2013年12月22日星期日

Shale oil and gas production in the United States

The shale oil and gas production will break even since 2016, when the daily output will reach 500000 barrels of oil equivalent, 70% higher than the current capacity.More and more energy companies began to look at a lot of money into unconventional fields,high frequency electric resistance welded ASTM A106/A53/API 5L steel pipe especially in Texas, the state to the daily output is expected to double in 2016, to 200000 barrels of oil equivalent.
J.p. Morgan analyst, according to BHP billiton has done the best a Shale investment, is located in the southern Texas Eagle Ford Shale (Eagle Ford Shale), the latter is the company with the highest return on investment portfolio.In addition, BHP billiton look exactly the same Permian shale in Texas (product shale), plans to buy the latter half of the assets.
After the world's second largest mining company Rio Tinto (Rio Tinto) announced spending cuts, BHP billiton has also revealed that spending in 2014 to $16 billion this year on the basis of further cuts, about $22 billion last year.Rio tinto plans within the next two years, cut capital spending half, on the basis of $14 billion this year will be spending to $2014 in 11 billion, to $8 billion in 2015.

2013年10月10日星期四

Foster open highland of regional development

The eighteenth big report and xi's speech on the apec CEO summit are mentioned, foster open heights of driving regional development.

Comb around planning information as you can see, the regional development of open highland is forming: deepen the Inner Mongolia and Russia,carbon steel spiral welded tube Mongolia and other countries of the economic and trade cooperation and technical exchanges, play the pivotal role of communications in building "important bridgehead" open to the north; Deepen the xinjiang and central Asia, west Asia, South Asia and European countries cooperation, speed up the construction of logistics channel with the mainland and the surrounding countries,Ring Type Joint blind flange give play to the role of the Shanghai cooperation organization, building open to the west "portal"; According to the construction of guangxi as the core, and improve cooperation with asean platform, in China - asean free trade area to play a greater role, enhance the ability to participate in international economic cooperation and competition, to build "highland" asean cooperation; The deepening of the greater Mekong sub-regional cooperation, strengthen cooperation with southeast Asia, South Asia, countries around the Indian Ocean in yunnan, southwest of construction strategic channel at sea, makes the important bridgehead "" open to the southwest.

Around since since listing on the Shanghai free trade zone, the enthusiasm of the construction of "free trade" the rising. According to incomplete statistics,butt weld carbon steel 5D bend A234 wpb more than 10 provinces and cities more than coming from recent positive planning "free trade" reform pilot program of news: the transformation of the dongjiang bonded port area are interested in tianjin free trade zone, declare to create free trade area of Qingdao, etc.

Although cities are in the fight for "free trade", but "free trade zone" concept and the setting up of the free trade zone in Shanghai. Shanghai free trade zone is an international,astm a53/a106 gr.b carbon steel tube Sch 20 LSAW steel pipe unprecedented, opening up and reform. Other reported around the "free trade" are regional, mainly for the play to regional advantages, driving the development of local economy as a whole.

The personage inside course of study thinks, in the process of regional development strategy, a region likely is first try, and open area along the border, the border trade zone, export processing zones, etc. All kinds of brand from soup to nuts, a variety of preferential policies repeated stack, it's easy to have a similar regional economic integration in the process of "spaghetti bowl" phenomenon, should be avoid.

2013年9月23日星期一

China and South Korea free trade area 90% product can realize zero tariff

The ministry of commerce at a routine conference today, introduce 1 - August's business operation. Commerce ministry spokesman Shen Danyang said when a reporter asked,API 5L X65 Steel Pipe China and South Korea free trade area negotiations has made phased achievements. According to have reached a pattern, the two sides agreed to finally realize the liberalization of products should be accounted for 90% of the total commodity tax items, covering 85% of the total amount of imports.

Shen Danyang said, China and South Korea free trade negotiation is divided into model and price negotiations in two stages. Reach a consensus in the pattern negotiations stage,long radius butt weld pipe elbow including goods trade liberalization level, scope of agreement and negotiation principles, framework and content of elements in various fields, etc. According to have reached a pattern, the two sides agreed to, and eventually realize the liberalization of the product should be accounted for 90% of the total commodity tax items, covering 85% of the total amount of imports,carbon steel spiral welded tube and through the concrete price negotiations to achieve mutual benefit and fair result.

Moreover, Shen Danyang pointed out that China and South Korea free trade area pattern negotiations only the achievements of negotiation,4 inch SCH40 Seamless steel pipe to China, Japan and South Korea free trade area negotiations has certain reference significance. However, China and South Korea free trade negotiations with China, Japan and South Korea fta negotiation situation is completely different. Therefore, the negotiation model could not simply copy.

2013年9月21日星期六

On the domestic market operation

The first eight months of this year, consumer market continued to maintain steady rebound in performance. 1 - August, according to the national bureau of statistics, the total retail sales of social consumer goods 14.8164 trillion yuan, up 12.8% from a year earlier, with the first seven months were little changed. Among them, in August, the total retail sales of social consumer goods year-on-year growth of 13.4%,sch160 thick wall water pipe welded steel pipe the nominal speed up 0.2% than the same period in July and the previous year. The August consumer market presents the following features:

One is the synchronous speed up urban and rural consumption. In August, according to the national bureau of statistics, rural consumption rose 15.1%, urban consumption growth 13.1%,carbon steel concentric reducer grow faster than last month, respectively 0.7 and 0.6%. The rural consumption is relatively stable, growth is 2% faster than the town.

The second is the small food consumption. In August, according to the national bureau of statistics, food and beverage revenue grew by 9.7% year on year, for this year. Large-scale food and beverage revenue is still declining trend, but decreased significantly narrowed,long radius butt weld pipe elbow limitation above corporate catering income fell 0.5% year-on-year, decline than narrowed 1.6% last month.

3 it is large and medium-sized enterprises sales stabilization. In August, according to the national bureau of statistics, the above designated enterprises (units) consumer goods retail sales rose 11.5%, than speed up 0.3% last month. Monitoring by the ministry of commerce, 3000 key retail enterprise sales growth of 9.7%, 0.2% than last month's slowdown.

Four is home appliance household products faster. In August, 3000 of the ministry of commerce monitoring key retail enterprise sales, home appliances, building materials sales growth than last month to speed up the 12 and 0.3% respectively; Communications equipment,SCH80 ERW Steel Pipe gold and silver jewelry sales growth is slowing 3 and 10.4%, respectively.

Five is the overall price level is relatively stable. In August, according to the national bureau of statistics, the overall consumer price level rose 2.6%, up 0.5% month-on-month. 1 - August rose 2.5%, decreased by 0.2% from a year earlier. Northeast of recent floods, drought in the south of high temperature weather for vegetables and other agricultural production, transportation, have an impact. Monitoring according to the ministry of commerce, in August the national edible agricultural products price 36 large and medium-sized cities rose 5.6% year-on-year, from 1.3%. Among them, pork, vegetables, average wholesale prices rose 8.3% and 4.6% respectively, compared to the eggs retail prices rose by an average of 2.5%.

2013年9月15日星期日

New energy automobile zero emissions advantage more

"The action plan for the control of air pollution" mentioned: vigorously promotion of new energy vehicles. Public transport, A53B ERW carbon steel welding round tube sanitation and other industries and government agencies to pioneered the use of new energy vehicles, adopting the direct registration, subsidies and other measures to encourage individuals to buy. Beijing, Shanghai, guangzhou and other cities every new or updated bus the proportion of new energy and clean fuel vehicle above 60%.

Among them, "take the direct registration, subsidies and other measures to encourage individuals to buy" was to force. This is the end of 2011, the ministry of finance, ministry of science and technology, ASME A106/A53 Black Steel Pipe and tube ministry of industry and the national development and reform commission and other four department general office issued "about further completes the energy conservation and new energy vehicles of the pilot demonstration promotion notice" clearly put forward "to actively research for new energy vehicles to carry out the exempted from the license plate auction or lottery, limiting measures such as restrictions", and in July 2012, the energy saving and new energy vehicles industry development planning (2012-2020), national level of new energy vehicles is a great encouragement.

To this, the local authorities shall faithfully vigorously promotes the execution.Especially in science and technology minister wan gang international BBS revealed that in 2013 China's automobile industry development, API 5l x60 carbon steel socket weld line pipe a formal approval of the state council issued a new round of new energy vehicle demonstration promotion methods, work out detailed rules for the implementation of four departments are, in a few days will be officially launched. Main content is given priority to with new energy vehicles to open up markets, with pilot cities as the core to expand the range of radiation and changing the subsidy way, etc.

Reporter believe that, with the last round of the implementation of the new energy vehicle demonstration promotion methods compared to the background, astm a53 schedule 80 galvanized steel pipe the central and local governments strengthen the appraisal of fine particulate matter governance, seized from the height of the top level design "gap", rely on a more scientific subsidy at the same time, to clear in the promotion of new energy vehicles in the process of local protectionism, and still need to limit card, such as lottery "glass door". For the development of pure electric vehicles have been, "route question" can also be frustrated. At the same time, new energy vehicles in the future may be because of the advantages of zero emissions, heavy pollution weather get unlimited line, and more "hidden subsidies. Rely on subsidies more affordable, as well as the social environment to give the user more green environmental protection "green" dazzle effect, and new energy automobile popularization is expected to accelerate.

2013年9月12日星期四

Shanghai free trade zone project as soon as this week

China (Shanghai) free trade area overall carbon steel concentric reducer plan draft revisions, at present has been basically finalized, also have to finish the relevant legal procedures, the fastest will be officially disclosed in this week. Plan was released, is to make a free trade area of Shanghai management interim measures.

According to people familiar with the black carbon steel butt welded concentric reducer overall concept of free trade area involving nearly 100 pilot task, including further deepen the hot rolled seamless steel pipe reform, speed up the change of government function, actively explore investment management mode innovation, expand service sectors, accelerate transformation of the mode of trade development, deepen the open schedule 40 hot dipped galvanized steel tubing innovation in the field of finance, establish corresponding to experimental zone and the institutional environment, such as regulation, more than half of which belongs to the category of system innovation.

System innovation are mainly concentrated in four aspects, respectively is: the expansion of investment in the field of changing the way of opening up, promote trade development, in the field of financial opening, and speed up the transition of the function of the government.

Shanghai composite bonded area management committee director zhang hong was also introduced, in order to promote trade development mode change, fta will encourage the development of many new formats, including the development of electronic commerce, finance lease, and high-end service, commodity trading, offshore trade, etc.Open the financial sector, fta will explore the establishment of a new experimental zone of financial regulation system, there will be a package of system innovation, including the yuan freely convertible, free flow of capital, etc.

2013年9月5日星期四

Russia raised its oil export duties

According to Russian customs website reported: since September 1, 2013, Russian crude oil (107.52, 0.29, 0.27%) export 90 degree pipe fitting long radius elbow tariffs from $379.8 / ton of August to rise to $400.7 / ton.

From September 1, 2013, the east Siberian oil fields, north Caspian sea oil fields and the Russian natural gas ASME Spiral Submerged Arc Welding pipe company split laszlo's oil field oil by preferential tariffs will be from last month's $180.8 / ton increase to $196.5 / ton. High viscosity oil preferential tax tax rate (10% of the oil tariffs), since the 1st of September from $37.9 in July/ton increase to $40 per ton.

Besides gas, petroleum products export ASTM A106 Fluid Steel Tube tariffs of the unified tax rate, since September 1, 2013 will be $250.6 / ton increase from August to $264.4 / ton. Keep the oil 90% tariff level of petrol duties since September 1 will be $341.8 / ton increase from August to $360.6 / ton.Liquefied hydrocarbon gas export tariffs will be from 1 September from August's $40.5 / ton increase to $75.5 / ton.

Note: according to take effect on April 1, "customs tariff" act amendment, in the future, the oil rate set by the Russian hot rolled seamless steel pipe ministry of economic development, in accordance with the government authorized institution of formula. A new calculation method of the oil and oil products export tariffs - "60/66/90" computing system is come into effect on October 1, 2011.

2013年8月27日星期二

Big line part of the term deposit interest rates to rise

And in addition to local Banks, joint-stock Banks also began to slowly adjust their savings strategy. To this year, at least several national shareholding commercial bank has raised its deposit rate to the top, and some of them are regional policy, some of them are national carbon steel concentric reducer policies.Such as guangdong development bank had launched the activity of the deposit interest rates to rise, the activity time is July 1 to September 30, in the period of new deposits, two-year deposit rate rose from 3.750% to 4.125%, a three-year rose from 4.250% to 4.675%.

State-owned large line also has a part of the term deposit interest rate, carry out the policies of the rise long radius butt weld pipe elbow considerably, according to the five lines of website data, five big bank deposit interest rate policy completely consistent, increase under the one-year deposit interest rate to a certain extent, more than one-year deposit interest rate as the benchmark interest rate, the one-year deposit interest rate of 3.25%, compared with the benchmark interest rates to rise about 8%. Parts of the STD seamless steel pipe ASME B36.10m tube previous line at nus has raised more than one-year fixed deposit interest rates.

Deng Mao believes that competition between Banks is not only on price, there are other factors. Now, the state-owned big line must be will be influenced by a certain degree, but also difficult to fathom will follow up. If the deposit erosion is more serious, may follow.

The city businesses that current execution rate roughly divided into three levels, the first five lines are state-owned, are generally according to the national interest rate policy; The second level is the joint-stock Banks, on the basis of state-owned five lines of some; The third level is a small city commercial bank, the general is a floating to.
The city's business, he says, is in deposit rates after completely let go, five in the role of interest rate formation is extremely important. "A bit exaggerated, it can be said that the five line's interest rate decision, the small and medium-sized Banks because they share is hard to shake."

2013年8月21日星期三

4 billion tons of coal with excess capacity

Under the coal profits and massive investment stimulus, the national coal output more than 4 billion tons. Combined with the jinshaan MengNing main coal-producing provinces such as mine resource integration and technical reformation, and gradually entered the production 6" sch80 galvanized carbon steel pipe stage, formed a large reserve capacity, serious overcapacity problem.But is not willing to excess capacity in the industry to describe the coal industry status quo, replaced by "cyclical excess and advance the construction of a productivity". Since the "eleventh five year plan", the whole society of coal to complete 2.53 trillion yuan of investment in fixed assets, new capacity of about 2.4 billion tons.

But since last year, the domestic coal American carbon steel eccentric reducer investment began to decline. In the first half of this year, coal mining and washing industry investment in the mining industry is the only industry fell, fell 2.5% year on year. The first seven months of coal investment is still the continuation of the pattern of negative growth, fell 1.6% year on year, a drop.

Coal industry experts believe that did not see signs of improvement in the coal market in the short term, there was no coal shortage situation in the high temperature period this year.Coal industry 7D Butt Welded Bend Pipe fittings association predicts that in the third quarter and will remain a small increase in the second half of the coal demand, production capacity continues to release, the import increase, the market continued easing total supply and demand, structural surplus situation, the whole society inventories remain high, coal prices downward pressure is still there, heavy industry production capacity and inventory of tasks, enterprises will face greater difficulties.

In the long run, the eighteenth big report to the 2020 national GDP and income doubled, the support for the coal consumption play a role. "To the long-term development, the status of the coal as the main energy of our country is very difficult to change, coal industry still has a larger development space." Jiang Zhimin said.

The steel trade business capital chain problem

From the center daily news this year, the performance of the steel industry continued downturn seems to be improving. Of disclosure in earnings during the first half of the iron and steel enterprise net profit has increased.

LingGang shares, according to data from the first half of this year the company profit attributable to shareholders of listed companies net profit of 36.9273 million yuan, increased 115.92% 114mm carbon seamless steel pipe china suppliers year-on-year. Long litas material in the first half net profit year-on-year growth of 37.95%; The big special steel net profit up 29.42% from a year earlier.
But it is worth noting that some time ago "money shortage", for the whole steel circulation industry is worse. It is understood that the general scale of steel trade enterprises, the need to rely on bank loans, when at least ten thousand yuan, it is not surprising that hundreds of millions of yuan. Domestic was nearly ten branches in jiangsu province governor for steel trade financing black hole "fall", also reflects the steel trade, the fragile capital chain.

Famous Ma Zhongpu market experts pointed long radius butt weld pipe elbow out: "the early stage of the steel market prices fell sharply in a row, the steel trade business losses and capital chain tension, and some of the steel trade business repeat mortgage to futures speculation, loss serious. These Banks still no sequelae moderately relaxed lending restrictions on steel trade industry."

Recently, the domestic spot steel prices rise in two months in a row, some leading steel mills in the new monthly 90 degree pipe fitting long radius elbow ex-factory price increases. Steel information agencies "my steel" provide the latest market, according to a report in the latest week, domestic steel prices rose about 1.35%.

Cic advisory metallurgical industry researcher YuanZhiBin said, it shows that the steel prices rising channel has been basically stable, or will start, "the gold nine" market is expected to increase the profit margins of steel mills. But on the other hand, steel prices is behind a bigger rise in the prices of raw materials, or to corrode steel mills profit; Early mills stock fell sharply on the other hand, are likely to exist in steel enterprise in advance to fill inventory, subsequent sales or blocked. Therefore, in general, this round of adjustment of steel mills will eventually form a good remains to be seen.

2013年8月20日星期二

Debt translational soes

To effectively solve the steel trade market credit risks, jiangsu recently proposed "rely on the government, the parties work together, strive for debt restructuring" of the disposal way of ASTM A106 seamless carbon steel tube thinking. On this basis, is located in zhenjiang of sinosteel trading market (jiangsu series metal logistics company) non-performing loan restructuring, to walk in the front row.Yang bad resolve in sinosteel trading market, 234 million yuan of reorganization of non-performing loans, revitalize the bad loans of 150 million yuan, the loans eventually the repayment rate is expected to more than 82%.

But, in fact, there are still talk about the place of this practice. More than 20 times coordination meeting place for it.

Yang steel trade merchants 103 households in the market, among them 92 unpaid loans 233.54 million yuan, involving the bank of China zhenjiang branch, bank of communications in zhenjiang, zhenjiang long radius butt weld pipe elbow branch of bank of the people's livelihood, the bank of post office, zhenjiang and Yang middle businesses such as five Banks, except the minsheng bank as joint system total assets of real estate mortgage, the rest of the rows are guaranteed, coinsurance and movable property pledge loan.

Set by the local government efforts, the implementation of agreements signed between disposal commitment shall subject - - translation "debt restructuring disposal path. Among them, the local state-owned enterprises - jiangsu big line of lingang industrial investment co., LTD., as the 180 degree elbow pipe fitting asme b16.9 steel elbow main commitment shall, for the steel trade market assets acquisition, and bear corresponding liabilities.

Local people told this newspaper, due to the steel trade league system, one of the real estate market investors totaling 114.0232 million yuan land, property and line hanging on the ground of the accessory equipment had been mortgaged to the bank of the people's livelihood, but through coordination, "the branch from the overall situation, agreed to give up the assets mortgage, will all of the assets transferred to big companies."

Based on steel trade market has seriously insolvent, continue to pursue its guarantee responsibility has no practical significance, the local government advice, "the participation credit lines from logistics, real estate of the coupon system and great young guarantee assure responsibility."

In the end, by the reference bank loan to the big company loans 150 million yuan, and provided by the young midtown cast guarantee guarantee, the great lines of all the assets of a company purchase steel trade market, the reference line according to the repayment of loan amount respectively to recover overdue loans of 150 million yuan, the steel trade market corresponding button still merchants loan debt recourse to a big company.

The company hired fitness experts

He had participated in the many Nike fitness as instrument consultant product development. In July, 9 to5mac A106 spiral welded steel tube manufacturer website fitness industry unconfirmed news reported that he has joined the company, may be engaged in the development of smart watches iWatch. Since then, there are several people familiar with the matter confirmed to 9 to5mac website, he joined the company, will become a member of the iWatch development team.

The first confirmed he joined apple evidence from Twitter. Ask someone on Twitter he, if he really has joined the company, he replied, "yes, it is true," said a chance "exciting".

Mr Nick's resume, according to the fitness astm a234 CS seamless elbow R=1.5D industry's top talent have 40 weeks of time travel around the world every year, attend meetings, provide consulting for some company. In the past few years, he has held a Nike, Gatorade and general electric (23.85, 0.10, 0.42%), and other fitness consultant company. This time, he will and escape from the fitness industry, focus on helping the company develop iWatch smart watches.

According to Mr Nick online resume, he had carbon steel spiral welded tube worked with apple company, is the company's advisers to some project. Obviously, he's new role is crucial, need to go devoting themselves to their current job.

According to the multiple tweets and sets the picture above, a few days ago, his friends had he "left the fitness industry" held a party for him. One sets a photo shows the MacLife magazine cover, seems to imply that Mr Nick on apple's new role.