Switching from old to new national standards for steel bars causes panic in the market. The Securities Association of China (SAC) has issued six proposals. Industry insiders believe the market has bottomed out.
With the implementation of the new national standard for steel bars in September, the market is in panic about the inventory and sales of the old national standard steel bars. Yesterday, the China Securities Regulatory Commission issued six initiatives to stabilize the market sentiment throughout the industry. Due to the bearish sentiment largely dissipated during the previous period’s decline, construction steel companies have reduced losses and shortages in structural deficiencies in old national standards. Industry insiders expect market prices to bottom out.
Intraday Overview: Hong Kong's three major indexes fell together, with the science and technology index falling over 1%; golden industrial concept rose against the trend, with SD Gold up over 3%.
Electric vehicle stocks collectively fall, as the EU officially imposes temporary anti-subsidy duties, and car companies' oversea expansion models face challenges.
MIIT issues draft proposal for soliciting opinions: recording and expanding production capacity of cement clinker and flat glass projects are strictly prohibited.
The Ministry of Industry and Information Technology publicly solicits opinions on the Implementation Measures of Capacity Replacement in the Cement and Glass Industries (2024), Draft for Soliciting Opinions.
The implementation of the new national standard is imminent! Recently, cement prices have generally risen, and the industry has been reshuffled or intensified
The mandatory national standard GB 175-2023 “General Silicate Cement” (“New National Standard for Cement”), led by the Ministry of Industry and Information Technology, was officially implemented on June 1. The new national standard not only puts forward stricter and more detailed requirements for the strength, fineness and composition of cement, but also regulates the types of mixtures used, and cement production standards have been raised again.
“There are new breakthroughs in research” and the superconductivity is detonated again! Are the wolves here again?
Institutions: Many fields have entered a period of large-scale expansion.
Room temperature superconductivity has been reversed again! The Korean team released the second LK-99 levitation video, and a new paper from the University of Science and Technology proved antimagnetic resistance for the first time
The room temperature superconducting storm continues. Today, South Korea unveiled the second levitation video of the LK-99 to the world. Meanwhile, new papers by Chinese University of Science and Technology and Indian physicists are all optimistic about the future potential of the LK-99.