2021SMM South China Nonferrous Metals Industry Annual meeting invites you to get together in Foshan in December!
SMM Tin Morning News: in the near future, we need to pay attention to the impact of delivery on the spot market and changes in inventory data, but in the current stable relationship between supply and demand, spot water to maintain a high level of the case, the short-term trend to maintain a high probability of shock. In the long run, the demand is expected to improve, and under the premise of the large current price gap, the trend of the main contract is still on the strong side.
"short sellers left the market and opened positions higher in Shanghai and tin, reducing the trend and stabilizing [SMM tin morning news]
"Click to view the price of SMM tin products
Minutes of SMM Steel Morning meeting: yesterday, Lianhe Railway fell sharply, with the lowest price reaching 489.2, down 4.28% throughout the day; the port spot market quotation fell 10 yuan in early trading compared with yesterday. Some traders have loosened their prices as the market has fallen, while steel mills are still buying on demand. The spot transaction at the port is mediocre. The turnover of PB powder in Shandong was 570 yuan / ton, down 20-25 yuan / ton. The turnover of PB powder in Tangshan area is 565-570. This week, the operating rate of blast furnace calculated by SMM was 79.49%, down 0.17% from the previous week.
"Market sentiment cautious hot rolling mill warehouse affects two weeks [minutes of SMM Steel Morning meeting]
"Click to view the price of SMM steel products
The dollar retreated slightly from near a 16-month high on Thursday, closing down 0.26%. For crude oil, oil prices rose slightly on Thursday after falling to a six-week low.
The decline of the US dollar relieved some pressure on the metal market, which was mixed. Lun copper rebounded on Thursday, reversing its previous three-game diving trend and closing up 1.25%. Lunni and Lunxi both rose more than 1%, with Lunni leading the way with an increase of 1.53%. Shanghai Nickel also did not want to lag behind, rising more than 2.8% at one point in intraday trading, and finally led the two markets higher by 2.18%. Lead prices, which have been on a downward trend since October 27, closed down another 1.54 per cent yesterday, recording a fifth consecutive negative. The black department was "completely wiped out", all recorded varying degrees of decline, thread, iron ore fell by more than 1%, hot coil fell by more than 3%.
"[overnight] Metals rise and fall Copper rebounded after three consecutive diving, Shanghai Nickel rose more than 2% and led the two markets higher.
"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 closed mixed on Thursday, with the Dow down 60.10 points, or 0.17%, at 35870.95, the Nasdaq up 72.14 points, or 0.45% at 15993.71, and the S & P 500 up 15.87 points, or 0.34%, at 4704.54.
[SMM analysis: copper enterprises are in a "dilemma" in the "storm" of rising costs. In late September, the state began to implement the policy of regional power and production restrictions, and the haze of power restrictions and production restrictions nationwide did not dissipate until the beginning of November. Under the tight energy situation, since mid-October, electricity and natural gas prices in various provinces and cities have risen to varying degrees. According to SMM research, industrial electricity and gas prices in Zhejiang, Anhui, Shandong, Jiangsu and other provinces have risen by more than 20% and 40% respectively, and the production costs of the copper industry and copper rod downstream processing industry have increased significantly. Previously, under the opportunity of power restriction and production restriction, the production cost has risen. How does the processing fee of each industry change in the near long order negotiation? Is there room for growth in the future? The SMM Copper Research Group will bring you the latest market news. "check the details.
[SMM aluminum downstream weekly survey: the start of the leading original aluminum processing enterprises will increase slightly and the follow-up start will become stable] SMM, November 18, 2021: this week, the operating rate of downstream aluminum processing enterprises remained stable, with the operating rate of primary processing enterprises slightly increased by about 0.7%, and the start-up of the recycled aluminum industry decreased by about 3.1%. Among them, in terms of primary consumption, the start-up growth of primary alloys stems from the shortage of spot supply in the market brought about by the production reduction in the early stage, and the room for continuous growth is limited. "check the details.
[SMM analysis: can alumina prices stop falling and stabilize? As of November 18, the SMM alumina weighted index was down 10% from early November, giving up all its gains since early 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 downside channel in the short term. "check the details.
[national aluminum bar inventory weekly review: aluminum bar inventory decreased by 11700 tons to 100500 tons compared with last Thursday] the latest aluminum bar inventory data from SMM statistics show that aluminum bar inventory has decreased by 11700 tons to 100500 tons compared with last Thursday, a decrease of 10.43%. So far, aluminum bars have been in storage for five consecutive weeks. This is still the contribution of Foshan and Wuxi. Inventory in Foshan decreased by 6500 tons, or 14.44%, compared with last week. "check the details.
[SMM data: domestic electrolytic aluminum social inventory increased by 31000 tons to 1.038 million tons] November 18, SMM statistics domestic electrolytic aluminum social inventory of 1.038 million tons, a weekly increase of 31000 tons, Wuxi, Gongyi and Shanghai areas continue to accumulate storage, the South China Sea area performance to warehouse, need to continue to pay attention to the recent consumption of goods. "check the details.
[SMM Analysis: Indonesian Government issues another "Nickel" ban? According to Bloomberg news, Indonesian President Joko Widodo (Joko Widodo) is determined to eventually stop the export of all raw materials and only ship finished goods, in order to create jobs and improve Indonesia's trading position. In a speech today, he said that despite opposition from the European Union, the country would continue to ban shipments of nickel ore because refining the metal could create an added value of up to $35 billion. "View details
[SMM Analysis: heavyweight! The two major lithium electricity specification documents of the Ministry of Industry and Information Technology have been released! SMM, November 18: on November 18, in order to further strengthen the management of the lithium-ion battery industry and promote the transformation, upgrading and technological progress of the industry, the Electronic Information Department of the Ministry of Industry and Information Technology issued a public solicitation for comments on the Lithium-ion Battery Industry Standard conditions (2021) (draft for soliciting opinions) and the Administrative measures for the Regulation of the Lithium-ion Battery Industry (2021) (draft for soliciting comments).
[SMM analysis: artificial graphite production capacity is limited due to the impact of power cuts, natural graphite may be increased by doping] at present, the impact of graphitization capacity in the country is still about 30% and 40%. In addition, many graphitization expansion projects are also delayed or postponed. Graphitization processing is critical to artificial graphite (negative electrode material). As the demand for downstream lithium batteries increases month by month, negative graphitization capacity is also becoming more and more important for battery companies. "check the details.
"Click to view the price of SMM cobalt lithium products
[SMM comment: does the termination of Indonesia's anti-dumping review have an impact on imports and exports? SMM, November 5: according to the SMM, the introduction of the anti-dumping policy will have a greater impact on imports in 2019, but since 2020, Indonesia has put into production and imports have also increased, mainly from semi-finished stainless steel. And in fact, Indonesia Guangqing's application to terminate the anti-dumping review investigation has no significant impact on the current import situation and the implementation of the anti-dumping policy. "check the details.
[SMM Daily Review: cost drop high-carbon ferrochromium prices continue to decline] November 18, today, Inner Mongolia high-carbon ferrochromium quotation 9600-9800 yuan / 50 base tons, the actual transaction price has been as low as 9500 yuan / 50 base tons; coke prices have fallen continuously, ferrochromium costs have declined, and the downward space for high chromium prices has increased; high-carbon ferrochromium production is expected to continue throughout the country, iron factories still have certain profits, power cuts have basically ended, and the operating rate has generally increased in various places. The recent consumption of stainless steel is poor, coupled with the annual output restriction policy of steel mills, it is expected that the output of steel mills will not increase in the near future; the market for high-carbon ferrochromium is gradually oversupplied, and prices are expected to remain weak in the near future. "check the details.
[SMM hot coil inventory: market sentiment cautious hot rolling mill warehouse affects two weeks] this week's total hot rolled coil inventory of 3.2714 million tons, compared with last week-11200 tons, month-on-month-0.34%, year-on-year-5.14%. The decline of total hot rolling inventory and social inventory narrowed month-on-month this week, and in-plant inventory continued to accumulate. "View details
[SMM thread inventory: production continues to decline factory inventory increase to decline] the current price consolidation operation during the thread period this week. On the supply side, the profits of some steel mills in East China have rebounded, and the enthusiasm for production has increased slightly. However, due to problems such as production losses, greater pressure on factories and warehouses, and environmental protection restrictions, steel mills in northwest and southwest China have reduced production in a large area, and the overall output of building materials has decreased by 4.3% compared with the previous month. The performance on the demand side was relatively mediocre, basically flat compared with last week, while inventories remained on a downward trend. "View details
[SMM coke market depth analysis: will the pace of coke price reduction slow down at the meeting held by the China Coke Association] since November 16, Tangshan has launched a level II emergency response to heavy pollution weather, steel production has been hit hard, and the demand for coke continues to remain low. even if the China Coke Association holds a meeting, it is difficult for coke prices to stop falling and stabilize, and the downward trend of coke prices will continue. But it is inevitable for steel mills to slow down the pace of coke price reduction, and the rate of price reduction may no longer be 200 yuan / ton per round, but may be changed to 120 yuan / ton before. "check the details.
[SMM analysis: Wulanchabu may rebound in the price of reducing silicon and manganese production? In view of the fact that the current "work Plan for off-peak production of Iron and Steel Industry in Hebei Province in the heating season 2021-2022" requires steel enterprises in Hebei Province to limit production by 30% from November 15, the alloy market has exceeded demand, coupled with high ferroalloy prices in Inner Mongolia. Wulanchabu ferroalloy industry and other major products have suffered serious losses, and various key production enterprises have reached an agreement through consultation. "check the details.
[SMM comment: Huayuan County and Southern Manganese Industry Group signed a strategic cooperation agreement] SMM on November 18, yesterday, Southern Manganese Industry Group Co., Ltd. went to Huayuan County to conduct an investigation and inspection forum. Liao Lianghui, deputy secretary of Xiangxi prefecture party committee and secretary of Huayuan county party committee, and Li Weijian, party committee secretary, chairman and general manager of Southern Manganese Industry Group Co., Ltd. Liao Lianghui pointed out that Huayuan is rich in resources, convenient transportation and preferential policies, and is a political highland, Xiangxi living room, resource treasure house and investment depression. "check the details.
[SMM comment: the high price of manganese is expected to fall significantly] SMM on November 18, the average price of electrolytic manganese dropped to about 41000 yuan / ton as a whole. Affected by the release of information about power outages in Xiushan area, manufacturers went to the treasury at low prices before the end of the month to talk about the obvious willingness to close a deal. At present, the trend of high manganese prices is obvious. In addition, overseas steel prices fell month-on-month in November, prompting the demand side to maintain a falling mentality. SMM believes that manganese prices are stable and weak in the second half of the week. "check the details.
[SMM Daily Review: low-grade metal silicon replenishment slows] SMM November 18: today, some specifications of metal silicon continue to rise slightly, East China oxygen-free 55 silicon in 26000-26500 yuan / ton, a slight increase of 500 yuan / ton compared with yesterday, a total increase of 4750 yuan / ton in a week. As prices continue to rise, downstream aluminum alloy enterprises continue to be less willing to receive goods. "View details
[SMM analysis: what will be the domestic molybdenum price in the second half of November after bidding for steel mills? SMM, November 18: according to SMM, the bidding price of domestic mainstream steel mills has fallen sharply again from the 17th to 18th, including Qingshan Indonesia 300t ferromolybdenum bid price of 126500 yuan / ton, Zhangjiagang Posco 120t ferromolybdenum tender price of 127000 yuan / ton, the domestic ferromolybdenum steel bidding price officially entered the "120000 yuan era".
"Click to view the price of SMM rare earth products.
[the annual output of 150000 tons of low-consumption pre-baked anode project was successfully signed] on the morning of November 18, Shandong Chenyang New carbon material Co., Ltd. signed a contract with Shandong Yinwang carbon Technology Co., Ltd. on the "annual output of 150000 tons of low-consumption pre-baked anode project". The 150000-ton low-consumption pre-baked anode project, with a total investment of 876 million yuan, is located in the New material Industrial Park of Canal Economic Development Zone and in the courtyard of Chenyang Company, the core subsidiary of carbon Group, which is a "zero increase land" technical transformation project. After the completion of the project, it will become the only low-consumption anode production line in China, with an annual output value of 1 billion yuan and a profit and tax of 180 million yuan, which is of great significance for the industry to reach the "double carbon standard".
[Shuangliao Haohua Chemical Industry 200000 ton ionic membrane caustic soda plant was successfully relocated] on November 17th, the overall relocation project of Shuangliao Haohua Chemical Co., Ltd., an annual capacity of 200000 tons of ionic membrane caustic soda plant, was successfully put into operation. The overall relocation project of the company's ion-exchange membrane caustic soda plant with an annual output of 200000 tons is the No. 1 key project in Shuangliao City and Siping City. This project has been included in the major project database of the National Development and Reform Commission, and it is also the first batch of guided planning projects of the Ministry of Industry and Information Technology. Jilin Province clearly put forward in the 14th five-year Plan to build Shuangliao chlor-alkali chemical industry base. The project is to be divided into three phases, with a total investment of 1.72 billion yuan and a total area of 800000 square meters, of which the first phase invests 498 million yuan and covers an area of 106000 square meters. The company's main products are: annual output of 200000 tons of ionic membrane caustic soda, 178000 tons of chlorine, 160000 tons of food-grade high-purity hydrochloric acid, 20, 000 tons of sodium hypochlorite, 56 million cubic hydrogen and so on. After the completion of the first phase of the project, it can achieve an annual output value of 1.5 billion yuan and profits and taxes of 500 million yuan.
On November 18 this year, the Ministry of Commerce announced that the Ministry of Commerce issued notice No. 31 of 2019, deciding to implement anti-dumping measures on imported stainless steel billets and hot-rolled plates / coils originating in the European Union, Japan, South Korea and Indonesia for a period of five years from July 23, 2019. On September 30, the Ministry of Commerce decided to terminate the anti-dumping investigation during the dumping and dumping margin applicable to imported stainless steel billets and stainless steel hot-rolled plates / coils produced by Indonesia Guangqing Nickel Co., Ltd.
[the carbon peak implementation plan for the iron and steel industry will be released in the near future] he Wenbo, executive president of the China Iron and Steel Association, said that the carbon peak implementation plan for China's iron and steel industry and the formulation of the carbon neutralization technology roadmap have been basically completed. it will be announced to the public in the near future and will be fully implemented.
[Yicheng County held the launching ceremony of Yicheng Iron and Steel New material Park] on November 15, Yicheng County held the launching ceremony of Yicheng Iron and Steel New material Park, indicating that the construction of Yicheng Iron and Steel New material Park has entered a substantial promotion stage. It is understood that the Yicheng Iron and Steel New material Park is a key arrow in the "three arrows", which mainly includes the Jinnan Iron and Steel Yicheng boutique base project and the 40,000t / a high-performance carbon negative electrode material and coking transformation and upgrading project in Minguang, Shanxi, with a total investment of 15 billion yuan. after completion, it can achieve an annual output value of more than 30 billion yuan. Strive to build a green traditional industrial cluster integrating coal chemical industry, high-quality steel and new carbon negative materials during the 14th five-year Plan period. At present, the project has been listed as a provincial key project, the asset acquisition of the former Yigang Company has been completed, various formalities and related preliminary work have been continuously promoted, and the infrastructure construction of the park has been continuously improved. it has created favorable conditions for the early landing of major projects.
At present, the East opencast Coal Mine of China Coal Pingshuo Group has been approved to increase its production capacity from 20 million tons / year to 25 million tons / year, and the company will disclose the details of the capacity increase in subsequent periodic reports. Daise Coal Mine of China Coal Shaanxi Company is actively promoting the first mining job interview production work, and is expected to enter joint trial operation in the second half of 2022.
[executive meeting of the State Council: setting up 200 billion yuan of special re-loans to support clean and efficient utilization of coal] Premier Li Keqiang of the State Council presided over an executive meeting of the State Council on November 17, which examined and adopted the 14th five-year Plan to promote the national government informatization plan. speed up the construction of a digital government and improve the level of government services; decided to set up special re-loans to support clean and efficient use of coal to promote green and low-carbon development. "View details
[trends in overseas Mines] Rio Tinto releases its production performance report for the third quarter of 2021. Iron ore shipments at Rio's Pilbara mine were 83.4 million tonnes in the third quarter, up 9 per cent from a month earlier and 2 per cent year-on-year, according to the report. The mine produced 83.3 million tons of iron ore in the third quarter, up 10 per cent from a month earlier and down 4 per cent from a year earlier. It is mainly affected by the management of cultural heritage, the start-up of brownfield capacity replacement projects and the delay in completion. In addition, Rio Tinto said that due to labour shortages in Western Australia, there was a slight delay in the completion of the Kudai new green space project and the Luopo Valley Brown property replacement project. Annual shipments of iron ore from the Pilbara mine are expected to be 320 million to 325 million tons in 2021. At the same time, the annual production target of Canadian iron ore company (IOC) pellets and fine powder was lowered to 9.5 million-10.5 million tons (previously 10.5 million-12 million tons).
[Nanjing Iron and Steel Indonesia Jinrui Coke Project is progressing smoothly] at 08:58 on November 17th, Nanjing Iron and Steel Indonesia Jinrui Coke Project officially started chimney drying at the front of the oven. with the concern and support of relevant parties, the project is unswervingly working towards the goal of producing red coke by the end of the first coke oven. The joint venture between Nanjing Iron and Steel Group and Qingshan Group to invest in the construction of Indonesian coke project in Qingshan Industrial Park of Central Sulawesi Province in Indonesia (hereinafter referred to as Indonesia) is one of the important measures for Nanjing Iron and Steel Group to actively respond to the initiative of "Belt and Road Initiative" and implement the pattern of domestic and international double-cycle development. make every effort to build overseas raw material production bases and make greater contributions to a good start and a good start for the 14th five-year Plan. This project is the first overseas industrial project in the development history of Nanjing Iron and Steel Co., Ltd., an important measure of the globalization development strategy of the "14th five-year Plan", and has far-reaching significance to the overseas industrial development of the enterprise.
[Millennial bidding war is over! Lithium Americas, a company owned by Gan Feng, beat Ningde Times with US $400m.] on November 17th, Lithium Americas and Millennial Lithium announced that they had reached a final arrangement agreement, (LAC Arrangement Agreement). Under the agreement, Lithium Americas agreed to acquire all outstanding shares of Millennial at a price of C $4.70 per share, which will be paid through Lithium Americas's common shares and C $0.001 per share in cash for a total price of approximately $400m. Based on Lithium Americas's closing price on Nov. 16, Millennial shareholders will own about 9.1% of Lithium Americas. "View details
[Mount Qomolangma, Tibet: the Angeles Salt Lake project is still in the early development preparation stage] according to the announcement of Mount Qomolangma in Tibet on November 17, the company recently signed the Investment Agreement on the industrialized Development Project of Salt Lake Resources in Salta Province with the government of Salta Province. The company and its subordinate companies will invest about 700 million US dollars in Argentina in 2022 to build an annual production capacity of 50,000 tons of lithium carbonate products in the Anheles Salt Lake in Salta Province. Construction of the project is scheduled to begin by the end of 2021 and is expected to be completed by the end of 2022. The company prompts the risk that at present the company's Angeles Salt Lake project is still in the preparatory stage of development and can not achieve benefits in the short term.
[the United States resumes 201 tariff exemption for photovoltaic modules export boost or silicon price support] after the "decompression" of the US photovoltaic import policy to China, it is expected to boost the export supply to the United States again. Some analysts said that export demand to stimulate module production capacity, superimposed the fourth quarter of the domestic photovoltaic installation season, in the short term to enlarge the short board of silicon supply, is expected to form a new support for silicon prices. From the price point of view, the rise of silicon wafers is basically in line with that of silicon materials. "View details
[China's exports of rare earths and their products rose 9017 tons in October from a year earlier.] the latest statistics released by the Chinese Customs show that exports of rare earths and their products in October were 9017 tons, up 52.9 percent from a year earlier.
Terminal information
[the Ministry of Transport issues the Development Plan of the 14th five-year Plan for Integrated Transport Services to promote the large-scale application of new energy vehicles.] on November 18, the Ministry of Transport issued the Development Plan of the 14th five-year Plan of Integrated Transport Services, which mentioned that great efforts should be made to develop clean transport equipment. Promote the clean, low-carbon and efficient development of the transportation energy power system, and optimize the traffic energy structure. We will actively promote the application of new and clean energy vehicles and ships in the field of transport services, and increase policy support for operation, traffic, parking and charging. We will speed up the planning, layout and construction of infrastructure such as recharging and hydrogenation. The national ecological civilization experimental area and the key areas for the prevention and control of air pollution add or update the proportion of new energy vehicles in public transportation, rental, logistics and distribution vehicles to no less than 80% every year. We will do a good job in the battle to control the pollution of diesel trucks, and encourage all localities to take measures such as economic compensation, restrictions on use, and strengthening supervision and law enforcement to promote the renewal and elimination of high-emission operating vehicles. Strictly implement national and local pollutant control standards and ship discharge zone requirements, and promote qualified ships to use shore electricity in accordance with regulations after landing at the port. Continue to promote the green and lightweight development of mail express packaging. "View details
[Ministry of Industry and Information Technology issues Lithium-ion Battery Industry Standard conditions and Management measures for soliciting opinions] the Electronic Information Department of the Ministry of Industry and Information Technology solicited opinions on "Lithium-ion Battery Industry Standard conditions (2021)" (draft for soliciting opinions) and "measures for the Administration of Lithium-ion Battery Industry norms (2021)" (draft for soliciting opinions) at the same time. The Standard conditions of Lithium Ion Battery Industry (2021) (draft for soliciting opinions) proposes that lithium-ion battery enterprises and projects should meet the requirements of laws and regulations such as national resources development and utilization, ecological environment protection, energy-saving management, and production safety. It meets the requirements of the national industrial policy and relevant industrial planning and layout, and meets the requirements of local land and spatial planning and special planning for ecological environment protection. To meet the "three lines and one single" eco-environmental zoning management and control requirements. Guide enterprises to reduce manufacturing projects that simply expand production capacity, strengthen technological innovation, improve product quality, and reduce production costs. "View details
On November 17, 2021, Ruipu Energy Co., Ltd. (hereinafter referred to as "Ruipu Energy") and Greenmei Co., Ltd. (hereinafter referred to as "Green Mei") concluded a strategic partnership, and the signing ceremony was successfully held at Ruipu Energy's Wenzhou headquarters. The two sides join hands to build a life-cycle green management system for lithium-ion batteries to form a first-class model for green recycling of lithium-ion batteries that meets the requirements of global green management of new energy. Lay the foundation for the development system of all-green new energy industry.
[wooden Sister: Tesla may occupy more than 20% of the car market in the next five years] in recent years, Casey Wood (Cathie Wood), founder of Ark Investment Management company (ARK investment Management), known as the queen of the bull market, boldly predicted, "if Tesla takes the lead in self-driving in the United States, we will be able to believe that Tesla will not only occupy the largest share of the electric car market. It will also account for 20% and 25% of the entire auto market in the next five years.
[BYD "Battleship" is a new car or "Destroyer 05" will hit 1 million new energy targets next year. Two months after registering the trademark of the marine "battleship" series, according to BYD insiders, BYD's ocean and dynasty series of new cars will be unveiled at the 2021 Guangzhou Auto Show, which opens on November 19th, hitting the sales target of 1 million-1.2 million new energy vehicles next year.
The SMM market knew that it would start at 8:45 every morning.
"Welcome to watch on the computer.
About 20 minutes after the end of the live broadcast, you can watch the playback ~!
Please collect this live broadcast page so that you can grasp the cutting-edge information of the market every morning, help you do a good job of spot transactions, investment planning, and take risk control measures in advance. Thank you for your attention and support to SMM ~!
![[SMM Flash de cromo] Un posible acuerdo Valterra-Northam podría reconfigurar el panorama del concentrado de cromo en Sudáfrica](https://imgqn.smm.cn/usercenter/qbMSp20251217171722.jpeg)
![Los beneficios del recorte de producción se materializan mientras las tendencias de futuros y spot divergen; los precios del silicio metálico siguen en punto muerto [Reseña semanal de la industria del silicio de SMM]](https://imgqn.smm.cn/usercenter/aNMzb20251217171724.jpg)
![Los precios del ADC12 suben por semanas consecutivas, mejora del beneficio y recuperación marginal de la demanda [Revisión semanal de chatarra de aluminio y aluminio secundario]](https://imgqn.smm.cn/usercenter/wUnEn20251217171722.jpeg)
