Guangzhou: coal futures rose to weaken or in case of vertical fall since the beginning of this year, the domestic supply side reforms to promote a strong, coal enterprises to limit production, and environmental protection policies lead to high pressure, limiting the production cuts continuous supply fell sharply. On the other hand, the rapid rise in real estate prices, the bubble continues to expand. New construction, sales and investment data increased to stimulate demand for steel companies. Coal industry chain inventory level is in a low position in history. Lead to domestic coal spot and futures prices continued to rise. From September to October, iron and steel, the main coal producing areas of environmental protection policy for more intensive production, inventory at historic lows in the black commodities, supply and demand caused by the mismatch caused by skyrocketing prices. However, we believe that coal prices continue to rise in short-term power has been greatly weakened, the market is now in September or vertical decline. On the one hand, coal prices led to the rapid rise in supply side reforms have reached the limit of short-term profit; on the other hand, the coke material demand in the real estate bubble continued fermentation caused by steel prices began to doubt, in the real estate regulation under high pressure on steel demand will be reduced, and the coal prices rose sharply, steel profits being eaten, the profit rate decline, will take the initiative to reduce the start, short-term market downside risk gradually exposed. A fundamental analysis 1, the supply side reforms or slowing in recent coal output growth picked up in the supply side reforms in 1-8 months, the national coal production of 2 billion 178 million 870 thousand tons, representing a decrease of 247 million 490 thousand tons, down 10.2%. 1-8 month raw coal production compared with the beginning of Mysteel released the report to the production capacity of the predicted value of 1.57 tons. Among them, Shanxi, Inner Mongolia, Shaanxi provinces of the country’s largest contribution to the decline in coal production. 1-8 months, the total output of raw coal in three provinces decreased by 171 million 30 thousand tons, the contribution rate of the national coal production fell by up to 69.1%. Figure 1-1 raw coal output data sources: wind data supply side of the reform progress than expected, in the case of a sharp rise in prices, the reform process or slow down in the short term. 1-6 in 2016, according to the Ministry Deputy Minister Feng Fei, the first half of the elimination of iron and steel production capacity of 13 million tons, the annual task of 30%; 1-7 month, according to the NDRC director Xu Shaoshi introduced the first 7 months of the elimination of iron and steel production capacity of 21 million tons, the annual task of 47%; according to the September 30, 2016 Chinese metallurgical news "this year to defuse steel overcapacity the target has completed 77%" iron and Steel Industry Association, China gujianguo said that as of the end of August, to resolve the excess steel production capacity has to complete the objectives and tasks of this year was 77%. Annual target task is expected to be completed, or even over. July 2016 and August, respectively, to complete the annual task of 17% and 30%, a substantial increase in the process, the completion of the task in 2016 is expected to exceed the expected rate. At present, 76 national key coal enterprises for collective production, the report has been submitted to the Bureau of energy, 276 days adjusted back to the original 330 days limit production. And, during the period of 8-9, North China alone.相关的主题文章：
The mortgage bank and then into the meat and potatoes to buy a house loan is actually developers 6 t sql2005安装图解
The mortgage bank and then into the meat and potatoes to buy a house loan was 6 times and then into bank loans developers "xiangbobo" to buy a house loan was 6 times the Zheng Yizhen Liu Yan developers in a low rate, and the shortage of assets to the inventory policy background, the bank had been gradually weakening of the mortgage business (this article refers to personal housing mortgage loans) are regain favor, become the retail banking business for "xiangbobo". "Business is busy, the retail sales department to deploy forces from other departments." Industrial Bank, a branch of North China retail credit review responsible person on the Economic Observer newspaper said that since last year, where its branch personal mortgage business grew particularly fast, and compared to the previous two times. At the same time, four years ago, uphold the small micro strategy Minsheng Bank is also increasing mortgage business, housing loans in the first half of this year, compared with the end of 2015, an increase of 70%. Due to domestic retail business in China Merchants Bank mortgage running is also very active. Of course, the most positive to the number of state-owned banks. According to the Economic Observer newspaper reporter statistics, the new personal housing loans has become the main source of the four new lines of personal loans. China Construction Bank in the first half of this year, the rapid development of individual housing loan business, personal loans and individual housing loans, the new ranking first in the industry. A joint-stock bank executives said that the current bank of the economy and their own operating conditions so that we (banks) are looking for hedge funds exports, one of which is the retail business. However, in contrast to personal loans, for real estate development loans gradually differentiation, medium and small real estate business capital as winter comes, the bank loans for the development are increasingly cautious attitude. Mortgage and development loans, tightness between the highlights of the bank’s demand for hedge funds. Regain favor after the disclosure of listed banks report shows that last year the central bank to cut interest rates five times and the background of the interest rate market, personal loans because of relatively high quality assets, the contribution of the banking steadily, become the focus of competition for banks in business again. In the first half of this year, workers and peasants in the construction of the four state-owned banks are increasing the intensity of mortgage loans. Among them, the Bank of new loans 345 billion 400 million yuan, up 13.7% over the previous year, personal consumer loans, personal business loans were recorded negative growth, a new mortgage bank added a loan (329 billion 800 million) of all sources; CCB new loans 407 billion 800 million yuan, up 14.7%, accounting for a new loan at the end of the first half of 97%., individual housing loans amounted to 3 trillion and 180 billion yuan; new bank loans 311 billion yuan, up 16.1%, accounting for 97% of the same new loan; and the Bank of new loan of 299 billion 900 million yuan, the first half of the bank of China also increased the intensity of individual housing loans. China Construction Bank Chairman Wang Hongzhang said that in the three to one down and one, the macro policy, the second half of the CCB will also vigorously develop individual housing loan business. At the same time, China will actively participate in the construction of the existing real estate projects have been built to strengthen the construction of supporting facilities to promote housing provident fund loans. At the same time, the construction joint venture Sino German Housing Savings Bank will also provide low interest loans. As far as相关的主题文章：