[SMM Steel Market Morning News] production restrictions in Tangshan may be strictly enforced * the automobile market rebounds in June

Friday, July 3, 2020

News breakfast

"rising factors

1. Roadside news: the production limit of environmental protection in Tangshan may be strictly enforced.

According to the Internet, on the afternoon of July 2, a production restriction meeting was held in Tangshan. In the evening, the deputy mayor led the team to inspect the implementation of production restrictions in four regions. Environmental protection departments also participated in the inspection, and this production restriction may be strictly enforced. Last night, the market increased its positions and rose to 3615, an increase of about 0.98%. SMM will continue to follow up on this production restriction.

3. The National Development and Reform Commission issued the second batch of central budget investment of 1.05 billion yuan to support the construction of Xiongan New area.

Recently, the National Development and Reform Commission announced that the second batch of central budget for the construction of Xiongan New area in 2020 will invest 1.05 billion yuan. The first is to give priority to supporting sanitation facilities such as large garbage dismantling centers that help to improve the environmental sanitation of Xiongan New area, and the second is to support the supporting roads and water supply and drainage projects of the "three schools and one hospital" project in Beijing, which is located in the start-up area. and to ensure the large-scale construction of transportation access projects in the start-up area; third, to support the construction of supporting gas projects; fourth, to speed up the construction of supporting facilities around Xiongan high-speed railway station. Fifth, to promote the ecological construction of Baiyangdian.

3. The first commercial vehicle network: China's heavy truck sales increased by 59% in June compared with the same period last year.

In June, China's heavy truck market is expected to sell about 165000 models of various types, down 8% from the previous month and an increase of 59% from a year earlier, according to data released by the first Commercial vehicle Network on July 2. From January to June this year, the heavy truck market accumulated sales of about 810000 vehicles, a cumulative increase of 23% compared with the same period last year. The first Commercial vehicle Network pointed out that the most important factor supporting the growth of heavy truck market sales in the second quarter and even the whole year is the policy of eliminating trucks in advance. The strong policy of elimination in the third year of the country superimposed the warming of orders in the heavy truck industry in the second quarter and the policy to control overloading in various places continued to be stricter, creating a huge imagination space for the heavy truck market in 2020.

Downside factor

1. Central Meteorological Observatory: blue warning of torrential Rain in many places

The Central Meteorological Observatory continues to issue a blue warning for rainstorm at 06:00 on July 2. it is expected that from 08:00 to 08:00 on July 2, there will be heavy to torrential rain in southern Jianghan, western and southern Jianghan, northern Jiangnan, central Yunnan, southern Guizhou, and northern North China, among which heavy rainstorms will occur in central Yunnan, southern Hubei, northern Hunan, southern Anhui, and northeastern Jiangxi.

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