News
What will happen to the steel price when the good news comes down?
On the 7th, the central bank issued a "lowering" news, which is widely expected to benefit the real economy and increase market liquidity. Stimulated by this news, steel night market continued to rebound during the operation period, in addition, Tangshan billet rose 10 to 3850 yuan / ton (including tax leave), the steel varieties showed a steady upward trend.
Futures: continued rebound in the medium term is still facing a sell-off.
Yesterday's main steel contract closed at 3971 yuan per ton, or 0.74%, slightly increased. At present, the price of steel has entered a pattern of short-term rebound, but medium term pressure. Night opening continued, from the daily chart, the possibility of upside or downside is quite the same, from the chart can not see long or weak or strong, the trend is a rebound after the fall, the rebound time and space needs to be further observed, and futures investors are not recommended to chase high here.
News: reducing the financing pressure of SMEs.
Yesterday, the central bank suddenly released the heavy news of the drop in the social media.
The People's Bank of China has decided to reduce the reserve ratio of RMB deposits of large commercial banks, joint-stock commercial banks, urban commercial banks, non-county rural commercial banks and foreign banks by 1 percentage point from October 15, 2018, and the medium-term lending facility (MLF) due on that day will not be renewed. In addition to this part, RR can release additional funds of about 750 billion yuan.
It is generally believed that reducing the statutory reserve requirement ratio at this time can further increase the stability of the banking system funds, reduce the cost of bank funds, and thus reduce the cost of enterprise financing. At the same time, the release of about 750 billion yuan of incremental funds can increase the financial institutions to support small and micro enterprises, private enterprises and innovative enterprises, and promote economic innovation vitality and resilience.
Generally speaking, the reduction can be simply interpreted as the increase in the amount of money that banks can lend. For SMEs suffering from financing difficulties and high financing costs, it is undoubtedly good news that they can borrow money through formal channels. For improving the living environment of small and medium-sized enterprises, and then improve the driving force of economic growth, promote the healthy development of the real economy.
Hebei: the most stringent emission standards for air pollutants will be implemented
It is understood that the "ultra-low emission standards of air pollutants in iron and steel industry" and "ultra-low emission standards of air pollutants in coking and chemical industry" in Hebei Province will be implemented on January 1, 2019. The emission limits of air pollutants in the two industries will reach the most stringent level of the current standards at home and abroad.
According to the Ultra-low Emission Standard for Air Pollutants from Iron and Steel Industry, the flue gas from sintering head (pellet roasting) is 10 mg/cubic m, 35 mg/cubic m and 50 mg/cubic m of particulate matter, sulfur dioxide and nitrogen oxides, respectively, under 16% of the baseline oxygen content.
The emission limits for particulate matter, sulphur dioxide and nitrogen oxides from other processes are 10 mg/cubic metre, 50 mg/cubic metre and 150 mg/cubic metre, respectively. The above emission limits are far below the special emission limits for atmospheric pollutants of 40 mg/cubic metre, 180 mg/cubic metre and 300 mg/cubic metre in the relevant national standards.
The "Ultra-low Emission Standard for Air Pollutants from Coking Chemical Industry" is the first local emission standard for air pollutants from coking chemical industry in China. The emission control of particulate matter from various coking processes has been tightened. The emission limit of particulate matter is 10 mg/cubic meter.
The emission limits of particulate matter, sulphur dioxide and nitrogen oxides are 10 mg/cubic metre, 30 mg/cubic metre and 130 mg/cubic metre, respectively, at a baseline oxygen content of 8%. The above emission limits are also lower than the special emission limits for atmospheric pollutants of 15 mg/cubic metre, 30 mg/cubic metre and 150 mg/cubic metre in the relevant national standards.
Both of the above standards stipulate that existing enterprises shall be implemented as of October 1, 2020 and new enterprises shall be implemented as of January 1, 2019.
Future market forecast
Steel prices before the festival due to weakening demand led to a continuous decline, it seems that there is indeed a rebound in technical demand, especially with the release of good news for the continued decline of steel prices also played a certain role in boosting, but the improvement of policy and information is only external factors, the specific rise and fall in steel costs will depend on The contradiction between supply and demand will continue to maintain a rebound trend in the near future. (source: China steel net)
Futures: continued rebound in the medium term is still facing a sell-off.
Yesterday's main steel contract closed at 3971 yuan per ton, or 0.74%, slightly increased. At present, the price of steel has entered a pattern of short-term rebound, but medium term pressure. Night opening continued, from the daily chart, the possibility of upside or downside is quite the same, from the chart can not see long or weak or strong, the trend is a rebound after the fall, the rebound time and space needs to be further observed, and futures investors are not recommended to chase high here.
News: reducing the financing pressure of SMEs.
Yesterday, the central bank suddenly released the heavy news of the drop in the social media.
The People's Bank of China has decided to reduce the reserve ratio of RMB deposits of large commercial banks, joint-stock commercial banks, urban commercial banks, non-county rural commercial banks and foreign banks by 1 percentage point from October 15, 2018, and the medium-term lending facility (MLF) due on that day will not be renewed. In addition to this part, RR can release additional funds of about 750 billion yuan.
It is generally believed that reducing the statutory reserve requirement ratio at this time can further increase the stability of the banking system funds, reduce the cost of bank funds, and thus reduce the cost of enterprise financing. At the same time, the release of about 750 billion yuan of incremental funds can increase the financial institutions to support small and micro enterprises, private enterprises and innovative enterprises, and promote economic innovation vitality and resilience.
Generally speaking, the reduction can be simply interpreted as the increase in the amount of money that banks can lend. For SMEs suffering from financing difficulties and high financing costs, it is undoubtedly good news that they can borrow money through formal channels. For improving the living environment of small and medium-sized enterprises, and then improve the driving force of economic growth, promote the healthy development of the real economy.
Hebei: the most stringent emission standards for air pollutants will be implemented
It is understood that the "ultra-low emission standards of air pollutants in iron and steel industry" and "ultra-low emission standards of air pollutants in coking and chemical industry" in Hebei Province will be implemented on January 1, 2019. The emission limits of air pollutants in the two industries will reach the most stringent level of the current standards at home and abroad.
According to the Ultra-low Emission Standard for Air Pollutants from Iron and Steel Industry, the flue gas from sintering head (pellet roasting) is 10 mg/cubic m, 35 mg/cubic m and 50 mg/cubic m of particulate matter, sulfur dioxide and nitrogen oxides, respectively, under 16% of the baseline oxygen content.
The emission limits for particulate matter, sulphur dioxide and nitrogen oxides from other processes are 10 mg/cubic metre, 50 mg/cubic metre and 150 mg/cubic metre, respectively. The above emission limits are far below the special emission limits for atmospheric pollutants of 40 mg/cubic metre, 180 mg/cubic metre and 300 mg/cubic metre in the relevant national standards.
The "Ultra-low Emission Standard for Air Pollutants from Coking Chemical Industry" is the first local emission standard for air pollutants from coking chemical industry in China. The emission control of particulate matter from various coking processes has been tightened. The emission limit of particulate matter is 10 mg/cubic meter.
The emission limits of particulate matter, sulphur dioxide and nitrogen oxides are 10 mg/cubic metre, 30 mg/cubic metre and 130 mg/cubic metre, respectively, at a baseline oxygen content of 8%. The above emission limits are also lower than the special emission limits for atmospheric pollutants of 15 mg/cubic metre, 30 mg/cubic metre and 150 mg/cubic metre in the relevant national standards.
Both of the above standards stipulate that existing enterprises shall be implemented as of October 1, 2020 and new enterprises shall be implemented as of January 1, 2019.
Future market forecast
Steel prices before the festival due to weakening demand led to a continuous decline, it seems that there is indeed a rebound in technical demand, especially with the release of good news for the continued decline of steel prices also played a certain role in boosting, but the improvement of policy and information is only external factors, the specific rise and fall in steel costs will depend on The contradiction between supply and demand will continue to maintain a rebound trend in the near future. (source: China steel net)
