"[summit preview] the stainless steel market is full of treacherous Ni-Cr industry to see how the big guys break the game!
"[overnight market] the domestic and foreign metal markets are generally green and fell by more than 1%. The epidemic in the United States is difficult to be optimistic. Gold prices closed high and US oil fell slightly.
"Forecast of Today's Financial and Economic data: the Bank of Japan releases minutes of its June monetary policy meeting
[MCC's Saindak copper smelter resumed production after being closed for nearly 10 months] the smelter of the, MCC Saindak project resumed production on July 9th. After about 10 months of shutdown, MCC's Saindak Project smelter has resumed work and produced its first batch of crude copper this week. The Saindak copper smelter had stopped production since November 2019 due to the Xinguan epidemic and the factory's winter vacation. The Saindak project manager says smelting is a core part of the project. The first batch of crude copper produced means that the Saindak project has restored complete mineral processing, mining and smelting processes while preventing and controlling epidemics. "View details
[SMM analysis: out of storage to maintain high aluminum bar inventory does not increase but decrease] this week (7.13: 19) aluminum bar inventory decreased by 7200 tons to 65000 compared with last Thursday, including Foshan, Wuxi, Nanchang inventory week-on-week decline, Changzhou inventory week-on-week increase, Huzhou inventory week-on-week flat. In July, the arrival of aluminum bars in the warehouse in May was relatively small, and the first two weeks left the warehouse at a relatively high level. From the overall trading situation of the market during the week, due to the impact of the summer off-season, demand is slightly weaker, downstream now more orders just need to purchase. Therefore, there may be a certain decline in the release of aluminum bars from the warehouse this week, and the inventory of aluminum bars is expected to accumulate slightly next week. "View details
[SMM data: the social inventory of lead ingots arriving at the warehouse has increased continuously] it is understood that with the end of delivery this week, social inventory has increased significantly, basically in line with the expectations of the previous report. In the first half of the week, because it was on the eve of delivery, delivery goods poured into the warehouse one after another, and in the second half of the week, the delivery of Shanghai lead 2007 contracts was completed, the "soft position" market drew a stop, lead prices gave up their previous increases, while downstream fear of falling and waiting to wait and see, procurement performance was cautious. In addition, after delivery, electrolytic lead smelters began to ship goods one after another, and the discount for bulk goods expanded rapidly. As of Friday, the average price discount for SMM1# lead was 100 yuan / ton. The supply of goods in circulation in the market tends to be relaxed, and the supply of goods in the trade market is still not favored downstream. In addition, next week, as lead prices return to the bottom of the five-year Plan, recycled lead smelters tend to lose money, and the discount of recycled refined lead narrows, or some of them just need to return to electrolytic lead, but at the same time, some refineries in Henan and Yunnan are overhauled. It is expected that the social inventory of lead ingots will still rise. "View details
[SMM research: lead price rise boosts lead battery weekly start-up 1.03%] recently, with the lead price rise, lead battery companies have narrowed their promotion of finished batteries, especially the electric bicycle battery, which is the most powerful part of the previous promotion. Starting from this week, some brands have once again notified to raise the price, an increase of about 20 yuan per group, and dealers buy up to replenish the stock. The operating rate of production lines of some small and medium-sized enterprises has also rebounded. In addition, for the end-market consumption, there is no significant improvement at present, during the period, such as Jiangxi, Anhui and other areas, there are floods, regional consumption is limited. "View details
[SMM survey: refinery maintenance completed recycled lead weekly operating rate increased to 53.2%] according to the Shanghai Nonferrous Network (SMM) survey, this week (July 13-July 17) SMM recycled lead smelting enterprises in four provinces have a weekly operating rate of 53.2%, up 0.5% from last week. Lead prices have fallen sharply this week, waste battery prices remain high, profits of recycled lead enterprises have been greatly reduced, most of them are reluctant to sell, production enthusiasm may be reduced, and the operating rate of recycled lead enterprises may decline next week. "View details
[SMM analysis: the impact of the off-season is still galvanized consumption differentiation] according to SMM research, galvanized pipe, due to a smaller increase in final products than raw materials, galvanized tube enterprise profits have been suppressed, some areas have been in the range of production losses, only some enterprises have been able to retain profits due to large reserves, but as a whole, the production of galvanized tube enterprises has declined compared with the previous period, and production scheduling has declined in July. "View details
[SMM analysis: the seasonal recovery of zinc mine production is still a large year-on-year decline] according to the (SMM) survey of Shanghai Nonferrous Network, the output of SMM zinc concentrate in June was 301900 tons, up 3.4% from the previous month, down 13.1% from the same period last year; the operating rate was 66%, up 2.1% from the previous month, and down 10% from the same period last year. SMM expects the national mine operation rate to be 66.4 percent in July, up 0.4 percent from the previous month and 11.7 percent lower than the same period last year. "View details
According to the latest report, the local government decided to enter a 30-day state of emergency after six areas in the Luwu region northwest of South Sulaway in Indonesia were hit by floods.According to the latest report, the local government decided to enter a 30-day state of emergency after six areas in the Luwu region of northwestern South Sulawi were hit by floods. The state of emergency runs from July 14 to August 12, 2020. According to SMM research, the flood disaster is located in the south of Sulawesi, far away from the ferronickel production enterprises (the distribution map is shown below), and has not yet affected the normal production of the relevant nickel-iron plants in Indonesia. If the situation continues, it may affect local mine shipments. "View details
[mining quarterly report: Anglo American: nickel production increased 10 per cent year on year in the second quarter. Manganese production fell 4 per cent year on year] Nickel production increased 10 per cent in the second quarter compared with the same period last year, thanks to improved operational stability and the impact of the Barro Alto shutdown scheduled to be completed at the beginning of the second quarter of 2019. Current Covid-19 measures to protect workers and communities are not expected to seriously affect production in 2020. In terms of full-year guidance, the production guidance remained unchanged at 42,000 million tons, depending on the extent of further disruptions related to Covid-19. "View details
[tin] Myanmar announced on July 14 that due to the need to continue to prevent and control the spread of the new crown pneumonia epidemic, the relevant statements, orders, notices, and instructions (excluding relaxed restrictions) issued to the public by state federal agencies and relevant government departments for the prevention and control of new crown pneumonia were extended from July 15, 2020 to July 31, 2020. this is the sixth time that the Burmese government has extended the ban on epidemic prevention and control. The tight import of tin mines in Myanmar may continue until August, with the arrival of the rainy season in Myanmar, and imports of tin mines in Myanmar decreased in July compared with June.
[SMM analysis: 2020H1 China battery material production data: the first half of the year epidemic affected cobalt prices to decline in the second half of the year cobalt salt prices may rebound] in the first half of 2020, the average price of SMM metal cobalt was 258400 yuan / ton, down 9.5% from the same period last year; the average price of cobalt sulfate was 49000 yuan / ton, down 9.7% from the same period last year; the average price of cobalt chloride was 59000 yuan / ton, down 6% from the same period last year; The average price of cobalt tetroxide was 187000 yuan / ton, down 7.2% from the same period last year. SMM expects that the price gap between cobalt and cobalt salts will narrow in the third quarter, the terminal demand for batteries will gradually recover in the third quarter, and cobalt salt prices may rebound, but overseas epidemic control is not optimistic and the expected increase is limited. The possibility that the outbreak in Africa will affect the supply of cobalt raw materials and the price of cobalt may fluctuate sharply. "View details
[SMM analysis: 2020H1 China battery material production data II: lithium price falls to the bottom enterprise cost price rebound needs to wait for inventory repair] in the first half of 2020, the average price of SMM battery-grade lithium carbonate was 46000 yuan / ton, down 40.2% from the same period last year. The average price of SMM battery-grade lithium hydroxide was 55000 yuan per ton, down 44.1 percent from the same period last year. SMM believes that the price of lithium carbonate has been oversold, but the current inventory pressure in the industry is still forcing prices down to force excess capacity to clear. SMM estimates that battery-grade lithium carbonate may fluctuate between 3.6 yuan / ton and 42000 yuan / ton in the second half of the year, taking into account the technological transformation of some electric carbon enterprises to reduce production costs, as well as the potential impact of imported lithium carbonate on the domestic market. High-quality battery-grade lithium hydroxide will still have a significant premium over battery-grade lithium carbonate, while the premium of other battery-grade lithium hydroxide over battery-grade lithium carbonate may continue to narrow. "View details
[SMM analysis: 2020H1 China battery material production data III: lithium iron phosphate power market demand increase ternary material high nickel trend is still] SMM believes that 5G technology is still in the early stage of development, the second half of the year mainly for base station construction, 5G mobile phone large-scale promotion still takes some time, consumers are currently in a wait-and-see state, the demand for replacement has declined by the epidemic. However, the trend of high voltage and high capacity has led to an increase in the demand for lithium cobalt; in addition, the demand for tablet computers has increased with the increase in online courses since the epidemic; and the demand for lithium cobalt has also increased in the development trends such as e-cigarettes, drones, TWS headphones and smart homes. According to feedback from terminal and battery customers, the control of the overseas epidemic is worse than that at home this year, and many orders have been transferred to China, which has also played a part in increasing domestic demand for lithium cobalt. As a result, in the second half of the year, SMM expects China's lithium cobalt supply to increase to 39300 tons as demand increases, up 14.8 per cent year-on-year. "View details
[SMM analysis: magnesium ingot prices hit bottom again, there is still a downward risk] in mid-July, the spot price of magnesium ingots fell back to the previous lowest price, it was more difficult to maintain production upstream under the double pressure of high cost and low price, and there was more negative sentiment in the off-season market, most of them were not optimistic about the late trend, and there was a greater risk of continuing to decline. In July, the overall turnover of the magnesium ingot market declined, in addition to export restrictions, magnesium powder downstream pharmaceutical factories entered the maintenance period also indirectly affected the demand for magnesium ingots. "View details
[SMM analysis: magnesium ingot exports reduced supply and demand imbalance price shock in the second quarter of 2020] in the second quarter of 2020, the spot price of magnesium ingots in China was 13105.9 yuan / ton in Fugu area and 13414.4 yuan / ton in Wenxi area, down 5.5% from the previous month and 20.7% from the same period last year. The overseas epidemic had a great impact on China's magnesium ingot market in the second quarter, because more than 50% of magnesium ingots and downstream magnesium products have to be digested by exports. although the upstream has actively limited production and guaranteed prices since the end of April, it is not strong, and the market supply and demand has been out of balance for a long time. According to SMM research, the inventory of magnesium ingot factories in Fugu area is about 30, 000 tons, and the inventory of traders in Wenxi area is also 3, 000, 000 tons, so the social inventory pressure is greater, and it will be more difficult for magnesium ingot prices to rise in the future. "View details
Important news of metals and industry
[southwest Copper brushed a number of historical records in the first half of the year] from January to June, the output of cathode copper, gold, silver, sulfuric acid, crude selenium, nickel sulfate and palladium all reached an all-time high; the profit completion rate was 105.8%; the operation rate of the smelting system was 99.33%, and the load rate was 108%, another record high.
[the proposed suspension of production at the Mopani copper mine was rejected by the Zambian Ministry of Mines] Mopani Copper, a subsidiary of Glencore in Zambia, said it wanted to suspend production at the Mopani copper mine due to low copper prices and the Xinguan epidemic, but the proposal was rejected by the Zambian Ministry of Mines. Mopani said it would appeal the decision but would continue mining operations until the outcome of the appeal procedure was determined. Mining activities at the Mopani copper mine were suspended in April due to problems such as a new crown virus pandemic, but the decision triggered strong opposition from the Zambian government and the mine resumed operations in early May. "View details
[Alcoa (Alcoa) 2020 Quarterly report: steady production Operation helps mitigate the impact of the epidemic] Alcoa recently disclosed its second-quarter report. Alcoa had previously said that increased production and sound operations had helped the company develop smoothly during the new crown epidemic. The important parts of the following SMM will be translated and explained. Bauxite: output in the second quarter of 2020 was 12.2 million tons, an increase of 5.17 from the previous quarter and 7.96 percent from the same period last year. The third party shipped 1.6 million tons, with sales of 66 million US dollars; the internal shipping volume was 10.8 million tons, with sales of 245 million US dollars. "View details
[Rio (Rio Tinto) produced 28.37 million tonnes of bauxite in the first half of 2020, up 13 per cent in the second quarter] Rio Tinto produced 14.6 million tonnes of bauxite in the second quarter, 9 per cent higher than in the second quarter of 2019 and 5 per cent higher than in the first quarter of 2020. "with the support of the Amrun mine, the output of the escrow business increased by 9 per cent, while that of the unmanaged CBG joint venture in Guinea increased by 7 per cent, reflecting good progress in production expansion." Bauxite production in the first half of 2020 was 28.37 million tons, an increase of 8 per cent over the first half of 2019. The company shipped 10.7 million tons of bauxite to third parties in the second quarter, an increase of 13 percent over the same period in 2019.
[Guangyuan Zhongfu: the production and sales of aluminum products exceeded the plan in the first half of this year] in the first half of this year, the original aluminum production of Guangyuan Zhongfu completed 106.9% of the budget, and the output and sales volume of aluminum products completed 105.9% and 109.8% of the budget, respectively. Judging from the current tank condition, the overall operation of the whole aluminum electrolysis series is stable, providing a high-quality and reliable supply of raw materials for alloy processing and production. According to the gradual expansion of production capacity, Guangyuan Zhongfu investigates the market in advance, increases user development, produces and sells more, and pays back money in time, so as to create benefits to the maximum extent.
[Chihong Huize Mining accomplishes the task goal] Chihong Huize Mining Industry makes every effort to organize the production and technical work in the first half of 2020 in accordance with the annual work plan, so as to achieve the goal of more than half the time and more than half the task. In the first half of the year, the progress rates of sulphide ore mining, sulphide ore dressing and concentrate metal (lead + zinc) in the first half of the year were 101.16%, 100.47% and 100.93%, respectively. the progress rate of raw ore grade (lead + zinc) of sulphide ore is 101.25%, the moisture progress rate of lead concentrate is 105.22%, and that of zinc concentrate is 106.11%. The progress rate of oxidized ore grade (lead + zinc) is 102.84%.
[Shaanxi zinc industry: planned zinc ingot production in the second half of the year 118000 tons] the work tasks of Shaanxi zinc industry in the second half of the year show that the output of zinc ingots is 118000 tons, the grade rate of zinc is ≥ 99.5%, and the direct yield is ≥ 97.5%; the output of precipitated zinc is 109800 tons, and the unit consumption of DC power of precipitated zinc is less than 3100Kw.h/T.Zn.
[Queensland Government provides financial support for Sconi Cobalt / Nickel Project] the Queensland Government has provided conditional financial support to Australian mining company (AUZ) to develop its Sconi Cobalt Nickel Scandium project. The Sconi project, located in northern Queensland, costs A $1.5 billion and has a mine life of more than 30 years. It is expected to produce 1.4 million tons of nickel sulfate and 200000 tons of cobalt sulfate, with an annual production capacity of 46800 tons of nickel sulfate and 7000 tons of cobalt sulfate per year. "View details
[Quzhou Huayou Cobalt New material annual output 30,000 tons high purity ternary power battery grade nickel sulfate project construction] July 17, Quzhou Huayou Cobalt New material Co., Ltd. annual production capacity of 30,000 tons (metal) high purity ternary power battery grade nickel sulfate project launching ceremony was held. Chen Hongliang, President of the Group, Fang Qixue, Senior Vice President, Wang Haitao, President of the holding Group, and other leaders attended and witnessed the opening ceremony. The opening ceremony was presided over by Xu Wei, vice president of the group. "View details
[Zichen stainless Steel Company will be put into production this month] Zichen stainless Steel Company is a masterpiece of invigorating and reorganizing bankrupt enterprises in our region. At present, the enterprise is stepping up the maintenance and commissioning of production equipment, which is expected to be put into production this month. These two days, in the production workshop of Chen stainless Steel Company, which is located in the Economic Development District, workers are busy overhauling and debugging the production equipment. Xu Ning, process engineer in the steel rolling workshop of Sichuan Zichen stainless Steel Rolling Plant, said: "at present, the equipment on site has been basically overhauled, and teachers from Beijing University of Science and Technology are being organized to debug and transfer the on-site equipment. We are expected to produce steel around mid-July." "View details
[although gold prices are still bullish or need a bigger correction to attract new buyers] the gold market has once again fallen below the $1800 / oz mark, with bulls unable to make further breakthroughs. Ole Hansen, head of commodities strategy at (Saxo Bank) at Saxo Bank, said the performance of the dollar's sustained support, rising geopolitical risks and low interest rates were all bottoming out for gold. Although there are many bullish factors that can push gold higher, Hansen believes that the performance of the bond market needs to be watched. Expectations for the Fed to introduce yield curve control remain high. "View details
Hangzhou Iron and Steel Co., Ltd.: plans to sell 98% stake in Ziguang Environmental Protection to related parties] Hangzhou Iron and Steel Co., Ltd. intends to sell its 97.9525% stake in Ziguang Environmental Protection to Zhejiang Fida Environmental Protection Technology Co., Ltd., and the final transaction price has yet to be determined. The controlling shareholders of the company and the other party are both Hangzhou Iron and Steel Group Co., Ltd., and this transaction constitutes a related party transaction.
[China's steel production increased 6.3% in June compared with the same period last year] according to the latest data from the National Bureau of Statistics, China's steel production in June 2020 was 24.465 million tons, an increase of 6.3% over the same period last year. The cumulative output from January to June was 123.212 million tons, an increase of 2.3% over the same period last year. In June, the output of medium-thick and wide steel strip in China was 14.181 million tons, an increase of 3.7% over the same period last year. The cumulative output from January to June was 80.063 million tons, an increase of 7.2% over the same period last year.
[Pilbara Port Authority exports reached an all-time high of 717.2 million tons] Pilbara Port Authority (PPA) reported that due to a surge in exports from Port Hedland, its annual throughput reached a record 717.2 million tons in fiscal year 20. The Pilbara Port Authority's operations include those of Port Hedland, Dampier and Ashburton, as well as various new ports, with a total annual throughput of 19.9 million tons over the previous year. The annual throughput of Port Hedland's (Port Hedland) port is the highest of all PPA ports, mainly due to iron ore exports by mining giants such as BHP Billiton (BHP). "View details
ArcelorMittal will restart the Dunkirk blast furnace in August. ArcelorMittal, the world's largest steelmaker, said it would restart one of its two temporarily idle blast furnaces in Dunkirk, northern France, in August. ArcelorMittal plans to restart the No. 3 blast furnace in August, with an annual crude steel production capacity of 3 million tons per year, but the exact date has not yet been set. Dunkirk (Dunkerque) has three blast furnaces with a total annual production capacity of 7 million tons, but only one is currently in operation. The two largest blast furnaces were temporarily shut down in March and April as demand fell due to a coronavirus pandemic. "View details
[by 2020, the recovery and utilization of major renewable resources of 100 innovative backbone enterprises in Beijing-Tianjin-Hebei and its surrounding areas will reach 150 million tons.] the Ministry of Industry and Information Technology issued the "Beijing-Tianjin-Hebei and surrounding areas Industrial Resources Comprehensive Utilization Industry Synergetic Transformation and upgrading Plan (2020-2022)." by 2022, the regional annual comprehensive utilization of industrial solid waste will reach 800 million tons, and the recovery and utilization of major renewable resources will reach 150 million tons. The total industrial output value exceeded 900 billion yuan, forming 30 industrial agglomeration areas with distinctive characteristics, building 50 industrial innovation centers, and cultivating 100 innovative backbone enterprises. In the region to cultivate a number of recycled copper, recycled aluminum high-value utilization benchmarking enterprises. Hold the construction of the power battery resource utilization project, and comprehensively improve the regional decommissioned power battery recycling capacity. Fifteen renewable resources industrial parks have been built in Ziya, Tianjin, Dingzhou, Hebei, Linyi, Shandong, Xuchang, Henan, and Baotou, Inner Mongolia.
[the Ministry of Environment, the Ministry of Public Security, and the Supreme people's Procuratorate jointly crack down on illegal and criminal acts of hazardous wastes from July to November] recently, the Ministry of Ecology and Environment, the Ministry of Public Security, and the Supreme people's Procuratorate jointly issued the Circular on severely cracking down on Environmental crimes of Hazardous wastes, and decided to organize crackdown actions against illegal transfer and dumping of hazardous wastes from July to November 2020, so as to find out the chains of generation, transportation, and dumping. Heavy penalties shall be imposed on the enterprises and individuals involved in the chain.
CSRC: openly solicit opinions on the revision of the interim measures for the closure of margin of Futures Brokerage companies. When a client overdraws or passes through a position in futures trading, resulting in a lack of margin, the futures company shall promptly make up the margin with its own funds and shall not occupy the margin of other clients. A futures company shall, in accordance with the settlement method permitted by relevant laws and regulations, make money for the client from the margin account, and shall not transfer the deposit to the customer's own capital account and then make the deposit to the client from the self-owned capital account.
Bancassurance Regulatory Commission: issue the notice on doing a good job in emergency response to flood and waterlogging geological disasters and financial support for post-disaster reconstruction. Supervise and urge insurance institutions under their jurisdiction to do a good job in the investigation and settlement of claims, arrange funds and resources in advance, and pay reparations in combination with actual prepayments for cases that are temporarily difficult to investigate and determine losses on the spot due to the impact of the disaster, so as to help affected enterprises and people resume production and life in a timely manner. We will actively help small and micro enterprises and individual industrial and commercial households in distress, and increase the preference for resources in the field of inclusive finance.
The people's Bank of China and the CSRC will strengthen regulatory cooperation and coordination and jointly supervise and manage the issuance, registration, trading, custody, clearing and settlement of bonds carried out through interconnection.
SASAC held a mid-year video conference of central enterprise leaders in Beijing on July 17 to summarize the work in the first half of 2020 and arrange tasks for the second half of the year. The meeting called for giving prominence to the optimization of the layout and structural adjustment of state-owned capital, taking the preparation of the 14th five-year Plan as an important starting point, strengthening the strategic leading role of planning, highlighting the optimization and upgrading of major industries, and actively promoting reorganization and integration. we will promote the construction of the Belt and Road Initiative with high quality, and further enhance the overall function and allocation efficiency of state-owned capital.
Yan Pengcheng, director of the National Economic Comprehensive Department of the National Development and Reform Commission, said that it is necessary to formulate and introduce differentiated support measures for industries and enterprises that have been greatly affected by the epidemic and are more difficult to operate, further refine policies to aid enterprises, such as rent reduction, fee reduction and interest reduction, make good use of monetary policy tools that go directly to the real economy, promote the financial system to reasonably transfer 1.5 trillion yuan of profits to all kinds of enterprises, and pay more attention to giving full play to the role of policy financing guarantee. The scale of the new re-guarantee business of the national financing guarantee fund shall not be less than 400 billion yuan. We will vigorously support and guide enterprises to integrate with technological innovation such as the digital economy and intelligent manufacturing, speed up transformation and upgrading, and improve market competitiveness.
The International Monetary Fund (IMF) said in a statement concluding consultations on Article IV of the United States on the 17th that the US economy is expected to contract at an annualised rate of 37% in the second quarter and 6.6% for the whole year due to the impact of economic activity hit by the new crown epidemic. The statement said that the longest economic expansion in US history has been disrupted by the new crown epidemic, and nearly 15 million Americans have lost their jobs as a result. Despite the unprecedented policy support provided by the US government to the economy, there is great uncertainty about the outlook for the US economy, and it may take a long time for the economy to recover to its pre-epidemic level.
Affected by the blockade of the epidemic, global debt jumped to a record $258 trillion in the first quarter of this year, rising more than 10 percentage points as a share of GDP to 331%, an all-time high, according to the (IIF) of the Institute of International Finance. Emerging market debt as a share of GDP rose from 220 per cent to 230 per cent in the first quarter, but dollar-denominated liabilities fell by $700m to $72.5 trillion, mainly because emerging market currencies depreciated against the dollar.
The Fed has recently bought more corporate bonds than ETF. The Fed announced in mid-June that it would update its secondary market corporate credit facility, (SMCCF), to formally buy corporate bonds to support market liquidity and credit availability for large employers.
[German Economic Research Institute: China is expected to become Germany's largest export destination in 2020] the global economic crisis brought about by the new crown epidemic has dealt a heavy blow to German exports, and Germany's export market continues to deteriorate. On July 16, the German Institute for Economic Research in Cologne released a report saying that with the improvement of China's economic situation, China is expected to become Germany's largest export destination during the epidemic crisis.
[national Bureau of Statistics: commodity housing sales prices rose slightly in June] according to preliminary estimates in June, the sales prices of newly built commercial housing in four first-tier cities rose 0.6% month-on-month, down 0.1 percentage points from the previous month. Among them, Beijing, Shanghai, Guangzhou and Shenzhen rose 0.4%, 0.5%, 0.6% and 0.8% respectively. The price of second-hand housing sales rose 1.0% month-on-month, down 0.1 percentage points from the previous month. Among them, Beijing, Shanghai, Guangzhou and Shenzhen rose 0.7%, 0.4%, 0.8% and 1.9% respectively. The sales prices of new commercial housing and second-hand housing in 31 second-tier cities rose 0.9% and 0.5% respectively from the previous month, an increase of 0.3 and 0.1 percentage points respectively over the previous month. The sales prices of new commercial housing and second-hand housing in 35 third-tier cities rose 0.8% and 0.5% respectively from the previous month, an increase of 0.1 and 0.2 percentage points respectively over the previous month.
[a number of foreign enterprises intend to participate in the construction of Hainan free trade port] recently, Hainan International Economic Development Bureau and Sanya Municipal Government formed an investment promotion team to carry out investment promotion activities in Shanghai. Mizuho Bank (China) Co., Ltd., Mitsubishi Commercial (China) Co., Ltd. and many other foreign enterprises expressed their desire to participate in the construction of Hainan free trade port and intend to deepen cooperation with Hainan in many fields.
[charging piles] National Energy Administration: by the end of June 2020, the number of various types of charging piles in China has reached 1.322 million, of which 558000 are public charging piles, ranking first in the world. The State Energy Administration has organized and carried out the planning and adjustment of the main grid of the national power grid in 2020, and it is expected that 124 new projects of the main grid will be realized this year, with a total investment of about 74.6 billion yuan.
[the Shanghai Municipal people's Government approved the "Special Plan of Shanghai Pudong Comprehensive Transportation Hub"] pointed out that the Pudong Comprehensive Transportation Hub should plan and build a "fast, convenient, accessible and green" comprehensive transportation collection and distribution system. Rail transit planning forms a layout scheme of "5 urban lines + 2 urban lines + multiple local lines". Road system planning forms an external rapid distribution network of "three vertical and five horizontal" and a regional trunk road system of "twelve horizontal and thirteen vertical". The freight transportation system should strengthen the freight traffic organization in the area of Pudong comprehensive transportation hub in accordance with the principle of "east-west separation and north-south separation". Shanghai East Railway Station is planned to connect with the Shanghai-Tong Railway (connecting the north-south railway along the Yangtze River) and the Shanghai-Chahang Railway. Through the conversion of the municipal line network, it will be connected to the Shanghai-Suzhou-Lake Railway, the Shanghai-Hangzhou intercity and the Shanghai-Nanjing and Shanghai-Hangzhou channels. At the same time, it is planned to reserve the access mode of the Shanghai-Zhou-Ningbo railway channel.
[national Development and Reform Commission: will continue to focus on key links such as national major strategies and weak areas to promote the construction of major projects] the National Development and Reform Commission said that in the next step, it will continue to work with relevant parties to focus on key links and weak areas such as major national strategies, "two new and one heavy", precise financing, precise projects, precise policies, promote the construction of major projects, and rationally expand effective investment. Give further play to the key role of investment. First, make good use of investment funds. Er is to strengthen the guarantee of project elements. The third is to strengthen the reserve of major projects.
[energy Bureau: orderly promotion of large-scale coal mine projects under construction and new construction] State Energy Administration: on the premise of ensuring the prevention and control of the epidemic, organize relevant enterprises to speed up the preliminary work of coal mine projects, promote the construction of large-scale coal mine projects under construction and new construction in an orderly manner. We will organize key areas to establish a work contact mechanism, summarize the progress of coal mine work resumption, and promptly study and coordinate the problems existing in coal mine work resumption. at present, the rate of coal mine work resumption has reached 92.1%.
[big trading house: speed up the listing of oil and oil options to speed up the research and development of soybean oil and palm oil options] the relevant person in charge of the Shanghai Office of the Dalian Commodity Exchange said that he would further study and promote the opening up of the oil and oil derivatives market to the outside world. to further enhance the international representativeness and influence of the prices of big trading houses. Speed up the listing of oil and oil options, accelerate the research and development of soybean oil and palm oil options, and provide more abundant risk aversion tools for industrial enterprises. Further improve the market efficiency of oil and oil derivatives. According to the changes of the industry, timely adjust the quality standards of variety delivery and delivery measures to make the relevant contracts closer to the actual situation of changes in soybean sources. Further study to expand the range of warehouse receipt transactions, and gradually introduce more oil and oil varieties of warehouse receipt transactions.
[crude oil] Shanghai International Energy Trading Center: on July 17, the main crude oil futures contract 2009 closed at 300.7 yuan per barrel, down 1.64%. The main contract turnover was 83421, and the position increased by 5510 to 55941. All contracts traded 139860 lots, and the position increased by 3657 lots to 131750 lots.
[the National Development and Reform Commission held a teleconference to deploy the national energy peak summer work in 2020] the meeting stressed that in terms of coal supply, the first is to deepen the reform of the medium-and long-term coal contract system, further increase the proportion of contracts, and make full use of credit means to strengthen the supervision of performance. The second is to deepen the reform of the coal reserve system, combine the responsibility of coal reserves with coal production, consumption and import, and make every effort to improve the capacity of coal reserves. Third, deepen the reform of the coal trading system, effectively play the role of the national coal trading center, and promote the formation of a unified and standardized national coal trading market. The fourth is to strengthen coordinated supply in key regions, promote the establishment of a collaborative supply mechanism between major coal producing provinces and major consumer areas, and form a long-term strategic cooperative relationship between cross-regional supply and price stability.
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