Elimination of backward production capacity can become a "straw" bailout?

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Raw materials, 150 * 150 carbon billet in Tangshan region of 3,050 yuan, down 20 yuan from 21 May; Tangshan region 65-66 grade acidic dry iron ore prices in 1050, compared to 21 days or 10 yuan; Tangshan secondary metallurgicalcoke price was 1,480 yuan, the same as in the 21st.

 

Capital market or spot market is still in the doldrums. The news surface no bright spots to speak of, the face of tighter at the end of funds, the central bank has yet to drop quasi injection of liquidity, but resorted to the history of one-day reverse repurchase amount of days ", extinguished not only a short-term drop the expected standard, but also more fragile market confidence. Stock market intraday fall below 2100 point integer points, the fall of the 5-day moving average of steel the electronic disk across the board fell. Although there are factors habitual fell, for the bearish mentality of the economy as well as the practical needs of the frail or occupied the dominant factor in this case the short term, not only will not have quite changed, and there is the possibility of further continuation. In particular, high-yield is still hanging over the market, a sharp knife, knives do not, the danger is always present. Although the State Council, "the 12th Five-Year" out of Steel production capacity of 48 million tons each, but for now there is no apparent action around the steel mills or past "thunder and heavy rain and small" to make the elimination of backward production Phi on a layer of "idealized coat, less unabated see action, eliminate backward production capacity can become a the bailout" straw ", the key is to look at the ultimate power and effect.

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