2017 is the "Atmospheric 10" the first phase of the assessment year, the Beijing-Tianjin-Hebei atmospheric management efforts to upgrade. According to the official website of the Ministry of Environmental Protection on February 23, Vice Minister of Environmental Protection Zhao Yingmin said that in the cement, casting and other industries continue to implement the implementation of the peak on the basis of the production will further expand the scope of peak production, Shijiazhuang, Tangshan, Handan, Anyang and other cities Heating season iron and steel production capacity to 50%, Beijing-Tianjin-Hebei air pollution transmission channel "2 +26" city to achieve a negative growth in total coal consumption.

China Securities News reporter also learned that the "Beijing-Tianjin-Hebei and the surrounding area 2017 air pollution prevention and control work program" is expected to land, the program will be clear before the end of October before the coal-fired generating units did not meet the ultra-low emissions will be discontinued, and made steel, Alumina, pharmaceutical and other industries limited production cut production targets.

Six moves to haze

"Atmospheric ten" clear the 2017 years of work objectives, Beijing-Tianjin-Hebei PM2.5 concentration decreased by 25%, Beijing reached 60 micrograms / cubic meter. 2016 Beijing PM2.5 average concentration of 73 micrograms / cubic meter, governance haze task is still very grim.

Beijing and Tianjin and Hebei in January this year, a substantial decline in air quality, for the 2017 "Atmosphere 10" stage of the completion of the goal to increase the difficulty. Ministry of Environmental Protection previously informed, in January 2017, Beijing-Tianjin region 13 cities PM2.5 concentration of 128 micrograms / cubic meter, up 43.8%; Beijing PM2.5 concentration of 116 micrograms / cubic meter, up 70.6%.

Severe governance haze situation forcing the atmosphere governance policy upgrade. Zhao Yingmin said that this year, Beijing-Tianjin-Hebei region to heavy pollution in winter weather control as the focus, from the promotion of winter clean heating, strengthen the comprehensive management of industrial air pollution and other six areas to increase governance.

First of all, the transmission channel "2 + 26" city to complete the task to resolve the excess capacity of steel ahead of schedule, before the end of October to complete the illegal "scattered casual" enterprises to ban the work. Second, the overall promotion of winter clean heating, plans this year will be the transmission channel of the city as the northern region of the first batch of winter clean heating plan. Time to complete the small coal-fired boiler "clear" work, transmission channel city to achieve total negative growth in coal consumption. Third, to strengthen the comprehensive management of industrial air pollution, iron and steel, coal and other key industries to meet the special emission limit requirements, the first to complete the discharge permit work, and comprehensively promote the chemical industry, automobile manufacturing and other industries VOCs governance. Fourth, in the cement, casting and other industries continue to implement the full implementation of the peak peak on the basis of further expansion of the peak production range, Shijiazhuang, Tangshan, Handan, Anyang and other urban heating season limited production capacity of 50% iron, the implementation of electrolytic aluminum, chemical Production control.

At the same time, to further strengthen the traffic industry pollution control. Plans before the end of September this year, Tianjin Port is no longer accept the road transport of coal, from the source to reduce heavy diesel vehicle pollution emissions. Comprehensively strengthen the motor vehicle sewage monitoring capacity, in the main crossing to install remote sensing equipment, focusing on screening diesel trucks and high-emission vehicles.

The so-called transmission channel "2 + 26" city, refers to the Ministry of Environmental Protection confirmed Beijing-Tianjin-Hebei air pollution transmission channel within the "2 + 26" city, 2 refers to Beijing and Tianjin, 26 refers to Shijiazhuang, Tangshan, Taiyuan, Zhengzhou 26 cities.

Production Restricted Production Restricted Supply Side Reform

In order to achieve the goal of assessment of atmospheric governance, this year's policy to promote efforts will accelerate. "Beijing-Tianjin-Hebei and the surrounding areas in 2017 air pollution prevention and control work program" is currently seeking advice, its implementation and implementation of the intensity or exceeded expectations.

China Securities News reporter learned that the draft clearly made to resolve the excess capacity of steel and other capacity, Shijiazhuang, Tangshan, Handan, Anyang and other cities in the heating season iron production capacity of 50%. In the winter heating season electrolytic aluminum plant limited production of more than 30%, alumina business limited production of about 30%, limited by 50% of carbon enterprises. In addition to the protection of people's livelihood tasks, the pharmaceutical, pesticide companies in the winter heating season all stop production, cement, casting and other industries all the implementation of the implementation of peak heating production peak.

Benefit from the supply side reform, 2016 steel, coal prices rose rapidly. However, the second half of last year, with the iron and steel, electrolytic aluminum, building materials and other markets to pick up, winter Beijing-Tianjin-Hebei peripheral thermal power and steel, coke (1362, -12.00, -0.72%), flat glass (1323, -27.00 , -2.00%) and other major industrial products, respectively, over the previous year rose 10.9%, 6.6%, 5.8%, 16.1%.

TianFeng securities analysts believe that the air pollution control action program and supply side reform will be combined. In 2017 and the entire "thirteen five" period, environmental factors will be an important means to promote the supply side of the reform.

Some analysts pointed out that in accordance with the Shijiazhuang, Tangshan, Handan, Anyang and other cities steel production capacity of 50% target, the monthly Hebei, Henan total to reduce the supply of 700 million tons. According to the monthly output of 2016, close to 10% reduction. Once the plan is implemented, there is a large shortage of supply of steel (3411, -101.00, -2.88%) in Hebei, especially in Tangshan and Handan. Supply side reform, the current policy requirements 1-6 months to completely eliminate the steel. Steel market is about to enter the demand season, in these factors superimposed, the price of steel within a short period may have a larger increase.

In the non-ferrous metals, benefit from the limited production policy, electrolytic aluminum industry, especially the alumina industry will directly benefit. 2016 annual domestic alumina inventories fell from 6 million tons to about 300 million tons. It is estimated that if the implementation of the program, the impact of electrolytic aluminum production capacity of 1.6 million tons, 9 million tons of alumina production capacity.

In addition, the program on the chemical industry will have a significant impact on the supply side, viscose and glyphosate two sub-sectors will benefit.

Multiple areas are expected to benefit

A number of analysts pointed out that the Ministry of Environmental Protection atmospheric control initiatives to upgrade, will be non-electricity "ultra-low emissions", central heating and grid monitoring market opportunities. Industrial enterprises issued by the sewage licensing and upgrading of sewage, will expand the market space for emission reduction, especially for non-electric areas of key industries. In addition, the focus of the sewage unit to fully install the air pollution source automatic monitoring facilities, the full installation of vehicle emissions monitoring equipment, monitoring and monitoring system installation requirements will lead to environmental monitoring equipment and operation and maintenance of the rapid development of the field.

GuoJin Securities analysts believe that in the supply side of the reform, high energy-consuming industries to the context of production capacity, dealing with non-electricity industry, clean emissions of the company is expected to benefit. Among them, the clean environment focused on coal-fired power plant flue gas desulfurization and denitrification, the recent benefit from the coal-based ultra-clean emissions technology market expansion and exclusive technical advantages, while the petrochemical flue gas into the potential of non-electric governance industry; Xuelang environment in waste incineration flue gas purification sub-areas have advantages.

In addition, the Beijing-Tianjin-Hebei atmospheric control to increase the intensity of coal combustion control, requiring a limited time to complete the small coal-fired boiler "cleared" work. From the disposal approach, to promote the coal on behalf of the coal to coal on behalf of coal projects, central heating enterprises will benefit.

Analysts said that due to production policy, steel, cement, electrolytic aluminum and other leading enterprises in the industry capacity utilization will increase, profitability or improved, and may impact on market supply and demand.