[SMM Metal Breakfast] there are ups and downs of zinc and copper in the outer disk. Zinc and copper fell by nearly 1%. The operating rate of copper rods in October is higher than expected * slightly improved supply and demand of lithium carbonate in China.

"[overnight market] Metals rise and fall with each other. Zinc copper is down nearly 1%. Gold futures closed lower and oil prices closed slightly higher.

"[macro outlook] focus on the number of initial jobless claims in the United States and the annual CPI rate in the United States and Germany

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

"Click to see more metal futures.

November 11th LME Metal inventory and cancellation Warehouse receipt data

The dollar index rose 0.28% to 93.00, up 0.5% earlier on concerns that another sharp increase in global novel coronavirus cases could hit economic growth. The euro and sterling continued their losses as investors continued to unwind long positions amid concerns about the epidemic and Brexit.

In crude oil, oil prices rose on Wednesday, with Brent crude futures hitting a more than two-month high above $45 a barrel on hopes that novel coronavirus vaccine might boost demand, but then fell back as concerns about increased cases outweighed the good news.

In precious metals, COMEX gold futures closed lower on Wednesday on the strength of the dollar, while optimism about the potential novel coronavirus vaccine to enhance hopes of a rapid economic rebound prompted investors to turn to riskier assets.

Today's focus

[SMM analysis: the operating rate of copper rod rose slightly higher than expected in October] the operating rate of refined copper rod enterprises in October was 71.29%, an increase of 0.37% from the previous month, and a decrease of 0.41% from the same period last year. Among them, the operating rate of large enterprises is 71.34%, that of medium-sized enterprises is 79.71%, and that of small enterprises is 39%. The operating rate of copper rod enterprises was higher than expected in October, rebounding slightly from the previous month. "View details

[SMM analysis: copper pipe operating rate steadily rebounds in October the peak season is approaching] according to SMM survey data, the copper pipe operating rate in October was 76.35%, up 1.16% from the previous month, and 2.72% higher than the same period last year. The start-up situation of copper pipe enterprises improved in October, mainly affected by the increase in orders in the refrigeration industry in October. "View details

[SMM analysis: the seasonal decline of enamelled wire industry operating rate in October will rebound in November, but it is still not as good as September] according to SMM survey data, the enamelled wire operating rate in October was 77.95%, down 1.65% from the previous month, and 0.62% higher than the expected 77.33%. Among them, the operating rate of large enterprises fell by 1.99% from 78.50% month-on-month, medium-sized enterprises fell by 0.84% to 77.95%, and small enterprises fell by 4.14% to 61.55%. "View details

[the impact of imported waste aluminum is expected to be relatively weak in the rise of waste aluminum] Today (11) aluminum prices rose 170 yuan / ton. Affected by the expected impact of imported waste aluminum, waste aluminum is relatively weak. Specifically, cooked aluminum can rise slightly according to the discount rate, but due to the fear of heights downstream, the discount rate has generally decreased by 0.5 percentage points. Raw aluminum, due to the loss of upward momentum in ADC12 prices, only some waste aluminum recyclers choose shipping quotations to rise by 100 yuan / ton. From a regional point of view, the coastal area is more sensitive to the import of waste aluminum, and the price increase is relatively weak, while it is easier to be inland. "View details

[SMM analysis: does the short-term lead price increase between recycled lead and primary lead accumulate energy] LME lead stocks continued to decline, reaching 113350 tons as of November 11, down 19500 tons from the same period last month. In addition, the results of the US presidential election have been settled, and in terms of economic policy and epidemic prevention and control, the market generally believes that the new president may be favorable for good actions, and the expectation of a recovery in consumption will rise, which will give a certain boost to the lead. Overall, SMM believes that domestic lead prices in the context of accumulation, it is difficult to have a more sustained upward momentum, Shanghai lead in mid-late November is expected to run the main contract or 14200-14850 yuan / ton. "View details

[SMM investigation: tracking the reduction and shutdown of primary / recycled lead smelters from October to November] from October to November, overhaul and resumption of production coexisted in primary lead smelters, while recycled lead smelters were mainly affected by factors such as difficult collection of waste batteries, loss and environmental protection. "View details

[big news: domestic zinc smelters will refer to CSPT to set up TC negotiation team! According to media reports, a senior executive of China Minmetals on Tuesday called for the establishment of a joint organization of Chinese zinc smelters to negotiate with miners on concentrate supply and pricing with reference to the existing joint negotiation team of Chinese copper raw materials. "We want to build a healthier market," he said. The idea is for Chinese smelters to agree on TC benchmark prices for zinc concentrates in the future. We need the support of more smelters now. " At present, the SMM is still being confirmed, please follow the follow-up report. "View details

[daily Review of Nickel Pig Iron Trading: 1140 to the factory deal Nickel Iron Factory made another concession] the transaction price of high nickel pig iron in a stainless steel factory in East China yesterday was 1140 yuan / nickel point (including tax), and the cold and hot rolling plate price of stainless steel was sharply reduced today. the price of ferronickel may be a new round of pressure. 1140 of the raw material economy at the factory is still poor for stainless steel mills, and it is expected that steel mills will continue to purchase at reduced prices in the future. Some iron mills may continue to make concessions for shipments, but the room for concession is limited, and it is difficult for Ferro nickel to break 1100 yuan / nickel point (including factory tax). "View details

[SMM data: national nickel sulfate production increased month-on-month in October compared with the same period last year and is expected to decrease slightly in November.] National nickel sulfate production in October was 17000 tons of metal, an increase of 22.62% month-on-month and 45.43% year-on-year. Among them, the output of battery grade nickel sulfate is 69200 physical tons, and that of electroplating grade nickel sulfate is 8200 physical tons. "View details

[SMM Express Review: 300 series stainless steel continues to decline 200 series stainless steel prices] at present, 300 series stainless steel raw material end nickel pig iron and scrap stainless steel prices are falling, 304 cost drop, superimposed market buy up not buy down mood, the transaction is weak, the shipment situation is not good, it is expected that the follow-up stainless steel will still face shipping pressure, showing a weak situation of profit shipment. "View details

[SMM Analysis: slightly improved supply and demand structure of Lithium Carbonate in China the transaction price rises slowly] Today (11 go 11) the spot price of battery-grade lithium carbonate in China is 4.1-44000 yuan / ton, which is 1.2% higher than that of the previous day; the spot price of industrial-grade lithium carbonate in China is 3.65-39500 yuan / ton, which is 1.3% higher than that of the previous day. The lithium carbonate market has been de-stocked for the first time since May 2019, and the supply and demand structure is expected to improve gradually with the continuous development of the lithium electricity industry. "View details

[SMM Analysis: October China's tight balance of Cobalt tetroxide was slightly raised this week] the quotation of Cobalt oxide was slightly revised on Thursday, with a few suppliers raising their quotations by 1000-2000 yuan / ton to 21. 6-217000 yuan / ton. Transactions are sporadic. Orders are less discussed. Orders have basically been signed in November, and orders in December will be signed one after another after November 20. Demand weakens the impact, the price of cobalt tetroxide in late November may see a slight correction. "View details

[SMM Silver spot Trading Daily: silver prices continue to fluctuate] the spot price of silver in the Shanghai stock market continued to fluctuate and fell today. The rising price of supply in spot trading corresponds to the expansion of the rising water of the Shanghai Gold Exchange deferred contract, and the spot transaction price of part of the national standard corresponds to the 2-3 yuan / kg increase of the Shanghai Gold Exchange deferred contract. The spot transaction prices of some large factories correspond to the price increase of 5-7 yuan / kg for the Tender deferred contract of the Shanghai Gold Exchange. "View details

[SMM thread: conventional maintenance is centrally opened, thread production decreased by 3.41% in November] according to SMM research, blast furnace steel mills mainly producing building materials produced 8.0091 million tons of threads in November, down 3.41% from September; and reel production of 3.0105 million tons, down 3.04% from the previous month. Since the epidemic situation after 2000, most steel mills have been in full production for a long time. Recently, near the end of the year, the increase in the number of overhaul and reduced production of steel mills is the main reason for the decline of thread production in steel mills in this period. "View details

[SMM thread: Guangzhou building materials inventory stable demand for better] Guangzhou inventory this week to maintain a steady rate of elimination. Although the year-on-year increase in inventory is still high, since the absolute volume of 2.475 million tons at the peak has been digested all the way up to now, the market's tolerance for high inventory has gradually increased. At a time when terminal demand is released well and East China attracts the main firepower of Northwood moving south, inventory is difficult to pose a threat to the market. Spot prices are likely to continue to operate steadily and strongly. "View details

[SMM Hot Volume Shanghai inventory: inventory continues to decline, the risk of northward moving to the south cannot be underestimated] this week, the spot price difference between East China and North China is basically maintained at about 90 yuan / ton, and the southward movement of the resources of the general rolls in the north is not yet fully qualified. Therefore, the arrival of goods in East China is still dominated by long-term cooperation, and the overall amount is on the low side. Superimposed by the overhaul and production reduction of some steel mills in eastern China, the spot price in the market around Shanghai is generally on the high side, and some of the resources arriving in Shanghai are diverted to the surrounding market, resulting in less actual inventory. Therefore, in the case of stable terminal digestion of inventory, the market inventory continues to decline. "View details

[SMM hot rolls from inventory: inventory deceleration accelerates the shift to hot metal or will ease supply pressure] this week, Lecong hot roll inventory continued its decline. According to SMM, it is mainly due to the recent hot terminal demand. Affected by the backlash of the epidemic abroad, some manufacturing export orders have shifted to domestic production, superimposed on the fact that Guangdong is a major province of manufacturing export production, and the downstream terminals have received relatively full export orders, thus leading to a pick-up in demand for plates and stimulating the continuous reduction of storage. "View details

[SMM: lithium battery concept stocks strong electric carbon prices may still rise slightly] Lithium carbonate market has been destined for the first time since May 2019, with a monthly destocking of about 2100 tons, and the supply and demand structure is expected to improve gradually with the continued development of the lithium power industry. In November, the production lines of some manufacturers are still in a state of technical transformation, and production is expected to decline slightly from the previous month, and shipments will continue to be tight. Superimposed mainstream large factories, as the main raw materials of cathode materials, have higher bargaining power to the lower reaches, and the price of electric carbon may still be raised slightly. "View details

[SMM magnesium ingot spot KuaiBao] Today, the mainstream price of 999 magnesium ingot factory in Fugu area is 12550-12650 yuan / ton, and the mainstream ex-factory price of 95B magnesium ingot is 12900-13100 yuan / ton. Wenxi area mainstream transaction price 12850-13050 yuan / ton; 95B magnesium ingot mainstream transaction price 13300-13450 yuan / ton.

[short-term manganese factory positive price mentality increases manganese price adjustment less support] according to SMM, the spot quotations of some large and medium-sized manganese factories this week are more willing than those in the south, and the basic negotiation range including tax leaves is 10200-10300 yuan / ton. however, at present, there is not much demand in the terminal market at home and abroad, and there is a weak trend in the final transaction. In addition, some foreign trade businessmen have indicated that there is a small amount of overseas purchasing demand in the near future. However, the inquiry order negotiations are as low as US $1480 / ton, and exporters have no intention to accept the order. at present, the wait-and-see mentality of the market has increased. SMM believes that short-term manganese prices lack of rising support and are running firmly.

[SMM high-carbon ferrochromium] November 11, today's domestic high-carbon ferrochromium retail market quotation has no obvious change compared with yesterday, the domestic ferrochromium factory is currently mainly to deliver steel plant orders, the retail market transaction is a wait-and-see attitude. It is difficult to improve the turnover of ferrochrome retail market in the short term, and it is mainly weak to maintain stability. If there is no obvious change in upstream chromium ore prices, the possibility of sharp reduction of ferrochrome is relatively small. At present, the new round of overseas chromium ore prices have not yet been updated, and domestic ore prices are stable. Today, the mainstream quotation of 40-42% chromium concentrate in South Africa is 26.5-27.5 yuan / tonnage.

[Henan issued an emergency notice, heavy pollution weather warning may be launched in many places] SMM learned that moderate to severe pollution processes may occur in some areas of Henan in the next few days, and the Provincial pollution Prevention and Control Office issued an emergency notice suggesting that 10 provincial municipalities, including Zhengzhou, Kaifeng, Luoyang, Pingdingshan, Anyang, Hebi, Xinxiang, Jiaozuo, Puyang, and Xuchang, should launch a red warning of heavy pollution weather and level I response at 22:00 on November 10th. The demonstration areas of Luohe, Sanmenxia, Shangqiu, Zhoukou, Zhumadian, Nanyang, Xinyang and Jiyuan launched the orange warning of heavily polluted weather and level II response at 22:00 on November 10. It is reported that this is the first red warning this autumn and winter.

Important news of metals and industry

[Jiayuan Technology: gradually increase the shipment of 6 μ m extremely thin lithium electricity copper foil products to enhance the supply of 4.5 μ m copper foil products] recently, Jiayuan Technology said in the investor research report that starting from the second half of this year, on the one hand, the company gradually increased the shipment volume of 6 μ m extremely thin lithium electricity copper foil products, on the other hand, it gradually increased the supply of 4.5 μ m copper foil, so that the company's product structure was improved and the company's overall profitability was enhanced. "View details

[international copper futures are listed on Thursday] the Shanghai International Energy Trading Center announced that international copper futures will be listed and traded from 08:55 to 09:00 on Thursday, November 19, 2020, and the market will open at 09:00 on that day. The margin of the transaction is 8% of the contract value; the range of the limit is ±6%, and the range of the limit on the first day is twice that of it.

[Xiangyu Co., Ltd. reached strategic cooperation with Shenhuo Group] on the afternoon of November 10, Xiamen Xiangyu Co., Ltd. (referred to as "Xiangyu Co., Ltd.") and Henan Shenhuo Group Co., Ltd. (referred to as "Shenhuo Group") reached a strategic cooperation in Shanghai. Deng Qidong, member of the party committee of Xiangyu Group, secretary of the party committee and general manager of Xiangyu shares, and Li Wei, party committee secretary and chairman of Shenhuo Group, jointly signed the strategic cooperation framework agreement as representatives of both sides. The two sides will take Shenhuo Group's 900000-ton green hydropower and aluminum integration project in Yunnan as a starting point, relying on Xiangyu's supply chain integrated circulation and service platform, carry out business cooperation around the aluminum industry chain and the construction of an integrated logistics park (including the construction and operation of special railway lines), so as to make the supply chain, financial and logistics services of Xiangyu go deep into the southwest electrolytic aluminum industry cluster and promote the further integrated development of light and heavy assets.

[the first aluminum alloy mold base factory in Changzhi City] A few days ago, the mold base factory of Shanxi Jiantou Sanjian Group, located in Changzhi High-tech Zone, was officially put into production. the commissioning of the mold base factory will further promote the in-depth development of building industrialization and assembly in the city and the whole province, promote the transformation and upgrading of the green building industry, and boost the transformation and development of the city. "View details

[Huludao Zinc Co., Ltd., Hongyue North Copper was selected as a national green factory] on October 29, the Ministry of Industry and Information Technology released the fifth batch of green manufacturing list. Huludao Zinc Industry Co., Ltd. and Huludao Hongyue Northern Copper Co., Ltd. were on the list. In this selection, a total of 22 enterprises in Liaoning Province were selected as green factories, zinc industry shares and Hongyue Northern Copper were among the fifth batch of green manufacturing list and won the title of national "green factory". For the company to complete the established work in the year of the 13th five-year Plan, more "14th five-year Plan" and the company's future high-quality development has laid a more solid foundation. "View details

[Glencore: nickel production in the first three quarters fell 9 per cent year-on-year guidance is still 114000 tons] Nickel production in the first three quarters of fiscal year 2020 was 81800 tons, a decrease of 7600 tons (9 per cent) compared with the same period last year, which mainly reflects that Koniambo was running on a single line for most of the second / third quarter, and liquidity restrictions related to Covid affected maintenance time. "View details

[Sumitomo Metals: electrolytic Nickel production reached 28560 tons in the third quarter compared with the same period last year] recently, Sumitomo Metals released its third-quarter results, despite the rise in gold prices, but due to factors such as falling prices of other non-ferrous metals, the sector's profits fell year-on-year. The production and sales of electrolytic copper increased compared with the same period last year, but the production and sales of nickel decreased compared with the same period last year. Coral Bay Nickel's production is basically the same as the same period last year, and the spread of new coronavirus infection has little impact. , Taganito HPAL Nickel has partially extended its scheduled shutdown due to the spread of infectious diseases, but after the shutdown ended, it went on production almost as planned, exceeding the same period last year. "View details

[Rio Tinto signed a joint venture agreement to hold a 75 per cent stake in the Finnish Enonkoski nickel project] on Tuesday, Rio Tinto signed a phased purchase and holding joint venture agreement with mining company Bluejay Mining) to boost Finland's Enonkoski nickel project, through which Rio can acquire a 75 per cent interest in the Enonkoski nickel project. "View details

[Galaxy Resources signed a multi-year off-take agreement with new customer Shengxin Lithium Energy] recently, Galaxy Resources signed a three-year agreement with Sichuan Shengtun Lithium Industry Co., Ltd., a wholly owned subsidiary of Shenzhen Shengxin Lithium Energy Group Co., Ltd. (referred to as "Shengxin Lithium Energy"). Sheng Xin LiNeng has agreed to buy at least 60,000 tons of spodumene concentrate from Catlin Mountain each year. The deal will begin in January 2021 and continue through 2022 and 2023, when up to 180000 tons will be purchased and purchased from the Catlin Hill mine. "View details

[lithium miner Albemarle's third-quarter net income was $98 million, down 36.6% from a year earlier.] Lithium miner Albemarle recently released its third-quarter report. During the reporting period, Albemarle net income was $98 million, down 36.6% from a year earlier, and net sales were $747 million, down 15%, in line with expectations for the third quarter of 2020. The company expects net sales of $3.15 billion to $3.5 billion in 2020. Net sales of lithium fell by $64.7 million to $265.6 million, mainly due to lower contract and market prices. "View details

[FMG signs MOU with Chinese steel mills worth US $3-4 billion] it is reported that Australian iron ore miner FMG has signed MOUs worth US $3-4 billion with Chinese steel mills, purchasing partners and financial institutions. The company announced this week that it had signed a memorandum of understanding with its long-term partner and major shareholder Hunan Valin Iron and Steel Group on iron ore supply and procurement opportunities, as well as strategic cooperation with the Bank of China. At the same time, the company has also signed memorandums of understanding with nine other Chinese steel mills and purchasing partners. "View details

European Tata Steel and South Korean steelmaker Posco have reached an agreement to jointly develop steel pipes for high-speed super-loop transportation systems, the two companies said in a joint statement a few days ago. The two companies said they would develop high-quality special steel pipes and use them as vacuum tubes to achieve high-speed transportation with minimal energy consumption. The company has been conducting research related to high circuits, such as the feasibility, design and structural organization of various types of steel pipes, for more than 10 years, the head of Posco said in a statement. "View details

[RBA: Australia's iron ore exports are expected to remain strong next year] Australia's iron ore exports are expected to remain strong next year, the RBA said in a recent report. due to strong import demand from China and continued supply disruptions in Brazil. Demand for Australian coal exports is expected to weaken next year, the report said. Australian iron ore exports rose to a record high in the June quarter as producers maximised output while prices were high. "View details

[employee novel coronavirus tested positive for gold miner AngloGold Ashanti suspended operations in Argentina] after employee novel coronavirus tested positive, gold miner AngloGold Ashanti has voluntarily suspended its Cerro Vanguardia mine in Argentina for 10 days and will resume operations on November 20. It is reported that this incident may reduce gold production by 8000 ounces. The company has a gold production target of 303-3.1 million ounces this year. No confirmed case of novel coronavirus has been reported in other mines of the company. "View details

According to MiningIntelligence statistics, Russia has the largest number of heap leaching mines in the world, reaching 45, followed by the United States (41), Chile (35), Mexico (28), China (16), Peru (14) and other countries. "View details

[polysilicon prices continue a slight downward trend] polysilicon market prices have maintained a slight downward trend this week, including re-investment materials, single crystal densifier, single crystal cauliflower, and polycrystal no-wash materials have all declined by different extents, of which the decline of single crystal materials is less than 3%, and that of polycrystal materials is relatively small by about 1%. The turnover of polysilicon is relatively light this week, mainly because most enterprises are still carrying out orders at the beginning of the month, and when the market price is in a downward trend, the locking of unit price and quantity is often more cautious, so there are few large orders recently. In addition, this week the polysilicon market still continues the status quo of the upstream and downstream game, even if the new individual silicon enterprises overhaul, the silicon link is still relatively weak, so this week polysilicon prices continue to decline slightly.

Macro focus

On Wednesday, the Shanghai Composite Index fell 0.53% to 3342.20 points, with a turnover of 355.802 billion. The Shenzhen Composite Index closed at 13720.17 points, down 1.95%, with a turnover of 513.813 billion. The gem index closed at 2681.52 points, down 3.31%, with a turnover of 224.908 billion. The total turnover of the two cities is 869.615 billion. On the disk, titanium dioxide, liquor, coal and other plates led the rise, while semiconductors, vaccines, automobiles and other plates led the decline.

On Wednesday, the Hang Seng index fell 0.28% to 26226.98. The index of state-owned enterprises fell 0.43% to 10541.34. According to an announcement issued by the HKEx, revenue and other income rose 12 per cent in the first three quarters from a year earlier, while profit attributable to shareholders reached a nine-month high of HK $8.58 billion, up 16 per cent from a year earlier. IPO ranks third in terms of the amount of capital raised in the world, and ranks fourth in the number of new share listings in the world. The average daily turnover of the Shanghai-Shenzhen Stock Connect and the Hong Kong Stock Connect reached 90 billion yuan and 23.2 billion Hong Kong dollars respectively.

Weng Jieming, deputy director of the State-owned assets Supervision and Administration Commission: promote the strategic restructuring and professional integration of central enterprises, and promote the concentration of state-owned capital in areas related to the lifeline of the national economy and national security, national economy and people's livelihood, scientific and technological innovation, and strategic emerging industries. At present, the total assets of enterprises mainly engaged in petroleum and petrochemical, electric power, communications, military industry, machinery, construction and other industries account for more than 90% of zhong central enterprises. We will promote the optimization of the layout and structural adjustment of state-owned capital, promote the integration and coordinated development of state-owned enterprises and enterprises of all forms of ownership, and speed up the construction of world-class enterprises.

Central bank: at the end of October, the balance of broad money (M2) was 214.97 trillion yuan, up 10.5% from the same period last year; the stock of social financing was 281.28 trillion yuan, up 13.7% from the same period last year; and the balance of RMB loans was 168.92 trillion yuan, up 13.3% from the same period last year.

Zhu Guangyao, former vice minister of the Ministry of Finance: since the outbreak, the international community has used 15 trillion US dollars of financial funds to deal with the decline in economic growth caused by the epidemic, to solve the rapid increase in unemployment, and to maintain social stability. The current 17 trillion US dollars of bonds in the world are targeted at negative interest rates, which is a new type of special challenge that the international financial market has never experienced before, and requires stability to overcome uncertainty.

The Ministry of Finance: issue opinions on further doing a good job in the issuance of local government bonds, optimize the term structure of local bonds, and reasonably control the cost of financing. The maturity of local debt is 1 year, 2 years, 3 years, 5 years, 7 years, 10 years, 15 years, 20 years, 30 years. In the light of the actual situation, localities are allowed to repay principal in different ways, such as repaying principal when due, repaying principal in advance and repaying principal year by year. Local financial departments should strengthen the management of the whole process of special bond projects and monitor the "borrowing, use, management and repayment" of special bond projects on a case-by-case basis to ensure debt repayment at maturity and strictly guard against the risk of repayment.

[confirmed by students of Shanghai No. 1 College? Minhang: the school took the initiative to test that both tests were negative] Shanghai Vocational and Technical College of Electronic Information found a student from a medium-risk area through active search. In order to ensure the health of teachers and students, medical health examination was carried out on the student. On November 11th, novel coronavirus nucleic acid tests were carried out twice in designated hospitals and urban CDC, and the results were all negative.

According to statistics from Johns Hopkins University in the United States, as of 16:30 Eastern time on the 11th, the cumulative number of confirmed cases of COVID-19 in the United States exceeded 10.35 million, reaching 10353604. COVID-19 died more than 240000, reaching 240688. In the past 24 hours, there have been 148397 new confirmed cases and 1414 new deaths in the United States.

According to the New York Times on the 11th, election officials from 45 states representing both Democrats and Republicans told the media that there was no evidence that fraud or other irregularities played a role in the results of the US presidential election. Election officials from four other states did not respond directly to the New York Times, but said in a public statement that no major election problems had been found. Only Texas officials said in a statement that "except for some minor problems, the election process was closely matched."

Soderbart, deputy prime minister of Mongolia and chairman of the National Emergency Committee, announced on the evening of the 11th that the country will enter a national state of alert from 6: 00 on the 12th to 6: 00 on the 17th. As of the 11th, there were a total of 384 confirmed cases of novel coronavirus in Mongolia, with no death and 317 cured.

[15000 minks in the United States died of novel coronavirus] Agricultural officials in several states in the United States have confirmed that more than 15000 minks in Utah, Wisconsin and Michigan have died after being infected with novel coronavirus since August this year. The government is investigating and implementing quarantine and quarantine on more than a dozen mink farms. There are about 360000 breed minks in the United States, and 2.7 million mink skins were produced last year. Wisconsin is the state with the largest mink industry in the United States, followed by Utah.

Terminal information

[China Automobile Association: China's power battery load increased by 44% in October compared with the same period last year, while lithium iron phosphate battery load increased by 127.5% over the same period last year] according to the China Association of Automobile Manufacturers, in October, China's power battery load was 5.9GWH, up 44.0% from the same period last year, down 10.8% from the previous year, and continued to maintain the growth trend compared with the same period last year. Among them, the total loading of ternary batteries was 3.4 GWH, up 15.7% from the same period last year, down 19.1% from the previous month; and lithium iron phosphate batteries totaled 2.4 GWH, up 127.5% from the same period last year and 3.5% from the previous year.

[Guoxuan Hi-Tech continuous bidding project! In preparation for the production capacity to reach 100GWh after 5 years] November 6, Guoxuan Tech, which has been owned by Volkswagen and become the largest shareholder, issued two announcements on its official website, namely, "Guoxuan Tech (Tangshan Phase III) square battery production line construction project Pack line equipment procurement tender announcement" and "Guoxuan Tech (Hefei Lujiang) 30,000t high-nickel ternary positive material infrastructure project geological prospecting / design / supervision tender announcement". The company plans to increase its production capacity to 28GWH by 2020, 80GWH by 2023 and 100GWh by 2025.

[cars] in StrategyAnalytics:2020, the number of global shared car fleets increased by 31.7% over the same period last year, and the number of members increased by 38%. However, affected by the novel coronavirus epidemic, revenue fell by 14%. It is expected that by the end of 2025, fleet size and revenue will grow at a compound annual rate of 8.8% and 8.3%, respectively, and fleet revenue will exceed $5.6 billion, and more and more will be dominated by electric vehicles.

[automobile] China Automobile Association: from January to October, automobile production and sales completed 19.519 million and 19.699 million respectively, a decrease of 4.6% and 4.7% respectively over the same period last year. In October, automobile production and sales completed 2.552 million and 2.573 million respectively, an increase of 11 percent and 12.5 percent respectively over the same period last year. Among them, the production and marketing of new energy vehicles completed 167000 and 160000 respectively, an increase of 69.7% and 104.5% respectively over the same period last year.

[OPEC + negotiations are focusing on delaying crude oil production by 3-6 months] at present, OPEC + negotiations are focusing on delaying oil production plans that are scheduled to begin next year by three to six months. Saudi Arabia and Russia have previously said publicly that they are considering whether to postpone the increase scheduled for January as the rebound in the epidemic has hit fuel demand. Russian and OPEC leaders have even proposed options to further increase production cuts.