Steel City Morning News: July 18th Steel Business Reference

The night plate rebounded, the billet fell, and the steel price was weak. China's economy in the second half of the year: anti-risk, tempering domestic demand, and promoting reform; the central bank's continuous release of liquidity experts is expected to be lowered again in September; the second and third-tier property market will continue to tighten control; the IMF maintains global growth expectations next year; fresh water River Valley released its second quarter production and sales report for the 2018.

market

1. Market Quote: China Steel Network data shows that the average price of 20mm HRB335 rebar in 24 major markets nationwide is 4160 yuan/ton, down 11 yuan/ton from the previous trading day.

The average price of 4.75 hot-rolled coils in 24 major markets nationwide was 4,255 yuan/ton, down 4 yuan/ton from the previous trading day.

The average price of 14-20mm Puzhong board in 23 major markets nationwide was 4,350 yuan/ton, down 6 yuan/ton from the previous trading day.

Comments:

In June 2018, the average daily output of crude steel in the country was 2.673 million tons, an increase of 2.2%. Steel production in June was at the peak of the year, and the profit of steel mills was considerable. Even if there were environmentally limited production in some areas, the enthusiasm of steel mills was still high, and the overall capacity utilization rate further rebounded.

The off-season effect in July is further evident, and steel demand will remain weak. However, as Tangshan Steel Plant plans to start production in late July, stimulating the rebound of the futures market, last week's downstream purchases rebounded, and the off-season steel stocks declined, pushing steel prices to run stronger.

The latest news, since 12:00 on July 18th, at 12 o'clock on the 21st of the 21st, Tangshan City launched a heavy pollution weather level II emergency response (enhanced): the enterprise sintering machine, shaft furnace all stopped production;

Last week's positive news stimulated the volume of transactions, this week's demand has overdraft, the night rebounded, short-term steel prices fluctuated within a narrow range. Considering that supply and demand are weak in July, inventory pressure is not large, and steel prices are also limited. Once the Tangshan Steel Plant's production restriction policy is implemented, the futures may still be strong with the spot.

2, raw materials: Tangshan Pufang billet dropped 10 to 3680 yuan / ton; 62% Platts iron ore index reported 63.70 US dollars, up 1.11%.

3. Futures: The main force of the night disk thread is 3942 up 16; the main volume of the hot coil is 4038 up 5; the main iron ore is 467 up 3. The main coke harvest rose by 18.5 in 2014.5, and the main coking coal rose by 1144.

4. The stock market: The Shanghai Composite Index reported 2798.13 points, down 0.57%, with a turnover of 124.35 billion. The Shenzhen Stock Exchange Index was at 9288.16 points, down 0.35%, with a turnover of 184.645 billion. The GEM pointed to 1621.63 points, up 0.29%, with a turnover of 70.444 billion.

5. Exchange rate: The US dollar index rose. As of July 18, the US dollar index was 95.00. The central parity of the RMB against the US dollar was reported at 6.6821 yuan, down 63 basis points.

6, the outer plate: London metal shock, Lun copper fell 0.51%, reported 6160.5 US dollars / ton; Lun aluminum fell 1.5%, reported 2031.5 US dollars / ton; Lun Nickel fell 0.62%, reported 13545 US dollars / ton; Lun zinc rose 1.29%, Reported at $ 2,508 / ton.

7. WTI: Crude oil futures closed up 0.16 US dollars, up 0.24%, to 67.77 US dollars / barrel.

Macroscopic

1. The Chinese economy will look at the second half of the year: prevent risks, stimulate domestic demand, and promote reform. The focus of economic work in the second half of the year is to prevent risks, boost domestic demand, and accelerate reforms. Macroeconomic policies need to be adjusted and balanced between steady growth, structural adjustment and de-leverage, and strict regulation to cope with internal economic fluctuations and external environmental challenges.

2. The central bank's continuous release of liquidity experts is expected to be lowered again in September. Experts believe that in the short-term, with the central bank increasing the intensity of the open market, the short-term varieties of Shibor will be more limited. After the impact of fiscal tax payment has weakened this week, the interest rate of short-term varieties is expected to shift to the downside.

3. Development and Reform Commission: Strictly prevent debt-transfer and blood transfusion "zombie enterprises". As of the end of June this year, the amount of market-oriented debt-to-equity swaps reached 1,722 billion yuan, and the funds in place reached 346.9 billion yuan, involving 109 high-debt-quality enterprises with development prospects. From the contracted projects, the contracted projects of banks and their implementing agencies accounted for more than 80%, and the proportion of funds in place exceeded 70%. He said that it is necessary to focus on policies and mechanisms to prevent debt-transfer and blood transfusion "zombie enterprises."

4. The Ministry of Finance reported many cases of accountability for local government illegal and illegal debt guarantees. Announced the accountability cases of government illegal and illegal debt guarantees in Yunnan, Guangxi, Anhui, Ningbo and other places. Relevant local governments timely criticize illegal and illegal debt guarantee behaviors, which is of positive significance for preventing local debt risks.

5. The regulation of the second and third tier property market will continue to be strict. According to data released by the National Bureau of Statistics on July 17, the prices of commercial housing in the first-tier cities remained stable in June, and the effects of regulation and control began to appear; the second- and third-tier cities were affected by the talent wars and the monetary resettlement of the sheds, and the gains still existed. A number of industry insiders said that in the second half of the year, China's real estate regulation and control will remain in a strict situation to curb the irrational rise in housing prices.

6. Why are construction machinery hot in the off-season? There are two big pushers behind the industry. From the data performance point of view, excavator products are expected to increase by about 60% year-on-year, while cranes and concrete machinery increase by more than 100%.

7. The IMF maintains its global growth forecast for next year. The International Monetary Fund (IMF) released the World Economic Outlook report on the 16th. It is expected that the global growth rate this year and next year will be about 3.9%, which is the same as the forecast in April this year. However, the report reminds that the risk of economic growth is affected. Has increased.

8. Renminbi Internationalization Report 2018: Internationalization of the RMB must strengthen international coordination. Under the current "one multi-diversity" international currency pattern, the renminbi wants to break the international market's inertia and path dependence on the US dollar and the euro, and finally realize the monetary status that matches China's economic and trade status. It still needs to go through a long time. The tortuous historical process must be worked tirelessly. Facing the current changes in the world economic structure and currency pattern, strengthening international coordination of macroeconomic policies is an inevitable requirement for the internationalization of the RMB.

industry

1, 18 listed steel enterprises released the first half of 2018 performance forecast, 17 pre-increased, 1 reduced losses. Among the 33 listed steel companies, 18 have released performance forecasts for the first half of 2018, with a total profit of about 232.222-254.47 billion yuan. Among them, 17 were pre-increased and 1 was reduced. Among them, the net profit of the first half of the year exceeded 3 billion yuan, which was 3.492 billion yuan of Angang Steel, ranking first;

2. Hebei focuses on the top ten industries to promote international capacity cooperation. The Hebei Provincial Government has recently participated in the “One Belt and One Road” construction to promote the implementation of international capacity cooperation. It is clear that by 2020, the province’s overseas production capacity will reach 12 million tons, the cement production capacity will reach 4 million tons, and the glass production capacity will reach 5 million. Weight box.

3, Ma Steel's four steel rolling gas leak accident has caused 2 deaths (Report 3). At about 10:20 on July 17, 2018, during the replacement and overhaul operation of the nitrogen purge valve in the No. 3 converter of the No. 4 Rolling Mill of Maanshan Iron and Steel Co., Ltd., the gas leakage occurred due to the water seal check valve, resulting in surrounding maintenance and operation. Personnel poisoning. At present, 2 people have died after being rescued, and 8 people have been treated in hospital.

4. Angang has purchased more than 6.9 billion yuan in the smelting business of the parent company. Angang announced that it acquired the entire share capital of Anyang Iron and Steel Chaoyang from the controlling shareholder Anshan Group at a consideration of RMB 5.904 billion (approximately HK$6.934 billion).

5. Vale released its second quarter production and sales report for the 2018. Brazilian mining giant Vale released the second quarter production and sales report on the 16th local time in Rio de Janeiro. The report shows that despite the national truck driver strike in May, Vale's iron ore output in the second quarter of 2018 still reached 96.8 million tons, a record high in the same period.

6. BDI: The Baltic Dry Index rose 1.53% to 1721 points, achieving a five-day rise.

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