[SMM afternoon News] the Fed's failure to raise interest rates is good for the global economy * Philippine nickel producer DMCI expects a difficult year-Shanghai Metals Market

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[SMM afternoon News] the Fed's failure to raise interest rates is good for the global economy * Philippine nickel producer DMCI expects a difficult year

Translation 11:58:16AM Mar 21, 2019 Source:Shanghai Nonferrous Metals Network

Metal news

[Fed interest rates exceed expectations, doves are more likely to cut interest rates] based on the existing performance of the labor market environment and inflation and future expectations, this Fed meeting, FOMC members unanimously voted to keep the general and excess reserve rate at 2.40%, while keeping the federal funds rate within the 2.25% to 2.50% target range. In addition to releasing the details of the contraction section that had long been expected for the market, the meeting also showed that interest rates would not be raised this year, exceeding market expectations. Makes the position of this meeting very dovish. "View detail

[Indonesian Finance Minister: the Fed does not raise interest rates is good for the global economy.] Indonesian Finance Minister (Sri Mulyani Indrawati) said on Thursday that the Fed expects no more rate increases in 2019 to be "good for the global economy," and the market will be calmer than it was last year when the Fed raised interest rates four times. "this shows that they [the Fed] are worried about a slowdown in the US and the global economy," Mr Yingzhuo said. " In the face of signs of a global economic slowdown, the Fed abandoned any interest rate increases this year at a two-day policy meeting that ended on Wednesday. Indonesia's central bank will conclude its policy meeting later on Thursday. Although inflation has fallen to its lowest level in nearly a decade, Indonesia's central bank is widely expected to leave interest rates unchanged for the fourth month in a row, according to the Reuters survey. "View detail

Terminal news

[confidence in lithium is back in the Bacanora Lithium Plc: market is now in a tight balance] the chief executive of Bacanora Lithium Plc said the company experienced financing difficulties last year, but can now start financing. In July, the company cancelled a $100 million share issue, originally to build Mexico's first lithium mine. But now that the company says that after months of uncertainty, investors are worried about falling lithium prices and a glut of lithium mines for electric car batteries, the market appears to have regained confidence. "View detail

Shandong Ruifu Lithium Industry Co., Ltd. (hereinafter referred to as "Ruifu Lithium Industry"), the target of the merger and acquisition of Shandong Ruifu Lithium Industry Co., Ltd. (hereinafter referred to as "Ruifu Lithium Industry"), encountered Waterloo in the same year. Performance compensation is expected to 900 million yuan, in the face of this embarrassing situation, Meidu Energy simply terminated the acquisition, to return Ruifu lithium shares to the original shareholders. "View detail

[more than half of the net profit of power battery companies fell in 2018] of the 25 power battery companies, 9 had a double increase in net profit and 14 had a decline in net profit. Competition has become increasingly fierce, a number of power battery-related listed companies recently released 2018 results KuaiBao. Judging from the overall revenue and the net profit (referred to as "net profit") belonging to the shareholders of listed companies, of the 25 enterprises counted, 11 have achieved positive growth in net profit. Guoxuan high technology, 100 million weft lithium energy and other 9 enterprises revenue and net profit also achieved double growth. The highest net profit in 2018 was in Ningde era, at 3.58 billion yuan, although there was still a 7.7 per cent drop compared with 2017. "View detail

[Japan promotes the practical storage capacity of "air batteries" to reach 5 to 10 times that of lithium batteries] Japanese media say Japanese companies have been developing technologies to significantly improve the service life of air batteries. Service life is the biggest subject of air battery, which is called "ultimate battery". The hydrogen-air fuel cell developed by Fujitsu's FDK is expected to be practical in three years. (NTT), a Japanese telecom and telephone company, has trial-produced lithium-air batteries with a long service life. "View detail

[total investment is 5.1 billion yuan! Tianji Automobile Changsha New Energy Project started on March 20, Tianji Automobile Changsha New Energy Project was launched in Changsha High-tech Zone, covering a total area of 500mu with a total investment of 5.1 billion yuan, which is scheduled to be completed in November 2020. After the completion of the project, the annual production capacity of 60, 000 new energy passenger vehicles will be formed, with an annual output value of more than 13 billion yuan and an annual tax of 1.043 billion yuan to produce high-end electric models owned by Skyline vehicles. Tianyi Automobile is a high-end travel technology company integrating research and development, production, sales and service of new energy vehicles. It has two major brands, Tianji and electric coffee, covering the passenger car and commercial vehicle market, taking into account shared travel. Within five years, Tianji will continue to improve the product layout, around the mainstream to high-end launch of eight new models, including 2 cars, 5 SUV and 1 MPV model, covering all market segments. "View detail

Related news

[Yi Wei Li can respond to questions from e-cigarette companies about McWeill's listing journey] CCTV 315 Evening reports on the harm of e-cigarettes, making Yi Wei Li Neng and its subsidiary McWeill once again become the focus of attention in the capital market. On March 18, in response to previous CCTV reports and an inquiry letter from the Shenzhen Stock Exchange, Yi Wei Li Neng issued a notice saying that McWeill did not have false propaganda, nor did it involve other violations of the law. At the same time, McWeill does not produce e-cigarette liquid. "View detail

[pilot Intelligence expects to make a profit of 173 million yuan-225 million yuan in the first quarter of 2019] the performance forecast of pilot Intelligence in the first quarter (January 1, 2019-March 31, 2019) is profit: 173.0594 million yuan-224.9772 million yuan. Up from a year earlier: 0% to 30%. "View detail

[133000 km pipeline network assets merged with the National Oil and Gas Pipeline Network Company to be listed by the end of June at the earliest] the Oil and Gas Pipeline Network Company (hereinafter referred to as the "Oil and Gas Pipeline Network Company") returned to public vision on March 19, At its seventh meeting, the Central Committee for Comprehensive deepening of Reform examined and adopted the "opinions on the implementation of the Reform of the Operation Mechanism of Oil and Gas Pipeline Networks," at which it was mentioned the establishment of oil and gas pipe network companies with state-owned capital holding and diversified investors. "View detail

[orders for Japanese machine tools to China fell sharply by half in February] the number of orders for machine tools for February released by the Japan Machine tool Industry Association on the 20th showed that orders for exports to China fell by 50.4 percent compared with the same period last year, down from the previous year for 12 months in a row. Orders to the United States and Europe were also lower than the previous year, and all three major exporters were lacklustre. Exports to China, which shape the future outlook, remain depressed and do not seem to see any signs of recovery. "View detail

"Click to view details

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Key Words:  Copper  aluminum  lead  zinc  tin  nickel 

[SMM afternoon News] the Fed's failure to raise interest rates is good for the global economy * Philippine nickel producer DMCI expects a difficult year

Translation 11:58:16AM Mar 21, 2019 Source:Shanghai Nonferrous Metals Network

Metal news

[Fed interest rates exceed expectations, doves are more likely to cut interest rates] based on the existing performance of the labor market environment and inflation and future expectations, this Fed meeting, FOMC members unanimously voted to keep the general and excess reserve rate at 2.40%, while keeping the federal funds rate within the 2.25% to 2.50% target range. In addition to releasing the details of the contraction section that had long been expected for the market, the meeting also showed that interest rates would not be raised this year, exceeding market expectations. Makes the position of this meeting very dovish. "View detail

[Indonesian Finance Minister: the Fed does not raise interest rates is good for the global economy.] Indonesian Finance Minister (Sri Mulyani Indrawati) said on Thursday that the Fed expects no more rate increases in 2019 to be "good for the global economy," and the market will be calmer than it was last year when the Fed raised interest rates four times. "this shows that they [the Fed] are worried about a slowdown in the US and the global economy," Mr Yingzhuo said. " In the face of signs of a global economic slowdown, the Fed abandoned any interest rate increases this year at a two-day policy meeting that ended on Wednesday. Indonesia's central bank will conclude its policy meeting later on Thursday. Although inflation has fallen to its lowest level in nearly a decade, Indonesia's central bank is widely expected to leave interest rates unchanged for the fourth month in a row, according to the Reuters survey. "View detail

Terminal news

[confidence in lithium is back in the Bacanora Lithium Plc: market is now in a tight balance] the chief executive of Bacanora Lithium Plc said the company experienced financing difficulties last year, but can now start financing. In July, the company cancelled a $100 million share issue, originally to build Mexico's first lithium mine. But now that the company says that after months of uncertainty, investors are worried about falling lithium prices and a glut of lithium mines for electric car batteries, the market appears to have regained confidence. "View detail

Shandong Ruifu Lithium Industry Co., Ltd. (hereinafter referred to as "Ruifu Lithium Industry"), the target of the merger and acquisition of Shandong Ruifu Lithium Industry Co., Ltd. (hereinafter referred to as "Ruifu Lithium Industry"), encountered Waterloo in the same year. Performance compensation is expected to 900 million yuan, in the face of this embarrassing situation, Meidu Energy simply terminated the acquisition, to return Ruifu lithium shares to the original shareholders. "View detail

[more than half of the net profit of power battery companies fell in 2018] of the 25 power battery companies, 9 had a double increase in net profit and 14 had a decline in net profit. Competition has become increasingly fierce, a number of power battery-related listed companies recently released 2018 results KuaiBao. Judging from the overall revenue and the net profit (referred to as "net profit") belonging to the shareholders of listed companies, of the 25 enterprises counted, 11 have achieved positive growth in net profit. Guoxuan high technology, 100 million weft lithium energy and other 9 enterprises revenue and net profit also achieved double growth. The highest net profit in 2018 was in Ningde era, at 3.58 billion yuan, although there was still a 7.7 per cent drop compared with 2017. "View detail

[Japan promotes the practical storage capacity of "air batteries" to reach 5 to 10 times that of lithium batteries] Japanese media say Japanese companies have been developing technologies to significantly improve the service life of air batteries. Service life is the biggest subject of air battery, which is called "ultimate battery". The hydrogen-air fuel cell developed by Fujitsu's FDK is expected to be practical in three years. (NTT), a Japanese telecom and telephone company, has trial-produced lithium-air batteries with a long service life. "View detail

[total investment is 5.1 billion yuan! Tianji Automobile Changsha New Energy Project started on March 20, Tianji Automobile Changsha New Energy Project was launched in Changsha High-tech Zone, covering a total area of 500mu with a total investment of 5.1 billion yuan, which is scheduled to be completed in November 2020. After the completion of the project, the annual production capacity of 60, 000 new energy passenger vehicles will be formed, with an annual output value of more than 13 billion yuan and an annual tax of 1.043 billion yuan to produce high-end electric models owned by Skyline vehicles. Tianyi Automobile is a high-end travel technology company integrating research and development, production, sales and service of new energy vehicles. It has two major brands, Tianji and electric coffee, covering the passenger car and commercial vehicle market, taking into account shared travel. Within five years, Tianji will continue to improve the product layout, around the mainstream to high-end launch of eight new models, including 2 cars, 5 SUV and 1 MPV model, covering all market segments. "View detail

Related news

[Yi Wei Li can respond to questions from e-cigarette companies about McWeill's listing journey] CCTV 315 Evening reports on the harm of e-cigarettes, making Yi Wei Li Neng and its subsidiary McWeill once again become the focus of attention in the capital market. On March 18, in response to previous CCTV reports and an inquiry letter from the Shenzhen Stock Exchange, Yi Wei Li Neng issued a notice saying that McWeill did not have false propaganda, nor did it involve other violations of the law. At the same time, McWeill does not produce e-cigarette liquid. "View detail

[pilot Intelligence expects to make a profit of 173 million yuan-225 million yuan in the first quarter of 2019] the performance forecast of pilot Intelligence in the first quarter (January 1, 2019-March 31, 2019) is profit: 173.0594 million yuan-224.9772 million yuan. Up from a year earlier: 0% to 30%. "View detail

[133000 km pipeline network assets merged with the National Oil and Gas Pipeline Network Company to be listed by the end of June at the earliest] the Oil and Gas Pipeline Network Company (hereinafter referred to as the "Oil and Gas Pipeline Network Company") returned to public vision on March 19, At its seventh meeting, the Central Committee for Comprehensive deepening of Reform examined and adopted the "opinions on the implementation of the Reform of the Operation Mechanism of Oil and Gas Pipeline Networks," at which it was mentioned the establishment of oil and gas pipe network companies with state-owned capital holding and diversified investors. "View detail

[orders for Japanese machine tools to China fell sharply by half in February] the number of orders for machine tools for February released by the Japan Machine tool Industry Association on the 20th showed that orders for exports to China fell by 50.4 percent compared with the same period last year, down from the previous year for 12 months in a row. Orders to the United States and Europe were also lower than the previous year, and all three major exporters were lacklustre. Exports to China, which shape the future outlook, remain depressed and do not seem to see any signs of recovery. "View detail

"Click to view details

Scan QR code, apply to join SMM metal exchange group, please indicate company + name + main business

Key Words:  Copper  aluminum  lead  zinc  tin  nickel