[SMM Metal Breakfast] Industrial metals all fell Shanghai lead and nickel fell 2% * consumption of scrap copper rods weakened and continued to expand * aluminum prices and processing fees also fell.

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"[overnight market] Industrial metals all fell, Shanghai lead, Shanghai nickel fell 2%, oil prices plummeted nearly 3%, new strains worried about demand.

"[macro outlook] focus on the annualized sales data of existing homes in the United States in the third quarter of GDP and November.

"Click to see more metal futures.

The outer disk metal market fell across the board yesterday, with Lun Copper down 1.48%, Lunzn Zinc down 0.38%, Lun Aluminum down 1.24%, Lenny Nickel down 0.83%, Lunxi down 0.6%, and Len lead down 3.84%. The price of (LME) copper and other industrial metals fell on the London Metal Exchange on Monday as investors sold riskier assets as the new strain of the more contagious coronavirus could cause further damage to the global economy. Share and crude oil prices fell and the dollar strengthened as many countries closed their borders to the UK after Prime Minister Johnson said the country had found a variant of novel coronavirus that could spread 70 per cent more than the original strain.

The dollar index was up 0.1 per cent in late trading in New York, close to its intraday low; earlier, it had risen to a 10-day high of 91.022, up 1.4 per cent, the biggest intraday gain since March. Analysts say trading is light at this time of year and the market is usually volatile.

U. S. stocks closed mixed on Monday. The Dow rose 37.40 points, or 0.12%, to 30216.45; the Nasdaq fell 13.12 points, or 0.10%, to 12742.52; and the Standard & Poor's 500 Index fell 14.49 points, or 0.39%, to 3694.92.

As for crude oil, international oil prices tumbled nearly 3% on Monday, with the rapid spread of a new strain of coronavirus, shutting down much of the UK and tightening restrictions in Europe, raising fears of a slowing recovery in fuel demand. the stronger dollar has also put pressure on the oil market.

In precious metals, COMEX gold futures fell slightly on Monday as concerns about novel coronavirus's new strain disrupted the market and investors opted for the dollar, but the US economic stimulus package provided some support for gold prices.

LME inventory

Today's focus

[annual outlook: copper prices soar to the top of 60,000 2021 market views (continuously updated)] SMM expects copper prices to continue to break new highs in the first half of 2021, but will move slightly downward in the second half of the year under supply pressure. As the market turns to commodities in the recovery cycle, the copper market will also be more volatile. Next year, copper prices are expected to run in the range of 7050-8250 US dollars / ton for LME copper and 52500-62000 yuan / ton for Shanghai copper. "View details

[scrap Copper Daily Review on December 21: scrap copper rod consumption weakening discount continues to expand] Today (12 to 21) Shanghai electrolytic copper spot quoted a discount of 180 yuan / ton to that month's contract, with an average discount of 160 yuan / ton, which was the same as last Friday. The transaction price of Pingshui copper is 58680-58970 yuan / ton, and that of Shengshui copper is 58700-58990 yuan / ton. Today, Shanghai copper jumped short and opened low out of the Shenzhen V trend, once rising to an intraday high of 59300 yuan / ton. The second period of time before the straight fall of 58800 yuan / ton after the V-shaped trend again, pull back to 59000 yuan / ton horizontal finishing. "View details

[aluminum bar spot daily review: aluminum prices and processing fees are weak in the South China market] on December 21, the overall processing fees in the domestic aluminum bar market weakened, and the price center of gravity moved down 10-30 yuan / ton. Today, the base price fell sharply, falling by as much as 430 yuan / ton, and the shippers had a strong desire to ship goods in order to stimulate a small drop in shipping processing fees. Bargain buying in Wuxi and Nanchang in the morning, the supply of goods at low prices is OK, the later market rebounds, the downstream wait-and-see mood increases, and the response of holders in South China is not good, and the demand is poor.

[European epidemic escalated aluminum prices fell scrap aluminum market is more chaotic] December 21 spot aluminum prices fell 430 yuan / ton, waste aluminum recyclers quoted more chaotic today, cooked aluminum prices fell 200 million 400 yuan / ton, but raw aluminum prices only fell 100 yuan / ton, relatively strong demand and supply shortages make the price of waste aluminum very strong. Short-term import of waste aluminum new tax is difficult to land, near the Spring Festival recycled aluminum enterprises will have a certain stock preparation behavior, which will support the price of waste aluminum. "View details

According to SMM, as of Monday, the total inventory of SMM seven zinc ingots was 154000 tons, down 500 tons from last Friday and 9100 tons from last Monday. Inventory decreased slightly over the weekend, with an increase in Shanghai and Tianjin and a decline in Guangdong. The market arrival in Shanghai is relatively stable, with a small increase in inventory; the output in Guangdong is still at a high level, leading to continuous de-production; the arrival of smelters in Tianjin is increasing, downstream demand is poor, and inventory continues to rise. Overall, the inventory of the original Shanghai, Guangdong and Tianjin increased by 1100, while the inventory of seven places across the country decreased by 500 tons.

[daily review of nickel pig iron transaction: the purchase price of bulk orders for steel mills has not yet broken 1100 yuan / nickel point (including tax to the factory) or slightly push up the price of nickel iron] Today, a stainless steel factory in East China reported a transaction price of 1080 yuan / nickel point (including tax to the factory), with a trading volume of several thousand tons, and the price is basically operating within the SMM quotation range. The difference in nickel iron price may be obvious in the near future. The prices quoted by most consignors are still higher than 1100 yuan / nickel point (including tax to the factory), but the prices generally accepted by steel mills have not yet matched, and the transaction situation is still poor, but the demand for replenishment before the festival still exists, and steel mills may concentrate on purchasing at the end of the month and early next month. Steel mills are expected to make small concessions, and the mainstream transaction price may be slightly higher than 1100 yuan / nickel point (including tax to the factory). "View details

[SMM December 21 Lithium Carbonate spot KuaiBao: the price range of electric carbon is widened, and the purchase price of small and medium-sized material factories is on the high side] the price of battery-grade and industrial-grade lithium carbonate has been raised. At present, there is a small differentiation in the price of battery-grade lithium carbonate, and the purchasing price of large material factories has a certain advantage compared with small and medium-sized factories, and the price may be located in the middle and low range, and the bargaining power of small and medium-sized material factories is weak. "View details

[SMM Daily Review: different start-up plans of silicon plants lead to different shipping mentality] Today, the price of some metallurgical grade silicon fell slightly, with oxygen-free silicon at 12900 yuan / ton in Huangpu Port and around 14000 yuan / ton for 44 yuan / ton. Many silicon plants in Dehong and Nujiang in Yunnan plan to stop production by the end of this month. For silicon factories that are about to stop production, the financial pressure becomes smaller and the quotation is stable. In order to alleviate the short-term funding problems of purchasing raw materials and paying electricity bills, some silicon plants that are still in normal production can only reduce prices in exchange for orders when shipments are not smooth. Considering that most of the raw materials purchased in the lower reaches of January include reserves before and after the Spring Festival, silicon prices are expected to stabilize gradually under the support of rigid demand. "View details

[SMM exclusive: 2020-2021 China Metal Silicon non-seasonal production capacity details] stimulated by high profits in the second half of 2020, not only some long-term idle metal silicon production capacity was reopened, but also some ferroalloy production capacity was converted to metal silicon production. Taking into account the impact of seasonal production cuts in Yunnan and Sichuan on market supply in December and January, and specific enterprise statistics are as follows. "View details

[manganese ore] prices for manganese ore across the country continued to rise on December 21. Prices for manganese ore in Tianjin were boosted by the sharp rise in ore prices in Qinzhou Port last week. Many traders continuously boosted their quotations, and downstream manufacturers near the New year pass will begin to enter the stage of preparing small quantities of warehouses. The large number of market inquiries gives traders strong confidence in pushing up prices. At the same time, the sharp rise in manganese futures 2101 and 2105 contracts has led to a rise in Si-mn spot Synchronize. The whole industrial chain is hot; A trader said today that the Australian mine has been released in Qinzhou Port, and the number of manganese mines that have been delayed in the future will be reduced.

[Silicon manganese] December 21, the national silicon manganese market quotations all rose, the main origin price rose about 250 yuan / ton, the national mainstream current price around 6300-6500 yuan / ton, a steel enterprise in South China took the lead in issuing a January silicon-manganese alloy bidding price, 6750 yuan / ton for acceptance including tax, up 440 yuan / ton compared with last month, the sharp rise downstream and manganese silicon futures 2101 and 2105 contracts provide confidence for the market to raise quotations.

[high-carbon ferrochromium] on December 21, the national quotation for high-carbon ferrochromium is still stable, few manufacturers are willing to ship at a low price, and some manufacturers do not quote for the time being. as the spot quotation of 40-42% chromium concentrate in South Africa remains stable, the spot price of 40-42% chromium concentrate in South Africa is 24.5-25 yuan / tonnage, and the outer disk is 131-133 US dollars / tonnage. Traders are reluctant to sell, the production cost of ferrochromium is still high, and the profit situation is worrying, before there is no significant waiting to flow out. The short-term market price of ferrochromium may continue to operate steadily.

[KuaiBao of SMM magnesium ingot spot] on December 21, the mainstream price of 999 magnesium ingot factory in Fugu area is 15250-15350 yuan / ton, and the mainstream ex-factory price of 95B magnesium ingot is 15600-15800 yuan / ton. Wenxi area mainstream transaction price 15550-15750 yuan / ton; 95B magnesium ingot mainstream transaction price 16000-16150 yuan / ton.

SMM Hot Volume spot Market Review: the market is almost crazy! Over the past two days, the black market quickly closed the trading limit, and the spot market sentiment was also pushed to the best part. The quotation of merchants was extremely chaotic, the price difference was as high as nearly 100 yuan / ton, and the mainstream turnover in the morning market rose 250-350 yuan / ton. due to the strong market sentiment, merchants sell while rising, mainstream trading prices continue to rise, and the afternoon quotations in some markets are 50-70 yuan / ton higher than earlier trading. It's better to make a deal all day. "View details

[SMM hot volume]: in winter, the steel market is booming and prices are rising in the short term.] from a follow-up point of view, sheet external demand is still preferred, and there has not been a general loss and destruction in the lower reaches. Recently, there are not a few downstream of raw materials, and the actual single support below is also strong. Steel factory orders are hot above, export orders received soft, worry list is impossible to worry about the list, price reduction to promote winter storage is not in the scope of consideration, the top price attitude and determination will not be reduced! At a glance, is there any reason to be bearish? SMM believes that there is still room for short-term coil prices to rise, but what still needs continuous attention is the downstream holiday time and the situation of stopping destroying orders due to profit compression. For details, please see the follow-up SMM Steel downstream research report. "View details

[SMM investigation: defending Blue Sky-Gulan carbon and magnesium Metal Gas Distribution Section of Shenmu County jointly reduce production by 35%] at the invitation of Fugu County Lan carbon Industry Association and Fugu County magnesium Industry Association, recently, the head of Shenmu Orchid carbon Industry Association and some responsible persons of Shenmu Orchid charcoal enterprises came to Fugu to hold a forum, in order to implement iron fist to control haze, but also to ensure the stock of raw coal during spring, the meeting decided. The orchid charcoal enterprise and the metal magnesium gas distribution section in Shenmu City and Fugu County jointly reduced production by 35% to the end of March 2021. "View details

Important news of metals and industry

[Jin an Guoji: plans to invest 600 million yuan to build a new high-grade copper clad laminate project with an annual production capacity of 30 million pieces] on December 21, Jin an Guoji announced that the company held the 24th meeting of the fourth board of directors on December 17, 2020. deliberated and passed the "motion on investing in 30 million high-grade copper clad laminates projects" and agreed that the company should invest in the new "30 million high-grade copper clad laminates project" in Ningguo City, Anhui Province. The total investment of the project is 600 million yuan. The independent director of the company agreed to the matter. "View details

[export price of ADC12CIF to Japan reached US $2600 / ton] according to SMM, affected by the epidemic and China's import restrictions on waste aluminum, overseas recycled aluminum supply tends to be in short supply, and the price of exporting ADC12 to Japan continues to rise. As of December 21, the price of ADC12CIF, the basic port of export to Japan, rose to US $2550,2600 / ton, a year-on-year increase of US $1000 / ton.

[Shaanxi Meixin Company overfulfilled the annual electrolytic aluminum production task ahead of schedule] as of 24:00 on December 17, Shaanxi Meixin Industrial Investment Co., Ltd. had produced 302180 tons of primary aluminum in 2020, reaching 100.13% of the annual target task, and completed the annual production plan of 301800 tons of primary aluminum seven days ahead of schedule. The annual average current efficiency is 93.19%, and the qualified rate of product quality above AL99.70 is 100%. While co-ordinating the prevention and control of the epidemic situation, Shaanxi Meixin Company has done a solid job in the work of "six stability", fully implemented the task of "six guarantees", raced against the clock to promote production, tried every possible means to create benefits, and overfulfilled the annual production task of original aluminum ahead of schedule. "View details

[Xingfa Aluminum Co., Ltd. may sell 80% interest in Jiangxi Jingxing] Xingfa Aluminum Co., Ltd. announced that the company will sell Jiangxi Jingxing interests through the Guangdong United property Rights Exchange (approved property exchange) through Jiangxi Xingfa, a wholly-owned subsidiary, through the Guangdong United property Rights Exchange (approved property exchange) in accordance with the relevant Chinese laws and regulations on the sale of state-owned assets. The procedure for the transfer of property rights began on December 18, 2020. Jiangxi Jingxing has a registered capital of RMB 5 million, which is 80 per cent owned by Jiangxi Xingfa and 20 per cent owned by Guangzhou Jingxing, a non-wholly-owned subsidiary of a company incorporated in China and a major shareholder of China United Plastics. Jiangxi Jingxing is mainly engaged in manufacturing and selling aluminum templates. The group intends to sell Jiangxi Jingxing rights and interests to promote the strategic restructuring of the group structure.

[trial production of two aluminum industry projects in Yunnan Qujing Zhanyi Industrial Park] in December 2020, two downstream aluminum industry projects in Baishui District, Zhanyi Industrial Park were trial-produced. they are the Chinalco International Aluminum Flyover project and the Huayi Xingxin material project with an annual output of 30, 000 tons of high-performance metal materials, with an estimated total investment of 590 million yuan.

[Australian Canyon plans to mine Cameroon bauxite] Canyon plans to develop the bauxite mine in phases with a view to putting it into production in 2022. In July, Canyon released the pre-feasibility study report on the Minip-Martap block, with a planned investment of US $120 million in the first phase and an annual production capacity of 5 million tons of bauxite (which can be produced for 20 years), which will be transported to the port of Douala by existing railway for export. Minip-Martap-Ngaoundal bauxite is located in Adamawa region of Cameroon, about 570km from Yaound é. The bauxite mine is mainly divided into two blocs (about 25 km apart), namely Minip-Martap and Ngaoundal, and the final reserves in the area are expected to be 2 billion tons, according to the report.

[Nanshan Aluminum increases 1.5 billion to subsidiary Yantai Jintai Trade] on December 17, Shandong Nanshan Aluminum Co., Ltd. announced that in order to adapt to the expansion of the trade market and cope with the growing trade demand, Jintai Trade needs to continue to increase its working capital, and the company has decided to increase its capital to Jintai Trading Company by 1.5 billion yuan. After the completion of this capital increase, the registered capital of Jintai Trade will increase to 1.6 billion yuan, and its ownership structure will remain unchanged.

[Shaanxi Meixin Company overfulfilled the annual electrolytic aluminum production task ahead of schedule] as of 24:00 on December 17, Shaanxi Meixin Industrial Investment Co., Ltd. had produced 302180 tons of primary aluminum in 2020, reaching 100.13% of the annual target task, and completed the annual production plan of 301800 tons of primary aluminum seven days ahead of schedule. The annual average current efficiency is 93.19%, and the qualified rate of product quality above AL99.70 is 100%. While co-ordinating the prevention and control of the epidemic situation, Shaanxi Meixin Company has done a solid job in the work of "six stability", fully implemented the task of "six guarantees", raced against the clock to promote production, tried every possible means to create benefits, and overfulfilled the annual production task of original aluminum ahead of schedule.

[Baowu Aluminum Phase I Project was fully put into production] on December 20, Baowu Aluminum solemnly held the production ceremony of "Chenggang Glory to create brilliant Aluminum Industry" Baowu Aluminum Phase I Project in Sanmenxia, Baowu, and unveiled the "China Baowu Sanmenxia Aluminum-based New Materials Research and Development Center". The first phase of the project has a total investment of nearly 7 billion yuan and covers an area of 790mu, with an annual production line of 300000 tons of aluminum alloy, which mainly includes four main workshops and auxiliary facilities: melting and casting workshop, medium and heavy plate workshop, cold rolling workshop and finishing workshop. The design capacity is 80, 000 tons / year for aluminum alloy automobile plate, 50, 000 tons / year for aluminum alloy medium and thick plate, and 170000 tons / year for aluminum alloy plate and strip.

[American companies file 337 investigation applications for specific electrical connectors and housings, their components and downstream products] according to the China Trade Relief Information Network, December 18, 2020, AmphenolCorp. of the United States Amfino applied to the United States International Trade Commission in accordance with Section 337 of the United States Customs Act of 1930, arguing that specific electrical connectors and housings, their components and downstream products exported to, imported and sold in the United States infringed its patent rights. China Guangdong Lixun Precision Industry Co., Ltd., etc., are listed defendants.

[Yinbang signed a major contract with Modine Manufacturing Company] December 18, Yinbang announced that Yinbang Metal Composites Co., Ltd. signed a "commercial contract" with Modine Manufacturing Company on December 18, 2020. the company will supply aluminum alloy composite and non-composite materials to Modine according to its actual business plan.

[stainless steel] Outokumpu, a multinational stainless steel factory that started in Finland, recently raised its profit target for the fourth quarter due to better-than-expected sales. Outokumpu said that stainless steel deliveries have grown by about 10-15% so far in the fourth quarter, mainly due to the better-than-expected recovery of the market after novel coronavirus's epidemic control. Earnings before interest, tax, depreciation and amortisation are now expected to be (Ebitda) higher than in the third quarter. The company had expected Ebitda to be the same as in the third quarter, at about $26.75 million.

[Jiugang Group and China Metallurgical South signed a strategic cooperation framework agreement] on the morning of December 17, the Group signed a strategic cooperation framework agreement with China Metallurgical South Engineering Technology Co., Ltd. On the basis of good mutual trust and in line with the principle of "equality and voluntariness, complementary advantages, mutual benefit and common development", the two sides continue to explore, establish cooperative relations in various fields, promote coordinated development and achieve mutual benefit and win-win results.

[December 21 Shagang industrial wire rod price adjustment information] December 21, 2020, Shagang released the late December price policy, this price adjustment is based on the "December 11 Shagang excellent line product price adjustment information" as the benchmark, the specific adjustment is as follows: 4Qing hard wire increases 200yuan / ton to 4880 yuan / ton, PC steel increases 150yuan / ton to 4970 yuan / ton, 35k coil increases 200yuan / ton to 4860 yuan / ton.

[Tongwei 15GW single Crystal pull Rod cutting Project landed in Leshan] on December 16th, the signing ceremony of Tongwei 15GW single crystal pull rod cutting project was successfully held in Chengdu Tongwei International Center. Tongwei shares and Leshan Municipal people's Government, Wutongqiao District people's Government formally signed the "Tongwei shares 15GW single crystal pull rod cutting project" agreement.

[Baotou rare Earth High-tech Zone: science and technology makes rare earth products move towards high-end] the "14th five-year Plan" period is about to set sail, and the new development is booming to the east. Under the new upsurge of development in Baotou City in an all-round way, Inner Mongolia Baotou rare Earth High-tech Zone takes the initiative to renew its concept, accurately grasp the important opportunities of scientific and technological innovation and industrial reform, and target the key tasks of economic and social development during the 14th five-year Plan period. we will fully implement the arrangements of the autonomous region and Baotou City, and closely revolve around the major task of the times of high-quality development of the rare earth industry. The focus is on making concerted efforts in the five aspects of permanent magnet, hydrogen storage, polishing, catalysis and alloy, extending from the four dimensions of "up and down," to further strengthen the industrial base, raise the modernization level of the industrial chain, promote the feathering of rare earth products into butterflies and sprint to the high end, and with unconventional, vigorous and breakthrough measures, build the rare earth industry into a trillion-level industrial base, forming a new competitive advantage in the country and even the world. Create new highlands of global technology. "View details

[Shandong: organize multi-departments to supervise and inspect violations of laws and regulations in the field of rare earth production and management] recently, in accordance with the "notice on organizing rare earth enterprises to carry out self-inspection and self-correction and severely crack down on all kinds of violations of laws and regulations in the field of rare earth production and operation" (Lu Gongxin Yuan [2020] No. 156), The Provincial Department of Industry and Information Technology, together with the Provincial Development and Reform Commission, the Provincial Department of Commerce, the Provincial Department of Natural Resources, the Provincial Emergency Department, the Provincial Department of Ecological Environment, the Provincial Public Security Department, the Provincial Taxation Bureau, the Provincial Market Regulatory Administration, Jinan Customs, Qingdao Customs, the Provincial rare Earth Industry Association and other departments formed three supervision teams to carry out special supervision and inspection actions on rare earths in Jining City, Qingdao City and Zibo City. "View details

[Baotou Hanhai Longsheng project with an annual output of 600 tons of new rare earth metal materials was put on record] on December 14, the Baotou Municipal Bureau of Industry and Information Technology issued a notice for the project record, allowing Baotou Hanhai Longsheng Industrial Co., Ltd. to put on record the project with an annual production capacity of 600 tons of new rare earth metal materials. Construction scale and content: after the completion of the project, it will produce 300 tons of rare earth flint rods, 50 tons of rare earth metal wire rods, 200 tons of rare earth flint and 50 tons of rare earth wire.

Recently, entrusted by the Provincial Science and Technology Department, the Municipal Science and Technology Bureau presided over the provincial achievement transformation project "rare Earth polishing Powder waste Recycling and element recovery Technology Research and Development and industrialization" (BA2016130) acceptance meeting undertaken by Jiangsu Guangsheng Jianfa Renewable Resources Co., Ltd. By listening to reports, reviewing materials, observing the site and answering questions, the acceptance committee believes that the project has completed the tasks stipulated in the contract and unanimously agreed to pass the acceptance.

[announcement of industry standards for dysprosium and terbium metal targets drafted by northern rare earths] recently, the Science and Technology Department of the Ministry of Industry and Information Technology issued 19 industry standards related to rare earths. The industry standard of "dysprosium and terbium metal targets" drafted by northern rare earths is among them. The industry standard of dysprosium and terbium metal targets stipulates the requirements, test methods, inspection rules, marks, packaging, transportation, storage and quality certificates of dysprosium and terbium metal targets, which are closely combined with the production needs of enterprises. scientific and technological achievements are easy to be transformed into real productive forces, and the prospect of industrialization is good.

[260 million of China Color shares sold Pearl River rare earths] to the end of the year, China Color shares (000758) made progress in the transfer of its holding subsidiary. On December 14, the company disclosed that it had signed an agreement with the transferee Guangzhou Luoxing Real Estate Investment Co., Ltd., at a price of 256 million yuan, and that the transfer plan had been voted against by two votes when the board of directors considered it.

[Jiuyuan District, Baotou City: major projects of High Purity rare Earth Metal Industrial Park are under construction] in Inner Mongolia rare Earth New Materials Industrial Park (core area), there is a high purity rare earth metal industrial park covering an area of 460 mu. Since April, this place, known as the "rare Earth Metal Park", has become the hottest gathering place for project construction in the rare earth new materials industrial park (core area). Here gathered three samarium rare earth metals, Hefa rare earth metals, Jin Weida rare earth metals and other new rare earth metal production enterprises.

[Jinli permanent Magnet: sufficient inventory of heavy rare earth raw materials can meet order production demand] Jinli permanent Magnet said on the interactive platform that the price of heavy rare earths in rare earth raw materials has continued to rise recently, and the company has sufficient inventory of heavy rare earth raw materials. Can meet the order production demand. The company has established a stable cooperative relationship with important suppliers of rare earth raw materials, including Southern rare Earth Group, and through measures such as purchasing rare earth raw materials in advance according to on-hand orders, establishing safety inventory of rare earth raw materials, establishing price adjustment mechanism with customers, improving formulation technology and reducing costs, to reduce the impact of rare earth raw material price fluctuations on the company's operating performance.

[iron ore I 2012 smooth delivery of 370000 tons of follow-up contract is guaranteed] according to the article, the last contract for iron ore futures in 2020, the I2012 contract, was successfully delivered on December 17. The last trading day of the contract is December 14, and it entered the delivery stage from 15 to 17, and delivery and settlement was completed after closing on the 17th, with a total delivery volume of 3700 lots (370000 tons) and a settlement price of 1005 yuan per ton. all normal delivery is performed.

[U.S. uranium and Vanadium Mining will enter the rare Earth Commercial sector in the first quarter of 2021] U.S.-based uranium and Vanadium Mining Company (Energy Fuels) will become a rare earth producer in the first quarter of 2021. The company announced on December 14th that it had reached a supply agreement to process monazite at its White Mesa smelter in (White Mesa Mill), Utah. "View details

[Port inventory continues to operate at a low level, there is no market for coal in the market] as for the port, the inventory in Beigang has remained low recently, and there is still a shortage of high-quality resources in the market. China's ports around the Bohai Sea have a total storage of 18.17 million tons of coal, down 420000 tons from a week ago. Imported coal has been relaxed, and some new foreign coal has entered the domestic market one after another, but due to the strong downstream demand, a small amount of imported coal has limited relief to the tight supply pattern of the domestic coal market, and it is expected that domestic coal prices will still have support in the short term. "View details

There is new news about Guangzhou Futures Exchange! Fang Xinghai proposed to further consolidate the foundation of the futures market around price discovery, the core function of the futures market, and study the introduction of carbon emission rights futures to help achieve carbon peak in 2030 and carbon neutrality in 2060. He also revealed that the work of the new futures exchange is coming to an end. "View details

Macro focus

Academy of Social Sciences: in 2019, China's total retail sales of consumer goods reached 41.2 trillion yuan, making it the largest physical consumer market in the world. In addition, during the 14th five-year Plan period, we will further relax fertility restrictions, formulate effective social policies to encourage and encourage childbearing, constantly reduce the family cost of giving birth, raising and educating children, and gradually create a fertility-friendly policy system and social environment.

New Office of the State Council: issued a white paper entitled "China's Energy Development in a New era", pointing out that it is necessary to explore new modes of energy production and consumption by relying on "Internet +" intelligent energy construction. We will speed up the innovation and upgrading of intelligent photovoltaic, promote the integrated development of photovoltaic power generation with agriculture, fisheries, animal husbandry and construction, expand the new space for complementary application of photovoltaic power generation, and form a new model for extensive development and utilization of new energy. Promote the development of hydrogen fuel cell technology chain and hydrogen fuel cell vehicle industry chain.

Central bank: China's December one-year loan market quoted interest rate (LPR) is 3.85%, is expected to be 3.85%, last month was 3.85%. The five-year loan market quoted interest rate (LPR) is 4.65 per cent, which is expected to be 4.65 per cent, compared with 4.65 per cent last month.

On Monday, the Shanghai Composite Index rose 0.76% to 3420.57 points, with a turnover of 383.899 billion. The Shenzhen Composite Index closed at 14134.85 points, up 2.03%, with a turnover of 480.532 billion. The gem index closed at 2882.44 points, up 3.66%, with a turnover of 175.093 billion. The total turnover of the two cities is 864.431 billion. Driven by weekend news, seed stocks rose sharply, automotive, lithium electricity, photovoltaic and other plates of the new energy industry chain strengthened across the board, liquor stocks were divided, and non-ferrous metals, military industry, semiconductors, medical beauty, securities firms and other plates rotated higher.

On Monday, the Hang Seng index fell 0.72% to 26306.68. The index of state-owned enterprises fell 0.78% to 10401.83. The net inflow of capital going northward on that day was 7.861 billion.

(Italian exports rebounded in November, with exports to China up 35% year on year) according to data released by Italy's National Statistics Institute on December 21, after a 9.7% year-on-year decline in October, the country's foreign trade exports increased by 1.4% in November compared with the same period last year, of which exports to China increased by 35% compared with the same period last year. According to the analysis of the Bureau of Statistics, Italy's exports to countries outside the European Union rose 3.6 percent in November compared with the same period last year, especially intermediate goods and non-durable consumer goods, of which China and Switzerland contributed 3.5 percent to the month's export growth, which is the main factor driving export growth.

[more than 1.7 million COVID-19 deaths worldwide] according to the latest data from Johns Hopkins University, 1700399 people around the world have died after being infected with COVID-19 virus, including nearly 320000 in the United States, more than 187000 in Brazil, nearly 146000 in India, more than 118000 in Mexico, and more than 60, 000 in Italy, Britain and France.

[more than 200000 new confirmed cases by novel coronavirus in Japan] from 0:00 to 2200 local time on December 21, 1806 new cases were confirmed by COVID-19 in Japan, with a cumulative total of more than 200000 confirmed cases, reaching 201050. The number of deaths increased by 48, and the cumulative number of deaths reached 2965.

Terminal information

Since the beginning of this year, governments in the world's major economies, large energy / equipment enterprises, and financial markets have been "aware" of clean energy, especially photovoltaic, and the concept of "green recovery" after the epidemic has become popular all over the world. The photovoltaic industry grows rapidly during the 13th five-year Plan period, and the cumulative installed capacity of photovoltaic is expected to reach 240GW. The comprehensive intervention of global long-term capital also validates the judgment of the long-term growth space and the solidification of the leading position of the industry to a certain extent. "View details

[new energy sector concept stocks continue to strengthen BYD's daily trading volume exceeds 11 billion] Today (12: 21) the new energy sector rose 2%. In terms of individual stocks, BYD rose to 193.60 yuan in the afternoon, and the share price was close to an all-time high. Ningde era rose nearly 9%, Great Wall Motor, Huayou Cobalt, New Zebang, Guoxuan Hi-Tech and so on have strengthened, more than a dozen related concept stocks. The central and local levels are still actively promoting the development of new energy vehicles. For example, the Ministry of Transport has indicated that it will promote new logistics and distribution of light vehicles in cities to use new energy vehicles. Provinces and cities such as Shanghai, Yunnan and Xi'an have introduced policies such as planning, concessions or subsidies to support the development of new energy vehicles. Domestic sales of new energy vehicles are expected to accelerate to 1.9 million next year. "View details

[Longji shares reached an all-time high by 10 billion yuan of Hillhouse Capital in the afternoon] on December 21, photovoltaic concept stocks strengthened as a whole. Longji shares opened high and closed the limit at 85.42 yuan, and the share price hit an all-time high. Yesterday, Longji shares issued a notice saying that Li Chunan, its shareholder with more than 5% stake, signed the "share transfer Agreement on Longji Green Energy Technology Co., Ltd." with Hillhouse Capital Co., Ltd on December 19th, which is intended to transfer about 226 million shares of Longji shares to Hillhouse Capital, accounting for 6.00% of the company's total share capital. "View details

[SMIC's list of US entities will be further accelerated] on December 18, BIS of the US Department of Commerce announced that 60 Chinese entities, including SMIC, would be included in the entity list. After SMIC is included in the entity list by the US Department of Commerce, it is expected that the focus of future development will shift to mature processes, and the supply of domestic equipment and materials is expected to be greatly increased for the sake of supply chain security. "View details

[Chongqing Merixin plans to IPO listing] on December 18, Chongqing Securities Regulatory Bureau announced that Chongqing Merixin Technology Co., Ltd. has signed a mentoring agreement with sponsor institutions to issue shares to the public and list them. Murray is the only first-tier supplier of Huawei in Chongqing and a parts manufacturer of Tesla battery control case, automobile shock absorber and radiator. It may undertake the manufacture of large-scale structural parts of Tesla automobile in the future.

[American companies have filed an application for 337 investigation of specific integrated circuits and their downstream products] recently, TelaInnovations,Inc. of the United States In accordance with the provisions of Section 337 of the United States Customs Act of 1930, an application was filed with the United States International Trade Commission, arguing that specific integrated circuits and their downstream products exported to, imported and sold in the United States infringed their patent rights. China Acer Group, China Asustek computer Co., Ltd., Beijing Lenovo Group of China, and China MSI Technology Co., Ltd. are among the listed defendants.