SMM Morning Review
Minutes of SMM Xi Morning meeting: from the analysis of the trend, prices fell rapidly after hitting a record high last week, and then fell sharply following the trend of the outer disk after a short period of trading. Only from the perspective of price fluctuations, the risk of accumulation in the recent continuous price rise market was released through this round of sharp falls, and the continuous reduction of positions by both long and short parties also indicates, to a certain extent, that the relatively simple unilateral upward trend in the early stage may have come to an end. The market will usher in more complex price changes in the future. However, from another point of view, the logic of the fundamentals in the market has not been denied for the time being, and the definition of trend change is slightly arbitrary after a short-term slump. Therefore, considering the above situation, in the future, we need to focus on the supply and demand at the fundamental level, especially the supply at the mine end, while at the financial level, the willingness of the main force to enter the game will also affect the intensity of the future price trend.
[summary of SMM Xi Morning meeting] the direction of tin prices plummeting and funds leaving the market remains to be verified.
Each variety of early review point of view is being updated, please refresh later to check ~!
The market closed overnight.
The minutes of the Fed meeting show that economic indicators, inflation and employment have achieved most of the targets for monetary policy tightening, market expectations that the Fed will tighten monetary policy in advance, and the dollar was boosted to a nine-and-a-half-month high. The dollar index rose 1.02 per cent weekly, the metal market opened the floodgates and released water, especially Lunxi fell 10.86 per cent, and Lunn Copper fell 4.92 per cent weekly. Lenny fell 6.4% weekly.
On Friday, the dollar index fell slightly, closing down 0.11%, and metal futures prices recovered some of their losses after a disaster.
At present, the growth rate of Sino-US economic data is slowing, and the global case of novel coronavirus infection is surging, and the market is worried about the future economic and demand outlook. The short-term macro aspect is difficult to be optimistic, and we still need to be cautious.
[overnight quotation] Metals rise and fall each other. Copper rebounded | crude oil fell for seven consecutive trading days.
Today's macro focus on the US Markit manufacturing PMI data and the euro zone August consumer confidence index.
[macro outlook] focus on the Markit manufacturing PMI in the United States and the consumer confidence index in the euro zone in August
U. S. stocks closed higher on Friday, led by technology stocks. But major stock indexes fell this week on concerns about the Fed's imminent withdrawal of stimulus measures. Crude oil futures prices fell for the seventh day in a row. The Dow closed up 225.96 points, or 0.65%, at 35120.08; the Nasdaq was up 172.87 points, or 1.19%, at 14714.66; and the S & P 500 was up 35.87 points, or 0.81%, at 4441.67.
In terms of crude oil, NYMEX crude oil futures fell for the seventh trading day in a row on Friday, down about 9% this week as concerns related to energy demand weighed down.
In precious metals, COMEX gold futures rose slightly on Friday, curbed by a stronger dollar, while growing concerns about a global economic slowdown supported safe-haven gold.
LME inventory
Macro focus
[Biden: the G7 plans to hold a video summit on Afghanistan next week] according to the Russian Satellite News Agency on August 21, US President Joe Biden said in a televised speech that the G7 plans to hold a video summit on Afghanistan next week. "in recent days, I have held talks with British Prime Minister Johnson, German Chancellor Angela Merkel and French President Jean-Claude Macron," Biden said. We have agreed to hold a meeting of the Group of Seven (G-7) next week to coordinate a unified action on Afghanistan. " Biden stressed that the positions of the United States and its allies are the same.
The National Development and Reform Commission: efforts should be made to keep the economy running within a reasonable range in the second half of the year. When reporting to the standing Committee of the National people's Congress on the implementation of the national economic and social development plan since the beginning of this year, he Lifeng, minister of the National Development and Reform Commission, said that in the second half of the year, we should focus on speeding up the construction of a new development pattern, focus on the prevention and control of the epidemic, focus on keeping the economy running within a reasonable range, and vigorously tap the potential of the domestic market. He Lifeng said in the report that efforts should be made to keep the economy running within a reasonable range in the second half of the year. A proactive fiscal policy should enhance its effectiveness and continue to implement various fiscal and taxation policies that support the development of small and micro enterprises and individual industrial and commercial households. A prudent monetary policy should be stable, keep liquidity reasonable and abundant, and keep the growth rate of money supply and the scale of social financing basically in line with the nominal economic growth rate. In terms of vigorously tapping the potential of the strong domestic market, it is necessary to continue to carry out new energy vehicles to the countryside, expand green consumption, and speed up the promotion of efficient terminal energy equipment and products.
[Biden declared that "Taiwan will respond to the invasion of the United States if Taiwan is invaded." the US leader said in an interview that the situation in Taiwan, South Korea, NATO and Afghanistan is fundamentally different. The United States has made a solemn commitment to Article 5 of the NATO Charter that if any country invades NATO allies or takes action, the United States will respond, as well as to Japan, South Korea and Taiwan. Hua Chunying responded on the 20th that Taiwan is indeed fundamentally different from Afghanistan. Afghanistan is a sovereign country, while Taiwan is an inalienable part of Chinese territory. The one-China principle is a red line that no country can cross.
[national Health Commission: cumulative reported vaccination of novel coronavirus 1.912 billion doses] data from the National Health Commission show that as of August 19, 2021, 31 provinces (autonomous regions, municipalities directly under the Central Government) and the Xinjiang production and Construction Corps had reported a cumulative total of 1.912419 billion doses of novel coronavirus's vaccine.
[German epidemic incidence Index broke through the warning value for the first time since May] the German Agency for Disease Control and Prevention announced on the 21st that the number of newly diagnosed novel coronavirus infections was 8092. On the same day, the country's novel coronavirus incidence index, which is used to monitor the severity of the epidemic (the average number of new diagnoses per 100, 000 people in seven days) returned above the warning value of 50, reaching 51.6. This is the first time since May this year that the index has broken through the warning value set by the German authorities. In order to boost the current slow progress of universal vaccination work, German Federal Minister of Labor Haier suggested on the same day that, in view of the necessity of epidemic prevention in the workplace, employers should consider allowing employees to use working hours to be vaccinated against novel coronavirus.
[financial Secretary of the Hong Kong SAR Government: the outline of the 14th five-year Plan provides a blueprint for Hong Kong's development] Chen Maobo, Financial Secretary of the Hong Kong Special Administrative region Government, said in a blog post that Hong Kong's local economy is showing signs of gradual improvement. The outline of the 14th five-year Plan clearly supports strengthening Hong Kong's development as a global offshore RMB business hub, an international asset management center and a risk management centre, providing Hong Kong with a blueprint for overall planning and unlimited potential markets and opportunities. The outline of the 14th five-year Plan provides a clear path for the future development of Hong Kong's deployment of innovation and technology, finance, legal and other professional services.
Today's focus
[SMM analysis: the price of copper plummeted due to the seller's eagerness to cash down. Copper prices fell sharply this week. Lun Copper fell below 9000 US dollars / ton from 9500 US dollars / ton in a row at the beginning of the week, reaching a bottom of 8740 US dollars / ton, a decline of more than 7%. Shanghai copper followed the decline, but the decline was weaker than that of Lun copper. Several jump gaps were formed within the week of 70, 000 yuan, and the bottom of 65770 yuan / ton was successively broken. The first line of 67000 yuan / ton was recovered at the end of trading on Friday, with a weekly decline of less than 6%. "check the details. [reprint needs to retain provenance-Shanghai Nonferrous net]
[SMM copper downstream weekly survey: the price difference of fine waste continues to narrow to the operating rate of hanging fine copper rod for two consecutive weeks] this week SMM investigated the production and sales of major copper rod enterprises in China. Overall, the operating rate was about 71.93%, an increase of 1.18 percentage points over last week. From the point of view of the survey, the price gap of fine waste continued to narrow until Thursday, when there was an upside-down copper rod. "check the details.
[SMM copper downstream weekly survey: copper prices fell sharply superimposed fine waste price spread upside down to cover positions downstream to stimulate refined copper consumption growth] Copper prices fell all the way from a high near 70000 yuan / ton to a position above 66000 yuan / ton this week, and the fine waste price spread narrowed again, even hanging upside down to 66000 yuan / ton position in the middle of the week. Under the double stimulus, refined copper consumption picked up again this week. A holder said that the supply of goods in the coming week has been shorted, and now it is necessary to reduce the volume of goods taken by traders. The decline in copper prices this week specifically reflects the performance of orders in various sectors of copper processing materials and terminals. The SMM Copper Research Group brings you the latest downstream consumption trends. "View details
[SMM analysis: downstream low-end market demand continues to decline in electronic circuit copper foil processing fees seasonally weak] this week, SMM electronic circuit copper foil processing fees showed a seasonal decline, 18 μ m, 35 μ m, 70 μ m processing fees fell 500 yuan / ton month-on-month. "View details
SMM survey aluminum prices once again stand above 20, 000 high prices, what is the current situation of die-casting enterprises? After plummeting to 20000 yuan / ton in May, aluminum prices rose rapidly again in July and rose back above 20000 yuan / ton this week, hitting a high of 20575 yuan / ton on Tuesday, breaking a 13-year high. Waste aluminum is currently in the domestic disassembly off-season superimposed customs standards stricter import volume, resulting in a continuous tight supply of waste aluminum, faster with the rise in aluminum prices, in addition, the recent silicon price is soaring to a new record high, recycled aluminum alloy raw material costs remain high, ADC12 prices continue to rise under cost pressure, large manufacturers quote concentrated 19500-19700 yuan / ton. "View details
[SMM Analysis of Aluminum sheet, Strip and foil Market in the second half of the year] feedback from a number of leading aluminum plate, strip and foil enterprises: this year, there is no off-season at all! Thanks to the overseas epidemic suppression of local enterprises to return to work, more money and less goods in foreign markets, a large number of orders for end products have poured into China to drive aluminum sheet, strip and foil orders in the off-season this year. "View details
[SMM analysis of aluminum bar inventory for three consecutive weeks processing fee is difficult to change the decline] SMM statistics of the latest aluminum bar inventory data show that August 19 aluminum bar inventory increased by 13100 tons to 130600 tons compared with last Thursday, an increase of 11.1%, continue to accumulate inventory. On Friday, only Nanchang area went to the warehouse, and the inventory in Huzhou area was stable, while the other three places showed a small accumulation, among which the aluminum bar inventory in Foshan area had the largest increment, with an increase of 11000 tons, or 20.56%, compared with last Thursday, followed by Wuxi area, where inventory increased by 2100 tons, or 10.40%, compared with the previous Thursday. According to SMM, the recent arrival of aluminum bars in the market is relatively large, and the overall orders of downstream aluminum profile enterprises are mediocre, and aluminum prices soared this week to hit a 13-year high, buyers are afraid of high again, and the receipt of goods is limited. "check the details.
SMM analysis: the price of silicon and aluminum has reached a new high. When will the price of cast alloy keep up? From the perspective of the policy of importing waste aluminum, the epidemic situation at home and abroad is still grim, from the perspective of epidemic prevention, the import inspection of waste aluminum is also difficult to be relaxed, and the import volume is likely to continue to decrease compared with the same period last year. Therefore, in the context of insufficient supply, the recovery of demand has become a top priority. "View details
[SMM survey: overhaul resumes coverage, power limitation and reduction as scheduled.] according to the SMM (SMM) survey, this week (August 16-August 20) the weekly operating rate of SMM recycled lead smelting enterprises in the four provinces was 65.02%, up 3.84% from last week. "check the details.
[SMM research: lead battery consumption is stable to improve enterprise weekly operating rate] SMM: according to SMM research, this week (August 16-August 20) the weekly comprehensive operating rate of lead battery enterprises in the five provinces of SMM was 69.66%, up 0.44% from last week. "View details
[SMM comment: the operating rate of power-limited lead smelters rebounded or will lead prices rebound? According to SMM research, the reduction of electricity production in lead smelters has been gradually restored this week, and electrolytic lead and recycled lead have steadily resumed production as planned. The tightening of the supply of lead ingots has been alleviated in the past two weeks, and the resumption of the supply of lead ingots this week undoubtedly puts invisible pressure on social inventory. at the same time, the lead market has also entered the game between cost support and higher inventory. "View details
[SMM research: recycled lead falls below cost reduction lead ingot bank growth slows] SMM8 20: according to SMM, as of Friday (August 20), the total inventory of SMM lead ingots in the five places reached 198400 tons, up 4100 tons from last Friday; up only 100 tons from Monday (August 16), and the growth trend slowed down significantly. "View details
[SMM Analysis: high Raw material prices shock Zinc Alloy Plant operating rate drop] SMM August 20: the overall operating rate of die-casting zinc alloy enterprises has declined this week. Except for individual factory maintenance production lines, resulting in a reduction in start-up, zinc prices rose during the week, which also suppressed terminal purchasing demand, resulting in insufficient orders for alloy factories. "View details
[SMM research: steel price shock downward galvanized tube sales pressure surge] according to SMM research: galvanized enterprises start up weak this week. Zinc ingot prices are strong and volatile this week, superimposed downstream enterprises still have delivery of secondary sales of zinc ingots, downstream enterprises are less willing to receive goods, enterprises are still dominated by digesting inventory. In terms of galvanized tubes,. "View details
[SMM concerned about the confirmation of novel coronavirus crew members on the arrival of Nickel Iron cargo ship at Lianyungang Port in Jiangsu Province] on the 18th, a cargo ship arriving in Lianyungang, Jiangsu Province, confirmed novel coronavirus crew members. The ship is currently stranded in the port, and there is no specific solution for the time being. Follow-up waiting for government notification. According to SMM research, the cargo ship sets off from Indonesia and carries 10,000 tons of high-nickel pig iron. "check the details.
[SMM concern: a domestic nickel refinery currently suspends production. The output of this plant accounts for about 4% of the total domestic output in July.] according to SMM, a nickel refining plant in the north has suspended production in the past two days because of high production costs. The monthly output of electrolytic nickel in the plant accounts for about 4% of the total output of electrolytic nickel in the country, with little impact, and the time for resumption of production has not yet been determined. The nickel salt products of the plant are still in normal production. Because electrolytic nickel and nickel salt belong to different production lines, the production line can not be transferred to produce nickel salt. "View details
[SMM data Analysis 5.187 million tons of nickel ore imports in July 2021 came from the Philippines] according to customs data, China imported 5.187 million tons of nickel mines in August 2021 (a mixture of dry and wet customs data), a month-on-month increase of 7.2% and a year-on-year increase of 5.8%. Of this total, Philippine imports were 4.775 million tons, an increase of 9.6% month-on-month and 8.7% year-on-year. "View details
[SMM investigation VDNIP Industrial Park Indonesia Xiangyu (Delong) steelmaking Plant AOD furnace successfully put into production capacity of 2 million tons] on the morning of August 18, 2021, the No. 4 AOD furnace of the Xiangyu (Delong) steelmaking Plant in Indonesia, VDNIP Industrial Park was put into operation successfully. After the No. 4 furnace was put into operation, the capacity of the OSS steelmaking plant can now reach 2 million tons / year. There are altogether 6 steelmaking furnaces in the industrial park, and the No. 5 and No. 6 steel-making furnaces are expected to be put into production in the near future, and the actual production time will be determined according to the construction progress. "View details
[profit and external factors disturb 47.37% of the billet adjustment operation rate this month] according to SMM research, as of August 20, the operation rate of billet adjustment steel mills mainly producing building materials was 47.38%, up 4.31% from 43.07 in July and 36.62% lower than the same period last year. "View details
[key news of the SMM coke market this year, the highest electricity load in the country has reached an all-time high for six months in a row.] this year, the highest electricity load in the country has reached an all-time high for the same period for six months in a row. Since the beginning of summer this year, the electricity load of many places in our country has set a new record. Under the influence of steady economic recovery, high temperature and other factors, Electroweb loads in East, Central and Southwest China and 15 provincial-level Electroweb reached record highs 35 times, while those in Northeast, North and Northwest China and 11 provinces exceeded last summer's extreme values. "View details
23:50 on August 19th, a roof fall accident occurred in face 110207 of Qingshuiying Coal Mine of Ningxia Coal Company. Four people were trapped in the accident. Rescue workers contacted the four trapped people after drilling. After the incident, the local mine rescue team was mobilized to carry out rescue, and the rescue workers locked and reinforced the roof line, and dug a life-saving passage on the right side of the roadway, while preparing to drill a life-saving hole from the ground to the trapped point underground. "View details
[SMM research on battery foil] SMM noted that with the rapid development of the new energy industry, "battery foil" as a positive carrier in new energy batteries has become a new outlet for the aluminum foil industry. "check the details.
With the explosion of power battery demand under the electrification tide, diaphragm is one of the four main materials of lithium battery, and the market demand is rising continuously. The performance requirements of the power battery for the diaphragm are also increasing. On the one hand, a lighter diaphragm is needed to improve the energy density, on the other hand, it is necessary to improve the anti-puncture ability, namely safety. Therefore, we can also see that the diaphragm starts from the dry method, evolves all the way to the wet method, and then moves towards the development direction of the wet coating industry. "View details
[SMM magnesium spot Weekly Review High concussion magnesium City again stalemate (2021.8.16-2021.8.20) after magnesium prices reached an all-time high last week, the market's judgment on the future trend of magnesium prices began to differ. All parties formulate different purchasing and sales strategies according to their own actual conditions, resulting in market price confusion and magnesium price trends maintaining high shocks. "View details
[SMM Molybdenum Weekly Review demand reduction domestic molybdenum prices rose sharply this week] SMM believes that next week, due to the supply side is still blocked superimposed international molybdenum prices, steel mills bidding and other factors, molybdenum market prices are still stable and good, but considering the cost factors and some molybdenum concentrates have begun to choose to discharge profits, the increase is expected to decrease. "View details
[SMM selenium Weekly Review: downstream orders rare selenium prices are still under pressure] this week, the domestic selenium market is still weak, the price has not changed much, but the terminal demand has not improved, the purchase orders of downstream manganese factories are scarce, and prices continue to be under pressure. At present, the price of selenium products is still within the range of SMM quotation, and the supplier quotation remains stable due to cost, capital and other factors. It is expected that the trend of the domestic selenium market will continue to be stable next week. "View details
[SMM comment: China's unlisted rare earth oxide imports fell 66% month-on-month in July. Myanmar customs closure was the main reason.] according to data released by the General Administration of Customs on Friday, China's unlisted rare earth oxide imports in July were 1305 tons, up 24% from a year earlier, down 66% from a month earlier, and 1052 tons in the same period last year. Of this total, unlisted rare earth oxides imported from Myanmar were 1077.477 tons, accounting for 83 per cent of the total, down 53 per cent from the previous month. "View details
Important news of metals and industry
[Chilean drought forces Antofagasta to lower its copper production target] Chilean miner Antofagasta (London Stock Exchange symbol: ANTO)) said on Thursday that Chile's water shortage forced it to cut its copper production target this year as climate change exacerbated a decade-long drought. The miner now expects to produce 710000-740000 tonnes of copper this year, down from a previous forecast of 730000-760000 tonnes.
[Glencore's first-half revenue of $93.8 billion copper production rose slightly by 2 per cent over the same period last year] recently, Glencore released its financial and production reports for the first half ended June 30. Glencore realized operating income of $93.8 billion in the first half of 2021, an increase of 32 per cent over last year, and profit before interest, tax, depreciation and amortisation was $8.65 billion, up 79 per cent over the same period last year. Copper production in the first half of the year was 598000 tons, up 2% over the same period last year. Among them, the output in the second quarter was 296800 tons, down slightly from 301200 tons in the first quarter, but still higher than the same period last year.
Recently, Tektronix Resources released its second-quarter financial data, of which revenue in the second quarter was 2.558 billion Canadian dollars, an increase of 48.7 percent over the same period last year. Adjusted profit before interest, tax, depreciation and amortization was 989 million yuan, an increase of 104% over the same period last year. Tektronix pointed out that profitability was significantly higher in the second quarter than a year ago because of higher prices for major products. Tektronix produced 157600 tons of copper in the second quarter, up 79.5% from the same period last year and 10.6% from the first quarter.
The amount of resources retained within the scope of the Yinman mining license (111b+122b+333): the amount of lead, zinc and silver ore is 16.1517 million tons, of which antimony metal is 51962.25 tons, with an average grade of 0.32%; copper, tin, silver and zinc ore is 43.2885 million tons, of which antimony metal is 145210.67 tons, with an average grade of 0.34%.
On the 18th, a cargo ship arriving in Lianyungang, Jiangsu Province, was diagnosed with novel coronavirus's crew. The ship is currently stranded in the port, and there is no specific solution for the time being. According to SMM research, the cargo ship departed from Indonesia and carried 10, 000 tons of high-nickel pig iron. At present, the epidemic situation is serious, port cargo ships are strictly detected, the berthing time of ships is prolonged, the cost of sea freight is raised, and the efficiency of superimposed loading and unloading slows down, which may lead to the tightening of domestic supply of nickel-iron-nickel ore in the later period. SMM will continue to follow up on the follow-up.
SQM, the world's second-largest lithium producer and Chilean miner, said on Thursday that its second-quarter results surged as surging demand for electric vehicles boosted lithium sales and prices. The company also said that global lithium demand is accelerating faster than previously expected and is expected to grow by more than 40 per cent this year.
[lithium production giant SQM says global lithium demand is accelerating due to a green transition.] the world's second-largest lithium producer says global lithium demand is growing faster than previously expected. San Diego-based SQM said on Thursday that lithium prices rose more than expected as demand for electric vehicles surged more than 150 per cent year-on-year in the first half of the year.
[Xingyuan material earned 831 million yuan in the first half of the year to sell lithium diaphragm products over 500 million yuan.] Xingyuan material realized business income of 831 million yuan in the first half of the year, an increase of 143.65% over the same period last year. The net profit belonging to shareholders of listed companies was 112 million yuan, up 56.39% over the same period last year. Sales of lithium-ion battery diaphragm products exceed 500 million square meters.
[pilot production of 25000 tons of battery-grade lithium hydroxide and battery-grade lithium carbonate project of China Mineral Resources] August 19, the production line project of 25000 tons of battery-grade lithium hydroxide and battery-grade lithium carbonate has been completed and successfully ignited and put into trial operation.
[Angang restructuring Benxi Steel was officially launched] on August 20, the Anshan Iron and Steel restructuring meeting was held in Anshan City, Liaoning Province. Liaoning SASAC transferred its 51% stake in Benxi Iron and Steel Group Co., Ltd. to Angang Group Co., Ltd. Benxi Iron and Steel Group Co., Ltd. has become a controlling enterprise of Anshan Iron and Steel Group Co., Ltd. It is reported that Liaoning Province will vigorously support the construction of "New Angang" and promote Angang to promote the reform of mixed ownership of Benxi Iron and Steel Company in an orderly manner under the guidance of unified planning objectives and led by market-oriented reform, leading Benxi Steel to start a business for the second time. We will promote the transformation and upgrading of the Benxi steel industry, and build an industrial pattern based on the two core industries of iron and steel and minerals, and the coordinated development of strategic emerging industries such as modern supply chain, energy conservation and environmental protection, and industrial finance.
[Baosteel shares: signing steel pipe industry cooperation framework agreement with Baotou Steel] Baosteel shares announced that the company and Baotou Iron and Steel Co., Ltd. signed the "Steel Pipe Industry Cooperation Framework Agreement" to carry out cooperation in steel pipe and work together to optimize the allocation of resources. to achieve business focus and improve the level of professional management. Specifically, the two sides will set up a joint venture steel pipe company to jointly promote the planning of relevant agreements such as equity structure, corporate governance structure, joint venture agreement, articles of association and related transactions, and promote the landing of all kinds of work.
Under the requirements of the current double-carbon target, double-control policy, commodity supply and price stability and other multiple objectives, the state has adjusted the steel export tax rebate and tariff policy twice in a row, showing the policy orientation for the issue of steel import and export. The China Iron and Steel supply Association has put forward proposals for export enterprises in the industry: first, to raise awareness and consciously control the total amount of exports; second, to optimize the structure to reduce the export of ordinary products; third, to improve quality and efficiency to promote the export of high-end products; fourth, to strengthen management, control domestic trade to export; fifth, take joint actions to maintain the order of the export market.
A few days ago, Chongyi Zhangyuan Tungsten Industry Co., Ltd. announced the long order quotation for the second half of August. The specific quotations are as follows: 1, wolframite concentrate (WO3 ≥ 55%): 110500 yuan / standard ton; 2, scheelite concentrate (WO3 ≥ 55%): 109000 yuan / standard ton; 3, ammonium paratungstate (national standard zero): 168000 yuan / ton. Note: the above unit price includes 13% VAT.
Terminal information
[smart chip business broke out Quanzhi Technology H1 net profit increased 181% compared with the same period last year] Quanzhi Technology disclosed on the evening of August 19 that its operating income in the first half of 2021 was 1.048 billion yuan, an increase of 75.07% over the same period last year. Net profit belonging to shareholders of listed companies was 242 million yuan, an increase of 181.44% over the same period last year, and basic earnings per share was 0.730 yuan.
[Tencent invests to set up a chip company] Tianyanchao shows that on August 20, Flint Intelligent Technology (Shenzhen) Co., Ltd. was established with legal representative Zhao Lidong and registered capital of 5 million yuan. the scope of business includes: integrated circuit design; integrated circuit chip design and services; integrated circuit sales; integrated circuit chip and product sales; artificial intelligence basic software development and so on. Tianyancha equity penetration shows that the company is 100% controlled by Tencent affiliated company Shanghai Flint Technology Co., Ltd.
[the overseas epidemic has led to an aggravation of the shortage of automotive chips] recent changes in the epidemic in some overseas areas have had an impact on the production of key automobile parts. Industry insiders predict that the impact of the chip shortage on the domestic automobile industry will last until next spring. Some people in the industry said in an interview with reporters that the epidemic in Malaysia had a greater impact on the chip industry, and many large international factories would shut down their local production lines from time to time. Compared with the wafer factory, the degree of automation of the closed test plant is lower, the production line needs a lot of workers, and the epidemic prevention and control is more difficult. At the same time, the epidemic has a great impact on logistics, and the delivery period is prolonged.
[Fuji Film will invest 70 billion yen in plus semiconductor materials business in three years] according to Nippon Keizai Shimbun, Fuji Film will invest 70 billion yen (about 4.145 billion yuan) in its semiconductor materials business in the three years to March 2024, an increase of 40 per cent over the past three years. It is reported that with the popularity of the high-speed communication standard "5G", the popularity of its investment continues to rise. In addition to positioning health care as a growing business, Fuji Film will also develop semiconductor materials that are becoming more and more important worldwide as one of the pillars.
[Samsung Electronics has become the world's largest semiconductor manufacturer again after nearly three years] data from research institutions show that, driven by rising prices for DRAM and flash memory, Samsung Electronics' semiconductor sales exceeded $20 billion in the second quarter, up 19% from the previous quarter. It has become the largest semiconductor manufacturer in the world again after nearly 3 years. Intel's revenue from semiconductors in the second quarter was $19.304 billion, up 3 per cent from a year earlier.
According to the Xiamen Housing Security and Housing Administration, in order to standardize the release of real estate information on the Internet, the Xiamen Housing Bureau recently interviewed the person in charge of some website platforms, requiring the platform to adhere to the positioning of "housing not speculation", strictly check the release of housing price information, and strictly prohibit speculation in school district houses and houses with small property rights. Resolutely put an end to the use of network platforms to guide the masses to speculate in real estate.
(Volkswagen is also considering further production cuts after Toyota cut production by 40% in September) according to foreign media reports, the German carmaker Volkswagen Group said on August 19 that it may need to further reduce production due to tight supply of semiconductors. It was previously reported that Toyota would cut global production by 40 per cent in September. The auto industry is under new pressure after the supply chain was strained by a recovery in car demand earlier this year, as a new round of novel coronavirus outbreak in Asia hit chip production and commercial port operations.
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