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.