February 17 Macroeconomic Index:The world's first carbon capture offshore production and storage ship was built in Shanghai, and China continues to promote green energy technology innovation

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International Crude Price Trend & Exchange Rate of RMB to USD Trend

Domestic News

1. The world's first offshore floating production and storage vessel with carbon capture function was completed in Shanghai

2. Zhongtai Securities: The pattern of short supply of petroleum coke has reappeared

3. The interest rate on 3-month personal dollar deposits was cut by more than 2.2 percentage points at the most, close to "halving"

4. The balance of broad money (M2) was 318.52 trillion yuan, a year-on-year increase of 7%

5. China Academy of Information and Communications Technology: Officially launched the localization adaptation evaluation of DeepSeek

 International News

1. U.S. Special Envoy for Ukraine: Russia-Ukraine conflict negotiations may focus on Russian territorial concessions and Russian oil revenues

2. IEA: Global electricity demand is expected to grow by 4% by 2027

3. Iranian President: In the event of an enemy attack, Iran can build new nuclear facilities

4. Kremlin: If Trump decides to come to Moscow for Victory Day, Putin will happily greet him

5. Japan Petroleum Association (PAJ): Japan's commercial crude oil inventories increased by 128,637 kiloliters from the previous week

Domestic News

1. The world's first offshore floating production and storage vessel with carbon capture function was completed in Shanghai

Recently, at the COSCO Shipping Heavy Industry Terminal in Shanghai, the world's first offshore floating production and storage vessel equipped with carbon capture and storage equipment was completed and is scheduled to be delivered by the end of this month. The vessel is 333 meters long and 60 meters wide, and can produce up to 120,000 barrels of crude oil per day. Its uniqueness lies in the fact that it not only captures carbon dioxide generated during navigation and production, but also uses wast gas heat to generate electricity, achieving the dual goals of environmental protection and energy saving. The application of this technology marks an important step forward in the field of offshore carbon capture in China. (Chinanews.com)

2. Zhongtai Securities: The pattern of short supply of petroleum coke has reappeared

Zhongtai Securities Research Report said that since September 2024, the rise in petroleum coke has continued, and it has shown signs of acceleration recently. The reasons are: the demand structure of petroleum coke is undergoing reshaping, and the proportion of pan-new energy has reached more than 15%; On the supply side, there is no plan to add delayed coking units in China in 2025, and the rigid production reduction caused by fuel oil tariff/tax rebate adjustments will lead to a shortage of petroleum coke. Zhongtai Securities judged that under the reversal of the supply and demand pattern, the prices of petroleum coke and prebaked anodes and other industrial chain varieties are expected to continue to rise, and may once again change the supply and demand pattern between all links of the electrolytic aluminum industry chain.

3. The interest rate on 3-month personal dollar deposits was cut by more than 2.2 percentage points at the most, close to "halving"

Recently, a number of banks have lowered their US dollar deposit rates. The interest rate on three-month personal dollar deposits was cut by more than 2.2 percentage points, close to "halving". The US dollar deposit rate is expected to show a slow downward trend. In the future, investors should pay more attention to the exchange rate risk and interest rate fluctuation risk of US dollar assets.

4. The balance of broad money (M2) was 318.52 trillion yuan, a year-on-year increase of 7%

At the end of January, the balance of broad money (M2) was 318.52 trillion yuan, a year-on-year increase of 7%. The stock of social financing was 415.2 trillion yuan, a year-on-year increase of 8%. The increase in the scale of social financing was 7.06 trillion yuan, 583.3 billion yuan more than the same period of last year, and the amount of RMB loans issued to the real economy increased by 5.22 trillion yuan, an increase of 379.3 billion yuan year-on-year.

5. China Academy of Information and Communications Technology: Officially launched the localization adaptation evaluation of DeepSeek

China Academy of Information and Communications Technology: Officially launched the localization adaptation evaluation of DeepSeek, aiming to provide a reference for the adaptation and deployment of DeepSeek series models in multiple hardware and scenarios. The first is to evaluate the adaptation effect of the model in software and hardware systems including hardware chips, computing equipment, and intelligent computing clusters; The second is to reflect the adaptation, ease of use, development and deployment cost of software stacks and tools in the process of software and hardware system adaptation of the model.

International News

1. U.S. Special Envoy for Ukraine: Russia-Ukraine conflict negotiations may focus on Russian territorial concessions and Russian oil revenues

U. S. special envoy for Ukraine Keith Kellogg said on Saturday that talks aimed at ending the conflict were likely to focus on Russia's territorial concessions and oil revenues against Russia. "Russia is indeed an oil country," Kellogg said at the Munich Security Conference. He also said that Western powers need to do more to effectively implement sanctions against Russia.

2. IEA: Global electricity demand is expected to grow by 4% by 2027

The International Energy Agency (IEA) said in a report on Friday that global electricity demand is expected to grow by 4% by 2027 and that the annual growth in global electricity demand is expected to exceed Japan's total consumption, but the expansion of low-emission energy sources should help offset the trend. Emerging and developing economies are expected to account for 85 percent of global demand growth, with China expected to account for more than half of the growth, with an annual growth rate of 6 percent through 2027, the report said. India is also expected to be a major contributor, accounting for 10% of global growth.

3. Iranian President: In the event of an enemy attack, Iran can build new nuclear facilities

Iranian President Manuel Pezeshkian said on Thursday that enemies may be able to strike Iran's nuclear centers, but they cannot deprive Iran of the ability to build new nuclear facilities. US media reported earlier that US intelligence believes that Israel may launch a preemptive strike against Iran's nuclear program in the middle of this year. "They threatened to strike at nuclear facilities ... If you (the enemy) attack 100 nuclear facilities, we will build 1,000... You can hit facilities such as buildings, but you can't hit builders," said Pezeshkian. In an interview on Monday, Mr. Trump mentioned the possibility of Israel striking Iran, saying he would prefer a deal with Iran to prevent it from acquiring nuclear weapons.

4. Kremlin: If Trump decides to come to Moscow for Victory Day, Putin will happily greet him

Russian presidential press secretary Peskov said that Moscow would happily welcome representatives of major powers who want to celebrate Victory Day with Russia, including US President Donald Trump. In an interview with Russia's First Channel, Peskov said: "President Putin has publicly stated that this is a very important day for us. Therefore, if countries, especially great powers, are willing to share with us the joy of this victory and the significance of this day, then we, especially President Putin, will welcome them to Moscow. Peskov was asked if Russia would happily welcome Trump in Moscow on May 9. He replied, "Of course he will be welcomed." (Sputnik)

5. Japan Petroleum Association (PAJ): Japan's commercial crude oil inventories increased by 128,637 kiloliters from the previous week

Japan's commercial crude inventories rose 128,637 kiloliters to 10,389,384 milliliters in the week ended Feb. 8 from the previous week. Japanese gasoline inventories fell by 68,680 kiloliters from the previous week to 1,734,105 kiloliters. Japanese kerosene inventories fell by 75,103 kiloliters from the previous week to 1,809,467 kiloliters. The Japanese refinery operating capacity (BPSD) utilization rate was 89.6%, compared to 88.3% in the previous week.

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