Huaan coal futures downtown pressure on the economy upward resistance denka

Huaan Futures: Coke upside resistance a downtown pressure on the economy and trading strategies the coal price restored to the level of 2014, although the supply fundamentals improved slightly, but the price already reflects the premium effect brought by Dumbledore, and the terminal demand has not significantly boosted, in anticipation of the weak demand under the background of late, disappointment will drag char from high callback. But another point of view, the background of energy saving and environmental protection, the supply side reform, coal supply side contraction effect and the cost of support for coal prices will drag bottom, therefore, maintain short-term bearish long-term fluctuated point. J1701 shock interval of 1000-1350, JM1701 shock interval 700-950, the overall strategy in this area select band operation. Two, the influence of coal tar prices factors 2.1, the enormous pressure of economic growth, is still the biggest pressure during the market where the National Bureau of statistics data show that after 2016 of GDP in the first half of 340637 yuan, an increase of GDP 6.7%, the two quarter grew 6.7%, unchanged from the previous quarter. Figure 1 GDP growth slowed (%)                               Figure 2 new fixed asset investment growth weak (unit:%)   source: WIND, the futures industry in Huaan Research Center of the National Bureau of statistics, 2016 1-7 months, the national fixed asset investment (excluding rural households) 311694 billion yuan, up 8.1% nominal growth, the growth rate down 0.9 percentage points over 1-6 months. From the chain speed, July fixed asset investment (excluding farmers) grew 0.31%. 2016 1-7 months, private fixed asset investment 191495 yuan, an increase of nominal growth of 2.1%, the growth rate fell by percentage points lower than in 1-6. Private fixed asset investment accounted for the proportion of the national fixed asset investment (excluding farmers) was 61.4%, lower than the same period last year by 3.6 percentage points. Simple from the economic growth in the first half of the data, the overall economy is still in a reasonable period of time to maintain the government expected; but look for economic growth structure, the pressure is more worrying. As the traditional engine of economic growth in the "three carriages" there is no doubt that only the investment in fixed assets in a "struggling" stable economic growth; but with the property market inflection point and long-term restructuring after the emergence of fixed asset investment growth slowdown is inevitable. This slowdown in the growth rate directly determines whether the economy is in a reasonable period to maintain growth, which is the biggest pressure on economic growth in the second half. First of all, from the national fixed asset investment (excluding farmers) this is a view, even if the policy underpinning the infrastructure project plan is in accordance with the rhythm of the implementation, but the real estate investment.相关的主题文章: