[SMM Metal Breakfast] Shanghai Copper and Zinc rose more than 2% * Aluminum bar processing fees are strong and downstream receiving is active * guidelines for the implementation of standards for recycled copper and aluminum raw materials issued

"[overnight market] Shanghai copper, Shanghai zinc rose more than 2% and fell nearly 90 U.S. dollars. Gold futures hit a three-month high.

"[macro outlook] focus on euro zone May Sentix investor confidence index

Yesterday, most of the outer plate metal rose 2.94%, Lun Copper rose 0.9%, Lun lead rose 0.38%, Lun Zinc rose 2.68%, Lun Nickel rose 0.92%, Lunxi fell 0.99%, and Lun copper prices soared to record highs on Friday, driven by speculators and industrial buyers. Economic data are optimistic as the western economy recovers from the epidemic. Copper prices have soared 135 per cent since March last year, when demand from the epidemic and blockade hit lows. The green revolution in electric cars and renewable energy has boosted demand and pushed up the price of copper. Domestically, international copper rose 2.08%, Shanghai copper rose 2.12%, Shanghai aluminum rose 0.76%, Shanghai lead was flat, Shanghai zinc rose 2.64%, Shanghai nickel rose 0.28%, and Shanghai tin fell 1.68%.

The dollar fell to a more than two-month low on Friday after US jobs data for April were much lower than expected, dampening hopes that a strong recovery would boost interest rates and boost the dollar. According to data released by the US Labor Department on the 7th, the US non-farm sector created 266000 jobs in April, and the unemployment rate was basically the same as the previous month, at 6.1 per cent. The above figures are much lower than the market consensus that "job creation will increase by 1 million in April".

U. S. stocks closed higher on Friday, with the Dow and S & P 500 hitting new intraday and closing highs. Us non-farm payrolls data for April were much weaker than expected, convincing investors that ultra-loose monetary policy would last longer. Biden said the non-farm data showed that the U.S. economy was still recovering, and Republicans blamed the huge stimulus for causing the unemployed to receive benefits instead of looking for jobs. The Dow rose 229.23 points, or 0.66%, to 34777.76; the Nasdaq rose 119.39 points, or 0.88%, to 13752.24; and the S & P 500 rose 30.98 points, or 0.74%, to 4232.60.

On Friday, the Shanghai Composite Index closed at 3418.87 points, down 0.65%, with a turnover of 411.079 billion. The Shenzhen Composite Index closed at 13933.81 points, down 1.95%, with a turnover of 472.804 billion. The gem index closed at 2910.41 points, down 3.46%, with a turnover of 147.241 billion. The total turnover of the two cities is 883.883 billion. On the disk, coal, quarry mining, graphite electrodes and other plates led the rise, while medical beauty, medical devices, semiconductors and other plates led the decline.

LME inventory

Macro focus

General Administration of Customs: from January to April, China's imports and exports totaled 11.62 trillion yuan, an increase of 28.5 percent over the same period last year and 21.8 percent more than the same period in 2019. Of this total, exports totaled 6.32 trillion yuan, up 33.8 percent over the same period last year, up 24.8 percent over the same period in 2019; imports totaled 5.3 trillion yuan, up 22.7 percent and 18.4 percent over the same period in 2019; and the trade surplus was 1.02 trillion yuan, an increase of 149.7 percent over the same period last year. ASEAN, the European Union, the United States and Japan are China's top four trading partners, with imports and exports of 1.72 trillion yuan, 1.63 trillion yuan, 1.44 trillion yuan and 770.64 billion yuan respectively, up 27.6%, 32.1%, 50.3% and 16.2% respectively.

Safe: at the end of April, foreign exchange reserves totaled US $3.1982 trillion, an increase of US $28.151 billion from the previous month, the largest increase in four months. Gold reserves were $110.732 billion, up $4.799 billion from the previous month; gold reserves were at 62.64 million ounces, unchanged from last month.

[ping an Securities comments on China's Foreign Trade data for April: ASEAN's exports to China have increased significantly] Ping an Securities believes that China's exports will remain resilient in the short term. Despite the disturbance of a resurgence of the epidemic, the global economy will continue to recover and external demand will continue to expand rapidly. The resumption of work and production in ASEAN and other countries and regions will also increase the import demand for China's raw materials and intermediate products. We expect China's exports to remain resilient in the first half of the year, and in the second half of the year, with the gradual peak of economic recovery in Europe and the United States and the gradual promotion of vaccination in non-developed countries, the downward pressure on exports, especially year-on-year readings, may Imports, on the other hand, have room for year-on-year readings to rise in the second quarter as China's economy remains resilient, commodity prices remain high and last year's low base.

Us: in April, non-farm payrolls increased by 266000, with an estimated increase of 1 million, compared with a previous increase of 916000; the unemployment rate was 6.1 per cent, 5.8 per cent and 6 per cent.

[us consumer borrowing grew faster than expected in March] US consumer credit grew faster than expected in March, highlighting the increased willingness to borrow as economic activity resumes. Data show that US consumer credit rose by $25.8 billion in March, up 7.4 per cent from a year earlier. Revolving credit, including credit cards, rose $6.4 billion this month, after rising $8 billion last month, while non-revolving credit, including car and school loans, jumped $19.4 billion, the highest since June. Demand for cars has been strong, but supply is constrained by a global shortage of semiconductors. The widespread increase in borrowing is a sign of growing consumer confidence as checks for government stimulus measures go into circulation, vaccinations are widely available and states fully relax or lift restrictions.

Today's focus

[SMM industry dynamic tracking: returning from the May Day holiday, copper prices skyrocketed, Shanghai Copper 2016 contract rose again, hitting a high of 74950 yuan / ton in late trading, up as high as 2.63%; Lunzhong set a new record high of 10386 US dollars / ton. After the festival, copper prices rose sharply again, which led to the fear of heights among downstream copper processing enterprises, and high copper prices continued to restrain terminal consumption. This week, SMM investigated the resumption of production and orders of some copper processing enterprises after the festival. The specific industries are as follows. "View details

According to some recycled copper rod manufacturers, sales of recycled copper rods are very hot, mainly with traders, but it is difficult to replenish enough recycled copper from the market. Forced to suspend the sale of recycled copper rods. Overall, copper prices are rising strongly, recycling outlets and large cargo yards are reluctant to sell, and cautious shipments, but the strong demand for recycled copper, bright copper and other supply circulation is tight, transaction prices closely keep up with the market increase, manufacturers more difficult to purchase. "View details

Summary of viewpoints: how long can the frenzied rise in copper prices last when Lun Copper set an all-time high? According to SMM analysis, in terms of macro data, the number of Americans who applied for unemployment benefits for the first time in the week of May 1 was 498000, with an expected number of 538000, with a previous value of 553000, the lowest since March 14 last year. The Bank of England interest rate resolution released to maintain the benchmark interest rate and the total size of bond purchases remain unchanged, in line with market expectations, is expected to raise the key interest rate in the second quarter of 2023, market sentiment is more optimistic in the short term, US economic data continue to strengthen, but the US dollar did not follow the upward trend. Yesterday, the dollar weakened sharply, the LME copper price station 10,000 yuan mark, in the short term to increase long position confidence, copper prices still have upward space. "View details

[guidelines for the implementation of Standards for recycled Copper and Aluminum Raw Materials "issued recently, the National Technical Committee for Standardization of Nonferrous Metals issued a notice on the implementation of Standards for recycled Copper and Aluminum Raw Materials. The three national standards of GB/T 38470-2019 "recycled Brass Raw Materials", GB/T 38471-2019 "recycled Copper Raw Materials" and GB/T 38472-2019 "recycled cast Aluminum Alloy Raw Materials" were formally implemented on July 1, 2020. "View details

[aluminum bar spot daily review: aluminum bar processing fees strong downstream receiving mood] May 7 aluminum prices continued to soar again to a new high, SMM aluminum prices rose 540 yuan / ton to 19690 yuan / ton compared with yesterday, domestic aluminum bar processing fees are still strong, downstream receiving sentiment is also positive, the holder has the phenomenon of hesitation to sell. However, there are signs of a reduction in processing fees during the trading session, and the overall transaction before noon is OK. "View details

[SMM aluminum rod processing fee daily review: aluminum rod processing fee keeps running steadily] 5.1 Aluminum prices have risen all the way in the two working days after the festival. On May 7, the spot price of SMM East China A00 aluminum ingot recorded 19690 yuan / ton, which was reduced by 130 yuan / ton compared with the previous month, with a cumulative increase of 860 yuan / ton after the festival. Aluminum rod processing fees remained stable and shipped mainly, downstream cable factory procurement decreased, large enterprises' rigid demand mainly, small and medium-sized enterprises wait and see procurement. Few transactions, aluminum prices by leaps and bounds in the context of the domestic aluminum rod processing fees to maintain a stable operation. "View details

[aluminum prices surged more than expected. Aluminum prices rose nearly 20000 yuan / ton again on May 7. Due to unknown price trends in the later period, waste aluminum recyclers generally hesitated to wait and see to sell, more than began to quote in the afternoon, but the willingness to accept orders is still generally low. Today, recyclers quoted cooked aluminum up 400 yuan / ton, raw aluminum rose 200 yuan / ton. "View details

[aluminum prices continue to break through new highs and recycled aluminum prices continue to rise] after the May Day holiday, aluminum prices are still strong, breaking through nearly 10-year highs for two days in a row, rising 540 yuan / ton on May 7, while recycled aluminum rose sharply at the same time. Domestic prices, domestic large recycled aluminum enterprises quoted a rise of 18600 yuan / ton to 18600-19100 yuan / ton; small and medium-sized plants, quotation also raised 400 yuan / ton to 18700-18900 yuan / ton. "View details

According to SMM, as of Friday, the total inventory of lead ingots in the five places reached 66700 tons, up 4100 tons from last Friday, and basically unchanged from Monday. "View details

[SMM data: SMM Seven zinc ingots social inventory increased by 2200 tons compared with last Friday] according to SMM, as of Friday, SMM Seven zinc ingots inventory totaled 182300 tons, an increase of 2200 tons compared with last Friday. "View details

[zinc ingot inventory in the SMM bonded area increased by 300t] according to SMM, as of Friday, the inventory of zinc ingots in the Shanghai Free Trade Zone was 43400 tons, an increase of 300 tons from last Friday. The import window remained closed this week, and the import loss further expanded, some of the incoming goods entered the bonded area, and the inventory in the bonded area stopped falling and rebounding.

[SMM Silicon inventory reduced Metal Silicon Social inventory] SMM statistics Metal Silicon Social inventory totaled 47000 tons, a decrease of 3000 tons compared with last week. Inventories in Huangpu and Tianjin Port were the same as last week, while more shipments in Kunming fell during the May Day holiday. In the southwest resumption of production capacity has not been released under the premise of metal silicon social inventory will continue to maintain a downward trend. "View details

[SMM Electrolytic Manganese Daily Review: terminal stock tends to wait and see manganese price is weak and stable] after the festival, terminal merchants do not have much demand for stock, and manganese prices are limited in the short term, but most manufacturers basically resume production, and when the supply increases, the trend of manufacturers selling goods under pressure is obvious. Before the festival, some manufacturers have concentrated on 15800 yuan / ton to negotiate and conclude a deal, although the overall willingness of more low-cost source merchants to ship goods is not strong. However, there is no multi-factor support of manganese price, so SMM believes that manganese price may remain weak and stable in the short term. "View details

[Ministry of Commerce: aluminum prices rose 2.5% last week (April 26 to May 2). According to the Ministry of Commerce, the market price of edible agricultural products last week (April 26 to May 2) fell 0.1% compared with the previous week (the same below). The market price of the means of production rose 1.2% over the previous week. The price of non-ferrous metals increased, with copper, aluminum and zinc rising 4.3%, 2.5% and 1.7% respectively.

[SMM Manganese Mine Daily Review] on May 7, the overall quotation for manganese ore across the country was stable, the quotation from Tianjin Port went up somewhat, the port inventory dropped relatively, Qinzhou Port was slow to pick up goods, the overall shipment was still slow, and the transaction in the manganese ore market was relatively flat. Steel mill bidding is about to start in May, and the market is in a wait-and-see state. Combined with downstream construction and relevant import policies, manganese ore confidence is expected to improve slightly.

According to SMM, as of Friday, the total inventory of pure nickel in the six places of SMM was 27451 tons, an increase of 0.6% compared with the 163tons of base warehouse last Friday, of which the social inventory of nickel beans ranged from 400 tons to 6000 tons. Due to the small change in inventory this week due to the May Day holiday, there continued to be customs clearance of non-duty-free nickel beans in Shanghai, while hundreds of tons of Jinchuan nickel arrived in Shanghai. Warehouse receipt goods continue to flow out in Jiangsu, while there are small warehouses in other places. SMM3 social inventory warehouse 102t to 26481 tons, six places warehouse 163t to 27451 tons. "View details

[the inventory of pure nickel in Shanghai Free Trade Zone is flat for the third week in a row] according to SMM research, the inventory of pure nickel in Shanghai bonded area on Friday is unchanged from last Friday, still at 9300 tons. As the domestic market was closed after the May Day holiday, and Lunni rose sharply during this period, the loss on imports of nickel plates expanded, so foreign trade in the bonded area was light this week, and pure nickel in the bonded warehouse was flat for the third week in a row. "View details

[SMM data: China's titanium dioxide production data in April 2021] China's titanium dioxide production in April 2021 was 319865 tons, down 2.75% from the previous month and an increase of 10.30% over the same period last year. "View details

[SMM high titanium slag spot KuaiBao: high titanium slag quotation is higher] May 7, the domestic mainstream price of high titanium slag is 7800-8300 yuan / ton, the price is 200 yuan / ton higher than yesterday. "View details

[SMM magnesium ingot spot KuaiBao: strong rise in coal prices support rapid rebound in magnesium prices] May 7, Fugu area 90 magnesium ingot mainstream factory price 17500-17600 yuan / ton, 95B magnesium ingot mainstream factory price 17800-18000 yuan / ton; Wenxi area 90 magnesium ingot mainstream transaction price 17800-18000 yuan / ton, 95B magnesium ingot mainstream transaction price 18200-18400 yuan / ton; than yesterday's overall market price increased by 300 yuan / ton. Affected by the continued rise in coal prices, magnesium factory cost end support is strong, price sentiment is strong, some customers are bearish before the festival. "View details

According to statistics from the General Administration of Customs of China, in April, China imported 98.566 million tons of iron ore and its concentrate, up 3.0% from January to April, while China imported 381.975 million tons of iron ore and its concentrate, an increase of 6.7% over the same period last year. "View details

[titanium dioxide rose sharply in response to the rising price tide] on May 7, the titanium dioxide plate strengthened. By the close of the afternoon, Longyanbai rose more than 6%, Anning shares, Panzhihua Vanadium and Titanium rose more than 5%, Jinpu Titanium Industry and Anada rose more than 4%. Huiyun Titanium Industry, medium Nuclear Titanium dioxide, Lubei Chemical Industry and so on rose. According to statistics, this price increase is the fifth time that enterprises have raised the price of titanium dioxide since 2021. The price increases of titanium dioxide enterprises for many times are due to the domestic and international titanium dioxide market demand and the rise of raw material prices and other factors. "View details

[SMM analysis: holiday market good news fermented iron ore soars again in the afternoon] fundamentals, recently, due to the continuous decline in the volume of iron ore to the port, port inventories have also fallen for two consecutive periods, and structural problems in ore ports still exist, contributing to the rapid rise in iron ore prices. SMM believes that from the point of view of the departure of Australian iron ore, there are still incremental expectations when iron ore arrives in Hong Kong after the festival. After the rapid rise in the price of superimposed raw materials, the profit increase of steel mills is limited, but there is no pressure on iron ore supply and demand in the short term, and iron ore prices may be dominated by high prices. "View details

[steel exports surged 26.17 percent in April compared with the same period last year] Customs data show that China's steel exports in April were 7.973 million tons, up 5.7 percent from the previous month and 26.17 percent from the same period last year, with monthly exports reaching the highest level since 2017.

[SMM indium bismuth analysis: a brief analysis of the changes of the indium bismuth market after the end of the environmental protection inspector] although after a month of environmental protection inspectors, the prices of various small metals, including antimony, bismuth and indium, showed a significant downward or weakening trend throughout April, especially antimony and bismuth, so in May after the completion of this environmental supervision, or even throughout the second quarter, Where will the price of bismuth and indium mainly from Hunan, Guangxi and Yunnan go? "View details

Important news of metals and industry

[Zijin Mining Congo (Kinshasa) Kakoula Copper Concentrator is basically completed] at present, Zijin Mining's Congo (Kinshasa) Kamoa-Kakoula Copper Mine Phase I of the first sequence of 3.8 million tons / year mineral processing facilities has been completed about 98%, and the concentrator is basically completed. The first three stages of production preparation work has been successfully carried out, and the fourth stage of commissioning with materials is about to be entered ahead of schedule. The first batch of copper concentrate production is expected to be achieved in late this month or early June, significantly ahead of the original plan.

[iron ore and copper drive Australian exports] according to reports, Australian Federal Resources Minister Keith Pitt (Keith Pitt) predicted on Wednesday that the record high iron ore prices will bring Australia's iron ore exports to A $136 billion in fiscal year 2020, an increase of nearly 30% from A $103 billion in fiscal year 2019. He said the rise in mineral prices showed once again that Australia is a reliable and stable supplier and that the mining industry will play an important role in economic recovery after the epidemic.

Where is the future price of copper hitting an all-time high? The price of copper soared to an all-time high. Optimism about a rebound in the global epidemic has pushed commodity markets sharply higher. Stimulus measures and the introduction of vaccines have boosted the prospect of a recovery in demand, which is bound to put pressure on supply, while the key role of copper in the green energy transition will support longer-term growth. "View details

[Lun Copper stands firm in the "five digits" high copper price suppresses processing industry profits] at present, the continuous rise in copper prices makes it very difficult for processing enterprises to do. Affected by high copper prices, some copper demand, copper rod orders have dropped significantly, and wire and cable orders have decreased significantly. Research shows that high copper prices have forced cable companies to delay delivery or stop some production lines due to financial pressure. "View details

[copper] General Administration of Customs: China imported 484899.7 tons of unwrought copper and copper materials in April 2021; imported 1920550 tons from January to April, an increase of 9.9 percent over the same period last year; imported 1.921 million tons of copper ore and its concentrate in April; and imported 7.883 million tons from January to April, an increase of 4.4 percent over the same period last year.

[Soochow Futures: green energy transformation drives demand growth copper prices may hit high before] after the epidemic, China took the lead in moving closer to the normalization of fiscal and monetary policy. Infrastructure investment rose slightly from January to March compared with the same period in 2019. Consumption growth and economic growth are also close to the long-term trend. Copper faces the ceiling in China's traditional consumption, but demand in the clean energy sector will make up for the decline in copper consumption in traditional areas. "View details

[Yunnan Aluminum 500000 tons green low-carbon hydro-aluminum integration project successfully passed the acceptance of "reaching production and reaching standards"] April 28-29, an expert examination team composed of Science and Technology and Development Department, Financial assets Department, production quality Management Department and Internal Audit Department of Aluminum Corporation of China went to Yunnan Aluminum to check and accept the 500000-ton green low-carbon hydro-aluminum integrated fixed assets investment project "reaching production and reaching standards".

[exports of unwrought aluminum and aluminum products fell 1.4 per cent in April] according to data released by the General Administration of Customs, exports of unwrought aluminum and aluminum products in April were 437300 tons, down 0.89 per cent from the same period last year and 1.4 per cent from the same period last year. Exports totaled 1.7227 million tons from January to April 2021, an increase of 5.8 per cent over the same period last year with a total of 1.628 million tons from January to April 2020.

According to the annual performance report released recently, the net profit belonging to shareholders of listed companies in 2020 was about 128 million yuan, down 19.28 percent from the same period last year, and the operating income was about 991 million yuan, an increase of 0.03 percent over the same period last year. According to the 2020 annual report, Yitai shares' main business is the aluminum die-casting industry, accounting for 98.29% of revenue.

[South Korea continues to impose anti-dumping duties on Chinese aluminum pre-coated photosensitive panels] on May 3, 2021, the South Korean Ministry of Planning and Finance issued notice No. 2021-99, saying that in accordance with order No. 852 of the Korean Ministry of Planning and Finance, the anti-dumping duty on (Presensitized Aluminum Plate for offset Printing) on aluminum pre-coated photosensitive panels originating in China shall be maintained in accordance with order No. 634 of September 7, 2017. the duty rate has been adjusted to 8.78% and 10.32%, effective May 3, 2021. It is valid for 5 years. The Korean tax code of the product involved is 3701.30.9100.

[Indonesia's Timah refined tin production fell 63.1% in the first quarter compared with the same period last year] Indonesia's PT Timah, one of the world's largest tin producers, announced on Friday that refined tin production fell 63.1% in the first quarter compared with the same period a year earlier. The company produced 5220 tons of refined tin in the first quarter, compared with 14133 tons in the same period last year. "View details

[Indonesian Ministry of Trade: Indonesia exported 7007.29 tons of tin in April up 66% from a year earlier] Indonesia's Ministry of Trade data released on Friday showed that Indonesia exported 7007.29 tons of refined tin in April this year, an increase of 66% over the same period last year and 16% over the previous month. "View details

[Grammy: strive to reach 200000 tons of production capacity of ternary precursors in 2021] recently, in a survey conducted by investor institutions, Greenmei said that in 2020, the company's ternary precursors have formed a production capacity of 130000 tons per year, and cobalt tetroxide has formed a production capacity of 25000 tons per year. The company controls a controlling stake in the Indonesian nickel resources project to build a lasting and strong driving force for nickel resources.

190 million pounds! Ganfeng Lithium intends to acquire Sonora Project, one of the largest lithium resources projects in the world] on May 6th, Ganfeng Lithium (01772.HK) announced that it agreed to make an offer to acquire all issued shares of Bacanora (except Shanghai Ganfeng already held shares) with its own funds, with a transaction value of no more than 190 million pounds.

[lithium] American Lithium Industry Bulletin: according to the company's first-quarter operating report, the Cauchari-Olaroz Lithium Salt Lake project will be put into production in mid-2022, with a capital expenditure budget of US $641 million in 2021, an increase of 13%. 2021Q1 has invested US $426 million in the; Thacker Pass lithium project. The results show that Phase 1 has a production capacity of 3-35000 tons. LCE, is expected to produce the first lithium concentrate by the end of 2021. The company is planning to build a lithium hydroxide plant with an annual capacity of 20,000 tons.

[Zhangyuan Tungsten Industry long order quotation for the first half of May 2021] A few days ago, Chongyi Zhangyuan Tungsten Industry Co., Ltd. announced the long order quotation for the first half of May. The specific quotations are as follows: 1. Wolframite concentrate (WO3 ≥ 55%): 95000 yuan / standard ton; 2. Scheelite concentrate (WO3 ≥ 55%): 93500 yuan / standard ton; 3. Ammonium paratungstate (national standard zero): 145500 yuan / ton. Note: the above unit price includes 13% VAT. "View details

[Baichuan shares: trial production of 5000 tons of graphite anode material project] on May 7, Baichuan shares announced that the company's non-public offering fund-raising project, "5000 tons of graphite anode material project with an annual capacity of 5000 tons", has completed the construction of the main body of the project and the installation and commissioning of the equipment. the trial production plan and equipment trial production conditions have been reviewed and approved by the expert group, and began to enter the trial production stage.

[Japanese silicon production for semiconductors will grow by 5 per cent in 2021] according to data released by the Japan New Metals Association, domestic production of silicon (monocrystalline silicon) for semiconductors in Japan is expected to increase by 5 per cent over 2020 to 9885 tons in 2021. Production will increase for two consecutive years, second only to the all-time high of 10034 tons in 2018.

[lithium futures contracts are difficult to impact the existing trading system in the short term: long-term industrial chains will benefit] "as the current pricing of lithium products follows market fluctuations, lithium futures contracts have little impact on actual sales in the short term." In response to the launch of the world's first lithium futures contract, a lithium product manufacturer said, "but in the long run, a more transparent and reasonable price system will be formed, and the industrial chain will benefit." "View details

According to the latest measures issued by the Ministry of Industry and Information Technology (hereinafter referred to as the capacity replacement method), the production capacity of the iron and steel industry will continue to be compressed, and low-carbon technologies such as EAF steelmaking and hydrogen metallurgy, as well as mergers and acquisitions will be encouraged. From the feedback of listed iron and steel companies, the current capacity replacement method has not had a substantial impact, and long-process steelmaking is still the best realistic option. "View details

[continental Group plans to completely split Weili Technology in September with sales of 10.3 billion euros in the first quarter] A few days ago, the technology company Continental Group announced its first-quarter results. According to the financial report, the group's sales reached 10.3 billion euros in the first quarter, up 3.5% from the same period last year, while net income was 448 million euros, up 53.1% from the same period last year. "from an operational point of view, we have had a good start to the fiscal year, especially in China." Mr. Szeto Chul, CEO of Continental Group, said.

Where will iron ore go in the future? Looking forward to May, the demand intensity of terminal steel will be weakened. The removal speed of finished materials will slow down, and short-term prices may be adjusted back from high levels, which will form negative feedback on iron ore prices. From a medium-term point of view, if crude steel production is expected to be achieved, then the global crude steel will face a gap, high profits will continue, with long-term support for mineral prices. Just due to the excessive increase in the previous period, coupled with the recent adjustment of tariffs on some iron and steel products, the news is good for iron ore demand. It makes the iron ore plate have the demand of technical adjustment in the short term. "View details

[Fushun Special Steel: the company's main raw materials do not include iron ore] some investors asked on the investor interactive platform: what is the iron ore self-sufficiency rate of your company? If mining iron ore, what is the output of iron ore? If the parent company's iron ore plant is not listed as a whole, please give details. Fushun Special Steel (600399.SH) said on the investor interactive platform on May 6th, "Hello, investors!" Iron ore is not included in the company's main raw materials. Thank you for your attention to the company. "View details

Terminal information

[BYD's new energy vehicle sales rose 128.53% in April compared with the same period last year] BYD announced on May 7 that it sold 45234 vehicles in April, an increase of 42.21% over the same period last year. From January to April, car sales totaled 149379, an increase of 60.48% over the same period last year. Among them, sales of new energy vehicles totaled 80413, an increase of 128.53% over the same period last year.

[GAC GROUP's April car sales increased by 12.52% over the same period last year] on May 7, GAC GROUP announced that it had sold a total of 187096 cars in April, an increase of 12.52% over the same period last year, an increase of 683656 vehicles from January to April, an increase of 44.73% over the same period last year.

From January 4 to May 6, 2021, Xianhui Technology has received a total of about 292 million yuan (excluding tax) for all kinds of contracts and fixed-point notices received by Xianhui Technology and its subsidiaries from January 4 to May 6, 2021. [Xianhui Technology frequently won orders from Ningde Times for New Energy vehicles with intelligent equipment revenue of 370 million yuan last year] from January 4 to May 6, 2021. In addition, Xianhui Technology and Funeng Technology (Zhenjiang) Co., Ltd. signed three module line procurement contracts on January 12, with a cumulative contract amount of 343 million yuan (including tax).

[Changan Automobile: car sales rose 26.78% in April compared with the same period last year] Changan Automobile announced that car production in April was 204400, up 21.97% from the same period last year, and sales were 202280, up 26.78% from the same period last year. From January to April, the company produced a total of 796500 vehicles, an increase of 79.5% over the same period last year, and sales of 843300 vehicles, an increase of 82.32% over the same period last year.

[China Automobile Circulation Association: auto sales are expected to continue to pick up in May] the China Automobile Circulation Association released the latest "Automobile consumption Index": the automobile consumption index in April was 74.4, and car sales are expected to continue to pick up in May, and the market performance is stable. According to the sub-index that makes up the automobile consumption index, the demand sub-index for April 2021 was 86.0, up slightly from the previous month, and consumer demand for cars is expected to increase in May.

[renewable energy and lithium electric energy storage signed cooperation with Mingyang Intelligence in Ningde era for the first time] according to the cooperation agreement, the two sides will establish a comprehensive strategic partnership in the areas of "scenery storage" integration and "source network charge storage" integration, that is, "two integration". The two sides will design, develop, invest, construct, operate and maintain energy storage system products and "two integration" projects. As well as the development and application of new technologies to carry out all-round cooperation. At the same time, in view of the application of energy storage in the field of new energy power generation, the two sides will jointly study the energy storage system products applied to the power generation side of new energy, jointly study the new mode of new energy plus energy storage, and jointly promote the demonstration and application of the new model.