Domestic News
1. The Fourth Session of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC) will open at 3:00 PM on March 4th at the Great Hall of the People and close on the morning of March 11th, lasting seven days.
2. Six departments, including the Ministry of Industry and Information Technology, issued guiding opinions on promoting the comprehensive utilization of photovoltaic modules.
3. Ministry of Foreign Affairs: Energy security is very important to the world economy, and China will take necessary measures to ensure its own energy security.
4. Ministry of Foreign Affairs: China urges all parties to immediately cease military operations, avoid escalating tensions, and safeguard the safety of navigation in the Strait of Hormuz.
5. Shanghai International Energy Exchange (INE) adjusted the daily price limits and margin requirements for crude oil and other futures contracts, and adjusted the trading limits for crude oil and other futures contracts.
6. Shanghai Futures Exchange (SHFE) adjusted the daily price limits and margin requirements for fuel oil futures contracts.
7. my country's total primary energy production exceeded 5 billion tons of standard coal equivalent for the first time. Non-fossil energy power generation continued to grow rapidly, while thermal power generation declined for the first time in ten years.
8. The People's Bank of China (PBOC) injected a net 50 billion yuan into the open market in February through open market operations. International News
1. Apple unveils MacBook Pro models equipped with new M5 Pro and M5 Max chips.
2. Spot gold plunges $300 intraday, falling below $5,000/ounce.
3. The currency market currently estimates a 40% probability of the European Central Bank raising interest rates before the end of the year, up from 25% earlier in the day.
4. Sources: Market volatility triggered by the US-Iran conflict increases the likelihood that the Bank of Japan will postpone raising interest rates later this month.
5. Energy Situation—① Brent crude oil hit $85/barrel for the first time since July 2024, rising over 9% intraday. ② Debris from an interceptor drone caused a fire at Fujairah, the UAE's main oil trading hub. ③ Iraqi officials: If oil tankers cannot navigate freely and reach loading ports, Iraq will be forced to cut production by more than 3 million barrels per day within days. ④ Data from the Intercontinental Exchange shows that the wholesale price of natural gas in the Netherlands surged by 36.7% in recent months, reaching €61 per megawatt-hour, the highest level since January 2023.
6. Iran Conflict—① Iran claims to have destroyed two US THAAD systems, and its missile force is "fully deployed"; Iran launched a second round of strikes against Oman, targeting the port of Duqm; local witnesses reported attacks on areas near the Iranian Assembly of Experts in Tehran, the institution responsible for electing the Supreme Leader. ② Israeli officials say Saudi Arabia plans to attack Iran. ③ Trump on Iran: They want to negotiate now, but it's too late. ④ The Israeli military claims airstrikes on the Iranian presidential palace and other "leadership buildings."
