[SMM Metal Morning reference] Metal general rise international crude oil futures hit a new high * Power limit + overhaul May Electrolytic lead production did not increase but decreased * Dragon Python once again raised the price of titanium dioxide

[macro outlook] focus on China's annual CPI rate in May and Germany's unquarterly trade account in April

[overnight market] the dollar stopped falling and rose, and precious metals were under pressure.

Last night, metal prices rose and Lun copper closed higher, boosted by optimism about the economic recovery, but trading volume was low, and analysts pointed out that copper prices are likely to show more downtrend.

The dollar rose slightly and the decline halted. The dollar's decline is likely to pause ahead of the Federal Reserve meeting in June. The short-term decline in the dollar is expected to be limited, and the dollar may not fall further until the Fed's June meeting. If the US consumer price index (CPI) released on Thursday is strong, it could add to the strength of dollar support ahead of the Fed meeting.

In terms of U. S. stocks, U. S. stocks closed mixed on Tuesday, with the S & P 500 close to an all-time high. Investors are weighing the prospect of improving economic conditions against rising inflation and are waiting for a new batch of inflation data to be released later this week. The Dow closed down 30.42 points, or 0.09%, at 34599.82; the Nasdaq was up 43.19 points, or 0.31%, at 13924.91; and the S & P 500 was up 0.74, or 0.02%, at 4227.26.

In terms of crude oil, international crude oil futures hit a more than two-and-a-half-year high on Tuesday after US Secretary of State Abraham Lincoln said hundreds of US sanctions against Tehran would continue even if the US reached a nuclear deal with Iran. The United States told Iran on Tuesday that the International Atomic Energy Agency ((IAEA)) must continue to monitor Iran's activities, or broader negotiations to restart the Iran nuclear deal would be affected. Earlier, the monitoring agreement between IAEA and Iran was extended until June 24. Affected by this, more Iranian oil supplies will not return to the market any time soon.

In precious metals, gold weakened on Tuesday, with a stronger dollar offsetting a decline in US Treasury yields as investors waited for US inflation data, which could affect the FED/ Fed's timetable for scaling back monetary support. Analysts pointed out that the US consumer price index (CPI), to be released on Thursday, could trigger fears that the Federal Reserve will start to scale back its loose monetary policy, pushing gold prices lower.

Yesterday, the three major A-share indexes fell all the way after rising in early trading, and the afternoon low was weak, and the Prev closed down 0.54%. Individual stocks fell more than rose less, liquor concept stocks fell collectively today, closing the falling limit in batches in the afternoon, and the plate index fell more than 6%. Funds continue to focus on domestic software, Hongmeng concept stocks and other topics, popular leading run and software rose 190% in the past month, in addition, Shanghai local stocks are strong throughout the day, ST plate rose sharply for two consecutive days, lithium battery plate continued to divide, carbon-neutral popular stocks changed in the afternoon, military industry, 5G plate stocks rose in late afternoon. On the disk, Hongmeng concept, General Aviation, ST plate led the increase, liquor, salt lake lithium, photoresist and other decline in the forefront. As of the close, the Prev index fell 0.54% to close at 3580 points; the Shenzhen Composite Index fell 0.98% to close at 14716 points; and the gem index fell 0.61% to close at 3208 points. Shanghai shares sold a net of 397 million yuan, while Shenzhen stocks bought a net purchase of 698 million yuan.

LME inventory

Macro focus

[the export growth rate and trade surplus are lower than expected. The market expects the RMB exchange rate to depreciate.] on June 8, the midpoint of the RMB exchange rate against the US dollar was 6.3909 yuan. Recently, China's import and export data for May released, export growth and trade surplus are lower than expected. With the acceleration of global vaccination, major economies and some emerging economies continue to recover, the supply side has improved, the irreplaceability of China's exports may decline, the future export growth rate and trade surplus may be difficult to maintain the previous high, and the supporting effect of the current account surplus on the RMB exchange rate may be weakened. In view of the recent increase in dividends and foreign exchange purchases by Chinese enterprises, the central bank has raised the required reserve ratio for foreign exchange deposits to freeze foreign exchange liquidity, the reaction to the decline of the RMB exchange rate against the US dollar index has been blunted, and there have been subtle changes in market expectations of the RMB exchange rate. there are signs of a gradual tilt towards depreciation.

[the national carbon emissions trading system will continue to be tested after passing the technical acceptance] the Shanghai United property Exchange announced that the national carbon emissions trading system has successfully passed the technical acceptance. Today, the national carbon emissions trading system will continue to be tested after the completion of technical acceptance. At present, the construction and design of the national carbon emissions trading system have been completed and meet the online requirements, and it is planned to start online trading at the end of June.

[Shenzhen: the goal of doubling the total economic output and per capita GDP by 2035] the 14th five-year Plan for Shenzhen's national economic and social development and the outline of the long-term goals for 2035 have been announced. By 2035, we will build an innovative, entrepreneurial and creative capital with global influence, become an example of cities in China to build a powerful socialist modernization country, and take the lead in realizing socialist modernization. To become a high-quality development highland, the comprehensive economic competitiveness of cities is among the leading in the world, and the total economic output and per capita GDP will double on the basis of 2020.

[Shenzhen: resume the listing function of the main board of the Shenzhen Stock Exchange and launch Shenzhen Stock Index Futures] Shenzhen issued the 14th five-year Plan for National Economic and Social Development and the outline of the long-term goals for the year 2035. The outline proposes to promote the reform of the capital market, restore the listing function of the main board of the Shenzhen Stock Exchange, launch Shenzhen stock index futures, and constantly enrich the stock index futures product system. The pilot project of statistical accounting of data factors of production will be carried out.

[Shanghai Stock Exchange: national carbon emissions trading system successfully passed technical acceptance] on June 1, the Shanghai Stock Exchange held a national technical acceptance meeting on carbon emissions trading system. The meeting was organized by Shanghai Investment Consulting Group Co., Ltd. and invited five experts from the city's low-carbon economy Research Center, Green Development Center, Sheneng carbon Technology Co., Ltd., Shanghai Stock Exchange and Wanda Information Group in the fields of information security, carbon management, carbon trading, environmental management and data information.

Taiwan's exports rose 38.6 per cent in May from a year earlier, with an estimated 30.5 per cent. Taiwan's trade surplus in May was 6.16 billion US dollars, and the market estimated a surplus of 6.4 billion US dollars.

[Hong Kong HKMA: to explore the issue of digital currency] the Hong Kong HKMA has announced the Financial Technology 2025 strategy, which proposes to strengthen preparations for the issuance of central bank digital money in Hong Kong at the wholesale and retail level. Apart from continuing its efforts on central bank digital money at the wholesale level, the HKMA is working with the Hong Kong Centre of the Bank for International Settlements innovation hub to study central bank digital money at the retail level. Later on, the HKMA will start to study the local retail Hong Kong dollar digital currency (e-HKD) to explore its use cases, advantages and associated risks. The HKMA will also continue to work with the people's Bank of China to conduct technical tests on Digital RMB (e-CNY) in Hong Kong to provide convenient cross-border payment services for Hong Kong and mainland residents.

[9977 new confirmed cases in Russia totaled more than 5.14 million] according to the latest data released on the official website of novel coronavirus epidemic prevention in Russia on the 8th, there were 9977 new confirmed cases by COVID-19 in Russia, a total of 5145843 confirmed cases, and 379new deaths of COVID-19, with a total of 124496 deaths.

[France carries out the third phase of unsealing as scheduled, experts predict that the summer epidemic will be stable] France will begin the third phase of "unsealing" on the 9th as scheduled, when restaurants will open indoor areas, the start time of curfew will be postponed to 11:00 in the evening, and telecommuting related measures are expected to end. According to a number of latest data, the epidemic in novel coronavirus in France has slowed down. Del Fleisi, chairman of the French official Scientific Committee on dealing with the epidemic, said on the 8th that as long as the control of epidemic prevention is not unduly relaxed, the epidemic situation in summer will be relatively stable. He believes that epidemic prevention measures such as maintaining social distance and wearing masks should continue, and the measures of wearing masks outdoors should be maintained at least until the 30th of this month.

[official release of the 14th five-year Plan for the Development of Finance and Trade in the New area of Shanghai near Hong Kong] on June 8, the release of the 14th five-year Plan for the Development of Finance and Trade in the New area of Shanghai and the Promotion Conference for the High-quality Development of Offshore Trade was held in Yangshan International Trade Building. At the event site, the 14th five-year Plan for the Development of the Financial Industry in the New area of Hong Kong and the 14th five-year Plan for the Development of New International Trade in the New area of Lingang were officially released. After the press conference, the four major platforms, namely, the Offshore Trade Innovation and Development practice area, the Offshore Trade Monitoring Center, the Offshore Trade Service Center, and the Offshore Trade Innovation and Development Research Base, were officially unveiled, and the offshore trade and international financial services platform near Hong Kong was officially launched.

[state Bureau of Mine Safety Supervision: resolutely reverse the momentum of frequent occurrence of Mine Accidents] on June 8, the State Administration of Mine Safety Supervision held a national video conference on mine safety production, which demanded that the responsibility of safety supervision and supervision be strictly implemented. step up overt and covert visits and law enforcement efforts to ensure that guarantees, marking, inspection and other institutional measures and responsibilities for all kinds of mines are in place to strictly prevent leakage pipes from getting out of control. The meeting stressed that due to the impact of the epidemic and rising commodity prices, the situation of mine safety production across the country has been grim and complicated since the beginning of this year. As "July 1" is approaching, it is of great significance and arduous task to do a good job in mine safety production work, so we must further strengthen the political consciousness, ideological consciousness and action consciousness of doing well the current mine safety production work. In accordance with the requirements of "grasping major risks, controlling major hidden dangers, and preventing major accidents," we should strictly prevent accidents such as coal and gas outburst, water disasters in flood season, rock burst, and fire, and strictly control the risks caused by fault structural zones, maladjustment in mining, and weak safety foundations. we will resolutely guard the bottom line that no major and serious accidents will occur.

[China's first ETC port collection and distribution system settled in Rizhao] the country's first port collection and distribution system based on ETC technology has recently been tested and officially put into operation in Rizhao Port, Shandong Port, greatly shortening the time for vehicles to enter and leave the port and improving the efficiency of cargo operation. At present, the port collection and distribution system has covered the collection and distribution operations of bulk goods and liquefied chemicals in Rizhao Port. Compared with the original traditional active radio frequency card model, the travel time in and out of the port is reduced by 50%, and the weighing time of vehicles is reduced by 30%.

Today's focus

[SMM China basic Metal production data release in May 2021] SMM China basic Metal monthly production data is scheduled to be released around the 8th of each month, aiming at starting from the essence, excavating the real fundamental situation, opening up the illusion of the capital market for the industry chain and investors, and more clearly grasping the future trend of the non-ferrous market. "View details

According to data from the General Administration of Customs, the import volume of Chinese copper concentrate in May was 1.945 million physical tons, an increase of 1.25% over the previous month, and an increase of 15.02% compared with the same period last year. From January to May, the total import volume of copper concentrate was 9.827 million physical tons, an accumulative increase of 6.04%. "View details

[June 8 recycled copper daily review: the sales of finished products in processing plants are not smooth and want to decline the starting level] according to downstream processing manufacturers, the epidemic situation in Foshan has had a certain impact on the supply and procurement of recycled copper, and the overall supply situation is tight. Prices remain strong, while manufacturers' sales of finished products are not smooth. "check the details.

[ADC12 price evaluation aluminum price fell again] aluminum price did not continue the upward momentum, today suffered a setback, SMM A00 aluminum price fell 170 yuan / ton to 18360 yuan / ton compared with yesterday, recycled aluminum price fell by a large margin. "View details

According to SMM data, China produced 6.419 million tons of alumina in May (31 days), including 6.209 million tons of metallurgical grade alumina and 200300 tons of metallurgical grade alumina per day, an increase of 1.8% over the previous month. "View details

[China's electrolytic aluminum production in May caused a lot of disturbance on the supply side of SMM data] according to SMM data, China's electrolytic aluminum production in May 2021 (31 days) was 3.315 million tons, an increase of 7.95 percent over the same period last year. China produced a total of 16.251 million tons of electrolytic aluminum from January to May in 2021, an accumulative increase of 8.30 percent over the same period last year. There are a lot of disturbances in the production reduction in May. "View details

[aluminum bar spot daily review: base price drop aluminum bar processing fee increase market transaction is still not good] Today, SMMA00 aluminum ingot price fell to 18360 yuan / ton, the holder raised its aluminum bar processing fee 20-60 yuan / ton, but downstream buying interest is not high, after the transaction is not good, some traders continue to reduce its processing fee 20-30 yuan / ton, the overall market transaction is general. Details of this morning's offer are as follows. "View details

[SMM data: electrolytic lead production in May did not increase but decrease in May] SMM6 on the 8th: in May 2021, the national production of electrolytic lead was 264800 tons, down 0.38% from the previous month and 0.03% from the same period last year. From January to May in 2021, production increased by 6.94% compared with the same period last year. The total production capacity of the enterprises involved in the survey in 2021 will be 5.481 million tons. "View details

[SMM investigation: recycled lead smelter centralized overhaul, recovery, superimposed environmental control production tends to stabilize May recycled lead production recorded increase] SMM June 8: national recycled lead output in May 2021 was 331200 tons, an increase of 7.73% over the previous month, an increase of 34.55% over the same period last year, and a cumulative output of 1.5 million tons from January to May in 2021, an increase of 109.14% over the same period last year. "check the details.

[SMM data: Indonesia's nickel-iron production line continued to increase by 73800 tons in May] Indonesia's nickel pig iron output in May 2021 was 73800 nickel tons, an increase of 2.32 percent over the previous month, with a year-on-year increase of 69.2 percent. In 2021, Indonesia added a total of four new nickel-iron production lines, with a new production capacity of 43000 nickel tons per year. "View details

[the high nickel output of SMM data Materials Plant significantly increased the output of lithium carbonate in Qinghai] in May 2021, China produced 4640 metal tons of cobalt sulfate, an increase of 5 percent from the previous month and 69 percent over the same period last year; lithium carbonate production was about 21293 tons, which continued to grow by 10 percent and 44.6 percent from the same period last year; and the output of ternary materials in China was about 33030 tons, an increase of 9.2 percent from the previous month and an increase of 152.7 percent over the same period last year. "View details

[SMM analysis: Yunnan power cuts have been alleviated] the news of power cuts and outages of private tin factories in Yunnan provides support for tin prices. according to the latest understanding of SMM, the state of power cuts and outages of tin factories in Yunnan has been partially restored, the furnaces with high power consumption are still in a state of shutdown, and some of the electrolysis links have resumed operation, alleviating the situation of supply shortage to a certain extent. "check the details.

[SMM hot rolling arrival market order enthusiasm decline mainstream market arrival continues to shrink] SMM Steel, according to SMM statistics, this week estimated that the total market resources arrival volume of 185500 tons, a month-on-month decrease of-26000 tons, a drop of 12%. Look at the market by market, "check the details."

[SMM Coke spot Daily Review Luliang Fenyang area issued production restriction Policy Shanxi Coke stable] SMM June 8 Coke spot Daily Review: Shanxi Coke spot Market operates steadily today. In terms of supply, Fenyang District, Luliang, Shanxi Province has issued a production restriction policy, with coke enterprises limiting production by about 30%, and coke supply in Luliang area has been reduced. at present, the operating rate of most coke enterprises in Shanxi is maintained at a high level, the shipment is smooth, and the coke inventory is mostly maintained at a low or no inventory state. On the demand side, most steel mills maintain a wait-and-see attitude and reduce their willingness to replenish coke inventory. In the later stage, they need to continue to pay attention to the inventory situation and environmental production restrictions of coking plants in Shanxi Province. "View details

According to SMM, national stainless steel production totaled about 2.9037 million tons in May, down 35100 tons from April, a month-on-month decrease of 1.19% and a year-on-year increase of 21.49%. "View details

[SMM Electrolytic Manganese Daily Review short-term Manganese City supply and demand Game atmosphere increased] SMM June 8, the mainstream area of manganese triangle spot tax ex-factory price around 16300-16500 yuan / ton, up 50% from yesterday's average price; Guangxi spot tax ex-factory price around 16400-16500 yuan / ton, 50% higher than yesterday's market price. "View details

[SMM survey: national praseodymium-neodymium oxide production increased by 6% in May] according to SMM statistics, China's praseodymium-neodymium oxide output in May was 6395 tons, an increase of 6% over the previous month. From a regional point of view, the top five provinces in China in May are Inner Mongolia, Jiangxi, Jiangsu, Sichuan and Shandong. "View details

[SMM indium industry analysis: indium price weak conjecture-the original pan-Asian auction of indium ingots may have been introduced into the market] according to information channels from SMM, the original pan-Asian public auction of refined indium inventory, originally placed in the Kunming warehouse of Changyue Feiping Nonferrous Metals Storage and Transportation Co., Ltd., nearly one thousand tons of indium ingots has been taken away by the final buyers who have successfully auctioned. "View details

[SMM magnesium ingot spot KuaiBao demand sluggish magnesium price decline] SMM June 8: today, the mainstream ex-factory price of 90 magnesium ingots in Fugu area is 18700-18800 yuan / ton, and the mainstream ex-factory price of 95B magnesium ingots is 19000-19200 yuan / ton. Today, the ex-factory price of magnesium ingots in the main producing areas is 200 yuan / ton lower than that of yesterday. Please see the detailed quotation and reasons for the reduction. "View details

[SMM sponge titanium spot KuaiBao sponge titanium price high stable] SMM June 8: the current level 1 sponge titanium price is high and stable, the mainstream quotation is 68000 yuan / ton. "View details

Important news of metals and industry

[general Administration of Customs: raw materials involving imported recycled steel, recycled copper and recycled cast aluminum alloy must be inspected] the General Administration of Customs has decided to adjust the catalogue of import and export commodities that must be inspected: first, the supervision condition "A" shall be cancelled for 234 10-digit customs commodity numbers involving mechanical and electrical products, metal materials, chemical products, simulation ornaments and other 10-digit customs commodity numbers, and the customs will no longer carry out import commodity inspection on related commodities. Second, the supervision condition "A" shall be added to the eight 10-digit customs commodity numbers involving imported recycled raw materials, and the customs shall carry out import commodity inspection on the relevant commodities.

[Chile's copper exports rose 70 per cent in May from a year earlier] Chile's central bank on Monday reported a trade surplus of $1.314 billion in May as its copper exports soared. Copper exports rose 70 per cent in May from a year earlier to $4.967 billion as copper prices soared to record highs. Chile's exports totaled US $7.92 billion, while imports totaled US $6.606 billion.

[SMM China's electrolytic copper output in May was 850100 tons, down 3.1% from the previous month, an increase of 9.5% compared with the same period last year.] since May, the smelter has entered the peak maintenance season, and domestic electrolytic copper production has finally decreased compared with the previous month, mainly from Xiangguang, Jinlong and China Copper. Although the remaining smelters, such as Chifeng Golden Sword and Tongling Golden Crown, were also overhauled in May, due to the high crude copper processing fees in recent months, the purchase of a large number of crude copper and anode plates did not affect the actual output, and the output of some smelters even increased instead of falling.

After soaring copper prices, the world's largest copper producer debated whether to continue to raise taxes on mines. If the copper royalty bill is passed by the Senate without changing the word, the Chilean mining tax rate may exceed 70%, much higher than that of other major mining countries.

[Yunnan Copper Industry: transfer of 63.408% shares and related claims of Jinsha Mining by Public listing] Yunnan Copper announced that in order to optimize its asset structure, the company intends to transfer its 63.408% shares and related creditor's rights of Jinsha Mining by means of public listing, with a proposed transfer price of 721 million yuan. Yunnan Copper Industry said that Jinsha Mining has abnormal production and operation in recent years, with annual losses, with a cumulative loss of 798 million yuan in the past three years. At present, none of the three main mines are in normal production.

According to the reply of the Circular on further expanding the orderly Power consumption scale of Yunnan Electroweb issued by the Yunnan Provincial Energy Bureau on June 6, the scale of orderly power consumption is specifically as follows: on May 10, May 31, the maximum off-peak power was no more than 6 million kilowatts; in early June, the maximum off-peak power gradually decreased to no more than 4 million kilowatts; in mid-June, the maximum off-peak power gradually decreased to no more than 2 million kilowatts; The orderly use of electricity in the province will be suspended by the end of June. The proportion of green aluminum participating in orderly power consumption is no more than 25%.

[China Energy Construction: Gezhouba signs contract Agreement for Indonesian Raman Alumina Refinery] China Energy Construction announced on the Hong Kong Stock Exchange, the Indonesian representative office (leader) of China Gezhouba Group Co., Ltd., a subsidiary of the company, signed an onshore construction contract agreement for the Indonesian Raman alumina refinery project with a consortium of other two companies. The main work of the project is to build an alumina refinery with a production scale of 2 million tons per year and a self-provided coal-fired power plant with an installed capacity of 120MW, including the design, supply, installation and construction of alumina refineries and self-provided coal-fired power plants. The total contract amount of the project is 1.394 billion US dollars, equivalent to about 8.89 billion yuan.

[Vale's suspension of Timbopeba iron ore mining affects iron ore production capacity of 33000 tons / day] Vale said the suspension was due to the suspension of operations of its Estrada de Ferro Vitoria Minas (EFVM) railway on the Fabrica Nova section.

[Mexico continues to impose anti-dumping duties on Chinese stainless steel sinks] the Mexican Ministry of Economic Affairs issued an announcement, decided to end the anti-dumping sunset review investigation on stainless steel sinks originating in China, and the original anti-dumping duty of 4.14-5.4 US dollars / kg will continue to be implemented for five years from May 9, 2020. The Mexican customs code for the products involved is 7324.10.01. The announcement shall take effect from the day after it is issued.

[Baotou Steel Co., Ltd.: signing Cooperation Framework Agreement with Baowu Qingneng and Baowu carbon] Baotou Steel shares announcement, in order to effectively improve the utilization efficiency of the company's assets such as oxygen, nitrogen, compressed air, hydrogen and the roof of the plant, the company intends to carry out joint venture and cooperation with Baowu Qingneng, and sign the Cooperation Framework Agreement through friendly negotiation. At the same time, the company plans to jointly invest in the construction of 300000 tons of tar deep processing project with Baowu carbon materials, and sign the Cooperation Framework Agreement after friendly negotiation.

Vale finalised the premium for BF pellets (blast furnace pellets) at $62 a tonne in the third quarter of 2021, up from $52 a tonne in the second quarter and $40 in the first quarter. The company set the premium for DR pellets (direct reduction balls) at $70 a tonne in the third quarter, up from $60.20 a tonne in the second quarter and $46.2in the first quarter.

[SMM News] according to the latest news from SMM, the situation of power cuts in Yunnan has improved, and the indicators of power cuts are decreasing day by day. Yunnan Xiye refineries are gradually resuming work and production, and the shortage of supply is expected to be alleviated.

[international crude oil rose to a two-year high and retail prices of oil products opened an upward window] institutional statistics show that during this pricing cycle, international crude oil is in a high and narrow upward trend, and the two major crude oil futures indicators have climbed to their highs in nearly two years. Brent broke through the $70 / barrel mark for the first time, and the continuous rise of crude oil supported the retail price of refined oil to fluctuate and rise in the positive range. The window for the current round of retail price limit increases will open at 24:00 on June 11.

[Dragon python: increase the sales price of various types of titanium dioxide] long python announcement, starting from July 1, 2021, the company's sales prices of various types of titanium dioxide (including sulfuric acid titanium dioxide and chlorinated titanium dioxide) are increased by 500 yuan / ton to all kinds of customers downstream on the basis of the original price. It was disclosed on the same day that Li Ling, a shareholder with a stake of 5.68%, planned to reduce his stake in the company by no more than 0.7%.

[star Chemical 200000 tons of silicone monomer will soon be put into production] on the evening of June 7, Star Technology issued a foreign investment announcement to increase the capital of its holding subsidiary Inner Mongolia Star Chemical Co., Ltd. to speed up its annual production of 120000 tons of high-performance silicone polymer project. At the same time, according to relevant sources, the first phase of Star Chemistry in Inner Mongolia with an annual production capacity of 200000 tons of organosilicon monomers will be put into trial operation in October.

[American Resources successfully obtained 99.5% purity of rare earth elements (neodymium) from waste magnets] American Resources, the next-generation supplier of raw materials for new infrastructure and electrification markets, recently announced that it will use its exclusively licensed ligand-assisted replacement ("LAD") chromatography process in conjunction with its sponsored research partnership with Purdue University. The application of high purity technology of rare earth element (REE) neodymium (Nd) has been realized successfully. Through the recycling of discarded permanent magnets, the company can separate and purify the inherent neodymium with a purity of 99.5%.

Terminal information

[sources say Apple tends to use lower-cost lithium iron phosphate batteries.] Apple is in preliminary talks with Chinese battery suppliers Ningde Times and BYD on battery supply for electric vehicle projects, according to four people familiar with the matter. Apple prefers lithium iron phosphate batteries because using iron for production, rather than higher-priced nickel and cobalt, makes production cheaper, the four people familiar with the matter said.

[Jiangsu Cathay Pacific: the Polish 40,000 tons / year lithium-ion power battery electrolyte project is in communication and previously raised the electrolyte price] news on June 7, an investor asked Jiangsu Cathay Pacific about the progress of the company's Polish 40,000 tons of electrolyte. In response, Jiangsu Cathay Pacific replied that at present, our Polish 40,000 tons / year lithium-ion power battery electrolyte project is in coordination with local regulators. On the other hand, the infrastructure and public works supporting construction of the Polish Prusice 40, 000 tons / year lithium-ion power battery electrolyte project are also being carried out smoothly, and are progressing steadily in accordance with the original plan.

Minsheng Securities Research newspaper believes that among the major new cars listed at home and abroad in 2021, the proportion of ternary high nickel is relatively high, including popular models such as Tesla Model Y/Cybertrunk, Volkswagen ID.4/ID.6, Nissan Ariya, etc., which is expected to lead to a further increase in the permeability of high nickel in ternary materials. The industry predicts that the permeability of high-nickel ternary materials will reach more than 60% and 70% by 2025.

[Wachovia New Materials: plans to purchase production equipment related to the Wet separator Project of Power Lithium Battery for US $258 million] on the evening of June 7, Wachovia New Materials announced that in order to promote the smooth implementation of the construction project of wet separator industrialization of power lithium battery, Anhui Meixin New Materials Co., Ltd., a holding subsidiary, decided to purchase the production equipment related to the project from Zipu Machinery Co., Ltd., and signed four sales contracts. The total price is equivalent to about 258 million yuan.

Tianyuan shares said that the company's important shareholding company Yibin Libao Ternary cathode Materials currently has a production capacity of 20,000 tons per year and operates at full load. At present, we are pressing ahead with the expansion of the project, and it is expected to add 10,000 tons of production capacity by the end of this year.

[Strategy Analytics: Infineon replaces NXP as the first supplier of automotive semiconductors] according to the latest "Market share report of Automotive Semiconductor Manufacturers 2020" released by Strategy Analytics, the global Top 5 automotive semiconductor suppliers are Infineon, NXP, Renesas, Texas Instruments and Italian and French Semiconductors. In 2020, these five suppliers accounted for nearly 49 percent of the global automotive semiconductor market. Infineon replaced NXP as NO.1, a supplier of automotive semiconductors. In addition, StrategyAnalytics estimates that revenue from automotive semiconductor suppliers fell from $37.2 billion in 2019 to $35 billion in 2020, down 6 per cent from a year earlier.

[Gree Electric Appliance (Zhengzhou), Henan Unicom and ZTE sign 5G Strategic Cooperation Agreement] ZTE official website on June 8, recently, Gree Electric Appliance (Zhengzhou) Co., Ltd., Henan Branch of China United Network Communications Co., Ltd., and ZTE Co., Ltd. signed a 5G strategic cooperation agreement. According to reports, the three parties will jointly strive for the landing of innovative application scenarios such as 5G industrial Internet, cloud AGV and machine vision in the industrial manufacturing industry.

[Goldman Sachs: the global chip shortage will gradually ease in the second half of this year] Andrew Tilton, chief Asia economist at Goldman Sachs, said the supply chain disruption caused by the global chip shortage may soon be over. Goldman Sachs analysts believe that we may be in the worst of times, and we are now seeing downstream industries such as cars being hit hardest, but this situation will gradually ease in the second half of this year.

After Jingyuan Power, another testing plant in Taiwan, Chaofeng, another testing plant in Taiwan, has also fallen into the epidemic crisis. The latter's customers include a number of MCU manufacturers, including Sheng Qun, Songhan, Lingtong, Wei Hermeneutics, and so on. The end products are mostly small household appliances and consumer electronics products.

The price of LED power chip skyrocketed 1.85 times! Tight supply is difficult to ease semiconductor allocation opportunities in the short term] on June 5, the heat of the semiconductor sector continued, with the Shenwan Semiconductor Index rising more than 2% for two consecutive trading days. A reporter from the Financial Associated Press recently learned that the price of the LED driver power chip has increased by 185% compared with the previous period, and many manufacturers have also made clear plans to increase the price. Relevant analysis points out that the shortage of chip supply is difficult to alleviate in the short term, and it is suggested that semiconductors should be taken as one of the main configuration lines in the second half of the year There is also a view that the rise in chip prices will drive up downstream costs, and small and micro enterprises will be in a very difficult situation.

The global chip shortage, which began in June last year and broke out at the end of last year, has lasted for a year. How to alleviate the "core shortage" which is still spreading is still urgent for automobile enterprises. "in order to alleviate the shortage of semiconductors, Foxconn will assist Geely in its contract manufacturing." On June 8, a person familiar with the matter revealed to reporters. However, the news has not been officially confirmed by Geely.

[Citic Securities: BYD's May sales of electric vehicles continue to rise] on June 8, CITIC Securities Research report pointed out that BYD's new energy vehicle sales in May 2021 were 32800, year-on-year + 190%, month-on-month + 28%, in line with expectations. The company's fourth-generation mixed DM-i model is on the market, with a full range of switched blade batteries, and recently released e-platform 3.0, pure electric models EA1 and XDream concept cars, which are in the upstream cycle of the model. The company's layout breakthrough in the field of intelligence is also worth looking forward to. In addition, BYD Semiconductor will be listed in 2021, and the company's neutralization strategy has been steadily advanced. Continue to focus on recommendations and maintain the Aban H "buy" rating.

[retail sales of new energy passenger vehicles reached 185000 in May, an increase of 177.2% over the same period last year] data show that wholesale sales of new energy passenger vehicles reached 196000 in May, an increase of 6.7% over April and 174.2% over the same period last year, showing a good trend of strong growth. Retail sales of new energy passenger cars reached 185000 in May, up 177.2 per cent from a year earlier and 17.4 per cent from April. Companies with retail sales of more than 10,000 vehicles include SAIC GM Wuling 33175, BYD 31908, Tesla China 21936, and GAC Eian 10395. From January to May, 857000 new energy passenger vehicles were wholesale, an increase of 253.3% over the same period last year. From January to May, retail sales of new energy vehicles were 776000, an increase of 235.7% over the same period last year.

[great Wall: car sales rose 6.18% in May from a year earlier] Great Wall announced that it sold 86965 cars in May, up 6.18% from a year earlier. 3597 new energy vehicles were sold in May, with a cumulative sales of 41804 from January to May.

[China Construction Machinery Industry Association: sales of 27220 excavators fell 14.3% in May compared with the same period last year] according to the statistics of 26 excavator manufacturing enterprises by the China Construction Machinery Industry Association, 27220 excavators of various types were sold in May, down 14.3% from the same period last year. Among them, 22070 were domestic, down 25.2% from the same period last year; and exports were 5150, up 132% from the same period last year. From January to May, a total of 200733 excavators were sold, an increase of 37.7% over the same period last year, of which 176735 were domestic, up 31.7% over the same period last year, and exports were 23998, an increase of 106% over the same period last year.