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Ice and snow tourism concept stocks strengthened in the short-term, with Inpais trading daily, Yuanlongyatu and Longjiang traffic rising.Zhuo Chuang Information: In December, the cost side kept moving down the soybean meal price or followed the seasonal decline law. According to Zhuo Chuang Information, looking back on the whole year of 2024, the center of gravity of soybean meal price showed a downward trend. In December, the price of Brazil's soybean premium was continuously lowered, and the spot price of soybean meal was further lowered under the pressure of the cost side. The problem of soybean customs clearance repeatedly traded in the market has limited impact on domestic supply, while the breeding end has started to slaughter one after another, which has a negative impact on the demand for soybean meal. Therefore, Zhuo Chuang Information predicts that the spot price of soybean meal may follow the seasonal law in December, showing a downward trend.For the second day in a row, the price of domestic gold ornaments rose by 10 yuan/gram compared with yesterday. The price of gold ornaments in many jewelry stores was 812 yuan/gram, while the price of gold ornaments in Zhou Shengsheng and Laomiao was slightly higher, 814 yuan/gram and 813 yuan/gram respectively.

South Korea's Minister of Planning and Finance, Choe Sang-mu, told Congress that the downside risks facing the economy are increasing.Morgan Asset Management: Trump's economic policy is generally beneficial to the US economy to maintain the "overweight" rating on US stocks and credit. Sheng Nan, global multi-asset strategist of Morgan Asset Management, said that it is expected that the economic policy of US President-elect Trump will be generally beneficial to the local economy, but the implementation order of specific policies will also determine the growth trajectory in the next two years. Sheng Nan mentioned that Trump pays more attention to deregulation and measures to boost finance by extending tax cuts, which will improve business confidence, open capital markets and accelerate growth and return on assets. However, if the focus is on immigration and tariff policies, the interruption of labor supply or trade may have negative consequences, inhibit economic growth and lead to asset market fluctuations. Sheng Nan believes that despite the above uncertainties, the US economy is expected to grow strongly next year, and the local GDP will not slow down to 2% until the fourth quarter of next year, so he maintains the "overweight" rating on US stocks and credit.Scott Richardson, Chief Operating Officer of Celanese, will be promoted to CEO. Celanese, a chemical company, announced on December 10th local time that Scott Richardson, the current Chief Operating Officer of Celanese, has been appointed as CEO since January 1st, 2025, and will join the board of directors of the company. Richardson will succeed Lori Ryerkerk, who will resign as president, CEO and Celanese director at the end of the year. Edward Galante has been elected as an independent director of Celanese since 2013, and he will be the chairman of Celanese board, which will take effect after Ryerkerk leaves office.

In the afternoon, the cultural media sector strengthened. Guangdong Media, vision china, Gravitation Media and Jishi Media strengthened. Tianlong Group rose by over 15%, while Palm Reading Technology and Xinhua Media rose rapidly.The price of gold jewelry has risen by 10 yuan/gram every day, and the price of gold jewelry has exceeded 810 yuan/gram. Chow Tai Fook's gold jewelry price is 812 yuan/gram today, compared with 802 yuan/gram yesterday, and it has risen by 10 yuan/gram every day. Today, the prices of gold jewelry in Zhou Shengsheng and Laomiao Gold also rose to 814 yuan/gram and 813 yuan/gram respectively.The seminar on the listing, cultivation and market of 2024 magnesium futures was held. According to the news of China Nonferrous Metals Industry Association Magnesium Branch, on December 10th, the seminar on the listing, cultivation and market of 2024 magnesium futures was successfully held in Yuncheng City, Shanxi Province. During the meeting, the leaders of major domestic magnesium smelting enterprises held a symposium, made an in-depth analysis of the current supply and demand of raw magnesium market, and put forward countermeasures. The meeting unanimously agreed to take three measures: first, magnesium smelting enterprises jointly reduce production to make the supply and demand reasonably match; Second, Yulin Magnesium Group continued to collect and store, alleviating the financial pressure on producers; The third is to explore the guiding price mechanism linked to aluminum, and establish a quotation and trading platform for raw magnesium as soon as possible to standardize market behavior. The above measures aim to restore the magnesium price to a reasonable price as soon as possible and keep it relatively stable for a long time, so that all links in the upstream and downstream of the industrial chain can obtain reasonable profits, dispel market doubts, stabilize market expectations, expand the industrial scale and boost the high-quality development of the industry.