macroview+politicsPolicy
[National Standing Committee: Deploying the timely use of monetary policy tools to more effectively support the development of the real economy]
On April 6, Premier Li Keqiang of the State Council chaired an executive meeting of the State Council, and decided to implement a policy of phased deferral of pension insurance premiums for extremely poor industries, increase unemployment insurance to support job stabilization and training; deploy timely use of monetary policy tools to more effectively support entities economic development. The meeting pointed out that some market players are currently severely impacted, and it is necessary to increase protections such as bailouts and employment. First, for catering, retail, tourism, civil aviation, road, water, and railway transportation and other extremely difficult industries, the payment of endowment insurance premiums will be suspended in the second quarter. The second is to continue to implement the policy of expanding the coverage of unemployment insurance, and continue to provide subsidies to the unemployed and unemployed migrant workers. The third is to increase the ratio of unemployment insurance for small and medium-sized enterprises to return to stable jobs, and increase the support of unemployment insurance funds for vocational skills training.
【Development and Reform Commission: Building an Important Energy Resource Storage and Transportation Base in the South】
On April 7, the National Development and Reform Commission issued a notice on printing and distributing the “14th Five-Year Plan” for the construction of Beibu Gulf urban agglomeration.Build an important energy resource storage and transportation base in the south. Relying on Qinzhou, Maoming and other coastal oil terminals and Beihai LNG receiving terminal, it will build an offshore natural gas hub and oil and gas storage base that radiates to surrounding areas. Steadily advance the exploration and development of oil and gas resources and natural gas hydrates in the South China Sea. Expand the import of resource products, develop crude oil, ore, coal, grain and other bulk materials distribution transactions and supply chain services, strengthen international exchanges and cooperation with ASEAN countries, and promote the establishment of bulk commodity delivery warehouses.
[SixdepartmentsincludingtheMinistryofIndustryandInformationTechnologyissuedadocument:Strictly control new production capacity of oil refining, ammonium phosphate, calcium carbide, yellow phosphorus, etc.]
On April 7, six departments including the Ministry of Industry and Information Technology jointly issued the “Guiding Opinions on Promoting the High-quality Development of the Petrochemical and Chemical Industry during the 14th Five-Year Plan”.proposeThe petrochemical and chemical industry should orderly promote the refining and chemical projects to “reduce oil and increase chemical production”, and extend the petrochemical industry chain. Strictly control the new production capacity of oil refining, ammonium phosphate, calcium carbide, yellow phosphorus and other industries, prohibit new (poly)vinyl chloride production capacity using mercury, and speed up the withdrawal of inefficient and outdated production capacity. Promote the high-end, diversified, and low-carbon development of the coal chemical industry, and develop modern coal chemical industry in a stable and orderly manner in accordance with the requirements of ecological priority, water-based production, total volume control, and agglomeration development.
[China’s commodity index edged up month-on-month in March: poor logistics delays demand recovery]
On April 5, data from the China Federation of Logistics and Purchasing showed that,In March, the China Commodity Index (CBMI) was 100.9%, up 0.1 percentage points from the previous month.Affected by the traditional peak season, the commodity supply index and sales index both stopped falling and rebounded, and business activities such as procurement and production showed positive signs. However, the current market supply and demand structure is still unbalanced. In particular, the current domestic epidemic situation is spreading in many places, and the circulation of raw materials and finished products is not smooth. At present, the industry generally expects that after entering April, the start of key infrastructure projects and the steady recovery of the real estate market will accelerate the release of delayed peak season demand.
[The Caixin China service industry PMI fell to 42.0 in March, the lowest since March 2020]
The March Caixin China General Service Industry Business Activity Index (Service Industry PMI) released on April 6 recorded42.0, a sharp drop of 8.2 percentage points from February, the lowest since March 2020.The previously announced March Caixin China Manufacturing PMI recorded48.1, which also falls into the contraction zone. The prosperity of the two major industries both declined, dragging down the Caixin China Composite PMI by 6.2 percentage points to 43.9 in March, the lowest since March 2020, indicating that the recent epidemic has caused the production and operation activities of enterprises to contract again.
castmakeraw material
[Foundry raw materials: steel mill production resumes raw and auxiliary materials running well]
The epidemic has improved, and steel mills have resumed production. Although transportation is still in the recovery stage, the inventory of steel mills is at a low level, which has led to market transactions, and iron ore prices have risen; billet prices have been weak due to poor market liquidity. Steady operation; pig iron and scrap steel markets are running strongly, and prices are stable and rising; the ferroalloy market is dominated by wait-and-see sentiment, and the spot of ferrosilicon follows the futures; copper and aluminum markets are operating in a differentiated manner.
【Iron ore】
The epidemic has eased. Although there are still restrictions on logistics in some areas, the inventory of steel mills is low, purchases have increased, and iron ore prices have risen.The price of PB powder in Qingdao Port on Friday is1005 yuan/tonthe chain remained unchanged; the price of domestic iron fine powder in Qian’an was1300 yuan / tonthe chain rose 25 yuan / ton, an increase of 2.0%.
【Billette】
This week, the billet market is still in the recovery stage due to transportation and poor market liquidity, resulting in a weak and stable operation of billet prices.Tangshan general carbon billet on Friday was4860 yuan/tonthe chain remained unchanged; Jiangsu ordinary carbon billet was4960 yuan/tonthe chain fell 40 yuan / ton.
【pig iron】
This week, the pig iron market showed a steady upward trend due to the increase in downstream demand.The price of cast iron in Linyi, Shandong on Friday was4600 yuan/tonan increase of 100 yuan / ton, an increase of 2.2%; the price of Handan ductile pig iron was4630 yuan/tonan increase of 130 yuan / ton, an increase of 2.9%; the price of casting pig iron in Linfen, Shanxi was4550 yuan/tonthe chain rose 80 yuan / ton, or 1.8%.
【Scrap Steel】
This week, the scrap steel market was on the strong side, trading was good, and prices rose steadily.The price of heavy waste in Suzhou on Friday is3380 yuan/tonan increase of 40 yuan / ton from the previous month; the price of Xuzhou casting scrap was 3860 yuan / ton, an increase of 20 yuan / ton from the previous month; the price of heavy waste in Handan3445 yuan/tonthe chain was flat.
【ferroalloy】
This week, the ferroalloy market is dominated by wait-and-see sentiment. The spot price of ferrosilicon rises along with the futures quotation, and the price of ferromanganese is stable while waiting for the bidding price of mainstream steel mills.The price of ferrosilicon FeSi75-A in Inner Mongolia on Friday was11000 yuan/tonan increase of 1000 yuan / ton, an increase of 10%; Yunnan 75# high carbon ferromanganese closed at8900 yuan/tonthe chain was flat.
【Copper and aluminum】
This week, the price of copper and aluminum was divided, and the price of electrolytic copper rose slightly.The price of 1# electrolytic copper in Shanghai on Friday is73720 yuan/tonrose 50 yuan / ton, or 0.7% month-on-month; aluminum alloy prices continued to decline slightly. On Friday, the price of Shanghai aluminum alloy ADC12 was21700 yuan/tonfell 300 yuan / ton month-on-month, or 1.4%.
Price chart of raw and auxiliary materials (yuan/ton)
(Note: Imported iron ore concentrate-PB powder-Qingdao is the right secondary axis)
List of market prices of foundry raw materials
castmake+smeltgold
[20 foundry companies in Hebei Province replaced a total of 860,000 tons of production capacity]
In accordance with the requirements of the “Notice of Hebei Provincial Department of Industry and Information Technology, Hebei Provincial Development and Reform Commission, Hebei Provincial Department of Ecology and Environment on Strict Foundry Capacity Management”, the Hebei Department of Industry and Information Technology has issued20The production capacity replacement plan of foundry enterprises has been announced.Total replacement capacity860,000 tons.
[Shandong Development and Reform Commission issued a “two high” project management notice]
Involving casting:
(1) CastingenterpriseFor projects in the existing internal factories that upgrade the original outdated and inefficient smelting and molding equipment without increasing the production capacity, there is no need to formulate the “five reduction alternatives” plan; however, projects that increase energy consumption, coal consumption, carbon emissions, and pollutant emissions must be carried out, etc. Substitute the amount or reduce the amount, and formulate an alternative plan.
(2) For castingpig ironThe replacement ratio of production capacity shall be implemented with reference to the replacement ratio of ironmaking capacity of iron and steel enterprises stipulated by the state.
(3) The foundry industry implementsTotal production capacity control, The Provincial Development and Reform Commission, the Provincial Department of Industry and Information Technology, the Provincial Department of Ecology and Environment and other departments, together with the cities, according to the “four-in” verification, after performing the production capacity announcement process, determine the province and each city’s casting capacity base, establish the province The foundry capacity index pool encourages cities to formulate “scattered, chaotic, dirty, and small” foundry capacity integration plans, allows new high-end foundry projects to be built on the premise of ensuring that the production capacity does not increase, and promotes the industrial park, intensification, and green development of the foundry industry. Improve the supply guarantee capability of basic components. Before the production capacity base is announced, new foundry projects will be replaced by equal or reduced amounts. If there is no alternative source of production capacity indicators for the time being, in accordance with the principle of “establish first and then break”, the project construction is allowed to be carried out after the guidance of the provincial window. Before the project is put into production, the The local county-level people’s government implements the corresponding production capacity replacement indicators and shuts down the corresponding replacement equipment.
[Lu’an Economic and Information Bureau carried out work related to foundry capacity management in April]
On April 6, the Economic and Information Bureau of Lu’an City announced the list of key tasks for April 2022, which mentioned the work related to the management of foundry production capacity. On-site guidance for Lanxiang Textile Machinery, Huaxing Aluminum and other enterprises to carry out the work of withdrawing production capacity; according to the foundry capacity catalogue reported by Lu’an City, go to various counties and districts to guide enterprises to improve software and hardware information, and strive to complete the production capacity in the catalogue through provincial inspection and acceptance; assist production capacity The replacement group formulated and issued the city’s casting capacity management measures.
[Rongtai Co., Ltd.’s die-casting workshop is operating at full capacity, actively deploying new energy vehicle business]
Jiangdu announced that Rongtai Co., Ltd. is a high-tech enterprise integrating mold research and development and manufacturing, aluminum alloy die-casting, and precision machining. Aiming at the direction of lightweight, the company adds rare earth elements to the aluminum alloy to improve and optimize the alloy structure, so that this high-strength light alloy product has better lightweight effect, higher safety factor and better mechanical properties. Its die-casting production workshop has a total of 22 die-casting islands and 44 robots, and nearly 100 million yuan has been invested in software and robot automation alone.In the past 5 years, Rongtai has accumulated investment in equipment250 million yuanonly the aluminum alloy precision die-casting intelligent workshop has intelligent equipment116 units(set).
【Core Casting Saint Light Alloy Casting Project Started】
According to Minnan.com, on April 1, Yunxiao County, Zhangzhou City, Fujian Province held a centralized start and completion activity for key projects in the second quarter of 2022.The total planned investment for the project is100 million yuan5 production lines are planned to be built in the first phase, mainly engaged inR&D and manufacturing of high-end high-quality light alloy castingsAnd the light alloy die-casting technology research and high-pressure casting are the core business radiation; it is expected to complete the recruitment of the production workshop and complete the equipment debugging and start trial production before the end of April. It is expected to reach full production in August, and the annual output value will reach 20 million. Yuan.
【Rui Lisheng Seth accelerates the intelligent transformation of die-casting】
According to reports, in the production workshop of die casting parts of Yangzhou Ruilisheng Seisi Precision Die Casting Co., Ltd., the updated39 unitsThe new robot die-casting equipment realizes automatic production such as robot pick-up and automatic trimming. At the same time, in terms of raw material control and capital, the MES management system saves 1/3 of the inventory.After transformation, the annual output13 million piecesDie castings are lifted to17 million pieces, the production efficiency is greatly improved.Through intelligent transformation, the company produced die-casting parts in the first quarter of this year5000000piececompleted an output value of 105 million yuan, a year-on-year increase of more than 30%, and achieved a good start in the first quarter. This year, it is expected to achieve the goal of 500 million yuan in sales including tax.
[Asian iron ore production peaks in 2025]
According to MiningWeekly, the country risk and industry research team of the Fitch Program under the Fitch Group predicts that iron ore production in the Asia-Pacific region will rise from current levels in 2025.2.16 billion tonsincrease to2.27 billion tonsthen turned into a structural decline, falling to 20312.17 billion tons.
castmakerelated
[ChinaAutomobileAssociation:FromJanuarytoFebruarytheoperatingincomeofmycountry’sautomobilemanufacturingindustryreached1371.91billionyuanayear-on-yearincreaseof6.5%]
On April 7, according to data released by the National Bureau of Statistics compiled by the China Association of Automobile Manufacturers, from January to February 2022, the completed operating income of the automobile manufacturing industry continued to maintain a slight year-on-year growth, reaching1371.91 billion yuanan increase of 6.5% year-on-year, accounting for 7.1% of the total operating income of industrial enterprises above designated size.
[China Automobile Association: From January to February, the export value of my country’s auto parts increased by 8.1% year-on-year]
On April 7, according to the national customs auto commodity import and export data compiled by the China Association of Automobile Manufacturers, from January to February 2022, the export value of my country’s auto parts and components$14.22 billion, an increase of 8.1% year-on-year, accounting for 59.2% of the total export of automobile goods. Among the main export varieties of auto parts, compared with the same period of the previous year, the export value of engines decreased slightly, and the other three categories of auto parts all increased.
[China Automobile Association: The sales volume of the automobile industry in March is expected to be 2.249 million, an increase of 29.5% month-on-month]
According to the calculation of the China Association of Automobile Manufacturers based on the weekly reports submitted by 13 key enterprises, the sales volume of the automobile industry in March 2022 is expected to be completed.2.249 million vehiclesan increase of 29.5% month-on-month and a year-on-year decrease of 11%; the cumulative completion of January-March 2022 is expected to be completed6.517 million vehiclesan increase of 0.5% year-on-year.
[Five departments: Encourage key component suppliers to actively cooperate in opening necessary data agreements related to product safety, quality analysis, etc.]
According to the news from the Ministry of Industry and Information Technology on the 8th, the General Office of the Ministry of Industry and Information Technology, the General Office of the Ministry of Public Security, the General Office of the Ministry of Transport, the General Office of the Ministry of Emergency Management, and the General Office of the State Administration for Market Regulation recently issued guidelines to further strengthen the construction of safety systems for new energy vehicle companies. Opinion. The guiding opinions require that enterprises should put forward clear product safety index requirements for suppliers of key components such as power batteries, drive motors and vehicle control systems, formulate supplier quality system evaluation systems, and strengthen supplier evaluation. Encourage key component suppliers to actively cooperate in opening necessary data protocols related to product safety, quality analysis, etc.
[Global new ship orders in March this year were 3.23 million revised gross tons]
According to Yonhap News Agency, according to data released by Clarkson, a British shipbuilding and maritime industry analysis agency on the 6th, the global new ship orders in March this year were3.23 millionCorrected gross tons (CGT) of which South Korea undertakes1.64 millionRevised gross tons, accounting for 51%. Korean companies also ranked first in the world in terms of cumulative orders received in the first quarter. On a single-quarter basis, South Korea took over 50% (4.57 million revised gross tonnage, 97) of global newbuilding orders (9.2 million revised gross tonnage, 259) in the first quarter of this year, which is the highest since 2015. South Korea’s first-quarter orders surpassed China’s for the first time.