Overview of the steel industry news on May 14

The problem of high regional coal shortages highlights the resurgence of coal structural security

Of course, the current overall supply and demand of coal in the country is stable, but the phenomenon of high regional coal shortages still exists. Due to this, the power plant is generally "difficult" and triggers a chain reaction of the entire industrial economy. Follow-up with the arrival of coal peaking summer season, the contradiction between regional supply and demand may be further highlighted. This year, we must not only insist on capacity, but also prevent structural, regional and time-consuming supply tensions. In this regard, starting from the aspects of accelerating the pace of coal production replacement, increasing railway capacity, and adjusting the restrictions on imported coal, relevant departments have once again launched a coal structural security war.

A number of coal leading enterprises surrendered 2017 transcripts revenue growth

Ling Wen, Chairman of China Shenhua Energy Co., Ltd., introduced in the Social Responsibility Report that in 2017, China Shenhua's various business segments developed steadily and achieved excellent business performance. The annual operating income was 248.746 billion yuan, a year-on-year increase of 35.8%, and the total profit was 70.313 billion. Yuan, an increase of 80.8% year-on-year, coal, coal and electricity and other industrial sectors achieved green development, with 79 ultra-low emission units, accounting for 82.4% of the total installed capacity of coal power.

Shanxi specializes in rectifying copper, aluminum and other non-coal mines

According to the Shanxi Provincial Department of Land and Resources, in order to prevent various types of safety production accidents, from May 1 to June 30, Shanxi will carry out a two-month special rectification work for all non-coal mine enterprises in the province. Combat unlawful illegal mining, super-layer cross-border mining and other illegal illegal mining activities.

[Steel price trend]

Shandong Building Materials Weekly Research Report: Does the inventory decline slow down the price or usher in a turning point?

This week, the price of building materials in Shandong Province fell first and then rose. After the price continued to rise in April, most downstream construction sites and traders took a wait-and-see attitude and lacked confidence in the market outlook. At this time, black futures have a greater impact on the market. Futures fluctuated downwards at the beginning of the week, but they rose near the weekend. Overall, the thread 1810 contract rose by 0.5 percentage points this week. Tangshan area has taken emergency measures to reduce pollution due to weather pollution from the 11th to the 14th. The steel industry requires strict restrictions on the production limit of 50% or more. It is a good news for the black system. Although the overall inventory of Shandong building materials has remained decreasing, the decline has been greatly reduced, steel mills' inventories have risen, and steel mills have slowed their shipments this week.

In May, the steel market still faces many challenges to test steel prices.

The long-repressed demand for steel was finally released in April, and the downstream construction site was fully resumed. The backlog of steel stocks continued to decline. At the same time, since mid-April, Jiangsu Xuzhou Steel Plant has stopped production in large areas, Wu'an and Tangshan have also limited production measures, resulting in a small expansion of production. The resources in East China are relatively scarce. Some analysts expect that there will still be room for short-term steel prices. But the increase is not big.

Multi-factors to suppress steel price steel futures are expected to enter a phased shock

Social stocks continued to decline rapidly this week. However, it should be noted that in terms of in-plant inventory, the thread and wire have seen a sequential increase. After the spot price returned to the high level in the year, the traders' power to get goods weakened and speculative demand slowed down. At the same time, steel production still increased slightly this week, and supply continued to rise under the stimulus of profits. Spots face adjustment risks in the short term. CITIC Futures Research pointed out that it is advisable to operate the investor interval.

[Steel factory]

Henan Province to resolve coal excess capacity leading the country

The data shows that in the past two years, the average production capacity of single wells in Henan coal mines has increased from 450,000 tons/year to about 750,000 tons/year, and the industrial concentration has further increased. The production capacity of backbone coal mine enterprises has reached 88%, and the output of large coal mines is close. 80%. Li Jin, chief researcher and executive dean of the China Enterprise Research Institute, said: "In the future, coal or industry will be ushered in a restructuring tide, and the integration of upstream and downstream industries will be further enhanced."

Has the production capacity increased a lot?

Looking forward to the industry situation this year, Zhang Liming, general manager of Hangzhou Iron and Steel Group, said that from a general perspective, the situation of oversupply in this year has not changed. “In the second half of the year, there is uncertainty in the growth of domestic downstream demand, especially the slowdown in real estate regulation and infrastructure investment, which may affect the consumption demand of domestic products. In addition, due to frequent trade frictions, exports will also face certain pressure.” Xu Xiangchun Remind that companies should not be blindly optimistic about overall demand and industry situation, and should be cautious.

Anhui: Implementing differential electricity prices and other measures to eliminate five types of backward production capacity

The Office of Eliminating Outdated Production Capacity in Anhui Province recently issued the “Outline Work Plan for Outd Capacity Production in Anhui Province in 2018”, proposing to eliminate energy consumption, environmental protection and products by focusing on industries such as coal, cement, electrolytic aluminum and flat glass. Five types of backward production capacity that are not in compliance with standards for quality, safe production and technology.