-month spread 2 (-1) fell to 4-month low; crack spread -2.61 (-0.13) fell to 6-month low.
5. On Monday, South China Huangpu 180 depot was valued at RMB 4710/mt (+10); East China Shanghai 180 was valued at 4680 (+0), and Zhoushan market 4665 (+0).
6, Monday South China high sulfur residual oil estimated 4175 yuan per ton (+0); East China domestic 250 estimated 4550 (+0); Shandong slurry estimated 4150 (+0).
7, Whampoa spot than Shanghai fuel May discount 82 yuan (-2); on the futures warehouse receipts 544,000 tons (-500) in the history of the second highest point.
8, institutional views, for reference only:
Goldman Sachs report (January 11) extreme weather conditions led to a decline in U.S. demand while demand in Europe and China rose. At the same time, even if the rest of the U.S. inventory recovery to more normal levels, but the center of the oversupply and pressure on WTI oil prices. WTI crude oil futures prices are expected to rise to $105 a barrel by the end of 2011 and average $100 in 2011.
Summary: U.S. WTI crude futures fell on inventory concerns, while refined products and Brent crude both gained more than 2%. Asian naphtha crack spreads fell to 6-month lows. South China 180 up 10, East China 180 steady, Shandong slurry steady; Shanghai fuel oil futures positions at second-highest point in history; revisions to contract quality standards leading to old position write-offs will put further pressure on the fuel oil market in 2011. Goldman Sachs report (Jan. 11) expects crude oil futures prices to rise to $105 per barrel by the end of 2011, with an average price of $100 in 2011.
Sugar:
1: Liuzhou intermediaries quoted 7355 (-30) yuan; Liuzhou electronic trading 10024 contract closed at 7295 (-45) yuan / ton, 11054 contract closed at 7439 (-61) yuan / ton;
Liuzhou spot price of 1105 compared with the Zheng plate -9 (+34) yuan / ton, Kunming spot price of 1105 compared with the Zheng plate 1105 appreciation -149 (+69) yuan / ton; Liuzhou May - Zheng Sugar May = 75 (+3) yuan, Kunming May - Zheng Sugar May = -73 (+5) yuan;
Entering the consumption off-season, but production cuts are expected to exist, and low inventory in the sales area; recent rumors of dumping;
Last trading day registered warehouse receipts volume of 4580 (+635), the effective forecast of 503 ( -565);
2: as of the end of December, the country's cumulative sugar production of 2,942,200 tons, 4.5% lower than the same period last year; cumulative sugar sales of 1,690,400 tons, 6.01% lower than the same period last year; sales rate of 57.45%, compared with 58.14% in the same period last year;
3: The ICE raw sugar March contract fell 1.25% to close at 30.91 U.S. cents, Thai imports of sugar 0.5 (-0.2), duty-paid import price of 7669 yuan per ton, import loss of 314 (-55) yuan, Brazilian white sugar duty-paid import price of 7976 yuan per ton, import loss of 621 (-100) yuan, 0.35 (-1.5);
4: Egypt's sugar stocks can last until October, and is not affected by the recent events;
5: On the long side, Huatai added 4,651 lots, Wanda added 4,057 lots, COFCO added 1,594 lots, and Pearl River reduced its position by 9,937 lots; on the short side, COFCO added 2,600 lots;
6: the main producing areas will have cooling weather again from the 10th onwards, and the output of Guibei is afraid of being less than expected; the Guangxi Sugar Fair will be held on February 23, and the focus is on the market of the Sugar Fair;
Summary:
A: the foreign exchange market on the favorable reaction is tepid, further market to be confirmed by the Brazilian production of the new season;
B: the recent import losses narrowed, the sugar will be before the market may be along the trend of speculation, the height of the limited;
Corn:
1: North China's corn prices generally rose slightly, Dalian port flat price of 2,110 (+10) yuan, and the port of Jinzhou 2,110 (+10) yuan. Jinzhou port 2110 (+10) yuan, north-south port spread of 110 (+10) yuan / ton;
Dalian spot on the Lianpan 1105 contract appreciation -196 (-19) yuan / ton, Changchun spot on the Lianpan 1101 contract appreciation -386 (-29) yuan / ton; the Dalian Commodity Exchange corn warehouse receipts 1199 (+0);
February shipments CBOT corn duty-paid cost of 2714 (+0) yuan / ton, Shenzhen port price of 2220 (+20) yuan / ton;
DDGS national average price of 1735 (+0) yuan / ton, the national average price of corn protein powder 4505 (+75) yuan / ton;
Dalian Commodity Exchange 1105 contract and the JCCE 1104 contract delivery price difference between the designated warehouse in Dalian is 168 (+9) yuan / ton; Dashang 1109 contract and JCCE1108 contract Dalian designated warehouse delivery price spread of 169 (+19) yuan / ton.
2: USDA February monthly supply and demand report lowered Argentina's corn production by 6.38%, the overall ending stocks lower than market expectations;
3: Indonesia will import 2 million tons of corn this year, last year's estimated figure of 1.5 million tons;
4: CCSR storage prices are low, the fear of difficulty in completing the task, part of the traders to go along with the trend of price pressures; the provisional storage corn Auction threshold is high, close to the directional sales model, the price of the market guidance is reduced;
5: the long side, Bohai added 9779 hands, Yide added 9,363 hands, Lusheng added 5,701 hands; short side, Guotou added 6,483 hands, Galaxy added 3,115 hands; recent long and short sides in general to increase their positions;
Summary:
A: global corn Supply and demand tend to tighten;
B: spot prices follow the rise, Zheng plate is currently high capital premium;
Early indica rice:
1: recent local prices in Jiangxi climbed slightly, Jiangxi Jiujiang purchase price of 2,100 (+0) yuan, Changsha 2,140 (+0) yuan; Wuhu, Anhui, the wholesale market of rice quotes 2,000 (+0) yuan, Zhijiang City, Hubei, Grain Bureau quotes 2,160 (+0) yuan, Xinyu City Grain Bureau purchase price offer 2080 (+0) yuan, Jiangxi Jishui County Grain Bureau purchase price 2480 (+0) yuan;
Registered warehouse receipts 7,056 (-704), the effective forecast 239 (+54);
2: Japonica rice prices, Harbin 2780 (+0) yuan / ton, Jilin 2900 (+0) yuan / ton, Nanjing 2800 (+0) yuan/ton; middle and late rice prices, Changsha 2370 (+0) yuan/ton, Hefei 2150 (+0) yuan/ton, Jiujiang 2350 (+10) yuan/ton;
3: rice prices: the following are ex-factory prices, Changsha early indica rice 3240 (+0) yuan/ton, Jiujiang early indica rice 3320 (+0) yuan/ton, Wuhan early indica rice 3200 (+0) Changsha late indica rice 3640 (+0) yuan / ton, Jiujiang late indica rice 3620 (+0) yuan / ton, Wuhan late indica rice 3400 (+0) yuan / ton;
4: the national early indica rice stock is sufficient; 2011 production of third-class early indica rice minimum purchase price increased by 9 yuan to 102 yuan per 50 metric
5: the state of early indica rice stock is sufficient; the minimum purchase price of third-class early indica rice increased by 9 yuan to 102 yuan per 50 metric