Monday, September 30, 2013

27 domestic commodities rise and fall

27, the domestic commodity price now, tracking commodity integrated performance of the mandarin commodity index fell.Data show that meal futures led, the main contract closed at 2488 yuan per ton,Long Radius 90 Deg carbon seamless elbow settled up on the previous trading day 57 yuan, or 2.34%, Coking coal futures led by the main contract closed at 1146 yuan per ton, settled down on the previous trading day 17 yuan, or 1.46%.

Specific varieties, non-ferrous metals is given priority to with rose: main copper futures contract closed at 52400 yuan per ton, or 0.62%. Main aluminum futures contract closed at 14300 yuan per ton,R=3D 45 degree Pipe Fitting Bend or 0.32%, Main zinc futures contract closed at 14800 yuan per ton, or 0.17%. Main lead futures contract closed at 14100 yuan per ton, or 0.04%.
But nearly all petrochemical goods fell: main PTA futures contract closed at 7776 yuan per ton, or 0.41%. Main methanol futures contract closed at 2920 yuan per ton, or 0.54%. Main coke futures contract closed at 1570 yuan per ton, or 1.2%. Rubber main futures contract closed at 20300 yuan per ton, or 1.32%.

Agricultural products,10 XS ERW carbon steel pipe china manufacturer soft goods movements now: each main cotton futures contract closed at 19900 yuan per ton, or 0.43%. Main sugar futures contract closed at 5103 yuan per ton, or 0.91%.Main oil goods also consolidation: soybean meal futures contract closed at 3692 yuan per ton, or 0.98%. Main rapeseed futures contract closed at 5159 yuan per ton, or 0.25%. The main soybean oil futures contract closed at 6982 yuan per ton, or 0.85%.Main grain goods, corn futures contract closed at 2322 yuan per ton, or 0.3%.

Thursday, September 26, 2013

Panzhihua vanadium titanium shareholder loans for carrara mining and converted into equity

On the evening of September 23, panzhihua vanadium titanium announcement, on September 22, general manager of the company office,SCH40 large diameter LSAW steel pipe review and passed the wholly owned subsidiary of anshan iron and steel group (Australia) co., LTD., shareholder loans for carrara mining co., LTD and converted into equity of the bill, decided to saddle Australia as carrara provides additional shareholder loan of $30 million, and will saddle the Australian company to carrara provides a total of $60 million all shareholder loan into the equity of carrara.

Company announcement said, recently, the company received Australia's foreign investment review board (FIRB),Carbon Steel butt-welding equal tee and the saddle Australian companies to acquire 2.16% additional equity carrara, saddle Macao carrara company holds a stake to 52.16% without objection, approved will expire on November 13, 2014. According to the saddle and carrara, gindalbie Australian company has convertible affiliate shareholder loan agreement signed, the FIRB approval triggered the shareholder loan stock condition.Carla slant on August 20, 2007, in western Australia,Long Radius 90 Deg carbon seamless elbow Australia is engaged in the iron ore exploration, acquisition and sales. Saddle Australian companies and gindalbie each own 50% of its shares.

In obtain under the premise of FIRB, saddle Australian company will provide the second phase of a $30 million loan to carrara, carrara will repay gindalbie early inject a $30 million loan funds,Hot rolled carbon steel seamless pipe at the same time gindalbie repurchase saddle Australian companies no longer offer carrara the second phase of a $30 million loan, after obtaining the national development and reform commission approved, saddle will be two of the Australian company a $30 million loan to carrara share, agreed price is $4.31 a share. Carrara to saddle Australia issued 13907283 shares in the company have to pay card lala common stock. Saddle, Australian company will hold 52.16% of card lala outstanding shares (assuming no other equity transfer or assignment) happens.

Monday, September 23, 2013

The ship financing is still difficult

Now for many shipbuilding enterprises, ship financing is still difficult, API 5L X65 Steel Pipe financial institutions to shipping listed as credit regulation of key industries, shipbuilding ship price and deposit ratio fell sharply, the ship companies working capital increasingly tightens, therefore, in order to be able to maintain capital turnover and daily operation, even at a loss to do a lot of shipyard also willing to take new single, this causes a lot of cash flow is still plenty of shipping companies and investment option of bottom shipbuilding (speculation).

And part of the shipping companies to accelerate the shipbuilding, also is helpless. Vice President of China merchants group margin of profit Ming pointed out that in container shipping giant maersk to receive after the world's biggest container ship,7D Butt Welded Bend Pipe fittings because the cost of single ship fell rapidly and more competitive, forcing other liner companies can only followed by tightening order the ship, or can only be ejected from the market because of the cost is not competitive.

"From the perspective of the relevant data of supply capacity, container capacity grew by 6.6% in 2012,pipe fitting 45 degree LR elbows and 2013 new capacity of 1.6 million teu, more than 2008 new capacity of 1.57 million teu history records, the new capacity is equivalent to 10.3% of the world's capacity, at the beginning of" margin of profit Ming pointed out that despite the 100000 teu ship delivery delay to 2014, the global container transport capacity, there will be more than 7% of the net growth market excess capacity will be further intensified. And nearly 100 in the next three years 12000 teu ship giant - teu ship to be put into operation, accounting for 42% of the new orders,SCH40 large diameter LSAW steel pipe is now running 85% of capacity of the ship.
A number of industry insiders suggest, therefore, although the price of shipbuilding, now is the ideal time to bottom shipbuilding, but also to pay attention to the time of may make excess capacity continues to elongate, shipping companies want to bottom shipbuilding, best alignment with the market direction, choose suitable for their own and can improve the competitiveness of good form, on the basis of their own cash flow at the same time, the shipping market and there is no complete recovery after all.

Saturday, September 21, 2013

About drawing foreign capital

August, 2013, 14480 set up the new batch of foreign invested enterprises, fell 8.22% year on year;astm a53/a106 gr.b carbon steel tube Sch 20 LSAW steel pipe The actual amount is $79.77 billion, up 6.37% from a year earlier. Month of August, the actual use of foreign capital amount is $8.377 billion, year-on-year growth of 0.62% (not including the banking, securities and insurance domain data). August 1 - the absorption of foreign capital has the following features:

One is the farming, forestry, animal husbandry, fishery and actualized fdi keep growing. 1 - August,JIS B2220 Blind Flange farming, forestry, animal husbandry, fisheries actual use of foreign capital amount is $1.111 billion, up 1.61% from a year earlier, in the proportion of the national total of 1.39%. Manufacturing the actual use of foreign capital amount is $32.634 billion, fell 3.27% year on year, in the proportion of the total 40.9%; Oil processing and coking and nuclear fuel processing industry, aquatic products processing, building ceramics manufacturing growth faster, year-on-year growth of 190.52%, 115.45% and 190.52% respectively. Actualized fdi amount is $39.725 billion, up 13.5% from a year earlier, in the proportion of the total 49.84%; The electrical machinery repair, entertainment services, radio,Industry Standard Welding Neck Flange film and television industry is growing rapidly, year-on-year growth of 229.92%, 194.54% and 229.92% respectively.

Second, the Asian countries/regions, European Union, the us investment in China to keep on growing. 1 - August, Asian countries/regions (Hong Kong, Macao, Taiwan, Japan, the Philippines,JIS G3454 spiral welded carbon steel pipe Thailand, Malaysia, Singapore, Indonesia and South Korea) to China actual investment value of $68.632 billion, up 7.87%; The $51.557 billion to invest in the mainland, Hong Kong, up 10.29%; Japanese investment in China of $5.562 billion, up 9.45%; South Korean investment in China of $2.296 billion, up 54.89%; Thailand's investment in China $472 million, up 516.94% from a year earlier. America's China actual investment value of $2.497 billion, up 18.04% from a year earlier. The European Union's 27 countries with China actual investment value of $5.437 billion, up 24.27%; With German investment in China of $1.741 billion, up 60.06%; The Netherlands to China to invest $892 million, up 24.81% from a year earlier.

Three is the actual use of foreign capital is growing rapidly. 1 - August, the actual amount of $66.83 billion in east China, up 5.0%; Central parts of the actual amount is $6.93 billion, up 10.9%; In the western region the actual amount is $6.01 billion, up 17.7% from a year earlier. 1 - August, absorbing foreign capital in the country, the eastern, central and western region accounted for 83.8%, 8.7% and 7.5%, respectively.

Sunday, September 15, 2013

A rare earth industry groups have results by the end of the year

Ministry vice-minister Mr. Su 11 new champions in seamless steel tube manufacturers 2013 attended the world economic BBS annual meeting and the seventh summer davos BBS clearance, said the ministry is working with related departments to reinforce illegal rare earth mining and pollution control efforts, to form a large group of rare earth industry the end result will be released by the end of the year. The development of new energy vehicles continues to foster policy, reduce the cost of new energy vehicles eventually need to rely on the development of the technology. The ministry and the ministry of finance will jointly implemented more than 40, one hundred million yuan funds to support new energy automobile design, special battery development.

For the pollution problem of rare earth industry, Mr. Su said that the recent ministry in conjunction with relevant api 5l grb welded steel pipe and tube departments and local government behavior for centralized control of illegal mining of rare earths. The next stage, the ministry will spot check.

On August 7 this year, the ministry joint eight departments launched a three-month special operation regulation of ASME B16.9 45 Deg Long Radius butt weld Elbow rare earth industry. Related departments to "black list", through the establishment of rare earth management classify management, establish a long-term supervision mechanism, at the same time, by a large group of rare earth industry in order to improve the industrial concentration.

When it comes to the development of 180 degree elbow pipe fitting asme b16.9 steel elbow new energy vehicles supporting policies, Mr. Su said the work continues to advance, new energy vehicles all over the world face obstacles, not can be solved overnight. According to the relevant documents, the ministry of finance, ministry of science and technology, development and reform commission, ministry of industry and other departments after the start of the project of new energy vehicle demonstration the goal is to to 2012 domestic new energy automotive operations to achieve the market share of 10%. Mr. Su, according to new energy vehicles in 2012 to promote the annual task of unfinished, but this does not influence on automobile industry growth and consumption space.

Wednesday, September 11, 2013

Fleeing capital did not find the "paradise"

Due to the outbreak of the global economic crisis and the domestic economic recession, the coal market over ten carbon steel threaded connections tee years of the gold market, to continue to fall. In 2013, the coal price acceleration back. Major coal producing areas in Shanxi Province, and the overall economy faces a severe test.Most bureau officials 7D Butt Welded Bend Pipe fittings said, Shanxi Province, shanxi coal enterprises coal sale price has been close to the cost of production line, May 1 - nearly half of the coal enterprise losses, more than 1/10 of the coal enterprise to suspend production.

With coal group related jinhuagong coal api 5l x50 seamless steel line pipe mine head told the China enterprise news reporter, after all they have been to shanxi coal cities and counties, sales place everyday work "in addition to a cup of tea is reading the newspaper."Speaking of last year, officials had said with the coal group, the group's major coal mine with scaffolding structural steel tube mountain, rare to coal group to contact customers, even if someone come, also vanished again after inquiry.

In shanyin a coal boss said that before 2012, the coal market to heat up, he earned some money; But in the second half of 2012, he boldly out from coal mine. "The national economy is bad, coal-derived hot potato." He said.Huairen the coal yard investors Li Mancang told reporters that he nearly 5 million yuan loan before coal under the hoarding, steep price later for a long time also didn't sell, in the end he and many of his peers left in Shanxi Province.

Uncle and Li Mancang Li Erdan also grumble, nephew originally promised, he just has to do a good job in transportation, at the end of 2012, as a bonus, coal yard 2 tram car is his, but until this year in August, "don't say tram is wages are hard to guarantee".Left their villages mentioned to run home to open the experiences of coal, the people full of grievances, thought coal low price, a large number of hoarding, then choose the right opportunity to sell, can get big difference, can not think of, after entering 2013, the coal market weakness. "We can only hope 'coal' thirst." Li Mancang said.

"During that time, we are very confused. A coal boss tells a reporter, at this time, these emerging from shaanxi, Inner Mongolia coal provinces and the news, in local coal low barriers to entry, procedure is simple, less numerous coal inspection level of Shanxi Province, shanxi coal extremely advantage in comparison to the price. After considering, he resolutely left in Shanxi Province.

Sunday, September 8, 2013

China intensify in Australia for mining

Shenzhen Zhongjin Lingnan nonferrous metals Co., Ltd. (Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd., hereinafter ASTM A234 socket welding pipe fitting tee referred to as: Zhongjin Lingnan) will buy-out Australia paley elegant Co., Ltd. (Perilya Ltd.). The deal for the valuation of a $269.3 million ($243.9 million).

Zhongjin lingnan already owns a 53.4% stake in zechariah. Hope to a $0.35 a share, the company says it has not yet been ASME B16.9 45 Deg Long Radius butt weld Elbow paley of remaining stake. Paley, in Australia and the Dominican republic operating base metals and precious metals mining. Zhongjin lingnan is China's third-largest zinc producer.

Zhongjin lingnan, said the purchase price with 10 XS ERW carbon steel pipe china manufacturer peja zechariah shares on August 30, compared with a 59% premium, closing and paley shares over the past three months, compared to the volume weighted average price premium of 109%. Stock on August 30, paley, in the Australian stock exchange suspended trading.

Although metal prices fell, but a ansi b16.5 class 150 weld neck flange series of deals in the past year, this shows that the metal mines in Australia still can lead to a strong interest in Chinese buyers. Rio Tinto Co., LTD. (Rio Tinto PLC) recently agreed to $820 million to Australia Northparkes sell most of the rights and interests of the copper and gold mine to luoyang luanchuan Molybdenum industry group Co., LTD. (China Molybdenum Co., hereinafter referred to as: luoyang Molybdenum).

China rarely king Holdings co., Ltd. (China Hanking Holdings Ltd., hereinafter referred to as: the Chinese king khan) earlier this year signed a deal to buy st. Barbara ltd. is located in western Australia's Southern Cross gold business. Last year, Shandong Gold Group Co., Ltd. (Shandong Gold Group Co.,) said that plans to acquire Perth Gold producers Focus Minerals ltd. a majority stake, Zijin Mining Group Co., Ltd. (Zijin Mining, Group Co., hereinafter referred to as: Zijin Mining) has made based in Perth, a subsidiary of a controlling stake of Norton Gold Fields.

Thursday, September 5, 2013

The unit will send hundreds of pieces of be a month

In many people's eyes, the state is "Grosvenor LTD handsome" unit, high salary and good welfare and prosperity. When Chen ping or student, he also thinks so, but a good imagination after him into the "besieged city" all over the floor.Graduate student after graduation R=3D 45 degree Pipe Fitting Bend in 2011, Chen ping was admitted to China mobile in the municipal branch, zhejiang province, work in the network maintenance. Two years, he from 6 duty to 7 hillock, basic wage rose to 2000 yuan per month, plus performance pay, deduct the income tax, to more than 4000 yuan per month; Along with seamless steel pipe astm a106 gr b more than ten thousand year-end bonuses, that is all of his salary.

In the personnel structure of the company, more than 8 post and belong to the leadership positions, rely on the promotion and sch80 carbon steel Round tube suppliers competition. Chen ping against the steward "most sizeable hill" ceiling, salary of 60000-70000. In his words, "day also can, but it couldn't be better."

Previously, just when the induction, the unit will send hundreds of pieces of be a month, in the Spring Festival, the SCH160 Nominal Wall Thickness welded Pipe tomb-sweeping day and the Mid-Autumn festival is a bit more, a total of all the year round QiBaQian yuan, Chen ping to buy two of the father, enough to add a few pieces of clothes for mother, but this year, all of these hidden income drowned in "practise frugality" wave of reform.

And the welfare of the remaining, Chen ping remember company every year to pay card playing few thousand yuan medical bills, the rest is nothing more than "send a pack of red beans, spring and summer have a pack of mung beans, until the autumnal equinox in a box of moon cakes, goodies for Chinese New Year when a little."

Chen ping the only fortunately, at least as a regular worker. According to his observation, China mobile, the municipal company, the proportion of full-time workers only 15% - 15%, quite a part are dispatched workers and hire workers, their welfare is not good, and lower wages.

But also is a subsidiary of the state, the same two years seniority, ouyang life has much Chen ping shu xin. He is in a coastal branch of southern power grid grass-roots staff. The unit's YunHangBu consists of multiple patrol maintenance center, each center is equipped with 1 station, three shift supervisor and attendant several.

Ouyang is one of the man on duty, his monthly salary is not high, after tax 6000 yuan. In the past, in October, November, such as electricity season, he can get three times the salary, salary reform recently, after the gains be controlled within 30%, but before and after Chinese New Year, he can still get double pay sometimes even three.