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On March 6, Zheng Shajie, director of the National Development and Reform Commission, Lan Foan, minister of finance, Wang Wentao, minister of commerce, Pan Gongsheng, governor of the People's Bank of China, and Wu Qing, chairman of the China Securities Regulatory Commission, answered questions from Chinese and foreign reporters on development and reform, fiscal budget, business and other related issues
Zheng Shajie, director of the national government, said that the "Action Plan for Promoting Large-scale Equipment Renewal and Consumer Goods Trade-in" will focus on the implementation of "four major actions" of equipment renewal, consumer goods trade-in, recycling, and standard improvementEquipment renewal will be a huge market with an annual scale of more than 5 trillion yuan.
Lan Foan, Minister of Finance, said that moderate afterburner, quality and efficiency improvement are the keynote and characteristics of this year's fiscal policy. Moderate efforts are mainly made to coordinate the use of various fiscal policy tools, appropriately expand the scale of fiscal expenditure, implement preferential tax policies, and promote high-quality development. In 2024, the budget arrangements for education, social security and employment will all exceed 4 trillion yuan.
Wang Wentao, Minister of Commerce, said that there are two key tasks to be done to promote consumption in 2024The first is to promote the trade-in of consumer goods such as automobiles, home appliances, home decoration, kitchen and bathroom, and the second is to boost service consumption.
Pan Gongsheng, governor of the People's Bank of China, saidAt present, the average deposit reserve ratio of China's banking industry is 7%, and there is still room for RRR reduction in the future。Maintaining stability and promoting a moderate rebound will be taken as an important consideration of monetary policy.
Wu Qing, chairman of the China Securities Regulatory Commission, saidHigh-quality listed companies are the cornerstone of the endogenous stability of the capital market, and we must focus on improving the quality of listed companies。It is necessary to crack down on all kinds of violations of laws and regulations as soon as they are exposed, and focus on cracking down on major violations of the law in key areas. It is necessary to strictly control the entrance, and the IPO listing of enterprises must not be for the purpose of "collecting money", let alone fake and fraudulent listings.
During the 2024 National "Two Sessions", many deputies to the National People's Congress and members of the Chinese People's Political Consultative Conference (CPPCC) enthusiastically put forward suggestionsIt mainly focuses on "intelligent", "green and low-carbon", "resource integration" and other aspects。MySteel has summarized the suggestions of the members of the 2024 *** table for the steel industry.
According to the China Federation of Things, the global manufacturing PMI in February was 491%, although it decreased by 02 percentage points,However, it has remained stable at more than 49% for two consecutive months, up from 47 in the fourth quarter of last yearThe average of 9% shows that the recovery of the global manufacturing industry is still relatively stable, and the recovery level is still better than that in the fourth quarter of last year.
ADP employment in the United States rose by 140,000 in February, the largest increase since December 2023, an expected increase of 150,000, the previous value was revised to 1110,000 people.
Fed Chair Jerome Powell saidThere may be an appropriate rate cut at some point this year；The Fed remains highly concerned about inflation risks and expects that lowering the policy rate will not be appropriate until there is greater confidence that inflation can continue to fall towards 2%.
On March 6, the country's main port iron ore transaction was 76000000 tons, down 1 month-on-month7%；237 mainstream first-class construction steel transactions 9450,000 tons, an increase of 9% month-on-month.
Shagang will reduce scrap steel by 50 yuan tons from March 6, 2024, the specific scrap** is subject to 2024-f3**.
According to Mysteel's research, 40 blast furnaces are planned to resume production in March, involving a production capacity of about 1390,000 tons per day; There are 8 blast furnaces planned for maintenance, involving a production capacity of about 4430,000 tons per day. It is estimated that the average daily output of blast furnace molten iron in steel mills in March will be about 2.27-2.29 million tons-day, up from 239 in the same period last yearThere is still a big gap of 50,000 tons per day.
As of March 5 (the twenty-fourth day of the first lunar month),Centennial Construction Survey The resumption rate of 10,094 construction sites across the country was 629%, a year-on-year decrease of 136 percentage points；The labor rate was 575%, a year-on-year decrease of 107 percentage points; The rate of funds in place is 447%, an increase of 31 percentage point.
This week, the average cost of molten iron excluding tax in Tangshan's mainstream sample steel mills was 2,812 yuan, and the average cost of billet including tax was 3,633 yuan, down 73 yuan tons week-on-week, compared with 3,480 yuan tons of billet ex-factory on March 6, the average loss of steel mills is 153 yuan tons.
This week, a sample of 110 coal washing plants across the country:The operating rate was 6789%, an increase of 1 over the previous period8%；The average daily output is 57060,000 tons, an increase of 0930,000 tons; Raw coal stocks 255190,000 tons, an increase of 2530,000 tons; Refined coal inventory 139990,000 tons, an increase of 5410,000 tons.
On March 6, the average cost of 40 independent electric arc furnace construction steel mills was 3,971 yuan, a decrease of 15 yuan tons from the previous day. The profit of Gudian was 31 yuan tons, and the average profit loss was 73 yuan tons.
A 1250m blast furnace of Yangchun New Iron and Steel Co., Ltd. is planned to be shut down for overhaul from March 8, with a planned time of 30-40 daysIt is expected to affect the average daily output of hot metal by 040,000 tons.
Nippon Steel Yingkou Steel Plant overhauled a 2,300m blast furnace on March 5It is expected that production will resume on May 6, affecting the average daily amount of iron by about 060,000 tons.
In mid-to-late March 2024, Shandong Laigang Yongfeng Iron and Steel ***, a new 3000m blast furnace will be ignited. It is understood that the blast furnace is mainly used for the production of platesIt is planned to produce slabs at the end of March and hot coils in June, with an annual production capacity of 5.5 million tons.
Zhao Jianze, member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), Secretary of the Party Committee and Chairman of Shanxi Coking Coal Group, suggestedStrengthen the protection of coking coal resources, and ensure the sustainable development of the industry through classified management, formulation of protective development plans and the construction of a strategic reserve system。Advocate accelerating scientific and technological innovation, industrial upgrading and deepening reform to promote the high-quality development of the coking coal industry.
On March 5, Indonesia Dexin Steel 3 coke oven was put into operation. 3 The commissioning of the coke oven marks the commissioning of the whole process of the first phase of the expansion project of Indonesia Dexin SteelSo far, DXN's coke production capacity has reached 2.8 million tons per year.
March 6thC&D Group, the parent company of C&D Co., Ltd., and HBIS Group signed a strategic cooperation framework agreement on the whole industry chain in Xiamen。According to the agreement, in the future, C&D Group and HBIS Group will fully explore cooperation and development opportunities in the fields of advanced chain, steel deep processing, future scenario system solutions for household appliances, digital industry, land and other urban mineral resources development and utilization, and modern enterprise management.
Shanxi issued a notice on further strengthening the safety production of open-pit coal mines, and put forward six requirements for further strengthening the safety production of open-pit coal minesThis includes strict implementation of the main responsibilities of coal mining enterprises, and deepening the investigation and management of hidden disaster-causing factors.
Zheng Shang issued an announcementThe trading margin standard of thermal coal **2503 contract is 50%, and the price limit is 10%.If the trading margin standard and price limit range implemented in accordance with the rules are higher than the above standards, they will still be implemented in accordance with the original provisions.
According to incomplete statistics from Mysteel, as of March 5, a total of 18 provinces have announced a list of key projects in 2024, with a total of 18,101 projects. Among them, 17 provinces, including Guangdong, Fujian, Hubei, Chongqing, and Henan, announced annual planned investmentAbout 8 in total75 trillion yuan.
In February 2024, the total area of newly built commercial housing transactions (contracts) in 10 key cities was 386360,000 square metersdown 62 year-on-year4%, down 532%。In the same period, the total area of second-hand housing transactions (contracts) in 10 key cities was 371460,000 square meters, down 48 percent year-on-year4%, down 48% month-on-month.
58.com and Anjuke released a notice showing thatIn February, China's new home search enthusiasm and home buyers' confidence index both rebounded month-on-month。The popularity of new houses in 65 key cities is **186%, among the first-tier cities, Shenzhen's new housing popularity increased the highest month-on-month, reaching 324%。The homebuyer confidence index is 950, month-on-month **43%。
The Sanya Municipal Bureau of Housing and Urban-Rural Development issued the Notice of the Sanya Municipal Bureau of Housing and Urban-Rural Development on Carrying out the Special Rectification Work on the Pre-sale (Sale) of Commercial Housing. The notice proposes to strengthen the management of information publicity on the sales site of commercial housingStrictly investigate and deal with violations of laws and regulations such as collusion with development enterprises to increase sales, illegal charges, and reluctance to sell.
China Evergrande Announcement,The Company has received a letter from the Hong Kong Stock Exchange setting out the resumption guidance on the resumption of trading in the Company's shares。Previously, due to a winding-up order issued by the Hong Kong court, China Evergrande** has suspended trading since January 29.
According to the preliminary statistics of the Passenger Association, from February 1 to 29, the passenger car market retailed 10920,000 vehiclesIt decreased by 21% year-on-year and 47% month-on-month, a total of 312 retail sales since the beginning of this year60,000 units, up 17% y/y.
According to MySteel statistics, as of March 6, 2024, 14 automakers released new energy vehicle sales data for February. Among them, BYD, Cialis, and Li Auto ranked among the top three in February
During the 2024 National "Two Sessions", many deputies to the National People's Congress and members of the Chinese People's Political Consultative Conference (CPPCC) enthusiastically put forward suggestionsMySteel has summarized the suggestions of the committee members for the machinery industry in 2024.
During the 2024 National "Two Sessions", a number of deputies to the National People's CongressCPPCC members enthusiastically put forward suggestions, mainly focusing on "dual carbon", "artificial intelligence", "green ships", "digital economy" and other aspects。MySteel has summarized the suggestions of the members of the 2024 table for the marine industry.
According to Clarkson's data, in February, South Korean shipbuilders ranked first in the world in terms of the number of orders undertaken, overtaking China. The data shows thatGlobal ship orders in February were 3.41 million revised gross tons (CGT, 100 units), up 18% year-on-year。South Korea contracted 1.71 million CGT (50%, 28 ships), ranking first; China contracted 1.41 million CGT (41%, 59 vessels), ranking second.
Time to be determined China's import and export and ** account from January to February;
15:00 German factory orders in January;
Time to be determined China's foreign exchange reserves in February;
21:30 U.S. initial jobless claims for the week of March 2, January ** account, Canada January ** account;
21:45 ECB President Christine Lagarde holds a press conference on monetary policy.
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