February 20th, 2010

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World steel production in 2009 declined by 8%, to 1.22 billion tons

Saturday, February 20th, 2010

World steel production (take into account 66 countries) in 2009 decreased by 8% compared to 2008, up 1.22 billion tons, reported the World Association began (WSA).

smelting fell in all major countries and regions, producing steel, including the EU, North America, South America and the CIS. In Asia - particularly in China, India and the Middle East - steel production rose in 2009.

In December 2009 the steel production in 66 countries were at 106.4 million tons, a 30,2% higher than in December 2008. This figure rises a fourth month in a row in the annual comparison, after the fall from September 2008.

Steel production in China reached 567.8 million tons (an increase of 13,5% by 2008), which corresponds to 47% of total world production of steel (an increase of 9 percentage points by 2008). Click to continue »

The RF Government approved a plan to move the territorial network of companies to a new system of tariff regulation - RAB

Saturday, February 20th, 2010

TogliattiAzot not interested in a complete shutdown of production and is ready to buy gas from Gazprom at rates set by the FTS. Earlier, media reported about the possibility of stopping the company because of rising gas prices. Tariff FST company buys gas from Mezhregiongaz in the amount of 220 million cubic meters. m per month, which is 2 /3 needs of companies in the gas. The remaining TogliattiAzot buys from Samararegiongaza at prices significantly higher than rates of FTS. "Since TogliattiAzot continues to receive gas from Mezhregiongaz in specified amounts, we do not expect a complete stop production. If the company manages to increase the supply tariffs for the FTS, it will enable the company to save on purchases of gas, which has a positive impact on the profitability of production of ammonia, nitrogen fertilizers and methanol "- analyst forecasts Finam Timur Khamitov.

Sibir Airlines has summed up some of the results of 2009. According to preliminary data, in 2009, Group S7, which includes Siberia, carrying out regular air, and the company Globus, occupying charter services, carried 5,5-5,6 million passengers. According to the CEO, the services of Globus used 1.06 million passengers. As a result, Sibir carried in 2009 about 4,5 million passengers. "A significant reduction in passenger airline Sibir - almost 24% in 2009 - due to the overall downturn in the airline market, as well as the partial transfer of business charter for the company Globus. By our estimates, cost-effective translation of business service providers air charter services to another company may have a negative impact on the minority shareholders of Siberia ", - the analyst of investment company" Finam "Konstantin Romanov.

The RF Government approved a plan to move the territorial network of companies, including subsidiaries IDC, a new system of tariff regulation - RAB. Part of networking companies, according to the schedule, can go to the RAB during 2010, the transition to a new method of tariff regulation should be completed on Jan. 1, 2011. "We believe that approval of plans for the transfer of network companies in the tariff setting of RAB method increases the likelihood of realization of these plans and can have a positive impact on stock quotes IDC. First of all, the decision positively for the shares of IDC Center, IDC South and Volga IDC, as These companies are from July 1, 2010 will be transferred entirely to the RAB. At the same time, we believe that investors will wait for publication of parameters for the transition to RAB, key among which is the value of the initial invested capital base of each network company ", - commented Denis Kruglov out" FINAMa.

Ratings Services SP gave a rating of "BBB-" to the planned issuance of senior unsecured bonds TNK-BP Finance SA Bonds are issued by TNK-BP Finance SA guaranteed by TNK-BP International Ltd. Rating planned release is fully consistent with ratings already in circulation issue Eurobonds TNK-BP. "Despite the" damage "in recent days, Russia"s financial situation on the market, we believe that TNK-BP has a very good chance to stay successful. Yield are in circulation issues of Eurobonds TNK-BP is in the range of 4,08-7,38% per annum (2011-2018 gg., respectively). When placing a significant premium on the return to the market we do not expect. If one assumes that the maturity will be about 5 years, the yield to maturity of new issuance could reach 6,5-7% per annum, - wrote in his daily analyst of "Finam" Dmitry Terekhov.

Polyus Gold released operating results for the year 2009, which was the transition for the company in terms of changes in production technology at the Olympics and the development of new facilities. These changes have led to a significant increase in production of valuable species and reduce the stripping ratio at 75%. Processing of ore increased by 24%, but due to fall in the metal content in the processed rock and reducing the coefficient of extraction of metal gold production increased by only 0,7% (excluding the consolidation of the results KazakhGold), up to 1,231 thousand ounces. "We characterize the published data as neutral: according to our preliminary estimated financial results for the company"s revenue and EBITDA in 2009 will show growth in line with the overall dynamics of the average price of gold. As in the case of Polymetal, we expect more substantial growth in production at enterprises Pole Gold since 2010, when at full capacity, the project will Titimukhta and will start production on fertile. Increased production is also expected to field Kuranakh, which were increased processing capacity, "- notes the analyst of Finam Alex Sulin.


More information on these and other analysts" comments Finam you can refer to the section "Investments"

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Poroshenko underlines the need to increase the level of trade turnover between Ukraine and Russia

Saturday, February 20th, 2010

Minister of Foreign Affairs of Ukraine Petro Poroshenko underlines the need to increase the level of trade turnover between Ukraine and Russia. This AP Poroshenko told reporters after handing him the new ambassador of Russia in Ukraine Mikhail Zurabov copies of his credentials.

"We have a big chore, which should make our trade and economic cooperation came out, at least at the level of 2008, when our mutual trade turnover amounted to more than 40 billion dollars", - "P. Poroshenko.

According to him, today, in crisis conditions, the level of trade has declined significantly, and its increase is a task for both countries.

He also believes that after the election of the President of Ukraine actively starts working Ukraine-Russia Interstate Commission on the presidential level. Click to continue »

Fuel and Energy Ministry initiates the consolidation of responsibility for poor-quality electricity power companies

Saturday, February 20th, 2010

Fuel and Energy Ministry of Ukraine initiates the consolidation of responsibility for energy companies for the provision of substandard services to electricity. This today at a meeting on issues of reliable electricity Zhitomir region, said Minister of Fuel and Energy Yuriy Prodan.

According to him, in particular, the Ministry together with the National Electricity Regulatory Commission (NERC) has prepared a bill, as well as changes in the rules of provision of electricity, which will provide for an increase in the amount of compensation to consumers for poor-quality electricity supply termination power, or unfounded.

"We"ll work with NERC to increase the responsibility of power companies at the legislative level to power companies responded to consumers ... Money for lost electricity should be returned to the people", - said Yuri Prodan. Click to continue »

This week will be decisive for the stock market, Brent crude could still rise above the level of $ 74.5 per barrel

Saturday, February 20th, 2010

Morning on the equity market, we met in complete confusion. But rejuvenated after a moment"s confusion quotes quickly led us into feelings. Despite the fact that the movement of our quotation and the price of oil has just fit into the framework of a technical rebound, we have decided to retain all its aggressive and medium-term "long" positions.

This week, in our view will be defining. It must survive with dignity, and steadfastly. London Brent can still find the strength to return to t1000he September uptrend and rise above the level of 74.5 dollars per barrel and the euro seize the initiative from the dollar, breaking its downtrend line at 1,43 /1,44 Usd /Eur.

searching through our portfolio, which is Gazprom shares purchased as kratkosrok and medium term, the paper FSK UES, the shares of Polyus Gold, "rally RusHydro, paper" WGC-3 " and action "NLMK", the positions for which we plan to dilute in the support of 89 rubles, we concluded that we have for the full set of "Noah"s Ark" is not enough market banking sector.

reviewing charts of popular securities of the banking sector, we can immediately weed out the common shares of Sberbank. Too high probability that after the paper failed to cope with the resistances 92 and 90 rubles (upper line uplink from February and July 2009), they can go down to the area of 80 rubles (on line July uptrend, 2009).

Preferred Paper "Savings Bank" more interesting to look for buying until they are above the level of 69.4 rubles (the projection of the ascending channel top of the March, from the point of breakdown in November 2009). But messing with the shaky support would probably be interesting only to a very aggressive speculators. After all, as soon as the quotes are below it, a hypothetical technical objective is to reduce the level of 65,2 /65 rubles (bottom in December 2009, which is a daily chart of the issuer may well be the bottom between two peaks trend reversal patterns "double top"). Note that the pre-crisis level of 65 rubles more than once saved the quotation of preferred shares of the Savings Bank "from the fall, so that now even the medium-term investors need to monitor its immunity.

For dessert, we left the shares of VTB. These actions seem to us the most attractive for purchase, both for those looking for quick gains and for those who want to buy a paper and forget about them for some time. Ideal for speculators would buy the paper at the support line rising trend of July 2009 in the 0,688 /0,069 rubles. But do not know how this is possible in the coming days, because the paper in a weak market encroach on the rising channel resistance line from March 2009 0,0718-0,0720 ruble. If they manage to rise above those abroad, they will be back to the global line Fibonacci 38.2% of the quotations down the bank from the first day of trading in the stock market in March 2009 - 0.0785 /0.0786 ruble.

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Analytics - the outcome of the day

Energy, World Stock Market, Currency, Weather …

Saturday, February 20th, 2010

Today in the results:

  • Energy and energy

    value of "black gold" demonstrates the positive dynamics, while remaining in the one-month minimum.

    price of oil on Friday, January 22 once again fell on the background of the collapse of the U.S. stock market.

    Collection of Central Asian gas to Beijing is expected in the next three days.

    operator Nord Stream chosen suppliers of pipes.

    Frankfurter Allgemeine: "Gazprom"s monopoly extends to the west.

    Russia in 2009 to 25% increased uranium production ... read

  • world stock market

    Friday, 22 January, the U.S. stock market once again continued to dominate the Bears. The U.S. market has dropped to levels of the early Christmas week
    An important macroeconomic statistics have been issued, but the mood in world markets remained pessimistic: a third consecutive trading session closed the fall of Asian stock exchanges, more than ten days adjusted down oil prices, as traders in the United States once again disappointed with the published records of companies in 2009. At this time of high .

    stock trading in Europe closed down 22-second decrease in leading indexes against the background of new proposals by Obama to restrict the business of large U.S. banks. If these measures to regulate the financial sector will be adopted by the American Congress, the profits of financial institutions may decline.

    market shares in Japan on January 25 2010. closed reduction of a composite index Nikkei second consecutive session against the background of Barack Obama"s bank plan aimed at reducing systemic risks in the financial sector. Investors around the world warily embraced by the White House announced measures that threaten to significantly reduce the profit margins of U.S. banks.

    As a result of trades on January 22 the RTS index to closing the previous session, fell 40.83 points (2.67%) and amounted to 1,489.46 points.
    The turnover of trading on the stock market amounted RTS Standard 13953.597 million rubles., Which is 80% above the average for the last month.

    Friday trading on Russia"s stock market ended lower indices.
    At the end of Friday trading on the MICEX index dropped 25.52 points (1.78%) to close the previous session and reached 1410.38. Bidding took place by active c above average. Click to continue »