Home / Metal News / Steel & Iron Ore / [SMM Steel City Morning News] many places have issued transport infrastructure construction plans * Vale has lowered its annual production target.
[SMM Steel City Morning News] many places have issued transport infrastructure construction plans * Vale has lowered its annual production target.
Apr 20,2020 09:19CST
The content below was translated by Tencent automatically for reference.


Monday, 20 April 2020

Breakfast news

Rising factor

1. Many places have issued transport infrastructure construction plans, layout of new investment plans

A round of investment in transport infrastructure has begun. Under the goal of strengthening traditional and new infrastructure investment requirements and building a "traffic power", various localities have recently issued transport infrastructure construction plans to lay out a new round of investment plans. At present, the Ministry of Transport has launched the formulation of the "14th five-year Plan" comprehensive transportation development plan, and simultaneously carried out the preparation of the "outline of the National Comprehensive three-dimensional Transport Network Plan (2021-2050)", and carried out the second batch of pilot projects for the construction of a powerful traffic country. Jiangsu Province: the transportation investment plan of the whole province this year is 157.6 billion yuan

2. Cement price increase mode opens some cement plants to full capacity production

Driven by the resumption of work and production of major projects in various localities, some cement plants are working overtime to produce at full capacity. Among them, some cement plants in Zhejiang have a capacity utilization rate of more than 100%. According to the digital cement network, starting from the 20th of this month, Zhejiang Jinhua, Quzhou, Lishui, Ningbo, Taizhou and Wenzhou cement prices will be raised by 20 yuan / ton. On the 11th, major enterprises such as conch and Taiwan mud in Huaihua, Hunan Province announced an increase in the prices of various varieties of cement by 15-20 yuan / ton, and some leading enterprises in northeast Jiangxi began to raise the prices of each kind of cement by 20 yuan / ton on the 13th. With the improvement of the epidemic situation, in order to alleviate the pressure of economic downturn and employment, a large number of major projects have been concentrated in Zhejiang, Anhui, Jiangsu, Inner Mongolia, New Construction, Jilin and other places recently, leading to a sustained recovery in cement demand.

3. Vale cuts its annual production target

Rio Tinto 20Q1 production and sales year-on-year upward, month-on-month decline narrower than last year, mainly due to the small impact of hurricanes; Vale 20Q1 production and sales are the same month-on-month decline, mainly caused by maintenance, abnormal torrential rain and so on. Rio Tinto maintained its iron ore target for 2020; Vale lowered its annual production target, and Vale cut its target for powder and pellet production for 2020. The target production of pulverized ore has been reduced to 3.1-330 million tons from the previous 3.4-355 million tons, and the target production of pellets has been reduced from 44 million tons to 3500-40 million tons. The last three quarters were 1661-26.61 million tons lower than the previous target.

Falling factor

1. The opening of the outer plate plummeted

The collective opening of the outer plate plunged, crude oil futures fell more than 5% of the three major U.S. stock indexes fell. U. S. stock index futures fell slightly at the start of trading, with Dow futures down 0.38%, the S & P 500 down 0.44% and Nasdaq futures down 0.43%.

Hot news


Morning news

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news