Coking coal market will usher in a phased decline

Coking coal will usher in a phased down market hot column capital flows thousands of thousand comment stocks diagnosis the latest rating simulated trading client Sina Taiwan Fund exposure: the letter Phi lag of false propaganda, long-term performance is lower than similar products, to buy the fund by the pit how to do? Click [I want to complain], Sina help you expose them! Our view is the coking coal, or to track the xianyanghouyi, October will be transferred to the bearish trend. Judging from the current trend, coking coal, coke is walking in the first Yang stage, will start to build a high degree of innovation after the top of the stage, after going out of the market. In August economic and financial data to pick up goods, black Chinese took the opportunity to rebound from 1 to August, fixed asset investment grew by 8.1%, the end of the fall of four, mainly due to the real estate and private investment led to pick; in August 30 large and medium-sized city commercial housing turnover area of 25 million 607 thousand and 400 square meters, an increase of 6.24%, real estate sales rebounded slightly. In addition, the property market in August rose to expand the chain, first and second part of the hot city housing prices rose, reflecting the "golden nine silver ten" is expected to show the effect of. August new RMB loans 948 billion 700 million yuan, mainly loans to residents of long-term loans increased significantly. The scale of social and economic integration of 14700 billion yuan, compared with July rebounded sharply by $487 billion 900 million. M2 grew 11.4%, M1 grew 25.3%, two difference narrowed, but still maintain a high M1. In the real economy, the rate of decline in the background, the willingness to invest in the doldrums, the influx of funds into the real estate market has become the main driving force to push up prices. China’s economic and credit data in August to pick up, as well as the Fed’s September meeting did not raise interest rates and other factors, jointly driven by a strong rebound in black goods in late September. September 19th to 26, coking coal contract rose 11.14%, and hit a new high in. Coke 1701 contract rose by 12.48%, only one step away from the new high of the year. However, we believe that the real estate investment, sales pick up mainly by the "golden nine silver ten" season of consumption boost, does not have the sustained driving force, the real estate market in October after the inflection point has been formed, or real estate investment growth continued to slow down. The first stage of the response mechanism to start the power coal, coal prices or pressure down in August 23rd, the national development and Reform Commission held a coal forum, decided to start the first level response mechanism. First level response refers to when the price of steam coal rose to 500 yuan per ton, the average daily increase of 500 thousand tons, covering the country’s 74 mines. The direct cause of the first level response mechanism is that the domestic coal prices rose in the last two months. According to the Qinhuangdao coal network pricing information, as of September 21st, Qinhuangdao seaborne coal market released the latest issue of the Bohai thermal coal price index (the average price of ring fever in Bohai area 5500 kcal coal), 554 yuan per ton. As of September 26th, 1701 tons of steam coal reported at 525.4 yuan, close to the high point of the year. With the implementation of the mechanism to increase the production of coal, coal prices will fall pressure. Increase in the Fed’s interest rate increase during the year, pre相关的主题文章: