SMM News: affected by multiple good news today, the black performance is strong, sub-category point of view, the performance of the raw material is stronger than that of the finished material. As of press time, iron ore is up 2.43%, coking coal is up 1.29%, coke is up 1.7%, thread is up 1.64%, and hot volume is up 1.08%. According to SMM Steel, iron ore stocks at 35 ports stood at 131.24 million tons as of January 4, up 760000 tons from 130.48 million tons last week. The average daily port opening volume increased by 60, 000 tons to 2.441 million tons over last week. According to SMM analysis, due to the recent opening of replenishment reservoirs for steel mills before the festival, the overall sparse Hong Kong level has rebounded slightly, and iron ore futures prices have broken through all averages and rushed to a high level in nearly two months. Driven by positive factors such as replenishing reservoirs before the festival and overlaying Xuzhou production, iron ore is easy to rise and difficult to fall.
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1. Li Keqiang inspects three major banks: further tax reduction and fee reduction measures
At the beginning of the 19th New year, Premier Li Keqiang visited the Ministry of inclusive Finance of the Bank of China, the Industrial and Commercial Bank of China and the Construction Bank on January 4, and presided over a forum at the Banking and Insurance Regulatory Commission. The Prime Minister stressed the need to strengthen the counter-cyclical adjustment of macro policies, further take measures to reduce taxes and fees, and make good use of the tools of overall and targeted rate reduction to support the financing of private enterprises and small and micro enterprises.
2. The Chinese Ministry of Foreign Affairs responds that "the US side will send a delegation to China for consultations next week."
A reporter asked: it is reported that the US side will send a delegation to China next week for consultations on economic and trade issues. Can the Ministry of Foreign Affairs confirm and brief us on the specific date and venue of the consultations? Foreign Ministry spokesman Lu Kang said: according to the important consensus reached by the heads of state of China and the United States at the meeting in Argentina, the economic teams of the two countries have always maintained close communication, including the agreement that the two sides should communicate face to face with the progress of the consultations.
3. Xuzhou Steel works New Year's Day resumed production one after another
According to the latest research of SMM Iron and Steel, Xuzhou Steel Plant has resumed production one after another since January 1, in which DY has been ignited and baked, and hot metal is expected to be released in the near future. The resumption progress of TF and BF is similar to that of East Asia. Another DN 550m / L blast furnace has also been ignited and baked recently, or a little later than the DY hot metal, details of which SMM Steel will continue to follow up.
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