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[SMM Metal Breakfast] domestic metal general drop stainless steel fell 2.01% * tin price range fluctuated violently * Cobalt storage price and reserves were confirmed on the 17th.
Sep 16,2020 07:20CST
translation
Source:SMM
[SMM Metal Breakfast] domestic metal general drop stainless steel fell 2.01% in August aluminum plate and strip operating rate increased steadily compared with August * tin price range fluctuated violently * Ifishdeco plans to sell 800000 tons of nickel mine before the end of this year * Qingtuo special steel wire bar project will be put into production in September next year * silicon factory quotation will rise * cobalt storage price, Reserves collection confirmed on the 17th * China's lithium carbonate production increased by 12.6% month-on-month in August * Lithium carbonate price is expected to rise slightly in the short term * Niobium price performance is weak * hot coil market arrival continues to increase * steel price sluggish start-up rate drops slightly * Tesla purchases low-carbon nickel
The content below was translated by Tencent automatically for reference.

[macro outlook] Today, focus on EIA crude oil inventory in the week from the United States to Sept. 11.

[overnight market] domestic metals generally fell, stainless steel fell 2.01%, oil prices rose by more than 3% due to the hurricane.

Today's focus

[SMM analysis: the operating rate of aluminum strip in August is stable and expected to improve in September] Shanghai Nonferrous Network recently completed a survey of the aluminum strip industry in August. After communicating and understanding with more than 50 enterprises in the industry, the statistics show that the average weighted operating rate of China's aluminum strip industry in August was 68.61%, up 0.46% from July and down 1.76% from last year. On the whole, it is basically in line with expectations. "View details

[SMM analysis: the supply and demand of tin price range fluctuates violently.] on the supply side, due to the continued spread of the overseas epidemic, the output of some foreign tin smelters has declined due to the temporary shutdown. On the demand side, preliminary research shows that the output of the solder industry increased slightly in August compared with July, which is related to the traditional peak season of the industry. The chemical industry is affected by foreign trade, and some enterprises have reduced their production. As solder accounts for a large proportion of downstream tin demand, overall, downstream demand is expected to increase slightly in September and October. On the whole, the performance of the demand side of the tin market is still strong, and the supply side is still tight, but the tightening situation will be weakened with the recovery of supply-side production capacity. "View details

[SMM brief Review: Qingtuote Steel Line Bar Project will be put into production next September to expand stainless steel industry chain] according to SMM's understanding, this project is mainly a stainless steel cold rolling line bar processing project. At present, the stainless steel coil market of various steel mills has become more mature and stable. In order to expand the stainless steel industry chain, it begins to gradually distribute the wire bar and pipe profile market, and gradually increase the wire bar and pipe profile market. On the other hand, Qingshan Group and Jiangsu Delong have set up stainless steel production lines in Indonesia, and the monthly billet import has a certain advantage for the production of stainless steel wire bars. "View details

[SMM: Yunnan Dehong epidemic aggravates silicon factory quotation rise] yesterday, Ruili City, Dehong Prefecture found two imported cases from Myanmar and closed the city. A local silicon factory in Ruili is currently in normal production. Other silicon factories in Dehong Prefecture, such as Yingjiang County and Mangshi, have no impact on production, but the silicon factory quotation has been raised because of fears that the subsequent transportation of raw materials and finished products will be limited. Dehong individual silicon factory 421 and 330 silicon factory quotation rose to 12000 yuan / ton. "View details

[cobalt collection and storage price, reserve collection is expected to be 2000-3000 tons on the 17th] feedback from SMM customers, the document does not disclose the collection and storage brand, reserves and participants, and there are no traders involved. The market is expected to receive reserves of 2000-3000 tons, the smelters do not quote or quote unchanged, downstream alloy plants do not increase the willingness of procurement plans because of storage, spot transactions sporadic. Details of the collection and storage will be determined on Thursday. If the reserves are 2000-3000 tons and the delivery time is 2-3 months, it will only play a supporting role in cobalt prices, and it will still be difficult to rise. "View details

[SMM data: lithium carbonate production in August 2020] China's lithium carbonate production in August 2020 was 16700 tons, an increase of 12.6 percent from the previous month and 8.7 percent from the same period last year. The cumulative output from January to August was 104900 tons, an increase of 7.9 percent over the same period last year. "View details

[SMM analysis: lithium battery concept stock strengthening Chinese fir stock sealing plate lithium carbonate price is expected to rise slightly in the short term] according to SMM research, most of the domestic lithium salt manufacturers are in full production, and lithium carbonate is in short supply, lithium salt manufacturers are tight, and most of the quotations are higher. However, the rate of increase on the demand side is not as fast as the release rate of production capacity, so the price of lithium carbonate is expected to rise slightly and be stable in the long run. "View details

[SMM analysis: import and export performance is lacklustre niobium price performance is weak] Customs data show that the import and export of niobium-related products from January to July 2020 are significantly weaker than the same period in 2019, indicating that domestic market demand and export orders are sluggish. Except for the increase in unwrought niobium exports, the import and export volume of other products decreased by different degrees. "View details

[SMM Hot Volume arrival report: is there any hope for a rebound in hot rolls with increasing market arrivals? The arrival of mainstream market resources this week is expected to be 271000 tons, an increase of 23000 tons over last week, and a month-on-month increase of + 9 per cent. According to SMM, the recent hot coil production of steel mills has been active, the output has risen, and the shipping volume and speed of resources have been accelerated, which has led to an increase in the overall market arrival volume this week compared with the previous period. "View details

[SMM exclusive: steel price sluggish operating rate dropped slightly] according to SMM research, as of September 15, the operating rate of electric arc furnace was 78.24%, down 0.61% from the same period last week, and 2.43% lower than the same period last month (August 18). The decline in operating rate is mainly due to the weakening of profitability. Although the recent scrap price callback 20-30 yuan / ton, but the steel price Synchronize downward, and even in some areas (such as southwest) steel price decline is slightly greater than scrap 10-20 yuan / ton, steel mill profits shrinking, according to a number of manufacturers feedback, the current production of conventional specification thread has entered a state of loss.

Important news of metals and industry

[Chile's National Copper Department reached an agreement with local trade unions on new labor negotiations] it is reported that the EI Teniente Copper Division of Chile's National Copper has signed a collective agreement with local union management, the (collective Agreement), agreement will take effect from November 1 this year, valid for 36 months. Under the agreement, no adjustment has been made to the salary, but 3.6 million Chilean pesos are agreed to be paid as an allowance / bonus, and the relevant beneficiaries can radiate to none-union professionals, 3.6 million pesos, which is 53.4% lower than previously negotiated. "View details

[broad prospects for acid recovery and comprehensive utilization in non-ferrous industries] sulfuric acid, as a basic industrial chemical raw material, is widely used in various fields of national economy. Statistics from the National Bureau of Statistics and related literature data show that China's sulphuric acid consumption was 92.1292 million tons in 2017, 96.859 million tons in 2018, and slightly dropped to 89.357 million tons in 2019. The main sulfuric acid production methods in China are sulphuric acid production from sulfur, non-ferrous smelting flue gas and pyrite, accounting for 45.8%, 36.1% and 17.1%, respectively. Due to the high demand and the shortage of sulfur data, China needs to import tens of millions of tons of sulfur every year to meet the market demand for sulphuric acid. At the same time, a large amount of waste sulfuric acid is produced in industrial production. If the industrial waste acid can be treated as resources, it is not only conducive to the green development but also conducive to the sustainable development of China's sulphuric acid industry. "View details

[Zhongwang Group will speed up the implementation of the aluminum industry project in Luoyang] on September 9, Lu Changqing, chairman of Zhongwang Group, and his entourage came to Luoyang to carry out special docking on accelerating the 1 million-ton aluminum processing project in Henan Zhongwang, the Central Plains headquarters base project and Zhongwang Group's participation in the restructuring of Wanji Holdings. Lu Changqing said that Henan Province supports Luoyang to speed up the construction of a deputy central city, which is a rare opportunity for Zhongwang Group to develop in Luoyang. Zhongwang Group will speed up the implementation of the project in Luo and actively participate in the construction of deputy central cities.

[India launches anti-dumping investigation against Chinese aluminum flat-rolled products] on September 8, 2020, the Indian Ministry of Commerce and Industry announced that it had launched an anti-dumping investigation into aluminum flat-rolled products originating from or imported from China in response to the application submitted by the Indian company Hindalco Industries Limited. The aluminum flat rolled products in this survey include aluminum coils or aluminum rolled plates of various sizes. This case involves products under Indian customs codes 7606 and 7607. The dumping investigation period of this case is from April 2019 to March 2020, and the injury investigation period is from April 2016 to March 2017, from April 2017 to March 2018, from April 2018 to March 2019 and from April 2018 to March 2019. In view of the special circumstances of the current novel coronavirus epidemic (COVID-19), stakeholders should submit relevant information to the investigation authorities by e-mail (sent to adg11-dgtr@gov.in and dd15-dgtr@gov.in) within 30 days from the date of filing the case.

[Ifishdeco: plans to sell 800000 tons of nickel mines by the end of this year] recently, PT Ifishdeco Tbk said that in order to achieve good results by the end of this year, the company aims to sell 800000 tons of nickel mines. "View details

[Tesla is negotiating with a Canadian mining company to purchase low-carbon nickel] Tesla is reportedly in talks with Canadian mining company Giga Metals on the development of a large mine that could supply Tesla with low-carbon nickel. "View details

[1 million ton continuous solid solution pickling production line of Xinfeng Special Steel started today] at 10: 08 a.m. on September 14, Xinfeng Special Steel Co., Ltd. held the launching ceremony of 1 million tons of high-quality stainless steel continuous solid solution pickling production line. After the completion of the project, it will completely change the history that Wuzhou has no high-quality stainless steel pickling belt, provide hardware support for its production of high-quality cold rolling, promote the extension of stainless steel to the direction of intensive processing and industrial chain, and accelerate the development of Guangxi high-end stainless steel industrial park.

[Envision seeks to build a battery factory in France] Envision, a French newspaper, reported on Sunday that China Vision Energy Co., Ltd. is seeking to invest hundreds of millions of euros in building a battery factory in France to meet the growing electric battery market. The new battery factory is expected to start production by the end of 2023 and will create about a thousand jobs. The company has battery production plants in Japan, the United States and China, and it is reported that there are 12 locations to choose from. "View details

[Chinalco Light Research New magnesium rare Earth Alloy rolled sheet came out] A few days ago, Chinalco Light Research Alloy Technology Co., Ltd. successfully developed a wide width magnesium rare earth alloy plate with high strength and excellent weldability and realized industrial batch production. the maximum tensile strength of the new magnesium rare earth alloy rolled sheet is 365MPa, the yield strength is 310MPa, and the elongation is more than 6%. "View details

[China thin Toyang Phase I permanent Magnet Motor production Line was officially put into production] on September 10, China rare Earth Co., Ltd., a joint venture between China rare Earth Co., Ltd., Toyo Electric Motor Co., Ltd., and Beijing Lingyang Science and Trade Co., Ltd., held a production ceremony in Changshu, Jiangsu Province, China rare Toyo permanent Magnet Motor Co., Ltd. (hereinafter referred to as "Zhongshu Dongyang") held a production ceremony in Changshu, Jiangsu Province. It marks that the first phase of 200000 kW permanent magnet motor production line has been put into production. More than 100 people, including the rare Earth Office of the Ministry of Industry and Information Technology, the Changshu Municipal Party Committee and Municipal Government, the tripartite shareholder company of the joint venture, the relevant leaders and responsible persons of the joint venture and cooperative enterprises, attended the commissioning ceremony.

[national Bureau of Statistics: China's crude steel production increased 8.4% in August compared with the same period last year] according to the National Bureau of Statistics, China's crude steel output in August 2020 was 94.85 million tons, an increase of 8.4% over the same period last year. 688.89 million tons of crude steel output from January to August, an increase of 3.7%. In August 2020, China produced 78.55 million tons of pig iron, an increase of 5.0 percent over the same period last year. From January to August, China produced 589.4 million tons of pig iron, an increase of 3.4 percent over the same period last year. In August 2020, China's steel output was 119.13 million tons, an increase of 11.3 percent over the same period last year. From January to August, steel output was 844.69 million tons, an increase of 4.8 percent over the same period last year.

Macro focus

[national Bureau of Statistics: future consumption recovery is worth looking forward to] National Bureau of Statistics spokesman Fu Linghui said on the 15th that there are three factors affecting the recovery of consumption: first, residents' income has been affected to a certain extent; second, in order to prevent and control the epidemic, various localities have taken some restrictive measures; third, residents are still worried about consumption under the influence of the epidemic. At present, it seems that these factors are gradually weakening. Generally speaking, consumption growth itself has a strong stability, although the current overall consumption growth rate is still low, but with the effective control of the epidemic in China, the future recovery of consumption is worth looking forward to.

[the tariff Commission of the State Council publishes the extension list of the first exclusion of tariff commodities levied on the United States and Canada] with the approval of the State Council, the tariff Commission of the State Council publishes the extension list of the first exclusion of tariff commodities levied on the United States and Canada for the first time. As for the 16 items listed in the notice of the tariff Commission of the State Council on the first exclusion list of the first batch of tariffs levied on the United States (tax Commission Bulletin (2019) No. 6), The exclusion period will be extended by one year from September 17, 2020 to September 16, 2021, with no additional tariffs imposed by me for the anti-US 301 measures. "View details

The World Trade Organization has ruled that tariffs imposed by the Trump administration on Chinese goods worth more than $200 billion are illegal, according to the Associated Press.

[Bureau of Statistics: to continue to give relevant policy help to promote the stable development of small businesses] the PMI of small enterprises in August was only 47.7%, which is below the rise and fall line, said Fu Linghui, a spokesman for the National Bureau of Statistics. Although small enterprises have resumed development in recent months, there is a situation that the PMI of small enterprises is lower than the rise and fall line. At the same time, with the recovery of the economy, the leading role of large enterprises is increasing. From the first month of August, the production of large-scale industries and small and medium-sized enterprises is also accelerating. To promote the development of small enterprises in the later stage, on the one hand, we should further increase the intensity of financial support and dredge the financing support for the development of small and micro enterprises; on the other hand, we should continue to give relevant policy help to promote the stable development of small enterprises.

Terminal information

[Shanghai fuel cell vehicle innovation and development action plan will be released in the near future] Zhang Jianming, deputy director of Shanghai Economic and Information Commission, revealed at the Fifth International hydrogen Energy and fuel Cell vehicle Conference held on the 15th that the Shanghai fuel cell vehicle innovation and development action plan will be released in the near future. It is planned that by 2023, the development of the fuel cell vehicle industry in Shanghai will achieve the general goal of "hundreds of billions of vehicles in 100 stations", that is, nearly 100 hydrogenation stations will be planned, 30 will be completed and put into operation, with an output value of nearly 100 billion yuan, and the promotion of hydrogen fuel cell vehicles will exceed 10, 000.

[new energy storage devices developed in the United States may recharge electric vehicles in a matter of minutes.] researchers at Texas Agricultural M University have developed a new energy storage device. Based on plants, the device is flexible, lightweight, cost-effective and can even recharge electric vehicles in a few minutes in the near future.

[Ministry of Industry and Information Technology: promoting 5G commercial deployment and speeding up the intelligent upgrading of traditional infrastructure] Wang Zhijun, Vice Minister of Industry and Information Technology, said at the 2020 online Expo that it is necessary to steadily promote the commercial deployment of 5G networks. we will strengthen the construction of new infrastructure such as artificial intelligence, the Internet of things and the industrial Internet; at the same time, we will speed up the intelligent upgrading of traditional infrastructure and promote efficient connection and transformation between new and old infrastructure.

[the growth rate of national real estate development investment rebounded for the eighth consecutive month in August] from January to August, national real estate development investment totaled 8.8454 trillion yuan, an increase of 4.6 percent over the same period last year, and 1.2 percentage points higher than that of January-July. Of this total, residential investment was 6.5454 trillion yuan, an increase of 5.3 percent, or an increase of 1.2 percentage points. "View details

[Shangneng Electric helps Vietnam 100MW photovoltaic project to run] recently, Vietnam Longan Province 100MW ground photovoltaic power station successfully realized grid-connected commercial operation, the project is invested by BCG Energy Company, all using Shangneng Electric 1500V photovoltaic inverter boost integrated solution, from design, construction to grid-connected acceptance, to provide customers with a full range of delivery services.

Related market

[21% of oil production facilities in the Gulf of Mexico have been closed] as of Monday, more than 21% of oil production facilities in the Gulf of Mexico had been closed in response to Hurricane Sally. 21.4% of oil production and 25.3% of natural gas production in the Gulf of Mexico have been shut down, and 147 platforms have been evacuated, accounting for 22.9% of the region, according to the U.S. Safety and Environmental Enforcement Agency.

[IEA:OPEC oil production increased by 830000 b / d in Saudi Arabia and UAE in August] the International Energy Agency ((IEA)) said in its monthly report that the Organization of Petroleum Exporting countries ((OPEC)) increased monthly oil production by 830000 b / d, led by Saudi Arabia and the United Arab Emirates. OPEC produced 24.51 million barrels per day in August. Saudi supply increased by 500000 b / d to 8.94 million b / d, still below the August OPEC+ quota, while UAE production increased by 240000 b / d to 3.11 million b / d, 520000 b / d higher than the target. Overall, compliance with the August quota for OPEC countries was 95 per cent.

[Europe plans to achieve 80 per cent of low-carbon electricity by 2030] Eurelectric, the European power industry association, says that by 2030, whether or not the European economy faces a long-term economic crisis, up to 80 per cent of EU electricity will be fossil fuel-free.

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