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Crude oil continues to fall sharply. What is the impact of the plan to stop production and limit production in many steel mills on the black system?_SMM

The content below was translated by Tencent automatically for reference.
By the end of the afternoon of July 20, some varieties in the domestic commodity futures market had fallen sharply. Rubber, low-sulfur fuel, styrene and beans fell by more than 5%; rubber, low-sulfur fuel, styrene and beans fell by more than 4%; pulp, fuel and PTA fell by more than 3%; asphalt, Shanghai nickel, LPG, Shanghai silver, red dates, glass and apples fell by more than 2%; coke and coking coal rose by more than 2%; and thermal coal, eggs and PP rose by more than 1%.
With worries, crude oil futures continue to decline.
Over the weekend (July 18), OPEC + issued an official statement saying that the major oil-producing countries had reached a preliminary agreement. Analysts believe that although this move avoids the collapse of the production reduction alliance, because a number of oil-producing countries have increased their total production baseline to 1.63 million barrels per day, which i ....

Chen Dong , United Arab Emirates , Zhao Yi , Saudi Arabia , Xia Xuezhao , Zheng Mengqi , National Development , Sinosteel Futures Black Department , Baocheng Futures Energy Co Ltd , Reform Commission , National Bureau Of Statistics , Ministry Of Industry , Zhonghui Futures Energy , Information Technology , Futures Black Department , Jiangsu Steel , Jiangsu Province , Jiangsu Steel Plant , Southwest Futures Black Department , Futures Daily , National Bureau , சென் டாங் , ஒன்றுபட்டது அரபு அமீரகங்கள் , ழோ இ , சவுதி அரேபியா , தேசிய வளர்ச்சி ,

Coal in short supply? Market participants: there are doubts about the persistence of the rise of "priceless"._SMM

The content below was translated by Tencent automatically for reference.
It is reported that coal prices have been rising since the beginning of this year and have risen significantly since the beginning of June after a brief correction in mid-May. Market participants generally believe that tighter safety regulations, growing demand and rising import costs are the main factors supporting the rise in coal prices this round.
on the one hand, the demand for coal is strong, on the other hand, the overall coal supply situation is tight this year. Zeng Xiang, a senior black analyst at Yide Futures, told Futures Daily that in the first half of this year, China s economy continued to recover, industrial production was exuberant, and electricity demand continued to rise. According to the National Bureau of Statistics, China s raw coal increased by 8.8% from January to May compared with the same period last year, but thermal power generation from January to May increased by 16% co ....

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Copper, aluminum and zinc should be thrown into chu? Five ministries and commissions investigated the situation of coal hoarding in Caofeidian Port._SMM

Copper, aluminum and zinc should be thrown into chu? Five ministries and commissions investigated the situation of coal hoarding in Caofeidian Port._SMM
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China considers price controls on surging coal market

China considers price controls on surging coal market
Impunzi coal mines South Africa. Image: Glencore
China is considering imposing a cap on the price of thermal coal as it struggles to contain stubbornly high energy costs ahead of peak demand over the summer.
One idea under discussion is to cap the price at which miners sell coal, according to people familiar with the plan, who declined to be named because the matter isn’t public. Yulin, a major production base in northwestern Shaanxi province, is already testing a price cap, one of the people said.
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CN-Tangshan reportedly to ease emission restrictions on steel production

CN-Tangshan reportedly to ease emission restrictions on steel production
Tangshan, the world’s largest steel-producing city in North China’s Hebei Province, may ease restrictions on steel production after a meeting aiming to adjust emission control requirements and proportion for iron and steel producers was held on Monday, according to media reports.
Iron and steel enterprises that have completed the evaluation of ultra-low emission transformation in Tangshan will be exempted from a certain proportion of emission reduction tasks with an ease on the control of iron and steel production, the Futures Daily reported on Tuesday.
Five enterprises which were originally required to reduce 50 percent of emissions for their daily production are now recommended to adjust the ratio to 30 percent, with the other 15 enterprises to adjust the reduction to 20 percent, said media reports. ....

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