[macro outlook] pay attention to the initial value of PMI of Markit manufacturing industry in Europe and other places
[overnight market] the metal rose and fell and the US dollar fell four times in a row. The Nasdaq hit another all-time high.
The metal market in the outer disk was mixed yesterday, with the US index falling sharply to provide momentum for metals, with the dollar falling for a fourth consecutive session on Thursday as investors turned to higher-yielding currencies as a series of stronger-than-expected economic data from the United States and continued optimism about a massive economic stimulus package raised hopes for a recovery in the world's largest economy.
U. S. stocks closed mixed, the Nasdaq once again led the rise and hit an all-time high. The Dow fell 12.37 points, or 0.04%, to 31176.01; the Nasdaq rose 73.67 points, or 0.55%, to 13530.91; and the S & P 500 rose 1.22 points, or 0.03%, to 3853.07.
In terms of crude oil, crude oil prices fluctuated sharply and closed lower on Thursday as the deterioration of the global coronavirus epidemic heightened concerns about the prospect of a rebound in demand, and the dollar fell for a third consecutive day, providing some support for oil prices. In terms of precious metals, spot gold was basically flat, closing at around $1870. The continuous decline of the US dollar supported the gold price, but the renewed rise in US bond yields limited the gold price.
Yesterday, the A-share index fluctuated higher throughout the day, the gem index rose more than 2%, the turnover returned to trillions, individual stocks rose more than 9% and fell less, up more than 9% and more than 100 stocks, and the market has a better moneymaking effect. On the plate, the Baotuan plate and individual stocks are rotated to repair, the performance of liquor stocks is strong, the Sichuan energy power of Lithium Electric people's air mark goes up and down, the rare earth plate continues to break out, and individual stocks rise and stop. Genetic testing, coal, non-ferrous metals, food, brokerage, games and other plates are rotated up, and on individual stocks, the high-bid central South Real Estate and Xianghe Industries have plummeted, and some of the holding stocks, such as Oriental Wealth and Haikangwei, have reached new highs again. On the whole, the market is dominated by rotation, and it is difficult to operate. On the market, rare earths, coal, fund sequencing and other sectors led the rise, property management, registration sub-new, papermaking and other sectors led the decline. As of the close, the Prev index rose 1.07% to close at 3621 points, the Shenzhen Composite Index rose 1.95% to close at 15520 points, and the gem index rose 2.46% to close at 3283 points.
[stock market closes] A-shares move higher across the board and stocks rise and stop the tide. Coal, non-ferrous and other plates are rotated to pull up.
Inventory
Macro focus
[Li Keqiang presided over an executive meeting of the State Council to deploy measures to strengthen the system and resolutely stop enterprises from collecting fees indiscriminately.] the meeting demanded that it is necessary to do a good job in the normal collection and payment of statutory taxes and fees, and that it is not allowed to centrally settle historical arrears on their own. enterprises, especially small and medium-sized and micro enterprises, should not increase the burden of payment because of the transfer of social security fee collection responsibilities. This year, all provinces should keep the current way of collecting social security premiums unchanged. It is necessary to deepen the reform of "release, management and service", optimize the business process of social security contributions, and expand the scope of "non-contact" services. By the end of July, enterprises can basically handle social insurance premiums online, and individual contributions can basically be "handheld" by the end of the year.
[Ministry of Commerce: will further expand the scope of the free trade network] A spokesman for the Ministry of Commerce said that we will further expand the scope of the free trade network. We are willing to sign free trade agreements with more trading partners to jointly promote trade and investment liberalization and facilitation, for example, speed up negotiations on free trade agreements between China, Japan and South Korea, promote the process of free trade negotiations with the GCC, Israel and Norway, and actively consider joining the CPTPP.
[Hua Chunying: China is willing to continue to provide assistance to the United States in fighting the epidemic] the death toll of COVID-19 in the United States has exceeded 400000. Foreign Ministry spokeswoman Hua Chunying said on the 21st that China expresses its deep condolences to the people who were unfortunately killed in this epidemic. Since the outbreak of the epidemic, China has tried its best to provide support and assistance to the American people in the fight against the epidemic. "it is only when all countries in the world have overcome the epidemic that mankind can really defeat the epidemic once and for all." She said that China is willing to continue to provide assistance and support to the United States in the fight against the epidemic.
[the National Development and Reform Commission issued the Circular on the Establishment of a National Real Estate Investment Trust Fund (REITs) pilot Project Library in Infrastructure.] the Circular puts forward specific work requirements from six aspects. First, local governments are required to fully understand the importance of steadily promoting infrastructure REITs pilot projects. Second, it requires localities to step up efforts to incorporate qualified projects into the infrastructure REITs project library, and earnestly strengthen the reserve management of infrastructure REITs pilot projects. The third is to divide the storage project into three categories: intention project, reserve project and survival project, and strictly grasp the conditions of the storage project. Fourth, it puts forward the support measures for the storage project from four aspects such as strengthening the coordination service. Fifth, from the project information, storage coding, time arrangement and other aspects, to do a good job of the project carding and submission of specific requirements. Sixth, all localities are required to unify rules and strengthen cooperation to ensure the steady implementation of infrastructure REITs pilot projects.
[Shanghai: improving the notarized lottery house selection system for new commercial housing to give priority to meeting the demand of "homeless families" for self-living and buying houses] the Shanghai Municipal Housing and Urban and Rural Construction Management Commission and other ministries and commissions jointly issued the opinions on promoting the stable and healthy Development of the Real Estate Market in this City. The "opinions" will strictly manage the plan for the sale of newly-built commercial housing for the record, and implement various management systems such as "clear price" and "real name system" for the sale of commercial housing. We will improve the notarized lottery house selection system for newly built commercial housing, and give priority to meeting the needs of "homeless families" for self-living and buying houses. We will strengthen the supervision of pre-sale funds and protect the legitimate rights and interests of home buyers.
[Democrats serve as chairmen of the Securities and Exchange Commission and the Commodity Futures Trading Commission] Democrats today took over two top financial institutions, the Securities and Exchange Commission and the Commodity Futures Trading Commission ((CFTC)). Us President Joe Biden has appointed SEC commissioner Alison Herren Lee (Allison Herren Lee) as acting chairman of the agency. She said she would focus on climate policy and sustainability during her tenure, while continuing the agency's work to protect investors and ensure market integrity. Rothian Benhamou (Rostin Behnam), a Democratic member of the Commodity Futures Trading Commission, today served as acting chairman to replace outgoing Republican leader Heath Talbot (Heath Tarbert). Talbot intends to stay on as a member of the CFTC.
The ECB left the main refinancing rate unchanged at 0%, the deposit rate at-0.5% and the marginal lending rate at 0.25%, in line with expectations.
The number of people applying for unemployment benefits for the first time in the United States last week was 900000, compared with an estimated 935000, compared with a previous value of 926000.
Today's focus
[SMM analysis: a brief analysis of the delivery volume of the "main force" of copper consumption in 2020] looking back on 2020, it was a psychedelic year, plague, insect plague, famine, financial turmoil. There is no easy hurdle, and the domestic economy was obviously affected by the epidemic in the first half of 2020, causing varying degrees of negative impact on the power industry for 20 years. In this year, the State Electroweb also raised the investment in the fixed asset plan to 460 billion yuan from 400 billion at the beginning of the year, which is basically the same as the investment in 2019. "check the details.
[SMM analysis: the popularity of orders downstream of enamelled wire comes from the rapid growth of orders for power tools] recently, the operating rate of enamelled wire enterprises has remained stable, downstream orders continue to be hot, and some orders for enamelled wire have been arranged until early March. According to SMM research, this is mainly driven by a steady stream of orders from downstream industrial motors, automobiles, home appliances and power tools. "check the details."
[SMM Analysis: summary of China's Aluminum Cable Export in 2020] according to the data released by the General Administration of Customs, the cumulative export volume of aluminum cable from January to December 2020 was around 221700 tons, a slight increase of 1.18% over 2019. In 2020, China's total export value of aluminum cable reached 546.7 million US dollars. (here the aluminum cable contains two tariff numbers 76141000 and 76149000, that is, "uninsulated steel core aluminum strand, cable, braided tape and the like" and "other non-insulated aluminum stranded wire, cable, braided tape and the like") to view details.
SMM analysis: there are signs of waste aluminum from the original aluminum generation near the Spring Festival? As early as March-April 2020, due to the sharp drop in aluminum prices, the substantial losses in the inventory of waste aluminum recyclers and the impact of the epidemic on the recovery of new waste aluminum, large-scale recycled aluminum enterprises used raw aluminum instead of waste aluminum. Recently, recycled aluminum enterprises have increased their desire for purchasing A00 aluminum, and even some enterprises have determined their purchasing plans for A00 aluminum, which is why "check the details."
[national Aluminum Bar inventory Weekly Review] the output of aluminum bars rose 1800 tons last week from the previous week to 45400 tons, and aluminum rod inventory increased by 1600 tons to 84300 tons compared with last Thursday. Among them, inventory in Foshan and Nanchang recorded a decline, Nanchang inventory decline is more obvious, month-on-week decline of 2000 tons to 8500 tons, Foshan area is slightly reduced by 900 tons to 39200 tons. Inventory growth was recorded in Wuxi and Changzhou, of which Wuxi and Changzhou increased by 2300 tons to 14700 tons and 2200 tons to 10900 tons respectively. There is little change in inventory in Huzhou area. "check the details."
[SMM data] less arrival of goods superimposed on the stock of electrolytic aluminum society can be removed from 15000 to 669000 tons per week. January 21, SMM statistics domestic electrolytic aluminum social inventory of 669000 tons, weekly warehouse 15000 tons. Mainly due to the recent shortage of automobile transportation, the shipping efficiency in Xinjiang and even southwest China has been blocked, affecting the level of arrival of goods in Wuxi, South China Sea and other consumption places. "check the details."
[SMM analysis: domestic demand gradually weakens before the festival. Refined zinc imports may decline sharply in January] the latest customs data of the General Administration of Customs released 56400 tons of refined zinc imports in December 2020, up 12.48% from the same period last year, down 10.02% from the previous month. A total of 800 tons of refined zinc were exported, that is, a net import of 55600 tons in December 2020. Imports totaled 541700 tons from January to December 2020, down 10.58% from the same period last year.
[SMM data: stainless steel exports hit a record high in December, but there is still a cumulative decline for the whole year] according to SMM statistics, stainless steel imports in December were 217200 tons, down 9.77% from the previous month and an increase of 127.19% over the same period last year. From January to December 2020, stainless steel imports totaled 1.803 million tons, an increase of 61.16% over the same period last year. In the fourth quarter of 2020, stainless steel exports increased against the trend, and the export volume in December was higher than that in the same period of previous years. The total export volume of stainless steel in December was about 479500 tons, of which the conventional statistics showed that the export volume of rolled plates and pipe profiles was 379800 tons, an increase of 45000 tons compared with the previous month.
[SMM hot volume spot market review: volume bottomed out, speculative demand broke out] yesterday, the spot price of hot volume fell steadily and slightly in early trading, and the market trading atmosphere was as usual. Low prices were OK in some markets, black series pulled up and rebounded around midday, merchants in some superimposed areas considered winter storage, the market trading atmosphere significantly improved, merchants' demand for replenishment broke out, the actual terminal transaction remained weak, and the overall all-day transaction was OK. It is obviously better than the previous month. "check the details."
[thread inventory report of the third week of January: the accumulation speed is in line with expectations, and the fundamental pressure of threads has not yet been highlighted] as of January 21, the total inventory of building materials nationwide was 7.2188 million tons, with a month-to-month ratio of + 8.8% and the lunar calendar compared with the same period last year. With only three weeks to go before the Spring Festival, downstream industries, especially real estate construction sites, have been shut down one after another, coupled with the expansion of the geographical scope of the "recurrence" of the domestic epidemic, and terminal demand continues to shrink, resulting in a 2.92% increase in the speed of thread accumulation this week. "check details."
[MMi iron ore port spot index report (21)] yesterday even iron narrow fluctuations in early trading, the port spot market quotation stable in the early trading down about 5 yuan / ton. As the market rose in the afternoon, some merchants raised their quotations slightly; the mood of steel mills to catch up was not high, and the overall transaction was general. Today, the turnover of PB powder in Shandong and Tangshan is 1140-1145 yuan / ton, which is 5-10 yuan / ton higher than that of yesterday.
[SMM analysis: the decline in steel prices may slow down under strong expectations] according to SMM research, the operating rate of blast furnace calculated by SMM was 87.7% on January 21, down 0.7% from last week and 0.44% from the same period last year. Affected by the epidemic in Hebei Province this week, the transportation of raw materials is not smooth, and some steel mills have been forced to reduce production, leading to a significant drop in blast furnace operating rate. "check the details.
[SMM analysis: 2020Q4 passenger car installed capacity analysis: December iron lithium battery installed accounted for 30% of the head battery enterprises increased iron lithium demand] according to the SMM new energy database, the output of Q4 new energy passenger vehicles in 2020 was 549000, up 101.3% from the same period last year; the installed capacity of passenger vehicles was 22.4GWH, up 92.8% from the same period last year. The proportion of iron-lithium batteries rose significantly in December, reaching 29.8%. The increase in the number of iron-lithium batteries installed in passenger cars in December is mainly due to BYD "Han", Hongguang MINI, Tesla Model 3, Chery eQ1 and other models.
[the proportion of cobalt demand in the lithium industry will continue to climb and cobalt leading enterprises will step up production] SMM expects global cobalt demand to increase to 146000 tons of metal tons in 2021, an increase of 10% compared with the same period last year; among them, the demand for cobalt in the new energy vehicle industry is expected to grow by 35%. In the medium and long term, although the trend of research and development of battery materials is "reducing cobalt", after a sharp correction in cobalt prices in recent years, the cost of cobalt prices is much lower than that in the previous period, and downstream enterprises will also balance R & D costs and benefits. "check the details.
[SMM research: Yunhai metal magnesium alloy won the fifth batch of national manufacturing individual champion product title] recently, the Ministry of Industry and Information Technology and the China Federation of Industrial economy announced the list of the fifth batch of manufacturing individual champion demonstration enterprises (products). Yunhai Metal Group "magnesium alloy" was awarded the fifth batch of national manufacturing individual champion product "View details".
Important news of metals and industry
[promoting the effective allocation of domestic and international resources the generation of the first standard warehouse receipt for international copper futures] on January 20, 2021, the 100.446-ton SPCC- ILO international copper futures standard warehouse receipt produced by Peru Southern Copper Co., Ltd. was officially produced in Shanghai Yangshan Free Trade Port Shitianwei Logistics Co., Ltd. This is the first time that international copper standard warehouse receipts have been generated since international copper futures were listed and traded at the Shanghai International Energy Trading Center.
[Ministry of Commerce: prices of non-ferrous metals dropped slightly last week] the national market price of edible agricultural products rose 2% last week (January 11-17) compared with the previous week (the same below), while the market price of the means of production fell by 0.3%. Non-ferrous metals declined slightly, of which the prices of aluminum, zinc and copper fell by 4.3%, 3.4% and 0.8%, respectively. Coal prices rose 2.2% from the previous month, while the prices of thermal coal, No.2 smokeless lump coal and coking coal (1626,-13.00,-0.79%) rose 2.7%, 1.5% and 0.7%, respectively, compared with the same period last year.
[Longxi aluminum foil successfully passed the IATF16949 supervision audit] the audit teacher of Shanghai Enkeye Certification Co., Ltd. conducted a detailed and serious audit of the whole process of Longxi aluminum foil units, the main content of the audit is divided into management, customer satisfaction survey, product design and development, production, inspection and documentation and other aspects.
[Shanxi Aluminum Gas substitution Project] since the company was put into operation, the gas source of aluminum hydroxide roasting is all natural gas, and the gas cost accounts for a large proportion of the production cost, which is higher than that of the same industry, which has restricted the improvement of the company's core competitiveness for a long time. Over the years, especially since 2019, Aluminium Power Company and its party committee have made overall and scientific decisions and made great efforts to promote roasting gas replacement projects. With the care and help of the local government and the cooperation of relevant partners, through unremitting efforts, on January 10, the company's four roasting furnaces were all equipped with ventilation conditions, and on January 19, coke oven gas was ignited successfully. ushered in the historic moment of the gas substitution project.
[Alcoa Q4 net loss of $4 million, revenue fell 11% year-on-year in 2020] Alcoa's revenue in the fourth quarter of 2020 was $2.392 billion, down 2% from a year earlier; homing net loss was $4 million, compared with a net loss of $303 million in the same period last year; adjusted earnings per share were $0.26, compared with a loss of $0.31 per share in the same period last year. The company's full-year revenue in 2020 was $9.286 billion, down 11% from a year earlier; the net loss of homing was $170 million, compared with a net loss of $1.125 billion in the same period last year; an adjusted loss of $1.16 per share and a loss of $0.99 per share in the same period last year. The company has set annual production records in both bauxite and alumina.
[Chinalco Southwest Aluminum Aerospace Aluminum Alloy forging Ring won the fifth batch of manufacturing champion products] recently, the aerospace aluminum alloy forging ring of Chinalco Southwest Aluminum (Group) Co., Ltd. successfully passed the examination of the fifth batch of manufacturing individual champion products of the Ministry of Industry and Information Technology. Won the title of single champion product in the manufacturing industry. This is the first time that Chinalco Southwest Aluminum has won the honor. The individual champion of manufacturing industry is a special action of cultivating and promoting individual champion of manufacturing industry, which is carried out by the state to guide manufacturing enterprises to focus on innovation and product quality improvement, to promote the industry to the middle and high end, and to drive Chinese manufacturing to the world.
[Vale promotes coal divestiture plans to achieve carbon neutrality by 2050] Vale informed that it had signed an intentional agreement with Mitsui products Co., Ltd. (Mitsui), under which the two sides will orderly promote the withdrawal of shares of Mitsui from the Moatize Coal Mine and the Nacala logistics corridor, which is Vale's first step towards divesting its coal business. The deal is in line with Vale's strategy of focusing on its core business and with the company's environmental, social and governance (ESG) agenda of reducing "scope one" and "scope two" emissions by 33% by 2030 and achieving carbon neutrality by 2050.
[BHP Billiton issued an operating statement for the first half of fiscal year 2021] in fiscal year 2021, group production in terms of copper production was basically flat in the first half of fiscal year to the end of 2020. In fiscal year 2021, BHP Billiton's production targets for oil and coking coal remained unchanged, while iron ore production targets benefited from the increase in the production restart at the Samarco mine, which began in December 2020, to between 245 million and 255 million tons, while the copper production guidance range benefited from the strong production momentum of the Escondida copper mine, which further narrowed to between 1.51 million and 1.645 million tons.
[photovoltaic plate collectively pull up many stocks trading industry demand good installed capacity] yesterday, the three major indexes opened high and continued to pull up, on the market, the photovoltaic plate rose, as of the daytime close, the solar sector closed at 2095.27, up 1.45%. In terms of individual stocks, CNC and Foster rose by the daily limit, Tongwei shares rose nearly 9%, and special electricians rose nearly 8%. On January 20, the National Energy Administration released new energy installation data for 2020. In 2020, 71.67 million kilowatts of wind power and 48.2 million kilowatts of solar power will be installed, and the total installed capacity of Fengfeng will be about 120 million kilowatts.
[INSG: global nickel market oversupply rose to 2000 tons in November] the global nickel market oversupply rose to 2000 tons in November from a revised surplus in October, according to data released by (INSG), an international nickel industry research group, on Wednesday.
[ICSG: has a supply shortage of 113000 tons in the global refined copper market in October 2020] the international copper research group (ICSG) said in its latest monthly report that there was a shortage of 113000 tons in the global refined copper market in October 2020 and 147000 tons in September.
[the growth of Ternary material shipments Tianli LiNeng is expected to exceed 1.16 billion in revenue last year] on January 20, according to the latest announcement on the website of Shenzhen Stock Exchange, the IPO audit status of Xinxiang Tianli LiNeng Co., Ltd. changed to "inquired". This IPO, Tianli LiNeng plans to raise 836 million yuan for Huaibei ternary cathode material construction project and Xinxiang ternary cathode material construction project, adding a total of 13600 tons of high nickel ternary material production capacity.
[rare earth supply and demand Liangwang listed companies to expand production and increase efficiency] recently, rare earth prices continue to strengthen. A number of people in the industry believe that the improvement in the relationship between supply and demand is the main reason for stimulating higher prices. In addition, the rare Earth Management regulations (draft for soliciting opinions) issued by the Ministry of Industry and Information Technology has boosted the industry's confidence in the sound development of the industry. With regard to the future market demand, Huabao Securities has calculated that high-performance rare earth permanent magnet materials will maintain high-speed demand growth in the next five years, and the market prospect is promising, only the three representative industries of low-carbon economy, namely, new energy vehicles, wind power generation and energy-saving household appliances. By 2025, the total global demand for high-performance NdFeB magnets will exceed 2019.
[China Enfei signed the feasibility study contract for the construction of the National rare Earth functional Materials Innovation Center] recently, China Enfei successfully signed the feasibility study contract for the construction of the National rare Earth functional Materials Innovation Center with Guo Ruike Chuang rare Earth functional Materials Co., Ltd. The construction project of the National rare Earth functional Materials Innovation Center is located in Ganzhou, Jiangxi Province and Baotou, Inner Mongolia. The total investment of the project is about 500 million. Among them, the construction site of Ganzhou Innovation Center is located in the core area of China's rare Gold Valley, the project covers an area of 200mu, with a total construction area of 96000 square meters. The construction content mainly includes office building, R & D building, analysis and testing center, big data center, incubation center, pilot workshop and other related facilities.
Recently, the cold performance test of the No. 6 unit of Fuqing Nuclear Power Plant of China Nuclear Power Corporation, the "Hualong No. 1" demonstration project, has been completed, laying a solid foundation for follow-up unit charging and grid-connected power generation. Nearly 1000 tons of Hegang "Wugang Brand" high-end nuclear power steel plate, which is used in the manufacture of conventional island and nuclear island equipment reactors, steam generators, steam turbines and generators. Among them, ultra-wide and high elongation nuclear power steel Q345R is used in the manufacture of nuclear reactor pressure vessel sealing ring and steam-water separation reheater; Q345CP265GH steel plate is used in the manufacture of steam generator discharge pipe support plate; 20HR steel plate is used in the manufacture of nuclear safety shell steel lining. As the "national business card" of China's nuclear power to the world, Hualong 1 is one of the third-generation nuclear power models with the highest acceptance in the current nuclear power market, and it is a major landmark achievement in the innovation and development of nuclear power in China.
Terminal information
[e-Evolution listed this year can reach 500km] the new car uses Mitsubishi's new family design, split headlights with convex shape, very individual. It is reported that Mitsubishi e-Evolution concept car is expected to be officially launched this year. In terms of power, the concept car uses dual-motor all-wheel drive with a range of 500 kilometers.
[BYD Semiconductor's listing acceleration coincides with the official opening of the global outbreak of automotive chip shortage] starting with Honda's production reduction, within a few weeks, it is no longer news that a shortage of automotive chips has dragged down the production capacity of the entire car factory. Audi, Ford and other big companies have joined the "chip crying poor" brigade. In the middle of the storm, on the 20th, the information released during the day showed that BYD Semiconductor Co., Ltd. had received China International Capital Corporation's IPO tutoring, and recently completed the tutoring record in Shenzhen Securities Supervision Bureau. The news was announced only 20 days after BYD officially announced that it was planned to spin off BYD Semiconductor.
[Jiangling Motor: net profit for 2020 increased by 272.57% compared with the same period last year] Jiangling Motor (000550) released a performance forecast on the evening of January 21, showing a profit of 551 million yuan for 2020, an increase of 272.57% over the same period last year. In 2020, the company sold 330000 vehicles, including 92994 light buses, 128875 trucks, 65204 pick-up trucks and 44025 SUV. Total sales rose 14.15% from a year earlier.
[new Roewe RX5 MAX] on January 21, SAIC Roewe RX5 MAX added three 1.5T automatic transmission models with a price of 13.88-161800 yuan. Compared with the 2019 models, the starting price of the new car has increased by 20, 000 yuan, and the 1.5T manual model has been cancelled. By careful comparison, the prices of 300TGI automatic deluxe cockpit version and 300TGI automatic intelligent cockpit version remain unchanged, while the honorable version of 300TGI automatic intelligent cockpit is 3000 yuan more expensive than the old model, with additional configurations such as clip-proof electric tail doors, 256color atmosphere lights, BOSE stereo system, car air purifier and so on. The power is equipped with 1.5T turbocharged engine + 6-speed automatic transmission with a maximum power of 173 horsepower.
[Del shares: German CCI production and operation is stable and normal resumption of production is better] Del shares said on the interactive platform on the 21st that German CCI production and operation is stable and normal. Although the production capacity of CCI itself has been greatly reduced due to novel coronavirus's epidemic, since July 2020, it has resumed work and production better and can basically meet the needs of customers of major vehicle factories downstream.
[core sea science and technology signal chain MCU chip passed the vehicle specification level AEC-Q100 certification] recently, CSA37F62-LQFP48, the first automotive electronics project of core sea technology, has successfully passed the AEC-Q100 authoritative certification. The chip certified this time is a high-performance signal chain MCU chip, which contains a high-performance MCU core, a high-performance amplifier and a high-precision ADC, to support a variety of communication interfaces. The product can be applied to all kinds of pressure measurement, such as key pressure, seat pressure, etc., to enhance the scientific and technological sense and user experience of the cockpit.
(Tesla lost 40.1 billion yuan in blood last year, the big bears in the new year surrendered one after another, and the latest "surrender" is Jim Chanos) Jim Chanos, co-founder of Kynikos Associates, the world's largest short hedge fund and well-known short seller on Wall Street, is no longer short Tesla, but is still bearish on the stock, and has now turned all his stock positions into put options. On the same day, Oppenheimer more than doubled Tesla's target price from $486to $1036, compared with yesterday's closing price of $844, with a rating of outperforming the broader market. In the same month, Evercore ISI gave up being bearish on Tesla and upgraded Tesla's rating from weaker than the market to level with the market. According to news at the beginning of this month, Tesla's short sellers lost 40.1 billion US dollars last year, the biggest loss in history.
Bojun Science and Technology announcement, the company plans to build auto parts production base construction project in Wujin National High-tech Zone, Changzhou City, Jiangsu Province, with a total investment of 500 million yuan.
Follett announced that it signed a strategic cooperation agreement with Dongfang Risheng on the sale of photovoltaic glass, which will purchase photovoltaic calendered glass for 34GW (about 234 million square meters) from the company in the three years from 2021 to 2023, with an estimated contract value of about 8.908 billion yuan (including tax), accounting for about 94.85% of the company's total assets in 2019.
![Non-farm payrolls data was strong, platinum prices dropped sharply intraday, spot market trading was active [SMM Daily Comment]](https://imgqn.smm.cn/usercenter/nQsOk20251217171736.jpg)
