JP Morgan Chase: coal steel ore deals of oil bang a record high in March
Yesterday, JP Morgan the current report presentations that China's coal deals in March over the matching interval an advance of 36.2% to 5.72 million tons, banging a record high coal deals than deals in February advanced 17.2 percent. At the matching time, the goods produced of steel ore for hard metal deals in March arrived at a record 52.1 million tons, presenting an advance in actual property area start-led recovery in hard metal demand.
5-fold increase in coal imports
The report showed China's net imports of coal during the first quarter reached 6.22 million tons, representing a year-on-year increase of nearly 5 times. Analysts pointed out that the sharp increase in coal imports due to China's major independent power producers to Vietnam, Indonesia, Russia and Australia to increase the procurement of suppliers. When the coal supplier and the large-scale independent power producers for price negotiations between the first four months of stalemate, the Chinese power companies through the use of low international prices, was able to deduct the tax rates and lower cost. Also affected by increased imports to improve the promotion of domestic demand, China's electricity consumption in March fell 2.01 percent decline in February than 1 has been narrowed to 5.2%.
However, China's greatest coal seaport in Qinhuangdao coal stores have been the end of March from 4.9 million tons at the time plunged to 3.5 million tons, considering the fresh decline.
Imports of metal ore record
The report in addition presentations that China's steel ore deals in March arrived at a record 52.1 million tons, in scenery of the fresh fault in the in the household hard metal costs, which are strangely high stage of deal data. First quarter of this year, China imported 132 million tons of steel ore, and the year 2008 only 444 million tons of imports.
According to the Chinese consulting firm Mysteel analysis of the import record by the beginning of this year in order to promote small-scale steel mills. According to the latest data show that the first quarter of the domestic real estate construction in the area rose 12.7 percent year-on-year, driven steel consumption rose over the same period. However, the new work is still negative growth in the same period last year, showing growth in the construction area and re-start of the existing projects. Housing sales continue to pick up will reduce the current inventory at a higher level and to encourage developers to start new projects in the second half.
Central oil deals which was an advance of 33%
By the down turn in freight rates and trade charges, the Government has an hardworking book of oil, copper, as well as restricted household provide of other commodities. By the Government to boost the strategic oil reserves and demand, China's crude oil trades in March strike a new 12-month high of 16.34 million tons, an 33 per hundred lift in February.
JP Morgan Chase is anticipated that China's oil demand in the future as a powerful rebound in financial growth. Although demand for traveller vehicles only China National Petroleum (601,857, supply it) a little percentage of utilisation, but powerful development in sales of engine vehicles on the demand for oil is a good news. The report worried that the Chinese manufacturers and the National Stock Reserve supplemented reserves to the international influence of copper in China in March has not been processed and semi-processed copper trades come to 374,957 tons (up from a record conceived in February to lift 14%), the Copper strike a new high of 6 months. - 18762
5-fold increase in coal imports
The report showed China's net imports of coal during the first quarter reached 6.22 million tons, representing a year-on-year increase of nearly 5 times. Analysts pointed out that the sharp increase in coal imports due to China's major independent power producers to Vietnam, Indonesia, Russia and Australia to increase the procurement of suppliers. When the coal supplier and the large-scale independent power producers for price negotiations between the first four months of stalemate, the Chinese power companies through the use of low international prices, was able to deduct the tax rates and lower cost. Also affected by increased imports to improve the promotion of domestic demand, China's electricity consumption in March fell 2.01 percent decline in February than 1 has been narrowed to 5.2%.
However, China's greatest coal seaport in Qinhuangdao coal stores have been the end of March from 4.9 million tons at the time plunged to 3.5 million tons, considering the fresh decline.
Imports of metal ore record
The report in addition presentations that China's steel ore deals in March arrived at a record 52.1 million tons, in scenery of the fresh fault in the in the household hard metal costs, which are strangely high stage of deal data. First quarter of this year, China imported 132 million tons of steel ore, and the year 2008 only 444 million tons of imports.
According to the Chinese consulting firm Mysteel analysis of the import record by the beginning of this year in order to promote small-scale steel mills. According to the latest data show that the first quarter of the domestic real estate construction in the area rose 12.7 percent year-on-year, driven steel consumption rose over the same period. However, the new work is still negative growth in the same period last year, showing growth in the construction area and re-start of the existing projects. Housing sales continue to pick up will reduce the current inventory at a higher level and to encourage developers to start new projects in the second half.
Central oil deals which was an advance of 33%
By the down turn in freight rates and trade charges, the Government has an hardworking book of oil, copper, as well as restricted household provide of other commodities. By the Government to boost the strategic oil reserves and demand, China's crude oil trades in March strike a new 12-month high of 16.34 million tons, an 33 per hundred lift in February.
JP Morgan Chase is anticipated that China's oil demand in the future as a powerful rebound in financial growth. Although demand for traveller vehicles only China National Petroleum (601,857, supply it) a little percentage of utilisation, but powerful development in sales of engine vehicles on the demand for oil is a good news. The report worried that the Chinese manufacturers and the National Stock Reserve supplemented reserves to the international influence of copper in China in March has not been processed and semi-processed copper trades come to 374,957 tons (up from a record conceived in February to lift 14%), the Copper strike a new high of 6 months. - 18762
posted by X - Men at
12:16 AM
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