The hottest steel and coal prices rose to stimulat

The rise of steel and coal prices stimulated production, and the economy partially stabilized in August

the rise of steel and coal prices stimulated production, and the economy partially stabilized in August

China Construction machinery information

yesterday, the National Bureau of statistics released the heavy data of economic operation in August, which comprehensively exceeded the expected economic data, indicating that the economy has warmed up. However, Sheng Laiyun, spokesman of the Bureau of statistics, still pointed out that the downward pressure on the economy remained

among them, in August, the added value of industries above Designated Size hit the maintenance skills of this year's universal material testing machine? The above content is a detailed introduction to this problem. The growth rate of private investment has also returned to the positive range since March, and consumption has increased steadily driven by car sales. However, the economic recovery is caused by policy promotion, and overdraft of follow-up policy space may be unsustainable. At the same time, the price increase of steel and coal forces enterprises to return to work with strong willingness, which means that in order to complete the established task, the capacity reduction in the future urgently needs to be accelerated, putting pressure on industrial growth

the rise in steel and coal prices stimulated production, and the economy partially stabilized in August

Liu Xuezhi, an analyst at Bank of communications, believes that from the current situation, the economic growth rate in the third quarter may be about 6.7%, or higher, and the annual economic growth rate is also around 6.7%, but the economy has not accelerated, but only stabilized

Shaanxi heavy trucks often flock on the road about 100 kilometers from Jingtang Port to Qian'an city

these cars go all the way north along Legang Road, Tanggang line and Pingqing Leshan line, mostly pulling iron ore covered with canvas, in order to drive to steel mills of all sizes in the surrounding areas

stimulated by the continuous rise in steel prices, the density of the composite material is up to 99.5%, which is an epitome of the recent acceleration of production by steel mills

according to the data of the National Bureau of statistics, heavy industrial products such as steel, coal, cement and nonferrous metals also showed a trend of month on month acceleration in August. The added value of industries above designated size increased by 6.3% year-on-year, 0.3 percentage points faster than that in July. This is the highest growth rate since April this year

in this regard, Sheng Laiyun, spokesman of the National Bureau of statistics, pointed out that there were indeed many positive changes in August, including the stabilization and recovery of industry, the stabilizing signs of investment growth, and the recovery of consumption and exports. The roller stripping experiment also fully showed that the economic operation has been generally stable since this year

the 21st Century Business Herald learned that the third major supervision group of the State Council has held a mobilization meeting on September 12, and the No. 15 supervision group will go to 31 provinces, municipalities and autonomous regions across the country to supervise the implementation of policies such as steady growth, including the implementation of various policies issued by the State Council this year and the implementation of supply side reforms such as capacity reduction

the production of surplus Industries rebounded

according to the data of the National Bureau of statistics, the national crude steel output in August was 68.57 million tons, an increase of 3% year-on-year, higher than the growth rate of 66.81 million tons in July, an increase of 2.6% year-on-year

in August of the same period, the national raw coal output was 278.09 million tons, with a year-on-year growth rate of -11%, faster than the growth rate of 27.01 million tons in July, with a year-on-year growth rate of -13.1%

in addition, the average daily output of steel, ten non-ferrous metals and cement in August reached 3.158 million tons, 7.023 million tons and 144000 tons respectively, all higher than the output of last month. This shows that the acceleration of industrial growth in August is largely the result of the accelerated production of heavy industry, especially surplus industries

correspondingly, the steel price in August also remained high. For example, on August 25, the steel billet price in Tangshan reached 2350 yuan/ton, the highest in one month

according to the survey of major steel mills in Tangshan, the steel mills that have stopped production since this year have resumed production, including Songting, Xinglong, Antai, No. 1 rolling mill and other steel mills, of which No. 1 rolling mill is the enterprise that resumed production in August. Recently, although the prices of billet and other varieties are declining, the price of hot coil is still strong

Chen Kexin, chief analyst of Lange Economic Research Center, pointed out that the major steel mills accelerated production in August because of the rise in prices, resulting in relatively good corporate profits. In particular, the supply side structural reform has accelerated, and many steel mills are going to reduce production capacity, which has pushed up steel price expectations to a certain extent

this year's infrastructure investment has maintained a high speed, industrial and real estate investment has increased steadily, and the export part has exceeded expectations, which makes the steel demand remain stable this year

"rising prices will stimulate the acceleration of steel production, but too much output and prices will fall, so steel production may fluctuate like prices this year." Chen Kexin said

since then, the steel price has continued to fall. On June 20 this year, the billet price reached 1790 yuan per ton, and by August 25, it has rebounded to 2350 yuan per ton

from the perspective of specific demand for steel, the monthly infrastructure investment (excluding power, heat, gas and water production and supply industries) was 7082.7 billion yuan, an increase of 19.7% year-on-year, and the growth rate was 0.1 percentage points faster than that in January. Among them, the investment in railway transportation industry increased by 8.5%, and the growth rate fell by 1 percentage point. In August 2016, the added value of industries above designated size increased by 6.3% year-on-year, 0.3 percentage points faster than that in July. In June, the national real estate development investment was 6438.7 billion yuan, with a year-on-year nominal increase of 5.4%, and the growth rate was 0.1 percentage points higher than that of the month

Lu Zhaohui, general manager of Shandong Huaxin industry and Trade Co., Ltd., told that the reason why more iron ore is imported is that the price is low and the quality of foreign iron ore is better. With the same funds, more ore can be imported. For example, in the past, the proportion of iron ore imported by China was only 45%, but now it has reached 80%

in addition, the current actual price of iron ore is about $50 per ton (the same is true for imports), which has increased compared with previous months, but it is still very low compared with the peak of $200 per ton in previous years, which is one of the reasons why China accelerates its import

the economic growth rate in the third quarter may be about 6.7%

although industry, investment and consumption have accelerated in August, it cannot be said that the economy has entered a new growth cycle

figures released by the National Bureau of statistics showed that the growth rate of added value of industries above Designated Size in August was 6.3%, up 0.3 percentage points from last month. In August, the growth rate of power generation was 0.6 percentage points faster than that of last month, and the growth rate of railway freight volume changed from negative to positive. The railway freight volume increased by 1% in August and decreased by 5.8% last month

in addition, investment increased by 8.2% in August, 4.3 percentage points faster than that in July. In August, the total retail sales of social consumer goods increased by 10.6%, and the actual increase after deducting prices was 10.2%, 0.4 percentage points higher than that of last month. Among them, the automobile sales of retail enterprises above the designated size increased by 13.1%. Pulling the society to draw the experimental characteristic curve will accelerate the growth rate of total retail sales of consumer goods by about 0.5 percentage points

however, it cannot be said that the economy will accelerate in an all-round way. Wang Xiaoguang, a researcher at the decision-making and consulting department of the National Academy of administration, told that there are signs of stabilization in some parts of the economy at present, which is the result of the role of policies

at present, many large projects have begun to be put into operation, but private investment is still very slow, and the growth rate is still very low compared with the national fixed investment, which shows that the power of the market has not yet played a good role

"the economic downturn is the result of the lack of new impetus when the old and new impetus are converted. To cultivate new momentum, we need to speed up reform and structural adjustment. Simply stimulating real estate, stimulating investment, and relaxing the currency can not fundamentally solve the problem. After the pain, there will be new life. The old will not go, and the new will not come." He said

it is understood that since this year, the structural reform on the supply side has achieved some results, such as the year-on-year decline of raw coal production by 10.2% and the decline of inventory by 12.2%; Crude steel production fell by 0.1% in January. From the perspective of deleveraging, the asset liability ratio of Industrial Enterprises above designated size was 56.4% at the end of July, down 0.6 percentage points from the same period last year

from the perspective of destocking, real estate inventory continued to decline, and the area of commercial housing for sale decreased for six consecutive months. At the end of August, it decreased by 5.12 million square meters compared with the end of July, and the monthly cumulative decrease was more than 30million square meters. In terms of cost reduction, the cost of Industrial Enterprises above designated size per 100 yuan of main business income in January was 85.83 yuan, a decrease of 0.25 yuan over the same period last year

however, from the crude steel and coal production in August, the month on month increase. This shows that the output is increasing after short-term capacity removal

in addition, the central bank data also showed that at the end of July, RMB loans increased by 463.6 billion yuan, a year-on-year decrease of 1.01 trillion yuan. In terms of sub sectors, loans to the household sector increased by 457.5 billion yuan, reflecting insufficient financial support for entities and more funds entering real estate

Liu Xuezhi, an analyst at Bank of communications, believes that from the current situation, the economic growth rate in the third quarter may be about 6.7%, or higher, and the annual economic growth rate is also around 6.7%, but the economy has not accelerated, just stabilized