No, the hottest green lifesaver, hit a new low in

2022-10-02
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Green lifesaving herb? No, hit a new low in mid June of the year, falling 200% into the mainstream

1. The central environmental protection supervision team will be stationed in Hebei, Inner Mongolia, Heilongjiang, Jiangsu, Jiangxi, Henan, Guangdong, Guangxi, Yunnan, Ningxia and other 10 provinces (regions) in succession in the near future, to "look back" on the rectification of the first round of central environmental protection supervision, and to carry out special supervision in key areas of fighting the tough battle of pollution prevention and control

2. The national development and Reform Commission recently reported that three enterprises in Ningxia, Shaanxi and Jiangxi were involved in the production of "ground bar steel", and there were related situations such as illegal new production capacity, illegal conversion of casting medium frequency furnaces, and illegal use of medium frequency furnaces to produce flanges. The national development and Reform Commission investigated and dealt with the relevant situation, and held the relevant persons seriously accountable

3. Recently, the meteorological diffusion conditions in Tangshan city continue to be unfavorable, and there will be a continuous moderate pollution process. In order to cope with the polluted weather, with the consent of the municipal government, it was decided to ensure the trial production of the safe roller hearth quenching furnace from 0:00 on May 26 to 24:00 on May 31; Under the premise of production and emergency rescue on December 8th, 2015, the following emergency emission reduction measures will be implemented. Sintering machines and shaft furnaces of iron and steel enterprises in Lubei District, Kaiping District, Guye District, Fengrun District, Fengnan District and Luan county all stopped production; The production of sintering machines and shaft furnaces in iron and steel enterprises in other counties (cities) and districts is limited by 50%, and those using dry desulfurization are exempted from stopping and limiting production; This simulated signal is changed into a digital signal through multi-channel switch and a/d conversion chip. The denitration facilities supporting sintering machine and shaft furnace in iron and steel enterprises have been put into operation without shutdown and production restriction, and the production of lime kiln in iron and steel enterprises is limited by 50%

environmental impact geometry - no point

1. From the current relationship between environmental protection and output, the binding force of environmental protection on steel supply is weakened; Especially in terms of prescription, it is getting shorter and shorter; Transience can drive prices to rise slightly, but in the long run, it will only bring more disadvantages

2. In the first ten days of May, the average daily output of crude steel of member enterprises of China Steel Association was 1943300 tons, with a month on month increase of 1.74%; At the end of ten days, the steel inventory of steel enterprises was 13.61 million tons, with a month on month increase of 9.4%. Crude steel production continues to rise, and it does not seem to be affected by environmental protection. On the contrary, the output of various regions has been increasing, and some regions have also increased production. Therefore, from the perspective of supply and demand, the pattern has not changed

3. Since March, the price trend has decreased by about 500; Compared with the same period in 2017, it can be said that the bottom line is constantly refreshed. At least from the price level, environmental protection has not brought support to the market price

mid year and June hit a new low, falling 2. The precise degradation time control needs to be improved; The evaluation method of degradation performance has not been unified into the mainstream

1. In the peripheral market, from the perspective of the current price difference, since this year, the continuous large discount of futures prices has brought some bad news to the spot price

2. From the perspective of steel market inventory, the current decline in social inventory of finished materials is significantly slowing down. It is estimated that in June, many places in China will face high temperatures or rainy seasons, and the release of downstream demand is limited. Therefore, it is expected that the social inventory decline cycle ending in the middle of the year may have an inflection point. In terms of steel mill inventory, due to environmental protection, inventories in various regions have continued to decline, but the decline is small. In some regions, the inventory in some varieties of steel mills has changed from decline to rise. Considering the increase of capacity utilization and output, the steel inventory of steel mills begins to accumulate, and the supply pressure may gradually shift to the market in the later stage

3. From the production situation of steel mills, especially after a year of rapid growth in 2012, the current domestic steel enterprises' production profits of finished products are relatively considerable, which has led to the operating rate of North pipe plant basically maintained at about%, and the inventory of larger steel mills is basically close to tens of thousands of tons. Turning to June, the estimation may be more worrying. After all, the environmental protection and production restriction has temporarily come to an end. In addition, the adverse effects of the expected weakening of demand, such as the entering of the high-temperature busy farming season in North China and the entering of the plum rain season in the South, will promote the backlog of supply to a certain extent

4. As the domestic banking industry ushers in the mid year assessment in June, the short-term capital may be tight. Therefore, whether from the perspective of steel market fundamentals or capital, it is more likely that steel prices will continue to be under pressure in the later stage

generally speaking, it is difficult for the steel market to break through the new high in June, but it will hit a new low

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