Market Flash

On September 1, Korla fragrant pear began to be picked on trial; on September 6, Korla fragrant pear will be officially picked.

• pear

The data showed that the prices of 167 kinds of edible agricultural products under monitoring increased by 99 kinds, decreased by 60 kinds and remained unchanged by 8 kinds.

• pork
• fish

Develop the key battle of food safety around campus. Administer the illegal and illegal activities of the food business units around the campus, such as operating without license.

• workshop
• management

At the same time of sampling inspection, it also focused on checking whether the licenses of the main body of food business were complete, whether the employees were undergoing physical examination.

• sampling
• inspection

US August ethylene contracts have not fully settled and will likely be part of a two-month settlement in early October, amid mixed views about production costs.

• US
• ethylene

German industrial output fell again in July, slumping 0.6% month on month, according to data agency Destatis, leaving the odds of the country falling into recession “all but confirmed”, according to an analyst.

• German
• industrial
• output

According to data released by China Iron and Steel Industry Association on July 29, the daily output of crude steel in China was 2.7491 million tons, down 5.78% annually.

• iron
• steel

Since this year, the daily consumption of power plants has declined and coal storage has increased substantially, resulting in greater pressure on the coal market to supply more than demand.

• power
• plant

Recently, six departments issued the Work Programme for Classified Disposal of Coal Mines Below 300,000 Tons/Year, which proposed quickening the withdrawal of backward coal production capacity.

• coal
• mine

On August 29, 2019, the BDI index was 2277, up 10 points, or 0.44%, from the previous trading day.

• BDI
• index

Since 2019, the coal market has changed from "supply-led" to "demand-led". Under the background of industrial restructuring, the demand of downstream coal industry is not expected.

• coastal
• coal

As a weathervane, the trend of Baltic Dry Bulk Freight Index (BDI) is often highly correlated with the performance of shipping sector in A-share market and iron ore.

• BDI

On September 2, the purchasing managers index (PMI) of Caixin China's manufacturing industry rose by 0.5 percentage points in August to 50.4.

• manufacturing
• industry

According to data released by the National Bureau of Statistics on August 31, China's Manufacturing Purchasing Managers Index (PMI) fell 0.2 percentage points to 49.5% in August compared with the previous month.

• manufacturing
• PMI

According to the news of the National Bureau of Statistics on 31 August, the statistics bureau announced the operation of the purchasing manager index of China in August 2019.

• PMI

On September 1st, the first batch of US tariff measures imposed on US $300 billion imported products to China was formally implemented.

• trade

On September 3, foreign media reported that the Ministry of Industry and Information Technology of China announced on August 30 that Tesla Electric Vehicles would be exempted from vehicle purchase tax.

• Vehicle
• Tax

On August 29, news came from the provincial transportation department that the formulation of the "14th Five-Year Plan" for transportation development in the province had recently started.

• transportation

In August, the domestic anthracite market weakened as a whole. The demand for anthracite in downstream chemical and metallurgical industries continued to be low.

• anthracite

In recent days, there have been some divergences on the price trend of power coal. Some port traders are optimistic about the future market, and the tender sentiment is getting stronger.

• coal