"the annual meeting of the SMM metal industry in 2021 is officially launched | under the dual-carbon goal, the interpretation of metal fundamentals and price research policies in 2022 is a brainstorming attack!
2021 the 9th Green Zinc Salt and Zinc oxide Industry Summit Forum opened today!
The 2021 China International Silver Industry chain Summit Forum opened in Hangzhou today!
Minutes of SMM morning meeting
Summary of SMM Cobalt Lithium Morning meeting: in September 2021, the load of power batteries in China reached 15.7 GWH, an increase of 138.6% over the same period last year and 25.0% from the previous month, achieving positive growth for five consecutive months; in terms of cobalt electrolysis, overseas terminal enterprises consulted more cobalt beans, leading to higher quotations. The price discount of electrolytic cobalt is deeper than that of cobalt salt metal, and the demand for dissolution of cobalt beans by new energy enterprises will increase; in terms of lithium carbonate, workers and electric carbon in Qinghai and traders gradually increase the export volume, and the quotation goes up to about 190000 yuan / ton, and some of the transaction prices are in the range of 18.5-188000 yuan / ton. The price of electric carbon in Sichuan and Jiangxi is between 19 and 200000 yuan per ton. at present, the acceptance of high-priced electric carbon in the lower reaches is relatively low. In terms of ternary materials and iron lithium, the prices of lithium and precursors have risen recently, superimposed power limitation.
The installed capacity of iron-lithium battery exceeds that of ternary battery in September, the cost pressure of downstream materials for lithium battery increases [minutes of SMM Cobalt-Lithium Morning meeting]
"Click to view the price of SMM cobalt lithium products
Review of overnight market
The dollar retreated from an one-year high on Wednesday as longer-term bond yields fell after US inflation data showed a strong rise in prices last month, while FEDSeptember minutes confirmed that bond purchases would start to scale back soon. The consumer price index rose 0.4% in September from August, according to data released by the Labor Department on Wednesday. The year-on-year increase was 5.4 per cent, the biggest year-on-year increase since 2008. CPI has resumed its accelerated upward trend, highlighting the continuing inflationary pressures facing the economy.
The metal market is up and down. In the inner metal market, Shanghai copper is up 1.9%, Shanghai zinc is up 4.1%, and Shanghai lead is up 1.79%. Other varieties have gone down one after another, of which Shanghai nickel and Shanghai aluminum fell more than 1%. Black fell across the board, and iron ore fell sharply, down 4.55%. The trend of the outer plate metal is basically the same as that of the inner plate, with Lun copper up 2.73%, Lun zinc up 4.89%, and lun lead up 0.84%.
Zinc prices rose sharply, with Shanghai zinc and Lun zinc hitting their highest levels since April 2018, as higher electricity prices in Europe led Nyrstar to announce a 50 per cent cut in zinc production at its smelters. As one of the largest zinc smelters in the world, Nyrstar believes that in the current situation of soaring energy prices, enterprises' electricity costs and related carbon emission costs have risen sharply, and from an economic point of view, European smelters are no longer suitable for full production.
[overnight market] the high of the US dollar fell back, and the metal rose and fell with each other, and zinc rose nearly 5%.
U. S. stocks closed slightly higher on Wednesday. Investors are reviewing the latest earnings, inflation data and Fed policy movements. Us CPI grew 0.4 per cent month-on-month in September and 5.4 per cent year-on-year, both higher than expected. Fed minutes say bond purchases could begin to scale back as early as mid-November. The Dow fell 0.53 points to 34377.81, the Nasdaq rose 105.71 points, or 0.73%, to 14571.64, and the Standard & Poor's 500 Index rose 13.15 points, or 0.30%, to 4363.80.
As for crude oil, international oil prices fell on Wednesday, giving up their recent gains slightly because of fears that demand growth for crude oil would slow and oil prices had risen to multi-year highs in recent trading days. Earlier, oil prices were under pressure after data released by China, the world's largest importer of crude oil, showed that crude oil imports fell more than 15 per cent in September from a year earlier.
In precious metals, COMEX gold futures rose 2% on Wednesday to a nearly one-month high as yields on the dollar and Treasuries fell, boosting safe-haven demand for gold.
From a macro point of view, today we focus on the annual rate of PPI in September in China, the annual rate of CPI in September and the annual rate of PPI in the United States in September, the number of Americans applying for unemployment benefits in the week ending October 9, and the changes in EIA crude oil inventory in the week ended October 8.
"[macro outlook] focus on the September CPI annual rate in Germany and the September CPI annual rate in the United States
LME inventory
Today's focus
[general Administration of Customs: exports of aluminum and rare earths increased by 15.36% in September and copper imports fell by 43.8% in September compared with the same period last year.] in September 2021, imports of unwrought copper and copper materials were 406000 tons, an increase of 3.1% from the previous month, and a decrease of 43.8% from the same period last year. From January to September of 2021, the cumulative import of unwrought copper and copper materials was 4.019 million tons, down 19.5 percent from the same period last year, and the average price was 60400 yuan per ton, up 37.9 percent. "View details
"Click to view the price of SMM copper products.
[SMM analysis review of tin price in September and trend in October under the influence of power cuts and environmental protection] in October, Guangxi is expected to gradually get rid of the problem of power cuts, while the impact of power cuts and environmental protection in other areas outside the main producing areas is gradually slowed down, and it is expected that some tin ingots will be increased in the future. As a result, production is expected to be 14650 tons in October, an increase of 12.54 per cent from the previous month. According to market news, MSC has now reached a rework rate of 80%. Due to the strong internal and external weak price pattern, the products are expected to gradually enter the domestic market. Therefore, to sum up, there will be a certain degree of loose expectation on the supply side in the future. "View details
"Click to view the price of SMM tin products
[SMM analysis: the output of nickel pig iron under the double control policy dropped sharply in October to resume limited nickel iron supply or continue to shrink] since September, after the state once again emphasized the production restriction policy, the major stainless steel plants and nickel iron plants have responded positively and strictly reduced the energy consumption of production. According to SMM research, national nickel pig iron production dropped sharply in September, with high nickel pig iron reducing about 8000 metal tons, low nickel iron reducing about 2000 metal tons, high nickel pig iron supply shrinking, iron mills mainly delivering orders, spot shortages, steel mills declining willingness to purchase due to a slowdown in production, and market turnover is light. "
At present, in terms of stainless steel smelting production, the production of various steel mills has gradually resumed, and the restrictions in Jiangsu, Guangxi and other areas have been alleviated, but the production in Fujian and other areas is limited, so the overall output of stainless steel is still at a low level. "View details
[SMM Hangzhou thread weekly inventory restrictions slightly relaxed production low rebounded inventory decline slower than before the festival] this week, Jiangsu and Zhejiang production restrictions slightly relaxed, building materials production rebounded significantly, the current price suffered a sharp setback. According to SMM research, the local mainstream first-line steel mills in Jiangsu and Zhejiang have basically returned to normal production, and the production of second-and third-line steel mills has also recovered more than 50%. It is expected that the output of building materials will obviously pick up in mid-early October, the storage volume in Hangzhou will increase, the demand for replenishment at the terminal after the festival is not as expected, and the speed of social treasury removal is slightly slower than before the festival. As of October 12, the social inventory of building materials in Hangzhou was 665000 tons, down 60, 000 tons from last week, or 8.3% from the previous week. It decreased by 91000 tons over the same period last year, or-12.04% from the same period last year. "View details
"Click to view the price of SMM steel products
[SMM blast furnace operating rate: blast furnace operating rate has risen sharply since October. Steel price shock consolidation] according to SMM research, the blast furnace operating rate calculated by SMM was 79.3% on October 13, with a 5.46% increase in cycle-to-month ratio and a decrease of 0.95% month-on-month. The blast furnace operating rate has risen sharply since October, due to the large-scale shutdown of some steel mills in some provinces in the second half of September and the resumption of blast furnace production in Jiangsu, Shandong and other provinces in October. Blast furnace operating rate is expected to maintain a narrow range of shocks next week. "View details
SMM Coke Market depth Analysis: review of September Coke Market prospects for October. SMM analysis, throughout October, coke supply is difficult to change significantly, steel mills because of high profits and part of the blast furnace resumption of production, the demand for coke increased, but the price of coking coal weakened, overall stable; For a long time, due to the Winter Olympic Games and the environmental protection policy for the control of air pollution in winter, Hebei steel mills are expected to have limited production, and even some steel mills may suspend production, and coke demand is expected to be significantly reduced. Coupled with the reduction in coking coal prices, coke prices have been weak for a long time. "View details
[SMM analysis: the beginning of October of petroleum coke under the background of double control of energy consumption] at the end of National Day, the market shipment of low-sulfur petroleum coke was good, the enthusiasm of downstream carbon enterprises to receive goods of low-sulfur petroleum coke products was not reduced, and the overall price fluctuation was relatively smooth. The market situation of medium and high sulfur petroleum coke shows a declining trend. Although the inventory remains at a low level, the shipment of medium and high sulfur petroleum coke is slow, and the downstream carbon enterprises' acceptance of the price of medium and high sulfur petroleum coke slows down, and their enthusiasm decreases. "start picking up on demand." check the details.
[notice on implementing the off-peak production of the fifth batch of key energy-using enterprises in Huinong District] relevant enterprises: from January to September, industrial energy consumption in Huinong District has increased compared with the same period last year, and the form of "double control" for energy saving and consumption reduction is extremely severe. In order to implement the spirit of the work conference of the party committee and government of the autonomous region on double control of energy consumption, in accordance with the requirements of the rectification and reform plan of double control of energy consumption in Shizuishan City and Huinong District, ensure the completion of the annual target and task of energy consumption "double control", comprehensively analyze and consider the evaluation of enterprise energy consumption, output value, added value, taxation and average benefit per mu. It is decided to implement the fifth batch of key energy-using enterprises to stop production at the wrong peak limit, and the relevant matters are hereby notified as follows. "View details
[announcement of the people's Government of Xiushan Tujia and Miao Autonomous County on the closure of the first batch of Manganese Mining Enterprises in 2021] according to the "Chongqing Manganese pollution rectification and Reform work leading Group Office on the Printing and issuing of the Chongqing work Plan for speeding up the Phase-out of backward production capacity in Manganese Industry" (Chongqing Manganese rectification and Reform Office [2021] No. 5) and "Xiushan Autonomous County speeds up the implementation of the work of eliminating backward production capacity in manganese industry. Requirements such as "Plan" (Xiushan Fu Fa [2021] No. 13), After the voluntary application of the enterprise, the county government has studied and agreed that the first batch of 22 manganese mining enterprises that have closed and withdrawn in 2021 are announced as follows. "View details
[155000 South African workers strike global supply chain may be more chaotic imports of South African manganese ore may be affected] according to reports on Oct. 5, South African industrial and trade union officials recently said that South Africa's largest engineering metal workers' union launched an indefinite strike on Tuesday to demand higher wages, which could hinder the production of new cars and the supply of spare parts. According to the report, (Numsa), the National Union of Metal Workers of South Africa, which organizes about 155000 members in the industry, called for the complete closure of the country's engineering industry after a stalemate in wage negotiations with employers and the failure of arbitration. "View details
[SMM comment on Botswana: Giani Metals Corporation Announces Resource estimates for K. Hill Manganese Project] Canadian exploration company Giani Metals Company (Giyani Metals) has released its latest mineral resource estimates (mineral resource estimate, or MRE), for its K. Hill Manganese Project in Botswana as part of the project's feasibility study. Drilling has confirmed that about 95% of the inferred mineral resources of the K. Hill manganese project (inferred mineral resources) can be converted into controlled mineral resources (indicated mineral resources), with a 25% increase in manganese metal content. "View details
[South African chromium miner Tharisa quarterly production hit an all-time high] Tharisa quarterly report shows that Tharisa mine production reached an all-time high in the third quarter of 2021. Among them, the quarterly output of chromium concentrate increased to 395700 tons, an increase of 4.2% month-on-month and 6.7% year-on-year. At the same time, annual chromium concentrate production increased to 1.51 million tons, an increase of 12.39 per cent over the same period last year. And the annual net profit is 47.9 million US dollars. The recent investment in the new Vulcan plant is expected to continue to increase the company's chrome production. The project is currently in a cold trial phase and will be put into use by the end of 2021. Tharisa plans to produce between 175 and 1.85 million tons of chromium concentrate in 2022. And the Vulcan chromium processing plant will increase the recovery of chromium concentrate to more than 80 per cent, thus increasing the production of chromium by 25 per cent to 2 million tons. "View details [reprint to retain provenance-Shanghai Nonferrous net] quarterly output of South African chromium miner Tharisa hit an all-time high
[SMM analysis: the high price of ferrochromium is difficult to continue under the background of weak supply and demand when the production of high-carbon ferrochromium is reduced by 96200 tons in September. In September, the contradiction between coal and electricity intensified, the price of thermal coal continued to rise, the cost of thermal power generation was upside down, the situation of power restriction in many places was highlighted, coupled with the double control policy of energy consumption, the production of high-carbon ferrochromium in many places was affected. Due to the double control policy of government energy consumption in Guangxi, almost all ferrochromium manufacturers stopped production, the output of ferrochromium decreased by 71.88% from the previous month, the power supply gap in Inner Mongolia enlarged again, the situation of power restriction worsened again, and the output decreased by 28.44% compared with the previous month. Power cuts have also occurred in Hunan, Guizhou and other places. Stainless steel factories are also limited by electricity production restrictions. In September, stainless steel output decreased by 590000 tons compared with the same period last year, and high-carbon ferrochromium showed a weak trend of supply and demand, but the price of coke remained high, as well as the increase in power consumption, coke consumption, and labor costs brought about by power limitations. the price of high-carbon ferrochromium continues to rise. "View details [reprint needs to retain provenance-Shanghai Nonferrous net] the high price of ferrochromium is difficult to continue under the weak background of supply and demand when the production of high carbon ferrochromium is reduced by 96200 tons in September [SMM analysis]
[SMM data September China magnesium ingot production dropped 10.92% month-on-month] SMM 13 October: according to SMM research, China's magnesium ingot production in September 2021 was 54800 tons, down 10.92% from the previous month, down 5.24% from the same period last year, and the cumulative output was 618900 tons, a cumulative increase of 8.13% over the same period last year. "View details
Important news of metal industry
[Jintian Copper conducted a survey of 40 institutions to investigate the good development of copper and rare earths business.] Jintian Copper received a collective survey of 40 institutions in September to introduce copper and rare earth related businesses. Jintian Copper said it had plenty of orders on hand. Downstream application field. With the promotion of "carbon peak, carbon neutralization", urbanization and consumption upgrading, new energy, new infrastructure and new consumption will bring great potential for copper consumption. The company plans to increase the production capacity of new energy flat line products to 20,000 tons in 2022, and further expand the application of the company's products in the field of new energy vehicles. At present, the company's flat line products have entered the supply chain of domestic well-known new energy automobile enterprises, has entered the stage of mass production, and entered the certification or testing stage of a number of automobile companies. The company's rare earth permanent magnet products are widely used in wind power generation, new energy vehicles, industrial motors, consumer electronics and other fields, with a high synergistic effect with the company's copper products. At present, the company has a production capacity of 5000 tons of rare earth permanent magnet materials, and the company plans to build a 8000 ton rare earth permanent magnet material project in Baotou. The project is divided into two phases and is expected to be put into production in 2023 and 2024 respectively. In the first half of this year, the company's main business income of rare earth magnetic materials was 431 million yuan, up 73.79% from the same period last year, and the net profit was 51 million yuan, up 61.86% from the same period last year.
[Jiangxi Copper: net profit attributable to shareholders of listed companies increased 179% in January-September compared with the same period last year] the company's performance is expected to achieve net profit of 42.74-4.734 billion yuan for shareholders of listed companies in January-September 2021, an increase of 27.42-3.202 billion yuan compared with the same period last year, and an increase of 179% 209% compared with the same period last year. The main reason for the pre-increase in the current performance is that during the reporting period, the company strengthened internal management, scientifically organized production and dug management efficiency; the prices of copper, sulfuric acid and other products rose year-on-year, promoting performance growth.
[Jingyi shares: net profit in the first three quarters increased 47.89% Mel 77.47%] Jingyi shares (002295) announced on the evening of October 13 that it is expected to make a profit of 50 million yuan to 60 million yuan in the first three quarters, an increase of 47.89% Mel 77.47% over the same period last year. During the reporting period, the price of electrolytic copper, the raw material of the company, rose sharply compared with the same period last year, prompting the sales price and gross profit of the company's main copper processing products to rise compared with the
Western Mining: the net profit in the first three quarters is expected to increase by about 1.42 billion yuan, an increase of about 170% over the same period last year. During the reporting period, the Yulong copper industry reconstruction and expansion project was put into operation, and the output of copper concentrate increased over the same period last year. And the market price of non-ferrous metals continues to improve, and the prices of the company's main products copper concentrate and zinc concentrate have risen sharply over the same period last year.
Nanshan aluminum industry: the net profit in the first three quarters is expected to be 2.477 billion yuan to 2.687 billion yuan, an increase of 75.18% to 90.03% over the same period last year, and the sales volume of automobile plate products exceeded 80, 000 tons. During the reporting period, aluminum prices rose sharply compared with the same period last year, and the company's Indonesian alumina project was put into production in May.
[Shenhuo Co., Ltd.: the company's electrolytic aluminum production capacity is 1.7 million tons at present in Xinjiang] Shenhuo Co., Ltd. said on the interactive platform that the company's electrolytic aluminum production capacity is 1.7 million tons, including 800000 tons in Xinjiang and 900000 tons in Yunnan. At present, Xinjiang is in full production, with an operating rate of 50 per cent of the 750000 tons that have been put into production in Yunnan. Because the cost fluctuates greatly, the profit per ton of aluminum is in a state of change.
[new opportunities for the development of recycled aluminum industry empowered by "double carbon"] the recycled aluminum industry has the advantages of saving resources, saving energy and protecting the environment, and it is an important way for the sustainable development of aluminum industry. especially under the situation of the shortage of bauxite resources and the national situation of vigorously promoting energy conservation and emission reduction, green development and the implementation of the goal of "carbon neutralization", the development of recycled aluminum industry is of more significance.
[Tianfeng Securities: lithium prices are expected to peak in the first quarter of 2022] Tianfeng Securities Research report pointed out that lithium prices will most likely continue to rise. Among the two major demand for lithium salt, the peak season of new energy vehicles is gold, silver and silver, while the peak season of 3C is in the second half of each year. If downstream companies purchase a month in advance, the peak season for lithium salt is from August to November. The projects that can release lithium salt in the fourth quarter are limited, the salt lake production in Qinghai and Tibet will begin to decline due to seasonal factors, and the situation that supply falls short of demand will most likely intensify. Lithium salt prices are likely to continue to rise before new lithium resource projects begin to expand on a large scale, and the high lithium price is expected to occur in the first quarter of 2022.
[Jinyuan shares: intend to buy not less than 51% of Lithium Industry] Jinyuan shares announcement, wholly-owned subsidiary Jinyuan New Energy Development Co., Ltd. signed a "Cooperation Framework Agreement" with Huang Liangbiao, Yu Fei and their wholly-owned son Tibet and Lithium Industry Co., Ltd. The shareholders of the target company hold a 100% stake in Lithium and intend to sell no less than 51% of its stake in the target company to Jinyuan New Energy.
[Bayi Iron and Steel: net profit in the first three quarters increased by about 636.74% compared with the same period last year] Bayi Iron and Steel announced that the net profit attributed to shareholders of listed companies in the first three quarters of 2021 is expected to be about 2.229 billion yuan, an increase of about 1.926 billion yuan compared with the same period last year, and an increase of about 636.74% over the same period last year.
[two departments: plans to implement off-peak production of iron and steel industry in Beijing-Tianjin-Hebei and surrounding areas] the General Office of the Ministry of Industry and Information Technology and the General Office of the Ministry of Ecological Environment issued a notice on carrying out off-peak production in the steel industry in Beijing-Tianjin-Hebei and surrounding areas during the heating season 2021-2022. The notice points out that off-peak production in the iron and steel industry will be implemented from November 15, 2021 to March 15, 2022. The scope of implementation is Beijing, Tianjin, Hebei Province, Shanxi Province, Shandong Province, Henan Province, Hebei Province and other "2x26" cities. The first phase: from November 15, 2021 to December 31, 2021, to ensure the completion of the crude steel production reduction target in the region. The second stage: from January 1, 2022 to March 15, 2022, with the goal of reducing the increased emissions of air pollutants in the heating season, in principle, the proportion of off-peak production of iron and steel enterprises in all relevant areas is not less than 30% of the crude steel output in the same period of the previous year.
Anyang Iron and Steel: the company signed an "asset transaction contract" with Anyang Iron and Steel Group Xinyang Iron and Steel Co., Ltd. to transfer the production capacity of 60, 000 tons of pig iron, the transaction price is 502 yuan / ton, and the total transfer price (including tax) is 30.12 million yuan.
[Han Zheng Yunnan Research: efforts should be made to promote the stable and healthy development of the coal industry from both the supply side and the demand side] from October 11 to 12, Han Zheng, member of the standing Committee of the political Bureau of the CPC Central Committee and vice premier of the State Council, conducted research in Yunnan. Han Zheng said that Yunnan is rich in green energy resources, and it is necessary to coordinate the development and output of green energy so as to better serve the country's economic construction and energy security. Efforts should be made from both the supply side and the demand side to promote the stable and healthy development of the coal industry. It is necessary to scientifically demarcate and strictly observe the red line of cultivated land to ensure food security. It is necessary to make full use of digital technology to raise the level of environmental monitoring, forecasting and early warning, and pollution control, so as to help Yunnan continue to improve environmental quality and build a solid ecological security Barrier in southwest China.
[Ministry of Commerce: prices of means of production rose steadily from October 4 to 10] according to the monitoring of the Ministry of Commerce, market prices of means of production nationwide rose 2.3% from October 4 to 10 compared with the previous week (the same below). Among them, coal prices continued to rise, with thermal coal, coking coal and No.2 anthracite rising 5.3%, 5.1% and 2.3% per ton, respectively, to 890 yuan, 1147 yuan and 1192 yuan per ton. Steel prices continued to rise, with channel steel, rebar and high-speed wire rod rising 1.8%, 1.5% and 1.2% per ton, respectively, to 5592 yuan, 5583 yuan and 5788 yuan per ton.
[Minmetals rare Earth receiving institutions Survey rare Earth prices stable rising industry ushered in new development opportunities] recently, Minmetals rare Earth reception Debang Fund, Wells Fargo Securities Research, explained the related issues. Minmetals rare earth pointed out that the current rare earth commodity prices are rising steadily, the recent overall upward trend in fluctuations. In recent years, the downstream demand has increased to a certain extent. with the continuous change of the global supply pattern of rare earth raw materials, the deepening of the requirements of green development driven by innovation, the continuous strengthening of the normative governance of the domestic rare earth industry and the further deepening of the cognition of resource scarcity, the rare earth industry is expected to usher in new development opportunities.
Wuxi Shangji CNC Co., Ltd. disclosed the announcement of capital increase and related party transactions to participating companies on October 9, 2021, according to the article, which said that on April 2, 2021, the company and Jiangsu Zhongneng Silicon Industry Science and Technology Development Co., Ltd. jointly established Inner Mongolia Xinyuan Silicon material Technology Co., Ltd. for the preparatory work of the project construction, Wuxi Shangji CNC Co., Ltd. disclosed on October 9, 2021, the announcement of capital increase and related party transactions of Wuxi Shangji CNC Co., Ltd. on October 9, 2021. This time, it is proposed by CNC, Jiangsu Zhongneng and Gaojia Solar Energy Co., Ltd. to increase the capital of Inner Mongolia Xinyuan by a total of 3.1375 billion yuan (of which the company's capital increase is 1.02 billion yuan). The capital increase is used to build 100000 tons of granular silicon and 150000 tons of high-purity nano-silicon production capacity.
Jianlong Group: 5200 tons of Si-mn new Fugang 12780 yuan in October, Jilin Jianlong 1600 tons 12810 yuan, Heilongjiang region 6400 tons 12750 yuan, Chengde Jianlong 2500 tons 12750 yuan.
Macro focus
[Fed minutes: curtailing bond purchases may begin in mid-November and end in the middle of next year.] the Fed released the minutes of the Federal Open Market Committee's (FOMC) monetary policy meeting on September 21-22 on Wednesday. Participants believed that the Fed was close to meeting its economic goals and could soon begin policy normalisation by reducing the pace of monthly asset purchases, according to the minutes. The gradual tapering program may begin in mid-November or mid-December and may end in mid-2022.
According to the minutes of the meeting, "it was generally agreed that if the economic recovery remained on the normal track, it might be appropriate to end the gradual retrenchment process around the middle of next year." Participants pointed out that if it is decided at the next meeting to start reducing bond purchases, monthly bond purchases can be gradually reduced from mid-November or mid-December. "
[the higher-than-expected rise in consumer prices in September highlights continuing inflationary pressures on the economy] according to data released by the Labor Department on Wednesday, the consumer price index rose 0.4% in September from August. The year-on-year increase was 5.4 per cent, the biggest year-on-year increase since 2008. CPI has resumed its accelerated upward trend, highlighting the continuing inflationary pressures facing the economy.
[national Health Commission: national cumulative report on vaccination of novel coronavirus 2.224 billion doses] according to the State Health Commission, as of October 12, 31 provinces (autonomous regions, municipalities directly under the Central Government) and the Xinjiang production and Construction Corps reported a total of 2.224081 billion doses of novel coronavirus's vaccine.
[general Administration of Customs: recently relevant departments have done a lot of work to alleviate the tense situation of transport capacity] this morning, the Information Office of the State Council held a press conference. Li Kuiwen, director of the Statistical and Analysis Department of the General Administration of Customs, said that due to the rebound of the overseas epidemic, it has also led to serious congestion in some overseas ports, poor international logistics supply chains, a sharp decline in ship operation efficiency and empty container turnover, resulting in tight shipping capacity. There is an imbalance between supply and demand. It is understood that in view of this situation, the relevant departments have recently done a lot of work to alleviate the tight situation of transport capacity.
[in dollar terms, China's exports are expected to grow by 28.1% year-on-year in September.] in dollar terms, China's exports rose 28.1% year-on-year in September, with an expected 21.5%, with a previous value of 25.6%. China's imports rose 17.6% in September from a year earlier, with an expected 20.9%, with a previous value of 33.1%.
[in RMB terms, China's exports are expected to grow by 19.9% year-on-year in September.] in RMB terms, China's exports rose 19.9% in September from a year earlier, with an expected 13.3%, compared with a previous value of 15.7%. China's imports rose 10.1% in September from a year earlier, with an expected 14.6%, with a previous value of 23.1%. In September, the trade surplus was 433.19 billion yuan, with a previous value of 376.31 billion yuan.
[the eighth round inspection team of the 19th CPC Central Committee is stationed in 25 financial units, including the China Securities Regulatory Commission] with the approval of the CPC Central Committee, the eighth round of inspection by the 19th CPC Central Committee will carry out routine inspections on party organizations in 25 financial institutions, including the people's Bank of China, the Bank of China Insurance Regulatory Commission, and the China Securities Regulatory Commission. A few days ago, the sixth inspection team of the Central Committee was stationed in the China Securities Regulatory Commission.
[China Futures Industry Association: the net profit of the National Futures Company in August increased by 95.16% over the same period last year.] the China Futures Industry Association announced on the evening of October 12 that the overall operation of the futures company and its sub-jurisdiction in August 2021 showed that in August 2021, the revenue and net profit of the country's 1.342 billion futures companies have both greatly increased. Data show that by the end of August 2021, there were 150 futures companies in 31 jurisdictions. In August, the National Futures Company achieved a total operating income of 4.437 billion yuan, an increase of 9.93 percent over the previous month, an increase of 48.3 percent over the same period last year, and a net profit of 1.342 billion yuan, an increase of 18.62 percent over the previous month, an increase of 95.16 percent over the same period last year. According to the data, from January to August, the operating income of the country's 150 futures companies reached 30.805 billion yuan, an increase of 47.85 percent over the same period last year, and the net profit was 8.565 billion yuan, an increase of 63.02 percent over the same period last year.
[general Administration of Customs: considering the impact of the high base of foreign trade in 2020 on the growth of imports and exports in the fourth quarter of this year, Li Kuiwen, director of the Statistical and Analysis Department of the General Administration of Customs, said that considering the impact of the high base of foreign trade in 2020, the growth rate of imports and exports may decline in the fourth quarter of this year, but the overall positive trend of China's foreign trade will not change, and it is still expected to achieve relatively rapid growth for the whole year.
[general Administration of Customs: the growth rate of imports and exports in September was 15.4% lower than that in August.] this morning, the Information Office of the State Council held a press conference. Li Kuiwen, director of the Statistical and Analysis Department of the General Administration of Customs, said that in the first three quarters, the total value of China's foreign trade imports and exports was 28.33 trillion yuan, an increase of 22.7% over the same period last year, and continued to maintain a trend of rapid growth. Of this total, exports totaled 15.55 trillion yuan, up 22.7 percent over the same period last year, while imports totaled 12.78 trillion yuan, up 22.6 percent over the Foreign trade imports and exports have achieved positive year-on-year growth for five consecutive quarters. On a monthly basis, imports and exports rose 15.4% in September from a year earlier, down 3.5 percentage points from August.
Terminal information
[Strategy Analytics: Qualcomm's market share in smartphone Wi-Fi chips rises] the latest research report released by, Strategy Analytics on the 13th of the Science and Technology Innovation Board Daily points out that Qualcomm's leading position in the smartphone Wi-Fi field will be further enhanced by 2021. Although Broadcom won an order for Apple's iPhone 13, Qualcomm's market share is still growing. It expects Qualcomm, Broadcom and MediaTek to occupy the top three of the $4.3 billion smartphone Wi-Fi chip market by 2021.
(Apple's October launch is scheduled, and it is rumored to have lowered its iPhone production target). On Tuesday, local time, Apple officially announced that it would hold an online product launch on Oct. 18 at 10:00 Pacific time (1: 00 a.m. Beijing time on the 19th). According to market rumors, the products that may appear at this conference are MacBook Pro and AirPods 3 with upgraded M1 chips. After Tuesday's trading, media quoted people familiar with the matter as saying that Apple had told its production partners to lower its production target by nearly 10 million units this year because Broadcom and Texas Instruments were unable to deliver enough parts on time. Apple fell more than 1% in after-hours trading on Tuesday on the news.
[Citic Securities: the industry's sales of new energy vehicles exceeded expectations in September.] CITIC Securities Research report pointed out that in September, domestic sales of new energy vehicles were 357000, month-on-month + 11.4%, year-on-year + 148%, exceeding market expectations. In the domestic market, the high prosperity of the industry continues; overseas, the subsidy policy is expected to accelerate the landing, the US market is expected to return to high growth, and the European market is expected to remain high under the increasingly stringent new carbon emissions regulations. Global new energy vehicles have entered a stage of rapid growth, and the current time continues to suggest that we should seize the opportunity of high-quality targets in the global electrified supply chain, especially the supply chain of Tesla, Ningde era and LG Chemistry.
[China's total power battery production increased 168.9% year-on-year in September] according to the China Automotive Power Battery Industry Innovation Alliance, China's power battery production totaled 23.2 GWH in September 2021, an increase of 168.9% year-on-year and 18.9% month-on-month. Among them, the output of ternary batteries was 9.6GWh, accounting for 41.6 percent of the total output, an increase of 102.6 percent over the same period last year and 15.1 percent from the previous year; the output of lithium iron phosphate batteries was 13.5GWh, accounting for 58.3 percent of the total output, up 252.0 percent from the same period last year and 21.9 percent from the previous year. From January to September, the output of power batteries in China totaled 134.7 GWH, an increase of 195.0% over the same period last year. Among them, the output of ternary batteries totaled 62.8 GWh, accounting for 46.6 percent of the total output, an increase of 131.1 percent over the same period last year; and the output of lithium iron phosphate batteries totaled 71.6 percent, accounting for 53.2 percent of the total output, an increase of 291.4 percent over the same period last year.
[in the third quarter of this year, the number of newly registered new energy vehicles increased by 154.71% over the same period last year.] as of September, the number of new energy vehicles in the country reached 6.78 million, accounting for 2.28% of the total. Among them, there are 5.52 million pure electric vehicles, accounting for 81.53% of the total number of new energy vehicles. In terms of new registration, in the first three quarters of 2021, 1.871 million new energy vehicles were newly registered nationwide, an increase of 1.199 million over the same period last year, or 178.49 percent. Of these, 767000 new energy vehicles were newly registered in the third quarter, an increase of 466000 or 154.71 percent over the same period last year.
[more than 100 US House of Representatives urged Pelosi to support union electric car tax breaks] more than 100 members of the US House of Representatives on Tuesday urged House Speaker Pelosi to retain $4500 in tax breaks for union-produced electric vehicles in a large-scale spending bill. In a letter learned by the media, Democrats urged Pelosi to retain credit backed by the (uaw) and AFL-CIO, which will provide a huge boost to Detroit's three automakers, GM, Ford and Chrysler. Tesla and foreign automakers do not have unions that represent assembly workers in the United States.
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