"[live broadcast of the Aluminum Summit] 2021 Macro Economic and Policy observation
Analysis on the Development Prospect of fundamentals, Price and recycled Aluminum in Aluminum City
"[overnight market] the outer disk metal continues to fall PPI is stronger than expected and US inflation is rising further.
"[macro outlook] focus on US retail sales data for April and the University of Michigan Consumer confidence Index for May
Metals fell on Wednesday. Yesterday, the outer plate metal, Lun Copper fell 1.17%, Lun Aluminum fell 1.70%, Lun lead fell 1.51%, Lun Zinc fell 1.87%, Lunny Nickel fell 2.50%, and Lunxi fell 1.92%. The price of Lunn copper fell on Thursday as the dollar strengthened and the loan data of China, the largest consumer, fell weak. and fears that China may limit commodity prices triggered a sell-off. The dollar strengthened, with the US consumer price index ((CPI)) rising the most in nearly 12 years, according to data on Wednesday, adding to fears that the Fed will raise interest rates to quell inflationary pressures. Premier Li Keqiang of the State Council presided over an executive meeting of the State Council on May 12, which called for tracking and analyzing the situation and market changes at home and abroad to effectively deal with the excessive rise in commodity prices and their knock-on effects. We will strengthen the coordination of monetary policy with other policies to maintain the smooth operation of the economy. On the domestic front, international copper fell 1.22%, Shanghai copper fell 1.12%, Shanghai Aluminum fell 0.81%, Shanghai zinc fell 0.65%, Shanghai nickel fell 1.39%, and Shanghai tin fell 0.47%.
The dollar held steady near this week's high on Thursday after the Labor Department released a stronger-than-expected producer price index ((PPI)) in April, further evidence of rising inflation in the United States.
U. S. stocks closed higher on Thursday, with the Dow up more than 430 points. Investors took in bargains after a series of falls in US stocks, driving the index to rebound. The market is still focused on inflation. Us PPI rose 6.2 per cent in April from a year earlier, further evidence of rising inflationary pressures. The number of people applying for unemployment benefits for the first time in the United States last week fell to its lowest level since the outbreak. The Dow rose 433.79 points, or 1.29%, to 34021.45; the Nasdaq rose 93.31 points, or 0.72%, to 13124.99; and the S & P 500 rose 49.46 points, or 1.22%, to 4112.50.
On Thursday, the Prev index fell 0.96% to close at 3429 points; the Shenzhen Composite Index fell 1.05% to close at 13917 points; and the gem index fell 0.57% to close at 2943 points. The net outflow of Shanghai shares is 3.061 billion, while that of Shenzhen stocks is 2.578 billion. Individual stocks showed a general decline pattern, with an increase of more than 9% and more than 60 stocks. On the plate, commodity futures prices fell sharply across the board, causing coal, steel, non-ferrous and other resource stocks to fall as the main market, Wanhua Chemical and other weights also dragged down the index. In addition, digital currency, military industry, beer, semiconductors and other sectors were active in intraday trading. On the market, traditional Chinese medicine, beer, medical beauty and other sectors led the rise, while coal, steel, non-ferrous metals and other plates led the decline.
LME inventory
Macro focus
[European Central Bank Board of Governors Stu Naras: inflation concerns have not yet emerged in Europe] European Central Bank Board of Governors Stu Naras: inflation concerns have not yet emerged in Europe.
[another confirmed case of COVID-19 in Feixi County, Anhui Province] at about 11:00 on May 13, 2021, according to the close contact information of Zhang, who was pushed by the positive test in Yu'an District of Lu'an City, under the unified command of the province and city, Feixi County immediately organized the relevant personnel to carry out the work of flow investigation, isolation, sampling, and submitting for inspection. At about 15:00, tested by the municipal CDC, Li Mou (female, 27 years old) from outside the province was positive and confirmed to be positive by the provincial CDC. At about 18:00, the patient was sent to a designated hospital in Hefei for isolation and treatment. According to the current survey, the patient has not left Feixi since he arrived in Feixi on May 8.
[U.S. Coast Guard: 44 ships and 709 barges are waiting to pass because the Mississippi Waterway is closed.] U.S. Coast Guard: 44 ships and 709 barges are waiting to pass because the Mississippi Waterway is closed.
[the Philippine side relaxed restrictions on the novel coronavirus epidemic in the capital and its vicinity] the Philippine side relaxed the restrictions on the novel coronavirus epidemic in the capital and nearby areas.
[Bihar, India announces extension of blockade measures until the 25th of this month] Chief Minister Nitish Kumar (Nitish Kumar) of Bihar announced on 13 May local time that in view of the current epidemic situation, the Bihar government decided to extend the current blockade measures for 10 days until May 25. Nitish Kumar said that the positive effect of the current blockade measures on curbing the spread of the epidemic is obvious, so the state government decided to extend the blockade through consultations at the meeting. He also said that the government is strengthening local medical infrastructure, including increasing the number of hospital beds and other equipment to cope with the current epidemic situation.
[Labor Department: the US producer price index rose more than 6% year-on-year in April, the highest annual increase in history] the latest data released by the US Labor Department show that the US producer price index rose 0.6% in April and is expected to rise 0.3%. It surged 6.2% compared with the same period in 2020, the biggest increase since the agency began tracking the data in 2010. A sharp rise in steel products contributed to a huge rise in producer prices in April, according to a report from the Labor Department. In addition to rising prices, the Labor Department says another major reason is the higher inflation rate in the United States this year compared with the economy affected by the epidemic in the same period last year. The Fed had previously warned that changes would be particularly pronounced in the coming months if data were released compared with the same period last year.
[the yield on the 10-year Treasury note was as low as 1.6710% on the day, with a current drop of more than 2.0 basis points on the day] the yield on the 10-year Treasury note was as low as 1.6710% on the day, with a current drop of more than 2.0 basis points on the day.
[Ministry of Commerce: bilateral trade between China and Russia rebounded and returned to positive growth track] at a regular press conference held by the Ministry of Commerce on the 13th, spokesman Gao Feng said that since the beginning of this year, China and Russia have made joint efforts to overcome the impact of the COVID-19 epidemic and promote bilateral trade to stop falling and return to the track of positive growth. According to Chinese statistics, the bilateral trade volume between China and Russia from January to April was US $40.21 billion, an increase of 19.8% over the same period last year, exceeding US $40 billion for the first four months in history, an increase of 21.2% compared with the same period in 2019, and double that of the same period in 2016 five years ago.
[Ministry of Commerce: the essence of Sino-US economic and trade relations is that mutually beneficial and win-win economic and trade relations between the two sides should resolve each other's reasonable concerns through dialogue and consultation] at a regular press conference held by the Ministry of Commerce on the 13th, the media asked that the US Trade Representative said: looking forward to meeting with Chinese trade officials in the near future to review the implementation of the first phase of the Sino-US economic and trade agreement, what is the response of the Ministry of Commerce? Have China and the United States communicated on the specific timing of the economic and trade talks? Is it possible to abolish tariffs? In response, spokesman Gao Gao said that China has taken note of the above news. If there is any further information, it will be released in time. On the issue of tariffs, Gao Gao said that China's attitude is very clear that unilateral tariff measures are not good for China, the United States and the world. The essence of Sino-US economic and trade relations is mutual benefit and win-win results, and the two sides should resolve each other's reasonable concerns through dialogue and consultation on the basis of mutual respect and equal treatment.
[Ministry of Commerce: urge Australia to stop wrongdoing that interferes with economic and trade cooperation between the two countries] at a regular press conference held by the Ministry of Commerce on the 13th, in response to the suspension of the China-Australia Strategic Economic Dialogue mechanism, spokesman Gao Gao said that recently, the Australian federal government has unreasonably restricted and suppressed Sino-Australian economic and trade cooperation projects and existing achievements, undermining mutual trust between the two countries and seriously affecting the confidence of enterprises to carry out mutually beneficial cooperation. The relevant departments of the Chinese side have to make a proper and necessary response, and the Australian side should bear full responsibility for this. Gao stressed that China urges Australia to treat Sino-Australian cooperation objectively and rationally, treat Chinese enterprises fairly and fairly, stop erroneous acts that interfere with economic and trade cooperation between the two countries, and take action to promote the healthy development of Sino-Australian relations.
[Ministry of Commerce: from January to April, the amount of foreign capital actually used in China increased by 38.6% over the same period last year.] according to the data released by the Ministry of Commerce on the 13th, from January to April this year, 14533 new foreign-invested enterprises were established nationwide, an increase of 50.2% over the same period last year and 11.5% over the same period in 2019. The amount of foreign capital actually used was 397.07 billion yuan, an increase of 38.6% over the same period last year, an increase of 30.1% over the same period in 2019.
[China Banking Association: the working Group on China Banking supporting the realization of carbon Peak and carbon Neutralization goals ") Guo Sanye, Deputy Secretary-General of China Banking Association, said at the 271st regular press conference of the Banking and Insurance Regulatory Commission that at present, the Banking Association has prepared the" China Banking support working Group on achieving carbon Peak and carbon Neutralization goals "and has formulated a working group plan for 2021-2025. To organize and compile the Joint Initiative for China's Banking sector to support the realization of carbon Peak and carbon Neutralization goals. In the future, the working group will provide relevant policy advice and professional advice to the China Banking and Insurance Regulatory Commission, and study and recommend the methodology and implementation roadmap for banking financial institutions to achieve the goals of carbon peak and carbon neutralization. study and formulate data standards for banking financial institutions to achieve carbon peak and carbon neutralization goals; Lead the financial resources related to banking financial institutions to tilt to green and low-carbon areas, serve member units to adjust credit entry and exit industries in an orderly manner, and put forward suggestions for optimizing the structure of credit assets; establish a tracking system for carbon emission data of China's banking industry.
[the United States plans to allocate 110 billion US dollars in the next five years to compete with China's Ministry of Foreign Affairs] A reporter asked that the US Senate Committee passed a bill that the United States would allocate more than 110 billion US dollars for basic and advanced technology research in the next five years. Compete with China. Hua Chunying said that the Chinese side has also repeatedly stated our position in the past few days. How the United States develops itself and enhances its competitiveness is its own business. China is glad to see that the United States can make greater development and progress in its own economic development and the improvement of people's livelihood. China is committed to development and has never wanted to compete with the United States. We have said many times that our goal is to constantly improve ourselves, surpass ourselves, become a better China, and enable the Chinese people to live a better life. At the same time, through China's sustainable development, we can make due contributions to world peace and progress.
[the National Development and Reform Commission: willing to share the new era and new opportunities with the vast number of foreign-funded enterprises, including American enterprises] the "High-level Roundtable meeting between the National Development and Reform Commission and the US multinational Enterprises in China-- Shanghai Station, jointly organized by the International Department of the National Development and Reform Commission and the Shanghai Municipal Development and Reform Commission" was successfully held. The person in charge of the International Department said that during the 14th five-year Plan period, China will unswervingly expand its opening up in an all-round way with the belief of opening up, cooperation, unity and win-win results, so as to make the Chinese market the world's market, a shared market and everyone's market, and inject more positive energy into the international community. We are willing to share new opportunities in the new era with the vast number of foreign-funded enterprises, including American enterprises, and jointly draw a new chapter in opening up and cooperation and win-win development, so as to create a better future.
Today's focus
[SMM copper brief comment on sharp rise in US dollar Shanghai copper pullback amplitude] US April CPI 4.2% year-on-year, expected 3.6%, previous value 2.6%; April core CPI 3% year-on-year, expected 2.3%, previous value 1.6%. Us inflation data far exceeded market expectations or diverted the dollar. In April, RMB loans in China increased by 1.47 trillion yuan, 229.3 billion yuan less than the same period last year; the scale of social financing increased by 1.85 trillion yuan, 1.25 trillion yuan less than the same period last year; and the balance of M2 was 226.21 trillion yuan, up 8.1% from the same period last year. The growth rate was 1.3% and 3% lower than that at the end of March and the same period last year, respectively. The domestic data fell far short of expectations, and Premier Li Keqiang once again expressed concern about the excessive rise in commodity prices, and the operating center of copper prices moved slightly downward and fluctuated widely during the day. "check the details.
[may 13 recycled copper daily review: suppliers actively sell goods to facilitate scrap enterprises to purchase] Today, copper prices fluctuated and the bullish sentiment in the market was further weakened. According to the waste enterprises, suppliers are actively selling goods to withdraw funds today, the supply of goods in the market is sufficient, and the transaction price of low oxygen bar continues to fall, and there is not much phenomenon of high prices grabbing recycled copper, so it is relatively easy to purchase. I completed the stock plan early. "check the details.
[may 13th SMM North China Copper spot Market KuaiBao: the purchase volume of the copper rod factory increased at a reasonable price.] Today, Shanghai Copper maintained a weak shock, and the center of gravity of trading throughout the day was slightly lower than that of yesterday. Spot aspect, the copper price falls, the holder continues to raise the price to ship the goods, the recent terminal copper rod factory purchase quantity continues to increase. At present, the price difference of fine waste copper bars in North China. "check the details.
[interview with Big shot at Aluminum Summit: the impact of rising Raw Materials on Aluminum Industry chain] since 2021, the price of aluminum raw materials has continued to rise, which has become a topic of concern to the entire aluminum industry and even the general public. what is its impact on the entire aluminum industry chain, especially the downstream industry? What will be the impact on its consumption? At the 2021 (16th) China International Aluminum processing Summit jointly held by Shanghai Futures Exchange and SMM today, at the brainstorming session hosted by SMM CEO Fan Xin, Chen Weixin, general manager of Dingsheng Xincai Zhenjiang plant, Zang Lizhong, executive director of Lizhong Group, Huang Xiuhua, president of Fujian Fenan Aluminum Group, and Huang Jianliang, president of Huajin Group, conveyed to you the real situation of the enterprise and their views on the market on these hot topics. "check the details.
[SMM Analysis: medium-and long-term impact of dual-carbon policy on aluminum electrolysis industry in 2021] at the 2021 (16th) China International Aluminum processing Summit jointly held by Shanghai Futures Exchange and SMM, Liu Xiaolei, chief analyst of SMM, analyzed the global supply and demand pattern and price trend of electrolytic aluminum from 2021 to 2022 from the fundamentals of supply and demand consumption, import and export, etc. It also interprets the medium-and long-term impact of the dual-carbon policy on the electrolytic aluminum industry and other hot topics in the industry. "View details
India is a big exporter of aluminum foil. Customs data show that from 2018 to now, the proportion of India's aluminum foil exports to China's total aluminum foil exports is basically stable at 8% of China's total aluminum foil exports. From March to June 2020, the proportion of Indian aluminum foil exports is relatively low due to the epidemic. (SMM analysis shows that the proportion of India's aluminum foil exports to China's total aluminum foil exports is basically stable between 8% and 12% from March to June 2020 due to the epidemic. SMM research learned that although the recent out-of-control news in India has been frequently reported, there is no obvious anomaly in the Indian aluminum foil market, although the out-of-control epidemic has added some uncertainty to the export of aluminum foil to India. "check the details.
[SMM analysis of what happened to primary aluminum alloy in April] according to SMM research, the operating rate of primary aluminum alloy dropped to 54.51% in April, down 3.05% from the previous month, and up 0.61% from the same period last year. April this year can be described as an "eventful time" for primary aluminum alloy. "check the details.
[aluminum bar spot daily review aluminum bar processing fee continues to be strong market composition good atmosphere] Today, the mainstream market processing fee of aluminum bar is still strong, and the price of CITIC has moved up 20-50 yuan / ton, of which the South China market has a strong performance, and the processing fees of some enterprises have risen by more than 800 yuan / ton. And the mood of receiving goods downstream is relatively positive, and the overall transaction situation of the market is good. Details of this morning's offer are as follows. "View details
[national aluminum bar inventory weekly review: aluminum bar inventory fell by 24.4% from 33900 tons to 105200 tons] the output of aluminum bars market fell by 29700 tons to 37000 tons last week, a drop of as much as 44%, mainly due to the fact that there were only two days in the trading day last Friday holiday, restraining some of the output. At present, aluminum bar inventory fell by 33900 tons, or 24.4%, to 105200 tons from the previous month. All the five places showed going to the warehouse, of which Huzhou area had the largest decline, accounting for 56%, and Foshan area had the largest decline, with a drop of 12000 tons. The main reason. "check the details.
[summary of the transaction of the original lead market in SMM Evening Review on May 13th] the mainstream quotation for reducing lead in Anhui today is 13600-13700 yuan / ton. A small refinery today quoted a discount of 350 yuan / ton on the average price of SMM1# lead, and the downstream was afraid of falling and the transaction was light. "check the details.
[SMM survey: monthly operating rate of zinc oxide enterprises is higher than expected driven by rigid demand] commodity prices have been rising in April, zinc prices are gradually weakened by fundamentals, and shocks are higher; due to the influence of steel and zinc ingot prices, the start-up of galvanizing enterprises has obviously slowed down, the supply of zinc slag continues to be scarce, the procurement costs of zinc oxide enterprises are increasing, and the burden of production costs continues to increase. In addition, under the influence of environmental protection inspectors, zinc oxide enterprises in some areas of Jiangxi and Hunan have stopped production and limited production, and their production is still facing a severe test. "View details
[SMM analysis stainless steel spot price skyrocketing output beware of falling risk after arrival] since May Day, 300 series stainless steel has started a rapid upward trend. According to the price calculation of SMM website, 304cold rolling price has increased by 1450 yuan / ton compared with the pre-festival average price, and some producing areas and specifications have been quoted at 17000 yuan / ton, which is the highest spot price of stainless steel since 2017. "check the details.
[SMM stainless steel spot information SS contract near midday weakening stainless steel spot price is still strong] stainless steel spot market in the supply continues to be tight, under the influence of partial shortage, spot prices still have an upward trend. Today, the price of 304cold-rolled spot roll from Delong is quoted at 16700-16800 yuan / ton, and the price of futures note for delivery at the end of May or June is slightly lower. "check the details
[SMM stainless steel futures review ss contract center of gravity downward metal general decline blocked] SS2107 contract opened at 15550 yuan / ton, slightly stronger after opening, but the top 15700 yuan / ton line under pressure, high shock until the close. Daily trading opened at 15600 yuan / ton, opening in the morning, the center of gravity moved down slightly to 15600 yuan / ton to continue the range shock trend. Subsequently, it may be affected by the general downward trend of black and non-ferrous metals, stainless steel contracts. "View details
[iron ore market daily summary review] Liantie fell sharply today, with the main contract closing down 7.49%; the port spot market quotation was slightly reduced in early trading. In the afternoon, as the market went down, some merchants' bargaining space was enlarged, but some merchants were not willing to reduce their prices. Steel mills are more cautious and wait-and-see today's market. "check the details.
[SMM hot coil inventory skyrocketing dividend under the effective removal of hot rolling inventory short-term coil price storage shock back demand] this week, the hot rolling stock has been slightly removed, mainly because, on the one hand, the output of steel mills continues to rise, the demand for the transfer of the plant warehouse to the warehouse increases, and the pressure on storage is relatively high. At the same time, the current price of the hot volume period soared this week, the spot mood was excited, the transaction was active, and the demand for terminal replenishment after the holiday was stronger than expected, driving the social treasury to decline slightly. "check the details.
[SMM magnesium ingot spot KuaiBao raw material price higher magnesium price continues to rise] Today, the mainstream ex-factory price of 90 magnesium ingots in Fugu area is 21500-21600 yuan / ton, and the mainstream ex-factory price of 95B magnesium ingots is 21800-22000 yuan / ton. Affected by the rise of raw materials, the prices of magnesium ingots in the main producing areas today maintain a rapid upward trend. Please refer to the detailed quotation and reasons for the rise as follows. "View details
[SMM sponge titanium spot KuaiBao sponge titanium price remains stable] at present, the price of grade 1 sponge titanium remains stable, with a mainstream quotation of 68000 / ton. It is understood from the sales staff of a sponge titanium production enterprise that the current market is stable, the new unit price continues to improve, affected by the rapid rise of magnesium ingots, the cost end support is strong, and the price of sponge titanium is expected to remain stable in the near future. "check the details
[SMM Electrolytic Manganese Daily Review month-on-month Steel prices fell month-on-month. Manganese prices rarely rebounded in the short term.] SMM May 13, the spot factory price including tax in the mainstream area of the manganese triangle is around 15900-16000 yuan / ton, stable than yesterday's average price; Guangxi spot factory price, including tax, is around 16100-16200 yuan / ton, unchanged from yesterday's market price. "check the details.
[daily Review of imported Manganese Ore on May 13, 2021] on May 13, imports of manganese ore across the country were generally stable, traders continued to be willing to quote prices, and the spot price of manganese alloy downstream maintained a daily increase of 50 yuan per ton, with a further increase in profit margins. Multi-minerals rose 0.5 yuan / tonnage yesterday, and today traders intend to continue to raise prices during the replenishment period of manufacturers. However, due to the reduction in June mine prices, lower-than-expected steel inquiry prices and doubts about the sustainability of the rising black industry chain, manufacturers' acceptance of rising mineral prices is still on the low side. "check the details.
[SMM Daily Review Yunnan Baoshan Silicon Plant Power cut-off suspension quotation] since May 10, the state power-consuming enterprises in Yunnan Province began emergency off-peak power limit. Baoshan Silicon Plant went out of power in the early morning of the 13th after receiving the notice of power outage on the evening of the 12th. There were 13 ore submerged arc furnaces in Baoshan yesterday, and today there is only one mine submerged arc furnace in normal production. It is announced that the power outage will be temporary for a week, and the output is expected to be affected by 3500 tons. The power outage may advance the planned overhaul time of the original silicon plant in May. Affected by this power outage, most Baoshan silicon plants have suspended their quotations. "check the details.
Important news of metals and industry
[prices of non-ferrous materials and wires rose 23.3% in April compared with the same period last year] according to data released by the National Bureau of Statistics on May 11, factory gate prices across the country rose 6.8% in April from a year earlier, up 0.9% from a month earlier; purchasing prices for industrial producers rose 9.0% from a year earlier, up 1.3% from a month earlier. From January to April, the average ex-factory price of industrial producers rose 3.3% over the same period last year, and the purchase price of industrial producers rose 4.3%.
[Chilean National Copper's $1.4 billion Salvador copper project will break ground] Codelco, the world's largest copper producer, announced on Wednesday that it would soon break ground on a $1.4 billion project to extend the life of its old Salvador mine to 2068.
[Russian Longxing Company, a subsidiary of Zijin Mining, has passed ISO 14001 International Environmental Management system Certification] recently, Russian Longxing Company, a subsidiary of Zijin Mining, has obtained ISO 14001 International Environmental Management system Certification; at the same time, the technical renovation design of tailing pond, dump and solid domestic garbage dump of the project has passed the Russian Federation National Ecological Appraisal.
[China Copper: 137% of the progress target for first-quarter net profit] prices of major products such as copper, lead and zinc have risen since 2021. China's copper industry seizes the opportunity, carefully organizes and reasonably arranges production, strives to tap production potential, and strives for high-price dividends of its main products. In the first quarter, the operating profits of copper mines and lead-zinc mines exceeded progress by 25% and 9% respectively.
[OCBC Bank: copper prices will continue to rise by as much as $12000] Copper and iron ore prices have both hit record highs in the past week. Strong demand from China, including construction and non-construction use, is expected to continue to push copper and iron ore prices higher. OCBC (OCBC) Bank strategists expect copper and iron ore to test $12000 and $250a tonne respectively over the next 12 to 18 months.
[Jinyuan Futures: peaking signal to the end of the copper price rally] Copper prices have slowed down before, but the overall trend is still in an upward trend. The direct reason for the decline in copper prices comes from macro factors at home and abroad. Credit data for April were released in China, which was lower than expected, while inflation in the United States exceeded expectations, raising market concerns about future monetary policy tightening. As a result, US bond yields and the dollar have rebounded sharply. The recent fierce rise in copper prices has been out of the scope of the fundamentals, after the acceleration, it is doomed to be difficult to last.
[global electrolytic aluminum supply and demand pattern and price trend outlook for 2021-2022] overall, the previous aluminum price exceeding 20, 000 / ton is not entirely a fundamental factor. The macro aspect also has a greater impact. For example, the market liquidity is very abundant, and the M2 growth rate is still strong after the epidemic, injecting fuel into the rise in aluminum prices. At present, there is no obvious negative spot in aluminum prices for the time being, and if funds are willing to continue to enter the market, there is still room for a small rise in prices. However, at present, the point is in a relatively high range, so it is not recommended to enter the field in a high position. As for when there will be a significant trend correction, attention should be paid to when fundamental inventories continue to accumulate.
[Gansu Science and Technology Plan major project "Nickel Industry chain key Technology Development and industrialization" passed the final acceptance evaluation] on April 30, the Gansu Science and Technology Plan major project "Nickel Industry chain key Technology Development and industrialization" led by Jinchuan Group passed the final acceptance evaluation.
Just a few days ago, periodic stocks were still a scene of prosperity. At that time, there were a lot of hot words on the Internet, such as "unarmed, looking for coal to quench thirst, losing charred arms" and so on. However, only three trading days later, the situation took a U-turn, and periodic stocks were hit for the second time in the last three trading days. Lu'an Huaneng, Jiugang Hongxing, Shanxi Coking, Chongqing Iron and Steel and other dragon stocks close to the limit. In terms of futures, black suffered a collective setback, with iron ore down 8%, coking coal down more than 5% and threads down nearly 4%.
[Huahong Technology: signed a long-term supply Agreement with Gansu rare Earth] Jiangsu Huahong Science and Technology Co., Ltd. announced that the company's secondary wholly-owned subsidiary Jishui Jincheng New Materials processing Co., Ltd. ("Jishui Jincheng") signed a "long-term supply Agreement" with Gansu rare Earth New Materials Co., Ltd. ("Gansu rare Earth"). The signing of the above long-term supply agreement is to lock in the supply of rare earth oxides in Jishui Jincheng in the next 12 months, and the specific transaction price is the spot price in the future.
[the Australian government supports the Eneabba rare earth smelter in ILuca] the Eneabba refinery, if implemented, will be able to process some third-party rare earth concentrates. (Iluka) previously disclosed that it was conducting a feasibility study to develop a fully integrated rare earth refinery in Eneabba, Western Australia. The company also said it was in extensive contact with the Australian government on this development.
[Adamas: demand for rare earth permanent magnets will increase fivefold] according to a recent report by Adams intelligence company (Adamas Intelligence), the market share of rare earth oxide magnets will increase fivefold from the current $2.98 billion to $15.65 billion in 2030. According to analysis, the reasons for promoting growth include: on the one hand, the overall demand for rare earth oxide magnets is expected to grow at an average annual rate of 9.7%; second, the price is expected to increase at an average annual rate of 5.6%. 9.9%.
[Sibao Technology: recently, the price of 107 glue, the company's main raw material, has gradually dropped and predicted that the price will remain in a reasonable range.] Sibao Technology said on the interactive platform that the price of 107 glue, the company's main raw material, has fluctuated greatly in recent years. In the short term, because the price increase of the company's products lags behind the price increase of the main raw materials, short-term profits will be under pressure; in the long run, the increase in the price of raw materials will make it more difficult for some small and medium-sized enterprises of their peers to purchase, superimposed on the fact that they are more sensitive to raw material prices, and compress their development space, so as to further enhance the concentration of the industry, which is conducive to the The company signs the opening contract with the downstream customers and will timely adjust the price of the products according to the price trend of raw materials. Recently, the price of 107 glue, the main raw material of the company, has gradually dropped, and it is predicted that the price of 107 glue will be maintained in a reasonable range.
[global chip shortages are likely to last until 2023] according to foreign media reports, Glenn O'Donnell, vice president of research at consulting firm Forrester, believes the semiconductor shortage is likely to last until 2023. "because demand will remain high and supply will continue to be constrained, we expect the shortage to last from 2022 to 2023," he wrote in a blog post.
Terminal information
[Volvo is considering listing on the Swedish Stock Exchange at the end of this year] it is reported that Volvo is considering an initial public offering ((IPO)) on the NASDAQ Stock Exchange in Stockholm, Sweden later this year. In February, the Swedish carmaker, controlled by China's Zhejiang Geely Holdings Co., Ltd., abandoned plans to merge with Hong Kong-listed Geely. In a statement at the time, Volvo hinted that it might seek an independent listing.
[Toyota's 2021 net profit of 2.25 trillion yen is not expected to have a significant impact on the company.] on May 12, Toyota announced its fiscal year 2021 (April 1, 2020 to March 31, 2020) fourth quarter (January 1 to March 31, 2021) and financial results for the whole fiscal year. In the fourth quarter, Toyota's global sales rose 5.3 per cent year-on-year to 2.21 million vehicles, while revenue rose 11 per cent to 7.69 trillion yen ($69.79 billion).
[2 times in 3 days "limit" Changan Automobile share price will be imminent? In early trading on May 12, the automotive sector as a whole strengthened. As of 9 per cent, the Shen-in-case auto industry index was up 0.90 per cent, Bojun Technology was up more than 10 per cent and BAIC Blue Valley was up more than 5 per cent, according to Wind. Among them, the most eye-catching one is Changan Automobile (SZ:000625). After sealing the rising limit on May 10, it is now trading at 21.45 yuan on the same day, and the total market capitalization is back to hundreds of billions.
[Volvo is considering listing on the Swedish Stock Exchange at the end of this year] it is reported that Volvo is considering an initial public offering ((IPO)) on the NASDAQ Stock Exchange in Stockholm, Sweden later this year. In February, the Swedish carmaker, controlled by China's Zhejiang Geely Holdings Co., Ltd., abandoned plans to merge with Hong Kong-listed Geely. In a statement at the time, Volvo hinted that it might seek an independent listing.
[Derek Lithium Power won 174 million revenue last year] in 2020, Derek Lithium Power had an operating income of 174 million yuan, a net profit of 34.42 million yuan, and a weighted average return on net assets of 20.07%. Specifically, lithium-manganese battery is the company's main source of income, with operating income of 170 million yuan in 2020 and lithium-iron battery income of 42 million yuan.
[Huahong Semiconductor's first-quarter net profit was $33.1 million, up 63% from a year earlier] Huahong Semiconductor's first-quarter revenue was $304 million, up 50.3% from a year earlier; its first-quarter net profit was $33.1 million, compared with $20.3 million in the same period last year, up 63% from a year earlier.
[Sheng Bang Co., Ltd.: is speeding up the development of new suppliers to dig into signal chain chips in the future] "since the second half of 2020, the semiconductor integrated circuit industry continues to have the phenomenon of production capacity shortage, chip shortage, price rise and so on." Zhang Qin, vice chairman and secretary of 300661.SZ, said at the company's performance presentation yesterday that on the one hand, the "lack of core" has enabled the company to achieve rapid business growth and the company has been strongly supported by major suppliers; on the other hand, the company is also actively expanding new suppliers with a view to expanding capacity, increasing output and alleviating delivery pressure.
[domestic EDA manufacturer Xin Huazhang has been established in less than a year and a half and completed six rounds of financing] Xin Huazhang announced today that it has completed more than 400 million yuan in Pre-B round financing, led by Yunfeng Fund, with the participation of Matrix Partners China and Procapital (its State Development equipment Fund). Tianyan survey shows that from August 2020 to January 2021, Xinhuazhang has completed five rounds of financing, after the completion of this round of financing, the company accumulated financing amount of more than 1.2 billion yuan.
[global chip shortages are likely to last until 2023] according to foreign media reports, Glenn O'Donnell, vice president of research at consulting firm Forrester, believes the semiconductor shortage is likely to last until 2023. "because demand will remain high and supply will continue to be constrained, we expect the shortage to last from 2022 to 2023," he wrote in a blog post.
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