Coking coal futures rose from the production capacity shuyue

Coking coal futures rose from the hot column capacity to capital flows thousands of thousands of stocks the latest Rating Rating diagnosis simulated trading client Sina fund exposure table: the letter Phi lag of false propaganda, long-term performance is lower than similar products, to buy the fund by the pit how to do? Click [I want to complain], Sina help you expose them! The reporter Ruan Xiaoqin, editor of millet coking coal futures rose again. Yesterday, the main coking coal contract closed 999 tons, an increase of 4.5%. The coking coal market can be described as the darling of the main coking coal contract since last November rose 1.08 times. The same raw materials, iron ore Rose Road is the main contract in April, striking one snag after another, May September three, smashed a pit, yesterday to close at 413 yuan per ton, or 1.35%. Since December last year, the cumulative increase of 50% iron ore contract. Iron ore and coking coal have the same downstream steel. Why the same downstream demand, the upstream rally is different? Xu Xiangchun, director of the information, I believe that the main reason is the administrative intervention, the national development and Reform Commission on the coal industry put forward 276 working days a year requirements. China’s dependence on foreign coking coal 10%, thus coking coal prices mainly determined by domestic production capacity. In February this year, the State Council issued the "on the coal industry to resolve overcapacity turnaround development". In April, the National Energy Bureau issued "on further standardize and improve the operation of the coal production order notice" requirements, the national coal mine since 2016 according to the annual working time is not more than 276 working days, the coefficient of current coal mine compliance capacity multiplied by 0.84 after rounding, as new compliance production capacity. 276 working days, equivalent to 14 a year to stop production. My steel statistics show that since this year, the cumulative decline in coal production. After the introduction of regulations, coal prices all the way up. Coking coal reserves less, the supply is more scarce, the current inventory fell to normal low level, the price has doubled. In September, the national development and Reform Commission held a meeting to study and formulate a stable supply of coal, the relevant plans to curb excessive increases in coal prices. However, the meeting has not let go of the 276 day work system. "My iron and steel" coking coal analyst Xiong Chao said that this year the black industry chain logic is very different. The cost of iron ore is the leading steel price, this year is the supply side of the reform of the black industry chain. Affected by production cuts, this year, China’s coal, steel prices all the way up, making iron ore fell. China’s dependence on foreign iron ore close to 85%. In a fully market-oriented environment, the world’s four major iron ore mines continue to expand production costs, resulting in a large number of iron ore production in China, the port’s iron ore stocks close to record highs. Even so, iron ore futures this year also rose nearly 50%. THE_END to enter [Sina financial stocks] discussion相关的主题文章: