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The Peoples Bank of China announced today that it conducted 204 billion yuan of 7-day reverse repurchase operations, with both the bid and winning bids amounting to 204 billion yuan. The operating rate was 1.40%, unchanged from the previous rate.On July 23, the National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) issued a notice regarding the "15th Five-Year Plan for Renewable Energy Development." The notice states that during the 15th Five-Year Plan period, the newly started offshore wind power capacity nationwide will be approximately 100 million kilowatts, reaching a cumulative installed capacity of over 100 million kilowatts by 2030. It also emphasizes the need to coordinate hydropower development with ecological protection, taking into account flood control, water supply, irrigation, and navigation needs, aiming to reach approximately 410 million kilowatts of conventional hydropower capacity nationwide by 2030. Furthermore, it prioritizes the development of distributed renewable energy in central and southern regions, promoting diversified development and intensive spatial utilization across multiple scenarios. During the 15th Five-Year Plan period, the newly installed capacity of distributed renewable energy nationwide will exceed 300 million kilowatts.The Bank of Japan announced that it will directly purchase ¥355 billion of 1-3 year Japanese government bonds, ¥335 billion of 5-10 year Japanese government bonds, and ¥100 billion of 10-25 year Japanese government bonds starting July 24.On July 23, futures market news: The SC crude oil main contract opened slightly higher, rising more than 3% intraday, reaching a new high since June 12. Cinda Futures stated that Wednesdays expectations for easing tensions failed to materialize, with Trump denying recent negotiations with Iran and threatening to expand military action, including a strike on the suspected nuclear facility at Mount Kailash, causing oil prices to record four consecutive days of gains. Currently, the market is still dominated by expectations of supply disruptions. While the Strait of Hormuz remains nominally open, the eleventh consecutive day of attacks continues to disrupt shipping from the Gulf. The Houthi threat to Saudi shipping in the Red Sea remains unresolved, and the Caspian Pipeline Union terminal in the Black Sea has been attacked again, presenting three risks simultaneously. If the attack expands to nuclear facilities, Iran has explicitly stated its intention to retaliate against the entire Gulfs energy infrastructure, thus increasing the risk of supply shortages. It is worth noting that the market has been overbought for several days with crowded positions; if negotiations resume, profit-taking could be equally severe. The EIAs unexpected 1.4 million barrel inventory buildup this week suggests that the near-term supply is not as tight as the premium suggests.On July 23, the National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) issued a notice regarding the "15th Five-Year Plan for Renewable Energy Development." The notice emphasizes promoting the integrated development of offshore wind power, including offshore photovoltaic power and ocean energy. It encourages the integration of offshore wind power with offshore oil and gas, seawater desalination, marine ranching, and seabed computing, and promotes the integrated construction of offshore wind power facilities for marine observation, ecological monitoring, and earthquake monitoring. The notice also explores the construction of offshore energy islands to create new models for the comprehensive development and efficient utilization of green energy at sea.

Trading Strategies

Just starting out? Begin your trading education with our Foundational Trading Knowledge course. Learn about a variety of markets like foreign exchange, commodities and equities and how they operate. Discover the right trading style for you and get to grips with key trading processes and market psychology.

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