[overnight] US bond yields climb, US dollar strengthens, metals generally fall, Meibu crude oil tumbles more than 7%.
[macro Outlook] focus on the UK March Gfk Consumer confidence Index
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Yesterday, the outer plate metal rose and fell by nearly 0.7%, Lun copper fell nearly 0.7%, Lun Zinc fell nearly 1.8%, Lunni fell nearly 0.4%, Lunxi rose nearly 0.9%, Lunxi lead rose nearly 0.3%, Len copper came under pressure on Thursday because of a higher dollar and soaring yields on U.S. Treasuries. but supply concerns caused by copper concentrate shortages limited the decline. At one point in February, copper prices reached $9617 a tonne, the highest level since August 2011 and up more than 16 per cent since the start of the year. The price of copper is seen by investors as an indicator of the health of the economy. Analysts point out that over the past few weeks, copper and other base metals have struggled to find a clear direction because of macro market jitters and bond market panic. Domestically, international copper is down nearly 0.2%, Shanghai copper is down nearly 0.1%, Shanghai aluminum is down nearly 1.2%, Shanghai lead is down nearly 0.1%, Shanghai zinc is down nearly 1.2%, Shanghai nickel is down nearly 0.5%, and Shanghai tin is up nearly 0.7%.
The dollar index rose 0.46 per cent to 91.82 after earlier in the day falling to a two-week low of 91.30jue 10-year Treasury bond yields returned to recent gains, hitting a 13-month high of 1.754 per cent; yields rose faster than euro zone and UK Treasury bonds of the same maturity. as a result, the dollar was supported.
U. S. stocks closed lower on Thursday. The surge in U. S. bond yields helped banks outperform the market, while selling high-growth technology stocks. The number of initial claims for unemployment benefits in the United States rose to 770000 last week. The Dow fell 153.07 points, or 0.46%, to 32862.30; the Nasdaq fell 409.03 points, or 3.02%, to 13116.17; and the S & P 500 fell 58.66 points, or 1.48%, to 3915.46.
On Thursday, the Shanghai Composite Index rose 0.51% to 3463.07 points, with a turnover of 316.529 billion. The Shenzhen Composite Index closed at 13963.92 points, up 1.12%, with a turnover of 420.218 billion. The gem index closed at 2748.73 points, up 1.65%, with a turnover of 143.727 billion. The total turnover of the two cities is 736.747 billion. On the market, medical beauty, paper, silicone and other plates led the rise, agriculture, rare earths, coal and other plates led the decline.
LME inventory
Macro focus
[Ministry of Commerce: China and the United States will hold high-level strategic dialogue from March 18 to 19] Ministry of Commerce spokesman Gao Gao said that at the invitation of the US side, China and the United States will hold a high-level strategic dialogue from March 18 to 19. If there is any further information, we will release it in time.
Ministry of Finance: from January to February, the national general public budget revenue was 4.1805 trillion yuan, an increase of 18.7% over the same period last year. Of this total, the central general public budget revenue was 2.0458 trillion yuan, an increase of 18.7% over the same period last year, while the local general public budget revenue was 2.1347 trillion yuan, an increase of 18.7% over the same period last year. In the same period, stamp duty was 100.4 billion yuan, an increase of 65.5% over the same period last year. Of this total, the stamp duty on securities transactions was 66.5 billion yuan, an increase of 90.5% over the same period last year; and foreign non-financial direct investment fell 7.9% in terms of RMB compared with the same period last year.
According to news from the Shanghai Stock Exchange on March 18, in order to do a good job in risk prevention and control of the bond market and market construction this year, the Shanghai Stock Exchange recently organized a forum for securities firms on self-regulation of the bond market, which was attended by relevant member units of the Shanghai Stock Exchange. In accordance with the principle of supporting the superior and limiting the inferior, the Shanghai Stock Exchange will implement classified management, strengthen communication with member units, support and guide intermediary institutions to improve the quality of practice; at the same time, strictly compact the responsibilities of intermediary agencies, seriously deal with the application for registration with illness and continuous supervision and other cases of mere formality, and exercise strict supervision.
[Ministry of Commerce: the scope of foreign investment in the measures for Security Review of Foreign Investment mainly includes two aspects.] Gao Feng, spokesman for the Ministry of Commerce, said that the measures for Security Review of Foreign Investment clearly specify the scope of foreign investment that should be subject to security review, which mainly includes two aspects: first, investment in areas related to national defense and security, such as military industry and supporting facilities, as well as investment in areas around military facilities and military facilities; The second is to invest in nine areas such as important agricultural products, important energy and resources related to national security, and obtain the actual control of the invested enterprises.
[Eurostat: UK-EU trade fell sharply in January] on the 18th local time, Eurostat announced that bilateral trade between the UK and the EU fell sharply in January this year after Britain formally left the European Union. Of this total, EU exports to the UK fell 27.4 per cent from a year earlier, while British exports to the EU fell even more, to 59.5 per cent. Due to different statistical methods, the decline data released by Eurostat on the 18th was higher than that of the UK last week.
Today's focus
[recycled copper daily review: affected by the sluggish demand of cable enterprises] Guangdong bright copper tax-free cash withholding price of 59700-60000 yuan / ton, an increase of 200 yuan / ton compared with the previous transaction, and the price difference of fine waste was 2262 yuan / ton. expand 244 yuan. Affected by the depressed demand of downstream cable enterprises, and after the release of some demand, orders for recycled copper rods have deteriorated in the past two days. In order to speed up the recovery of funds, the factory sells copper poles at a low price. "View details
[SMM data] on March 18, SMM counted domestic electrolytic aluminum social inventory of 1.25 million tons, weekly accumulation of 22000 tons, South China Sea and Wuxi area growth slowed down, Gongyi area performance. "View details
[national Aluminum Bar inventory Weekly Review] on March 18, the output of aluminum rod market increased by 6000 tons to 70900 tons month-on-month last week, and downstream demand rebounded from last week. At present, aluminum bar inventory has fallen by 3900 tons to 232900 tons from the previous month. Among them, the depots in Changzhou and Huzhou areas performed well, with inventories falling by 2000 tons and 5000 tons respectively. "check the details
[aluminum bar spot daily review: base price climbing down aluminum bar processing fee pressure down market trading light] Today (3max 18) the domestic aluminum bar mainstream market processing fee rose slightly with the base price rising, and the price center of gravity moved down 30 yuan / ton compared with yesterday. Among them, most of the consignors in the South China market cut the processing fee by 20-40 yuan / ton before noon, and then the shipment was not smooth, and the price center of gravity in Wuxi market in East China was the same as that of yesterday, and the price center of gravity in Wuxi market in East China was the same as yesterday, and the price center of gravity in Wuxi market in East China was the same as yesterday. The market trading is light, the price center of gravity in Nanchang market is reduced by 30 yuan / ton, and the overall market response is mediocre. "check the details.
[current aluminum afternoon review] more and more empty continue to seek new game points, Shanghai aluminum narrow range operation before noon 17500-17600 yuan / ton, early trading of spot aluminum ingots in the East China market concentrated 17510-17550 yuan / ton, spot discount concentrated that month discount 40-20 yuan / ton, on the one hand aluminum ingot consignors are still willing to ship high, aluminum ingot spot market liquidity is relatively abundant, on the other hand, downstream procurement wait-and-see mood still exists, entry is still based on demand. "View details
SMM analysis: the policy of "double control of energy consumption" affects the geometry of zinc mine processing fees. what is the next step? From the perspective of zinc concentrate production in 2020, among the SMM mine sample enterprises, the impact of epidemic situation, rainy season and environmental protection was relatively low last year, and the main reasons for the decrease in zinc ore production were. From the point of view of the balance between supply and demand of domestic zinc mines in short period, there is still a shortage of domestic zinc mines in March. "View details
[minutes of the meeting: how will zinc prices operate in the next step when the shortage of zinc mines intensifies? At the online live conference hosted by SMM, Zeng Zihang, an analyst of the SMM zinc industry, delivered a keynote speech on "how zinc prices will operate in the next step after the aggravation of zinc mine shortage." at the meeting, they mainly shared with you: the recovery of zinc mine supply in March, whether processing fees will continue to fall; Production costs continue to move up, refined zinc production is difficult to return to the pre-festival high and March consumption recovery, pay attention to enterprise procurement and other hot topics. "View details
[SMM Nickel spot Daily Review: Jinchuan Nickel cost higher demand depends on rigid demand Russian Nickel reported more and less turnover] Nickel shot up and fell back in the (3x18) period today, and gradually returned to the 120000 mark after rising to around 122000 in the morning market. The spot price fluctuation is limited, the buyer purchase intention is not good, the intraday transaction situation is light. Quotation, Russian nickel is still quoted more than less, the market for Shanghai nickel 04 contract reported a rise of 200-400 yuan / ton, did not continue to reduce the price to wait and see the trend of the future. Jinchuan nickel as traders can only receive goods in Gansu in the near future, and after the reduction of factory shipments, the rising water range is difficult to fall, the Shanghai nickel 04 contract reported an increase of 4000-4200 yuan / ton. "View details
[nickel pig iron trading daily review: nickel price stainless steel continued weak operation Ni-Fe rising factors are difficult to find] the turnover of the nickel-iron market is relatively light, and there are fewer inquiries and quotations. except for value-protected goods, it still takes time for the two sides to reach agreement on the focus of negotiation. the logic of the short-term nickel market is still weak logic. on the premise that there is no substantial removal of nickel beans to the warehouse, the driving force for rising nickel prices is difficult to find, and the stainless steel market operates smoothly. Both of them have lower pull on Ni-Fe. It is expected that the Ferro-nickel market will remain weak in the short term. "View details
[SMM Analysis: what is the impact of the stainless steel market on the export tax rebate news of steel products? Recently, the news of adjusting the steel export tax rebate has attracted much attention from the market, and it is speculated that the relevant new rules will be launched from April. Tax rebate adjustments for related products focus on export tax rebates for products such as hot rolled and steel bars, and the tax rate may be reduced from 13% to 9% to curb exports, while with regard to stainless steel. "check details.
[minutes: in the context of "carbon neutralization" and look at the late trend of the steel market] SMM believes that in the short term, demand is still restrained, bullish expectations have been partly digested, compared with before the festival, the profit space of steel mills has also been opened, carbon neutralization of raw material prices is also a drag on prices, steel prices are still in the shock consolidation period. However, in the medium to long term, the room for demand to rise is significantly stronger than that of supply. The overall second quarter is still mainly bullish. "View details
[iron ore market daily summary review] today (3x18) even iron strong shock, the port spot market early quotation raised 5-10 yuan / ton. Due to the pull of the market, some merchants have less room for bargaining, while the steel mills have a serious price reduction, and the overall trading atmosphere in the market has weakened today. PB powder in Shandong area traded 1138 yuan / ton in early trading, up 13-18 yuan / ton compared with yesterday, while super powder traded 945 yuan / ton, up 5 yuan / ton compared with yesterday. According to market feedback, recently, the control of environmental protection production restrictions in Tangshan Fengrun and other areas has been slightly relaxed, but the Caofeidian area has issued another production limit notice, and later production restrictions and emission reduction are still expected to exist. "View details
[SMM hot coil inventory: supply and demand drive hot coil inventory to further expand] this week's total hot rolled coil inventory of 4.0913 million tons, compared with last week-264400 tons, month-on-month-6.07%, year-on-year-26.27%. This week, the hot volume continued to fall across the board, and the inventory decline was further expanded compared with last week. "View details
[SMM thread: falling warehouse inflection point as scheduled and waiting for steel price Xu Li to return] as of March 18, the country's total inventory of building materials was 17.3147 million tons, compared with-2.22%, and the lunar calendar was-17.4% compared with the same period last year. With the continuous recovery of terminal demand, the inflection point of thread inventory arrived this week as expected. "View details
[SMM billet commissioning rate: billet commissioning rate rebounded sharply, sustained doubts under high cost restraint] according to SMM research, as of March 18, the operating rate of billet steel mills was 81.43%, which was 50.43% higher than that of 31% in February and 7.14% higher than that of the same period last year. After the Spring Festival, the billet steel mills resume production and work more actively, but under the high cost and the restriction of production in some areas, it is difficult for some steel mills to reach full production. "View details
[SMM analysis: short-term disturbance does not change the medium-term strong trend of steel prices] according to SMM research, the operating rate of blast furnace calculated by SMM was 85.6% on March 18, rising 0.6% month-on-week and 1.2% month-on-month. This week, some blast furnaces in Tangshan area resumed production, leading to a slight pick-up in the operating rate. "View details
[Foshan stainless Steel Daily Review: some steel mills guide merchants to narrow profits and narrow short-term steel prices to see stable operation] according to SMM, cold and hot rolled steel prices of various departments in South China today remain weaker and stable than yesterday, and there is little room for bullish due to less demand in the short term. Among them, the recent price-raising operation of 200 series steel mills has narrowed the profit margin of market trade, and some of them sell goods at regular prices. In the middle and late March, in the case of market consumption off-season, rigid demand takes goods in general, but individual specifications have a preference for trading, and the cost of taking goods is higher, so the price drop in the market is limited. "View details
[high-carbon ferrochromium Daily Review on March 18, 2021] on March 18, the national high-carbon ferrochromium market temporarily operated smoothly. With the continuous weakness of the downstream stainless steel and nickel market, the upstream ferrochromium market sentiment was affected to a certain extent, and the industry was generally enthusiastic about sales and purchases. some people are mainly wait-and-see, the actual supply and demand situation, the current situation that ferrochromium supply is less than demand still exists. "View details
[SMM magnesium ingot spot KuaiBao] Today, the mainstream price of 999 magnesium ingot factory in Fugu area is 15300-15400 yuan / ton, the mainstream ex-factory price of 95B magnesium ingot is 15600-15800 yuan / ton; the mainstream transaction price of Wenxi area is 15600-15800 yuan / ton, and the mainstream transaction price of 95B magnesium ingot is 16000-16200 yuan / ton. As some factories chose to give prices to enter the market, the downstream, who held a wait-and-see attitude, chose to enter the market to complete the order due to the pressure of delivery, and the overall trading volume of the market increased. At present, there are still differences in the market's judgment on the future trend of magnesium prices. "check the details.
[SMM Electrolytic Manganese Daily Review: domestic Electrolytic Manganese bullish increased negotiation range] on March 18, the spot factory price including tax in the mainstream area of the manganese triangle was around 16200-16300 yuan / ton, up 150% from yesterday's average price; the spot ex-factory price including tax in Guangxi was around 16300-16500 yuan / ton, up 150% from yesterday's market price. "View details
[SMM Manganese Mine Daily Review] on March 18, the quotation range of imported manganese ores across the country remained stable today. After individual traders lowered 0.5 yuan / tonnage yesterday, the northern market sentiment decreased slightly, but the southern market operators remained optimistic. Guizhou and Chongqing resumed production and increased production actively after the Spring Festival, and the flood season in central and southern China in the future is more worthy of expectation, and individual manganese ore inquiries are positive. In the downstream, the stability of the southern market is stronger than that of the north recently, and the spot market of silicon and manganese in the north may continue to be weak and stable before the update of the policy in Inner Mongolia. Although the northern manganese alloy market may rebound slightly, the uncertainty of the relationship between supply and demand in the north may be a drag on prices.
Important news of metals and industry
[speed up the legislative work on the comprehensive utilization of mineral resources and comprehensively improve the level of comprehensive utilization of non-ferrous mineral resources] Duan Shaofu, director of the heavy Metals Department of the China Nonferrous Metal Industry Association: at present, China has not yet issued a law and regulations specifically aimed at the comprehensive utilization of mineral resources. this leads to the problem of overlap in the contents of these laws and regulations, as well as the phenomenon of disunity of concepts and implementation standards. Some even increase the burden of comprehensive utilization of enterprises in the course of implementation. Therefore, it is urgent to issue a targeted "Law on Comprehensive Utilization of Mineral Resources" to further promote the comprehensive conservation and recycling of mineral resources in China. "View details
[carbon neutralization reassessment of electrolytic aluminum] the scope of greenhouse gas accounting and reporting of electrolytic aluminum enterprises includes four aspects: emissions from industrial production processes, emissions from net purchased electricity and heat consumption, emissions from fuel combustion, emissions from the use of energy as raw materials. Among them, electricity and pre-baked anode are the main emission parts. In the case of high profit of electrolytic aluminum and strict control of carbon emissions, electrolytic aluminum enterprises tend to purchase high-quality anodes. "View details
[seven-day six-board Shunbo alloy: the rise in aluminum price cannot unilaterally generate excess income for the company] Seven-day six-board Shunbo alloy discloses the announcement of stock price changes, and the company's main business is the production and sales of recycled aluminum. The purchase price of waste aluminum, the main raw material, fluctuates in the same direction as the sales price of recycled aluminum, and the rise in aluminum price will also lead to an increase in the price of waste aluminum raw materials, which can not unilaterally generate excess income for the company.
[global Top2 aluminum power plant announces aluminum capacitor price increase] according to media reports, Japanese aluminum power plant Jiamei (Nippon Chemicon) and Nijikang (Nichicon), which rank first and second respectively in the world, have announced increases in aluminum capacitor prices one after another. Jiamei has issued a notice of price increase to the client, and domestic medium and large power plants have been informed one after another. On the 17th, downstream manufacturers sent out Nijikang's written notice of price increase, expressing the current difficulties to customers with a whole page of text. "View details
[China's lead production in January-February increased by nearly 30% year-on-year but much lower than in the fourth quarter of last year] according to data released by the National Bureau of Statistics, China's lead production in January-February was 1.109 million tons, an increase of 27.8% over the same period last year. The average monthly lead output from January to February is much lower than that in the fourth quarter of last year. According to market analysis, the outbreak of the Hebei epidemic in January disrupted logistics in the surrounding areas, affected lead smelters to a certain extent, and tightened supply. With the advent of the Spring Festival holiday, most small and medium-sized smelting enterprises entered a state of overhaul or holiday, resulting in a decline in production.
[gold] Swiss gold exports rose 25 per cent to 102.9 tons in February.
[Jinli permanent Magnet Annual report: year-on-year increase in net profit of 55.84% per 10 transfers] Jinli permanent Magnet announced that the company achieved a total revenue of 2.419 billion yuan in 2020, an increase of 42.58% over the same period last year, and the net profit belonging to shareholders of listed companies was 244 million yuan, an increase of 55.84% over the same period last year. It is proposed to distribute a cash dividend of 2 yuan (including tax) for every 10 shares to all shareholders, and 0 shares (including tax) for bonus shares, and increase 6 shares for every 10 shares to all shareholders with the Capital Provident Fund.
[polysilicon prices continue to rise more than 4% this week] according to the latest data released by the Silicon Branch of the Nonferrous Metals Industry Association, polysilicon prices continue to maintain an upward trend this week, with the trading prices of re-feeding materials, single crystal dense materials and single crystal cauliflower rising by 4% and 5%.
[the sixth round of coke lifting and reduction opened] Xinwu'an in Hebei said that due to the large increase in coke prices and the greater pressure on production costs affected by raw material prices, in order to return to reasonable coke prices and ease the pressure on the company's production costs, it has been decided that the price of coke will be reduced by 100 yuan per ton from 00:00 on March 19, 2021.
[Jiaozuo Wanfang's net profit of 568 million yuan in 2020 increased by 432.52% over the same period last year] Jiaozuo Wanfang released its annual report for 2020, realizing operating income of 4.744 billion yuan, down 0.36% from the same period last year; the net profit belonging to the owners of listed companies was 568 million yuan, up 432.52% from the same period last year; the net profit belonging to shareholders of listed companies after deducting non-recurring profits and losses was 573 million yuan, an increase of 440.77% over the same period last year. Basic earnings per share is 0.476 yuan, and it is proposed to pay a cash dividend of 0.5 yuan for every 10 shares (including tax). The net cash flow generated by operating activities was 828 million yuan, an increase of 13.93% over the same period last year. "View details
[Ningde Times intends to transfer 10% stake in Tianyi Lithium Industry and purchase more than 200000 tons of cathode materials for Yibin Libao] under the same fair price in the market, Ningde era has agreed to give priority to purchasing not less than 200000 tons of cathode materials produced by Yibin Libao in the next ten years. On the same day, Tianyuan shares also signed a property rights transaction contract with Ningde Times, intending to transfer a 10 per cent stake in Tianyi Lithium Industry to Ningde Times at a price of 58.35 million yuan. "View details
[iron ore market near-term worries and long-term worries remain] recently, iron ore futures market performance is quite intense, first in March 9 did not see a long time limit, and then showed a large range of fluctuations. We analyze what is the main logic of recent trading in the iron ore market and how market sentiment will change in the future. "View details
[national standard promotion and technical seminar on "recycled iron and steel raw materials" was successfully held in Zhangjiagang on March 16, sponsored by China Iron and Steel Association. Jiangsu Shagang Group Co., Ltd., Metallurgical Industry Information Standards Research Institute, China scrap Iron and Steel Application Association and Metallurgical Science and Technology Development Center successfully held the national standard promotion and technical seminar on "recycled iron and steel raw materials" in Zhangjiagang. More than 220 representatives from industry enterprises and institutions, scientific research institutes and universities attended the meeting. The meeting received strong support from China Metallurgical Sadie Group Co., Ltd., Anhui Changjiang Iron and Steel Co., Ltd., Wuzhou Yongda Iron and Steel Co., Ltd. "View details
[China Iron and Steel Association: this year's work is mainly focused on controlling production capacity, promoting iron ore investment, finding a low-carbon path, etc.] on March 17, the China Iron and Steel Association organized some iron and steel enterprises, such as Hegang and Angang, to hold steel market seminars to study and analyze the operation of the steel market. Luo Tiejun, vice president of the Steel Association, pointed out that at present, there are great differences between regions and varieties of the steel market, and strengthening industry self-discipline and stabilizing key areas is conducive to the stable development of the iron and steel industry and the industrial chain. At present, the downstream industry reflects the high cost, whether the downstream industry can successfully transmit the cost is worthy of industry attention, which will directly affect the steel demand. In addition, as overseas manufacturing industries gradually resume production, indirect steel exports may be affected. Centering on the major problems facing the industry, Luo Tiejun introduced the work that the association will focus on this year, mainly focusing on "controlling production capacity without increasing production capacity and ensuring effective supply; promoting iron ore investment and changing the pricing mechanism; grasping ultra-low emissions and finding a low-carbon path; line-to-standard tapping potential, stabilizing enterprise efficiency" and other four aspects. Finally, it responds to the problems concerned by enterprises, such as production restriction, import and export, carbon peak and so on.
[Lion Micro: 6-inch wafer products are currently in the process of a second round of price increases] Lion Micro said on the interactive platform that the company's 6-inch wafer products had already had a round of price increases in early 2021 and are currently in the process of a second round of price increases. Other large-sized wafers are currently communicating with customers to negotiate price increases.
[gold price rebound continues to rise Federal Reserve risk aftershocks are difficult to stop adding variables before the China-US meeting] Gold prices have continued to recover and are now firmly in the vicinity of US $1749. The Fed announced that it would keep interest rates unchanged, avoid signals of an immediate rate hike and raise economic forecasts, moderating market sentiment to push the dollar down and prop up gold's rally. Ahead of the upcoming high-level meeting between China and the United States, the latest risk may come from Chinese companies, which are seeking to reverse punitive measures taken by former President Donald Trump. But investors need to watch carefully the direction of US bond yields, and a sustained rise will still limit the upside of gold prices. "View details
[silicone DMC surged 30% this month related companies will be affected] recently, the prices of domestic organosilicon intermediates and downstream products have risen sharply. On March 17th, the highest spot price of organosilicon DMC in East China was 30200 yuan / ton, returning to the 30, 000 era. Most enterprises negotiate on a case-by-case basis according to the situation of the day and negotiate prices in real time. DMC export offer is US $4750 / ton. A number of large monomer companies have raised their quotations again, and WACKER recently announced that it will raise the global price of all its silicone products from April, with price increases ranging from 10% to 20%. Since the beginning of this month, the price of some products such as DMC has risen by 30%. The price of some products such as DMC, raw rubber and 107rubber has risen more than 60% from the lowest level in early December 2020. "View details
[Jinchuan Group "Technical Transformation Project of Cooperative disposal of expensive solid waste containing Copper by bottom blowing smelting Technology" was successfully put into production at 15:28 on March 7, 2021. After a series of preparatory work such as oven heating, the bottom blowing furnace of Jinchuan Group Copper Co., Ltd. was officially put into operation, marking the smooth commissioning of the technical transformation project of using bottom blowing smelting technology to coordinate the disposal of expensive solid waste containing copper. After the project is put into production, the raw material adaptability and impurity removal capacity of the smelting fire system will be greatly improved, the treatment capacity of complex gold concentrate and solid waste will be increased, and the energy consumption will be low, thus realizing the unity of outstanding economic benefits, remarkable social benefits and good environmental benefits. "View details
[Huada Technology plans to invest in the construction of new energy automobile magnesium alloy application and production project] on March 8, Huada Automotive Technology Co., Ltd. announced that Jiangsu Hengyi Auto parts Manufacturing Co., Ltd., a holding subsidiary of the company, plans to set up a joint venture with Wujiang Xinshen Aluminum Technology Development Co., Ltd. The project of high performance magnesium alloy application and local production of new energy vehicle battery tray is jointly invested in Zhongguancun Industrial Park in Liyang City, Jiangsu Province. the total investment of the project is no more than 363 million yuan, of which Jiangsu Hengyi plans to invest 254 million yuan. Xinshen Aluminum Industry plans to invest 109 million yuan. "View details
Terminal information
[Yiwei lithium soft pack battery capacity for 10GWh is currently full production and full sales] Liu Jincheng, chairman of Yiwei Lithium Energy, said at the second International Exchange of New Energy vehicles and Power batteries (CIBF Shenzhen): "(in the case of soft package batteries) we now have the capacity of 10GWh, and this year it is full production and full sales."
[new car sales in Europe fell 20 per cent year-on-year in February] industry data show that European car registrations fell 20.3 per cent to 850170 in February from a year earlier as a result of the epidemic blockade and accompanying uncertainty across Europe. Sales in several major European car markets showed double-digit declines, with Spain falling as much as 38 per cent.
[Volvo suspended or adjusted production in China and the United States in March due to lack of core] on March 17, Volvo said it would temporarily suspend or adjust auto production in China and the United States due to a shortage of spare parts in March due to a global shortage of semiconductor chips. Volvo expects the situation to get grim in the second quarter, so it decided to take steps to minimize the impact on production.
[SEMI: global fab equipment expenditure is expected to hit a record high for three consecutive years and increase by 15.5% in 2021] the International Semiconductor Industry Association ((SEMI)) today released its latest quarterly global fab forecast report, saying that the epidemic has led to a surge in demand for electronic equipment, and the global semiconductor industry is moving towards a rare record of fab equipment spending for three consecutive years, following an increase of 16% in 2020. This year and 2022 are expected to grow by 15.5% and 12%, respectively. During the three-year forecast period, global fabs will increase equipment spending by about $10 billion a year, eventually reaching the $80 billion mark in the third year.
[southern Electroweb: the five southern provinces will add 200 million kilowatts of new energy installed capacity in 2030] Liu Wei, spokesman for the Southern Electroweb Company, said at a news conference on the 18th that by 2030, the five southern provinces and autonomous regions will add 200 million kilowatts of new energy installed capacity, five times that of 2020, and non-fossil energy will account for more than 60 percent of the installed and generating capacity. According to Liu Wei, in order to serve the country's carbon peak and carbon neutralization deployment, Southern Electroweb will promote the development of new energy, the process of "new electrification" and the optimal allocation of energy resources across provinces, and build a new power system with new energy as the main body.
[Cenglian hui:2 monthly pickup market sales increased by 507% over the same period last year] according to Cenglian hui data, the market sales of 32000 pickup vehicles in February 2021, an increase of 507% over the same period last year, down 33% from the previous month, the pickup market at the beginning of the new year continues to maintain a super trend. The total number of pick-up trucks increased by 9% in 2020, which is also a strong growth compared to the strong growth of the pickup market in 2019. The growth of 139% from January to February this year is also a strong start. In recent years, pickup has become a new hot spot of the combination of passengers and businessmen, and its continuous performance is strong, but recently, the differentiation of pickup truck enterprises, the strong promotion of the main car enterprises, some traditional pickup truck enterprises are facing huge growth pressure.
[Zhaoyi Innovation: the company's wafer capacity increment is expected to be more than 30% this year.] Zhaoyi Innovation said in a recent institutional survey that the company currently maintains a comprehensive and close cooperative relationship with a number of wafer factories. In the current situation of very tight wafer capacity, the close cooperation between the company and the wafer factory brings stable production capacity to the company. The capacity increment of the company in 2021 is expected to be more than 30 per cent, which lays a solid foundation for the company's performance growth in 2021 and 2022.
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