2013年9月23日星期一

Dalian the first iron ore futures delivery system of bill of lading

Years another blockbuster variety - iron ore futures futures market will be in dalian Commodity Exchange (hereinafter referred to as the "exchange"),Standard 150# Forged Carbon Steel Welding Neck Flange and iron ore futures delivery involved in the bill of lading delivery system also become the first of its kind.

And listed on the United States and Singapore have iron ore futures contracts, dalian iron ore futures shall practise a system of physical delivery and delivery of bill of lading is noteworthy,ASME B16.9 Butt Welded reducing tee the iron ore is a physical delivery system, mode of delivery for the warehouse receipt delivery (warehouse and factory), bill of lading delivery in parallel.

At present, the United States, Singapore's iron ore futures are in iron ore price index as a benchmark,90 degree pipe fitting long radius elbow contracts expire after cash delivery. And China's iron ore imports and consumption power, spot trade is great, it also become the important prerequisite of domestic iron ore futures shall practise a system of physical delivery.For the markets are new bill of lading delivery system, "first financial daily" the reporter understands from dalian yesterday, delivery of bill of lading refers to one month before the delivery month of time, ask for the seller and the buyer, matching and supervise the exchange organization, way of delivery of cargo carried out in accordance with the prescribed procedures, delivery of bill of lading is divided into two stages, namely, matching stage and settlement stage.

The main process of the matching stage, the buyer in January 10th trading days prior to the delivery month to month 14 day,STD seamless steel pipe ASME B36.10m tube apply for delivery of bill of lading intention, after the market closed exchange summary and released. In the buyer's intention to apply for the next day, the seller according to buyer's intention, published in the previous session put forward delivery of bill of lading intended application, single intended application can contain two place of delivery. Buyers and sellers on the quantity of each delivery of bill of lading for 40000 tons, or the integer times. Exchange at the seller's intention to apply for the same day after the market closed, according to the principle of maximum delivery group matches. After the success of the pairing, exchange according to the settlement price of buyers and sellers.

In addition, the delivery of the goods is to point to by unloading, received by the buyer, the seller to exchange, port after three parties confirm bill of lading and complete the payment for goods, the property rights transfer process. Ship is expected to port or in Hong Kong, the three natural day before acceptance, the seller must notify the exchange information on place of delivery, quantity, etc., information exchanges will be sent to the buyer, the buyer and the seller consultation delivery related issues. Third natural days days after the date of notification in case of holidays until the next trading day) the buyer and the seller shall pay the relevant taxes in accordance with the corresponding 20% contract value for margin trading of (market share). The final notice day for one month before the delivery month the third day.

2013年9月21日星期六

Promote the reform of investment and financing system

To strengthen the construction of urban infrastructure, cannot leave the money. Where does the money come from? "Opinions" clearly put forward to "ensure that the government",sch160 thick wall water pipe welded steel pipe on the basis of "promote the reform of infrastructure construction investment and financing system and operational mechanism".

Li Rusheng said: "the urban infrastructure construction investment demand is big, long construction period, the characteristics of the pilot, fundamental and long-term, must ensure that the necessary investment. Government in security, on the basis of government investment,xs long radius 90 degree welded carbon steel elbow give full play to the role of market mechanisms, establish a reasonable division of the government and the market of urban infrastructure investment and financing system."

According to the "opinions", the central government through the central budget for investment and urban sewage pipe network special existing channels such as supporting the construction of urban infrastructure,ASME B16.9 Butt Welded reducing tee the local government to ensure that capital investment on urban infrastructure construction.

Zhejiang university of finance and the principal Wang Junhao said: "promote the reform of investment and financing system,Standard 150# Forged Carbon Steel Welding Neck Flange on the one hand, private capital to enter is beneficial to form the multiple main body of market structure, promote the enterprise reform of infrastructure industry, improve the efficiency of urban infrastructure investment and operations, on the other hand also to ease the government financial pressure, reduce the debt burden of local government."

Wang Junhao advice, should a normative documents as soon as possible, make overall planning to push forward the reform of investment and financing system and its detailed rules for the implementation. Encourage and guide private capital to sole proprietorship, joint venture, cooperation, asset purchase directly involved in the construction of municipal infrastructure projects; Encourage and guide private capital by buying local government bonds, investment funds, stocks and other indirect ways to participate in the construction of municipal infrastructure projects.

2013年9月15日星期日

Mineral resources into areas

Remember 2009 walk out the bottom of the state? Now, Double-sided submerged arc welding steel pipe these once served for the Chinese enterprises to go out "eldest son" vanguard of the republic of China, to hand over the following paper.Economic observer, according to financial data obtained from the relevant departments of the citic group in 2010 at the end of the overseas assets of 362.6 billion yuan, overseas income 112.5 billion yuan. By the end of 2012, citic group's overseas assets have fallen to 297.8 billion, and the overseas income plummeted to 60.27 billion more.

China mobile/weibo communications group co., LTD. The overseas assets of 22.3 billion yuan at the end of 2010, ASME Carbon Steel Welding Neck Flange overseas income 7.2 billion yuan. Expand to 24.78 billion by the end of 2012, overseas assets, but dropped to 4.6 billion overseas income.

China metallurgical group also is such. At the end of 2010, its overseas assets reached $30.8 billion, the overseas income is 18.7 billion. By the end of 2012, its overseas assets to expand to 36.5 billion, ASME Spiral Submerged Arc Welding pipe but its overseas revenues dropped to 9.2 billion. 6 billion overseas assets growth, revenue fell by half.Institutions on September 12, the national development and reform commission officials for the economic observer said, "Chinese enterprises to go out for ten years, look from the asset scale, harvest a lot, but more failures than success experience. Especially in the mineral resources in areas such as investment, almost become a major disaster area of failed acquisitions, enterprise should reflect on."

Look from the overseas assets, China only state produced a huge overseas money. Data show that by the end of 2012, China's largest overseas assets 47 central enterprises, overseas assets total 3.8 trillion, overseas income amounted to 4 trillion, 448000 the total number of employees. 47 central enterprises accounted for the country's largest overseas assets total 100 multinational companies to 85% of total assets overseas, as China's enterprise out of the absolute main force.

Now, to slow the pace. According to PWC's data, 45Degree short radius carbon steel elbow in the first half of 2013 China enterprise acquisitions overseas number only about 78, lower than the data in the second half of 2012, and also hit a new low since 2010. But the main cause of this change, it is due to the decline of the private enterprises overseas mergers and acquisitions. The overseas expansion pace of state-owned enterprises is not much change.

Compared with the international financial crisis erupted two years ago, the RMB exchange rate changes also began to Chinese enterprises out of an adverse impact.
On September 13, standard chartered bank (microblogging) Stephen green, head of greater China research for the economic observer said, although still in renminbi appreciation, but has little scope, and there is also a risk of depreciation. This may increase the cost of future Chinese enterprises foreign investment.

2013年9月12日星期四

Beijing suburban rail network will be built

To ease urban congestion, the Beijing carbon steel seamless A106 steel pipe municipal planning multi-level rail network. In addition to the subway, the future planning and construction the trams, suburban railway, etc. To this end, Beijing urban rail transit is stepping up large diameter ASTM end cap for water pipe efforts to formulate a recent construction planning the 2020 version, in series with each new city center of suburban railway, will start construction. Which belongs to hebei but close relations with Beijing yan jiao, langfang, sanhe belong to planning the third layers, is astm a53 schedule 80 galvanized steel pipe expected to adopt the way of suburban railways through Beijing.

On the outskirts of the 2020 edition is Double-sided submerged arc welding steel pipe different from existing suburban rail line, but on the basis of the existing S1, S2 line, new, 1000 km suburban railway network planning around 9 lines connect 11 new cities. , for example, in the 2020 edition of the planned S6 line will connect shunyi, tongzhou, e-town, huangcun, such as well as the new city, suburban rail lines is also going to center city subway network cohesion, for the convenience of transfer passengers.

According to the Beijing GuiHuaWei passage of time, around Beijing city made several layers of the division of: the first circle is 15 km from the town center, within the scope of the travel time is probably in about 30 minutes; The second circle around 25 km, travel time in 45 minutes; Third layers is 60 km, hoping to reach an hour of travel. Yanjiao, langfang, sanhe is in the third layers. After the completion of suburban railway, the train will mention 160 kilometers per hour, 60 km from Beijing yan jiao, langfang, sanhe, to the city center for three to four general station can reach, ensures that one hour to arrive at the city center.

2013年9月5日星期四

BDI index rose more than 4%

On September 4, Reuters - the Baltic exchange dry bulk freight index jumped on Wednesday, because of Chinese demand pipe fitting 45 degree LR elbows for iron ore, pushing up the larger ship freight.

Dry bulk freight index rose 47 Industry Standard Welding Neck Flange points, or 4.02%, to 1215 points. The index measures the iron ore, cement, grain, coal, and chemical fertilizer resources such as transportation costs.

The Baltic capesize ship freight index rose 101 points, or 4.31%, to 2445 points. Average daily profit rose $1517 to $17854."In recent weeks, China has increased the demand for iron ore, has been standard specification for seamless carbon steel mechanical tubing pushing capesize rates now year highs," GHS research analyst OmarNokta said in a report."The upcoming U.S. grain export season should further boost dry bulk trade," he added.

RSPlatouMarkets FrodeM analysts? Rkedal said in astm a53 schedule 80 galvanized steel pipe its report that capesize rates is expected before the November climbed to a two-year high.The Baltic freight index panamax ship up 12 points, or 1.3%, to 933 points. Average daily profit increase of $103 to $7456.

"In my opinion, the dry bulk shipping market is still the fastest growing areas of shipping, than liquefied petroleum gas (LPG), liquefied natural gas (LNG), crude oil, oil or container transportation market development quick," Nokta said.