New York crude oil futures prices closed sharply up 2.9% at $109.01 a barrel on Tuesday, mainly due to schedule 40 hot dipped galvanized steel pipe investors' concerns about the United States and its Allies may interfere the Syrian affairs mood increased, at the same time worried about this situation will spread to other oil producing areas.
The New York mercantile exchange (NYSE) in October delivery of light crude oil futures prices rose $3.09, closed at $109.01 a barrel, up 2.9%. According to the financial information R=5D 45 degree long radius eblow provider, according to data from FactSet statistics this price in main contract since February 24, 2012, the highest closing price.
The london-based ICE futures Europe exchange for delivery in September brent crude oil futures prices rose $3.63, closed at $114.36 a barrel, or 3.3%, its highest close since the end of ASTM A234-WPB equal tee February. According to this calculation, the north sea brent crude oil futures and the difference between light crude oil futures in New York for $5.35 a barrel, the price difference on October 14, 2011, hit an all-time high of $27.88 a barrel.
The international energy agency (IEA) in Paris, a senior oil analyst Matthew Paris (MatthewParry) pointed out that traders fear "(Middle East) could" implode "thoroughly, Iran and Russia has magnified the worries of speech". But he also pointed out: "I think, oil prices have reflected the considerable risk premium, but the latest rally reflects concerns only strengthen, rather than worrying new factor itself."
In terms of the investment, the risk premium can be viewed as investors for investment risk, the required higher pay. Measure Risk, the usual method is to use the risk-free interest rate (Risk - freeinterestrate), that is, the interest rate of government bonds as a target to compare with other risky investments. Above the risk-free rate, this part is called the risk premium high risk investment to get high pay, low risk is low, the risk is proportional to the risk premium.
2013年8月27日星期二
Support the development of transparent market
GobalORE gobalORE marketing manager ShangLong said to support the development of transparent market.
He pointed out that globalORE is a physical iron ore trading platform for the electronic, the goal is to support a liquid 5D induction bends 90 degree and transparency of the iron ore market, founded in 2012 by industry leaders such as baosteel, will be BHP billiton, glencore, hunan valin iron, ore, Rio tinto and vale of Brazil was launched, the existing 92 members, including the world including global steel, miners, and physical trading company (from Africa, Australia, Brazil, China, Europe and Japan). Since it was established in May 2012, 30, from the date of the iron ore on the globalORE turnover has amounted to 17 million tons.
GlobalORE is efficient, transparent, long radius butt weld pipe elbow rolling and security four big characteristics. Efficient refers to all transactions with the support of standard contract SIOTA = reduce the risk of contract negotiations and foundation; Transparent, is easier to compare prices, because different transaction under the terms of the contract and quality index is the same; Flow is refers to the market member community represents the global leader in the spot market participants; Security refers to the regulation of the monetary authority of Singapore, instantaneous trade execution, the A106 spiral welded steel tube manufacturer confidentiality of the market.
All the pricing information on the globalORE is decided in the buyer and the seller before the prices have been defined (quality, price adjustment and the terms of the contract), which is the market to decide price, globalORE will not price assessment, only after the trade effects of price adjustment is iron grade.
GlobalORE platform, as it were, as well as the price is transparent in daily, at the same time is also based on market members own views on the market a planning. It is important to note that in contrast globalORE quotation, please note that the reference foundation of iron grade and price adjustment formula. Because of the possible with other channels reported price is different.
He pointed out that globalORE is a physical iron ore trading platform for the electronic, the goal is to support a liquid 5D induction bends 90 degree and transparency of the iron ore market, founded in 2012 by industry leaders such as baosteel, will be BHP billiton, glencore, hunan valin iron, ore, Rio tinto and vale of Brazil was launched, the existing 92 members, including the world including global steel, miners, and physical trading company (from Africa, Australia, Brazil, China, Europe and Japan). Since it was established in May 2012, 30, from the date of the iron ore on the globalORE turnover has amounted to 17 million tons.
GlobalORE is efficient, transparent, long radius butt weld pipe elbow rolling and security four big characteristics. Efficient refers to all transactions with the support of standard contract SIOTA = reduce the risk of contract negotiations and foundation; Transparent, is easier to compare prices, because different transaction under the terms of the contract and quality index is the same; Flow is refers to the market member community represents the global leader in the spot market participants; Security refers to the regulation of the monetary authority of Singapore, instantaneous trade execution, the A106 spiral welded steel tube manufacturer confidentiality of the market.
All the pricing information on the globalORE is decided in the buyer and the seller before the prices have been defined (quality, price adjustment and the terms of the contract), which is the market to decide price, globalORE will not price assessment, only after the trade effects of price adjustment is iron grade.
GlobalORE platform, as it were, as well as the price is transparent in daily, at the same time is also based on market members own views on the market a planning. It is important to note that in contrast globalORE quotation, please note that the reference foundation of iron grade and price adjustment formula. Because of the possible with other channels reported price is different.
2013年8月21日星期三
Gome in Inner Mongolia for ten years
22nd of gome gome as a national system of Inner Mongolia branch, since its foundation in November 2003, after 10 years of hard work and unremitting efforts, has now developed into a set of Hohhot, baotou, linhe, wuhai, ordos, wulanchabu, tin event, 10 to 20 sales outlets ASTM A234-WPB butt-weld carbon steel cap of the region's largest home appliance chain enterprises. Since founded, Inner Mongolia, gome constantly creating another myth, sales year after year break the Inner Mongolia region business enterprise sales records, with an average of more than 30% per year growth rate occupy half of the home appliance retail market in Inner Mongolia.
We have learned, on February 21, 2004, gome in the first store in Inner Mongolia were forced to advance the opening time at three in the morning, opened 3 days sold sold 12 million; Just two months astm a234 seamless carbon steel tee later, on April 24, gome baotou flagship store dressed up to two days sales breakthrough must mark; In the same year on September 4, gome baotou qingshan mall store opened, 3 days break must once again. These achievements in the retail industry in Inner Mongolia has the opening of the myth.
On June 29, 2007 to July 8, Inner Mongolia, gome electrical appliances with "friends forever" as the theme of "gome 2007 the 3rd summer festival". Gome also respectively in baotou of Inner Mongolia 5D induction bends 90 degree KunOu mall and Hohhot zhongshan mall two flagship store held a large bulk night market activities. Lasted nearly four hours, night market clinch a deal amount is above 3 million, successfully explained the entertainment marketing concept. Eleven "golden week", 2008, gome in Inner Mongolia ahead, take the lead in a large store sales closed, and big FuWuPai, 10 days sold sold 160 million yuan, made 11 of the war to a successful conclusion. In 2010, with "the new image, new upgrade, the new orientation, new environment, new products, new services, new experiences," seven new patterns, gome implement Bai Yunlu store daily sales performance of over ten million yuan, hit a home appliance industry sales of legend. In April, 2012, gome in Inner Mongolia to open marketing, launch purchase home jointly with China unionpay brush unionpay card at subsidized consumer promotion activities. From April to June, more than a month of time, gome electrical appliances co., LTD and China unionpay in Inner Mongolia, Inner Mongolia branch has launched the "May Day" golden week "electric charge purchase subsidies, subsidies to mark the fifth anniversary of the" unionpay shopping ", "section 62 card friends - rob brush cheap opportunity" three theme marketing activity, have achieved good publicity and sales, in the home appliance retail industry and financial industry in the implementation of the innovation of the cross-border cooperation and success. At the end of 2012, gome in Inner Mongolia tin event store opened a huge success, not only brought advanced products to the local home appliance retailing, advanced marketing idea, also makes the gome electrical appliances in Inner Mongolia empire to the extension in middle Inner Mongolia.
We have learned, on February 21, 2004, gome in the first store in Inner Mongolia were forced to advance the opening time at three in the morning, opened 3 days sold sold 12 million; Just two months astm a234 seamless carbon steel tee later, on April 24, gome baotou flagship store dressed up to two days sales breakthrough must mark; In the same year on September 4, gome baotou qingshan mall store opened, 3 days break must once again. These achievements in the retail industry in Inner Mongolia has the opening of the myth.
On June 29, 2007 to July 8, Inner Mongolia, gome electrical appliances with "friends forever" as the theme of "gome 2007 the 3rd summer festival". Gome also respectively in baotou of Inner Mongolia 5D induction bends 90 degree KunOu mall and Hohhot zhongshan mall two flagship store held a large bulk night market activities. Lasted nearly four hours, night market clinch a deal amount is above 3 million, successfully explained the entertainment marketing concept. Eleven "golden week", 2008, gome in Inner Mongolia ahead, take the lead in a large store sales closed, and big FuWuPai, 10 days sold sold 160 million yuan, made 11 of the war to a successful conclusion. In 2010, with "the new image, new upgrade, the new orientation, new environment, new products, new services, new experiences," seven new patterns, gome implement Bai Yunlu store daily sales performance of over ten million yuan, hit a home appliance industry sales of legend. In April, 2012, gome in Inner Mongolia to open marketing, launch purchase home jointly with China unionpay brush unionpay card at subsidized consumer promotion activities. From April to June, more than a month of time, gome electrical appliances co., LTD and China unionpay in Inner Mongolia, Inner Mongolia branch has launched the "May Day" golden week "electric charge purchase subsidies, subsidies to mark the fifth anniversary of the" unionpay shopping ", "section 62 card friends - rob brush cheap opportunity" three theme marketing activity, have achieved good publicity and sales, in the home appliance retail industry and financial industry in the implementation of the innovation of the cross-border cooperation and success. At the end of 2012, gome in Inner Mongolia tin event store opened a huge success, not only brought advanced products to the local home appliance retailing, advanced marketing idea, also makes the gome electrical appliances in Inner Mongolia empire to the extension in middle Inner Mongolia.
2013年8月20日星期二
Supply chain management confusion
The news that apple for foxconn production environment after serious questions about committed to "cut off relations with all Chinese suppliers of child labor".
Market rumors, in order to strengthen supply chain management, apple is trying to make its supply diversification, apple has also 6" sch80 galvanized carbon steel pipe adopted a "distant foxconn to pegatron" approach.
Tan small fang also told reporters that apple's supplier management, the cook had to talk about the policy of "checks and balances". Apple, for example, has cultivated the pegatron, as foxconn foundry rivals.However, with pegatron recently referred to labor problems, apple's supply long radius butt weld pipe elbow chain is "press the gourd ladle".However, in an interview with China business newspaper reporter also learned that in fact, apple's relationship with foxconn "unusual".
The personage inside course of study to introduce Chinese enterprises newspaper reporters, around 2000, apple was once management dilemma. That time, apple wants to cooperate with a Japanese company, but was rejected. Unlike other foundry enterprise, foxconn is bullish on the 180 degree elbow pipe fitting asme b16.9 steel elbow future of apple, so the effort to build the production line working with apple. That is to say, foxconn was apple's "big benefactor".
In addition, the reporter found that although repeatedly accused, exist for some illegal record companies, apple did not list from the supplier.Small fang tan pointed out that "apple to pollution of supply chain management is very chaotic, many suspected pollution of supplier and didn't get the effective punishment. Apple apple there are potential sources of pollution, many of the processes of apple's supply chain is expanding rapidly, more suppliers to expand capacity under construction in the new factory, so the pollution is caused by the rapid spread of apple products."
And the personage inside course of study, according to contract terms and apple through long-term cooperation and two-way choice, both sides can benefit. If they give up the existing contract, whether to apple or contract, it is difficult to accept, so in the short term is unlikely to have a lot of substantive change.Chinese enterprises newspaper reporter telephone call apple, also send E-mail interview, but were still did not get a reply.
Market rumors, in order to strengthen supply chain management, apple is trying to make its supply diversification, apple has also 6" sch80 galvanized carbon steel pipe adopted a "distant foxconn to pegatron" approach.
Tan small fang also told reporters that apple's supplier management, the cook had to talk about the policy of "checks and balances". Apple, for example, has cultivated the pegatron, as foxconn foundry rivals.However, with pegatron recently referred to labor problems, apple's supply long radius butt weld pipe elbow chain is "press the gourd ladle".However, in an interview with China business newspaper reporter also learned that in fact, apple's relationship with foxconn "unusual".
The personage inside course of study to introduce Chinese enterprises newspaper reporters, around 2000, apple was once management dilemma. That time, apple wants to cooperate with a Japanese company, but was rejected. Unlike other foundry enterprise, foxconn is bullish on the 180 degree elbow pipe fitting asme b16.9 steel elbow future of apple, so the effort to build the production line working with apple. That is to say, foxconn was apple's "big benefactor".
In addition, the reporter found that although repeatedly accused, exist for some illegal record companies, apple did not list from the supplier.Small fang tan pointed out that "apple to pollution of supply chain management is very chaotic, many suspected pollution of supplier and didn't get the effective punishment. Apple apple there are potential sources of pollution, many of the processes of apple's supply chain is expanding rapidly, more suppliers to expand capacity under construction in the new factory, so the pollution is caused by the rapid spread of apple products."
And the personage inside course of study, according to contract terms and apple through long-term cooperation and two-way choice, both sides can benefit. If they give up the existing contract, whether to apple or contract, it is difficult to accept, so in the short term is unlikely to have a lot of substantive change.Chinese enterprises newspaper reporter telephone call apple, also send E-mail interview, but were still did not get a reply.
The domestic bond market imbalance between supply and demand
Late in financing area under relatively pessimistic expectations, with asymptotic, inter-bank bond market continued dismal returns. Yesterday for more than 500 one hundred million yuan of local government bonds (hereinafter referred to as "local debt") the bid-winning rate hit a record high level, low bid ratio dropped to years. On the same day, high-profile 10-year yields to 4% mark.
Is a tighter liquidity on the one hand, on the one hand, is the bond interest rate is high, the bond market supply and demand imbalance continues. In the supply of close to $200 billion last STD seamless steel pipe ASME B36.10m tube week after the peak, in the rest of this week, there will be 20 billion yuan, 18 billion yuan agriculture development bonds, 30 billion yuan and 11.2 billion yuan of local government debt in shandong province for bidding, close to 80 billion yuan.
The local government debt by the ministry of finance agency tianjin, henan, yunnan, shaanxi provinces and cities, including 3 - and 5-year two fixed-rate variety, size is 25.3 billion yuan and 25.5 billion yuan astm a234 CS seamless elbow R=1.5D respectively, amounted to 50.8 billion yuan.
According to the central Treasury securities registration and clearing corporation (hereinafter referred to as "the debt's") announced yesterday, this three-year bonds varieties TouBiaoLiang 28.62 billion yuan, bid ratio 1.13 times; Five-year TouBiaoLiang varieties of 28.37 billion yuan, ASTM A234 socket welding pipe fitting tee bid ratio 1.11 times, both the local government debt and bid ratio low so far this year.
More notable is that interest rates. According to disclose, varieties of three-year bonds coupon or fixed in-terest rate 4.29%, in current five-year varieties coupon rate of 4.43%, as the highest form of local government debt was born in 2009, respectively, than the previous trading day of the secondary market yields higher than the 16.69 and 23.83 basis points. Twice in the same period last year compared with the period of local government debt tender, nominal interest rates rise by more than 100 basis points.Several interbank traders to "first financial daily" reporter said: "the current market environment, institutional configuration will slump, funds rate rising rapidly, the supply is so big, can be filled." On Thursday, under the huge pressure to supply, the export-import bank of China new debt-financed appeared flow standard.
Is a tighter liquidity on the one hand, on the one hand, is the bond interest rate is high, the bond market supply and demand imbalance continues. In the supply of close to $200 billion last STD seamless steel pipe ASME B36.10m tube week after the peak, in the rest of this week, there will be 20 billion yuan, 18 billion yuan agriculture development bonds, 30 billion yuan and 11.2 billion yuan of local government debt in shandong province for bidding, close to 80 billion yuan.
The local government debt by the ministry of finance agency tianjin, henan, yunnan, shaanxi provinces and cities, including 3 - and 5-year two fixed-rate variety, size is 25.3 billion yuan and 25.5 billion yuan astm a234 CS seamless elbow R=1.5D respectively, amounted to 50.8 billion yuan.
According to the central Treasury securities registration and clearing corporation (hereinafter referred to as "the debt's") announced yesterday, this three-year bonds varieties TouBiaoLiang 28.62 billion yuan, bid ratio 1.13 times; Five-year TouBiaoLiang varieties of 28.37 billion yuan, ASTM A234 socket welding pipe fitting tee bid ratio 1.11 times, both the local government debt and bid ratio low so far this year.
More notable is that interest rates. According to disclose, varieties of three-year bonds coupon or fixed in-terest rate 4.29%, in current five-year varieties coupon rate of 4.43%, as the highest form of local government debt was born in 2009, respectively, than the previous trading day of the secondary market yields higher than the 16.69 and 23.83 basis points. Twice in the same period last year compared with the period of local government debt tender, nominal interest rates rise by more than 100 basis points.Several interbank traders to "first financial daily" reporter said: "the current market environment, institutional configuration will slump, funds rate rising rapidly, the supply is so big, can be filled." On Thursday, under the huge pressure to supply, the export-import bank of China new debt-financed appeared flow standard.
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