International Information
Russia's share of natural gas in Europe this year may be the lowest in 20 years
According to TASS news agency 5, the International Energy Agency believes that Russia's pipeline natural gas supply to Europe may drop by 45% this year to less than 80 billion cubic meters. . At the same time, the supply of LNG to the EU will increase. For all of 2022, Russian gas's share of meeting European demand will fall to its lowest level in more than 20 years - 25%.
The Bank of England warned: The British economic outlook has deteriorated significantly
On July 5, local time, The Bank of England warned that the British and global economic prospects have "seriously deteriorated." The Bank of England said energy and fuel costs were rising rapidly around the world, generally making the cost of living rise faster.
The inflation rate in the OECD region rose to 9.6% in May
Data released by the Organization for Economic Cooperation and Development 5 showed that driven by food and energy prices, the consumer price index (CPI) in the OECD region rose by 9.6% year-on-year in May. %, the highest since August 1988.
India and Europe restart free trade agreement negotiations
From June 27 to July 1, local time, India and the European Union officially restarted free trade negotiations, which had been stagnant for 9 years. In addition to the free trade agreement, the main content of this negotiation also involves two major agreements: investment protection and geographical indications.
Oil prices collapsed
On July 5, local time, international oil prices plummeted as the market's concerns about economic recession intensified. As of the close, the price of light crude oil futures (WTI) for August delivery on the New York Mercantile Exchange fell by US$8.93 to close at US$99.50 per barrel, a decrease of 8.24%; the price of London Brent crude oil futures for September delivery It fell by US$10.73 to close at US$102.77 per barrel, a decrease of 9.45%. Both recorded their largest single-day declines since mid-March. The price of New York light crude oil futures for August delivery once fell to US$97.43 per barrel, with the largest drop of 10.14%; the price of London Brent crude oil futures for September delivery once fell to US$101.10 per barrel, with the largest drop of 10.14%. The decrease was 10.93%.
Domestic Information
html China Commodity Index in June 2022 was 101.5%
The China Commodity Index (CBMI) in June 2022, which was surveyed and released by China Federation of Logistics and Purchasing , was 101.5%, an increase of 0.2 percentage points from the previous month. , the index rose to its highest level in nearly five months for two consecutive months. Among the various sub-indexes, the supply index and inventory index increased, while the sales index fell slightly.
Ministry of Water Resources: 24 new large-scale irrigation areas strive to complete 70% of central investment by the end of September
Recently, the Ministry of Water Resources has carried out construction and scheduling consultations on large and medium-sized irrigation area projects, and rescheduled large and medium-sized irrigation area reconstruction and construction projects. Tian Xuebin, deputy minister of the Ministry of Water Resources, said at the meeting that 70% of the central investment in the 24 new large-scale irrigation districts should be completed by the end of September. The central investment completion rate of all large and medium-sized irrigation district reconstruction projects should reach more than 90% by the end of the year, and strive to reach 95%.
The total investment exceeds 1.5 trillion, and 2,536 projects have been signed and put into production in Henan.
htmlOn July 5, Henan Province held the fifth phase of the "Three Batch" project construction activities. Among them, Luoyang has the main venue, and all provincial cities, Jiyuan Demonstration Zone, Airport Area and counties (cities, districts) will be held simultaneously. This time, the province has signed 618 projects with a total investment of 556.9 billion yuan; 1,033 projects have been started, with a total investment of 623.3 billion yuan; and 885 projects have been put into production, with a total investment of 409.6 billion yuan.htmlThe sales volume of the automobile industry in June is expected to be 2.447 million units, a year-on-year increase of 20.9%
The China Association of Automobile Manufacturers estimates based on the weekly report data reported by key enterprises. In June 2022, the sales volume of the automobile industry is expected to be 2.447 million units, a month-on-month increase of 34.4%, a year-on-year increase of 34.4%. An increase of 20.9%; from January to June 2022, sales are expected to reach 12.002 million vehicles, a year-on-year decrease of 7.1%.
Industry News
Iron ore rose nearly 2%, and steel prices continued to fall overall.
6 steel rose slightly, and turned red in late trading. Iron ore rose nearly 2%. The period from opening to closing can be described as twists and turns. In early trading, Weakened, the mainstream market price weakened. As the snail futures strengthened in the afternoon, the market's low-level transactions improved slightly, and the transaction price moved up slightly earlier in the session. In terms of spot prices, prices have been mixed, with the average price falling. Among them, hot coil prices across the country have been stable, with a range of 10-30 yuan, and wire snail market prices across the country have been stable. The price of rebar in Tianjin, Taiyuan, Guiyang and other markets fell by 10-20 yuan/ton, while in Wuhan, Chengdu, Xi'an and other markets it rose by 10-20 yuan/ton.
168 enterprises in the steel industry in Hebei lost 6.56 billion
According to the "Main Economic Benefit Indicators of Industries Above Designated Size in the Province by Sector in May 2022" on the Hebei Provincial Bureau of Statistics official website, the industry is 440 in the ferrous metal smelting and rolling processing industry. Among the enterprises listed in the family regulation, 168 enterprises were in the red, accounting for about 38.2%, with a total loss of 6.56 billion yuan.
China Iron and Steel Association: In late June, the daily crude steel output of key steel companies was 2.0991 million tons, a month-on-month decrease of 7.03%
According to data from the China Iron and Steel Association, in late June 2022, the average daily crude steel output of key steel companies was 2.0991 million tons, a month-on-month decrease of 7.03%. %; steel inventory is 16.9486 million tons, a decrease of 3.5746 million tons or 17.42% compared with the previous decade (and mid-June).
The Ministry of Industry and Information Technology held a symposium on the supply and demand of LNG marine steel.
According to China Shipbuilding Industry Association , the Raw Materials Department and the Second Department of Equipment Industry of the Ministry of Industry and Information Technology organized and held a symposium on the supply and demand of LNG marine steel in a combined online and offline manner to exchange information on LNG. Issues related to marine steel supply, demand and industrial chain cooperation. At the meeting, Baowu Group , Ansteel Group , Taigang Group , Hegang Group , etc. respectively introduced the research and development, production, certification and application of LNG marine steel, as well as the need for further progress in the industrialization process. related work to be promoted.
Baowu Milestone Project of Low-Carbon Metallurgical Innovation Opened
html On July 6, the opening and ignition ceremony of the hydrogen-rich carbon cycle blast furnace shared test platform, a global iron and steel metallurgy green low-carbon phase III test and application project, was held in Bayi Steel. This is a milestone event for Baowu to implement the "dual carbon" requirements and vigorously promote low-carbon metallurgical innovation. It marks that Baowu's low-carbon metallurgical technology testing has entered a new stage of full oxygen and gas self-circulation, fully embodying the Baowu, Eight Steel takes the lead in practicing the concept of green development and supporting the construction of ecological civilization with courage and responsibility.
