INDUSTRY NEWS
Downstream enterprises resume work one after another domestic steel prices rise and fall each other
Xi Jinping: Without any relaxation and grasping the work of carefully grasping the work of prevention and control, and to coordinate the work of economic and social development, Xinhua News Agency, Beijing, February 23rd, to coordinate the prevention and control of the new coronal pneumonia epidemic and the deployment of economic and social development work was held in Beijing on the 23rd. Xi Jinping, General Secretary of the CPC Central Committee, President of the People's Republic of China and Chairman of the Central Military Commission, attended the meeting and delivered an important He stressed that the History of the Chinese nation has experienced many hardships, but has never been crushed, but more and more courageous, and constantly grow in the suffering, rising from the suffering. The current situation of the epidemic is still serious and complex, prevention and control is at the most difficult stage, Party committees and governments at all levels to firmly win the conviction, grit titering their teeth, continue to do not relax and grasp the details of the prevention and control work. To change pressure as a driving force, good at turning the crisis into an opportunity, orderly resumption of production and living order, strengthen the "six stable" initiatives, increase policy adjustment efforts, China's development of great potential and strong momentum fully released, and strive to achieve this year's economic and social development goals and tasks.
China's regulation on industrial enterprises to gradually increase the rate of resumption of work more than 70% , the Secretary-General of the National Development and Reform Commission, Cong Liang, said at a press conference held on the 24th, the national scale of industrial enterprises to gradually increase the rate of resumption of work, of which Zhejiang has exceeded 90%, Jiangsu, Shandong, Fujian, Liaoning, Guangdong, Jiangxi has exceeded 70%. Key areas related to the national economy and people's livelihood enterprises are accelerating the resumption of work, related enterprises are working overtime, full horsepower production, mask enterprise capacity utilization rate has reached 110%, the national grain emergency processing capacity recovery rate has exceeded 70%, coal mine capacity recovery rate of 76%, the number of railway loading has been restored to the normal level before the festival 95% Around, civil aviation, ports, water transport are normal operations.
"Multiple release of the list of key construction projects on the road" Recently, Beijing, Shanghai, Henan and other provinces and cities have issued a major project plan or list of 2020, the amount of investment in 100 billion yuan. At the same time, Jiangsu, Guizhou, Gansu and other places actively promote the resumption of major projects, the rate of resumption of work steadily increased.
"Recovery is facing uncertainty" The International Monetary Fund (IMF) and the Federal Reserve (Federal Reserve) and other institutions released a report on the 19th, although the economic recovery and growth situation remains, but under the influence of multiple uncertainties, it is appropriate to maintain the tone of monetary policy easing.
Rebar: Shorting momentum enhancement at present, the national policy to speed up the resumption of production of enterprises, the construction industry and real estate industry is expected to be fully restored by the end of March. In the process of downstream demand recovery, the total inventory of rebar will exceed 20 million tons, the pressure of the factory is significantly higher than the pressure of the social bank, and the long-process steel plant will be able to stop production and repair efforts.
Real estate stability policy frequently out of the first home down payment ratio down the first cash- as of the China Securities News reporter, has more than 20 provinces and cities issued a number of policies related to the real estate sector, to maintain the local real estate market stable development intention is obvious. Among them, Henan Province in Madian City took the lead in lowering the down payment ratio of the first suite. In some non-key outbreak areas, the local government has introduced a number of measures to guide the orderly real estate sales and construction gradually resumed.
National Daily Market Summary
Today,sflated domestic steel prices. Subregionally, due to the rapid progress of resumption of work in East China, the obvious release of demand, prices began to recover at a low level, while the northwest and southwest regions resumed work slowly, prices continued to fall weakly. Resources, the current market has arrived, inventory continues to increase. In the short term, domestic steel prices or weak consolidation are expected to be due to relative weakness in demand and pressure from market stocks.
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