[SMM Metal Breakfast] Shanghai Aluminum fell more than US $2% to hit a new low * Aluminum prices fell back and processing fees rose slightly * Policy support led to the use of tin in photovoltaic

[note] December 3-4, the grand SMM metal industry annual meeting will kick off at the Kempinski Hotel in Jinji Lake, Suzhou! Welcome to participate in supply and demand negotiations, market exchanges, onlookers to share wisdom, for the 2021 business plan, investment strategy planning! See you at the meeting!

"[live broadcast] the grand opening of the 2020 annual meeting of the non-ferrous metals industry! Feel the pulse of the global economy and metal market trends in 2021, industry bigwigs share new technologies and crafts.

"[overnight market] Shanghai Aluminum fell more than 2%, non-ferrous metals rose and fell each other, the dollar hit a new low and precious metals rose again.

"[macro outlook] focus on US non-farm data in November and trade account in October

There were mixed ups and downs in the outer metal market yesterday, with Lun Copper down 0.19%, Lun Zinc up 0.38%, Lun Al down 1.95%, Runnick down 0.13%, Lunxi up 0.67%, Len lead down 1.21%. (LME) copper on the London Metal Exchange barely maintained its upward trend on Thursday, hovering at a nearly seven-and-a-half-year high, supported by optimism in China's economic data and vaccine progress, but analysts said the rally could end temporarily. Domestically, international copper is up 0.02%, Shanghai copper is up 0.05%, Shanghai Aluminum is down 2.4%, Shanghai lead is down 0.2%, Shanghai nickel is down 0.64%, Shanghai zinc is down 0.33%, and Shanghai tin is up 0.25%.

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On Thursday, the Shanghai Composite Index fell 0.21% to 3442.14 points, with a turnover of 352.422 billion. The Shenzhen Composite Index closed at 13970.68 points, up 0.07%, with a turnover of 473.941 billion. The gem index closed at 2712.52 points, up 1.1%, with a turnover of 185.37 billion. The total turnover of the two cities is 826.363 billion. On the disk, agriculture, vaccines, medical devices and other plates led the increase, non-ferrous, coal, silicone and other plates led the decline.

In terms of US stocks, US stocks closed mixed on Thursday, with the Nasdaq setting an intraday and closing record high. Novel coronavirus vaccine will be put into use soon. House Speaker Pelosi and Senate Majority Leader Mitch McConnell resume fiscal stimulus talks. The number of initial claims for unemployment benefits in the United States fell to 712000 last week. The Dow rose 85.73 points, or 0.29%, to 29969.52; the Nasdaq rose 27.82 points, or 0.23%, to 12377.18; and the Standard & Poor's 500 Index fell 2.29 points, or 0.06%, to 3666.72.

LME inventory

Today's focus

[December 3 scrap Copper Daily Review: approval validity period is slightly ahead of time. Many enterprises have finished using approval documents] Today (12) Shanghai Electrolytic Copper spot quoted 120-150 yuan / ton of water for that month's contract, with an average price of 135 yuan / ton, down 10 yuan / ton from yesterday. The transaction price of Pingshui copper is 57200-57280 yuan / ton, and that of Shengshui copper is 57210-57300 yuan / ton. Today, the morning copper market in Shanghai opened low and went high. In the morning, the market was blocked in a narrow range around 57150 yuan / ton during the concentrated trading period, and there was still support in the morning session as low as 57000 yuan / ton. "View details

[2020/12/3-SMM Yangshan Copper Premium KuaiBao] on December 3rd, the warehouse receipt quoted US $54-68 / ton, the average price unchanged from the previous day; the bill of lading quoted US $49-65 / ton, the average price increased by US $1 / ton compared with the previous day, QP January. The discount of LME0-3 is US $6.75 / ton, and the import loss is around 200 yuan / ton. Today, the overall activity of the foreign trade market is limited. The import price is slightly weaker than yesterday, but the tight situation of supply has not changed. Traders are more willing to push up the price, and the high receipt of goods from some customers has led to a slight increase in rising water. it was inquired in the morning that the second license bill of lading for arrival in Hong Kong in mid-late December was traded at US $65 / ton. The warehouse unilaterally extended the high offer, and the copper price was quoted at more than US $70 / ton. At the end of the week, during the industry meeting, the spot market participation decreased and the transaction was light.

[national aluminum rod inventory weekly review: slightly increased, aluminum rod inventory increased by 3700 tons to 72700 tons compared with last Thursday] this week slightly increased by 100 tons, aluminum rod inventory increased by 3700 tons to 72700 tons compared with last Thursday. Inventories in Foshan, Wuxi and Nanchang began to rise, with Wuxi having the largest increase of 3400 tons, while Changzhou and Huzhou inventories all dropped slightly by 1000 tons. "View details

[aluminum bar spot daily review: aluminum prices fell processing fees rose slightly market trading light] Today (12) the aluminum bar market processing fees rose slightly, the overall turnover is relatively light, the northern market processing fees have not changed much. Aluminum prices fell today, falling by 230 yuan / ton, mainly due to poor spot transactions yesterday. Today, the decline in aluminum prices has led to a serious wait-and-see mood in the downstream market, the mood of receiving goods is not high, only the South China market is OK, and the response in other regions is mediocre. "View details

[aluminum price order high callback recycled aluminum enterprises quote stable wait-and-see] Today (12) aluminum price callback fell 230 yuan / ton to 16850 yuan / ton. The long-awaited pullback has increased the willingness of waste aluminum recyclers to ship. In terms of domestic prices, the mainstream quotations of large domestic factories have stabilized, and the mainstream quotations have been maintained at 17000 to 17500 yuan per ton, and most enterprises continue to wait and see and stop taking orders. The quotation of Chongqing big factory is maintained at 6800-17000 yuan / ton. In terms of small and medium-sized factories, the price of a factory in Jiangxi was stable, and the quotation of small recycled aluminum enterprises and traders fell by 100,200 yuan / ton to 165000016800 yuan / ton. In terms of import and export, the quotation for China's exports to Japan has been maintained at 2200,2240 yuan / ton. "View details

[aluminum price callback fell 230yuan / ton some waste aluminum recyclers began to reduce the price of shipments] Today, the spot aluminum price fell 230yuan / ton to 16850 yuan / ton, ending 6 consecutive days of rise, but throughout the month, there are only three days of price decline, aluminum price has continued to rise for a month, monthly aluminum price rose nearly 2000 yuan / ton. The shipping enthusiasm of waste aluminum recyclers is significantly higher than yesterday, some recyclers in coastal areas reduced prices by 100,200 yuan / ton shipments, but there are still more recyclers to maintain a wait-and-see attitude, stop trading and wait for aluminum prices to completely stabilize. The liquidity of waste aluminum has increased, but it has not yet fully returned to normal, and aluminum prices need to further stabilize to activate the market. "View details

[SMM data: the inventory of electrolytic aluminum society increased by 4000 tons per week] on December 3rd, SMM statistics showed that the social inventory of electrolytic aluminum in China was 600000 tons, with a weekly increase of 4000 tons. "View details

[nickel pig iron trading daily review: affected by the economic transfer of nickel raw materials, the focus of nickel iron negotiations shows signs of tilting towards the seller] the market is stable, the transaction situation is poor, and the psychological price difference between buyers and sellers is still large, but due to the weakening economy of water nickel and scrap, the center of gravity shows signs of dumping to the seller, and the possibility of a slight increase in the price of nickel and iron by the holder is increased, under the premise that other nickel raw materials do not restrict the price of nickel and iron. Ferro Nickel is likely to rise slightly. "View details

[SMM analysis: policy support for photovoltaic tin in photovoltaic industry] thanks to the photovoltaic financial subsidy policy, photovoltaic cell production continued to grow significantly in 2020, with the National Bureau of Statistics showing that solar cell (photovoltaic cell) production increased by 25.1% from January to October 2020 compared with the same period last year. At the same time, photovoltaic cell assembly technology is also making continuous progress, in which the stacked tile packaging technology is occupying the mainstream position of photovoltaic module packaging technology, and the amount of tin needed in this process is increasing day by day. "View details

[SMM analysis: the supply of goods in the Shanghai-tin market decreases, the price is firm and the transaction is weak] the mainstream of Yunxi in the market increases the water to 2101 yuan / ton, the ordinary cloud word is flat to 500 yuan / ton, the circulation of small brands is less, and a small amount is traded at a discount of 300-500 yuan / ton. The supply of goods in the Shanghai-tin spot market is on the low side, and many supply quotations are based on a fixed pricing model, with few downstream entry into the market and a weak trading atmosphere.

[SMM analysis: China's stainless steel production capacity will increase by another 22 million tons after 2021 and the total amount will reach 57.67 million tons] according to SMM data, the new capacity project in 2020 will be the first phase project of Linyi Iron and Steel Investment Group, with an annual production capacity of 700000 tons, and the main departments plan to produce 300 series stainless steel. But at the same time, 2.22 million tons of capacity has been withdrawn from the replacement of new capacity, so China's cumulative stainless steel production capacity will be about 36.37 million tons in 2020, a year-on-year growth rate of about 5.45 percent. "View details

[Foshan stainless steel daily review: stainless steel market lack of price guidance at the beginning of the month terminal demand wait-and-see] Today (12 go 3) the market 300 series cold and hot rolling spot resources to maintain stable and low prices, although stainless steel futures rose slightly than yesterday, but the actual terminal demand at the beginning of the month is mainly cautious wait-and-see state, the current lack of steel enterprise guidance prices, steel resource prices are mainly stable operation. Foshan area steel quotation, the state-owned 304Universe 2B trimming curling price than yesterday's average market price remained stable at 14400-14800 yuan / ton, private 304tobacco 2B rough edge roll than yesterday's average price at 13200-13600 yuan / ton, 304 / NO. 1 five-foot quotation than yesterday's average price held steady at 12900-13100 yuan / ton, to 10:30 SHFE SS2102 contract selling price 13275 yuan / ton, Foshan stainless steel spot water 95-495 / ton. "View details

[SMM Electrolytic Manganese Daily Review: domestic manganese prices remain strong during the steel recruitment period] on December 3, the spot factory price including tax in the mainstream area of the manganese triangle is around 10600-10700 yuan / ton, which is stable compared to yesterday's average market price; the spot factory price including tax in Guangxi is around 10700-10800 / ton, which is temporarily stable than yesterday's average price. The spot quotation of electrolytic manganese in the mainstream area of manganese triangle is concentrated at 10650 yuan / ton, although there are 10800 yuan / ton market price quoted, in addition to some eager for rigid demand procurement, but it seems that the terminal willingness to receive goods is not strong. In addition, many steel mills have invited tenders for quantitative pricing in December with a month-on-month increase of 300,650 yuan / ton, so many operators are optimistic about short-term manganese prices, and most of them continue the standing price operation in the market. "View details

[spot KuaiBao of SMM magnesium ingots] Today, the mainstream quotation of 999 magnesium ingots in Fugu area is 13700-13800 yuan / ton, and that of 95B magnesium ingots is 14050-14250 yuan / ton. Wenxi area mainstream quotation 14000-14200 yuan / ton; 95B magnesium ingot mainstream quotation 14450-14600 yuan / ton.

[SMM analysis: the supply and demand balance price of cobalt raw materials in China is only 6000 metal tons from January to October.] considering cobalt steamed bread as raw materials, the accumulated inventory of cobalt raw materials from January to October is about 6000 metal tons, which is less than one month's domestic consumption. Domestic cobalt raw materials supply and demand are in tight balance, and the spot quotation of cobalt intermediate products is strong. According to the import of cobalt raw materials in the second half of the year, although there are stocks of cobalt raw materials in the Democratic Republic of the Congo (DRC) mining area, the port of Durban in South Africa and cobalt in transit, the impact of the epidemic on logistics continues and the time mismatch persists. Raw material suppliers and smelters are unable to determine the arrival time of raw materials. "View details

[thread inventory report of the first week of December] as of December 3, the national total inventory of building materials was 6.4067 million tons, with a month-on-month ratio of-1.4%, + 35.0% compared with the same period last year. In the case of the continuous expansion of the area affected by seasonal interference, thread inventory has reached the edge of accumulation, the fundamental support is also gradually weakening, and the decline in spot prices is indeed a foregone conclusion. However, the cost this year is extremely high, the price of iron ore is 49.4 US dollars / ton higher than that of last year, and the price of coke has also increased by nearly 400 yuan / ton compared with the same period last year, and the fundamentals of the raw material end are still strong, which has a certain supporting effect on rebar to a certain extent. the willingness of steel mills to raise prices is also stronger. Coupled with the threaded north wood southward has not yet seen a concentrated volume, East China specifications are still tight. Therefore, in the short term, the decline in the spot price of rebar is also limited. "View details

SMM hot volume inventory: the speed of hot volume reduction is amazing! How long will the empty bill in your hand last? The total inventory of hot-rolled coil this week is 3.1152 million tons, compared with last week-207000 tons, month-on-month-6.23%, year-on-year + 24.06%. Under the influence of hot metal steering and rolling line maintenance in new steel mills, the supply of hot coil has declined, and the superimposed terminal steel needs to be released well, prompting the total hot rolling inventory to continue to decline this week, and the decline has expanded significantly. "View details

[SMM survey: 50, 000 tons! Shaanxi Yulin magnesium Industry (Group) Co., Ltd. this time "reserve for sale" goal determined! In order to cope with the rise in raw material prices, solve the liquidity difficulties of enterprises, and establish a pricing mechanism with a certain degree of credibility, Fugu County magnesium Industry Association and Fugu County Lan carbon Industry Association held a joint meeting. the main responsible persons of magnesium metal enterprises and orchid carbon enterprises in the county are invited to discuss how to actively participate in the "storage for sale" of Shaanxi Yulin magnesium Industry (Group) Co., Ltd. "View details

Important news of metals and industry

[on the first batch of public list of qualification of foreign suppliers and domestic consignees of recycled copper and aluminum raw materials] according to the Administrative measures for the qualification of Foreign suppliers and domestic consignees of recycled Copper and Aluminum Raw Materials (trial version), the qualification Office of the recycled Metal Branch organized experts to carry out material evaluation and on-site verification of the declaring enterprises. according to the results of the evaluation, the first batch of foreign suppliers and domestic consignees are now listed. "View details

[Zhongke Tongdu Company does a good job in winter production guarantee work] recently, as the temperature continues to drop, Zhongke Tongdu Company promptly switched production security "channels" to start with the year of management and promotion. Early planning, early deployment, early implementation, scientific research and judgment, and taking more measures at the same time, make every effort to do a good job in winter production guarantee work to ensure safe and stable production and meet market demand. "View details

[Sandfire to establish a new copper production center foil in Botswana] ASX listed company Sandfire Resources has decided to continue the development of the US $259 million T3 Motheo copper and silver project in Botswana after completing a positive feasibility study on a basic case for 3.2 million t / an operation. (DFS), has rapidly expanded to an annual production capacity of 5.2 million tonnes.

[Dingsheng New material: at present, PCB electronic aluminum strip and automotive lightweight aluminum strip belong to the company in researching high value-added new products] Dingsheng New material said in response to investors' questions on the interactive platform that the current PCB electronic aluminum strip and automotive lightweight aluminum strip belong to the company's high value-added new products, with the subsequent increase in the proportion of the company's products, it will be conducive to optimize the company's product structure, enhance the company's market competitiveness and anti-risk ability. "View details

[Chifeng 6.5 million ton alumina project is about to start work on 1 million tons of alumina production in Wuchuan] it is reported that Chifeng Qihui Aluminum Development Co., Ltd. annual production capacity of 6.5 million tons of alumina project is scheduled to start at the end of the first quarter of 2021. The first production line was originally expected to be put into production in the first quarter of 2022, and the second production line was originally scheduled to start production in the second half of 2022.

[the docking project between the new and old concentrators of Fankou lead-Zinc Mine of China Gold Lingnan Company has been officially launched] the "docking project" is planned to last 37 days from December 1, 2020 to January 6, 2021. The contents of the project include six projects, including the transformation of the main engine of the ropeway, the pre-abandonment of the original mine, the rectification of the 5000-ton new grinding and floating plant, the transformation of the old workshop, the automation system, the utilization of the purification and backwater system in front of the plant, and the maintenance and technical renovation of equipment and facilities stopped during the docking period. it is the most complex technical renovation project in Fankou lead-Zinc Mine over the years, the construction safety is difficult, the time is the longest, and the task is the heaviest.

[iron and Steel] according to the latest data released by the World Iron and Steel Association ((WSA)), Iranian steel mills produced a total of 23.8 million tons of crude steel in the first 10 months of this year, an increase of 12.61 percent over the same period last year. Iran is still the tenth largest steel producer in the world. Iran has seen the fastest growth in steel production among the world's top 10 producers, mainly due to increased domestic demand and rising export profits in recent months.

Here comes the domestic cobalt-free battery! These companies have cut into the supply chain in the countdown to mass production. On December 2, Honeycomb Energy held its first Battery Day in China. Yang Hongxin, president of Honeycomb Energy, officially announced that cobalt-free batteries will be ordered globally from now on and will be put into mass production in June 2021. Data show that the cobalt-free battery of Honeycomb Energy is NMx lithium nickel manganate battery, which was officially launched on May 18 this year. According to officials, the battery covers two major platforms, and a total of four products are currently planned, covering all-series models with a range of 300-800km, which can be used in a full-scene application from the A00Mel D-class model. "View details

The output of caustic soda of Liuhua Chlor-Alkali Company reached a new high in November, turning losses into profits! Liuhua Chlor-Alkali Company achieved excellent operating results in November 2020. as of November 28, the company achieved an output of 17673 tons, a month-on-month increase of 13.36%, a record monthly output; its output value increased by 37.62% month-on-month; sales revenue increased by 46% month-on-month; profit increased by 175% month-on-month. The company turned losses into profits in November.

[titanium dioxide ushered in a new round of price increases] titanium dioxide ushered in a new round of price increases. On December 2, a number of titanium dioxide companies announced price increases. China Nuclear Titanium dioxide announced on the evening of December 2 that the company's price committee decided to comprehensively increase the sales prices of various types of titanium dioxide on the basis of the existing sales prices of titanium dioxide from now on. Among them: the sales price of domestic customers has increased by 600 yuan / ton, and the export price of international customers has increased by 100 US dollars / ton. "View details

[us hot-rolled coil imports fell 14.9 per cent in October] according to preliminary data from the US Department of Commerce, US hot-rolled sheet imports totaled 116740 metric tons by October 2020, down 14.9 per cent from September and 19.5 per cent from October 2019. In value terms, imports of hot-rolled coils totaled US $63.4 million in October 2020, compared with US $70.8 million last month and US $88.7 million in the same period last year. The United States imported the most hot rolls from Canada in October, at 65051 metric tons. This was followed by South Korea, the Netherlands, and New Zealand. "View details

[top Group plans to invest and build a factory in Poland] recently, Ningbo Top Group Co., Ltd., a listed company and supplier of Tesla, announced that the company has decided to invest and build a factory in Poland and set up a new wholly-owned subsidiary "Top Poland Co., Ltd." the initial registered capital is about 448176 euros, and the total investment is expected to not exceed 30 million euros. The company said that Poland is located in Central Europe, and its layout of production capacity here can effectively radiate Germany and other neighboring countries, provide better supporting services for customers, and provide sufficient resources for the company's future orders.

[world Gold Council: central banks resume a net increase in gold purchasing reserves by 22.8 tons] the latest data released by the World Gold Council show that central banks resumed gold purchases in October after two consecutive months of net selling. Global official gold reserves increased by 22.8 tons. The level of gold buying was the same as that of the previous two months, but the level of selling was much lower. As of December 3, the United States still has the largest gold reserves in the world, accounting for 8133.5 tons of gold, accounting for 79.3 percent of its total foreign exchange reserves. Germany's gold reserves ranked second at 3362.4 tons, accounting for 76.5 per cent of its total domestic foreign exchange reserves. Mainland China ranks seventh, with gold reserves worth 1948.3 tons, accounting for only 3.6 per cent of foreign exchange reserves.

[cold rolled coil] South Korean cold-rolled coil maker said it would increase the shipping price in December. Posco said prices for cold-rolled coil and hot-dip galvanized steel would rise by 20,000 won ($18.08) a tonne from December orders. It is understood that modern iron making is also considering raising prices. Dongguo Steel, Eastern Steel and other steel rolling enterprises said they may raise prices by 30,000 won / ton (about 27.12 US dollars / ton) from December. According to South Korean industry insiders, the two companies have completed the relevant assessment and plan to issue price increase notices to customers from the fourth week of November.

[official opening of Haitian Metal Global Tencent App Center] on December 2, the opening ceremony of Haitian Metal Global Tencent App Center was held in the new plant in Ningbo. Haitian Metal Global Tencent App Center covers an area of 5000 square meters, equipped with HDM2500T, 3500T two double closed-loop full real-time control die casting machines, supporting aluminum alloy quantitative furnace, high vacuum equipment, a full set of mold temperature detection and control system, robot peripheral automation, high-end spray system product testing equipment, to global customers and mold factories to provide product testing and mold testing functions, and here for new materials, new technology, new technology application testing.

[notice on adjusting the maximum price of iron ore delivery fees] according to Article 75 of the measures for delivery Administration of Dalian Commodity Exchange, starting from June 15, 2021, adjust the maximum price of iron ore futures delivery fees in designated delivery warehouses. The details are as follows: 1. The maximum price limit of car and train departure fee is adjusted to 8 yuan / ton; 2. The maximum price of ship departure fee will be adjusted to 12 yuan per ton (excluding port construction and port charges). "View details

[notice on the implementation of Trading limits on Iron Ore Futures I2105 contracts] according to the risk Management measures of Dalian Commodity Exchange, it is decided that from the time of trading on December 7, 2020, non-futures company members or customers shall not open more than 10000 positions in a single day on iron ore futures I2105 contracts. The daily opening volume refers to the sum of the number of positions bought and sold on the iron ore futures contract by non-futures company members or clients on the same day. "View details

Macro focus

Minister of Finance Liu Kun: development and policy-oriented financial institutions must operate prudently and comply with regulations, and prudently grant credit with comprehensive consideration of project cash flow and collateral, and it is strictly forbidden to provide financing to local governments in violation of regulations or to cooperate with local governments in borrowing in disguise. For preventing and defusing hidden debt risks, it is necessary to improve the regular monitoring mechanism and never allow new projects and stalls to be built through the addition of hidden debts. We will improve the mechanism for local governments and their departments to allocate funds to enterprises and institutions in accordance with the law, and strictly prohibit local governments from increasing hidden debts in the form of corporate bonds.

The central bank and the Bancassurance Regulatory Commission: issue the measures for the Evaluation of systemically important Banks, the main contents of which include: defining the purpose of the evaluation, identifying systemically important banks in China, issuing a list every year, and differentiating supervision of systemically important banks according to the list. effectively maintain financial stability; determine the evaluation method. Use quantitative evaluation indicators to calculate the system importance score of the participating banks, and then combined with other quantitative and qualitative information to make regulatory judgment; clear the evaluation process. Determine the scope of the participating banks every year, collect the data of the participating banks for calculation, put forward the initial list of systemically important banks, combine with regulatory judgment, make necessary adjustments to the initial list, and release it after being determined by the Financial Stability and Development Committee of the State Council.

Ministry of Commerce: affected by the epidemic, many countries around the world are facing the problem of foreign trade logistics. The mismatch between supply and demand of transport capacity is the direct cause of the rise in freight rates. Factors such as poor container turnover indirectly push up shipping costs and reduce logistics efficiency. In the next step, we will continue to promote the increase of transport capacity, support the acceleration of container re-shipment, improve operational efficiency, support container manufacturing enterprises to expand their production capacity, strengthen market supervision, and strive to stabilize market prices. to provide strong logistics support for the steady development of foreign trade.

Financial blog Zero hedging: after two consecutive weeks of disappointing increases in initial claims data, the number of jobless claims announced this week was finally lower than the previous week, and the decline was larger than expected. Overall, however, more than 20 million Americans still apply for unemployment benefits each week.

[EU corporate investment spending has fallen sharply, which may pose a long-term hidden danger.] (EIB), the European Investment Bank, pointed out that due to the impact of the epidemic, the investment spending of EU companies has "slowed sharply", which may affect their long-term operational capacity and ability to cope with climate change. A survey by the European Investment Bank found that 45% of EU companies, especially manufacturing companies, postponed or abandoned their investment plans because of the epidemic. Half of the companies also said they needed to speed up the pace of digitization.

[us Senate Majority Leader: stimulus package is expected to be reached by the end of the year] according to CNBC, US Senate Majority Leader Mitch McConnell said that the stimulus plan for the "novel coronavirus" epidemic is expected to be reached by the end of this year.

[OPEC+ representatives: OPEC + representatives reached an agreement to increase production by a small margin in January next year] Representative OPEC+ said that OPEC + representatives reached an agreement to increase oil production by a small margin in January next year, by 500000 barrels per day in January, and then evaluate it on a monthly basis. It also said that compensatory production cuts in OPEC+ members would be extended to March.

Terminal information

Wang Fenghai: promoting the research and development of metal futures for power batteries] Wang Fenghai said that he will continue to refine and deepen the existing metal futures, comprehensively optimize the existing ones from the aspects of contract rules, brand registration and warehouse layout, optimize steel, aluminum, tin and other futures contracts, and improve the financial attributes of precious metal futures. Make good preparations for the listing of alumina, cold-rolled sheet and ferrochrome futures, promote the research and development of metal futures for power batteries, sum up the experience of international copper "double contracts", and steadily promote the opening of other non-ferrous metals, precious metals and steel futures to the outside world. "View details

[the annual container throughput of Shanghai Port is 40 million TEU for the fourth time] the annual container throughput of Shanghai Port of Shanghai Port has exceeded 40 million TEU. This is the fourth time in a row that the annual container throughput of Shanghai Port has exceeded the 40 million TEU mark since it broke through 40 million TEU for the first time in 2017.

[trench environment: plans to transfer 18 waste heat power generation projects of energy conservation and environmental protection plate to fresh and fresh energy conservation] Tiandou environment announcement, the company intends to transfer 18 waste heat power generation projects of the company's energy conservation and environmental protection plate to Qingxin Energy Saving and Energy Conservation subsidiary of Qingxin Environment. It includes the assets and liabilities of waste heat power generation projects of 16 branches ("waste heat power project asset group"), 100% equity of wholly-owned subsidiary Chongqing Tiangou Yuyang New Energy Co., Ltd. ("Chongqing Yuyi"), and Ningxia Energy Saving Investment Co., Ltd. ("Ningxia Investment Company"). 100% equity of Ningxia Energy Saving Maoye waste Heat Power Generation Co., Ltd. ("Ningxia Maoye"), payment is made in cash. After negotiation between the two parties to the transaction, it is determined that the total transfer price is 864 million yuan.

[the opening of the Shanghai Electronic Chemicals Zone will enhance the guarantee capability of the integrated circuit supply chain] the Shanghai Electronic Chemicals Zone Promotion Conference and International Forum on Electronic Chemicals Innovation and Development was held in Shanghai. Wu Qing, member of the standing Committee of the Shanghai Municipal CPC Committee and vice mayor, attended the meeting to unveil the special area and delivered a speech. Wu Qing pointed out that electronic chemicals are not only the foundation of the high-end manufacturing industry, but also an important support for the development of the integrated circuit industry. The rapid development of the global electronic information industry and the sustained growth of the scale of the integrated circuit industry have brought new opportunities for the development of the electronic chemical industry. Shanghai attaches great importance to the development of the integrated circuit industry and regards integrated circuits as one of the three leading industries to be promoted. The opening and establishment of the special area for electronic chemicals will further enhance the guarantee capability of the integrated circuit supply chain and promote the establishment of a world-class integrated circuit industrial cluster in Shanghai.

[Chery automobile exports are exported to 46 countries and regions along the "Belt and Road Initiative" route against the trend. From January to November this year, Chery Group exported a total of 100126 cars, an increase of 15 percent over the same period last year. The company has exported nearly 1.7 million cars. Yin Tongyue, chairman of Chery holding Group Co., Ltd., said that 2020 is the 20th year of Chery's "going out." Chery was exported for the first time in 2001, and now Chery has 10 overseas production bases. products are exported to more than 80 countries and regions around the world, including 46 countries and regions along the "Belt and Road Initiative" route.