Guide reading
Night plate rose, billet rose, steel prices rose. Experts: a combination of measures to ensure the effective implementation of a sound and neutral monetary policy; housing sales growth significantly divides price pressures looming; EU-Japan signed an economic cooperation agreement to eliminate almost all tariffs; import coal restrictions have not eased power coal futures to a new high since the beginning of the year.
Market
1. Market quotations: Yanzhao Steel Network data show that the average price of 20 mm HRB400E rebar in 24 major markets is 4553 yuan / ton, 13 yuan / ton higher than the previous trading day.
The average price of 4.75 hot rolled coils in the 24 main markets of the country is 4282 yuan / ton, up 9 yuan / ton compared with the previous trading day.
The average price of 14-20mm central board in China's 23 main markets is 4398 yuan / ton, up 4 yuan / ton compared with the previous trading day.
Brief comment on Yanzhao steel net
Previous market by the "environmental protection site less than market expectations" pessimism, the steel price trend has shown a sharp decline, showing a weak trend of both quantity and price.
However, according to the action plan announced at present, environmental protection is still highly concerned by the government and the public, and air quality is still one of the important indicators of local governments.
As a result, there will be no substantial easing of peak-crossing intensity. In the coming months, due to the impact of peak-crossing production, steel supply will continue to show a tighter trend. With the advent of autumn and winter, the tide of price rises will appear again.
1, raw materials: Tangshan Pu billet increased 30 to 3880 yuan / ton; 62% Przewalski iron ore index 70.55 increased 1.55%.
2. Futures: Threads rose yesterday night, as of last night's close, rebar rose 0.75%, hot coil rose 0.92%, iron ore rose 1.18%, coke rose 3.56%, coke rose 0.04%.
3, the stock market: Shanghai composite index reported 2721.01 points, up 0.17%, turnover 110 billion 292 million. Shenzhen stock index reported 8046.39 points, down 0.18%, turnover of 121 billion 539 million. Gem index reported 1345.95 points, down 0.57%, and turnover was 35 billion 222 million.
4. Exchange Rate: US Dollar Index rose to 95.66 as of October 10, and RMB to US Dollar Intermediate Price to 6.9019, down 62 basis points.
Outside: London metal shock, Lun copper rose 1.59%, to $6,295 / ton; Lun aluminum fell 0.56%, to $2,056 / ton; Lun nickel rose 2.41%, to $12,970 / ton; Lun zinc rose 2.21%, to $2,697 / ton.
6, WTI: crude oil futures fell 0.01 US dollars, or 0.01%, at 74.69 US dollars / barrel.
Macro and micro
1, the central budget will invest 537 billion 600 million yuan this year to support the construction of environmental protection and other fields. "To give full play to the key role of investment in economic development is an important support for maintaining stable and healthy economic development and coping with the impact of external risks. It is also essential to satisfy people's demand for a better life, optimize the supply structure and promote consumption upgrading." Ning Ji Zhe, the deputy director of the national development and Reform Commission and director of the National Bureau of statistics, said recently.
2, take measures to ensure the effective implementation of a robust and neutral monetary policy. Since this year, various types of bond defaults have occurred frequently. As of the end of August, 46 bonds have defaulted in the domestic credit bond market, involving 23 issuers. The amount of default reached 47.61 billion yuan, which has reached a record high. Especially in the first half of the year, 401 credit bonds were cancelled (or postponed), totaling about $250 billion. Over the past two months, the policy side has been gradually adjusted from the previous excessive tightening, and the financial environment has also been slightly improved. However, the overall credit environment is still facing problems such as poor liquidity transmission and continuous bond defaults.
3, the annual completion of the tent reform and 90% of the monetization of resettlement will gradually exit. On October 8, the State Council executive meeting deployed to promote the transformation of shantytowns. The meeting pointed out that 5.34 million sets of shantytowns had been started nationwide from January to September this year, accounting for more than 92% of the annual tasks. The next step is to adjust and improve the monetary resettlement policy of shelter reform. The cities and counties with insufficient stock of commercial housing and high pressure of rising house prices should cancel the preferential policy of monetary resettlement as soon as possible. At the same time, we should scientifically determine the task of shelter reform in 2019, maintain the level of central financial subsidies will not be reduced, and orderly increase the issuance of special bonds for local government shelter reform.
4, housing enterprises sales growth significantly divided price pressure looming. Biguiyuan sales in September reached 36 billion 740 million yuan, an increase of 17.3% over August. In the first three quarters of this year, the park achieved sales of 415.58 billion yuan, far from the annual bottom-line target of 800 billion yuan, but still nearly 40% more than the same period last year.
5, the EU and Japan signed an economic cooperation agreement to cancel almost all tariffs. On July 17, Japan and the European Union signed an economic cooperation agreement in Tokyo in an attempt to counter U.S. President Trump's protectionism.
6, Turkey announced restrictions on foreign steel imports. Turkey has formally announced to the World Trade Organization (WTO) that it plans to implement steel import quotas from October 17 to protect the domestic steel industry.
Industry
1, River steel sales company to actively promote Yanshan direct supply of steel comprehensive cooperation. As of October 3, Hegang has provided 14,000 tons of miner's steel, medium plate, light rail, heavy rail and other types of steel for customers of Yanzhou Coal Industry Co., Ltd.
2, Hebei two steel enterprises have an accident. According to the website of Hebei Provincial Safety Supervision Bureau, two people were killed in recent accidents in Chengde Shengfeng Iron and Steel Co., Ltd. and Tangshan Zhengyuan Tube Co., Ltd.
3, take precautions ahead of the steel industry to become the "benchmark" of the old and new energy conversion. Since last year, Rizhao has focused on new technologies, new models, new concepts, new formats and new carriers, accelerated the transformation and upgrading of the iron and steel industry, strived to create a world-renowned and domestic leading advanced iron and steel manufacturing base, and established a "benchmark" for the transformation of new and old kinetic energy in the city.
4, restrictions on imported coal have not yet been relaxed. The main contract of steam coal futures rose 1.9% on the 9 day, hitting a new high since February. It is understood that recently held in Guangzhou Coal Import Conference of the six coastal provinces confirmed that coal imports will maintain "level control" by the end of this year. Analysts believe that this year's total coal imports will not exceed last year. In the first eight months of this year, China imported 19.92 million tons of coal, an increase of 27.86 million tons compared with the same period last year, which means that only 63.02 million tons of coal will be imported in the remaining four months of this year. According to the demand in previous years, there will be a supply gap of nearly 7 million tons per month.
5, the price of electrolytic manganese is rising. Since September, the market of electrolytic manganese has seen a slight rebound. Statistics show that the price of electrolytic manganese rose from 16.4 million yuan / ton in early September to 17.6 million yuan / ton, an increase of 7%. Short term is expected to rise to 18 thousand yuan / ton
