1. China Iron and Steel Association: In mid-February, the average daily crude steel output of key steel enterprises was 2,282,400 tons
China Iron and Steel Association statistics show that in mid-February 2020, key steel companies produced 22,823,600 tons of crude steel, 2,209,700 tons of pig iron, and 21,608,600 tons of steel. The average daily output of crude steel this week was 2,282,400 tons, an increase of 3.49% month-on-month, and a year-on-year increase of 24.38%; pig iron was 2.021 million tons, a month-on-month increase of 3.65%, and a year-on-year increase of 16.99%; steel 2,210,900 tons, a month-on-month increase of 2.82%, an increase of 25.3%. In mid-February 2021, the average daily crude steel output of key steel enterprises increased by 64,400 tons from the second high in mid-January, setting a new record high.
In mid-February, the steel inventory of key steel companies was 17.5473 million tons, an increase of 3.0791 million tons from the previous month, an increase of 21.28%; an increase of 5,926,200 tons from the beginning of the year, an increase of 51.0%; a decrease of 3,794,200 tons from the same period last year, a decrease of 17.78%.
Daming International issued an announcement on February 22 that according to China Baowu’s disclosure of interest form submitted on December 28, 2020, China Baowu has an interest in 207,500,000 shares of the company, accounting for approximately 16.66 of the company’s total issued share capital on the date of this announcement. %.
According to the announcement, since China Baowu owns approximately 16.66% of the company’s total issued share capital and has become a major shareholder of the company, it has become a core connected person of the company according to the listing rules.
3. Shanxi speeds up the development of residual coalbed methane resources in coal mined areas
Shanxi Province has issued a series of policies to clarify the conditions of coal mining rights in different regions, implement classified policies, and actively and steadily carry out coalbed methane resource extraction tests in goafs (abandoned mines).
According to preliminary investigations, the coal mined-out area (abandoned mine) with development and utilization value in Shanxi Province covers an area of approximately 2052 square kilometers, and the estimated residual CBM resources are approximately 72.6 billion cubic meters.
Futures night trading: 25 days before the night trading, the snail 05 opened 4615, the interday opened high, the highest 4666, the lowest 4612, closed at 4644, up 73 or 1.60%. Futures snails remain strong in the short term, and long orders can be held appropriately. (Note: All the main contracts are the difference between the settlement price and the previous day’s settlement price)
In terms of raw materials: the Tangshan steel billet was stably reported at 4230 yuan/ton yesterday. At present, some local and surrounding steel mills in Tangshan and surrounding carbon billet reported 4230 yuan/ton, all including tax and ex-factory, and the naked price of merchants was 3930 yuan.
Comprehensive point of view: The current high spot looseness, the overall trading is weak, and the centralized arrival of goods since the Spring Festival in some areas, the pressure of lowering the warehouse is too large, and the price needs to be high and the transaction is more negotiable. Hot rolled coils are expected to be finished at a high level today.