[SMM Metal Morning reference] Metal |

SMM Morning Review

SMM Iron and Steel Morning meeting minutes: according to the spot price of SMM port, the current mainstream low-and medium-grade mineral prices fell by about 50 yuan / ton compared with the same period last month to 382 yuan / ton, while the mainstream medium-grade powder mineral prices represented by PB powder have dropped about 310 yuan / ton last month, the performance-to-price ratio of middle-grade fine ore gradually increased, and the mainstream low-and medium-grade mineral price gap is expected to narrow.

The coke market has started the third round of rising market sentiment.

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The market closed overnight.

Most of the metal in the overnight outer disk was red, with Lun copper up 0.24%, Lun aluminum down 0.04%, Lunzn lead up 0.94%, Lunzn zinc up 1.57%, Lunni up 2.83%, and Lunxi up 2.14%. As the US core CPI data were lower than expected, the dollar index dived in intraday trading and metal futures rebounded across the night. Domestically, non-ferrous metals are red across the board, with international copper up 0.18%, Shanghai copper up 0.2%, Shanghai aluminum up 0.07%, Shanghai lead up 0.32%, Shanghai zinc up 0.83%, Shanghai nickel up 2.91%, and Shanghai tin up 1.87%. The price of tin reached a new high of 242720 yuan / ton, and nickel rebounded sharply overnight after the early overfall because of its basic orientation.

The dollar continued its decline in afternoon trading in New York as yields on 10-year Treasuries fell after a solid issuance, and earlier data showed that consumer price increases moderated in July. this eased speculation that the Fed might accelerate its downsizing. The US consumer price index ((CPI)) rose 0.5 per cent last month, following a 0.9 per cent rise in June, according to the data. Excluding volatile food and energy components, core CPI rose 0.3 per cent after rising 0.9 per cent in June.

U. S. stocks closed mixed on Wednesday, with the Nasdaq falling slightly and the Dow and the S & P 500 hitting record highs. The month-on-month growth of US CPI in July was basically in line with expectations, but the core CPI, excluding food and energy, was lower than expected. The Dow rose 220.30 points, or 0.62%, to 35484.97; the Nasdaq fell 22.95 points, or 0.16%, to 14765.14; and the S & P 500 rose 10.95 points, or 0.25%, to 4447.70.

In terms of crude oil, international crude oil futures closed higher on Wednesday, reversing the trend after the Biden administration said it would not call on U.S. oil companies to increase crude oil production and said efforts to urge the Organization of Petroleum Exporting countries ((OPEC)) to increase production was a longer-term plan.

On precious metals, international gold prices rose on Wednesday after mild US consumer price data allayed fears that the Fed would scale back economic support sooner than expected.

LME inventory

Macro focus

Central bank: at the end of July, the balance of broad money (M2) was 230.22 trillion yuan, an increase of 8.3% over the same period last year, and the growth rate was 0.3% and 2.4% lower than that at the end of last month and the same period last year respectively. In July, the scale of social financing increased by 1.06 trillion yuan, 636.2 billion yuan less than the same period last year, while RMB loans increased by 1.08 trillion yuan, an increase of 90.5 billion yuan over the same period last year.

[Citic Securities: the growth rate of social finance is already at the low point of the year and is expected to rebound slightly in the fourth quarter.] the financial data of CITIC Securities Review in July pointed out that the new credit of RMB in July was generally in line with expectations, but the characteristic of "impulse" of bills was more obvious. it shows that the demand for physical financing has weakened. The growth rate of social finance fell 0.3 percentage points year-on-year in that month, which was lower than expected, mainly due to less year-on-year increase in credit, more reduction in off-balance sheet bills, and low government debt financing. In the same month, the growth rate of M2 fell by 0.3 percentage points, and the scissors gap between M1 and M2 continued to expand. We believe that at this stage, the growth rate of social finance is already at the low point of the year, and if the pace of local bond issuance accelerates as expected, it is expected that the growth rate of social finance will gradually stabilize and rebound slightly by the fourth quarter.

[Fed Bostick: high inflation will not last long and return to the 2% target in the long run] the Fed's commitment to maximizing employment means it will not raise interest rates too soon, and the recent rise in inflation seems to be temporary, he said. The committee will not pre-emptively raise interest rates to cope with the "hot" labour market for fear of inflation. If there is no actual data to prove that the inflation problem has emerged and is likely to continue, we will allow the labour market to continue to develop, which I believe will help to move towards achieving the long-term goal of full employment. As the economy recovers from the impact of the epidemic, we see inflation rising to more than 2%. But most of the factors driving growth will not last. So, in the long run, the average inflation rate will be close to our target.

[Baltic dry bulk freight index jumped to its highest level in more than a month] the Baltic dry bulk freight index rose 35 points, or about 1%, to 3410 on Wednesday, the highest level since June 29th. The capesize index rose 56 points, or 1.3%, to 4384, the highest level since Aug. 5, with an average daily profit of $459 to $36354. The Panamanian shipping index rose 40 points, or 1.2%, to 3516, the highest level since June 23, with average daily profit rising $358 to $31640. The index of super-convenient ships rose 17:00 to 3049, a record high.

[institutional analysis: us consumer price index grew at a more moderate rate] the more moderate increase in US consumer prices in July did not fully ease the pressure on market sentiment caused by rising costs. In the face of tight supply and surging demand, with the increase of cost pressure, enterprises are raising the price of goods and services. Continuing challenges such as raw material shortages, shipping bottlenecks and recruitment difficulties are likely to continue to put more upward pressure on prices in the coming months. At the same time, this huge increase is likely to ease as some of the prices associated with the sluggish economic recovery soar.

Today's focus

[SMM Analysis: copper sheet, strip and foil operating rate exceeded expectations in July driven by new energy plate] according to SMM survey data, the overall operating rate of copper plate, strip and foil enterprises in July was 84.96%, up 19.97% from the same period last year, and 0.31% higher than the previous month. "View details

Guangdong bright copper 64600-64900 yuan / ton cash withdrawal, 200 yuan higher than the previous transaction, and the price difference of fine waste is 466 yuan / ton, an increase of 71 yuan. Today, copper prices opened high, intraday weakness fluctuated downwards, recycled copper traders took advantage of the high willingness to ship goods, and the supply of goods increased. According to recycled copper rod enterprises, today's procurement is relatively easy, but orders are general, recycled copper rods lack price advantage. "View details

[the scale of reduction in electrolytic aluminum production in the previous August expanded to 1.976 million tons above the aluminum price station] from January to August in 2021, the scale of reduction in electrolytic aluminum production reached 1.976 million tons according to SMM statistics. This week, the new production reduction areas are concentrated in Yunnan, Guangxi and other places. Due to the impact of power constraints, the scale of electrolytic aluminum production restrictions continues to expand. In terms of disk performance, Shanghai Aluminum increased its positions to 20100-20200 yuan / ton in early trading, and the spot discount slightly expanded to around 50 yuan / ton, which was 30 yuan / ton higher than yesterday's discount and concentrated between 20060 yuan and 20100 yuan / ton. "View details

[aluminum bar spot daily review: aluminum bar processing fees fell sharply under pressure market trading atmosphere is light] Today (8prime 11) the processing fees in the mainstream market of aluminum bars have been greatly reduced, and the overall price center of gravity has fallen by 70-120 yuan / ton. Today's aluminum is strong, aluminum base price rose 210 yuan / ton to 20080 yuan / ton, downstream fear of heights is serious, few inquiries, aluminum bar market trading atmosphere is light. Details of this morning's offer are as follows. "View details

[SMM aluminum rod processing fee daily review: aluminum price station 20, 000 high aluminum rod processing fee low] from a short-term point of view, domestic electrolytic aluminum is supported by supply-end power constraints and low social inventory, aluminum prices are difficult to fall sharply, aluminum cable industry is still in a small off-season, aluminum rod processing fees are mainly weak and stable operation. "View details

[ADC12 Price Daily Review: aluminum prices soar, raw materials are tight recycled aluminum prices are rising] on domestic prices, large domestic recycled aluminum enterprises have raised their quotations by 200 yuan / ton, including monthly freight prices of about 19300-19,600 / ton; for small and medium-sized factories, their quotations have risen by 100 yuan / ton to 18800-19000 yuan / ton. In terms of import and export, there are few imported aluminum alloy ingots at present, the transaction price is 18400-18700 yuan / ton, and the import instant profit theory turns to profit, which is currently around 450 yuan / ton. At present, the circulation of waste aluminum is still tight, and the sharp rise in aluminum prices has led to a rapid rise in the price of waste aluminum. The price of recycled aluminum alloy ingots has risen by 100,200 yuan / ton due to rising costs, but the market transaction is general. Supported by the cost, the price of recycled aluminum is expected to remain stable or continue to rise. "View details

[SMM analysis: industry small off-season July aluminum cable operating rate dropped slightly month-on-month] according to SMM survey statistics, the comprehensive operating rate of the domestic aluminum cable industry in July was 41.12%, a decrease of 0.2% from the previous month, an increase of 0.4% over the same period last year, of which the operating rate of large enterprises recorded 56.5%, an increase of 0.9% compared with the previous month, while the operating rate of small and medium-sized enterprises decreased slightly. "View details

[SMM Nickel spot Daily Review: nickel prices maintain shock operation downstream pick up goods on demand] Nickel prices rebounded slightly, due to the recent low arrival of Russian nickel, coupled with strong downstream procurement efforts, Russian nickel quotations are rare in today's market, Russian nickel mainstream quotations are still maintained at 6000000,700 yuan / ton, while Norwegian nickel has recently arrived, but due to the overall spot uptrend, Norwegian quotations have risen, and Jinchuan nickel mainstream quotations are concentrated at 1800002000 yuan / ton. Today, the downstream is still good. "View details

[Foshan stainless Steel Daily Review: weekly steel prices are stable and weak terminal wait-and-see mentality] according to SMM, the spot market price of stainless steel in South China is weak in the first half of the week, among which the recent price decline of mainstream steel mills has increased compared with the previous period, and the trading mentality of some traders has increased in the case of large inventories. SMM expects the private cold rolling market price to be stable and weak in the second half of the week. "View details

[SMM Electrolytic Manganese Daily Review: the game between supply and demand in some high-level negotiations is gradually heating up] according to SMM, yesterday, individual traders' high-order spot resources were mainly concentrated on 27000 yuan / ton, but in the end, the transaction did not go smoothly. Guizhou and other areas are expected to postpone the start plan from August to September due to the strengthening of environmental protection. Under the current situation of small inventory, most manganese factories do not have spot quotations for the time being. The mindset of being reluctant to sell in manganese factories is highlighted, and SMM expects the market price of electrolytic manganese to rise slightly in the second half of the week. "View details

[SMM Daily Review: the optimistic attitude of the silicon factory in the future is mainly to fulfill the order] Today (8x11) silicon prices continued to rise, and the growth rate of some brands slowed down, with 44 million silicon in East China at 17700-17900 yuan / ton. Silicon factories mainly complete old orders, and orders are more than a week later. Under the high silicon price, the trading volume of new orders has declined slightly, but it does not affect the enthusiasm of silicon factories to increase prices, and the future attitude is generally optimistic, especially 3, 4-prefix metal silicon factories are in a strong mood to sell, the quotations are more cautious, and there are more simple cases with a small number of times. "View details

How will the imminent resumption of work in Jinduicheng Shaanxi molybdenum mining area affect the molybdenum city? With the resumption of work in Jinduicheng mining area, the tight supply situation in the market is expected to be alleviated to a certain extent, and at the same time, it may lead some traders and hoarding enterprises to follow suit, and the increase in market supply may lead to a steady increase in prices. If steel recruitment decreases in the later period, ferromolybdenum prices may even fall. "View details

[SMM molybdenum spot KuaiBao: multiple positive support molybdenum prices continue to rise] SMM believes that due to the current ferromolybdenum and molybdenum concentrate are insufficient social inventory, high international prices, strong domestic demand, lack of production and supply and other positive factors support, the market bullish attitude is consistent, it is expected that short-term prices will continue to rise. "View details

[SMM survey: domestic blast furnace production capacity has been 30.72 million tons out of production capacity since the beginning of the year.] according to SMM statistics, a total of 112 million tons of new blast furnace capacity and 97.1 million tons of blast furnace capacity are planned to be added in 2021. So far, the progress of blast furnace production is only 27%, and the progress of blast furnace withdrawal is 44%. In the follow-up, the new capacity is put into production or lags behind due to the influence of the declaration process and domestic policies. "View details

[SMM electric arc furnace operating rate: policy production reduction + power restriction affects continuous electric furnace operating rate by 0.61% compared with the previous month] the impact of power cuts continued this week, and the electric furnace operating rate in parts of South China and Southwest China remained low. After the rainstorm in central China, some electric furnaces gradually returned to normal production, and the output increased slightly. As a result of the epidemic, it may have a certain impact on the raw material supply and sales of electric furnaces, in which power cuts in South China will continue, and it is expected that the production rate of electric furnaces will remain low in the short term. "View details

According to SMM's latest tracking, the planned hot-rolled commodity production of 35 mainstream hot-rolled steel mills surveyed totaled 9.7686 million tons in August, 252600 tons less than the actual hot-rolled commodity output in July and 2.5% lower than the actual hot-rolled commodity output in July. In terms of exports, the planned export volume of hot-rolled plate coils from the sample steel mills in August was 373000 tons, a decrease of 112000 tons from the actual export last month, and a month-on-month decrease of 23.09 percent.

[from 2021 to now, domestic blast furnace production capacity has been 30.72 million tons, exit capacity 42.68 million tons] according to SMM statistics, from 2021 to now, domestic new blast furnace production capacity is 30.72 million tons, has been out of production capacity 42.68 million tons (see the following table for details), the domestic policy of reducing crude steel production has been steadily advanced, and the approval for the commissioning of new capacity of iron and steel enterprises is relatively strict. In recent months, the blast furnace production plans of some steel mills have been continuously postponed, while the capacity withdrawal is relatively smooth. According to SMM statistics, a total of 112 million tons of new blast furnace capacity and 97.1 million tons of blast furnace capacity are planned to be added in 2021. So far, the progress of blast furnace production is only 27%, and the progress of blast furnace withdrawal is 44%. In the follow-up, the new capacity is put into production or lags behind due to the influence of the declaration process and domestic policies.

[high-carbon ferrochromium Daily Review on August 11, 2021] on August 11, Inner Mongolia quoted 10300-10500 yuan / 50 base tons of high-carbon ferrochromium. Recently, the situation of power restriction in Inner Mongolia has eased slightly, and a small amount of retail spot prices have appeared in individual ferrochromium manufacturers, and the quotations are more chaotic. Lower than the high price in July; Recently, the quotations of high-carbon ferrochromium manufacturers have dropped slightly and gradually returned to rationality, but although the shortage of power supply in the north has been slightly alleviated, the situation of power restriction in the south has continued, and the output of ferrochromium has not yet been fully recovered. it is expected that the price of high-carbon ferrochromium in Inner Mongolia will be stable and weak gradually, and the prices in Guangxi and Sichuan in the south will continue to remain high.

[SMM antimony industry analysis: amazing ups and downs in early 2021 so far domestic antimony prices rise and fall review] antimony prices this year's market trend twists and turns, ups and downs, staged a big play. SMM briefly reviews the antimony product market since the beginning of the year. This rise began in early January, when the market situation, on the one hand, was due to the involvement of some funds in speculation, but the most important thing was, such as the downstream of the north, for fear of the epidemic affecting future logistics and transportation, in order to protect production orders after the Spring Festival, began to stock antimony ingots and antimony oxide. "View details

[nickel pig iron trading daily review: nickel price flat market light trading follow-up concern about the impact of stainless steel on nickel iron] August 11, SMM high nickel pig iron 1390 yuan / ton, the same as the previous trading day. At present, the price of stainless steel is declining, the acceptable price for Ferro-nickel in steel mills is lower, and the market sentiment is weaker. Steel mills and iron mills have a strong game mentality for the price of high nickel pig iron. "View details

[SMM Coke spot Daily Review: Coke stable medium strong market is still optimistic] Today, Shandong coal coke market is stable and strong, and the market is still bullish on coke prices. The recent sales situation is good. Since June, the production of Shandong coke enterprises has generally been limited to a certain extent, but the production limit has not been further strengthened. The production limit of steel mills in Shandong is relatively strict; the blast furnaces of a small number of steel mills in Jiangsu are opened for maintenance, most of them are in normal production, most of them are in a wait-and-see state for crude steel reduction, and the demand for coke is still relatively strong. "View details

Important news of metals and industry

[Xinjiang Department of Industry and Information Technology: carry out special energy-saving supervision work for enterprises in iron and steel, cement and other industries in 2021] Xinjiang Industry and Information Department issued a notice to carry out special energy-saving supervision for enterprises in electrolytic aluminum, steel and cement industries in 2021. The target of this supervision is electrolytic aluminum enterprises whose final products are liquid aluminum, aluminum ingots or a variety of aluminum alloys, and iron and steel enterprises with smelting capacity. Complete cement production line enterprises (including clinker production), clinker production line enterprises and cement grinding station enterprises for the production of general Portland cement; the main monitoring contents are the implementation of the energy consumption quota standard per unit product of enterprises, the implementation of the backward system, the implementation of energy measurement management system, the implementation of energy consumption statistics system, and so on.

[BHP Billiton and Escondida reach preliminary agreement on new contract] according to the latest news, the unions of BHP Billiton and Chile's Escondida Copper Mine said that the two sides had reached a preliminary agreement on the new contract, but it would take another two days for the union to submit the new contract to the workers' vote.

[Chile's $2.5 billion Dominga copper-iron ore project was given the green light by regulators] A Chilean local government environmental regulatory committee approved the environmental assessment report of Andes Iron's Dominga copper and iron ore project on Wednesday, giving the green light to the development of the $2.5 billion copper and iron ore project.

[Codelco's Andina Copper Union rejects management's latest salary proposal] two trade unions at Chile's Andina copper mine, owned by (Codelco), said on Wednesday that they had rejected the latest salary offer. Prior to this, the labor and management sides of the mine conducted labor negotiations that lasted for five days under the mediation of the government. Today, the two sides are still unable to reach an agreement, under Chilean law, workers have the right to strike.

[battery copper foil company SK nexilis second quarter sales of 157.6 billion won factory has been operating at full capacity] battery copper foil manufacturing investment company SK nexilis second quarter sales of 157.6 billion won, operating profit of 18.8 billion won. SK nexilis said the plant was operating at full capacity and achieved better results than in the first quarter. With the initial start-up of Jingyi No. 5 Plant, the production capacity has increased by more than 10,000 tons every quarter.

[Societe Generale Mining: Yinman Mining will resume production in the near future] Xingye Mining (000426) announced on the evening of August 11 that Yinman Mining, a wholly owned subsidiary, received notice from the Emergency Management Bureau of Xiwuzhumuqin Banner that production in the Yinman Mining area would resume in the near future. The resumption of production in the Yinman mining area marks the full resumption of work and production in the Yinman mining industry.

[Shenhuo shares: net profit increased by 606.21% in the first half compared with the same period last year, mainly due to the rise in aluminum and coal prices] Shenhuo shares released its semi-annual report for 2021 a few days ago. According to the data, the operating income of Shenhuo shares in the first half of the year was 15.511 billion yuan, an increase of 85.74% over the same period last year; the net profit belonging to shareholders of listed companies was 1.463 billion yuan, up 606.21% from the same period last year; and basic earnings per share was 0.656 yuan, up 501.83% from the same period last year.

[successful trial production of rare earth supramolecular photochromic lenses] it was learned from Baotou rare Earth High-tech Zone that the rare earth supramolecular photochromic lenses jointly developed by Baotou rare Earth Research Institute and Heilongjiang University were successfully trial-produced. The R & D team made full use of the advantages of light rare earths in rare earth elements, such as large metal radius, variable valence and stable chemical properties, to develop a new photochromic material. Due to the introduction of rare earth elements lanthanum, cerium and yttrium, the lens has better color rendering rate (less than 3s) and fading rate (less than 60s), strong fatigue resistance and good stability, so it can prolong the service life of the lens. Break the situation that China's high-end discoloration lens market is monopolized by imported lenses.

[Pengxin Resources: the subsidiary intends to increase the capital of Li Tai Li Neng by 75 million yuan] Pengxin Resources announcement, the wholly-owned subsidiary Pengga Fund increased the capital of Li Tai Li Neng Company with its own capital of 75 million yuan. After the completion of the capital increase, the Pengga Fund holds a 23% stake in Lithium Energy. Li Tai lithium energy main product lithium ferromanganese phosphate lithium phosphate material is used to manufacture lithium battery cathode.

[Zhaochi shares: do not rule out the possibility of developing in the direction of upstream raw materials] Zhaochi shares said on the interactive platform that the wafer supply problem did not have a significant impact on the company's chip production. The company's business groups have formed an endogenous development model of complementary resources and advantages, and good business synergy can be formed among various business plates, which will continue to expand to the upper and lower reaches of the industrial chain in the future, and the possibility of developing in the direction of upstream raw materials can not be ruled out.

[Zhaoxin shares: Jintai Potash Fertilizer, a shareholding company, owns about 404 square kilometers of salt lake resources in Barun Mahai Lake] Zhaoxin shares said on the interactive platform that Jintai Potash Fertilizer, the company's shareholding company, owns about 404 square kilometers of salt lake resources in Barun Mahai Lake. Shanghai Zhongli is one of the companies that set the national non-ferrous metal industry standards for battery-grade lithium dihydrogen phosphate, with an annual production capacity of 8000 tons of battery-grade lithium salt products.

[central shares raised the price of its August single crystal silicon wafer] on August 11, Central announced the price of single crystal silicon wafers in August. The latest offer for M6 silicon wafers (taking 170 μ m as an example) rose 0.44 yuan per chip to 4.98 yuan per chip, an increase of 9.69%. The latest quotations for G12 and G1 silicon wafers (taking 170 μ m as an example) rose 0.44 yuan and 0.26 yuan per chip to 7.97 yuan and 4.88 yuan respectively, an increase of 5.84% and 5.63%, respectively.

[Ganfeng Lithium Industry] Ganfeng Lithium Industry (01772.HK): Jiangxi Ganfeng Lithium Industry Co., Ltd. received the "letter of concern about Jiangxi Ganfeng Lithium Industry Co., Ltd." issued by the Management Department of listed companies of Shenzhen Stock Exchange on August 4, 2021. Due to the large amount of content and heavy workload involved in the letter of concern, the company was unable to complete the reply and disclosure before August 11, 2021. In order to ensure the truthfulness, accuracy and completeness of the information disclosure, the company will postpone the reply to the above-mentioned "letter of concern" upon application to the Shenzhen Stock Exchange.

[Longbai Group: signing Strategic Cooperation Framework Agreement with Henan Energy and Chemical Industry] Longbai Group announced that it signed a strategic cooperation framework agreement with Henan Energy and Chemical Group Co., Ltd. in the short term, the two sides focus on the internal resources of Jiaozuo region. to establish a communication mechanism to promote cooperation and common progress in the areas of "making up for weaknesses" and "getting rid of bottlenecks"; In the medium and long term, we will take the industrial chain in the field of the whole group as the target, and promote more extensive and profound strategic cooperation.

[Dongshan Precision: half-year net profit increased 18.25% year-on-year LED display device business increased significantly] Dongshan Precision disclosed semi-annual report that the company's operating income for the first half of 2021 was 14.005 billion yuan, an increase of 23.50% over the same period last year; the net profit of its parent was 605 million yuan, an increase of 18.25% over the same period last year; and basic earnings per share was 0.35 yuan. During the reporting period, the company's touch display module business revenue increased by 81.64%, but due to exchange rate fluctuations, raw material prices and product structure adjustment, the gross profit margin in the first half decreased compared with the same period last year. The company's LED display device business has a large increase in revenue and profits compared with the same period last year.

[Weixing New Materials semi-annual report: the first half net profit of 414 million yuan increased 15.99% over the same period last year] Weixing New Materials released its semi-annual report for 2021, and the company realized operating income of about 2.387 billion yuan in the first half of the year, an increase of 32.25% over the same period last year. The net profit belonging to shareholders of listed companies is about 414 million yuan, an increase of 15.99% over the same period last year. The net profit after deducting non-recurring profits and losses belonging to shareholders of listed companies is about 393 million yuan, an increase of 15.62 percent over the same period last year; basic earnings per share is 0.26 yuan.

[national Development and Reform Commission: production increases, demand decreases, coal supply and demand situation has significantly improved] recently, national coal production has increased significantly, demand has continued to decline, and coal supply in power plants has exceeded coal consumption. In terms of production, the daily coal output of Shanxi, Shaanxi and Inner Mongolia increased by nearly 800000 tons compared with the same period in July. On the demand side, the "seven under eight" summer coal consumption peak is coming to an end, and the overall coal demand shows a continuous downward trend. It is expected that in the later stage, with the release of coal production capacity, production will continue to increase, and the situation of coal supply and demand will further improve.

Yangjiang Steel Star Metal Technology Co., Ltd. plans to select the site of workshop An of Yili Industrial Zone, Jiangcheng District, Yangjiang City, to build the stainless steel processing project of Yangjiang Steel Star Metal Technology Co., Ltd. [annual production capacity of 40,000 tons of tool materials] Yangjiang Steel Star Metal Technology Co., Ltd. plans to build stainless steel processing project of Yangjiang Steel Star Metal Technology Co., Ltd. The project is expected to produce 40000 tons of tool materials and 1 million pieces of silicone kitchen utensils per year. The total investment of the project is 15 million yuan, of which 1.51 million yuan is invested in environmental protection. It is planned to start construction in September 2021 and put into production in November 2021. The construction period is planned to be 2 months.

[titanium] on August 10, Longbai Group issued an announcement to adjust the prices of its various types of titanium dioxide. From now on, the sales price of various types of titanium dioxide (including sulfuric acid titanium dioxide and chlorinated titanium dioxide) has been increased by 200 US dollars / ton to all kinds of downstream customers on the basis of the original price.

[titanium] Huiyun Titanium Industry: the sales price of titanium dioxide of the company will be raised from now on, of which: the sales price of domestic customers is increased by 1000 yuan / ton, and the export price of international customers is increased by US $200 / ton.

[Peruvian Finance Minister: raising Mining tax without affecting Competitiveness] Peruvian Finance Minister Pedro Frank said on Monday that as long as metal prices remain high, the new left-wing government is confident of raising mining taxes without affecting the competitiveness of the private sector.

[Baotou Steel shares: North rare Earth accumulated increase of 0.35% shares] Baotou Steel shares announcement, as of today, North rare Earth accumulated increase of 0.35% of the company's shares, an increase of 400 million yuan, has completed the planned increase of 50.2%.

[European investors invested nearly $1 billion into gold ETF in July] it is reported that European investors injected nearly $1 billion into the exchange gold fund ETF in July, exceeding outflows from US funds, indicating that investors in the United States and Europe have divergent views on inflation, the global economy and the future direction of gold. Gold ETF rose 0.3% in July, mainly driven by European buying and net inflows from Asia, according to the World Gold Council. Gold ETF is still $6 billion smaller than it was at the start of the year.

Terminal information

[total investment 24.8 billion AVIC Lithium plans to build a new battery plant in Hefei] AVIC Lithium announced the location of its sixth battery plant. Over the next five years, the company plans to increase its planned battery capacity to 300 GWh. The company signed an investment agreement with Hefei on the same day to build a new power battery and energy storage battery industry base with an annual capacity of 50 GWh, according to an article on AVIC's official website.

According to the China Association of Automobile Manufacturers, China sold 271000 new energy vehicles in July, another all-time high in a single month, up 164.4% from the same period last year and 5.8% from the previous month. A total of 1.478 million new energy vehicles were sold from January to July, an increase of 197.1% over the same period last year. The penetration rate of new energy vehicles continued to rise to 10% from January to July.

According to the China Shipbuilding Industry Association, in the first half of this year, the national shipbuilding completion volume was 20.92 million deadweight tons, an increase of 19.0% over the same period last year. In this report card, the number of high-end ships has increased significantly. In the first half of this year, the global turnover of new shipbuilding reached 74.97 million deadweight tons, an increase of 222% over the same period last year. Among them, China's new ship orders account for 51% of the world's total, and the average monthly order volume reaches 6.37 million deadweight tons, which is 1.8 times that of shipbuilding in the same period.

[Volvo Sweden suspends production due to lack of core] Volvo announced on Wednesday that it would suspend production at its plant in Gothenburg, Sweden, due to a shortage of semiconductor chips. The company said it would restart production as soon as possible, "by next week at the latest". The company's plant in Belgium had stopped production for a week in June. The move comes a day after Nissan announced that it would stop production at a large plant in Tennessee for two weeks from next Monday because of a shortage of chips. This is the longest shutdown of a US car factory of this size since chip shortages began to affect global car production at the end of last year.

[Ofei data: Guangdong Aofei New Energy will be committed to expanding distributed photovoltaic power generation, energy storage and other new energy business] Aofei data said on the interactive platform, Guangdong Aofei New Energy Co., Ltd. will be committed to expanding distributed photovoltaic power generation, energy storage and other new energy business. At present, Aofei New Energy cuts in from the demand side, taking the self-built Langfang Xunyun data Center as a strategic pilot to build a photovoltaic power generation system and access power to the data center.

[Jiangsu: new prefabricated buildings account for 50% of the newly started construction area Prida during the 14th five-year Plan period] the 14th five-year Plan for the Development of the Construction Industry in Jiangsu Province has been released. During the 14th five-year Plan period, the total output value of the province's construction industry accounted for more than 13 percent of the country's total output value, and the added value of the construction industry accounted for about 6.5 percent of the province's GDP. By 2025, the turnover of the international market will strive to reach 12 billion US dollars, and strive to achieve 4 strong construction cities with an output value of more than 500 billion yuan and 12 strong construction counties (districts) with an output value of more than 100 billion yuan. New prefabricated buildings accounted for 50% of the new construction area of Prida in the same period, finished housing accounted for 70% of new housing, assembly and decoration accounted for 30% of finished housing, and green buildings accounted for 100% of new buildings. By 2025, new buildings in Jiangsu Province will be designed and built in full accordance with ultra-low energy consumption standards.