2021SMM South China Nonferrous Metals Industry Annual meeting invites you to get together in Foshan in December!
Minutes of SMM Xi Morning meeting: last week, the trend of 2112 contracts was first weak and then strong, and the price tested the integer mark of 290000 yuan / ton again. As the 2112 contract gradually entered the end of the contract, the funds were gradually transferred to the 2201 contract. Recently, the supply of goods in the spot market is stable, and the price of rising water remains high. With the time gradually approaching the delivery month, the capital departure price is gradually close to the spot transaction price, and the trend remains high and has a high probability of concussion. In the long run, the expectation of better demand has not changed, so the trend is still on the strong side without a significant increase in supply.
"stable supply of goods in the spot market to maintain high consolidation [minutes of SMM Xi Morning meeting]
"Click to view the price of SMM tin products
Minutes of SMM Steel Morning meeting: iron ore opened low and rebounded on Friday, with the main contract closing price 536, up 2.49% throughout the day; the port spot market was stable in early trading. Some traders actively ship goods; steel mills have rigid demand for replenishment. The spot deal at the port is OK on Friday. The turnover of PB powder in Shandong was 570 yuan / ton, which was the same as that on the 18th. The turnover of PB powder in Tangshan area is 565-570. It is flat compared with the 18th. Inventory at 35 ports tracked by SMM totaled 147.33 million tons.
"upstream costs continue to decline and hot-rolled threads are expected to continue to fluctuate weakly next week [minutes of SMM Steel Morning meeting]
"Click to view the price of SMM steel products
SMM Cobalt Lithium Morning meeting minutes: the recent spot price of electrolytic cobalt is flat, the spot transaction is sporadic, the price of electrolytic cobalt is upside down compared to the price of cobalt intermediate products, and the production power is insufficient, which only ensures the supply of long orders. Recently, lithium carbonate prices have risen slightly, industrial carbon trading volume is more, mainly to traders pick up goods, quasi-electric carbon supply is limited, recent transactions are sporadic. From a fundamental point of view, lithium carbonate in the past two months may form a supply gap of about 16%.
BYD topped the list of top-selling cobalt and cobalt intermediate products with upside-down prices [minutes of the morning meeting of SMM cobalt and lithium]
"Click to view the price of SMM new energy products
Benefiting from investors seeking safe-haven buying, the dollar rose on Friday, closing up 0.53%. In terms of crude oil, both cloth oil and US oil fell more than 3 per cent, of which US oil fell to its lowest level since October 1, and cloth oil also hit its lowest level since September 30.
Stimulated by the news that an electrolytic aluminum plant in Yunnan had been shut down due to an accident near noon last Friday, Shanghai Aluminum was able to pull up sharply within the day, and the night trading continued its previous growth trend, eventually leading the two markets higher with a 3.36% increase. Shanghai zinc and nickel jumped more than 2 per cent. The recent malaise of lead prices still fell "stubbornly" against the backdrop of a general rally in inner-market metals, recording a drop of 0.71 per cent, hitting 14585 yuan / ton at one point in intraday trading, the lowest since October 8. Black is uplink across the line, hot rolls, and iron ore is up more than 4%.
The performance of aluminum in the outer plate was also eye-catching, taking the lead with an increase of 2.25%, with Lunlun Zinc Nickel up more than 1.8% one after another. Lun lead fell 0.34%.
Today's macro aspect focuses on data such as the total annualized sales of existing homes in the United States in October and the preliminary consumer confidence index in the euro zone in November.
"[overnight market] Metal closed up nearly across the board, and Shanghai Aluminum pulled up more than 3% | Oil prices plummeted 3% to close at a seven-week low.
"Click to view the price of SMM copper products.
"Click to view the price of SMM aluminum products
"Click to view the price of SMM lead products
"Click to view the price of SMM zinc products
"Click to view the price of SMM nickel products
U. S. stocks rose and fell mixed on Friday, and the epidemic situation in Europe and the United States was once again serious. By the close, the Dow was down 268.97 points, or 0.75%, at 35601.98; the Nasdaq was up 63.73 points, or 0.40%, at 16057.44; and the S & P 500 was down 6.58, or 0.14%, at 4697.96.
[SMM analysis: China's net import of copper plate and strip decreased by 7% from January to September.] according to customs statistics, from January to September this year, China's import of copper plate and strip was 96400 tons, an increase of 17% over the same period last year. Exports were 53900 tons, up 36%, and cumulative net imports were 42500 tons, down 7%. The decline in net imports shows that import substitution in the copper strip industry is accelerating, but the overall external dependence still exists. In terms of specific varieties, copper plate and strip is the fastest substitute for imports. Brass plate and strip imports can be produced in our country. Bronze and white copper plate and strip import demand is small, high copper alloy plate and strip demand is still large. "check the details.
[SMM analysis: what are the favorable points of copper consumption that Electroweb plans to invest 3 trillion yuan in the 14th five-year Plan? During the 14th five-year Plan period, the State Electroweb and the Southern Power Grid plan to invest nearly 3 trillion yuan, an increase of 50% and 14.3% respectively over the 12th and 13th five-year Plan periods, to promote the transformation and upgrading of Electroweb, speed up the process of digital Electroweb and modern Electroweb, and promote the construction of a new power system dominated by new energy. Structurally, the direction of Electroweb investment during the 14th five-year Plan period, such as Electroweb transformation, energy upgrading, and the development of new energy, may boost copper consumption to a certain extent. But the increase in commodity prices during the 14th five-year Plan period far exceeded the increase in Electroweb's planned investment. "check the details.
[SMM analysis: strong realistic logic is facing the test of domestic import invoice problems lead to wide fluctuations in copper prices] November 21 news, copper prices fluctuated wide in the week, first three consecutive days out of the negative on Friday out of the reversal market, a positive pillar basically recovered all the declines during the week. On the whole, the market trading logic is still in the game of strong reality and weak expectations, leading to wide fluctuations in copper prices. "View details
[SMM analysis: price opening superimposed domestic trade rising water soaring import copper trading premium] November 21 news, trading sentiment in the foreign trade copper market this week is significantly warmer than last week, in the outer disk back structure decline and domestic rising water banks, Yangshan copper premium showed a steady upward trend. With the continuous decline in the cancellation of warehouse receipts, the LME0-3 liter discount has also narrowed sharply, while domestic traders have strongly pushed up the price after the change of the month, and the profit space for spot imports has also reached more than 2000 yuan / ton, driving the copper premium for foreign trade to rise gradually. "check the details.
[SMM Copper downstream Weekly Survey: "Crazy Shengshui" makes enterprises anxious about the operating rate next week. SMM, Nov. 19, SMM conducted a survey on the production and sales of major copper rod enterprises in China this week. The overall operating rate is about 68.1%, a decrease of 1.72 percentage points compared with last week. The operating rate of refined copper rod has dropped somewhat this week, judging from the results of the survey. "check the details
[SMM industry dynamic tracking: how is the performance of consumption downstream of the surge in spot water at the end of the week? SMM November 19, last week downstream consumption showed a pick-up trend, and at the end of the week in the spot rising water soaring market, how about downstream consumption? The SMM Copper Research Group brings you the latest market situation. "check the details.
SMM analysis: how does long order negotiation interfere with electrolytic copper and anode copper stranded in port market under the interference of African transportation? In 2020, China imported 609700 tons of electrolytic copper from Africa, of which 480100 tons were imported from the Democratic Republic of the Congo, mainly from the Democratic Republic of the Congo, Zambia and South Africa, accounting for 78.75%, 13.18% and 3.38%, respectively. "check the details.
[SMM research: shortage of rising water in East China soared everywhere electricity copper rescued] as soon as mid-late November entered, there was news that the Customs had stopped issuing VAT invoices from mid-November until December 25. Shanghai, as the main importer, heard the wind and spot rising water continued to rise, rising 1750 yuan / ton in just one week, and rising water in other areas was also forced to follow suit. Details of the analysis can be found below. "View details
[SMM data: SMM data week national mainstream copper market inventory reduced 4800 tons] SMM, as of Friday, November 19, SMM national mainstream copper regional market inventory decreased by 4800 tons to 79500 tons compared with Monday, falling below 80, 000 tons for the first time this year, hitting a new low again. The destocking of the country during the week mainly occurred in Guangdong and Jiangsu, of which inventory in Guangdong decreased by 4700 to 11400 tons, inventory in Jiangsu decreased by 3000 to 10400 tons, and inventory in Tianjin increased by 3000 tons to 3000 tons. Shanghai inventory increased by 200 tons to 52600 tons. "check the details.
[SMM analysis: the large-scale impact of waste aluminum on the primary aluminum substitution field still needs a boost from consumption in related fields.] generally speaking, the large-scale impact of short-term waste aluminum on primary aluminum requires the consumption of fuel vehicles and real estate sectors, or the separation capacity of recovery links is significantly improved, and there is a breakthrough in waste aluminum separation and purification technology, otherwise the impact of waste aluminum on primary aluminum will still be difficult to see in the short term. The replacement of primary aluminum is still a relatively slow process. "View details
[scrap aluminum and recycled aluminum weekly review: scrap aluminum market activity reduces demand weak recycled aluminum prices continue to be under pressure] SMM November 19, A00 aluminum bottomed out this week, 4 consecutive days of negative, spot aluminum prices fell to 18340 yuan / ton, the biggest weekly decline of more than 1000 yuan / ton. There was a sharp rebound in aluminum prices on Friday, the rise and fall of scrap aluminum prices lagged behind, and market activity significantly weakened. As for cooked aluminum, it fell by about 750 yuan / ton during the week, and there is still no improvement in the demand for heavy melting bars. Raw aluminum. "check the details.
[SMM analysis: cost support demand continues to be weak recycled aluminum alloy price dilemma] SMM November 19, this week aluminum prices first suppressed and then rose to continue the shock trend, aluminum prices at the beginning of the week continue to weaken due to the downward movement of costs, aluminum community continued to accumulate, but on Thursday a sudden accident in an electrolytic aluminum plant in Yunnan, involving 300000 tons of production capacity temporarily shut down, the news triggered a sharp rise in Shanghai aluminum disk on Friday, climbing again to 19300 yuan / ton. Recycled aluminum prices are also weak this week. "View details
[SMM Aluminum Accessories Weekly Review: cost drop Aluminium fluoride Market profitable] SMM November 19: the aluminum fluoride market is temporarily stable during the week, the transaction prices of large households in the industry are concentrated at 11000 yuan / ton, and some aluminum plants purchase one order and one negotiation. At present, the operating rate of the industry remains low and the spot inventory of enterprises is low. At present, the cost pressure on the aluminum hydroxide and sulfuric acid market has weakened, and the profits of aluminum fluoride enterprises have improved compared with before. During the week, the price quoted by the Northern Aluminum fluoride Plant was as high as 13000 yuan / ton. "check the details
[SMM analysis: electrolytic aluminum production reduction and pre-baked anode supply and demand under the advent of heating season] SMM, November 19, recent domestic electrolytic aluminum plants continue to spread the news of production reduction, the reasons for the production reduction are also due to different enterprises and regions. Some enterprises are due to regional power shortage, some aluminum plants withdraw sharply because of aluminum prices, but the cost pressure of electricity and other raw materials is greater, enterprises suffer losses, and the trough is overhauled. "check the details.
[SMM Bauxite spot Weekly Review: alumina prices Down domestic Mine prices are under pressure] SMM: as of today, the SMM alumina weighted index has fallen 10% from the beginning of November, giving up all its gains since the beginning of October. Under the influence of many factors, such as unstable aluminum prices, cost collapse, the continuation of a small surplus pattern, overseas low price shocks and many other factors, alumina has not yet shown a stop signal and is still in a downward channel in the short term. Domestic ore is affected by this, ore prices have been loosened. "check the details.
[SMM Alumina Weekly Review: southwest decline or ultra-northern short-term hard to stop] SMM, as of Friday, the SMM regional weighted index was 3691 yuan / ton, down 77 yuan / ton or 2% compared with last Friday, including 3600-3800 yuan / ton in Shanxi, 3600-3850 yuan / ton in Henan, 3600-3700 yuan / ton in Shandong, 3500-3600 yuan / ton in Guangxi and 3500-3680 yuan / ton in Guizhou. Bayuquan area quoted 3680-3720 yuan / ton. "check the details.
[SMM analysis: aluminum bar inventory has been removed from the warehouse for five consecutive weeks. Can the strong market persist for five consecutive weeks?] from the point of view of processing fees, this week's aluminum bar processing fees are still strong, showing an overall upward trend. As far as the South China market is concerned, the processing fee of φ 90 specification aluminum bar in South China this week is between 1000 yuan / ton, the low-end price center of gravity remains stable, the high-end price center of gravity rises 50 yuan / ton, and the weekly average price rises 54 yuan / ton; φ 120 and φ 178 specification aluminum bar processing fee is 750,950 yuan / ton, the low-end price center of gravity also remains stable, the high-end price center of gravity rose 100 yuan / ton, the weekly average price rose 72 yuan / ton. At this point, the processing fee of the aluminum bar market has also been solid for about five weeks. "check the details
[SMM aluminum rod processing fee daily review: aluminum rod factory is strong in the future] SMM, November 19: Shandong 1A60pu aluminum rod processing fee ex-factory price 700L water 800yuan / ton, the average price recorded 750yuan / ton, 100 yuan / ton lower than yesterday, Henan 1A60 aluminum rod processing fee is 800,950yuan / ton. "check the details.
[SMM comment: how is the market performance of the falling lead price? SMM, Nov. 19, this week, Lunqin lead all the way down, fell below the moving average group, as low as 2212.0 US dollars / ton. In the middle of the week, the Fed expected no change in interest rates, the dollar index rose all the way, and the relatively empty macro atmosphere put pressure on non-ferrous metals as a whole. Lun lead recorded four consecutive overcast in this atmosphere, running under the middle rail of Brin Road, and the low position pierced the lower rail of Brin Road. Near the weekend, despite a slight correction in the dollar index, it is still running high, and Lun lead continues to be weak and volatile. "check the details.
[SMM research: refinery low-price sentiment upsurge primary lead delivery brand factory warehouse slightly increased] SMM November 19: as of November 19, the inventory of primary lead delivery brand factory warehouse reached 5200 tons, up slightly from last week on November 12, up about 400 tons from last week, according to SMM research.
[SMM Research: general Enterprise Weekly operating rate of Terminal consumption in lead Battery Market] SMM: according to SMM research, this week (November 13-November 19) the weekly comprehensive operating rate of lead battery enterprises in the five provinces of SMM is 76.89%, which is basically the same as last week. "check the details.
[SMM survey: smelter production stable electrolytic lead operating rate dropped slightly] according to the SMM (SMM) survey, this week (November 13-November 19) SMM primary lead smelter weekly operating rate of 56.69%, this week primary lead smelter operating rate dropped 0.07% month-on-month. . "View details
[SMM survey: the impact of power supply continues to weaken and the operating rate of recycled lead is steadily increasing] according to the (SMM) survey of SMM, this week (November 13-November 19) the weekly operating rate of SMM recycled lead smelting enterprises in the four provinces was 52.13%, up 2.85% from last week. "check the details.
[SMM Research: overhaul leads to Regional difference in lead Ingot supply by nearly 10,000] SMM November 19: as of November 19, the total inventory of lead ingots in the five places reached 159500 tons, down 9700 tons from last Friday, and 5000 tons from Monday, according to SMM research.
[SMM analysis: the central bank released the third quarter monetary implementation report zinc price slightly higher] on November 19, the central bank released the monetary policy implementation report for the third quarter of 2021, and the report shows that China has a strong and resilient super-large economy. "there is great potential for development and broad room for manoeuvre, and this week's destocking performance of zinc ingots social inventory once again proved the strong resilience of zinc terminal consumption. "View details
[SMM research: steel prices stabilized during the week led to an improvement in galvanizing start]. According to SMM research, zinc ingot shock this week is weak, downstream enterprises have increased replenishment at bargain prices, but the market is still bearish on zinc prices, and the overall purchase is mainly to replenish the inventory consumed in the previous period. "check the details of galvanized pipe companies.
[SMM Analysis: overall recovery of consumption Enterprise operating rate] SMM November 19, this week's zinc oxide transaction price in the range of 21400-21800 yuan / ton. According to SMM research data, zinc oxide this week. "View details
[SMM analysis: Guangdong zinc inventory significantly increased spot discount water pressure] SMM on November 19, the Guangdong market Zinc quotation this week focused on the Shanghai Zinc 2112 contract discount of 30 yuan / ton to 10 yuan / ton, the Guangdong market discount of 40 yuan / ton compared to the Shanghai stock market, a weekly expansion of 10 yuan / ton. "View details
[SMM analysis: partial factory digest finished product inventory zinc alloy factory start slightly decreased] SMM November 19, this week, die casting zinc alloy factory start slightly decreased, mainly because some factories digest finished product inventory, in addition, after the fall in zinc prices, terminal procurement demand is not as strong as expected, and near the end of the year, some enterprises intend to reduce orders for customers in arrears, the overall production increase is limited. "View details
[SMM data: SMM seven zinc ingots social inventory dropped 2600 tons compared with last Friday] SMM November 19: according to SMM, as of this Friday, SMM seven zinc ingot stocks totaled 128700 tons, down 6500 tons from Monday and 2600 tons from last Friday. "check the details.
[SMM analysis: a brief analysis of the impact of the revised tin ingot delivery standard on the tin price trend] in summary, the revision of the tin ingot delivery standard can be summarized as the improvement of the tin ingot delivery standard in the future. The decline of lead and sulfur content standards of products affects that delivery products are more environmentally friendly, while silver and bismuth content standards are relaxed, but the overall price is not affected by the relatively small composition. Therefore, the revision of the delivery standard of tin ingots has no impact on the current tin price, while the subsequent factors affecting the price trend should also pay attention to the change in the relationship between supply and demand and the final impact of the recent epidemic in Myanmar on the export of raw materials at the mine end. "check the details.
[SMM analysis: market demand weakens and iron prices may fall in the short term.] News on November 21st, trading in the stainless steel market is light this week. Although the production restriction policy has been liberalized and supply has gradually resumed, orders have weakened downstream of the off-season in the industry, and the spot price of stainless steel has fallen one after another under the two negative factors. The high nickel pig iron market has also been affected, with steel mills reducing profits. In order to further avoid risks, more rigid demand is used to purchase raw materials, mainly in demand. "check the details.
[SMM analysis: FOB standing price CIF stabilizes market contradiction leads to abnormal mineral price] news on November 21, the cif price of 1.5% nickel ore in the mainstream market during the week remained around 82 US dollars / wet ton, with no obvious fluctuation. At present, there are still negative factors in the nickel market: the high nickel pig iron market is weak, but due to the expected low volume, there is a gradual demand for replenishment in the superimposed iron plant to resume production, and there is no obvious change in ore prices in the short term under double pressure. "check the details.
[laterite Nickel Weekly Review: mine supply is tight FOB standing price demand is weak] SMM November 19: on Friday, the average 1.5%CIF price of nickel ore was $82 / wet ton, unchanged from the average price last Friday. At present, supply and demand in the market are both weak, the turnover of CIF is light, and the price remains fluctuating at this level for the time being, while FOB has a tendency to push up the price. . "View details
[nickel pig iron Weekly Review: iron prices fall down the mainstream price range, weakening demand for stainless steel] SMM, November 19, the average price of SMM8-12% high nickel pig iron this Friday is 1467.5 yuan / nickel point (including factory tax), which is 12.5 yuan / nickel point compared with the average price last Friday; the average price of high nickel pig iron in Indonesia is 1465 yuan / nickel point (including tax in Hong Kong), which is 10 yuan / nickel point lower than last Friday. . "View details
[bonded area Pure Nickel inventory: the accumulation of Nickel bonded area slows this week] SMM, on November 19, the internal and external price of nickel remained low this week, but with the concentrated purchasing downstream brought about by the continued decline in domestic nickel prices, domestic nickel inventories continued to decline this week, and domestic short sellers left in recent months on Thursday night, bringing the domestic monthly gap widened, at the same time, the internal and external price ratio began to be revised up, and then with the domestic demand not collapsing, The internal and external price comparison will continue to be revised, and it is necessary to open the import window. "View details
[SMM Analysis: 4 billion! Global consumer lithium battery leader re-build 10Gwh power battery project! ] SMM, November 19: on November 18, the global consumer battery giant Zhuhai Guanyu issued an announcement that the company's wholly-owned subsidiary Zhejiang Guanyu Co., Ltd. (hereinafter referred to as "Zhejiang Guanyu") plans to build a new lithium-ion power battery project in Baibu Economic Development Zone, Haiyan County, Jiaxing City, Zhejiang Province. It is understood that Zhejiang Guanyu has signed the Project Investment Agreement with the people's Government of Haiyan County and the Management Committee of Zhejiang Baibu Economic Development Zone on November 18, 2021. "check the details.
[SMM in-depth Analysis: the Development course of China's Lithium Industry] this article summarizes the development process of China's lithium industry since the founding of the people's Republic of China in 1949. From the application of glass ceramics, aluminum smelting and grease in traditional industries to the application of lithium ion battery materials, from the application of lithium cobalt battery such as digital 3C to the application of new energy vehicle power ternary battery. "View details
[SMM Cobalt Lithium spot Weekly report: sales of new energy vehicles fell 10.3% in October. Lithium carbonate will continue to rise in the future market forecast: cobalt prices will reach this year's highest level in November and is expected to decline slightly in December. In December, overseas gradually entered the Christmas holiday, the number of transactions decreased, and the price of electrolytic cobalt gradually stabilized. The inventory pressure of domestic smelting and processing enterprises is increasing, and the acceptance of downstream battery enterprises to the price of cobalt metal above 400000 yuan / ton is getting lower and lower, the price of domestic cobalt products will decline slightly, and smelting and processing enterprises will enter a difficult "cold winter". In terms of lithium. "check the details.
[SMM comment: the economy of the decline in the price of scrap stainless steel highlights the firmness and maintenance of the price of high-nickel pig iron] in the past two weeks, under the pressure of falling prices of stainless steel products, the price of scrap stainless steel has dropped by nearly 1000 yuan per ton, while the price of high-nickel pig iron has greater stickiness and a smaller decline, so the economy of scrap stainless steel has gradually improved. As of this Friday, according to the value per nickel point, The price of high nickel pig iron is higher than that of scrap stainless steel by 75 yuan per nickel point, that is, high nickel pig iron. "View details
[chromite Weekly Review: grain size ore is in short supply and inventory is low] SMM on November 19th: compared with last week, the output of Tianjin Port chrome ore increased significantly this week, and compared with last week, there was a significant decrease in storage volume compared with last week. Only one bulk ship entered the warehouse, and the overall inventory decreased significantly. Although the operating rate of the iron mill has increased, the output of ferrochromium has increased, and the consumption of chromium ore has increased, the port inventory of powdered ores in South Africa has been relatively large in the early stage. "View details
[SMM comment: the output of coal and electricity in Inner Mongolia ranks first in the country in October and the price is under pressure.] according to SMM research, the situation of power restriction of high-carbon ferrochromium manufacturers in Inner Mongolia has improved significantly since October, the operating rate has increased, and the output of high-carbon ferrochromium has increased significantly. The output of high-chromium in Inner Mongolia has increased by 44.85% in October compared with the same period last year. In the early stage of the iron factory, due to the incomplete completion of the long Association order due to power limitation, the spot transaction in the market can be increased step by step. The supply of high-carbon chromium iron has gradually changed from shortage to looseness, and the price has gone down. . "View details
[SMM thread cycle carding: power restriction policy repeated thread price wide fluctuation] as of November 18, the total thread inventory continued to decline, the factory warehouse stopped increasing and declining, and the decline of the social treasury narrowed slightly compared with the previous month. "check the details.
[SMM Analysis: yesterday's iron ore 2201 main contract closing low triggered market speculation] November 19: SMM analysis, supply-side point of view, inventory of 35 ports tracked by SMM this week totaled 147.33 million tons, an increase of 1.21 million tons over last week, an increase of 23.85 million tons year-on-year; imported ore port inventory has accumulated for eight consecutive periods, at the highest position in recent years. And the fourth quarter is the peak shipping season for imported mines, and loose supply will continue. "check the details
[SMM hot rolling week combing: this week's coil price wide range shock supply increment will gradually show] SMM November 19: this week's coil price weak shock, Monday, a series of macro data released, October national crude steel production of 71.58 million tons, January-October production of 877.05 million tons. "check the details.
[in-depth Analysis of the SMM Coke Market: how much more can Coke fall with the coming of the sixth Round of Price reduction] SMM, November 19: although the price of coke has been continuously reduced by 600 yuan per ton this week, under the environment that the price of coking coal begins to fall and the start-up of blast furnaces in steel mills is very poor, the demand for coke is very difficult to improve. Taking into account the last rising market of coke, coke rose a total of 1560 yuan / ton. Then the goal of the steel mill is likely to be to reduce the price of coke by 1600 yuan per ton, that is to say, there is still room for a price reduction of 400 yuan per ton. "check the details.
[SMM Weekly Review: spot prices of silicon and manganese continue to weaken manufacturers' mentality is not strong] SMM on November 19: as of this Friday, 6517 (cash) of silicon and manganese in the northern market was 8150-8850 yuan / ton, down 450 yuan / ton from last week; and 6517 (cash) of silicon and manganese in the southern market was 8350-9050 yuan / ton, down 500 yuan / ton from last week. The futures market fluctuated weakly this week. In the spot market, the output of the main producing areas has gradually increased this week, but the improvement in downstream demand is limited and the overall demand is limited. "check the details
[SMM Electrolytic Manganese Weekly Review: the same trend of Manganese prices inside and outside the disk leads to conjecture] SMM on November 19: manganese prices rose and fell in limited space in the first half of the week, although low prices frequently occurred in the first week of November, while the willingness to receive goods at high prices at the terminal was not strong, bearish sentiment was driven. Environmental protection policy in the second half of the week for the release of information on the removal of metal manganese in Xiushan area of Chongqing, manufacturers and merchants are willing to go to the warehouse at low prices one after another before the end of the month. Coupled with the deepening market price reduction of other manganese series in the middle of the month, SMM expects the market price of electrolytic manganese next week. "check the details.
[SMM analysis: where is the upstream and downstream stalemate of 42 metal silicon] the price from DMC to the factory was 30000 yuan / ton on November 19, down 30900 yuan / ton from October 19, down more than 50% from October 19, that is to say, it only took a week for DMC prices to halve. The monthly bidding for 42 million silicon should have been postponed at the end of October, during which the organosilicon monomer factory mainly digested inventory, and the monomer factory and the metal silicon factory reached a game deadlock. The following is a brief analysis of the reasons for the price hiking of 42 million silicon production enterprises. "check the details.
[SMM Weekly Review: downstream centralized replenishment pulls metallurgical grade metal silicon prices up] SMM, November 19: the price of metallurgical grade metal silicon has risen for many days in a row this week, showing a relatively strong performance. The price of oxygen-free 55 silicon in eastern China is 26000-26500 yuan / ton, up 4750 yuan / ton in the week, 33000-34000 yuan / ton in East China, and 4000 yuan / ton in the week. The price of metallurgical grade silicon continued its upward trend over the weekend this week. "check the details.
[SMM Silicon inventory: metal Silicon shipments increase week Social inventory drops significantly] SMM November 19: SMM statistics November 19 metal silicon social inventory totaled 80000 tons, 9000 tons less than last week. The overall performance of Tianjin Port is active, and most of the metal silicon that arrived last week have been issued one after another this week, and the number of depots far exceeds that of inbound depots. The performance of different warehouses in Huangpu Port varies. "check the details
[SMM Antimony spot Weekly Review: antimony prices are stable and looking for directions] SMM, 19 November: after the antimony market prices fell last week, antimony market prices stabilized this week, market low-price resources gradually decreased, while manufacturers, traders and other shipping prices refused to fall in a certain position, while the wait-and-see mood of antimony oxide manufacturers and downstream terminals decreased, especially since the beginning of the second half of the week, in addition to the purchase of long single rigid demand in the lower reaches. There has been an additional purchase of antimony ingots, and the intention to hoard a small amount of goods has begun to intensify. "View details
[SMM Molybdenum Weekly Review: the price of steel mills fell sharply in the early stage and the price of molybdenum enterprises joined forces to support the market picked up slightly] SMM, November 19: the mainstream transaction price of 45% molybdenum concentrate this week is 1890-1920 yuan / tonnage, down 40 yuan / tonnage from last Friday. The mainstream transaction price of 60% ferromolybdenum in China is 12.8-131000 yuan / ton, down 3500 yuan / ton from last Friday. SMM believes that recently, due to the high price of raw materials and the increase in the number of steel companies entering the market, the domestic molybdenum market may continue to rebound slightly in the short term in the future. But in the long run, the overall price reduction mentality of steel mills is still there. "check the details
[SMM indium spot weekly review: indium price is stable as a whole] SMM: this week, the price in the indium market is stable, the fundamentals of supply and demand still remain unchanged, the pattern of supply and demand still maintains a balance, the market still keeps rational selling and buying, although supply and demand still show a weak trend, but the enthusiasm of terminal demand and speculative funds to buy goods is slightly higher than in the previous period. The wait-and-see mood of the downstream terminal does not change much, but the buying of speculative funds is getting stronger, and there are not many cases of additional hoarding in the downstream of the terminal, in addition to the purchase of rigid demand for long orders. "check the details.
[SMM Bismuth spot Weekly Review: bismuth price is weak and stable] SMM November 19: bismuth ingot prices continue to be weak and stable this week, and the fundamentals of market supply and demand remain unchanged, but demand continues to weaken, especially speculative sentiment enters the freezing point, while the overall supply of most manufacturers' resources is still tight, manufacturers' inventories are still low, and manufacturers' shipments are more cautious. "check the details.
[SMM bismuth market tracking report: Hunan Shizhuyuan nonferrous bismuth concentrate inventory will be shipped according to output in the future] according to information learned by SMM, the relevant person in charge of Hunan Shizhuyuan Nonferrous Metals Co., Ltd. said that his company's bismuth concentrate inventory has now dropped to an all-time low, and the original high inventory of bismuth concentrate has been cleared recently, and the monthly supply will return to production and supply in the future. That is, they are all shipped according to production capacity. "check the details.
[SMM magnesium spot Weekly Review: magnesium prices slow down and the market returns to wait-and-see] SMM on November 19th: magnesium prices at the beginning of the week were affected by the good news of purchasing in Yulin, the lower reaches of the market began to enter the market, and the market trading volume rose rapidly, driven by the demand side. . "View details
[SMM Titanium spot Weekly Review: titanium concentrate weakly adjusts the overall operation of the titanium market] as of November 19, the prices of titanium concentrate and titanium dioxide have been lowered this week, and the overall titanium market has maintained stable operation. The details of the market are as follows. "View details
[SMM rare earth depth: the gap between supply and demand of praseodymium and neodymium will continue to expand scrap or into a new growth direction of rare earth supply] entered the fourth quarter, due to the impact of power cuts in many places in the country, combined with the Myanmar customs closure factors that began in July this year, rare earth prices soared. Take the most representative praseodymium-neodymium products as an example, the price of praseodymium-neodymium oxide rose from 600000 yuan / ton in early October to 780000 yuan / ton, an increase of 30%. Similarly, praseodymium-neodymium metal rose from 740000 yuan / ton to 960000 yuan / ton this weekend. "the price is up 30%." check the details.
[SMM Weekly Review: this week's praseodymium-neodymium products are now a small correction in the terbium oxide market] SMM, November 19: the market bearish mood increased at the beginning of the week, praseodymium-neodymium products slightly pullback, praseodymium-neodymium oxide mainstream transaction prices were 1.9% to 78-785000 yuan / ton compared with last Friday, and praseodymium-neodymium metal mainstream trading prices were 3% to 95.5-960000 yuan / ton. Near the weekend, bearish sentiment in the market has been reduced, and mainstream transaction prices have temporarily stabilized. This week, the terbium market from the beginning of the pullback to the accelerated pullback, the terbium oxide market has risen sharply, and the dysprosium oxide market has fallen steadily and then maintained stability. "check the details.
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Jia Xing, vice president and secretary general of the China Nonferrous Metals Industry Association, announced a few days ago that in the first three quarters of this year, China's non-ferrous metal production continued to recover, investment in fixed assets returned to positive growth, and non-ferrous metal prices fluctuated at high levels. the profits of non-ferrous metal enterprises above scale have doubled. He predicts that the overall growth of non-ferrous metals production in the fourth quarter will remain steady, with the year-on-year growth rate falling somewhat, but the annual growth rate is expected to reach about 5%.
According to SMM, at present, many importers have received notice from the customs that VAT invoices will be suspended from the middle of November until December 25, and those imported goods that exceed the prescribed tax limits are required to pay a deposit. Due to concerns about the lack of input tickets and the long occupation of margin, the willingness of some domestic importers to import goods has been restrained, thus giving rise to concerns about the reduction of imports in the spot market. Under the current background of ultra-low domestic inventory, the discount on copper spot goods has soared. As of November 19, the average discount price of SMM1# electrolytic copper rose to 2200 yuan / ton, a record high.
[Shandong Province Department of Industry and Information Technology issued aluminum industry "14th five-year Plan" development plan to adhere to innovative green development to build industrial aggregation clusters] Shandong aluminum industry chain advantages, the scale is in the forefront of the country, the development trend is good. The 14th five-year Plan period is a five-year period for the beginning of a new journey in building a modern socialist country and marching towards the second goal. In order to thoroughly implement the implementation Plan of Shandong Province for the conversion of New and Old Kinetic Energy, implement the 14th five-year Plan for Shandong National Economic and Social Development and the outline of long-term goals for 2035, promote the rapid development of the province's aluminum industry and build the brand of Shandong Aluminum Industry, and formulate this plan. "View details
[an electrolytic aluminum plant in Yunnan was completely shut down due to an accident] according to SMM, an electrolytic cell fire accident occurred in an electrolytic aluminum plant in Yunnan on the evening of November 18. at present, all enterprises have stopped production, involving an annual production capacity of 300000 tons. At present, no casualties have been caused by the accident, and the time of resumption of production is unknown. SMM will continue to follow up.
[world Bureau of Metal Statistics WBMS] the global lead market has a supply shortage of 269100 tons from January to September in 2021, foreign media reported on November 17, the latest data report released by the World Metal Statistics Bureau ((WBMS)) on Wednesday shows that the global lead market has a supply shortage of 269100 tons from January to September in 2021 and 80400 tons for the whole year of 2020. The total inventory at the end of September was no more than 77200 tons higher than in 2020. Unreported inventory changes are not included in consumption statistics. Global refined lead production from January to September in 2021 was 10.5419 million tons, an increase of 18.6 per cent over the same period in 2020. China's apparent demand is estimated at 5.2948 million tonnes, an increase of 1.544 million tonnes over the same period in 2020, accounting for about 49 per cent of the global total. The apparent demand of the United States from January to September in 2021 increased by 113000 tons compared with the same period last year. The production of refined lead in September was 1.1686 million tons and the demand was 1.2094 million tons.
[Chihong's subsidiary that stopped production for 94 days is expected to affect the production of 26000 tons of electric zinc and 12000 tons of crude lead] on November 18, Chihong Zinc and Germanium issued an announcement. Hulunbuir Chihong, a wholly-owned subsidiary of the company, received a "opinion on rectification review" issued by Hulunbuir Emergency Management Bureau and agreed to resume production and business activities. Hulunbuir Chihong gradually resumed production on November 18. According to the announcement, the accident caused Hulunbuir Chihong to stop production for 94 days. In terms of production capacity, it is expected to reduce the production of 26000 tons of electric zinc and 12000 tons of crude lead. "View details
[CISA: steel prices will continue to fluctuate slightly in the later period] CISA said that in October, steel demand in the domestic market dropped significantly, and steel prices changed from rising to falling. As the weather turns cold, the market will gradually enter the off-season of demand, and steel prices will continue to fluctuate slightly in the later period.
[development Plan of Shandong Iron and Steel Industry during the 14th five-year Plan] during the 14th five-year Plan, Shandong will strive to build the ecology of the iron and steel industry, promote the layout optimization, structural adjustment, and solid foundation extension of the iron and steel industry, and promote the deep integration of the iron and steel industry and the equipment manufacturing industry. to double the output value of iron and steel and products, reaching a trillion-level scale. Encourage local iron and steel deep processing, establish manufacturing parks, extend industrial chains, and build industrial clusters. Expand and strengthen special steel, steel for marine engineering, steel for rail transit, steel for white household appliances, steel for construction machinery, steel for petroleum and petrochemical industry, etc., drive high-end bearings, gears, moulds, stainless steel, marine equipment, construction machinery and equipment, rail transit equipment to the high end, further improve the industrial chain, value chain and innovation chain, and provide a demonstration for the transformation and upgrading of the iron and steel industry in our province and even the whole country.
[central bank: increase direct financing support to promote green transformation and low-carbon development of iron and steel enterprises] the central bank released China's monetary policy implementation report for the third quarter of 2021. It is mentioned that the iron and steel industry will soon be included in the national carbon emissions trading market, and carbon emissions will be limited by quotas, which puts forward higher requirements for low-carbon transformation of enterprises. In the next step, we need to accelerate the transformation, upgrading and high-quality development of the iron and steel industry. First, China has a high degree of dependence on iron ore imports, so it is necessary to establish a diversified, multi-channel, stable and reliable resource guarantee system to enhance the industrial chain level and anti-risk ability of the iron and steel industry. The second is to steadily promote the layout optimization and structural adjustment of the iron and steel industry, ensure the withdrawal of reduced production capacity, and strengthen expected guidance to avoid sharp market fluctuations. Third, give full play to the role of capital market in technological transformation, energy saving and environmental protection, intelligent manufacturing, merger and reorganization of iron and steel enterprises, increase direct financing support, and promote green transformation and low-carbon development of iron and steel enterprises.
[the State Energy Group has signed an additional 17.75 million tons of guaranteed supply task] the State Energy Group is the largest coal production enterprise in China, accounting for about 17% of the country's coal production and sales. Under the condition that the preliminary production capacity was already at full capacity, they signed an additional supply guarantee task of 17.75 million tons in the fourth quarter. Coal enterprises in Shanxi, Shaanxi and Inner Mongolia undertake the main coal production tasks in the country. In recent days, the coal production capacity of these enterprises has been further released in accordance with the requirements of the National Development and Reform Commission and other departments.
Recently, the Department of Ecological Environment of Hebei Province organized a special action on atmospheric environmental law enforcement against key cities. On November 14, it was found that some enterprises' online monitoring data exceeded the standard, pollution prevention and control facilities were not operating normally, and dust pollution from construction was transferred to relevant places for investigation and punishment in accordance with the law, and ordered to quickly carry out rectification and implementation. Among them, there are 4 steel mills with emission problems, and there is a trend of further stringent requirements for environmental protection emissions in Hebei Province.
Increase the volume of transportation! With the arrival of a new round of cold air, railway freight transport units around the country have concentrated transport capacity resources and made every effort to organize an increase in coal transport, and a number of transport production indicators have reached an all-time high. On November 18, 1.306 million tons of coal were transported on the Daqin Railway, a major channel for the transport of coal from west to east in China. This is the 13th time since November that the daily transport volume of Daqin Railway has exceeded 1.3 million tons. The coal storage in Qinhuangdao Port, Tangshan Port and Caofeidian Port has rebounded from more than 1600 million tons at the end of October to more than 19 million tons. According to the China Railway Group, from November 1 to 15, the average daily loading of railway coal across the country was 86353 vehicles, an increase of 10304 vehicles or 13.5% over the same period last year, while that of thermal coal was 62903 vehicles per day, an increase of 15185 vehicles or 31.8% over the same period last year.
[national Development and Reform Commission: daily coal output has stabilized at more than 12 million tons.] in response to the sharp rise in coal prices in the previous period, the National Development and Reform Commission said recently that at present, a series of measures to guarantee supply and stabilize prices have achieved immediate results. In terms of ensuring supply, the relevant departments have vigorously promoted the increase in coal production and supply, accelerated the release of high-quality coal production capacity, the national coal output and market supply have continued to increase, and the daily output of coal dispatching has stabilized at more than 12 million tons, setting a record high in a row. Zhu Xiaohai, deputy director of the Price Monitoring and Control Department of the Price Department of the National Development and Reform Commission, said that recently, energy prices such as coal have dropped sharply, and the futures price of thermal coal has dropped from about 2,000 yuan per ton in mid-October to about 800 yuan in recent days. the drop is as high as 60%, and the prices of some industrial raw materials have also dropped significantly.
[Jiangte Motor: the total amount of lithium resources held or controlled by the company in Yichun area is more than 100 million tons.] Jiangte Motor said on the investor interactive platform on November 18 that the company holds or controls more than 100 million tons of lithium resources in Yichun area, with large reserves.
[Guotai Junan Securities: the third lithium price increase has been brewing and launched] Guotai Junan Securities released the latest research report, pointing out that short-term lithium supply and demand will continue to be tight, lithium prices may remain strong, and the concentrate end is more certain. Last week, the price of lithium concentrate was $2110 / ton, up $240 / ton from the previous week. The power limit of Q4 is gradually loosening, and the production of cathode materials continues to increase. In particular, the production and demand of lithium iron phosphate are in full swing, and the demand for lithium carbonate is further increasing. Before this period of time, the procurement pace is slow, and the inventory level of the manufacturers in the middle and lower reaches is already low. For some small and medium-sized material manufacturers, the inventory level is even less than a week, which is completely lower than the safety inventory limit. The end of the year is approaching, approaching the centralized inventory cycle, last week it was obvious that the purchasing mood of manufacturers increased and the frequency of inquiry increased. Since last week, the third price increase of lithium has been brewing and started, and the price of lithium carbonate will take the lead to rise. Last week, the price of battery-grade lithium carbonate was 19.7-200000 yuan / ton, up 2000 yuan / ton from the previous week, according to SMM.
Another listed company layout lithium iron phosphate! Proposed to build 200000 tons / year new energy material project] on November 19, Chuanfa Dragon Python announced plans to build 200000 tons of lithium iron phosphate and 200000 tons of iron phosphate production line. Since the second half of this year, in addition to Chuanfa dragon python, there are Yuntianhua, Yuntu Holdings, Hubei Yihua, Xin Yangfeng and other phosphorus chemical industry listed companies announced the layout of iron phosphate field.
[Xianmei Resources invests in battery-grade lithium salt to develop new energy strategic track] China's leading manufacturer of tantalum-niobium metallurgical products, Xianmei Resources Holdings Co., Ltd. (9936.HK, hereinafter referred to as "Xianmei Resources" or "the Company") gladly announced on November 18, 2021, it will set up a joint venture company to invest in the project of battery-grade lithium salt circular economy industrial park with an annual output of 50,000 tons. Xianmei Resources is the world's leading manufacturer of wet tantalum and niobium products. This foray into the lithium battery core raw material industry will help the company to open up a new strategic track on the basis of the original advantageous industries and become an important driving force for the company's future business growth and competitiveness.
[two consecutive boards on Mount Qomolangma in Tibet: the Argentine Salt Lake Project has not yet entered the production stage] recently, stimulated by all kinds of good news, Mount Qomolangma in Tibet achieved a brilliant record of two consecutive boards in two consecutive trading days on November 17 and November 18. In response to this situation, Mount Qomolangma in Tibet issued a stock abnormal fluctuation announcement on the evening of the 18th, saying that the company's current production and operation conditions are normal, and there are no major matters that should be disclosed but not disclosed. "View details
[Tianqi Lithium Industry: the company's current lithium chemical production capacity is about 44800 tons / year. The first phase of the Australian lithium chemical production project is progressing smoothly.] Tianqi Lithium Industry said that the commissioning work of the first phase of the company's Quinana, Australia, "annual production of 24000 tons of battery-grade lithium hydroxide monohydrate" is progressing smoothly according to the established plan. At present, the joint working group is actively committed to realizing the stable operation of the whole process and the optimization of process control parameters. Strive to achieve the phased goal of achieving the state of salable products and the factory entering formal operation and trial production by the end of 2021. In the process of trial production, the company will carry out targeted rectification work in time according to the problems that arise, so that the project will gradually achieve a sustained and stable production state, with a view to achieving the ultimate goal of achieving the design capacity by the end of 2022. "View details
[Chilean lithium mining company SQM expects lithium prices to rise nearly 50 per cent quarter-on-quarter] on November 19th, tight lithium supplies are putting manufacturers in an enviable position in negotiations with battery makers, and Chile's SQM expects contract prices to rise nearly 50 per cent this quarter from the previous quarter. Demand growth is expected to be close to 50 per cent this year as the shift to electric cars gains momentum, the world's second-largest lithium producer said in a report released overnight.
South African mining company Tharisa will extend its open-pit chromium mine in South Africa's north-west province for seven years to 2041. Tariza pointed out that this move will further consolidate Tharisa's position in the mining industry and will provide a sustainable, low-cost mining platform for 50 consecutive years. The open-pit resources of the chromium mine increased by 30 per cent to 94.2 million tons, with total open-pit and underground reserves of 113.1 million tons, PGM grade of 1.09g / ton and chromium grade of 18.6 per cent.
Terminal information
[the Jiangsu Dongtai offshore wind power project of the State Energy Group has been completed and put into operation] on November 20, the first Sino-foreign joint venture offshore wind power project in China, the State Energy Group Guohua invested in the Jiangsu Dongtai offshore wind power project, successfully realized full-capacity grid-connected power generation. It is reported that the total installed capacity of the project is 500000 kilowatts and the total investment is about 8 billion yuan.
[Guangxi offshore wind power planning approved] according to the Guangxi Zhuang Autonomous region Development and Reform Commission, Guangxi offshore wind power planning was formally approved by the National Energy Administration on November 1, marking the region's offshore wind power from the planning stage to the construction and implementation stage. the State Energy Administration has previously approved the region's offshore wind power planning capacity of 7.5 million kilowatts, of which all four sites in the sea areas under the jurisdiction of the autonomous region have a total of 1.8 million kilowatts. It is required to strive for all of them to be completed and connected to the grid by 2025. 5.7 million kilowatts are selected outside the sea areas under the jurisdiction of the autonomous region to carry out preliminary work, which requires that more than 1.2 million kilowatts will be completed and connected to the grid by the end of 2025.
[the economic operation of the automobile industry in October 2021] according to the official website of the China Association of Automobile Manufacturers, in October 2021, China's macro-economic operation is generally stable, but the domestic and foreign environment is still complex and grim. The automobile industry strives to overcome the effects of many unfavorable factors, such as tight power supply, high raw material prices, and the supply situation of regulation-level chips is slightly better than in the third quarter, automobile production and sales continue to show a recovery trend, and the overall situation shows signs of improvement.
[GAC GROUP: plans to account for 50% of sales of self-branded new energy vehicles in 2025] GAC GROUP announced that he would achieve carbon neutralization in the product life cycle by 2050 (challenge 2045) and build GAC Ean into GAC's first zero-carbon plant in 2023. Independent brand new energy vehicles accounted for 50 per cent of sales in 2025, 50 per cent of the group's new energy vehicles in 2030, GAC MOTOR achieved hybrid models in 2025 and 60 per cent in 2030.
[the updated price of Tesla's domestic Model 3 version has been raised by 15000 yuan to 250900 yuan] on November 19, Tesla's official website showed that the domestic Model 3 standard life upgrade model is no longer there, only showing that the rear wheel drive version and high-performance version are on sale, of which the subsidized rear wheel drive version is 250900 yuan, which is 15000 yuan higher than the previous standard life upgrade version, and delivery is expected to take place in the first quarter of 2022.
[Ford plans to increase electric vehicle production to 600000 in 2023] Ford said on Thursday that it planned to double its global electric vehicle production capacity to 600000 by 2023. Jim Farley, the company's chief executive, expects this to make Ford the second-largest maker of electric cars in the United States after Tesla. That production is expected to be distributed to Ford's first three new electric vehicles: the Mustang Mach-E, the FMIT 150 Lightning and the E-Transit. Before that, a newly announced electric car assembly plant in Tennessee is expected to start production.
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