2021 Forum on the Application and Development of New Technologies and New Materials in China Air-conditioning Industry
2021 China Silicon Industry chain Summit Forum
[overnight] Metal prices in Shanghai are generally rising, black collective gains, oil prices hit a nine-month high.
[macro outlook] focus on the US current account in the third quarter
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The outer disk metal market rose yesterday, with Lun copper up 1.6%, Lun aluminum up 1.97%, Lunzn zinc up 1.14%, Lunni up 0.69%, Lunxi up 0.03%, and Lunxi down 0.24%. In the domestic market, international copper rose 0.73%, Shanghai copper rose 0.65%, Shanghai aluminum rose 1.06%, Shanghai zinc rose 1.06%, Shanghai lead fell 0.1%, Shanghai nickel rose 0.35%, Shanghai tin rose 0.37%, iron ore rose 2.92%, thread rose 2.25%, and stainless steel rose 0.14%.
Us stocks, the three major stock indexes closed higher, with the Nasdaq rising as high as 12765.25 and the S & P 500 rising as high as 3725.12, all of which hit an all-time high in intraday trading on Thursday. Congressional leaders and their aides continue to hammer out the details of a nearly $900 billion rescue plan for novel coronavirus, with a view to releasing it as early as Thursday. A White House spokesman said the administration was "optimistic" that an agreement would be reached.
LME inventory
Today's focus
[SMM analysis: the US dollar copper market at the end of the year bleak long order negotiations end] the end of the year, foreign trade copper market is light, long order negotiations have also come to an end. On the whole, the supply of long orders next year is lower than that of last year, and the proportion of floating pricing is significantly increased. With the weak market this year and the expected weakening demand for copper in the US dollar next year, it is very difficult to sign a long order for next year. Codelco insisted on an offer of US $88 for the second-brand supply, and some traders concluded the deal in order to ensure a stable supply and maintain relations. "View details
SMM analysis: the consumption of scrap copper rods with a big discount of thousands of yuan shrank rapidly at the end of the year? SMM data show that the tax price difference between bright copper wire and electrolytic copper is 1898 yuan / ton, an increase of 385 yuan over the previous trading day and 615 yuan from last Friday. The corresponding scrap copper rod discounted 980 yuan / ton to the Shanghai copper contract that month, 270 yuan more than the previous trading day, and 580 yuan more than last Friday. "View details
[SMM data: electrolytic aluminum social inventory dropped 7000 tons compared with last Thursday. Inventory increased in Wuxi.] on December 17, SMM counted domestic electrolytic aluminum social inventory of 589000 tons, down 7000 tons from the previous Thursday, 11000 tons in the South China Sea and an increase of 5000 tons in Wuxi. It is reported that some local aluminum ingots flow into eastern China due to the implementation of environmental protection production restrictions in Gongyi area. "View details
[SMM analysis: the average price of caustic soda export decreased by 25% from January to October 2020.] according to customs data, China's total caustic soda export volume in October 2020 was 113200 tons, an increase of 42.2% from the previous month and a decrease of 28.8% over the same period last year. China's total caustic soda export from January to October 2020 was about 1.0148 million tons, an increase of 2.1% over the same period last year. Judging from the total data from January to October, the total export volume for the whole year is expected to be about 1.15 million tons, a slight increase, but the export price has dropped significantly, with the unit price falling by 80-110USD / ton compared with last year's average price, a drop of about 25 per cent. "View details
[SMM Analysis: investigation and arrangement of domestic and Foreign Zinc concentrate production in 2020] according to SMM statistics, the output of overseas key mining enterprises reached 5.3895 million metal tons in 2020, an increase of 5900 metal tons over 2019. According to the financial reports of overseas mining companies, after the overseas epidemic broke out in the second quarter, mines in some countries affected by the epidemic reduced their production, resulting in a sharp drop of 300500 metal tons to 1.0921 million metal tons in the second quarter compared with the first quarter. "View details
[SMM survey: the environmental impact of galvanizing enterprises in the northern heating season is ongoing.] recently, there have been a lot of environmental inspections in northern China. Which areas are mainly inspected for galvanizing enterprises this week? How does it affect? The SMM survey is as follows. "check the details."
[SMM brief comment: constraints still exist. Can the three consecutive rises of zinc in Shanghai hit a new high? Recently, the low dollar index has superimposed optimistic market expectations of US fiscal stimulus negotiations and boosted zinc prices. "View details
[SMM newsletter: the winter transportation stops early or it is a rumor that the electrolytic nickel market will be limited] SMM analysis believes that for the electrolytic nickel market, as the main domestic inventory is currently in Jiangsu, Zhejiang and Shanghai, no matter whether the rumors are true or not, it has little impact on users who pick up goods independently. There will be a wide range of rain and snow before the Spring Festival, and the delivery time of Jinchuan nickel may be delayed by about 2-3 days. The current market price for freight from Gansu to Shanghai is about 600-630 yuan per ton. if vehicles are tense before the Spring Festival, according to the situation in previous years, the freight or the most goods will rise to about 700-800 yuan / ton. In addition, considering that manufacturers can transport by railway and ship the goods directly to Shanghai. As a result, winter transport concerns may have a limited impact on the electrolytic nickel market. "View details
SMM brief comment: what signal are you waiting for at the Shanghai Nickel 130000 pass? The loose macro positive in Europe and the United States has pushed up the nickel price to a high level, while the increasing short pressure after overdraft macro positive in the short term is also accumulating. SMM expects Shanghai Nickel this week. "View details
[SMM analysis: black collective upward iron ore rose 2.6% policy negative risk ignored by bulls? According to the calculation of SMM158.8 Meimei Gold Mine, the hot coil profit of domestic long process steel mill is still about 250yuan / ton, and the lumber profit is still good. Considering the high performance-to-price ratio, most steel enterprises have increased demand for high-grade fine ore and lump ore. In addition, there are still some domestic steel enterprises blast furnace production in December, for iron ore prices continue to provide support, the spot market price as a whole is still easy to rise and difficult to fall. "View details
[SMM billet commissioning rate: East China raw material shortage and regional power cuts have dragged down the overall electric furnace operating rate] according to SMM research, as of December 16, the operating rate of billet steel mills was 67.33%, down 6.67 percentage points from 74% in mid-November. Mainly because. "View details
[SMM hot roll inventory: downstream production is on the verge of loss steel mills keep pushing price momentum unabated! The total inventory of hot-rolled coil this week is 2.9452 million tons, compared with-30500 tons last week,-1.02% compared with the previous week, and + 24.68% compared with the same period last year. Total hot rolling inventory continued its decline this week, which was significantly narrower than last week. "View details
[SMM newsletter: it is rumored that the ferroalloy industry has not been affected by the early suspension of winter transportation.] according to SMM, the market rumors that Inner Mongolia, Tianjin and other regions will begin to stop logistics from January 5 to January 15. Silicon, manganese, ferrochromium related operators heard the rumors of the suspension of transport in January, but mostly said that no matter whether the news is true or not. "check the details.
[SMM data: China's output of ternary materials in November 2020] China's output of ternary materials in November 2020 was 28000 tons, up 12.6 percent from the previous month and 138.3 percent over the same period last year. Orders in the power market continued to increase this month, mainly due to the rush-loading behavior of terminal car enterprises and rising consumer demand, the order volume of head battery enterprises continued to increase, some head ternary material enterprises were close to full production, and superimposed new ternary materials began to be put into production, and the output of ternary materials increased month-on-month this month. "View details
[SMM analysis: the proportion of 5G mobile phone shipments continues to increase. Lithium cobalt prices are expected to rise slightly in the next 2-3 months and then fall back] Lithium cobalt production decreased by 6% month-on-month in November, and mobile phone shipments are expected to decrease from January to February in 2021. SMM expects mobile phone shipments to decline from December to February, with 5G phones continuing to grow. "View details
[SMM analysis: terminal air conditioning industry continues the good trend and leading profits are expected to usher in a new round of repair] Air conditioning export orders have surged, due to repeated overseas epidemics, long-term home has greatly increased the demand for household appliances, while overseas factories have been unable to return to normal operating conditions, and some orders have been returned to China, thus contributing to a sharp increase in exports, which is higher than the domestic demand market and has become an important force driving the growth of the industry. The operating rate of copper pipe enterprises is expected to be 82.15% in December, up 1.52% from the previous month and 5.46% from the same period last year. "View details
[SMM Analysis: China's Electrolytic Manganese production Statistics and Terminal demand updating in 2020] according to SMM statistics, China's electrolytic manganese production capacity in 2020 was 2.567 million tons, a slight decrease of 2.58 percent compared with last year's total production capacity. In addition, the total domestic electrolytic manganese production in 2020 was about 1.3027 million tons, a significant decrease of 14.86 percent compared with 2019. "View details
[SMM Research: upstream and downstream docking Seminar on expanding magnesium applications held in Beijing] on December 11, the Department of Raw Materials Industry of the Ministry of Industry and Information Technology and the magnesium Branch of the Nonferrous Metals Industry Association held a seminar on expanding the upstream and downstream docking of magnesium applications. Representatives of 8 upstream and downstream backbone enterprises, including Wanfeng Ote, Shanxi Yinguang, Henan Dewei, FAW Group, and CRRC Qingdao Sifang, attended the meeting. "View details
Important news of metals and industry
[Rio Tinto confirms Oyu Tolgoi expansion cost US $6.75 billion to be put into production by the end of 2022] global mining giant Rio Tinto said on Wednesday that the underground expansion project for the Oyu Tolgoi (Oyu Tolgoi) copper and gold mine in Mongolia costs US $6.75 billion, and Rio still has differences with its controlling turquoise mountain resources company (Turquoise Hill Resources) over the financing of the mine. The Oyu Tolgoi copper and gold deposit project, located in the southern Gobi area of Mongolia, is one of the largest known copper and gold deposits in the world. "View details
[Homei New Materials and Kaisa Group signed a strategic cooperation agreement] recently, Homei New Materials formally signed a strategic procurement contract for aluminum profiles in 2020-2022 with Kaisa Group (southwest region). It is understood that Kaisa Group holding Co., Ltd., founded in 1999 and headquartered in Hong Kong, is a large comprehensive investment group in China. Haomei New Materials and Kaisa Group have always maintained a stable strategic cooperative relationship. Work together to create high-quality real estate projects.
[the Guinean Ministry of Mines agrees with Lindian Resources to acquire a 61 per cent stake in the Woula bauxite project] recently, Lindian Resources, a bauxite developer listed on the Australian Stock Exchange, has obtained the consent of the Guinean Ministry of Mines to strategically acquire a 61 per cent stake in the Woula bauxite project. Lindian believes that Woula has the ability to transport ore directly and can rely on the transport and export infrastructure of the Guinean bauxite industry. Lindian will evaluate various infrastructure and production options and will hold business discussions with relevant infrastructure owners to seek access to the roads and ports needed to build a million tons of ore directly each year.
[Nandu Power won the bid for China Telecom lead-acid Battery Collection Project] China Telecom announced on the 17th that Nandu Power is the first winning candidate for the common valve-controlled sealed lead-acid battery (2020) centralized procurement project. The bid quotation (total price and tax) is 946 million yuan, and the publicity period is from December 18 to 21, 2020.
[Bazhou Public Security arrested five illegal purchasers of Hazardous waste] since the launch of the "Liangjian 2020" crackdown and rectification campaign, the Bazhou Public Security Bureau has comprehensively stepped up efforts to touch clues and severely crack down on illegal sales, recovery of dangerous substances, and other illegal and criminal acts that seriously damage the ecological environment. Recently, after careful investigation, the Chengxi Police Station of the Urban Sub-Bureau has continuously investigated and dealt with a number of cases of illegal acquisition of hazardous waste. Five violators were cracked down on and dealt with.
[the national standard of "recycled iron and steel raw materials" will be implemented in 2021] the national standard of "recycled iron and steel raw materials" has been officially released recently and will be formally implemented on January 1, 2021. The national standard plan "recycled Iron and Steel Raw Materials" is reported and implemented by TC318 (National Pig Iron and Ferroalloy Standardization Technical Committee), and the competent department is China Iron and Steel Association. Proposed implementation date: 2021-01-01. "View details
[Shanxi iron and steel enterprises try out the ultra-low emission differential electricity price policy, with a maximum price increase of 0.06 yuan per kilowatt-hour.] from January 10, 2021, Shanxi will implement a trial ultra-low emission differential electricity price policy for the province's iron and steel industry, stipulating that for iron and steel enterprises in the province that fail to complete the ultra-low emission transformation, the electricity consumption policy will be implemented for the production of electricity purchased through the network. The price increase will be stopped until the ultra-low emission transformation task is completed and the price increase is stopped after passing the evaluation and monitoring.
[Vale Announces early extension of Railway concession] Vale announced that its board of directors has approved the revised terms of the early extension of the concession agreement between the (EFC) of the Caracas Railway and the (EFVM) of the Victoria-Minas Railway, under which the concession of the two railways will be extended for 30 years after the original agreement expires in 2027. "View details
[Huayou New Energy has an annual production capacity of 50,000 tons of high-nickel power battery ternary precursor project] on December 8, the launching ceremony of the ternary precursor project of high-nickel power battery with an annual output of 50,000 tons was held by Huayou New Energy Technology (Quzhou) Co., Ltd. Chen Yaozhong said in his speech that this project is the opening work of Huayou's 14th five-year Plan, a key measure to realize Huayou's development strategy of "two new and three modernizations", and the layout of the global automobile industry chain by Huayou New Energy Industry Group. an effective support and milestone for winning high-end customers, high-end products, and breakthroughs in production and marketing scale. "View details
The world's largest gold ETF--SPDR Gold Trust position is down 2.33 tons, or 0.2%, from the previous day, and the current position is 1167.82 tons.
Recently, the Science and Technology Department of the Ministry of Industry and Information Technology issued 19 industry standards related to rare earths. The industry standard of dysprosium and terbium metal targets drafted by northern rare earths is among them.
[Starr semiconductors: plans to invest 229 million yuan in the construction of full silicon carbide power module industrialization project] Starr semiconductors announced that the company intends to invest in the construction of full silicon carbide power module industrialization project in the existing plant area of Jiaxing Sida Semiconductor Co., Ltd. the project plans to invest 229 million yuan in the construction of an annual production line and R & D and testing center of 80, 000 car gauge-grade silicon carbide power modules. The project will be invested step by step according to the market demand. The construction period of this project is 24 months.
A series of heavy positive policies for domestic chips will be exempted from income tax for up to 10 years! The Ministry of Finance, the State Administration of Taxation, the National Development and Reform Commission and the Ministry of Industry and Information Technology issued a notice on enterprise income tax policies to promote the high-quality development of integrated circuit industry and software industry. The announcement points out that integrated circuit design, equipment, materials, packaging, testing and software enterprises encouraged by the state shall be exempted from enterprise income tax from the first to the second year starting from the profit-making year, and the enterprise income tax will be halved at the statutory rate of 25% from the third to the fifth year. "View details
Macro focus
[monetary policy focuses on maintaining reasonable and abundant liquidity] the central bank is still following the concept of "combining the long and short, cutting peaks and filling valleys", and by adjusting the strength and rhythm of policy tools such as MLF and open market operations, maintain short -, medium-and long-term liquidity supply and demand balance, and guide market interest rates to operate smoothly around policy interest rates. The central bank is expected to maintain the current policy mix in the next stage: on the one hand, maintain reasonable and abundant liquidity in the narrow sense, "neither let the market run out of money nor let the market's money overflow"; on the other hand, "keep the general floodgate of the money supply well. Keep the growth rate of the broad money supply and the scale of social financing basically in line with the growth rate of nominal GDP that reflects potential output."
[the number of confirmed cases confirmed by COVID-19 in the United States has increased by more than 260000 in 24 hours, and the number of deaths has increased by 3276.] according to statistics from Johns Hopkins University in the United States, as of 16:27 on December 17, US Eastern time, the cumulative number of confirmed cases by COVID-19 in the United States reached 17149231, with a total of 309947 deaths. In the past 24 hours, there have been 264008 new confirmed cases and 3276 new deaths in the United States.
[us FDA expert group: the advantages of Moderna novel coronavirus vaccine outweigh the disadvantages] with 20 votes in favor, no opposition, and 1 abstention, the US Food and Drug Administration (FDA) consultant group concluded that the data of the Moderna COVID-19 vaccine trial showed that the advantages of vaccination with the company's vaccine would outweigh the disadvantages.
(the US Senate says it needs to extend the short-term spending bill to avoid a government shutdown) Senate Majority Leader Mitch McConnell (Mitch McConnell) said in a speech in the Senate on December 17 that as the weekly interim spending bill expires at midnight on the 18th, Congress is likely to need to work overtime over the weekend and extend the short-term spending bill to avoid a government shutdown. Lawmakers are reportedly discussing extending the short-term spending bill to avoid a government shutdown and allowing more time for government officials to pass a bailout deal.
Terminal information
[LG Chemical may deliver ultra-high nickel battery domestic Model Y next year.] according to industry reports quoted by South Korean media ETNews, LG Chemical plans to supply Tesla with its ultra-high nickel NCMA battery in the coming year, whose nickel content has increased to 90%, while cobalt content has been reduced to less than 5%. It can provide a range of at least 600km on a single charge, which is higher than the 500km currently on the market. "View details
[Volkswagen will upgrade its largest factory to compete with Tesla's Berlin plant] Volkswagen CEO Herbert Deiss (Herbert Diess) told executives of the company that it would upgrade its domestic plant in Wolfsburg, Germany, with the latest electric vehicle technology and software operations to counter the new plant Tesla is building near Berlin, according to people familiar with the matter. The factory is the largest car manufacturing plant in the world, producing more than 800,000 cars a year. Deiss's goal is to get the Wolfsburg plant to meet Tesla CEO Elon Musk's goal of reducing production time per car to 10 hours, according to people familiar with the matter. "View details
[pan-semiconductor industrial base project signed in Jiangsu Xuzhou Economic and technological Development Zone] recently, the pan-semiconductor industrial base project of Tiantong High-tech Group signed a contract in Jiangsu Xuzhou Economic and technological Development Zone. The pan-semiconductor industrial base project of Tiantong High-tech Group, with a total investment of 6 billion yuan, mainly develops new electronic materials, electronic component modules, high-end special equipment and other industries in the development zone. "View details
[slowly entering the European market Xiaopeng delivers the first electric cars to Norway] Xiaopeng, which has soared since its launch in the United States in August, delivered its products to Norway for the first time, marking the beginning of the Chinese company's entry into the European market. Guangzhou-based Xiaopeng has begun delivering the first 100 G3 SUVs to customers in Norway, where electric vehicles have a major market share. The model starts at 358000 kroner ($41000).
[Japan plans to double the subsidy for the purchase of electric vehicles to a maximum of 800000 yen] the Japanese government plans to double the subsidy for the purchase of pure electric vehicles to a maximum of 800000 yen (about 50470 yuan). To promote the popularity of pure electric vehicles and reduce greenhouse gas emissions. Subsidies for plug-in hybrid cars will also double to 400000 yen. Together with subsidies provided by local governments, it means that subsidies for some models will be close to 1/3 of the price.
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