The State Administration for Market Regulation has deployed key tasks for 2026, emphasizing the need to continuously deepen fair competition governance, intensify efforts to eliminate administrative monopolies, strengthen anti-monopoly and unfair competition law enforcement, and thoroughly rectify "internal competition". Strengthen the normalized supervision of platform economy.
The State Council Tariff Commission has released the "2026 Tariff Adjustment Plan", which will be implemented from January 1, 2026. According to the plan, China will implement temporary import tax rates lower than the most favored nation tax rate for 935 goods. Tariffs on commodities such as steel, coal, copper, and aluminum have been announced. Details>>
On December 29th, some steel mills in Hebei Province reduced the price of wet quenched coke by 50 yuan/ton and dry quenched coke by 55 yuan/ton. The fourth round of coke price reduction will be implemented at midnight on January 1st, 2026.
The precious metal market is experiencing a 'Black Monday'. On Monday, spot silver in the New York market fell more than 11% during trading. Spot palladium fell by 17% at one point, spot platinum fell by 15%, and spot gold fell by over 5%. Domestic platinum and palladium both hit the limit down; Shanghai silver plunged in the late trading session, giving up all 10% intraday gains, and fell further by 8.74% in the evening session; Shanghai gold closed down nearly 1%, with a further 4% decline in overnight trading.
