Zinc dye based photovoltaic on the tactics of discovery

Total zinc ingots inventories across seven major markets in China stood at 284,100 mt as of April 15, up 6,100 mt from April 8, down 3,700 mt from April 11.

The National Development and Reform Commission and the National Energy Administration issued the 14th Five-Year Plan for Modern Energy System.

First Applied Material released its annual report for 2021. During the reporting period, First Applied Material achieved business income of 12.858 billion yuan, an increase of 53.20% over the same period last year.

Shanghai base metals mostly trended lower on Tuesday morning after US dollar rallied significantly. Meanwhile, their counterparts on LME performed similarly.

Shanghai nonferrous metals mostly closed in the positive territory as the market was cheered up by the macro front, as China released its December official manufacturing and non-manufacturing PMI readings, which topped market expectation.

SHFE and LME zinc prices once again hit new highs in two months, mainly owing to the continuously rising electricity and natural gas prices which rose by more than 20% amid intensifying energy shortages in the eurozone, according to SMM. Meanwhile, the costs of smelters also climbed due to low zinc concentrate TCs as a result of tight supply.

Market focus this week includes the readings of the manufacturing PMI in the Eurozone in November and the Markit manufacturing PMI in the United States in November; the one-year loan market interest rate as of November 22 in China. On the events front, the Federal Reserve FOMC will release the minutes of the monetary policy meeting this Thursday; Bank of England Governor Bailey will deliver a speech this Friday.

The photovoltaic sector ushered in limit up in the afternoon. The United States Court of International Trade (CIT) officially announced on November 16 the restoration of the 201 tariff exemption for two-sided solar modules and lowered the 201 clause tariff rate to 15% from 18%. Under these two changes, the additional tariffs previously levied will be refunded to relevant companies. The photovoltaic products exported to the United States by companies including Longi Green Energy Technology, JKS, CSIQ, Trina Solar and other companies were detained by border customs due to withhold release orders (WRO) in the previous period, which has caused concerns about increasing difficulties in exporting photovoltaic modules to the United States.

Shanghai base metals basically trended higher on Tuesday morning amid extended power rationing. Meanwhile, their counterparts on LME mostly fell.

The Shanghai-based East Hope Group has reached a cooperation agreement with the government of Miaochi county, to invest 10 billion yuan to build a 10GW photovoltaic module project.