[SMM Metal Breakfast] the overall supply of scrap copper remains tight * the total output of stainless steel hit a new high in October * Zhongtian fluorine and silicon accident or shutdown inspection in the industry.

"[overnight market] the gold futures market pays close attention to the monetary stimulus measures. Most of the outer disk metals float red and lead is up nearly 2%.

"[macro outlook] follow the release of the monthly crude oil market report by OPEC and the speeches made by members of the European Central Bank

[important] SMM China's basic metal production data released in October 2020

The dollar index fell 0.09% to 92.74 as market participants refused to push the dollar higher because of uncertainty about how or when the vaccine would be launched. Treasury yields held on to Monday's gains, and the spread between two-year and 10-year Treasury yields widened slightly in volatile trading.

In terms of crude oil, US oil closed up nearly 3 per cent on Tuesday as hopes of a novel coronavirus vaccine outweighed fears of a drop in fuel demand as a result of the new blockade.

In precious metals, COMEX gold futures rose on Tuesday after a sharp fall in the previous session, as safe-haven gold was supported by concerns about the global economic recovery and expectations of further fiscal and monetary stimulus.

"Click to see more metal futures.

November 10th LME Metal inventory and cancellation Warehouse receipt data

Today's focus

[scrap Copper Daily Review on November 10th: the supply of scrap copper purchased by manufacturers on demand is generally tight] Today, the tax-free price of bright copper in Guangdong was 47300-47600 yuan / ton, down 100 percent from the previous trading day, and the price difference of fine waste was 1348 yuan / ton, an increase of 63 yuan. Today, copper prices have fallen from high levels, and the holders have made profits and are willing to ship goods. After the decline in copper prices has further widened, the sentiment of sparing sales has risen. However, some small cable enterprises do not have a high desire to purchase scrap copper rods. According to the scrap copper rod factory, the demand for orders is poor, so scrap copper is purchased on demand, and the overall supply remains tight. "View details

[SMM analysis: anhydrous aluminum fluoride industry concentrated load reduction aluminum fluoride price center up] since March 2020, the domestic anhydrous aluminum fluoride market has been operating weakly. After the end of October, the market has shown an upward trend, the new round of aluminum plant bidding prices are still under pressure, and aluminum fluoride enterprises have concentrated load reduction. According to SMM statistics, about 465000 tons of anhydrous aluminum fluoride production capacity has entered the maintenance link. The operating rate of the industry has dropped to about 62.8%, and the tightening of supply in the market is conducive to the upward price of aluminum fluoride. So far, SMM quotes 7800-8200 yuan, recording an average market price of 8150 yuan / ton, up 450 yuan / ton from October. "View details

[SMM analysis: the export volume of unwrought aluminum and aluminum products fell slightly in October compared with the same period last year] the General Administration of Customs announced on the 7th that China's exports of unwrought aluminum and aluminum products in October 2020 were 418900 tons, down 1.78 percent from the previous month and 2.81 percent from the same period last year. China's cumulative exports of unwrought aluminum and aluminum products from January to October 2020 were 3.9801 million tons, down nearly 17.15% from 4.804 million tons from January to October 2019. "View details

[aluminum price stable waste aluminum price also stable recyclers feedback downstream demand is OK] today (11) aluminum price rose 20 yuan / ton, waste aluminum price remained stable. Because after entering November, many parties are relatively conservative about imported waste aluminum, the market panic about the impact of imported waste aluminum has weakened, and because the orders of recycled aluminum enterprises are generally better, and because the specifications and standards of imported recycled aluminum ingots are more unified, recently, market attention has gradually shifted to the tariff of recycled aluminum ingots, there are small batch test orders of some enterprises, but most of the results are unknown because the goods have not yet arrived in Hong Kong. "View details

[SMM Quick Review: macro events lead to frequent fluctuations in the market. Shanghai Nickel continues to fluctuate. What do you think of the future? Spurred by the news of novel coronavirus's remarkable progress in vaccine, the three major stock indexes reached record highs last night, US and European stocks soared, and safe-haven metal gold and silver fell sharply. However, it will take a long time for the news to be fed back to the fundamentals of the major metals, and the stimulation of the information side may gradually cool down, and the possibility of slightly driving up the metal still exists, but we should not blindly catch up with it. Recently, macro events have occurred frequently, commodities have been affected by ups and downs, pay attention to the position pressure of Shanghai Nickel 119000. "View details

[SMM data: total stainless steel production reached a new high in October but decreased in October] according to SMM research, China's total stainless steel production in October totaled about 2.8675 million tons, an increase of 95500 tons over September, an increase of about 3.45 percent month-on-month and 19.38 percent higher than the same period last year. From January to October 2020, the country's cumulative output of stainless steel was about 24.0307 million tons, an increase of 1.90 percent over the same period last year, which exceeded the cumulative level of the same period last year. "View details

[SMM Quick Review: successful trial production of Zhongjin stainless steel in Liugang pays close attention to the high-quality stainless steel market in the product industry] according to SMM, at present, the spot resource price of private 200 series cold rolling in South China is mainly around 7450-7550 yuan / ton, which is significantly increased by 100% by private steel mills as a whole, coupled with the transaction preference of some hot-rolled individual models in the market, supporting steel prices to strengthen slightly in the short term. Some terminal product manufacturers said that the export of domestic and foreign products was blocked under the influence of the early epidemic, but there was a slight increase in domestic online sales and overseas holiday orders in the second half of the year, which may lead to the consumption of different varieties of 200 series in the later period. "View details

[SMM data: large factories in the north have resumed operation of metal silicon industry in October.] in previous years, there was no obvious difference between abundant and dry supply because Xinjiang silicon plants will increase their load during the dry season in the south. As the capacity release in Xinjiang is limited due to less silica this year, the supply of metal silicon across the country will plummet after the dry season in December. According to SMM, there are only about four small stoves planned to be added in November in Xinjiang, which has a limited supply. Since most of the production cuts occur in late November, which has a limited impact on that month's production, the operating rate of silicon enterprises is expected to remain around 50% in November. "View details

[SMM magnesium ingot spot KuaiBao: 95B supply tight magnesium price firm operation] Today (11 up 10) Fugu 99.9 magnesium ingot factory mainstream price 12550-12650 yuan / ton, 95B magnesium ingot mainstream factory price 12900-13100 yuan / ton. Wenxi area mainstream transaction price 12850-13050 yuan / ton; 95B magnesium ingot mainstream transaction price 13300-13450 yuan / ton. "View details

[manganese price trend still needs to wait and see market supply and demand pay attention to the development of Manganese City Distribution Forum] after the second meeting of the domestic Electrolytic Manganese Union held in Beijing last weekend, the spot market quotation for electrolytic manganese this week is higher than last week. According to SMM, some manufacturers do not want to negotiate less than 10000 yuan / ton, while some supply factories report around 10200 yuan / ton, but the current terminal demand is weak and the total supply is significantly higher. Manganese prices rise in the lack of strong support, so to judge the trend of manganese prices still need to wait and see market supply and demand, in addition, there are many operators concerned about the development of the manganese city distribution forum. "View details

[Zhongtian fluorosilicon accident or shutdown inspection supports silicone DMC to continue to rise] Zhongtian Oriental Fluorosilicon material Co., Ltd. (hereinafter referred to as "Zhongtian Fluorosilicon") exploded at the factory in Quzhou City. According to preliminary verification, the fire covered an area of more than 9000 square meters. Chen Jinbiao, member of the standing Committee of the Quzhou Municipal CPC Committee and executive vice mayor, said that according to the current preliminary research and analysis of Zhongtian HD camera surveillance video transferred by the city's emergency fire rescue detachment, the fire was ignited by Zhongtian No. 3 high boiling material, which in turn triggered a flowing fire and led to the spread of the fire. The exact cause of the fire has yet to be further verified and confirmed by professional departments. "View details

[SMM exclusive: growth and decline, electric furnace operating rate steadily decreased] from a month-on-month point of view, this week is 1.06% lower than last week. Although the price has risen rapidly recently, scrap has failed to keep up with the increase in time, and the profits of most electric furnace factories have rebounded to the level of 100-200 yuan / ton. Some electric furnace factories that failed to start at full capacity in the previous period returned to full production. For example, the operating rate of electric furnaces in eastern China rebounded by 5 percentage points to 88%, and the southwest region also rebounded by 2 percentage points to 93%. However, due to environmental protection problems, individual enterprises in central China were forced to shut down and rectify the situation, which was a drag on the overall start-up situation. "View details

Overall, the surging iron ore rally in the short term is mainly affected by the macro positive, but the fundamentals do not have the reason to continue to rise. At present, iron ore is facing the situation of high supply, high demand and high inventory, the supply side continues to pick up in the fourth quarter, inventory continues to increase is expected to be strong, in the later stage, we still need to focus on the consumption of finished materials. "View details

[SMM Cobalt Sulfate spot KuaiBao] the current mainstream market price is 5.35-56000 yuan / ton, the average price is 300 yuan / ton higher than the day before. The quotation of cobalt sulfate rose, and the quotations of some suppliers were raised to 57000 yuan / ton. A few orders signed, SMM cobalt salt factory customer feedback recently 55000 yuan / ton signed 3-4 cars, 55500 yuan / ton signed 2 cars. Downstream acceptance increases slightly, the game gradually enters the white-hot, combined with the cost and the balance of supply and demand of cobalt sulfate, the price of cobalt sulfate may still have room to rise slightly. The latest SMM data show that cobalt sulfate went to the warehouse of nearly 1400 tons of metal tons in October and is expected to continue in November. It is expected that orders will be signed one after another, and the average price in November may rise slightly from the previous month, but combined with the current downstream feedback on December demand and procurement plan, there may be a pullback in December prices.

[SMM manganese ore] Today, there was a general push-up sentiment in the imported manganese ore market. The mainstream manganese ore prices rose slightly by 0.5 yuan per tonnage. In addition to last week's news boost, yesterday's sharp rise in silicon-manganese futures prices also boosted the market. The northern Si-mn alloy factory also raised Synchronize by 50-100 yuan / ton, but after today's rise, mineral prices have not yet been a large number of transactions, and alloy factories continue to maintain a relatively wait-and-see mentality. In the short term, we do not rule out the risk that the high price is not smooth and the mineral price will fall again.

According to SMM statistics, the total output of electrolytic manganese in China in October was 124000 tons, an increase of 5.98 percent over September and a decrease of 9.16 percent over the same period last year. From January to October 2020, the cumulative total output of electrolytic manganese in China was 1.0583 million tons, a decrease of 18.82 percent over the same period last year. The overall market at home and abroad was seriously affected by the epidemic in the first half of the year, and domestic demand and production gradually recovered in the second half of the year. In the case of limited monthly procurement at the terminal, there is excess supply, and there is limited room for manganese prices to rise in the short term. Although the spot price is around 10100-10200 yuan / ton, many manufacturers maintain cash flow and consider low price negotiations. SMM believes that manganese prices continue to operate on the weak side.

Important news of metals and industry

[Ivanhoe Mining: Camoa-Kakoula copper project continues to advance rapidly] Ivanhoe Mining announced on Monday that the Kakoula copper project in the Democratic Republic of the Congo has been completed by more than 58% and is expected to produce the first batch of copper concentrates in July 2021. The concentrator is expected to have an initial capacity of 3.8 million tons per year. The Kakoula copper project, jointly owned by Zijin Mining (39.6 per cent), Ivanhoe Mining (39.6 per cent), the DRC government (20 per cent) and Crystal River Global Limited (0.8 per cent, has an average copper grade of more than 6 per cent in its first five years of operation and is expected to be the largest copper mine in the world. "View details

[JX Nippon acquires partner's stake in Caserones] JX Nippon Mining&Metals, Japan's largest smelter, is buying a stake in Caserones Copper, in which it has a majority stake in Chile, which is sold by its partners Mitsui&Co and Mitsui Mining and Smelting.

[Argentina makes final anti-dumping ruling on China-related aluminum tubes] on November 6, the Argentine Ministry of production and Development issued a final anti-dumping ruling on aluminum tubes originating in China and Brazil, levying an anti-dumping duty of 75.52% on Chinese products and 16.46% on Brazilian products. The announcement shall take effect from the date of promulgation and shall be valid for 5 years. The products involved are the outer tube diameter less than or equal to 130mm, the 3xxx series and 6xxx series unmolded non-alloy or alloy aluminum tubes (including coiled aluminum tubes) stipulated in Article 681 of the Argentine IRAM national standard, but does not include the 3xxx series precision drawn aluminum tubes, which are precision drawn tubes (Precision Drawn Tubing) after annealing heat treatment in DIN EN 5733standard. This case involves products under Mercosur customs codes 7608.10.00 and 7608.20.90.

[Baotou Aluminum remelting refined aluminum ingot passed the national "carbon footprint" certification] recently, through the strict verification and certification of China quality Certification Center, the carbon footprint of Baotou aluminum remelting refined aluminum ingot is 10.91 kg carbon dioxide equivalent per kilogram. The system boundary is "cradle to gate", which meets the national green product emission requirements. As a result, Baotou Aluminum was awarded the "Product carbon footprint Certificate", and the certification is valid for two years.

[Furong Science and Technology plans to expand the production capacity of aluminum structures] A few days ago, Sichuan Furong Science and Technology Co., Ltd. announced that the company intends to lease and transform the existing melting and casting production line and two extrusion production lines of Fujian Nanping Aluminum Co., Ltd., including land and factory buildings corresponding to the production line, for the production of aluminum structure materials for consumer electronics products. Furong Science and Technology said that due to the vigorous development of home work and distance education for students during the epidemic, it has promoted the terminal consumption of tablet computers and notebook computers, thus boosting the demand for aluminum structural materials for tablet computers and notebook computers. The capacity utilization rate of the company's melting and casting production line from January to June 2020 is 105.98%. The capacity utilization rate of the large tonnage extrusion production line for tablet and notebook computer materials is 97.86%.

[the monthly output and sales volume of the alloying department of Guizhou Aluminum Plant exceeded 20, 000 tons for the first time] in 2020, all the staff of the alloying department carried forward the fighting spirit of "five seeing and five unique" of Guizhou Aluminum, and made joint efforts to achieve an output of 20102 tons in October and a sales volume of 20106 tons. Monthly production and sales both exceeded 20, 000 tons, creating new achievements.

[Oriental Hope signed an investment agreement with Guyang County on 260000 tons of aluminum alloy round ingots] on November 6th, Oriental Hope Group and the people's Government of Guyang County signed an investment agreement on "200000 tons of civil and 60, 000 tons of industrial aluminum alloy round ingots".

[SPIC Aluminum Power Shanxi Aluminum Industry made profits again in October] in October, the people of Shanxi Aluminum Industry worked hard, cut through difficulties, and achieved fruitful results, with a profit of 740000 yuan in the whole month and a cost reduction of 421 yuan / ton compared with the beginning of the year, reaching the average level of alumina enterprises in Shanxi and Henan. In October, the mine self-financing rate reached more than 50%. The production process of low temperature line of imported mine is becoming more and more mature, various technical indexes are continuously optimized, and the production cost of low temperature line decreases month by month. In October, the cost of low temperature line of imported mine decreased by 368 yuan / ton compared with that at the beginning of the year.

[Botswana's mining revenue is expected to shrink in 2020.] the president of Botswana said his mining industry is expected to contract by nearly 1/4 this year, and then start to rebound to growth in 2021 as the diamond market picks up and production of new copper mines begins to rebound.

[Ivanhoe Mining: Kakula development is now more than half completed] Ivanhoe Mining announced on Monday that the overall development of the Kakula copper mine in the Democratic Republic of the Congo has been completed by 58%, and the concentrator with an annual capacity of 3.8 million tons per year will start production as scheduled in July 2021. The construction of Kamoa-Kakula 's first phase 3.8Mtpa concentrator is progressing rapidly, with about 28% completed by the end of October. The mechanical installation of the concentrator is expected to be completed in the second quarter of 2021.

[Daming Tianjin processing Center supporting Beijing Mercedes-Benz exhaust system] recently, Daming Tianjin processing Center successfully matched the exhaust system shell of the well-known automobile brand Beijing Mercedes-Benz. At present, the monthly purchase demand of single specification is more than 100 tons, all of which are made of stainless steel 441 for automobile. Daming Tianjin Machining Center with advanced imported small flat machine and Korea Daxuan longitudinal shear equipment, perfectly meet the needs of customers, plate and precision are well received by customers.

[lithium] * ST Salt Lake said on the interactive platform that at present, the company's lithium carbonate production plant is running continuously and steadily, and its output, quality and sales have improved to a certain extent compared with the same period last year. Due to the recent gradual recovery of the market, Lanke Lithium Industry Company has timely raised the sales price of lithium carbonate according to the actual market situation. at present, Lanke Lithium Industry Company has maintained a stable and high production and high production trend.

[Sherritt: nickel production fell 9 per cent in the third quarter compared with the same period last year and sales fell 14 per cent year on year] the total production of finished nickel in the third quarter of 2020 was 3750 tons, down 9 per cent from 4139 tons in the third quarter of 2019. Cobalt production in the third quarter of 2020 was 409 tons, down 6 percent from 436 tons in the third quarter of 2019. "View details

[stainless steel] Deng Weijian, chairman of Foshan Chengde New Materials Co., Ltd., revealed that Chengde will build a new 180000-ton stainless steel plate and intelligent storage project to create a high-quality stainless steel deep processing industrial park led by Chengde cold rolling. This is an important layout for Chengde to broaden and extend its development from upstream to downstream, and it is also another major move after investing in the commercial skirt building of Lanshi stainless steel headquarters building in Foshan.

[Eurasian Economic Union makes final Anti-dumping judgement on Chinese stainless Steel welded Pipe] on November 6, 2020, the Internal Market Protection Department of the Eurasian Economic Commission issued notice No. 2020 / 240/AD30 in the official Gazette, making an anti-dumping final ruling on imported stainless steel welded pipe originating in China, and proposing to impose anti-dumping duties on Chinese enterprises involved in the case for a period of 5 years. "View details

[the cold rolling output of Guangxi Iron and Steel Group reached a record high of 81700 tons in October] in October, the monthly comprehensive output of Guangxi Iron and Steel Cold Rolling Plant reached a record high of 81710.14 tons. The output of the sintering machine of 500m2 in No. 2 sintering plant reached 417518 tons, with an average daily output of 13468 tons, a record high. At present, three coke ovens and two dry quenching furnaces have been put into use in the coking plant, and all the chemical production systems have been put into use. The first pressurized AS desulfurization process in the country has been used for ammonia decomposition and sulfur recovery, and the annual sulfur production target of 13500 tons will be achieved after it is put into operation.

[Russia's largest steelmaker: global steel demand is expected to grow 4 per cent next year] recently, Ilya Guschin, vice president of sales of NLMK, Russia's largest steelmaker, said in an interview that global steel demand is expected to fall 2 per cent this year and grow by 4 per cent next year. Russian steel demand is expected to fall 7 per cent this year and rebound by 5 per cent in 2021. "View details

[Valin Iron and Steel: a subsidiary Valin Lianyuan Steel has a blast furnace that is expected to affect hot metal output by about 150000 tons in December.] Valin Steel said on the interactive platform that according to production and management arrangements, the company's subsidiary Valin Lianyuan Steel has a blast furnace to be overhauled in December, which is expected to affect hot metal production of about 150000 tons.

[West Vault Mining launches Hasbrouck Gold Project in Nevada] Canadian mining company West Vault Mining has said it has overcome the last hurdle and can start the construction of the Hasbrouck gold project in Nevada. It is reported that the company has received a decision record from the local land administration, which can show that the construction of the Hasbrouck mine complies with the requirements of the National Environmental Policy Act and environmental assessment procedures. "View details

[rare earths] Southern rare earths announced the latest listing prices of medium and heavy rare earth oxides. The quotations of most products were the same as those of the previous period, while those of individual products increased somewhat. Among them, the price of terbium oxide increased by 110000 yuan / ton to 5.06 million yuan / ton, and that of holmium oxide increased by 13000 yuan / ton to 435000 yuan / ton compared with the previous period.

[rare earths] on October 30, Northern rare earths held a business analysis meeting of molecular companies in the first three quarters. Li Jinling, general manager of northern rare earths and deputy secretary of the party committee, pointed out in her speech that in the first three quarters, under the relatively serious impact of the epidemic, northern rare earths overcame the influence of logistics, procurement, market, and other aspects, and exceeded the production and operation targets.

[Shandong coke enterprises collectively raise factory prices] since 00:00 on November 11, metallurgical coke factory prices of coke production enterprises in Weifang, Binzhou, Dezhou, Jining, Zaozhuang, Heze, Rizhao, Taian and other places in Shandong Province have all increased by 50 yuan / ton on the basis of the original price.

[capesize and Panamanian rates fell, Baltic dry index fell] the Baltic dry index fell 7 points, or 0.6%, to 1200 on Tuesday. The capesize index fell 8 points, or 0.4%, to 1782, and average daily profit fell $67 to $14781. The Panamanian shipping index fell 11:00, or 0.9%, to 1170, the ninth consecutive day of decline, with average daily profit down $95 to $10530. The index of super-convenient ships fell 5 points to 888 points.

Macro focus

On November 10, the Shanghai Composite Index closed down 13.58 points, or 0.4%, to close at 3360.15 points, with a turnover of 390.008 billion yuan; the Shenzhen Composite Index closed down 147.81 points, or 1.05%, to close at 13993.34 points, with a turnover of 591.196 billion yuan; and the gem index closed down 40.78 points, or 1.45%, to close at 2773.22 points, with a turnover of 273.935 billion yuan. Shanghai and Shenzhen 300 closed down 27.47 points, or 0.55%, to close at 4953.88 points, with a turnover of 334.271 billion yuan. There was a net outflow of 4.11 billion yuan on the day when the capital went northward.

The onshore RMB closed at 16:30 against the US dollar, down 0.4762% at 6.6041, while the RMB midpoint was at 6.5897, up 0.3418%. NDF:3 monthly report 6.6676, 6 months 6.7072, 1 year 7.1433, 2 years 6.9518.

The main contract for 5-year treasury bond futures, TF2012, rose 0.09% to 99.665%, to 99.665%, and T2012, the main contract for 10-year treasury bond futures, rose 0.06% to 97.925. The interest rate on the 10-year Treasury note fell 1.22bp to 3.22%, while the interest rate on the 10-year bond fell 1.00bp to 3.69%.

Bureau of Statistics: in October, CPI fell 0.3% from the previous month, up 0.5% from the same period last year, and the increase was 1.2% lower than that of the previous month. Pork prices fell for the first time after rising for 19 months, falling 2.8%. In October, PPI rose slightly from the previous month to flat, while PPI fell 2.1% from a year earlier, the same rate as the previous month.

CSRC: hold a mobilization and deployment meeting to implement the "opinions of the State Council on further improving the quality of listed companies". Do a good job of "entry" and introduce the source of running water for the market. Deeply understand the original intention and mission of the registration system reform, and improve the quality of listed companies from the source. We will smooth the "export customs" and do a good job in the implementation of the reform of the delisting system. We will resolutely crack down on all kinds of malicious evasion and delisting, and seriously deal with acts of countering supervision by inciting entanglement and complaining. We will broaden diversified exit channels, focus on promoting the reorganization of one batch, reorganizing one batch, and taking the initiative to return another batch, so as to promote the orderly clearing of risks of listed companies in stock.

General Administration of Market Supervision: issue the Anti-monopoly Guide on the platform economy (draft for soliciting opinions). The operators in the field of platform economy who have the dominant position in the market may abuse their dominant position in the market and refuse to trade with the counterpart of the transaction without good reason, so as to exclude and restrict market competition. To analyze whether it constitutes a refusal transaction, we can consider the following factors: stop, delay, interrupt the existing transaction with the transaction counterparty, and refuse to carry out a new transaction with the transaction counterparty. set restrictions and obstacles in platform rules, algorithms, technology, traffic distribution and so on.

Although the global COVID-19 epidemic continues to spread, the enthusiasm of all parties for cooperation continues unabated. The cumulative turnover of the third Expo was 72.62 billion US dollars, an increase of 2.1 per cent over the previous one.

Overnight shibor was 2.3330%, up 14.00bp. In 7 days, shibor was at 2.2690%, down 0.30 basis points. Three-month shibor was 3.0020%, up 0.10 basis points.

U.S. president-elect Joe Biden said the Trump administration's lack of cooperation "will not change what we can do at all." Frankly, we don't see anything that will slow us down, "adding that" there is only one president. "

According to reports, the Biden team has released a list of 13 members of their epidemic working group, and the Biden team has also listed a seven-point anti-epidemic plan on the newly established government transition website. Biden is also preparing to issue a series of executive orders reversing many of Trump's foreign policy actions and seeking to quickly restore the United States to the position it was at the end of President Barack Obama's term four years ago.

[more than 130000 new confirmed cases in the United States accumulated more than 10.53 million cases in a single day] according to Worldometer real-time statistics, as of around 06:30 on November 11, there were a total of 10534508 confirmed cases of COVID-19 in the United States and a total of 245557 deaths. Compared with 06:30 the previous day, there were 139440 new confirmed cases and 1266 new deaths in the United States.

Special Envoy World Health Organization (WHO) novel coronavirus: only one novel coronavirus vaccine is not enough. Pfizer's vaccine report is good news. Novel coronavirus vaccine will not be widely available until 2021. It is also reported that Pfizer plans to submit emergency use licenses to the FDA in the third week of November and expects to produce 50 million doses of vaccine by 2020 and as many as 1.3 billion doses by 2021.

[three major indexes of US stocks closed mixed] US stocks closed, with the three major indexes rising and falling, with the Dow up 0.9%, the S & P 500 down 0.14% and the Nasdaq down 1.37%. Technology stocks were generally lower, with Nvidia and AMD down more than 6%, Microsoft and Amazon down more than 3%, Tesla and Facebook down more than 2%. China general e-commerce shares fell sharply, Alibaba fell more than 8%, JD.com fell more than 5%, pinduoduo fell more than 2%. New energy vehicles are down more than 5%, ideal cars are down more than 4%, and Xiaopeng cars are down more than 3%.

[consensus reached between the European Parliament and EU member States on a new long-term budget] on the 10th local time, the European Parliament and the 27 member states of the European Union reached a consensus on a new long-term budget for the European Union from 2021 to 2027. The European Parliament said that on the basis of the consensus reached in July this year, EU member states agreed to allocate an additional 16 billion ou yuan, of which 15 billion ou yuan will be used to strengthen the protection of citizens in the outbreak and provide opportunities for the next generation, and another 1 billion ou yuan will be used to strengthen institutional response to future crises. The additional funds will come from fines imposed on companies that violate EU rules.

Terminal information

[pilot Intelligence: recently won the bid Ningde era 3.2 billion yuan lithium battery production equipment project] pilot Intelligent announcement, the company and its wholly-owned subsidiary Titan New Power from September 21 to the date of disclosure of the announcement, one after another received the bid-winning notice of the fixed point letter sent by the main customer Ningde Times and its holding subsidiaries, totaling about 3.228 billion yuan (excluding tax) for lithium battery production equipment. It accounts for about 68.92% of the company's total audited revenue in 2019. Winning the bid is conducive to the business expansion of the company and its subsidiaries in the field of new energy batteries, and improve the company's revenue scale and profitability.

[Enjie shares: plans to build wet lithium battery isolation membrane project in Hungary in 183 million] Enjie joint stock announcement, in order to speed up the overseas market development of the company's wet lithium battery separator business, the company, with its wholly-owned subsidiary SEMCORP Hungary Kft as the main body, invested in the construction of wet lithium battery isolation membrane production line and supporting plant in Debrecen, Hungary (Debrecen). The total investment of the project is expected to be about 183 million yuan. The funds are solved through the company's own funds and self-raised funds.

[October excavator sales increased by 60.5% over the same period last year] according to statistics from the China Construction Machinery Industry Association, in October 2020, the 25 excavator manufacturing enterprises included in the statistics sold a total of 27331 excavators of various types, an increase of 60.5% over the same period last year; of which 23892 were domestic, an increase of 60.7% over the same period last year; and exports were 3439, an increase of 59.4% over the same period last year.

[Trina Solar once again enters Maldives to undertake microgrid expansion project] on November 10th, Trina Solar announced that it would enter the Maldives again, building a trinity microgrid project for light and firewood storage in 13 islands in its north, including 3.5MW photovoltaic, 1.525MWh energy storage and diesel power generation equipment. Trina Solar completed a microgrid construction project in 14 islands of the Maldives in 2019. The microgrid project for the 13 islands is expected to be completed in July 2021, when 27 islands in the Maldives will use Trina Solar off-grid photovoltaic microgrid system.

[mobile phone] in the third quarter of the US market research company SA:, Samsung Electronics's share of the US smartphone market was 33.7%, up more than 6% from the previous quarter, overtaking Apple to win the championship (for the first time since the second quarter of 2017). In addition, Samsung Electronics also regained the top spot in the global market share by beating Huawei's 14.1% with a 21.9% share of the global smartphone market. Millet and apple followed.