1. 全球比較大的鐵礦石生產商巴西淡水河谷于里約熱內盧時間19日公布了2017年第三季度產量報告，報告顯示鐵礦石產量達到9510噸(包括從第三方采購量)，創下單季產量新紀錄，環比增加330萬噸，這主要得益于北部系統運營業績的提升和S11D項目的達產。淡水河谷稱，得益于S11D項目的達產和按計劃推進，包括卡拉加斯、塞哈萊斯奇和S11D礦區在內的北部系統本季度產量達到4500萬噸，創下單季產量新紀錄，環比和同比分別增長了8.5%和16.4%。

1. Vale of Brazil, the world's largest iron ore producer, released its output report for the third quarter of 2017 on 19 Rio de Janeiro time. The report showed that iron ore production reached 9510 tons (including purchases from third parties), setting a new single-quarter production record, increasing by 3.3 million tons annually, mainly due to the improvement of northern system operation performance and the production of the 111D project. Vale said that thanks to the production of the S111D project and its planned progress, the northern system, including the Caracas, Sehaleschi and S11D mining areas, produced 45 million tons in the current quarter, setting a new single-quarter production record, with an annualized increase of 8.5% and 16.4% compared with the same period, respectively.

2. 南非Merafe資源有限公司10月13日發布的產量報告顯示，2017年前三季合資公司Glencore-Merafe可歸于Merafe的鉻鐵產量為28.6萬噸（按所持20.5%的股權計），略微高于上年同期的28.5萬噸。分季度看，前三季的鉻鐵產量呈逐季下滑走勢：從靠前季的11.3萬噸到第二季的10.3萬噸，再降至第三季的7萬噸。第三季的產量同環比分別下降了約21.35%和32.04%。

2. According to the production report released by Merafe Resources Co., Ltd. of South Africa on October 13, Glencore-Merafe, a joint venture, can be attributed to Merafe's ferrochrome production of 286,000 tons in the first three quarters of 2017 (based on its 20.5% stake), slightly higher than 285,000 tons in the same period of last year. Quarterly, the first three quarters of ferrochrome production showed a downward trend: from 113,000 tons in the first quarter to 103,000 tons in the second quarter, and then to 70,000 tons in the third quarter. Yield in the third quarter decreased by about 21.35% and 32.04% respectively.

3. 網訊，甘肅酒鋼集團榆中鋼鐵高爐今日點火，高爐容積3200立方米，預計明天出鐵水，日產7000-8000噸鐵水，11月預計產21萬噸。同時兩條軋線升級新系統。此高爐復產后可配兩條軋線，盤螺，線材、螺紋均可生產。前期僅一條軋線生產，此高爐開后停產。酒鋼榆中資源主要發往蘭州。酒鋼榆中鋼鐵復產準備充分，9月初1號焦爐復產準備，10月份正常生產。鐵礦石則7月份有外采。

3. Net News, Gansu Jiuquan Steel Group Yuzhong Iron and Steel Blast Furnace ignited today, the volume of the blast furnace 3200 cubic meters, is expected to produce hot metal tomorrow, 7000-8000 tons of hot metal per day, in November is expected to produce 210,000 tons. At the same time, two rolling lines upgrade the new system. The blast furnace can be equipped with two rolling lines, coils, wires and threads after re-production. In the early stage, only one rolling line was produced, and the blast furnace was shut down after operation. Jiugang Yuzhong resources are mainly sent to Lanzhou. Yuzhong Iron and Steel Co. of Jiuquan Iron and Steel Co. is well prepared for resumption of production. Coke oven No. 1 is ready for resumption of production in early September and normal production in October. Iron ore was mined out in July.

4. 9月份，韓國的不銹鋼熱軋卷板出口增加了10.8%，達到70384噸，為45個月以來的比較高值。9月份，韓國不銹鋼熱軋卷板出口的主要目的地是亞洲地區。其中，出口到中國大陸的熱軋卷板達到19262噸，比8月份增長了44.7%，而對中國臺灣的出口總量達到5124噸，比前一個月增長706%。

4. In September, South Korea's exports of stainless steel hot-rolled coils increased by 10.8%, reaching 70,384 tons, the highest level in 45 months. In September, the main export destination of South Korea's stainless steel hot-rolled coils was Asia. Among them, 19 262 tons of hot rolled coils were exported to the mainland of China, an increase of 44.7% over August, while the total exports to Taiwan, China, reached 5 124 tons, an increase of 706% over the previous month.

5. 據巴西鋼鐵協會(IABr)統計，前9個月，該國粗鋼產量為2550萬噸，同比增長9.1%。同期，巴西國內粗鋼銷售量為1260萬噸，與上年同期持平。粗鋼出口量為1100萬噸，出口額為56.1億美元，同比分別增長9.3%和36.0%。鋼板生產商培森冶金公司(Companhia Siderurgica do Pecem)CSP6月份投產，是巴西出口增長的因素。前9個月進口量為183萬噸，同比增長56.8%。由于1季度同比增長73.1%，5月初，巴西鋼鐵協會曾對進口快速增長表示擔心。巴西前三季度國內鋼鐵視消費量為1440萬噸，同比增長5%。

5. According to the statistics of the Brazilian Iron and Steel Association (IABr), crude steel production in the country was 25.5 million tons in the first nine months, an increase of 9.1% over the same period last year. During the same period, Brazil's domestic crude steel sales were 12.6 million tons, the same as the same period last year. The export volume of crude steel is 11 million tons and 5.61 billion US dollars, up by 9.3% and 36.0% respectively. The launch of CSP by Companhia Siderurgica do Pecem in June was a factor in Brazil's export growth. Imports in the first nine months amounted to 1.83 million tons, an increase of 56.8% over the same period last year. In early May, the Brazilian Iron and Steel Association expressed concern about the rapid growth of imports, due to a 73.1% year-on-year growth in the first quarter. Brazil's domestic steel consumption in the first three quarters was 14.4 million tons, up 5% year-on-year.

6. 據日本不銹鋼協會近日發布的統計數據顯示，2017年7月份，日本熱軋不銹鋼產量為215,600噸，同比下降約9.0%，環比增長約3.4%。其中，不銹鋼棒型材16,411噸，同環比分別下降約8.5%和10.9%；不銹鋼線材20,187噸，同環比分別下降約9.1%和2.5%；不銹鋼管材21,656噸，同環比分別增長約11.8%和7.1%；不銹鋼板材157,346噸，同比下降約11.4%，環比增長約5.4%。

6. According to statistics released recently by the Japan Stainless Steel Association, in July 2017, the production of hot-rolled stainless steel in Japan was 215,600 tons, down by about 9.0% year-on-year and up by about 3.4% year-on-year. Among them, 16,411 tons of stainless steel bar profiles, the same ring ratio decreased by 8.5% and 10.9%, 20,187 tons of stainless steel wire, the same ring ratio decreased by 9.1% and 2.5%, 21,656 tons of stainless steel pipe, the same ring ratio increased by 11.8% and 7.1%, 157,346 tons of stainless steel plate, decreased by 11.4% and increased by 5.4%.

國內

domestic

1. 【證券時報：一年打開一萬億市場 現金貸規模暴增大起底】今年以來，金融機構穩步去杠桿，居民消費疾速加杠桿?，F金貸在不足一年的時間內從6000億發展到1萬億，大有當年P2P行業野蠻生長的姿態。雖然關于現金貸的真實借款利率以及利率計算口徑，行業沒有給出同一標準，但現金貸利率奇高無可指責。“以貸養貸”、銀行購買消費貸證券產品，又變相為這些公司提供資金。現金貸起源于國外Payday loan已在我國加劇異化。

1. Since this year, financial institutions have steadily deleveraged and household consumption has increased rapidly. Cash lending has grown from 600 billion to 1 trillion yuan in less than a year, much as the brutal growth of the P2P industry in that year. Although the industry does not give the same standard for the real borrowing interest rate and the calculation of interest rate of cash loans, there is no blame for the extremely high interest rate of cash loans. "Loan lending" and the purchase of consumer loan securities by banks provide funds for these companies in a disguised way. Cash loan originated from Payday loan abroad has intensified its alienation in China.

2. 中金公司：特斯拉中國建廠談判有望近期完成并公布，可能的公布時間點包括公司11月1日的3季報，或者11月初美國總統特朗普訪華。

2. CICC: Tesla's China plant negotiations are expected to be completed and announced in the near future. Possible announcement dates include the company's quarterly report on November 1, or the visit of US President Trump to China in early November.

3. 【央行、銀監會等部門密集調研，就金融開放征求意見】從外資機構處獲悉，不久前包括央行、銀監會等部門都在密集調研，就金融開放征求意見。此前，銀監會主席郭樹清表示，“銀監會將繼續加大對外開放，在設立形式、股東資質、持股比例、業務范圍等方面給予外資銀行更大空間?！?/p>

3. [The central bank, the CBRC and other departments conduct intensive research and seek opinions on financial openness] We have learned from foreign-funded institutions that recently, the central bank, the CBRC and other departments are conducting intensive research and seeking opinions on financial openness. Earlier, Guo Shuqing, chairman of the CBRC, said, "The CBRC will continue to open wider to the outside world and give more space to foreign banks in the form of establishment, shareholder qualification, shareholding ratio and business scope."

4. 【經參：PPP門檻進一步降低 各地新一輪促進PPP政策集中發布】發改委日前發布通知，鼓勵各地政府、金融機構、企業等創新合作機制和投融資模式，利用政府PPP等方式，加快投資建設天然氣儲氣調峰設施。隨著下半年推進民間投資和PPP模式工作的加強，各地新一輪促進PPP政策集中發布，PPP模式門檻進一步降低。發改委將把進一步推進固定資產投資作為今年下半年的工作重點，通過推進PPP項目發展、落實民間投資支持政策、優化投資環境等方式推進民間投資的發展。

4. The Development and Reform Commission has issued a circular to encourage local governments, financial institutions and enterprises to innovate cooperation mechanisms and investment and financing modes, and to speed up the investment and construction of natural gas storage and peak shaving facilities by means of government PPP. With the strengthening of private investment and PPP mode in the second half of the year, a new round of policies to promote PPP have been issued centrally, and the threshold of PPP mode has been further lowered. The NDRC will focus on further promoting fixed assets investment in the second half of this year, and promote the development of private investment by promoting the development of PPP projects, implementing support policies for private investment and optimizing the investment environment.

5. 【銀行房貸今年或量縮價升】銀行房貸業務持續收緊的狀態仍在持續。北京多個銀行首套房房貸利率已經回歸至基準利率的水平，甚至有個別銀行的首套房利率已經執行基準利率的1.1倍，二套房利率也全

5. [Banking mortgage prices will shrink this year or increase in overall volume]. Banking mortgage business continues to tighten. Many banks in Beijing have returned to the benchmark interest rate for first-home loans. Even some banks have implemented the benchmark interest rate for first-home loans at 1.1 times, and the second-home interest rate is complete.