[SMM Metal Morning reference] Metal general rise | Shanghai tin brushes a new high again | the raw material supply is tight and the price of recycled aluminum remains stable.

The market closed overnight.

Yesterday, the outer plate of metal rose 1.56%, Lun copper rose 1.26%, Lun lead rose 1.37%, Lunzn zinc rose 1.61%, Lunni rose 1.59%, Lunxi rose 0.99%, and Lunchu rebounded on Tuesday as concerns about supply in Chile, the main producer, intensified, but concerns about Chinese demand and a stronger dollar reduced optimism about copper prices. On the domestic front, non-ferrous metals were red across the board, with international copper up 1.31%, Shanghai copper up 1.21%, Shanghai aluminum up 1.59%, Shanghai lead up 0.45%, Shanghai zinc up 0.81%, Shanghai nickel up 1.6%, Shanghai tin up 2%, and at one point in intraday trading it rose to 238930 yuan per ton, setting a new all-time high.

The dollar rose 0.09 per cent to 93.05, hitting 93.14, its highest level since July 21, while the yield on the 10-year Treasury note rose 1.9 basis points to 1.34 per cent. Us inflation data released on Wednesday are expected to provide more clues to potential policy action by the Fed.

U. S. stocks closed mixed on Tuesday, with the Dow and the S & P 500 setting intraday and closing highs. The U.S. Senate passed a $1 trillion infrastructure bill. Investors are weighing the rapid spread of the delta strain and its impact on consumer spending and economic activity. The Dow rose 162.82 points, or 0.46%, to 35264.67; the Nasdaq fell 72.09 points, or 0.49%, to 14788.09; and the S & P 500 rose 4.40 points, or 0.10%, to 4436.75.

In terms of crude oil, international crude oil futures rose 3% on Tuesday, rebounding from the recent decline, despite a surge in novel coronavirus infection, but there are signs of increased fuel demand in the United States.

In terms of precious metals, international gold prices rose slightly on Tuesday, with a sharp sell-off suspended as concerns about the economic impact of the Delta variant lingered, but rising dollar and bond yields continued to weigh on the gold market.

LME inventory

Macro focus

Central bank: on Tuesday, a seven-day reverse repurchase operation of 10 billion yuan was carried out, and the winning interest rate was 2.20%. On the same day, the reverse repurchase of 10 billion yuan expired, achieving zero investment and zero redemption.

[it is expected that the central bank may hedge the risk by means of replacement or targeted reserve rate cuts in the fourth quarter] CITIC Securities Research pointed out that the overall tone of the policy reflected in the freight report for the second quarter of 2021 has not changed. basically consistent with the policy signal released by the Politburo meeting on July 30, we believe that the follow-up monetary policy will reflect the characteristics and characteristics of "more stable and more predictable". In view of the fact that economic growth may face certain downward pressure for some time in the future, under the policy thinking of "enhancing macro policy autonomy", we expect that the central bank may hedge risks by means of replacement or targeted reserve rate cuts in the fourth quarter, but the possibility of changes in policy interest rates is still on the low side.

Everbright Securities: monetary policy in the second half of the year is easy to loosen but hard to tighten. Everbright Securities pointed out that the monetary policy implementation report for the second quarter of 2021 as a whole continued the Politburo meeting's outlook for the economic situation and the tone of monetary policy. Compared with the first quarter, policy makers' doubts about the economic situation at home and abroad have risen, believing that "the sustainability of economic growth momentum faces certain challenges." Under the policy framework of strengthening cross-cyclical adjustment, foresight and autonomy in monetary policy, we believe that monetary policy is easy to loosen but difficult to tighten in the second half of the year, and there is the possibility of interest rate cuts, reserve requirement cuts and structural monetary easing in the fourth quarter.

[the amendment to the encryption clause of the Infrastructure Act has not been unanimously agreed by the US Senate] the amendment to the encryption clause in the Infrastructure Act has not been unanimously agreed in the US Senate, and Senators Richard Shelby and Bernie Sanders are reported to have opposed the amendment because of a dispute over military spending. Since the content of the infrastructure bill can be changed only by unanimous consent, the amendment will not be included in the final bill.

The Baltic dry bulk Index rose as the small ship Index rose] the Baltic dry Index rose four points to 3375 on Tuesday, its highest level since Aug. 5. The capesize index fell 14:00 or 0.3% to 4328, with an average daily profit of $35895. The Panamanian shipping index rose 18:00, or 0.5%, to 3476, its highest level since July 26, with average daily profit rising $157to $31282. The index of super-convenient ships rose 10:00 to 3032 points, continuing to hit an all-time high.

Looking at US inflation data today, Wall Street expects core inflation to slow to 4.3 per cent in July from a 30-year high of 4.5 per cent in June.

Today's focus

[SMM analysis: the off-season atmosphere in July continues the decline in copper bar industry starts] there is still a backlog of copper bar orders in June, and the overall production has not dropped much from the previous month, slightly exceeding market expectations. At present, the copper bar industry is in the off-season stage, plumbing, sanitary ware, small household appliances, cars, communications, refrigeration and other sections of the demand for copper bars remains weak, the overall new orders are relatively small. "View details

[SMM analysis: the enamelled wire industry enters the off-season in July and the declining trend in August is difficult to change] the operating rate of the enamelled wire industry in July was significantly lower than expected, mainly due to the long-term suspension of production and reduction of production by relevant enterprises in Henan due to floods; in addition, the traditional production off-season that began to enter the industry in July is also the main reason for the decline in the operating rate. The first to bear the brunt is the home appliance industry. "View details

[SMM analysis: Henan flood season and lack of raw materials for recycled copper rods trapped in the quagmire] Power cuts in Henan and other areas in mid-July, as well as the emergency flood situation in Henan in late July, superimposed for a long period of time within the month, the supply of recycled copper was very tight, and many processing plants were unable to purchase enough raw materials to maintain production, so they were forced to reduce production or stop production, and fell into the quagmire of insufficient raw materials. "View details

SMM analysis: the off-season is not weak! According to SMM survey data, the operating rate of refined copper rod enterprises in July was 71.94%, an increase of 3.26% from the previous month, and a decrease of 4.23% over the same period last year. Among them, the operating rate of large enterprises is 72.10%, that of medium-sized enterprises is 72.83%, and that of small enterprises is 49.09%. "View details

[ADC12 price daily review: aluminum price weakens slightly, raw material supply is tight, recycled aluminum price is stable] at present, the market circulation of waste aluminum is still tight and the price is high, which leads to the shortage of recycled aluminum raw materials and the price remains strong. In addition, the current die-casting off-season, the overall market turnover in general. The spread of the epidemic in some areas and the upgrading of control measures have also had a certain impact on the production of local enterprises and the transportation of goods. In the case of weak supply and demand, the price of recycled aluminum is expected to remain stable in the near future. "View details

[spot information of SMM stainless steel: the spot price of stainless steel continues to fall and the transaction is weak] Today, the guiding price of Delong Steel Plant was 19000 yuan / ton, which was 1000 yuan / ton lower than that of yesterday, and the adjustment rate was basically the same as that of Castle Peak. Under the general downward trend of market prices, although there are many market inquiries, but mainly wait and see, the market transaction is weak, and the follow-up depends on the market acceptance and purchase intention after the price stops falling and stabilizes. "View details

[SMM News: Shanghai tin is approaching the all-time high and the upper edge of the test range] from the perspective of technical analysis, recent bullish funds have gradually launched a tentative upsurge. On the other hand, if the market wants to make a breakthrough in the direction, it also needs more sustained participation of funds from both sides. Tin price will currently test 236000 yuan / ton first-line pressure level, pay attention to whether it can be effectively broken. "View details

[SMM Nickel spot Daily Review: nickel prices remain low and downstream pick up goods are still relatively active] Nickel prices continue to fall, stimulating downstream companies to actively purchase, traders price delivery, nickel plate spot rising water continues to rise, Russian nickel mainstream quotations are still maintained at 50000600 yuan / ton, Jinchuan nickel mainstream quotations are concentrated at 180000002000 yuan / ton, steel mills are actively purchasing at low prices today, and nickel inventories are expected to decline month-on-month this week. In terms of nickel beans, nickel beans continued to arrive this week, increasing short-term supply and suppressing spot rising water performance of nickel beans. "View details

[SMM Electrolytic Manganese Daily Review: steel recruitment high guide manganese price operation continues to rise] this week, some manganese factories in Guangxi and other regions stopped production one after another, and some of them decided to resume production by the end of August, but the current inventory is relatively small. According to SMM, the quotation range of less than 100 tons today revolves around 27000-27200 yuan / ton, while part of the terminal is mainly receiving goods with rigid demand. Under the influence of power cuts in most areas during the week, the operating rate of manganese plants is slightly low, and SMM believes that the situation that supply falls short of demand supports the expected high market price of electrolytic manganese for the time being. "View details

[Foshan stainless steel daily review: futures prices generally fall short-term trading range downward] Today (8 up 10) SS main contract opening price weak operation, the spot market continues yesterday's shady decline atmosphere, suppliers today's transaction and negotiation range fell slightly 50-200 yuan / ton, while steel prices are supported by high raw material costs, SMM believes that short-term private spot falling space is limited. "View details

[SMM magnesium ingot spot KuaiBao: rising trend does not reduce magnesium prices continue to rise] today (8 Universe 10) magnesium prices continued to rise, the market quotation was 300 yuan / ton higher than yesterday, downstream rigid demand struggled to follow. It is understood from the factory that affected by the continued rise in magnesium prices, in order to prevent the risk of a high correction in magnesium prices, traders' demand for spot goods increased, and futures shipments decreased compared with the previous two days. At the same time, some downstream said that the current price was too high and the signing of orders was blocked. The high magnesium price restrained the release of demand to a certain extent, and the upward momentum of magnesium prices in the future is facing weakening. It is expected that the subsequent rise in magnesium prices will gradually slow down and continue to pay attention to the follow-up transactions. "View details

[SMM sponge titanium spot KuaiBao: sponge titanium price stable operation] Today (8stroke 10) learned from the sponge titanium factory, the current market mainstream transaction price is stable at 69000 yuan / ton, affected by the recent power cuts, the whole process of sponge titanium production enterprises magnesium ingot melting equipment start-up is limited, sponge titanium enterprises magnesium ingot demand increases, coupled with magnesium prices recently continued to rise, sponge titanium cost rose slightly. Considering the stable demand of military industry downstream and the high operation of overseas ore prices, it is expected that under the strong support of the cost side, the price of titanium sponge will remain strong in the near future. "View details

[SMM Daily Review: high-grade silicon price strong operation] High-grade metal silicon continues to rise rapidly. Today, 42m silicon in Kunming is in 17500-18000 yuan / ton, and 330m silicon is in 17800-18000 yuan / ton. Due to the unstable factors of raw material quality, such as the supply of silicon coal, Yunnan silicon plants are worried about power cuts, some silicon factories are unwilling to accept a large number of orders, the market of high-grade silicon fluctuates greatly, the price offered by silicon factories is generally high, and it is difficult to find goods at low prices in the market. The supply of high-grade silicon is tight, and the downstream has a high degree of acceptance of the price, especially 42cm silicon, and the silicon factory is confident of raising the price. "View details

[SMM newsletter: tungsten prices continued to rise during the year. Tungsten Association of Ganzhou City recently released the forecast price of tungsten market for August. Among them, wolframite (55 degrees) 111500 yuan / standard ton, ammonium paratungstate 169000 yuan / ton, medium particle tungsten powder 263 yuan / kg. It is understood that this is the largest price adjustment of the Ganzhou Tungsten Association this year, with wolframite (55 degrees) and ammonium paratungstate increasing by more than 10,000 yuan / ton. "View details

[SMM comment: the epidemic in 19 cities of Vietnam has affected the blockade of the largest port to suspend the reception of import and export containers) the epidemic in Vietnam has spread further, with nearly 10,000 new confirmed cases in a single day, and the 19 cities continue to be blocked; industrial production has been blocked and a large number of factories have been closed; the port is seriously congested and the storage yard is nearly saturated, and (Cat Lai) Port of Kailai Port and (TCIT) Terminal of Gaimei International Port of New Port of Vietnam have notified to suspend the reception of import and export containers. "View details

[SMM molybdenum spot KuaiBao: market supply is tight molybdenum product prices continue to rise] molybdenum product prices continue to rise. In terms of ferromolybdenum, the tender for steel mills continued steadily. Due to the large bidding volume of steel mills at the beginning of this month, some ferromolybdenum manufacturers are fully engaged in production to ensure the delivery of orders, resulting in the reduction of supply in the current market. At the same time, as the international ferromolybdenum price is maintained at 16.7-170000 yuan / base ton, some enterprises with export qualifications, such as Jinduicheng, prefer export orders, which to some extent leads to a reduction in domestic supply and a rise in prices. "View details

[SMM Coke spot Daily Review: steel mills open high-level coke demand] Today (8 go 10) the coal coke market in Shandong is running strongly, and the market attitude is optimistic. Most of the stocks in coke enterprises remain low, and coke sales are good; the operating rate of blast furnaces in steel mills is rising instead of falling, and steel mills still have a rigid demand for coke, and in order to reduce weather factors and the disturbance of market price and supply and demand caused by production restrictions of coke enterprises, begin to actively increase the stock. After the second round of increase and landing, the mainstream price of coke in Shandong area is 2870-2910 yuan / ton for quasi-one-water quenching coke and 3220-3270 yuan / ton for quasi-one-dry quenching coke. "check the details.

[brief Analysis of SMM Antimony oxide Import and Export] according to customs data, China imported 26.7 tons of antimony oxide in May 2021, a sharp drop of 43.49% from the previous month. In May 2021, China exported 3051.83 tons of antimony oxide, a slight increase of 0.4 per cent from the previous month. "View details

[high-carbon ferrochromium Daily Review on August 10, 2021] on August 10, Inner Mongolia high-carbon ferrochromium quoted price of 10300-10500 yuan / 50 base tons. the power restriction situation of large ferrochromium enterprises in Inner Mongolia was less than that in July, and the price of high-carbon ferrochromium dropped slightly. Market fear of heights and wait-and-see mood gradually rise, ferrochrome trading is mediocre; The situation of power restriction still exists in various places, and the trade retail volume is relatively small, although there are a small number of low-price transactions, but it is difficult to represent the mainstream of the market, the short-term supply shortage will continue, and it is expected that the price of high-carbon ferrochromium has limited room to fall.

Due to insufficient power supply, some silicon plants in Baoshan, Yunnan were notified of power cuts last night. According to SMM, a total of 32 industrial silicon furnaces have been built in Baoshan, three of which were shut down early this morning due to power cuts, and a total of nine have been shut down under the influence of three power cuts in Baoshan so far. at present, a total of 15 industrial silicon furnaces are in normal production.

[brief Analysis of SMM Antimony oxide Import and Export] according to customs data, China imported 26.7 tons of antimony oxide in May 2021, a sharp drop of 43.49% from the previous month. In May 2021, China exported 3051.83 tons of antimony oxide, a slight increase of 0.4 per cent from the previous month. "View details

[SMM hot rolling scheduling report: high profit is difficult to compete with limited production pressure planned hot rolling production in August fell 2.5% from the previous month] according to the latest tracking of SMM, the planned hot rolled commodity production of 35 mainstream hot rolled steel mills surveyed totaled 9.7686 million tons in August, a decrease of 252600 tons compared with the actual hot rolled commodity output in July and 2.5% lower than the previous month. "View details

Important news of metals and industry

[Escondida Copper Union agrees to extend mediation negotiations for another day] on Aug. 9, after the first five-day government mediation period between the Escondida union and BHP Billiton expired, workers and management of (Escondida) in Chile agreed to extend the mediation negotiations for another day to avoid a strike at the world's largest copper mine. BHP Billiton, the mine's operator, said in a statement that the two sides asked labor authorities for another day of mediation to continue efforts to reach an agreement that could be submitted to workers on Tuesday.

[Chile Caserones copper mine unfortunately strikes to hold negotiations] Minera Lumina Copper said on Tuesday that it regretted the decision of its Chilean Caserones copper mine workers to abandon contract negotiations and go on strike. This shows that after the first day of the strike, the two sides are still far from reaching an agreement.

[Chilean miners expect copper prices to remain high for the next two to three years.] A Chilean miner expects copper prices to remain high for the next two to three years, a senior Chilean miner said on Tuesday. but it is cautious about calling the copper boom a "supercycle" as it did a decade ago.

[ANZ: US infrastructure plans will boost demand for metals, but are unlikely to "fuel the commodity cycle". (ANZ), an ANZ bank, said in a report that much-anticipated US infrastructure plans would boost demand for metals but were unlikely to "fuel the commodity cycle".

[Tianshan Aluminum: signing "Cooperation intention Agreement" for Indonesian Bauxite Project] Tianshan Aluminum (002532) announced on the morning of August 10 that the company signed a "Cooperation intention Agreement" with Indonesia's local mining holding company and its actual controller, and the company intends to directly or indirectly acquire not less than 49% of the shares of Indonesia's local mining companies and / or its three mining companies. And plans to carry out cooperation in bauxite mining, supply, sales and other aspects. Indonesian local mining companies own 100% of three local mining companies and hold a total of three mining resources mining certificates issued by the Indonesian Ministry of Energy and Mines, covering a total area of about 30,000 hectares.

[140,000 tons of electronic polysilicon project construction] on August 8, Qinghai Asia Silicon Industry Silicon material Co., Ltd. has an annual output of 40,000 tons of electronic polysilicon project located in Xining (national) economic and technological development zone. The project, with a registered capital of 750 million yuan, is scheduled to be completed and put into production in June 2022. After the project is put into production, the total annual output value is expected to be about 4 billion yuan, and more than 1000 new jobs will be created.

[Yuneng Silicon material is about to be put into production, and new progress has been made] on August 7th, Yuneng Silicon material 200000 tons of organosilicon monomer project silicon powder processing line 1 production device was successfully put into trial run. At 13:44, the production equipment of the first line of silicon powder processing successfully produced qualified silicon powder, the production capacity met the design requirements, and the quality of silicon powder met the technical requirements.

[Yiwei LiNeng: signed a Memorandum on the supply of more than 10,000 tons of recycled Nickel products with Grimme] on August 9, Yiwei LiNeng announced that the company had signed a "Memorandum of Cooperation on directional Recycling supply of 10000 tons of recycled Nickel products" with Grimm. The two sides agreed that Yiwei Lithium can supply scrapped nickel-containing power batteries and battery waste to Grimmei, which is responsible for recycling nickel products to Yiwei Lithium Energy.

[titanium] Jinpu Titanium Industry disclosed its semi-annual report that revenue in the first half of the year was 1.238 billion yuan, an increase of 55.56% over the same period last year, and net profit was 112 million yuan, compared with a net profit loss of 8.617 million yuan in the same period last year.

[Guangdong Hongtu's revenue grew by nearly 37% in the first half of the year] on August 9, Guangdong Hongtu Science and Technology Co., Ltd. released its half-year results for 2021, KuaiBao. From January to June 2021, the company achieved a total operating income of 2.9673683 billion yuan, an increase of 36.99% over the same period last year. The net profit attributed to shareholders of listed companies was 131.7108 million yuan, an increase of 2785.91% over the same period last year. The main reason for the relatively large increase in the company's performance during the reporting period was that due to the influence of the novel coronavirus epidemic in the same period last year, the company's orders dropped in a short period of time, and the factory failed to carry out normal operation and production, resulting in a low base of comparison. this year, with the recovery of the domestic economy and the passenger car market, the company's various business sectors have increased their market development efforts, and their sales revenue has increased significantly compared with the same period last year.

[Shanshan shares' first-half net profit increased by 659.15% year-on-year increase of 74.41% over the same period last year] Shanshan shares (600884) disclosed that the company realized operating income of about 9.947 billion yuan in the first half of the year, an increase of 209.82% over the same period last year. The net profit belonging to shareholders of listed companies was about 760 million yuan, an increase of 659.15% over the same period last year. In the first half of the year, thanks to the continued strong demand from downstream battery customers, Shanshan's lithium materials business shipped a total of 64000 tons, an increase of 74.41% over the same period last year.

[the listing price of rare earths in North China was raised in August.] the listing prices of rare earths in North China were announced in August. Among them, lanthanum oxide was 10800 yuan / ton, cerium oxide was 10800 yuan / ton, all were the same as last month, praseodymium and neodymium oxide were quoted at 633200 yuan / ton, up 17.5%, neodymium oxide was quoted at 641500 yuan / ton, up more than 19%. Metal praseodymium and neodymium were quoted at 775000 yuan / ton, an increase of more than 17%, and neodymium metal was quoted at 785000 yuan / ton, an increase of 18.58%.

A few days ago, the price of most rare earth oxides in the south announced the latest listing prices of medium and heavy rare earth oxides, and the prices of rare earth oxides are mostly the same as last week. Only ytterbium oxide average listing price increased by 100 yuan / ton, lutetium oxide listing average price increased by 2500 yuan / ton.

[Xianglu Tungsten Industry semi-annual report: net profit in the first half of the year was 24.2772 million yuan, up 73.93% over the same period last year] Xianglu Tungsten Industry released a semi-annual report for 2021, achieving operating income of 776 million yuan, an increase of 27.09% over the same period last year; net profit belonging to shareholders of listed companies was 24.2772 million yuan, an increase of 73.93% over the same period last year; net profit belonging to shareholders of listed companies excluding non-recurring profits and losses was 22.1152 million yuan, an increase of 1079.09% over the same period last year; Basic earnings per share is 0.09 yuan.

[Qingdao half-yearly report: net loss of 20.3281 million yuan in the first half of the year] Qingdao Intermediate reported that the company realized operating income of about 856 million yuan in the first half of the year, an increase of 135.45% over the same period last year; the net profit belonging to shareholders of listed companies was-20.3281 million yuan, down 170.58% from the same period last year; the net profit of shareholders belonging to listed companies after deducting non-recurring gains and losses was-17.1785 million yuan, down 155.53% from the same period last year; Basic earnings per share is-0.03 yuan.

[Ningxia Development and Reform Commission: allowing coal power trading prices to rise] Ningxia Development and Reform Commission issued a notice on the adjustment of electric power direct trading in 2021, pointing out that coal power enterprises should give priority to power generation plans in an orderly manner, and coal power trading prices should be allowed to rise. The monthly trading price of coal power can rise by no more than 10% on the basis of the benchmark price (0.2595 yuan / kilowatt-hour).

[national Energy Administration: special supervision of medium-and long-term electricity trading market order from August to December] the State Energy Administration issued a notice. After research, the State Energy Administration is scheduled to carry out special supervision of power medium-and long-term trading market order from August to December 2021. Focus on the compliance and fairness of electricity settlement. Specifically include: the implementation of the electricity price policies approved by the state, such as provincial transmission and distribution price, wind power and photovoltaic grid price, issue of transaction settlement basis, settlement relationship, timeliness and accuracy of settlement amount, proportion of acceptance bill in electricity charges, etc.

The NDRC openly solicited opinions on the measures for Power Reliability Management (interim) (draft for soliciting opinions), put forward the concept of power system reliability, and put forward specific requirements for the whole chain risk management of power enterprises from the aspects of pre-prediction and early warning of power system risks, in-process control, post-evaluation and preventive measures taken. Specific measures for reliability management of Electroweb enterprises to deal with power supply and security risks, grid-related safety of power generation enterprises, energy storage construction and overall regional power system planning of national urban agglomerations have been added.

[China Iron and Steel Association: it is necessary to resolutely implement the relevant work requirements of "looking back on cutting production capacity and reducing crude steel output". A few days ago, the China Iron and Steel Association held a meeting of the standing Committee of the Party Committee (enlarged) to put forward requirements for the work of the association in the near future. The meeting held that it is necessary to resolutely implement the relevant work requirements of "looking back on the elimination of production capacity and reducing crude steel output." While implementing the task of reducing crude steel production, we should closely track the changes in downstream steel demand, steel imports and exports, steel products and raw material prices and stocks, timely adjust and improve corresponding measures, and resolutely curb the irrational rise in the prices of major raw materials. we will resolutely maintain normal market order and the stability and safety of the industrial chain. While implementing the "dual control" policy, we should attach great importance to the fairness of the market subject's business environment, and the clear policy guidance should be truly reflected in the process of implementation.

[Longbai Group announces upward price of titanium dioxide] Longbai Group (002601) announced on the evening of August 10th that according to the market demand for titanium dioxide and the rising price of raw materials, from now on, the sales prices of various types of titanium dioxide (including sulfuric acid titanium dioxide and chlorinated titanium dioxide) are increased by 200USD / ton to all kinds of customers downstream on the basis of the original price.

Terminal information

[China Automobile Association: the inventory coefficient of automobile dealers in July was 1.45% lower than the same period last year.] on August 10, the China Automobile Circulation Association released the results of the survey of "inventory of automobile dealers" in July 2021: the comprehensive inventory coefficient of automobile dealers in July was 1.45. Affected by the high base and chip shortage in 2020, the inventory coefficient fell 24.1% from the same period last year, 2.0% from the previous month, and the inventory coefficient fell below the warning line.

[Ministry of Commerce: automobile exports grew by 102.5% from January to July compared with the same period last year] the official website of the Ministry of Commerce learned that when talking about the operation of China's foreign trade from January to July 2021, the head of the Foreign Trade Department of the Ministry of Commerce said that new energy vehicles led to the growth of automobile exports. From January to July, automobile exports increased by 102.5% compared with the same period last year, the highest growth rate in the same period in history, and the overall export growth rate was 0.6 percentage points higher.

[Golden Shield shares: winning bid totaling 18.3163 million yuan for fan equipment procurement project] Golden Shield Stock announcement, winning bid R2 project non-safety grade process fan (the first batch) equipment procurement project, winning bid amount of 9.9898 million yuan; winning bid R2 project safety grade fan equipment procurement project, winning bid amount of 8.3265 million yuan.

[Huanxu Electronics: July operating income increased 27.07% compared with the same period last year] Huanxu Electronics: the consolidated operating income in July was 4063944090.75 yuan, an increase of 27.07% over the same period last year and 4.35% compared with June. The company's consolidated operating income from January to July in 2021 was 26337218897.28 yuan, an increase of 30.28% over the same period last year.

In order to co-ordinate the development of centralized photovoltaic, county-wide distributed photovoltaic, pumped storage and comprehensive smart energy projects in Wangqing County, it is proposed to set up a wholly-owned subsidiary of the company-Wangqing Geodian Energy Co., Ltd. (provisional name, final industrial and commercial registered name shall prevail), with a registered capital of 50 million yuan.

[Xi'an Recycling Technology 200000 ton Lithium Battery Recycling Plant Top Plan and Construction year to deal with 100000 tons of waste Lithium Battery Recycling Line] on August 10, the first building of the first phase of Xi'an Recycling Technology 200000 t Universe Lithium Battery Comprehensive Recycling Project-dismantling building was held as scheduled. From now on, the whole phase of the project will usher in the capping and completion of each building one after another. The first phase of the project will build an annual recycling line to deal with 100000 tons of waste lithium batteries and positive wastes of lithium batteries to produce ternary precursors and lithium carbonate of high-performance power batteries.