[live broadcast of rare Earth Forum] tight supply and good downstream demand is expected to push the price of rare earths stronger in 2021.
SMM Morning Review
SMM Tin Morning News: fundamentals, although the impact of limited electricity upstream is limited, but the smelter production will is not high, inventory to maintain a low spot market supply is tight, downstream enterprise production and future expectations of month-on-month growth and other factors have played a positive role in the trend of bulls. On the market trend, as the 2110 contract approaches the end of the transaction, long funds occupy an absolute advantage in the market trend and the total position is still large, it is very likely that in the near future, it will still use the idea of shock to pull up and change hands to leave the market.
"the trend is concussive, the upward trend reaches a new high, and the performance is leisurely in the event of a high exit.
"Click to view the price of SMM tin products
Summary of SMM Steel Morning meeting: the domestic coke market held steady for the time being yesterday. On the supply side, recently, due to the influence of environmental protection factors, the production restrictions of some coke enterprises in Shandong, Shanxi, Hebei and other regions may be tightened. Among them, the production restrictions of coke enterprises in Shandong are expected to last until the end of the year, and some backward production capacity may withdraw ahead of schedule. Some coke enterprises in Handan, Hebei Province have implemented production limits as high as 70%, the overall production level of coke enterprises has declined, and the tight situation of coke supply remains unchanged.
"the raw material end is basically stable. The price of building materials is easy to rise and difficult to fall.
"Click to view the price of SMM steel products
Overnight market
The dollar index fell 0.4% on Thursday, its biggest one-day drop in nearly a month. The lower dollar and optimism that China could avoid the devastating collapse of Evergrande, one of its largest real estate developers, generally boosted the metals market, with the exception of Lun Copper, which closed down 0.19 per cent.
"Click to view the price of SMM copper products.
Among them, Lunxi rose to $35710 at one point on Thursday, hitting a record high since Aug. 18, closing up 1.54 per cent. The trend of Shanghai tin coincides with that of Lunxi, which once rose to a new high of 283170 yuan / ton in intraday trading. By the end of the day, Shanghai Tin had risen 2.69 per cent to 282190 yuan per ton. In the outer market, with the exception of Lunchu and Lunxi, Lunni rose 1.54%, aluminum rose 0.62%, lun lead rose 0.92%, and lun zinc had the largest increase of 2.08%.
"Click to view the price of SMM zinc products
The whole line of domestic non-ferrous metals is floating red, which compares favourably with the performance of the outer market. Except for Shanghai Tin, Shanghai Nickel rose 1.85%, Shanghai Copper rose 0.32%, Shanghai Aluminum rose 0.24%, Shanghai Zinc rose 1.39%, and Shanghai lead rose 0.53%.
"Click to view the price of SMM nickel products
In terms of black, in addition to an increase of 0.6% in iron ore, threads, hot rolls and stainless steel all fell. Among them, stainless steel, which has a strong recent trend, fell the most, by 2.55%, hot coil by 2.11%, and thread by 1.94%.
"[overnight market] Metal gains in Shanghai and tin continue to hit an all-time high | the US dollar hit the biggest one-day decline in nearly a month.
U. S. stocks closed higher for the second day in a row on Thursday, with major stock indexes rising this week. The potential risk of the financial crisis eased and the Fed said yesterday that it would not immediately withdraw its stimulus measures, supporting the stock market. The Dow closed up 506.50 points, or 1.48%, at 34764.82; the Nasdaq was up 155.40 points, or 1.04%, at 15052.24; and the S & P 500 was up 53.34 points, or 1.21%, at 4448.98.
In terms of crude oil, oil prices rose for the third day in a row on Thursday. Oil prices have been supported by data released on Wednesday showing that US crude inventories fell to their lowest level since 2018, coupled with strong refinery demand and the continued slow recovery of US oil production in the Gulf of Mexico.
In precious metals, COMEX futures fell on Thursday as U.S. bond yields rose and investors favored risky assets as investors continued to prepare for the Fed to raise interest rates earlier than expected.
Today's macro aspect focuses on the total annualized total of new home sales after the quarterly adjustment in August in the United States, and the Gfk consumer confidence index in September in the United Kingdom, and other important data.
"[macro outlook] Today, we will focus on the total annualized sales of new homes after the August quarterly adjustment in the United States.
LME library
Today's focus
SMM analysis: what is the impact of Jiangsu energy consumption "double control" red light on the copper industry chain? According to the circular of the National Development and Reform Commission, in the first half of this year, the energy consumption intensity of nine provinces (regions) in Qinghai, Ningxia, Guangxi, Guangdong, Fujian, Xinjiang, Yunnan, Shaanxi and Jiangsu increased rather than decreased compared with the same period last year, and the reduction rate of energy consumption intensity in 10 provinces did not meet the schedule requirements, thus implementing the policy of double control of energy consumption in many provinces and cities across the country. Among them, under the implementation of this energy consumption double control policy in Jiangsu Province, high energy consumption industries such as chemical industry, iron and steel, printing and dyeing have received notices of switching off and power restriction one after another. at the same time, many enterprises related to the copper industry chain responded to us, affected by the lower power restriction of this energy consumption double control policy. "View details
On the macro level, Federal Reserve Chairman Powell said that it is possible to start reducing the size of asset purchases as early as November and complete the process by mid-2022, which is basically in line with market expectations. According to the bitmap, Fed officials are equally divided on whether to raise interest rates next year. But at the same time, the government shutdown and the debt ceiling have become increasingly urgent, and Treasury Secretary Yellen has sought help from Wall Street executives to put pressure on Republicans to resolve the debt ceiling. From the point of view of supply and demand, the current domestic dual control policy increases, there is greater uncertainty for both the supply side and the consumer side, and the upward momentum of copper prices has weakened, maintaining a volatile pattern. "View details
[SMM survey: how about the impact of electricity limitation on downstream aluminum extrusion enterprises in the upgrading of power limitation in many places across the country? Recently, at a regular press conference, the National Development and Reform Commission directly named nine provinces and regions: Qinghai, Ningxia, Guangxi, Guangdong, Fujian, Xinjiang, Yunnan, Shaanxi and Jiangsu. In addition, the reduction rate of energy consumption intensity in 10 provinces did not meet the progress requirements, and the national energy conservation situation is very grim. For the nine regions under their jurisdiction whose energy intensity has risen instead of falling, this year, the energy conservation review of the "two high" projects other than the major projects planned by the state will be suspended, and all localities will be urged to take effective measures. to ensure that the annual energy consumption double control target, especially the energy intensity reduction target, is achieved. After the release of the document, many areas with performance early warning have taken substantive measures to achieve the annual target. "View details
[SMM analysis: the import volume of petroleum coke in August exceeded expectations! SMM, September 23: according to customs statistics, China's imports of petroleum coke in August 2021 reached 1.158 million tons, an increase of 190100 tons over July, an increase of 19.64 percent from the previous month, and an increase of 12.7 percent over the same period last year. "View details
[national aluminum bar inventory weekly review: aluminum bar inventory increased by 8200 tons to 157000 tons compared with last Thursday] the latest aluminum bar inventory data from SMM statistics show that the current aluminum bar inventory increased by 8200 tons to 157000 tons compared with last Thursday, an increase of 5.48%. This Friday, the fourth place in the middle school showed a tired warehouse, of which Huzhou and Changzhou contributed the main increase. The inventory in Huzhou increased by 4000 tons, or 36.36%, compared with the previous month, and the inventory in Changzhou increased by 2900 tons, or 22.31%, compared with the previous month. Only Wuxi area went to the warehouse, but the inventory decreased by only 700 tons. This week is the Mid-Autumn Festival holiday, most downstream enterprises have a holiday of 1-2 days, the demand for aluminum bars is not high, resulting in an increase in aluminum bar inventory. "View details
[SMM data: domestic electrolytic aluminum social inventory 23000 tons to 789000 tons] on September 23, SMM statistics domestic electrolytic aluminum social inventory 789000 tons, weekly accumulated storage 23000 tons, Wuxi, Nanhai and Gongyi region contributed the main increase. "View details
"Click to view the price of SMM aluminum products
[SMM lead brief Review: initial results of cost support, expansion of power limitation range and temporary boost of lead prices] in the spot market, in terms of primary lead, the mainstream bulk orders of smelters maintain 80-110yuan / ton liter water ex-factory quotations, trade market Jiangsu and Zhejiang mainstream market quotations for 2110 contract discounts of 40-0 yuan / ton, lead prices stop falling at ten thousand four, smelters are willing to improve, maintain rising water quotations, and traders offer multiple discounts. Downstream bargain purchasing demand released, market trading activity improved; In terms of regeneration, the losses of the recycled refineries continued, and the willingness to ship the recycled refineries increased significantly after the lead price stopped falling. The mainstream quotation left the factory near the average net price of 0-100 yuan / ton, and the downstream purchasing enthusiasm was better. "check the details.
"Click to view the price of SMM lead products
[SMM analysis: the import of zinc concentrate in August has a great impact on the pace of shipping arrival] SMM, September 23: according to the latest customs data, the import of zinc concentrate in August 2021 was 304023 tons (physical tons), an increase of 22818 (physical tons) or 8.11% compared with the previous month, and a decrease of 25.97% compared with August 2020. From January to August of 2021, the cumulative import of zinc concentrate reached 2.467149 million (physical tons), a decrease of 9.08% over the same period last year. "View details
[SMM tin brief review: Shanghai-tin high shock price another high contract replacement is about to leave] from a fundamental point of view, upstream smelters are generally less affected by power cuts, but as tin prices rise and processing fees are relatively stable, lower profit margins lead to low willingness to produce. Market inventory continues to hover at a low level, and the spot market is still in a state of tight supply. Affected by the boom of the photovoltaic industry, the demand of downstream solder enterprises is stable and improving, but the performance of the electronics industry is poor. Whether the subsequent photovoltaic market demand can fill the gap in the electronics industry has become the focus of the demand side in the future. "View details
[SMM Nickel brief Review: short withdrawal Nickel Price shock recovery stainless Steel production limit effect gradually reflected] the general rise of non-ferrous metals within the day, SS2110 contract pullback, LME shock uplink, Shanghai Nickel followed strongly. The impact of stainless steel production restriction policy is gradually reflected, the demand for nickel has been reduced, and the turnover of nickel iron and nickel ore market is light. However, the inventory position of pure nickel is low, LME warehouse receipts continue to fall, and the supply side supports the high volatility of nickel prices. Nickel prices are expected to pick up in the short term. At night, focus on the number of initial jobless claims in the United States in the week to September 18. "View details
[SMM concern: power restrictions continue to increase in some areas] according to SMM research, a stainless steel plant in Guangdong that stopped production at the beginning of September is still in a state of full production, and the blast furnace is expected to stop until the end of October; after October, the recovery of other production lines will depend on the follow-up specific notice. Fujian stainless steel production base. "View details
[SMM survey: power restriction of some stainless steel processing enterprises in Wuxi is expected to last until National Day] on September 23, some areas of Wuxi were informed by relevant departments that some stainless steel processing and storage enterprises will be in a state of power outage from 1: 00 p.m. to 9: 00 p.m. Today. And it is expected to be affected by power cuts before the National Day. However, according to market research, the power restriction of processing enterprises in Wuxi is only limited in some areas, other enterprises said that they have not been notified, and the normal processing has not been affected at present. "View details
[SMM Analysis: September Lithium Industry chain impact tracking] as far as the current situation is concerned, this round of power cuts has an obvious impact on some new energy enterprises in Hunan and Inner Mongolia, and there is no lack of local manufacturers at the head of the industrial chain to stop work and reduce production. However, considering that the energy consumption level of most lithium power industry chain enterprises is still relatively low compared with some high energy consumption industries, such as iron and steel, non-ferrous metal smelting, and all localities still have certain preferential treatment policies for new energy related industrial chain enterprises, therefore, except for a few provinces, the impact of this round of power cuts on the overall production and marketing of the new energy industry is still within a controllable range. And SMM will also continue to track the follow-up impact of this round of power cuts in the future. "check the details.
"Click to view the price of SMM new energy products
[SMM thread inventory: thread weekly output hit a four-year low in total inventory continued to expand] Thread production continued to decline this week, and the scope of production restrictions is still expanding, East China, South China is more obvious, building materials resources supply significantly reduced. The month-on-week decline was enlarged, with a decrease of 11.8%, with a previous value of 6.1%. This week, the epidemic situation in some parts of the country has been repeated, and site construction has been affected to a certain extent; secondly, it is the Mid-Autumn Festival, with fewer working days; superimposed recently, steel prices have risen too much, the terminal wait-and-see mood has increased, and this week's watch needs to drop by 8% month-on "View details
[SMM hot coil inventory: hot rolling inventory rebound demand is obviously limited] SMM Steel, September 23: this week's total hot rolled coil inventory of 3.6733 million tons, compared with last week + 14000 tons, month-on-month + 0.38%, year-on-year-9.61%. The hot rolling stock, plant warehouse and total inventory have all increased slightly this week. On the one hand, the recent reduction of production and shutdown has little impact on hot rolling, and the supply of hot rolling has basically remained stable; on the other hand, power cuts have suppressed part of the demand downstream of hot rolling. At present, hot rolling is in a weak pattern of both supply and demand, the overall inventory has not changed much, and the removal of storage has been blocked. "View details
[SMM Electrolytic Manganese Daily Review: new wheel steel recruitment guidelines manganese price negotiations obviously up] according to SMM, the overall bidding price for electrolytic manganese in Baosteel in October is 32000 yuan / ton in the first week after the festival, which can support the trend of manganese prices in the latter ten days of the month when there is an increase from the previous month. In addition, according to the manganese factory scheduling plan for the fourth quarter within the pre-festival alliance, the procurement of monthly rigid demand in the market is still obvious when the supply and demand of electrolytic manganese is reduced by Synchronize. Therefore, there are more small upside operations in the spot market price of electrolytic manganese during the week. "View details
[SMM Daily Review: chemical Grade 42Si monthly order to be signed] SMM Sept. 23: 42Si in East China today is around 65000 yuan / ton, an increase of more than 18% over yesterday. The monthly price of 42Si silicon for organosilicon enterprises is about 68000 yuan / ton. The actual transaction price has not yet been given in the negotiations. Compared with the current market, the monthly signing price in September is relatively low. Due to the tightening of the double control policy on energy consumption, many silicon factories in Yunnan have reduced and stopped production, there is not much supply of 42m silicon, silicon prices have risen rapidly, and silicon factories have expected prices to rise sharply, and the quotation is relatively strong. "View details
According to SMM, Shenzhen Zhongjin Lingnan Nonferrous Metals Co., Ltd. sold 5.9t indium ingots through public bidding conducted by Shenzhen Zhongjin Lingnan Nonferrous Metals Co., Ltd. last week, but failed to get a deal. "View details
[SMM analysis: the gap between domestic and foreign molybdenum prices continues to increase sharply in August] in September, the gap between domestic and foreign molybdenum prices is still there. At the same time, due to the influence of the policy of limiting production and electricity, the procurement of ferromolybdenum in domestic steel mills has dropped sharply, resulting in insufficient consumption capacity of domestic molybdenum products and superimposed international molybdenum price advantages. Enterprises have turned their attention to export orders, and it is expected that the export volume will continue to grow in September. "View details
"Click to view the spot quotation of SMM small Metals.
SMM, September 23: a few days ago, southern rare earths announced the latest listing prices of medium and heavy rare earth oxides, and the prices of some rare earth oxides continued to rise last week. This week is the second week in a row that prices of rare earths in the south have risen since the previous correction, and the market of medium and heavy rare earths continues to pick up. Among them, samarium oxide, holmium oxide, ytterbium oxide, yttrium oxide, scandium oxide, lutetium oxide, europium oxide and erbium oxide were the same as last week. The average listing price of gadolinium oxide rose 10, 000 yuan / ton, terbium oxide rose 200000 yuan / ton, dysprosium oxide rose 20, 000 yuan / ton, and holmium oxide rose 50, 000 yuan / ton. "View details
"Click to view the price of SMM rare earth industry chain products.
Important news of metals and industry
[Nanshan Aluminum says imports of bauxite are normal] Nanshan Aluminum (600219.SH) said on the investor interactive platform on Sept. 23 that its current bauxite procurement is normal and has not been affected by policy changes. The company has been actively paying attention to industry policies and changes in the international market, and is also learning about relevant policies in areas rich in overseas bauxite resources. the company will further demonstrate the feasibility of the layout of bauxite according to its own needs.
[Nanshan Aluminum, the company's newly built 21000 tons of power battery foil will be put into production soon] Nanshan Aluminum (600219.SH) said on the investor interactive platform on September 23rd, Hello, thank you for your attention to the company! The company's battery foil products are mainly located in the high-end market, focusing on the development of high-performance battery foil market, mainly used in battery positive current collector; the company has stable supply with high standards and has been widely recognized by customers. The company's new 21000-ton special production line for power battery foil is expected to enter the trial production stage in October. The initial plan is to achieve the production capacity of the production line, and then consider increasing investment according to the market demand.
[the impact of power supply still exists in some zinc smelters in Hunan to limit production again] according to SMM research, a number of zinc refineries in Hunan have been informed today that their power restrictions vary. Some enterprises are required to limit electricity by 20%, and serious ones are required to limit electricity by 50% until the end of September. Some refineries that have not yet been restricted may be limited in the later stage of the reaction. At present, the output of zinc ingots in Hunan may be reduced by 350,400 tons per day.
[Tianqi Lithium Industry: the debugging work of the first phase of the company's Quinana, Australia, "24000 tons of battery-grade lithium hydroxide project" is progressing smoothly according to the established plan. The debugging work of the company's "24000 tons of battery-grade lithium hydroxide monohydrate project" is progressing smoothly according to the established plan. At present, the public works, rotary kiln and acidizing kiln in the fire zone have been completed. The whole process has been completed for the load debugging of the pressing section, purification and impurity removal, evaporation crystallization, drying and other process sections in the wet zone. At present, the joint working group is still committed to achieving the stable operation of the whole process and the optimization of process control parameters, and strives to achieve the phased goal of achieving the state of marketable products and the factory entering formal operation and trial production by the end of 2021. In the process of trial production, the company will carry out targeted rectification work in time according to the problems that arise, so that the project will gradually achieve a sustained and stable production state, with a view to achieving the ultimate goal of achieving the design capacity by the end of 2022.
[Tianqi Lithium Industry responds to the impact of power cuts in Jiangsu: normal operation of Zhangjiagang Lithium Carbonate production Base] recently, under the influence of double control of energy consumption, a number of enterprises in many regions in China have released the news of power cuts and production restrictions in turn. Tianqi Lithium Industry, which has an annual production base of 20,000 tons of battery-grade lithium carbonate in Zhangjiagang, Jiangsu Province, has naturally received a lot of attention. On September 22, Tianqi Lithium Industry responded to the impact of Jiangsu power cuts on its Zhangjiagang enterprises, saying that the company's production base is currently in normal operation.
[Yan'an Bikang has been locked in supply of more than 39000 tons of lithium hexafluorophosphate in the next five years] since July this year, 99 Jiujiu Technology has successively signed long-term agreements with BYD, South Korean company Enchem, and Yienke batteries. coupled with this supply order signed with the new Zebang, by 2026, 99 long-term technology lithium hexafluorophosphate products have been locked in supply of no less than 39000 tons.
[Sinochem Blue Sky PVDF expansion project started smoothly] on the morning of September 22nd, the opening ceremony of Sinochem Blue Sky's annual production of 19000 tons of VDF, 15000 tons of PVDF and 36000 tons of HCFC-142b raw materials was held in Shangyu base. PVDF is a high-performance fluoropolymer, which is the key development direction of the 13th five-year Plan of the national new material industry and the 14th five-year Plan of the domestic fluorine chemical industry. The downstream is mainly used in the fields of new energy power lithium battery, environmental protection, construction, chemical industry and so on.
[China Lithium Carbonate Import and Export data for August] in August 2021, China imported 8318 tons of lithium carbonate, an increase of 85% month-on-month and 145% year-on-year. Of this total, Argentina imported 1653 tons, an increase of 208 per cent compared with the previous month, while Chile imported 6521 tons, an increase of 67 per cent over the previous month. From January to August 2021, China imported 55650 tons of lithium carbonate, an increase of 108 per cent over the same period last year. In August 2021, China's lithium carbonate exports were 1459 tons, an increase of 120 per cent month-on-month and 45 per cent year-on-year. China's cumulative export volume of lithium carbonate from January to August in 2021 was 5876 tons, an increase of 16% over the same period last year.
[China Lithium hydroxide August Import and Export data] in August 2021, China's lithium hydroxide export volume was 7312 tons, an increase of 80% month-on-month and 92% year-on-year. Of this total, exports to South Korea were 4368 tons, an increase of 130 percent over the previous month, while exports to Japan were 2744 tons, an increase of 35 percent over the previous month. China's cumulative exports of lithium hydroxide from January to August in 2021 were 46310 tons, an increase of 40 per cent over the same period last year. In August 2021, China imported 273 tons of lithium hydroxide, down 35 percent from the previous month, an increase of 968 percent over the same period last year. From January to August 2021, China imported 1939 tons of lithium hydroxide, an increase of 442% over the same period last year.
[Shengxin Lithium Energy: plans to invest US $350 million to develop lithium carbonate and lithium hydroxide deep processing business in Indonesia] Shengxin Lithium Energy announced that Shengxin International, the company's wholly owned grandson, intends to invest in a joint venture with STELLAR in Indonesia to invest in the construction of an annual production capacity of 50,000 tons of lithium hydroxide and 10,000 tons of lithium carbonate in (IMIP), Morovali Industrial Park, Morowali County, Central Sulawesi Province. The total investment of the project is about 350 million US dollars. Shengxin International holds a 65% stake in the joint venture. This investment will greatly expand the production capacity of the company's lithium salt business. It was announced on the same day that Sunway International, a wholly owned Hong Kong subsidiary of the company, intends to purchase the 100% stake in SESA held by Huayou International on the delivery date and Huayou International's shareholder borrowing claims on SESA at a transaction price of US $37.67 million. After the completion of this acquisition, the company will indirectly hold a 100% stake in SESA and have the right to operate the UT complex through SESA, which operates the SDLA project in Argentina, but the company has no ownership of the mining rights in the SDLA project; the current project production capacity is 2500 tons of lithium carbonate equivalent.
[Shengtun Mining: plans to invest 6.19 billion yuan in new energy materials project] Shengtun Mining Industry issued a foreign investment announcement, it is planned to invest in a new energy material project with an annual output of 300000 tons of battery-grade nickel sulfate, 300000 tons of battery-grade iron phosphate and 10,000 tons of metal-grade cobalt products in Fuquan City, Qiannan Prefecture, Guizhou Province. the total investment is expected to be 6.19 billion yuan.
[Chuangheng Co., Ltd.: sign a strategic cooperation agreement with Fulin Seiko in phosphate rock, phosphorus source, etc.] Chuanheng share announcement, signed a strategic cooperation agreement with Fulin Seiko, carry out capital cooperation in the upstream phosphate rock and phosphorus source of lithium iron phosphate cathode materials, cooperate closely in the supply chain of lithium iron phosphate cathode materials, and jointly fund the construction of lithium dihydrogen phosphate production project. Carry out cooperation on lithium iron phosphate precursor iron phosphate, purification of phosphoric acid and phosphate.
[notice of Shanxi Province on promulgating second-level Enterprises of non-Coal Mine Safety production Standardization] the Provincial Emergency Management Department organizes city and county (district) emergency management departments and expert examination, eight enterprises such as limestone mines of Gaoping Weigao cement Manufacturing Co., Ltd. are identified as second-class enterprises of non-coal mine safety production standardization. List of secondary enterprises of non-coal mine safety production standardization. Limestone Mine (Open-pit Mine) of Gaoping Weigao cement Manufacturing Co., Ltd. (valid from 2021-7-26 to 2024-7-25) 2. Shanxi Coal Geology 148Exploration Institute (Geological Prospecting Units) (valid from 2021-7-26 to 2024-7-25) 3. Shanxi Institute of Coal Geological Exploration (Geological Prospecting Units) (valid from 2021-7-26 to 2024-7-25) 4. Shanxi Institute of Geology and Mineral Resources (Geological and Prospecting Units) (valid from 2021-8-9 to 2024-8-8) 5. Lingchuan Jinyu Jidong Environmental Protection Technology Co., Ltd. (open-pit mine) (valid from 2021-8-9 to 2024-8-8) 6. Shanxi Taigang Xinlei Resources Co., Ltd. No.2 Mine (opencast Mine) (valid period 2021-8-9 to 2024-8-8) 7. Jincheng Rui'an Limestone Mining Co., Ltd. (mine) (opencast mine) (valid period 2021-8-30 to 2024-8-29) 8. Open-pit mining (open-pit mine) in Xixuanfeng section of Xixuanfeng Iron Mine, Shanxi Hongwei Mining Co., Ltd. (valid from 2021-8-30 to 2024-8-29)
[Ministry of Commerce: steel prices rose slightly last week] according to the Ministry of Commerce, the national market price of edible agricultural products fell 0.4% last week (September 13-19) compared with the previous week, and the market price of means of production rose 1.8% over the previous week. Market for means of production: coal prices continued to rise, with coking coal, No.2 anthracite and thermal coal rising 6.7%, 2.3% and 0.6% per ton, respectively, at 965 yuan, 1089 yuan and 780 yuan per ton. Steel prices rose slightly, with rebar, high-speed wire rod and ordinary medium plate rising 1.6%, 1.2% and 0.7% per ton, respectively, to 5340 yuan, 5572 yuan and 5615 yuan per ton.
[Fujian Province deploys to curb the blind development and double control of energy consumption of the "two high" projects] on the 19th, a video conference on curbing the blind development of the "two high" projects and double control of energy consumption was held in Fujian Province. deploy Fujian Province to curb the blind development of the "two high" projects and double control of energy consumption in the next stage. The meeting demanded that the industrial and credit system of the province should focus on curbing the blind development of the "two high" projects and accomplishing the task of double control of energy consumption, comprehensively investigate the "two high" projects under construction, tap the potential of the stock "two high" projects, and strictly control the new "two high" projects. strive to achieve the goal of dual control of energy consumption in 2021; It is necessary to focus on the goal of reducing the intensity of energy consumption, strengthen the decomposition and implementation of subject responsibilities and tasks, pay close attention to key areas, key industries and key enterprises, and quickly formulate and implement special work plans to maintain the high-pressure situation of double control of energy consumption. It is necessary to accurately study and judge the impact of the "two high" projects on economic growth, the extension of the industrial chain, and the "double control" of energy consumption, make overall plans for the development and layout of the "two high" projects in the region, and strictly implement the examination and approval system for energy conservation.
[heavy weight! Chinalco, Minmetals, Ganzhou people's Government, etc. Planning strategic reorganization of rare earth assets] Minmetals rare earth announcement, the company received the actual controller China Minmetals Group Co., Ltd., China Aluminum Group Co., Ltd., China Minmetals Group Co., Ltd., Ganzhou City people's Government are planning the strategic reorganization of related rare earth assets. The relevant plan has not yet been finalized and needs to be approved by the relevant competent authorities.
[Zhang Anwen of the China Society of rare Earths suggests: appropriately increase the total allocation of rare earths] Zhang Anwen, deputy secretary-general of the China Society of rare Earths, said that there are still some problems to be solved in China's rare earth industry, such as light rare earths account for more than 70% of the total rare earths. At present, there is a large backlog of products, we should suddenly apply classified management of light rare earths and medium and heavy rare earths, gradually and timely liberalize the control of light rare earths, and take measures to encourage their application. In terms of rare earth supply, Zhang Anwen said that the total quantity control of rare earth mineral products and smelting separation products has been unable to meet the needs of enterprises in the middle and lower reaches for many years, and consideration should be given to taking market demand as the leading factor and increasing the total allocation.
Greenland is preparing legislation to stop the development of Kvanefjeld rare earth mines. Greenland's new government is preparing legislation to ban uranium mining and stop the development of Kvanefjeld, one of the world's largest rare earth mines, Greenland's minister of mineral resources said.
Snatch rare earths! European car companies are discussing direct raw material supply with Australian rare earth explorer Arafura. In the process of automobile electrification, rare earth materials play an increasingly important role in both permanent magnet motors and rare earth power batteries, and prices continue to rise. China is the world's largest producer of rare earths, responsible for 2/3 of the world's rare earth mining and 85 per cent of the world's production of rare earth refined products.
[Oriental Zirconium Industry: zirconium dioxide products increased by 6000 yuan / ton] Oriental Zirconium Industry announced that the sales prices of related zirconium products have been raised since September 24, and zirconium oxychloride products (including mother liquid materials) have been raised by 2000 yuan / ton. zirconium dioxide products have been raised by 6000 yuan / ton. At the same time, the prices of other zirconium series products of the company will be adjusted by Synchronize.
[Ferro-silicon and manganese-silicon two-link board both set a new contract record] after the limit of ferrosilicon and manganese-silicon rose yesterday, today's trading opened with the limit of one-word ferrosilicon, while manganese-silicon also strongly sealed the board in the afternoon after the high-level concussion, and both harvested two consecutive boards, setting a new record in the history of the contract. "View details
Macro focus
[us President Joe Biden's approval rating has fallen to its lowest level since taking office] recently, US President Joe Biden's domestic and foreign agenda is not progressing smoothly, facing increasing resistance, and opinion polls have been declining. According to the latest Gallup poll, Biden's approval rating fell to 43%, 6 percentage points lower than in August and the lowest since taking office. In addition, local media opinion polls in Iowa show that Biden's approval rating in the state has dropped to 31%, while disapproval rating has soared to 62%. Iowa is the first state to vote in the US presidential election, which has a certain indicative significance.
[ECB: euro zone economy is expected to achieve strong growth in the third quarter] according to the ECB economic bulletin, the euro zone economy rebounded by 2.2% in the second quarter of this year, exceeding expectations, and is expected to achieve strong growth in the third quarter.
[the central bank held a meeting to promote the reform of the mode of operation of standing lending facilities and implement the policy of re-lending of 300 billion yuan for small loans] on September 23, the central bank held a videoconference to promote the reform of the mode of operation of standing lending facilities and implement the policy of 300 billion yuan for small loans. The meeting demanded that all branches of the people's Bank of China attach great importance to it, promote the reform of the mode of operation of standing lending facilities, properly manage and make good use of the quota of 300 billion yuan in new small loans as an important task at present, and carefully organize and pay close attention to implementation. It is necessary to actively and steadily promote the reform of the mode of operation of standing lending facilities, optimize the operation process, improve operational efficiency, meet the reasonable liquidity needs of local corporate financial institutions in a timely manner in accordance with regulations, and effectively prevent liquidity risks. It is necessary to give full play to the positive role of the new quota of 300 billion yuan in small re-loans, deploy, strictly examine, and accurately release as soon as possible, guide local corporate financial institutions to actively meet the financing needs of small and micro enterprises, and speed up the progress of loan launches. better serve the real economy.
[national standing Committee: more market-oriented measures to stabilize commodity prices] Premier Li Keqiang of the State Council presided over an executive meeting of the State Council on September 22nd, calling for cross-cyclical regulation, stable and reasonable expectations, and maintaining the smooth operation of the economy; deliberate and adopt the new infrastructure construction plan of the 14th five-year Plan to promote the expansion of domestic demand, promote transformation and increase stamina; We will deploy to speed up the elimination and reinforcement of small and medium-sized dangerous reservoirs and enhance the capacity of water supply and disaster prevention and mitigation.
[the National Development and Reform Commission issued the "Plan for improving the double Control system of Energy consumption intensity and Total quantity" to resolutely control projects with high energy consumption and high emissions] the overall goal of the "Program" is that by 2025, the double control system of energy consumption will be more sound, the allocation of energy resources will be more rational, and the utilization efficiency will be greatly improved. By 2030, the double control system of energy consumption will be further improved, the intensity of energy consumption will continue to decline significantly, the total amount of energy consumption will be reasonably controlled, and the energy structure will be more optimized. By 2035, the optimal allocation of energy and resources and the comprehensive conservation system will become more mature and stereotyped, effectively supporting the realization of the goal of steady decline in carbon emissions after reaching their peak.
[the NDRC deployed to promote the construction of a high-standard market system and the reform of market-oriented allocation of factors] the system Reform Department of the NDRC organized an on-site experience exchange meeting on the construction of a high-standard market system and the reform of market-oriented allocation of factors in Ningbo, Zhejiang Province on September 16. Shanghai, Zhejiang, Hubei, Hunan, Chongqing, Sichuan, Ningbo and other places respectively exchange experiences on improving the market of technological factors, giving full play to the role of digital empowerment, the reform of local trading platforms of factors, the market-oriented allocation of labor factors, the market-oriented allocation of land elements, giving full play to the pilot role of reform, and speeding up innovation. The Department of system Reform has made work arrangements for the next step in promoting the construction of a high-standard market system and the reform of market-oriented allocation of factors. During the meeting, Ningbo City brain, Ningbo Insurance Science and Technology Industrial Park and Ningbo Lege Technology Co., Ltd. were investigated on the spot.
[Ministry of Ecology and Environment: the second round of the fourth batch of central eco-environmental protection inspectors completed provincial and sinking phase] Ministry of Ecological Environment spokesman Liu Youbin said on Thursday that so far, the second round of fourth batch of central eco-environmental protection inspectors have completed the provincial (comprehensive) supervision phase and sinking phase, and have made public some typical cases. All inspection groups pay close attention to the rectification and reform of outstanding eco-environmental problems reflected by the masses, promptly transfer supervision and handling, strengthen spot checks and verification, carry out on-the-spot return visits, and urge the inspected objects to promote border supervision and reform in a strong and orderly manner.
Terminal information
In its reply to recommendation No. 2772 of the fourth session of the 13th National people's Congress, the Ministry of Science and Technology said that the Ministry of Science and Technology attaches great importance to the transfer and transformation of key core technologies and will carry out work deployment in conjunction with the key special items of "New Energy vehicles" in the National key Research and Development Plan of the 14th five-year Plan. We will further focus on tackling key core technologies, consolidate basic R & D capabilities, and break through the core bottleneck technologies of the industrial chain.
[Intel CEO plans to attend White House meeting on chip shortage] according to people familiar with the matter, Intel CEO Pat Gelsinger plans to attend a White House meeting with representatives of Samsung Electronics, General Motors, and Ford to discuss the global chip shortage.
[Ford and Redwood Materials Battery Recycling] on Sept. 22, Ford Motor Company and startup Redwood Materials said they had reached a partnership to establish a "closed-loop" or circular supply chain for electric vehicle batteries from raw materials to recycling, with the aim of reducing the cost of electric vehicles by reducing reliance on imported materials while reducing the environmental impact of battery extraction and refining.
[supply chain problems may cause auto companies to lose 7.7 million vehicles this year and lose US $210 billion in revenue.] according to foreign media reports, consulting firm Alixpartners said on Sept. 24 that due to supply chain problems, global automakers could lose 7.7 million vehicles this year and lose as much as US $210 billion in revenue, which is almost twice the amount expected earlier this year.
[ideal car delivery volume in September or now a big drop in the number of new forces involved in the shortage of chips] affected by the shortage of chips, another new force in car building adjusted its delivery forecast for the third quarter. Ideal Motors announced during the Mid-Autumn Festival holiday that due to the epidemic in Malaysia, the production of chips for the company's millimeter wave radar suppliers was seriously hindered, and the recovery of chip supply was slower than expected. as a result, car delivery in the third quarter of this year was reduced from 2.5 to 26000 to about 24500.
[Li Shufu: Geely has developed a number of methanol passenger vehicles and commercial vehicles] on September 23, at the supply chain conference of Chuanhua Group in 2021, Li Shufu, chairman of Geely holding Group, said that if methanol vehicles can be developed, the proportion of China's crude oil imports can be reduced from 73% to about 50%, and Geely has developed a number of methanol passenger vehicles and commercial vehicles.
[real estate loan risk hit a number of banks to get rid of the relationship with Evergrande] on the first trading day after the festival, the performance of bank stocks can be described as "hard to find a little red among the greens". Since the Evergrande debt crisis fermented, many investors have heckled the banks on the interactive platform for fear of the impact of real estate on the asset quality of the banks, concerned about whether there is a debt relationship between the banks and Evergrande. Recently, a number of listed banks have also responded positively one after another, with some banks saying that the risk is controllable, while others have hastily distanced themselves from the relationship, saying that they have no business relations with Evergrande. During the Mid-Autumn Festival short holiday, the Hong Kong real estate sector suffered a sharp fall, causing the shares of mainland banks listed in Hong Kong to fall sharply. Affected by this, the A-share index opened sharply lower on the first trading day after the festival. In early trading on the 22nd, the bank index fell 2.65% at one point, but by the end of the day, it was down 2.27%. In terms of individual stocks, a number of bank stocks fell more than 5% in early trading that day. Among them, the Bank of Chengdu and China Merchants Bank once fell by more than 6%, leading the decline.
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