[October 16 SMM Steel Market Morning News]

Published: Oct 16, 2019 09:01

Wednesday, 16 October 2019

Breakfast news

Rising factor

1. Tangshan starts Emergency response to heavy pollution Weather

A few days ago, Tangshan City issued the latest environmental protection notice: there will be a process of moderate to severe pollution in Tangshan area. It is decided that from 20:00 on October 15, the city will start a class II emergency response to heavy pollution weather, and the release time will be notified separately according to the results of the meeting. Implement emergency response and emission reduction measures in an all-round way, among them: the iron and steel industry. The performance evaluation is A grade, take the emission reduction measures independently, the performance evaluation grade is B grade, the sintering machine, pellet equipment, lime kiln stop production, according to the production line: the coke discharge time of coke oven in carbonization room of 6 meters and above is extended to 28 hours, the coke time of coke oven in carbonization room below 6 meters is extended to 36 hours, the performance evaluation is grade C, sintering machine, pellet equipment, lime kiln stop production, according to the production line; The blast furnace stops production by more than 50% (including), the coking time of the coke oven in the carbonization chamber of 6 meters or more is prolonged to 28 hours, and that of the coke oven in the carbonization room below 6 meters is extended to 36 hours. If the performance evaluation is grade B and C, the early warning response time is more than 120 hours, and then the sintering machine and pellet equipment stop production for more than 50% (including) in the production line.

two。 Machinery industry data for the better: loader sales rose 17.2% in September from a year earlier, while excavator sales rose 17.8% year on year

According to the statistics of the China Construction Machinery Industry Association, the 22 loader manufacturers included in the statistics in September 2019 sold a total of 9836 loaders of all kinds, an increase of 17.2 percent over the same period last year. Of these, 9233 loaders of 3 tons and above were sold, an increase of 17.7 percent over the same period last year. Of the total sales volume, 7611 units were sold in the domestic market, up 17.8 percent from the same period last year, and 2225 units were exported, up 15.2 percent from the same period last year. From January to September, total sales totaled 93716 units, up 3.29 percent from the same period last year; 75254 units were sold domestically, an increase of 2.91 percent over the same period last year; and 18462 units were exported, an increase of 4.83 percent over the same period last year. In September, the 25 excavator manufacturers included in the statistics sold a total of 15799 excavators of all kinds, an increase of 17.8 percent over the same period last year. Of these, 13182 units were sold in the domestic market, up 12.5 percent from the same period last year. From January to September, cumulative sales of 179195 units, an increase of 14.7% over the same period last year, and domestic sales of 159810 units, an increase of 12.2% over the same period last year.

 

Falling factor

1. The "Jinjiu" market in the car market did not meet expectations for the whole year, or it may be a negative double-digit growth rate.

In September, China sold 2.271 million new cars, up 16 per cent from a month earlier and down 5.2 per cent from a year earlier, the news said. By September, production and sales in China's car market had fallen for 15 consecutive months compared with the same period last year. Even in the traditional "Golden Nine and Silver 10" sales season, car consumption is still relatively low, there has not been a significant improvement. Although September's year-on-year decline in sales narrowed and month-on-month growth, it is still hard to define sales as a "pick-up". Sales were lower in the first three weeks of September than in August. In the last week, sales increased significantly under the influence of manufacturers' National Day policy promotional activities.

two。 The "Gold, Nine and Silver Ten" in the Housing Market has not been cashed on schedule.

The traditional real estate gold and silver 10 did not materialize on schedule in the autumn of 2019, including Vanke, China Evergrande and other leading real estate companies have begun to launch some projects at a loss on the market. The cost of land acquisition in the early stage is too high, the market is unable to support higher housing prices; industry sales are not optimistic, leading housing enterprises also began to choose to ship in time to ensure the safe return of funds for the winter.

Hot news

[previous Review]

 

 

 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
JCC Hongyuan Copper's $200M Expansion Project Aims to Boost Capacity to 550,000 mt by 2027
Sep 7, 2026 15:43
JCC Hongyuan Copper's $200M Expansion Project Aims to Boost Capacity to 550,000 mt by 2027
Read More
JCC Hongyuan Copper's $200M Expansion Project Aims to Boost Capacity to 550,000 mt by 2027
JCC Hongyuan Copper's $200M Expansion Project Aims to Boost Capacity to 550,000 mt by 2027
The 300,000 mt/year copper cathode expansion project of JCC Hongyuan Copper, a subsidiary of Jiangxi Copper Corporation, entered the pre-approval public notice stage of its environmental impact assessment on September 4, with a total investment of approximately 1.416 billion yuan. The project is planned to start construction in September 2026 and be completed in December 2027. Upon completion, JCC Hongyuan's total capacity will jump from 250,000 mt to 550,000 mt.
Sep 7, 2026 15:43
Japanese Yen Increases USD/JPY Drops Below 159 Amid Intervention Speculation
Sep 3, 2026 19:00
Japanese Yen Increases USD/JPY Drops Below 159 Amid Intervention Speculation
Read More
Japanese Yen Increases USD/JPY Drops Below 159 Amid Intervention Speculation
Japanese Yen Increases USD/JPY Drops Below 159 Amid Intervention Speculation
[SMM Precious Metal Express] The Japanese yen spiked sharply during Wednesday's trading, with USD/JPY falling below 159 and closing down 0.92% at 158.69, sparking speculation of Japanese currency intervention. The dollar index also dropped sharply, with a weaker dollar environment providing support for precious metals.
Sep 3, 2026 19:00
Wuhu Approves Environmental Impact Assessment for Anhui Motu's 500,000 kVAh Lead-Carbon Battery Project
Aug 26, 2026 17:02
Wuhu Approves Environmental Impact Assessment for Anhui Motu's 500,000 kVAh Lead-Carbon Battery Project
Read More
Wuhu Approves Environmental Impact Assessment for Anhui Motu's 500,000 kVAh Lead-Carbon Battery Project
Wuhu Approves Environmental Impact Assessment for Anhui Motu's 500,000 kVAh Lead-Carbon Battery Project
[Lead-Acid Battery Enterprise Dynamics] Recently, the Wuhu Municipal Bureau of Ecology and Environment issued an approval opinion, and the environmental impact assessment for the annual production of 500,000 kVAh lead-carbon battery assembly project of Anhui Motu Technology Group Co., Ltd. was officially approved. The enterprise will implement various environmental protection measures in accordance with the requirements of the environmental impact assessment approval, advance subsequent preliminary work, and start the project construction after all conditions are ready.
Aug 26, 2026 17:02
[October 16 SMM Steel Market Morning News] - Shanghai Metals Market (SMM)