Cautious Stockpiling by Copper Enterprises Before Holiday, Focus on Finished Product Reserves

According to data from the National Bureau of Statistics (NBS), in January 2026, the national consumer price index (CPI) increased by 0.2% YoY. Specifically, urban areas saw a 0.2% rise, while rural areas increased by 0.1%; food prices declined by 0.7%, whereas non-food prices rose by 0.4%; prices for consumer goods went up by 0.3%, and prices for services increased by 0.1%.

State Grid Corporation of China has continuously optimized the operation mechanism of the inter-provincial electricity market, expanded the scale of medium and long-term inter-provincial transactions, enhanced transaction flexibility and response efficiency, and improved the utilization rate of cross-regional transmission channels in a coordinated manner, effectively promoting the optimal allocation and surplus-deficit adjustment of power resources across a broader scope. According to statistics from the Beijing Electricity Trading Center, State Grid's inter-provincial electricity trading volume in January reached 110.7 billion kWh, up 10.1% YoY.

In recent proposals for the 15th Five-Year Plan released by multiple regions, emerging industries and future industries have become key focuses for major economic provinces. Shandong has proposed implementing a future industry leadership plan to establish a full-chain support system from technology discovery to industrial cultivation. Guangdong has clarified that it will comprehensively promote mutual reinforcement between industry and science and technology, coordinating efforts to optimize and upgrade traditional industries, cultivate and strengthen emerging industries, and prospectively layout future industries.