Mysteel's Dinner: The Development and Reform Commission will launch a new policy to promote domestic demand for consumer finished oil prices or to meet the two consecutive declines

發(fā)布時(shí)間:[2019-8-17 16:27:14] 瀏覽量:3240次

Macro-information
The National Development and Reform Commission held a press conference on macroeconomic performance:
& GT; & GT; In July, CPI and PPI were in a moderate range, and prices are expected to remain stable for some time to come.
& GT; & GT; In response to the apparent increase in food prices, several provinces have issued temporary subsidies in a timely manner. We will promptly issue and implement the Action Plan for Promoting the Reasonable Growth of Income of Urban and Rural Residents(2019-2020), so as to increase the income of residents and increase their ability to consume.
& GT; & GT; From January to July, electricity consumption for the whole of China was 4.1 trillion kilowatt-hours, an increase of 4.6 % year-on-year. Among them, primary, secondary, tertiary and residential electricity consumption increased by 5.2 percent, 2.8 percent, 9.1 percent and 8.8 percent respectively, respectively, while tertiary and residential electricity consumption continued to grow rapidly.
○ Ministry of Finance: From January to July, corporate income tax totaled 3036.9 billion yuan, an increase of 4 % year-on-year. Individual income tax was 643.3 billion yuan, down 30.3 % year-on-year.
○ Foreign Exchange Bureau: In the second quarter, domestic financial institutions made a net outflow of 7.508 billion yuan to foreign direct investment, and foreign investors made a net inflow of 10.134 billion yuan to domestic financial institutions.
Central Bank: In July, the bond market issued 3.9 trillion yuan of various types of bonds; Inter-bank money market transactions totaled 90.6 trillion yuan, an increase of 17.23 % year-on-year, and an increase of 21.74 % over the previous month. The average monthly interest rate on interbank lending was 2.08 %, which was 38 basis points higher than the previous month.
The State Administration of Taxation, the Ministry of Finance and the General Administration of Customs decided to promote the pilot project of the general taxpayer qualification of value-added tax in the comprehensive bonded area.
<UNK> Hainan: From August 16th to the end of the year, it launched the "Action to Ensure the Sustainable and Healthy Development of the Economy of the Province, Ensure the Full Implementation of All Reform Policies", aimed at accelerating the development of kinetic energy transformation and accelerating the construction of free trade zones(Hong Kong).
031. Renminbi exchange rate: The central price of the renminbi against the US dollar was 7.0312, which was 44 basis points lower than the previous trading day.
<UNK> SHIBOR: overnight shibor reported 2.6650 %, an increase of 0.60 basis points; 7 days shibor reported 2.6730 %, a decrease of 0.50 basis points; Shibor reported 2.6660 % in three months, up 0.50 basis points.
Spot market

Futures stock market

Industry News
<UNK> Building materials trading volume: On August 16, Mysteel's daily trading volume of building materials for traders across the country was 194,800 tons, an increase of 20,500 tons from August 15.
<UNK> Iron ore turnover: On August 16th, the total number of iron ore deposits in the country's main port was 82,400 tons, a decrease of 31.79 % over the ring; The average daily turnover last week was 1.063 million tons, and the average daily turnover last month was 1.1289 million tons.
Mysteelshenyibing: Demand for steel in the off season is still erratic, and this week's fall in steel inventories eased pessimism, but the road to deconversion remains bumpy. It is expected that short-term steel prices will not rebound strongly, and there are still repeated shocks.
-Mysteel Research:
& GT; & GT; Sample of 230 independent focus companies: capacity utilization rate 74.66 %, a decrease of 0.84 %; The average daily output of 667,800 tons decreased by 7,500 tons; The coke inventory was 752,400 tons, a decrease of 55,400 tons; The total inventory of coking coal was 14,363,600 tons, an increase of 18,800 tons, and the average number of days available was 16.17 days, an increase of 0.20 days.
& GT; & GT; The iron ore inventory of 45 ports was 1,601.24, which was 249.51; The average daily total of 254.65 Hong Kong dropped 39.24.
& GT; & GT; The blast furnace operating rate of 247 steel mills was 81.07 %, and the ring was down by 1.63 %, an increase of 2.32 % year-on-year; The utilization rate of blast furnace ironmaking capacity was 82.25 %, the ring ratio increased by 0.21 %, the year-on-year increase was 3.1 %, the profit rate of steel mills was 78.14 %, the ring ratio was 6.48 %, and the average daily iron water output was 2.3002 million tons, and the ring ratio was increased by 0.66 million tons, a year-on-year increase of 86,600 tons.
Effect of production restriction on scrap steel demand:
& GT; & GT; Sichuan region: According to Mysteel's understanding, the inventory of the mainstream arc furnace factory in Sichuan is currently low, the consumption is also much lower than normal, and the cumulative consumption is reduced by 0.5-9 ,500 tons/day. Details & GT; & GT;
& GT; & GT; Shandong region: According to Mysteel's understanding, the daily reduction of waste steel usage in Shandong is 0.65-7 ,400 tons, mainly by reducing the use of waste steel in the converter. Details & GT; & GT;
<UNK> Hebei Bureau of Industry and Information Technology issued a production capacity replacement plan announcement:
& GT; & GT; Xingtai Iron and Steel Co., Ltd. plans to start construction of two new 1200 M3 blast furnaces with a production capacity of 2.26 million tons on May 31, 2019; 100t converter 2, production capacity 2.3 million tons.
& GT; & GT; Tangshan Guotang Iron and Steel Co., Ltd. plans to build a new coal cake volume of 67 cubic meters 16 * 18 holes of heat recovery Coke furnace, production capacity of 1.76 million tons.
○ Xuzhou Ecological Environment Bureau: Published the "Xuzhou City to Further Strengthen the Work Plan for the Prevention and Control of Air Pollution", and proposed that since August, We will examine the progress of major annual projects for the prevention and control of air pollution, such as the integration of thermal power, ultra-low emission transformation in the steel industry, rehabilitation of oil and gas recovery, replacement of low-VOCs, treatment of VoCs, and remote sensing monitoring of motor vehicles. Details & GT; & GT;
China Coal Transportation and Marketing Association: In July, the coal market was operating in a weak position. In the latter period, due to the increase in the overall supply capacity of the coal market and the sluggish demand, the downward pressure on the coal market has increased, but there are also some positive factors: safety and environmental protection inspections have increased; Uncertainty of extreme weather factors; Origin and port prices hang upside down, and there is a certain support for the coal market.
<UNK> Zhejiang: From August 15th to September 15th, the National Supervision and Inspection Team for the elimination of backwardness and the elimination of excess production capacity went to Zhejiang for supervision and inspection.
<UNK> Dongyang: The "Three-year Action Plan to Win the Battle of the Blue Sky" will prohibit the addition of new steel, coking, electrolytic aluminum, casting, cement and flat glass; We will step up efforts to eliminate backward production capacity and reduce overcapacity. Details & GT; & GT;
Tangshan: A month-long campaign will be launched in August to clean up highly polluting vehicles.
<UNK> Liaoyang Joint Steel: The first phase of the production capacity replacement upgrade project has been completed. At present, it has entered the equipment linkage commissioning phase and is expected to be officially put into operation in September.
Hanggang's shares: Net profit of 713 million yuan in 2019, a year-on-year decrease of 38.32 %; It is proposed to send 1.2 yuan for 10.
<UNK> Longzhong Information: According to calculations, it is expected that the domestic oil price adjustment on August 20 will be reduced by about 260 yuan/ton, and domestic refined oil will usher in two consecutive declines.
Downstream dynamics
10. Infrastructure investment: In July, the State Development and Reform Commission approved 12 fixed asset investment projects with a total investment of 70.5 billion yuan, of which 8 were approved and 4 were approved, mainly in transportation and energy industries.
<UNK> Chengdu: On August 16th, the second phase of Chengdu Rail Transit Line 19, the first phase of Line 13, the second phase of Line 17, the third phase of Line 10, and the third phase of Line 18 were announced at the same time.
<UNK> Yongzhou: On August 15th, Qiyang County held a signing ceremony for the integration of Guangdong, Hong Kong and Macao Dawan District to undertake industrial transfer conferences and "100 enterprises into the park". A total of 70 projects were signed, with a total investment of 12 billion yuan.
<UNK> Hunan: In 2019, 90 key investment projects for commercial and commercial circulation carriers were solicited, with a total investment of 145.396 billion yuan and a planned investment of 112.5 billion yuan.
10. The National Development and Reform Commission(NDRC): In early July, the NDRC issued the "Notice on the Requirements for the Registration of Applications for the Issuance of Foreign Debt by Real Estate Enterprises." This can not simply be regarded as tightening the issuance of debt, but as a regulatory measure.
○ Ministry of Housing and Construction: The publication of the "Code for the filing of online property contracts for housing transactions(trial)" requires that all localities should establish and improve the property inventory, and serve as the business basis for the implementation of the online registration of housing transactions.
10. Dongguan: Published the "Guidelines for Strengthening the Planning and Management of Residential Projects in Dongguan City." In addition to the construction of villas in residential projects, it is particularly proposed that low-rise and multi-storey houses are strictly prohibited from being constructed as villas.
<UNK> Jiangsu: On August 16, Suzhou City concentrated on 8 plots of land, with a total listing price of more than 11.608 billion yuan.
<UNK> According to media: On August 16th, Jiangling Group-Chang 'an Automobile-Aichi Automobile Joint Venture Joint Venture Launch Ceremony was officially held in Nanchang, Jiangxi Province. According to the contents of the agreement, Xinjiangling was reorganized by Echler Motors, Jiangling Group, and Chang 'an Automobile with a 50:25 %: 25 % share ratio.
-International Shipping Network: Taiwan Evergreen Shipping announced that it will invest 1.759 billion U.S. dollars to order and lease up to 11 23,000 TEU super-large container ships.

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Mysteel's Dinner: The Development and Reform Commission will launch a new policy to promote domestic demand for consumer finished oil prices or to meet the two consecutive declines