SMM tin morning news: 2202 contract night market performance strong, funds re-entry. Fundamentally, the relationship between supply and demand remains stable, and spot transactions remain below 300000 yuan / ton. On the market trend, 2202 contract night trading opened slightly after the rapid increase in positions upward, the strength of the performance is strong, the price hit a new high. Funds changed yesterday's state of substantial departure, the market heat to resume a large number of re-entry. To sum up, under the condition that the transaction in the spot market remains stable and the price fluctuation is small, the trend of Shanghai tin ….
SMM tin prices hit a new high and long and short funds re-enter the market [Shanghai Tin Morning News]
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Minutes of SMM Steel Morning meeting: yesterday, even the railway opened low and left high. The main contract 2205 closed at 689, an increase of 2.23% throughout the day. Port spot traders offered a steady increase of 10 yuan / ton in early trading, the overall wait-and-see mood of the market is heavier, the port spot inquiry is more, but the transaction is general. PB powder in Shandong traded at 800-805 yuan / ton, up 0-5 yuan / ton from last Friday. The transaction price of super powder is 485-495 yuan / ton, up 0-5 yuan / ton compared with last Friday. The turnover of PB powder in Tangshan area was 810 yuan / ton, up 2-10 yuan / ton compared with last Friday. The turnover of PB powder in Jiangnei area is 830 yuan / ton. SMM analysis.
Coke supply tightening price operation on the strong side [minutes of SMM Iron and Steel Morning meeting]
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On the macro side: on the dollar side, the overnight dollar index fluctuated slightly, up 0.05%, and rose at one point in intraday trading, as the Fed's expectation of raising interest rates pushed up US bond yields to support the dollar, but the US ISM manufacturing PMI announced on Tuesday refreshed its lowest level since January last year, reducing the dollar's gains. According to data from Johns Hopkins University in the United States, the number of new confirmed cases of novel coronavirus in the United States exceeded 1 million on the 3rd, once again setting a new record for new cases in a single day since the outbreak. Despite the record number of new cases, investors are still betting that the US economy will not be dragged down by a new wave of outbreaks.
On crude oil, OPEC+ held its first ministerial meeting of the year on Tuesday and agreed to adhere to the existing policy and continue to increase production by 400000 barrels per day in February. The next OPEC meeting will be held on February 2. Overnight, international oil prices continued to strengthen, with US oil closing up 1.49% and cloth oil up 1.58%, once again standing at US $80 per barrel, the highest since November 26.
Metal market: metal futures, overnight metal closed up almost across the board, only lead closed slightly lower, the market's concerns about long-term high overseas electricity prices leading to supply disruptions spurred bulls to buy. Lenny's performance was particularly impressive, closing higher for eight consecutive trading days and closing up 1.42% overnight, up nearly 10% on the 8th. Shanghai Nickel led the two markets with an increase of 2.06%. Shanghai tin is not to be outdone, once again setting a new record high of 297900 yuan / ton, closing up 1.87%. In addition, zinc and copper in Shanghai both closed up more than 1%.
In terms of precious metals, Shanghai gold and silver are all red. The direction of the Fed's monetary policy remains a central factor in the trend of precious metals, which are under pressure from the stronger dollar index and Treasury yields as a result of the Fed's expected tightening of monetary policy. Silver is more speculative than gold, and it tends to rise and fall more than gold. at the same time, silver also has a strong industrial attribute. In the face of repeated global epidemics and economic recovery, industrial demand is still weak, making silver fall more than gold.
"[overnight market] the metal closed up near the whole line and closed higher for 8 consecutive days. Shanghai tin brushed an all-time high.
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[SMM data: SMM data weekend national mainstream copper market inventory rose 8000 tons] as of Tuesday, January 4, SMM national mainstream copper market inventory increased by 8000 tons to 94900 tons compared with last Friday, has increased inventories on Monday for five consecutive weeks, and weighed above the 90, 000-ton mark. Inventories in all parts of the country fell slightly over the weekend only in Jiangsu and Chongqing, with increases in other regions, with the most significant increases in Shanghai and Guangdong. During New Year's Day's period, consumption was weakened by many downstream holidays, which was the main reason for the increase in inventory. "View details
[SMM data: domestic electrolytic aluminum social inventory rose 2000 tons to 801000 tons compared with last Thursday.] on January 4, 2022, SMM counted domestic electrolytic aluminum social inventory of 801000 tons, an increase of 2000 tons over last Thursday. Nanhai, Hangzhou, Gongyi and Tianjin contributed to the increase, mainly due to the decline in local warehouse delivery and the low arrival of goods. Shanghai and Wuxi area go to the warehouse slightly, and the goods are expected to increase from next week to the middle of next week. "View details
[SMM analysis: profits of electrolytic aluminum enterprises rebounded to maintain high aluminum prices and profits of aluminum enterprises are expected to continue to improve] from the analysis of the three major costs of electrolytic aluminum, electricity, alumina and pre-baked anodes, the current trading price of alumina basically fluctuates around 2820 yuan / ton, which is larger than the price decline of more than 4000 yuan / ton in October 2021, and the situation of oversupply may be difficult to change in a short period of time. Although the prices of electricity and pre-baked anodes are relatively stable, they have also declined to a certain extent since December. Generally speaking, the decline in cost has led to a rebound in the profits of electrolytic aluminum to a certain extent. "View details
[SMM research: there are not many lead ingots during the holidays in the lower reaches.] according to the survey, in January, the closing factors at the end of the year were lifted, coupled with the fact that New Year's Day, the downstream enterprise, did not have many holidays, and there were still a small amount of purchases during the festival, the social inventory of lead ingots in Shanghai and Guangdong continued to decline, and the production of primary lead refineries gradually resumed after the festival, and considering that downstream enterprises entered the pre-Spring Festival reserve cycle. If the regional supply difference of recycled lead does not change, the lead ingot community bank is expected to maintain a downward trend. "View details
[SMM data: SMM seven zinc ingots social inventory increased by 10900 tons compared with last Friday] New Year's Day's domestic inventory increased significantly during the holiday. Among them, in the Shanghai market, some of the goods on the way have arrived one after another, and the inventory has rebounded; in the Guangdong market, the volume of arrival has increased significantly, and the downstream procurement demand is general, and the inventory has increased again; in the Tianjin market, after the spot discount has expanded, some smelters have reduced shipments, resulting in a decline in arrival, while downstream demand is still weak, and inventory continues to accumulate. "View details
[SMM annual special topic: Shanghai tin nearly doubles in 2021, tin inventory increment is limited in 2022, can tin price rise continue? The overall trend of tin prices in 2021 was strong, rising from the beginning of the year to the end of the year, with an annual price increase of more than 90%. The main logic supporting the current round of tin price strength lies in the continuous tight supply forecast and factual landing on the supply side in 2021. On the demand side, due to the easing of the global epidemic, consumption leads to a stronger demand for tin. "View details
[SMM News: what are the driving factors behind the dramatic advance in the price of nickel, especially Lenny? According to SMM analysis, the week before New Year's Day's festival, energy problems in Europe fermented again, natural gas prices in many European countries continued to soar, many aluminum mills also began to reduce production, and market concerns about the risk of the energy crisis transmitting to the commodity supply chain began to intensify. Although there are no related production cuts in the nickel market, nickel prices follow the upward trend due to more market sentiment. "View details
[SMM News: lithium metal jumped another 60, 000 yuan / ton today! It is worth mentioning that recently, Jiuwu Tech also issued a notice that the company received a contract notice from Jinhai Lithium Industry (Qinghai) Co., Ltd. on the 1000 tons / year lithium chloride pilot EPC procurement project of Jinhai Lithium Industry (Qinghai) Co., Ltd. According to the contents of the notice, Jinhai Lithium Industry intends to hand over the project to Jiuwo Hi-Tech Manufacturing for completion, and Jiuwo Hi-Tech intends to send an authorized representative to negotiate the signing of the contract with Jinhai Lithium Industry within 10 days of receiving the notice. "View details
[SMM analysis: 2021 iron ore price ups and downs 2022 trend or the same? After the epidemic in 2020, both at home and abroad are in a period of economic recovery, and the demand for steel is strong. China is the first to recover from the epidemic. The output of crude steel and pig iron increased by 4% and 11.8% respectively in the first half of the year, driving the demand for iron ore. However, due to the double control of energy consumption in the second half of the year, the output of crude steel and pig iron declined sharply, with the output of pig iron and crude steel falling by 4.5% and 3% respectively in 2021. "View details
[iron ore Weekly] the domestic mine price index last week was 915.7 yuan per ton, up 5.7 per cent from the previous month. Domestic ore prices in the main areas are mainly rising, with an increase of about 100 yuan per ton. SMM believes that domestic mine prices in some areas may be adjusted back along with imported mine prices this week, and local prices may still be relatively strong, such as Liaoning and Yunnan. On the one hand, the willingness of mines to raise prices is strong, on the other hand, some areas have recent plans to replenish stocks for the Spring Festival. For example, a steel plant in Yunnan currently has 30 days of domestic mine inventory, and plans to gradually increase its inventory to about 40 days for the Spring Festival. "View details
[SMM Silicon Market report in December: the price of silicon in both supply and demand continues to be weak] on the supply side, national silicon production decreased by 30, 000 tons month-on-month around 270000 tons in December. Sichuan has the largest reduction in supply, followed by Xinjiang and Yunnan. Due to insufficient water and electricity supply, long production cycle and a sharp rise in furnace condition, the Sichuan Silicon Plant has reduced production by 15000 tons compared with November. The top two major factories in Xinjiang have reduced production by 9000 tons compared with November due to carbon emission restrictions. Yunnan cut production sporadically and stopped production in December, with output only 4000 tons lower than the previous month. "View details
[Kangyi: review and Prospect of China's Nonferrous Metals Industry after 20 years of accession to the WTO] on December 11, 2001, China formally joined the World Trade Organization ((WTO),) and became a 143member country. This is an important milestone in the process of China's reform, opening up, and socialist modernization. Over the past 20 years since China's entry into the WTO, China's development achievements have attracted worldwide attention, created a great miracle, effectively promoted China's position in the global economic system, and opened a new chapter for China's participation in global economic governance.
In the 20 years since China's entry into WTO, China's non-ferrous metals industry has seized the opportunity of development, continuously deepened reform and opening up, gave full play to its own advantages, and made use of two kinds of resources and markets at home and abroad to deeply participate in the division of labor system of the global non-ferrous metals industry. continue to expand comprehensive strength, international influence and market competitiveness. 20 years of hard work and forge ahead. China's non-ferrous metals industry has become the largest producer, consumer and trading country of non-ferrous metals in the world, and has made positive contributions to the economic development of our country and the cause of non-ferrous metals in the world.
[2021 inventory: review and Prospect of China's Copper Industry in 2021] according to the latest statistics released by the International Copper Research Group (ICSG) in December 2021, global copper production and consumption are gradually recovering. In terms of copper production, from January to September 2021, global copper production was 15.64 million tons, an increase of 3.1 per cent over the same period last year. Of this total, copper production in copper concentrates increased by about 4 per cent year-on-year, while wet-process copper production (SX-EW) fell by about 3.8 per cent year-on-year. In terms of major producing countries, from January to September 2021, Chile, the world's largest copper producer, produced 4.174 million tons, down 2 percent from the same period last year; Peru produced 1.678 million tons, up 11 percent from the same period last year; in addition, copper production in countries such as the Democratic Republic of the Congo, Indonesia and Panama also showed strong growth.
[Yunnan Tin smelting Plate's first Yunnan Provincial Patent Award settled in Copper Branch] recently, it was learned from the announcement of the evaluation results of Yunnan Provincial Patent Award in 2021 issued by Yunnan Provincial Market Supervision and Management Bureau that the technical achievement of "double top-blowing smelting of high impurity copper-containing materials to recover valuable metals" declared by Yunxi Copper Branch won the third prize. This award is the first Yunnan Provincial Patent Award of Yunnan Tin smelting Plate.
2021 inventory: where is the harmless treatment of zinc smelting leaching residue? Since the beginning of this year, according to the latest requirements of the state, new zinc smelting projects must carry out Synchronize construction treatment of smelting leaching slag. So, for the early completion of zinc smelting projects, and how to regulate governance, this reporter interviewed China's Enfei national non-ferrous metals industry designer Li Ruogui.
Southern manganese industry: the first phase of the technical renovation project of electrolytic manganese dioxide with an annual output of 75000 tons by Huiyuan manganese industry, a wholly-owned subsidiary, has been officially put into production! On December 28, 2021, Guangxi Huiyuan Manganese Industry, a wholly owned subsidiary of Southern Manganese Group, officially put into production the first phase of the technical renovation project of electrolytic manganese dioxide with an annual output of 75000 tons. The commissioning of the project marks the further consolidation of Huiyuan's leading position in the global electrolytic manganese dioxide industry.
Li Weijian, party committee secretary, chairman and general manager of Southern Manganese Group, attended the commissioning ceremony and delivered a speech. Li Guohua, Deputy Director of the Management Committee of Laibin Industrial Park, Wei Yingming, Deputy Secretary of the Party Committee and Secretary of the discipline Inspection Commission of the Group, and Wan Weihua, General Manager of Huiyuan Manganese Industry, attended the ceremony. The ceremony was presided over by Pan Junhong, Director of Operations and Chairman of Huiyuan Manganese Industry.
The prices of 14 kinds of lithium materials in 2021 are up more than 400% this year! In the past year, "lithium battery" has undoubtedly become the hottest technical word of the year. Stimulated by the explosive growth of market demand for lithium materials, lithium materials also ushered in a wave of eye-popping "price increases" in 2021. SMM collated the price trends of 14 major lithium materials from January 4, 2021 to December 31, 2021, and you can see that there are even year-on-year increases of more than 400%.
[lithium source science and technology Sichuan power and energy storage lithium battery cathode material lithium iron phosphate second phase project officially started] January 4, Sichuan Province in the first quarter of 2022 major projects concentrated start ceremony and Sichuan lithium power and energy storage lithium battery cathode material lithium iron phosphate second phase project opening ceremony was held in Pengxi. Li Jiang, secretary of the Suining Municipal CPC Committee, Zhou Linlin, chairman of the standing Committee of the Municipal people's Congress, Yang Jun, chairman of the Municipal people's political Consultative Conference, Jing Lin, deputy secretary of the municipal party committee, Zhang Zhiyong, vice mayor of Suining, and other leaders attended the ceremony. Mr. Shi Junfeng, chairman of Liyuan Technology, attended the opening ceremony as a representative of the enterprise.
Indonesian coal is "absent" during the Spring Festival? Industry insiders: limited impact on the domestic] Indonesia recently announced a ban on coal exports for one month, and Indonesian coal may not be able to be transported to China during the Spring Festival. Affected by this, the first trading day in 2022, domestic thermal coal futures opened up more than 7%, coal plate listed companies collectively opened higher. Market participants generally believe that Indonesia's export restrictions will mainly push up international thermal coal prices, but the domestic impact is limited.
Fearing that a shortage of domestic power plants could lead to widespread power outages, Indonesia announced a ban on coal exports in January 2022, a move that aroused opposition from Indonesia's domestic coal enterprises and associations. Indonesian Ministry of Energy and Mining officials said that the relevant situation may be reassessed as early as January 5 before making a further decision.
[coal export ban disrupts global industry Indonesian miners seek solutions] Indonesian coal miners are seeking a quick solution to the government's coal export ban, which has led to higher fuel prices. and could disrupt energy demand in some of the world's largest economies.
The world's largest exporter of thermal coal banned coal shipments on Saturday because it feared it would not be able to meet its electricity needs. But the ban threatens to undermine energy demand in China, India, Japan and South Korea, the backbone of the global economy, which received a total of 73 per cent of Indonesian coal exports in 2021, according to Kpler ship tracking data.
[Antai Technology: the company's project "Research and industrialization of Sintered NdFeB heavy rare Earth Grain Boundary Diffusion Technology" won the first prize of the rare Earth Science and Technology Award in 2020. Antai Technology (000969.SZ) said on the investor interactive platform on January 2, 1) the company has maintained a close cooperative relationship with other units of the controlling shareholder. 2) the company's project "Research and industrialization of Sintered NdFeB heavy rare Earth Grain Boundary Diffusion Technology" won the first prize of the 2020 rare Earth Science and Technology Award. Grain boundary infiltration technology is a big technical direction and has different technological routes.
[Ucore rare Earth RapidSX rare Earth processing plant is expected to start production in the first quarter of 2022] Canada's Ucore Rare Metals (TSXV: UCU) and its subsidiary Innovation Metals have announced that the RapidSX demonstration scale plant will start production in the first quarter of 2022, when the rare earth elements will be separated and purified.
The factory is located in Kingston, Ontario. According to the two companies, once a comprehensive, independent techno-economic study and subsequent design of the commercial-scale REE separation facility are completed, their RapidSX technology will be ready for commercial adoption and implementation in Ucore's strategic metal complex in Alaska. This is expected to take place in the second quarter of 2022 and a revenue-generating licensing model will be launched by the end of the year.
[Anada 2021 net profit increased 160% muri 210% titanium dioxide + ferric phosphate] after January 4, Anada issued a forecast for 2021 results. From January 1, 2021 to December 31, 2021, the net profit belonging to shareholders of listed companies was 169.287 million yuan to 201.8422 million yuan, an increase of 160% UV 210% over the same period last year.
Anada said that during the reporting period, the market for titanium dioxide, the company's main product, was in a business cycle, and product prices rose significantly compared with the same period last year. The company seized the market opportunity to actively respond to the adverse effects such as rising prices of raw and auxiliary materials, and increased the load of devices, broadened marketing channels, optimized marketing structure, titanium dioxide production and sales broke through new highs, and business income and operating performance increased significantly compared with the same period last year.
[TC4 titanium alloy thick plate of super-large size delivered smoothly] recently, the plate factory of Baotou Titanium Group successfully delivered a batch of super-large size TC4 titanium alloy thick plate with size 100x2100 × 4000mm and single 3900kg, which marked a breakthrough in the whole process production capacity of the company's super-large TC4 titanium alloy thick plate.
Terminal information
[semiconductor equipment manufacturer ASML German factory fire] Asmaier (ASML), the leading global semiconductor equipment manufacturer, said on the 3rd that there was a fire at a factory in Germany, but fortunately there were no casualties, but it was too early to assess the impact on its operations. ASML, a major supplier of critical equipment to chipmakers, is doing its best to produce due to a global shortage of semiconductors, and any delivery delay could affect customers who want to increase production.
The price of air conditioners rises again. Can the wind still rise? From the perspective of the contradiction between supply and demand, the output of air conditioners has not declined significantly, but the sales of air conditioners are not optimistic. According to Oviyun.com, the retail volume of the domestic air conditioner market in 2021 was 50.35 million units, down 5.8% from the same period last year; retail sales were 159.88 billion yuan, down 0.1% from the same period last year. The volume has fallen together, which is rare in the history of air-conditioning development. This shows that the air-conditioning market in 2021 is very cold, because the real estate downturn, economic recession and other adverse factors continue unabated, the air-conditioning market can only be colder until 2022. In this dilemma, it is conceivable that some brands with weak appeal want to raise their flags and raise prices.
[936200 cars delivered by Tesla in 2021, 308600 vehicles delivered in the fourth quarter] for the whole year of 2021, Tesla produced about 930400 vehicles and delivered nearly 936200 vehicles for the whole year, of which the Model S and Model X models produced 24390 vehicles with 24964 deliveries, and Model 3 and Model Y produced 906032 vehicles with 911208 deliveries.
In the fourth quarter of 2021, Tesla produced 305840 vehicles and delivered 308600 vehicles, including 13109 Model S and Model X models with 11750 deliveries and 292731 Model 3 and Model Y deliveries with 296850 deliveries.
According to foreign media reports, as the supply of lithium and other raw materials is difficult to meet the inflated demand, the price of electric vehicle batteries will rise again in 2022 after a decade of sharp decline.
As mining companies scramble to increase production at existing facilities and look for new sources of supply, the benchmark price of lithium carbonate set a new record at the end of 2021. China is the world's largest battery producer, and the domestic price of lithium raw materials has reached 261500 yuan ($41060 per ton), more than five times higher than in January last year.
On January 1, China Securities Regulatory Commission (CSRC) recently disclosed that it had received the approval materials of overseas initial public offering shares (including common shares, preferred shares and other derivative forms of shares) of China Chuang Xinhang Technology Co., Ltd. (hereinafter referred to as "Sinovel"), according to the news on January 1 that China Chuangxin Airlines plans to list in Hong Kong with an annual capacity target of 500GWh for power battery production in 2025. After it is accepted, Sinovel is expected to be able to submit its prospectus on the Hong Kong Stock Exchange soon.
On November 17, 2021, Sinovel held a CALB strategy conference in Changzhou, Jiangsu Province. At the meeting, Liu Jingyu, chairman of Sinovel, said that AVIC had completed its shareholding transformation and planned to land in the capital market.
[the first global IPO show starts today: LG Energy begins its roadshow and bookkeeping plan to be listed at the end of the month] the anticipated first big show in the global IPO market this year has begun. LG Energy Solutions, a South Korean battery maker, began roadshows and bookkeeping on Monday and plans to launch trading on the Korean Stock Exchange on Jan. 27.
According to the terms of the IPO issued by the media, the price of LG Energy's new shares ranges from 25.7 won to 300000 won (US $216.19 to US $252.36), raising a total of US $92 to US $10.8 billion, which will be the largest IPO, in South Korea's history, far exceeding the previous record, when Samsung Life raised US $4.9 billion in IPO.
Nearly 330 million! Duofuoduo Company intends to purchase Jiaozuo Hexin equipment to speed up the construction of lithium hexafluorophosphate] on January 1, 2022, Duofuoduo (002407) issued a notice saying that the company examined and passed the "motion on subsidiary procurement of equipment from related parties and related transactions". The company's subsidiaries Duofu Duoyangfu New Materials Co., Ltd. (hereinafter referred to as "Yangfu New Materials") and Duofu Duohaina New Materials Co., Ltd. (hereinafter referred to as "Haina New Materials") respectively signed an "equipment purchase and sales contract" with Jiaozuo Hexin Machinery Co., Ltd. (hereinafter referred to as "Jiaozuo Hexin"). Yangfu New Materials plans to purchase crystallizer and other equipment from Jiaozuo Hexin, with a total transaction amount of 161 million (including tax). Hainer new material plans to purchase crystallizer and other equipment from Jiaozuo Hexin, with a total transaction amount of 168 million (including tax).
On the evening of December 28th, Putailai (603659) announced that the company's holding subsidiary, Ruyuan East Sunshine Fluororesin Co., Ltd. (hereinafter referred to as "East Sunshine Fluororesin"), reached a preliminary investment intention with the people's Government of Ruyuan Yao Autonomous County, Shaoguan City, Guangdong Province, to build 20, 000 tons / year PVDF and 45000 tons / year R142b projects in Ruyuan.
Data show that Pu Tai Lai and Guangdong Dongyang Science and Technology holding Co., Ltd. and its subsidiary Ruyuan East Sunshine Fluorine Co., Ltd. signed the "Strategic Cooperation and Investment Framework Agreement" and "Capital increase Agreement" respectively. The two sides will jointly promote the business development and industrial planning of Dongguang Fluororesin to ensure that Dongyang Fluororesin starts the 10, 000-ton / year PVDF+ 27000-ton / year R142b project. Up to now, Dongyang light fluorine resin has a production capacity of 5000 tons of PVDF.
Keep up with the pace of Ningde era! On the evening of December 31, 2021, Zhenyu Science and Technology (300953) announced that the company intends to invest in the second phase of Zhenyu new energy battery structure project in Yibin, Sichuan, with a total investment of 500 million yuan. The company said that the purpose of this investment is to improve the company's production capacity in the field of precision structure manufacturing of power lithium batteries and to better meet the needs of customers' production capacity.
Data show that Zhenyu Technology was founded in 1994 and officially listed on the gem in March 2021. Its main business includes precision progressive stamping dies, motor cores and precision structural parts of power lithium batteries.
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