[afternoon News] Vietnam launched an anti-dumping investigation into Chinalco profiles * the first time it fell to the ground today.

Metal news

[China's most powerful conventional bomb tested with fine spherical aluminum powder] at the end of 2018, China Arms Industry Group dropped a new type of aerial bomb with a bomber-6K strategic bomber. According to some Chinese media, this giant bomb weighs several tons and is the largest conventional bomb in China. It is 5 meters to 6 meters long and weighs up to 10 tons, and can easily and completely destroy fortified ground targets and fortified fortifications. It can also be used to remove obstacles and open up temporary landing sites for aircraft. According to Newsweek's website on January 3 and China's "reference News" on January 5, a major Chinese defense company tested a giant bomb. The Chinese bomb is widely believed to be equivalent to the American bomb known as the "mother of bombs" (mother of bomb). In any case, China is the third country in the world to produce and drop such a giant bomb after the United States and Russia. "View detail

On January 11, 2019, the Vietnamese Ministry of Industry and Trade issued an announcement saying that on the application of four Vietnamese aluminum profile manufacturers, Decides to initiate an anti-dumping investigation into aluminum alloy or non-alloy profiles (Vietnamese: M / ts / nph / mb / ngnh / m, / pkimho / ckh / ngh / pkim, / ngthanh, / quevà h / nh), which are native to China (Vietnamese: M / alloy / ckh / alloy / pkimho / alloy / ngh / pkim, / ngthanh, / quevà h / nh). The case concerns products under Vietnamese tax codes 7604.10.10, 7604.10.90, 7604.21.90, 7604.29.10 and 7604.29.90. Interested parties shall register their response before February 28, 2019. "View detail

[agency Review: copper and Aluminum maintain weakness and cut profit expectations] Aluminum exports fell back in December 2018 compared with the previous month, and the effect of grabbing exports gradually dissipated. In terms of cost, after the price of alumina and prebaked anode continued to fall, the loss of electrolytic aluminum maintained a relatively stable level, which extended the space for the downward trend of aluminum price. The Spring Festival storage cycle of aluminum ingots has begun, and the high level of electrolytic aluminum inventory continues to rise. At present, there is no news of production reduction on the supply side. In the short term, under the dual factors of Spring Festival and loss, the probability of new production implementation is small, and the stability of loss also suppresses the kinetic energy of production reduction, and the supply of electrolytic aluminum is maintained at a relatively stable level. Taken together, the downward trend in aluminum prices has not changed under the multiple negatives of cost collapse, inventory accumulation and the off-season of consumption. In operation, it is recommended that the empty order should continue to be held, and the bottom stop position should be reduced to 13000. "View detail

China Minmetals: the overall global mining demand will remain high this year. China Minmetals Group Co., Ltd. recently analyzed the development trend of the industry and concluded that the overall global mining demand will remain high this year, and the supply of major varieties will be slightly smaller than the demand. However, affected by the increase of economic uncertainty, the phased fluctuation and adjustment of mining product prices will be intensified, and the trend of key varieties will be divided. Guo Wenqing, general manager of China Minmetals, focused on analyzing the market prospect of the iron and steel industry at the meeting. He said that China's steel industry has entered a critical period of deep adjustment, industry concentration will be further increased, capacity replacement, green, intelligent and "go out" demand is urgent. "the imbalance between the layout, structure and development of the global iron and steel industry not only brings huge market opportunities, but also puts forward newer and higher requirements for technological innovation, operation mode and service mode." "View detail

[Tibetan holding: production of subsidiary lithium carbonate project] Tibetan holding announced on the evening of January 14 that the company recently received a notice from its subsidiary, Tibetan Lithium Industry. It was learned that the first phase of the Tibetan lithium industry project with an annual production capacity of 20,000 tons of lithium carbonate (with an annual output of 10,000 tons of lithium carbonate) has been successfully put into production recently, and the first batch of products have been inspected by authoritative departments to meet battery-grade standards.

Macro market

The people's Bank of China (PBoC) conducted a 28-day reverse repo operation of 100 billion yuan and a 7-day reverse repo operation of 80 billion yuan on the open market. There is no reverse buyback due today. In addition, 390 billion yuan of MLF is due today. The people's Bank of China will cut the reserve requirement ratio by 0.5 percentage points today and next Friday, while discontinuing the 1.2 trillion yuan MLF due in the first quarter.

[Ministry of Finance: 2018 tax reduction and fee reduction 1.3 trillion] on the 15th, Assistant Finance Minister Xu Hongcai was invited to attend the press conference of the State New Office. He concluded at the meeting that the scale of tax cuts for the whole of 2018 was about 1.3 trillion yuan. Among them, he mentioned that last year, China twice raised the export tax rebate rate for some products and reduced the overall tariff level, which will reach 7.5 percent from 8.8 percent in 2017.

[ten provinces 2018 GDP data released for the first time "9 trillion club"] in 2019 provincial and local meetings were held one after another. As of the 14th, 10 provinces, autonomous regions and municipalities in Tibet, Beijing, Tianjin, Hebei, Hubei, Fujian, Sichuan, Anhui, Jiangsu and Xinjiang had held two provincial and local meetings and released their 2018 local economic transcripts. In terms of total economic output, many provinces have made important leaps and bounds, among them, Jiangsu GDP entered the gate of "9 trillion club" for the first time, Beijing GDP exceeded 3 trillion yuan for the first time, and became the second city with GDP exceeding 3 trillion yuan. The number of cities with more than a trillion GDP is expected to increase to 17 in 2018. In terms of economic growth, Tibet is ahead of the pack in terms of double-digit growth, while many targets for GDP growth in 2019 are lower than in 2018. "View detail

[absenteeism soared, security lines were long and airports were nearly "shut down" by the shutdown of the US government] on Monday, TSA spokesman Michael Bilello tweeted that the accidental absenteeism rate among its employees nationwide reached 7.6 per cent today. That number has more than doubled from 3.2% a year ago. But he also stressed that, in spite of this, U. S. airport security standards remain as strict as ever. The absence of security personnel superimposed the bad weather of the East Coast snowstorm, As the three major airports in the United States, Atlanta Hazfield Jackson International Airport, Washington Dulles International Airport and Houston George Bush Intercontinental Airport were forced to close some security lanes, the waiting time for passengers was also prolonged. "View detail

[Fed vice chairman hinted that the number of rate increases this year may be lower than expected.] Richard Clarida, vice chairman of the Federal Reserve, hinted on Monday that the actual number of interest rate increases by the Fed in 2019 may be less than the previous official expectations. A lot of things have really happened since the first week of December, Richard Clarida told Fox Business Network. Some global economic growth figures are starting to weaken. We believe that we can be patient this year when we meet to discuss appropriate policies. He also said that officials will pay close attention to the upcoming economic data, including global economic growth, "we will see the overall macroeconomic situation." "View detail

Terminal market

[in December 2018, automobile production showed a downward trend compared with the previous month.] according to the China Automobile Association, in December 2018, car production was 2.4822 million, down 0.65 percent from the previous month and 18.39 percent from the same period last year. Sales of 2.6615 million vehicles, up 4.46% from the previous month, down 13.03% from the same period last year. From January to December, car production and sales were 27.8092 million and 28.0806 million, down 4.16 per cent and 2.76 per cent from a year earlier.

A few days ago, the company announced that it had signed an agreement with China Building Materials Junxin Technology Co., Ltd., which intends to issue shares to it and pay cash to it, "the company said in an announcement a few days ago," the company signed an agreement with China Building Materials Junxin Technology Co., Ltd., to issue shares to it and pay cash to it. " Purchase of shares in and all rights and interests in companies engaged in photovoltaic power generation and other related businesses. According to the announcement, the acquisition of building materials Junxin can increase the business scale of Mengshi Technology in the photovoltaic industry, and the company's existing energy storage business and the building materials Bengbu business to form a good synergy effect.

The first subway car in Inner Mongolia was the lightest aluminum alloy subway in China on the afternoon of the 13th. The first train of the first phase of the subway line 1 project in Hohhot, capital of Inner Mongolia Autonomous region, was disassembled from the first workshop in the bus manufacturing center of China Railway long passenger Co., Ltd. As the first batch of subway vehicles to serve the Inner Mongolia Autonomous region, the train is not only intelligent, environmentally friendly, safe and reliable, but also has a high appearance in line with the grassland culture. The subway vehicle adopts B-type aluminum alloy car body, a total of six carriages per train, four movements and two towing, with a maximum speed of 80 kilometers per hour and a maximum carrying capacity of 2062 passengers. It is reported that the train is currently the lightest aluminum alloy subway vehicle in China. At the same strength, the weight of the train is 10 tons less than that required by the contract, greatly reducing the energy consumption of train operation and reducing the wear and tear between tracks and vehicles. In line with the concept of green travel of modern urban development. "View detail

Related market

[Penhui Energy will provide SAIC GM Wuling with waste battery cascade recycling services] Lithium battery manufacturer Penghui Energy announced a few days ago that it will provide SAIC GM Wuling with power battery products and waste battery cascade recycling services. SAIC General Wuling has also realized the layout of battery recovery business. Industry insiders pointed out that the battery recovery industry is faced with high recovery costs, imperfect technical specifications and other problems, it is necessary to take a variety of measures to promote the development of the industry. The data show that the effective life of passenger vehicle battery is about 4-6 years, and that of commercial vehicle battery is about 3 years.

[LG chemical coded battery service; LG Chemical announced plans to invest another 1.2 trillion won by 2020 to build a power battery factory and a small battery factory in the Xingang Development Zone in Nanjing, China. The two factories each invested 600 billion won, and the relevant investment contract was signed in Nanjing on January 9.

[power Battery Innovation Alliance: 2018 Power Battery loading 56.9GWh Ningde Times / BYD / Hefei Guoxuan top three] January 14, 2018, The China Automobile Power Battery Industry Innovation Alliance released data on the production, sales and loading of new energy vehicle batteries in December 2018 and the whole year of 2018. From the point of view of output, in December 2018, the output of power batteries in China totaled 8.0Gwh. among them, the output of ternary batteries was 4.9GWh, accounting for 60.4% of the total output and 6.8% lower than the previous month. The output of lithium iron phosphate battery was 2.8 GWH, accounting for 34.3% of the total output, and increased by 2.2% compared with the previous month. For the whole year of 2018, the cumulative output of power batteries in China reached 70.6 GWh. among them, the cumulative production of ternary batteries was 39.2GWh, accounting for 55.5% of the total output, and the cumulative production of lithium iron phosphate batteries was 28.0GWh, accounting for 39.7% of the total output. Batteries of other materials account for 4.8%. "View detail

[Samsung SDI takes part in the 2019 North American International Auto Show to launch the latest electric car battery] January 14, local time, Samsung SDI (Samsung SDI Co.), South Korea's leading battery maker, says it will show off its latest batteries at the 2019 North American International Auto Show (NAIAS), mainly for electric vehicles (EV) and hybrid vehicles. Samsung SDI, the battery subsidiary of Samsung Electronics (Samsung Electronics Co.), will display a variety of battery batteries, battery modules and battery packs at the international auto show, which will be held in Detroit, Michigan. The opening time is from January 14 to 27. Samsung SDI will launch its fast-charging, high-capacity batteries for electric vehicles and plug-in hybrid electric vehicles (PHEV) under the theme of "car charging 2.0" to attract the interest of global carmakers. Such carmakers are looking for custom batteries for their electric car products. "View detail

[problems such as high recovery cost of power batteries need to be solved by a variety of measures.] people in the industry point out that at present, there are difficulties in technology, profit model, qualification access, and so on, regardless of whether they are used step by step or recycled. "the cost of comprehensive utilization of waste batteries is high. Specifically, cobalt is the most expensive metal in batteries. Early ternary batteries, such as NCM523, had a high cobalt content of 20%; now the cobalt content of batteries continues to decline. For example, NCM622 and 811, recycling is not cost-effective. " Shanghai intelligent new energy experts pointed out. In terms of step utilization, the above experts pointed out that the split and reorganization cost of the sealed waste battery pack is high, and the hidden danger of safety is large, and the secondary development should be carried out mainly on the basis of the original battery pack. It is applied to distributed energy storage system and personalized microgrid system. The person suggested that power battery manufacturers should be required to add recording of the last 50 battery cycles to the BMS battery management system in order to reduce the cost of testing in cascade recovery. "View detail