Quote from stefek

Indonesia bans coal exports in January to avert power crisis - Authorities in Indonesia have suspended coal exports for the entire month of January to avert a power crisis

Bas tempirano s novom godinom

Quote from zlocesti

https://www.jutarnji.hr/vijesti/hrvats…o-1500-15139855

No, ovo je dakle cijena utakmice.

Moglo se dakako i bez toga.

Moram priznati da sam vrlo sretna da ne živim u Splitu

Jer očito, u lijepoj našoj svatko misli samo na svoju stražnjicu, pa tako i ja na svoju

Ma situacija je jos gora, jucer je bio kolaps s testiranjem ja sam danas isao puno ljude nisu primili za testiranje jer ne mogu obradit nakon odredjene ure su rekli ne primamo vise one koji nisu naruceni, ne bi da se ljudi ne bi narucili samo je problem sta se ne mozes narucit prije 2.1 kad si vec prebolio prakticki pa ljudi dolaze sami, a onda da ne govorim o samoj neorganiziranosti, dodje netko na testni pult pa razgovora o svom problemu zbog sustava 10 min i tada sve stoji umisto da se netko drugi s tim bavi, drugo nitko ti ne zna rec oce te primit nece nego ka budale ljudi cekali uru dvi da bi im na kraju rekli da ih nece primit, strasno sta je vladajuca garnitura napravila s degradacijiom sustava i to sve vise dolazi do izrazaja, sve je dobro dok ljudi ne pocmu pucat na zivce, a ima ih na granici dovoljno.

Quote from accountant

nego gledam portfelj, vodim paralelno u kunama da znam gdje sam u domicilnoj valuti

jel itko primjetio da nam je dolarski portfelj u odnosu na kolovoz/rujan 'jači' za nekih 5%

tečaj je onda bio oko 6,30-6,35 kn za dolar, danas smo već na 6,65 kn za dolar

u lipnju ove godine je tečaj nakratko bio i ispod 6,15 kn za dolar

ako nastave dizati kamatu, moglo bi i preko 7 kn za dolar

što mislite?

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Ja sam se vec odavno pozicionira prema dolarskoj strani zasad sve ide u tom smjeru ali ceka se jos malo potvrda tipa da ovi 10y yield pokaze gdje ce.

Zanimljiv pregled nastanka i povijesti Atlantske

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Oce li zazivit ili nece ne znam, ali ovo tko se otisao tko se pridruzio na ovakav nacin je glupo, trebalo bi sastrane samo pisati tko je u sobi i to je to

Jutro u citanju

Captive power producers urge govt to ensure normal coal supplies

The Indian Captive Power Producers' Association (ICPPA) alleged that independent power producers did not build up the required inventories which led to the…

www.business-standard.com

A captive power producers' association has urged the government for 100 per cent normalisation of coal supply to captive power producers while blaming independent power generators for the coal crisis and "complete crash of whole system".

The Indian Captive Power Producers' Association (ICPPA) alleged that independent power producers did not build up the required inventories which led to the supply crisis.

"Today where we have reached is 35-40 per cent of what we should be getting ... Right from today let there be 100 per cent normalisation of supplies to captive power plants (CPPs)," Rajiv Agarwal, Secretary General, ICPPA said in a press conference.

IPPs do not build up the inventories for various reasons, as a result the safety stock and the insurance stock as it is called is depleted and subsequently there is a complete crash of the whole system, he said.

"All the coal rakes made for CPPs have virtually stopped," he said.

IPPs, he said, are not building inventories because they know that if there is a crisis the whole government will help them.

"This is the right time the government should start normalising the supplies because we are getting some feeler is that first they want to build up very high some 30 days inventory by March and after that they will start supplying to CPPs and industries....for next year also the CPP would continue to face problem and will be in crisis," he explained.

COVID-19 from last year created havoc for industries, infrastructure and the economy, and in such a situation the current coal crisis has been much more worrying factor for captive power, he said.

Japan aims to be selling ammonia-fuelled ships by 2028 - Splash247

Japan, Inc is rallying together in making ammonia-fuelled ships a reality. Shipping major Kawasaki Kisen Kaisha (K Line) along with fellow owner NS United…

splash247.com

Japan aims to be selling ammonia-fuelled ships by 2028

Japan, Inc is rallying together in making ammonia-fuelled ships a reality.

Shipping major Kawasaki Kisen Kaisha (K Line) along with fellow owner NS United Kauin Kaisha, trading house Itochu Corporation, the country’s largest shipbuilder, Nihon Shipyard and Mitsui E&S Machinery have received significant government funding to develop ammonia-powered deepsea ships with an aim to get these ships in the market by as early as 2028 to give Japan a commercial lead in what is widely seen as the next generation of propulsion.

The two owners and Itochu will be responsible for trialling all the equipment developed while the shipyard will develop a hull equipped with fuel tanks and an ammonia fuel handling system onboard. Mitsui E&S Machinery, meanwhile, is tasked with creating the ammonia fuel tank and fuel supply system and the technology related to the new engine, something Mitsui E&S is also working on in a separate project with engine manufacturer MAN and another Japanese owning giant, Mitsui OSK Lines (MOL).

Russian coal supplies worsen on all export routes | The Coal Hub

Logistical issues with Russian coal deliveries to seaports are gaining momentum on all export routes, resulting in a shortage of material on the market that may cause an even greater deficit in the coming months. The supply disruptions are particularly acute at ports in the Baltic and the Far East.

In the North-West direction, repairs are underway on Oktyabrskaya railway, that, combined with snowfalls, led to congestion on the railway and a large number of abandoned trains. In January-November 2021, rail shipments to Rosterminalugol (RTU), the largest coal terminal on the
Baltic Sea, decreased by 1.9 mio t to 22.2 mio t (y-o-y, according to adjusted data). RTU’s coal stocks for the first time fell to a historic low of 25 thousand t, while the simultaneous storage capacity of the terminal amounts to 633 thousand t (see CAA Russian Coal Weekly dated December 10, 2021).

Daily temperatures in the region dropped to -200C, increasing difficulties with unloading railcars with frozen coal at ports and forcing Russian Railways (RZD) to impose railway bans on coal deliveries to certain terminals. Starting from December, ice restrictions are expected to be introduced on the Baltic Sea, that will cause additional delays in Russian coal supplies to international markets.

Quote from st-brajo

Quote from komot

Moja žena je došla iz Zagreba na selo i nebrojeno mi je puta rekla kolko se preporodila. Na par kilometara mi je sve što mi treba za svakodnevni život, Zagreb mi je na pola sata ako mi treba namještaj ili garderoba a to idem par puta godišnje. I, ako izuzmemo rad na visokoplaćenim zanimanjima, prosječna plaća se može zaraditi i izvan Zagreba tako da ne stoji ona da moraš svaki dan putovat na posao.

uskoro ćete za takve manevre dobivati i poticaje

https://www.index.hr/mobile/clanak.…ndex_tid=174902

Nista odem se malo odselit turisticki, pa se bum vratil da mi porezni obveznici napune malo djepove

Of the operating U.S. coal-fired power plants, 28% plan to retire by 2035 | Hellenic Shipping News Worldwide

Although coal-fired power plants have no mandatory retirement age, power plant owners and operators have reported to EIA that they plan to retire 28%, or 59 gigawatts (GW), of the coal-fired capacity currently operating in the United States by 2035. As of September 2021, 212 GW of utility-scale coal-fired electric-generating capacity was operating in the United States, most of which was built in the 1970s and 1980s, according to our Preliminary Monthly Electric Generator Inventory.

The data also include a comprehensive list of coal-fired generators that have retired since 2002. Since 2002, around 100 GW of coal capacity has retired in the United States; the capacity-weighted average age at retirement was 50 year

As of September 2021, developers have not reported plans to install any new utility-scale coal-fired power plants in the United States, according to our Preliminary Monthly Electric Generator Inventory.

Underlying steel demand is intact; don’t expect steel prices to fall: JSW Steel | Hellenic Shipping News Worldwide

CNBC-TV18 spoke to Seshagiri Rao, Jt MD & Group CFO of JSW Steel to get a sense of demand on the ground and the price picture. Rao said the underlying demand is still intact and he does not expect steel prices to fall further.

CNBC-TV18 spoke to Seshagiri Rao, Jt MD & Group CFO of JSW Steel to get a sense of demand on the ground and the price picture.

Rao said, “The underlying demand is still intact. What is really happening in the last one, one and a half months is destocking in the market. Globally, steel prices got corrected. So everybody is expecting some price correction will happen in the future so they have stopped buying. So it is only a matter of time, I think the demand comes back.”

Steel prices have been fluctuating in the international markets. In October, there were some price increases but thereafter there was a correction in the global markets.

Roa said he does not expect steel prices to fall further.

“I don’t expect the steel prices to fall already the Chinese companies are reporting very, very marginal profit, marginal EBITDA in their companies at this current prices. So I don’t expect a further downside to the steel prices as long as the raw metal prices are at these levels.”

Coal power’s sharp rebound is taking it to a new record in 2021, threatening net zero goals | Hellenic Shipping News Worldwide

The amount of electricity generated worldwide from coal is surging towards a new annual record in 2021, undermining efforts to reduce greenhouse gas emissions and potentially putting global coal demand on course for an all-time high next year, the International Energy Agency said in its latest annual market report.

Overall coal demand worldwide – including uses beyond power generation, such as cement and steel production – is forecast to grow by 6% in 2021. That increase will not take it above the record levels it reached in 2013 and 2014. But, depending on weather patterns and economic growth, overall coal demand could reach new all-time highs as soon as 2022 and remain at that level for the following two years, underscoring the need for fast and strong policy action.

In China, where more than half of global coal-fired electricity generation takes place, coal power is expected to grow by 9% in 2021 despite a deceleration at the end of the year. In India, it is forecast to grow by 12%. This would set new all-time highs in both countries, even as they roll out impressive amounts of solar and wind capacity. While coal power generation is set to increase by almost 20% this year in the United States and the European Union, that is not enough to take it above 2019 levels. Coal use in those two markets is expected to go back into decline next year amid slow electricity demand growth and rapid expansion of renewable power.

Jedan zanimljiv clanak, nije lako odustat od ugljena i lako ga zaminit s necim drugim, s druge strane ako izvozis ugljen kao australija neces se tek tako ni odreci profita. Lako je EU govorit drugima sta da rade niti smo industrijska zemlja ovisno o tolikoj kolicini energije iako sad placemo za cijenama plina tj tek cemo pocet kada cijene se prenesu niti smo proizvodjaci rude da od toga zivimo u tolikoj mjeri, niti nam je standard los kao recimo dobrim dijelom azije pa da ne zudimo za kvalitetnijim uvjetima zivota koji dobrim dijelom se odnose i na koristenje energije.

As COP26 targets coal, Asia builds hundreds of power plants to burn it

Coal use is one of the many issues dividing industrialised and developing countries as they seek to tackle climate change.

www.business-standard.com

As COP26 targets coal, Asia builds hundreds of power plants to burn it

On the coastline near India's southern tip, workers toil on a pier carrying a conveyor belt that cuts a mile into the Indian Ocean where the azure waters are deep enough for ships to berth and unload huge cargoes of coal.

The belt will carry millions of tonnes of coal each year to a giant power plant several kilometres inland that will burn the fuel for at least 30 years to generate power for the more than 70 million people that live in India's Tamil Nadu state.

The Udangudi plant is one of nearly 200 coal-fired power stations under construction in Asia, including 95 in China, 28 in India and 23 in Indonesia, according to data from U.S. nonprofit Global Energy Monitor (GEM).

Anil Swarup, a former Coal Secretary, took the same line in an interview. "Renewable energy expansion is critical, but coal will remain India's main energy source for the next 15 years at least, and production needs to be ramped up to address our energy needs," he said.

CHINA CRUNCH

Across India, 281 coal plants are operating and beyond the 28 being built another 23 are in pre-construction phases, GEM data show.

These numbers are dwarfed by China, the top global coal miner, consumer and emitter, whose leader, President Xi Jinping, is not expected to attend COP26. More than 1,000 coal plants are in operation, almost 240 planned or already under construction.

AFTERLIFE

Even in economies committed to slashing emissions, coal's grip remains strong.

Japan, with its nuclear power industry in crisis since the Fukushima disaster, has turned to coal to fill the gap and is building seven large new coal-fired power stations.

Leading generator JERA plans to add clean-burning ammonia to be used with coal to help meet its target to be carbon neutral by 2050, and potentially keep old units operating longer.

Australian Prime Minister Scott Morrison is set to attend the Glasgow talks. But resources minister Keith Pitt has said there would be demand for coal for decades and made it clear the country would not be swayed by pressure from banks, regulators and investors to hobble the industry.

Malo cu se nadovezat na raspravu nadam se ne i uvuc

Cinjenica je da je ugljen jedan od najvecih zagadjivaca i da je cilj smanjit ovisnost o njemu i da to nije upitno da na duzi rok ce se znacajno smanjit samo pitanje je koliko je rok koji su oni zacrtali realan, ja mislim da nije kao i uvijek do sada, a sta se tice ulaganja u drybulk to produzenje tog vremena za nekoliko godine moze utjecat jako na njegovu investibilnost. Dovoljno je pogledat sve predhodna predvidjanja pogotovo sta se tice ekologije i svi padaju u vodu pogotovo sta se tice obecanja celnika o poduzimanju koraka, puno lakse je gledat taj razvoj i obecanja celnika zapadnih zemalja koji su svoju industrijsku revluciju presli davno i nalaze se u drugacijoj poziciji nego zemlje koji su tek u tom industrijskom razvoju tipa indije i kine kojima je udio proizvodnje indrustrije jos uvijek u rastu i kojima jeftini izvor energije jako bitan i koji ne mogu tek lako taj izvor i zaminit s drugim, kao i kad je rijec o bilo kojoj drugoj siromasnoj zemlji, svijet bi morao ponudit novac besplatno svim tim siromasnim zemljama da ne idu putem jeftinijeg energenta kojeg je cak i kina do nedavno podupirala u drugim zemljama unatoc svemu sta se znalo o emisijama, sta se tice opet ugljena u prvom redu su tu bitne indija i kina i one su tu najbitnije za za bilo kakvu potraznju za ugljenom, nedavno je bio bas i COP26 u kojem su se obje najavile net zero do 2060 tj 2070 godine mislim sta je poprilicno daleki vremenski rok i sve bi to bilo ok da im je vjerovat, a i pitanje je zamjene, ne mogu svi preci i na plin i onda opet tu dolazimo do cijene plina jer ako svi predju na plin raste i cijena i to svima remeti racunicu, isto ne mogu svi preci i na 100% obnovljive, tako da mislim da ce opet neka kompinacija biti u konacnici. Sta se tice ugljena koliko znam postoje i sistemi za hvatanje CO2, moguce da dio bude tako naknadno izveden kao odrziv mix tehnologija je tu u konacni bitna .

Sta se tice kine ona kaze da je smanjila udio u energiji ali potrosnja je stalno rasla i sad kina je na pragu da smanji svoj industrijski otisak ali to nekad ne ide tako brzo i lako, s druge strane indija se tek zagrijava sta se tice ekonomskog napredka, a radi se o zemlji s populacijom kao i kina, ne znam mislim da to nece ici tako brzo ni jednostavno kod ove dvi zemlje iako kina ako nesto odluci oni to mogu i napravit, samo je pitanje politicke volje koja je do sada izostajala.

China targets 1.8% cut in average coal use at power plants by 2025

China flagged on Wednesday it is targeting a 1.8% reduction in average coal use for electricity generation at power plants over the next five years, in a bid…

www.reuters.com

BEIJING, Nov 3 (Reuters) - China flagged on Wednesday it is targeting a 1.8% reduction in average coal use for electricity generation at power plants over the next five years, in a bid to lower greenhouse gas emissions.

The target, announced by China's economic planner, the National Development and Reform Commission (NDRC), comes as the world's top climate negotiators have gathered in Scotland for the COP26 climate talks. Average coal use for electricity generation in China fell by about 17.4% in the 15 years till 2020.

By 2025, coal-fired power plants in China must adjust their consumption rate to an average of 300 grams of standard coal per kilowatt-hour (kWh), NDRC said on Wednesday. That compares to 305.5 grams per kWh in 2020.

"Further promoting the energy saving and consumption reduction at coal-fired power units is an effective means to improve energy efficiency and is of great significance for achieving carbon emission peak in the power industry," the NDRC said.

China, the world's biggest source of climate-warming greenhouse gases, has vowed to bring its carbon emissions to a peak before 2030 and to achieve carbon neutrality by 2060.

Carbon dioxide (CO2) emissions from the power generation and heating sectors account for more than 40% of total CO2 emissions in China.

Average coal use for power generation in China is down now compared with 370 grams per kWh in 2005.

"The reduction of coal use helped to cut 6.67 billion tonnes of CO2 emissions from the power sector in 2006-2020, or 36% of total emission reductions in the industry," NDRC said.

Vidjet cemo koliko su ozbiljni kinezi s ovim ovogodisnjim planom da li i dalje ide ili ce ga stopirat ?

China Is Planning 43 New Coal-Fired Power Plants. Can It Still Keep Its Promises to Cut Emissions?

China built three times more new coal power capacity as all other countries in the world combined in 2020.

time.com

China Is Planning to Build 43 New Coal-Fired Power Plants. Can It Still Keep Its Promises to Cut Emissions?

Kina prvo na ovoj tablici dole mora par godina pokazat da se emisije ne dizu da bi se dogodio prekoret, a indija bi s obzirom na nizu bazu stanja ekonomskog razvoja mogla bit kljuc u kojem smjeru ce bit sljedece desetljece.

Analysis: China’s carbon emissions grow at fastest rate for more than a decade - Carbon Brief

China’s CO2 emissions have grown at their fastest pace in more than a decade, increasing by 15% year-on-year in the first quarter of 2021.

www.carbonbrief.org

Kako je to izgedalo 2007 iz clanka da li ovaj put im je za vjerovat ili ne ?

"

In 2007, major steel industry groups announced they were going to deliver a 100MtCO2 emission reduction through steel recycling and other measures. What actually happened is that steel output and CO2 emissions grew three-fold in the following decade, due to post-financial crisis stimulus."

"

Pa gledao sam sta si poslala nisam gledao nista drugo, sama si ucrtala taj range i brakeout i retest i to je ono sta sam vidio na prvoj slici

Quote from zlocesti

Pangea.

Teško je tu dati savjet. Stvari su već poodmaklo odmakle nizbrdo. Bilo bi lijepo da i drugi grafoljupci bace pogled i daju verdict

Ja bih se, priznajem, evakuirala. Na 2,95 je bio velik volumen, ova sadašnja cijena nije tako hot.

Mislim da je ovdje prošla baba sa kolačima, i tko god misli akumulirati papir za reprizu cijediti će ga na nižim razinama.

Pomolila bih se Bogu od burze za 4 dolara, i izletila

Papir daje dividendu oko 3%, preživio je dugi niz godina, sve nice, al' u downtrendu je

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Meni bas i nije jasno to tvoje tehnicko gledanje te slike koji govori o down trendu barem koliko ja to razumin, jasno si ucrtala visegodisnji range, nakon toga klasicni breakout rengea na velikom volumenu i sada s retestom te iste linije rengea, koliko ja znam tu tehniku to sve jos govori o up trendu koji je jos uvijek u fazi retesta bitne linije podrske, valjda bi tek breakout nize ispod linije otpora se moglo govoriti da je ovaj breakout prema gore bio fake da se vec sada moze govorit tehnicki o down trendu, nek me netko ispravi ako grijesim.

Quote from StatusQuo

Quote from tin

Pa eto slika govori sve...ne znam što drugo reći...ako su potpisali nešto uQ3 na 6 mjeseci prosjek bi mogao biti i znatno viši....

A spot rate, also called a spot quote, is a one-time fee that a shipper pays to move a load (or shipment) at current market pricing. Spot rates are a form of short-term, transactional freight pricing that reflect the real-time balance of carrier supply and shipper demand in the market.

Slika govori, a znanje ne govori.

Kakva je troskovna strana broda na spotu ?

Pitao sam za troskovnu stranu spot najma iz razloga da malo sam razmislis o toj teoriji, jer kad tu informaciju ukljucis onda ces valjda bolje uspit i progledat.

Quote from tin

Quote from StatusQuo

Ne ostali su na kratkorocnom najmu tj periodu kao sta su uvijek i bili, spot je iznimka.

Pa eto slika govori sve...ne znam što drugo reći...ako su potpisali nešto uQ3 na 6 mjeseci prosjek bi mogao biti i znatno viši....

A spot rate, also called a spot quote, is a one-time fee that a shipper pays to move a load (or shipment) at current market pricing. Spot rates are a form of short-term, transactional freight pricing that reflect the real-time balance of carrier supply and shipper demand in the market.

Slika govori, a znanje ne govori.

Kakva je troskovna strana broda na spotu ?

Quote from tin

Quote from StatusQuo

Pa sta je to bitno koliki ce prosjek vozarina bit za handy i supre za 1Q da bi prema tome racunao zaradu kad im ti brodovi ne voze na spot ili index osim mozda jednog broda

Koliko ja znam na TC su 5 panamaxa i jedna supra...ostali su na spotu.

The content cannot be displayed because you do not have authorisation to view this content.

Ne ostali su na kratkorocnom najmu tj periodu kao sta su uvijek i bili, spot je iznimka.

Quote from tin

Ako pogledamo trenutne futurese za supre i handy za Q1 2022 kreću se oko 22 000 usd ...ako bi ostalo tako to bi značilo da bi prosjek za Q1 bio oko 16 500 usd dan.....sa 14 120 usd su ostvarili preko 33 mil.kn.dobiti u Q2 2021...pa sad neka svatko za sebe izračuna koliko bi trebala biti neto dobit u Q1 2022 i koliko bi moglo biti povećanje dobiti u odnosu na Q1 2021...Q1 2021 je imao dobit od 12 mil.kn.

Pa sta je to bitno koliki ce prosjek vozarina bit za handy i supre za 1Q da bi prema tome racunao zaradu u 1Q kad im ti brodovi ne voze na spot ili index osim mozda jednog broda, bitnije je u tom smislu kretanje vozarine u ovih sadasnjih pola godine za sljedeci 1Q dobiti.

Quote from jasko

Dubrovački gradonačelnik Mato Franković i direktor Luke Dubrovnik Željko Raguž danas su novinarima otkrili poslovne planove za tu tvrtku koja je u većinskom vlasništvu Grada Dubrovnika. Naime, Nadzorni odbor dao je suglasnost tvrtki za stjecanje vlastitih dionica, a kupljene su i dionice Atlantske plovidbe......... https://dubrovacki.slobodnadalmacija.hr/dubrovnik/zupa…-raguse-1151773

Valjda su nesto i zaradili na tome ili ako nisu valjda su neku pogodnost drugu ispregovarali za svoju korist ukoliko im je bila potrebna od strane grada. U svakom slucaju bolje da se ne razbaciju na 10 projekata sa strane koji su na dugackom stapu nego da ojacaju core business.

"

Društvo ukupno ima 1.742 dionice Luke Dubrovnik odnosno 11,74% temeljnog kapitala tog društva vrednovanog po fer vrijednosti. Fer vrijednost spomenutih dionica Luke Dubrovnik d.d. iznosi 6.222 tisuća kuna (2019.: 6.222 tisuća kuna) što Izvršni direktori smatraju fer vrijednosti

dionice, jer se radi o zadnjim protrgovanim transakcijama.

"

In a survey conducted by the Chamber, about 95% contractors said they are experiencing at least one product shortage in the fourth quarter, with steel representing the most-reported product shortage by 27% of respondents, according to a statement.

Nearly half of the contractors pegged the steel supply and pricing problems on the US' Section 232 steel and aluminum tariffs. About 47% of respondents said the tariffs will have a high to very-high degree of impact on their business over the next three years.

The US is set to replace the tariffs on the EU with a tariff-rate quota system in January. Additionally, the government is now in talks with the UK, Japan and South Korea to negotiate similar adjustments to the tariffs.

China's steel output rebounded on a monthly basis for the first time in seven months in November, and this upward trend is likely to continue in December and beyond as steelmakers ramp up after completing 2021 output cut requirements in November and see an improvement in margins.

Expectations of additional monetary easing and supportive policies in the property and infrastructure sectors in 2022 were boosting sentiment for steel demand, and these would help offset the rise in supply, industry sources said.

China is expected to continue to cap its steel production in 2022 within 2021 levels as it aims to achieve its carbon goals.But steelmakers, who completed their mandatory output cut requirements for 2021 by the end of November would try to boost their production in December, so that there will be more output quotas for 2022, some market sources said.

China's crude steel output in the first quarter of 2022 may remain close to but would not exceed the level of 3.01 million mt/day seen in Q1 2021, sources said, adding that Q1 2022 output would be still much higher than November's level.

Some sources said the key problem behind the slowdown in construction in both the property and infrastructure sectors was lack of financing or funding. China tightened liquidity for the two sectors for most of 2021 in a bid to address debt risks. However, in order to ensure steady economic growth for 2022, China in December started loosening its monetary policy, eased financing restrictions in the property sector and accelerated fiscal spending.

More of such proactive policies are expected to be introduced in 2022, aimed at cushioning the slowdown in property investment, while at the same time, boosting infrastructure investment to stabilize economic growth, market participants said.

Although all these stimulus policies can only reach the property and infrastructure sectors by the end of Q1 or even Q2 2022, some sources said the steel market outlook has improved due to anticipation of further monetary policy easing next year.

China's recent pledge to make stabilizing economic growth its top priority in 2022 and reserve ratio cuts are leading to signals of further monetary policy easing in 2022, with policies on both steel demand and supply side expected to be eased in a bid to support stable economic growth next year, market participants and industry watchers told S&P Global Platts.

China's top decision-making body the Politburo in a Dec. 6 meeting came out in support of economic growth through more proactive fiscal and monetary policies.

On the same day, China's central bank announced lowering banks' reserve requirement ratio by 0.5 percentage points, and on Dec. 7 cut interest rates on relending to rural and small local banks by 0.25 percentage points.