The Challenge and opportunity of Automobile Industry chain under the Strategy of carbon Peak and carbon Neutralization Application and Development Prospect of lightweight Materials
SMM Morning Review
SMM tin morning news: fundamentals, the upstream performance is relatively stable, the key lies in the downstream demand changes. Although many solder enterprises do not have confidence in this year's "Golden Nine Silver Ten", the preliminary investigation results show that the output of enterprises in August increased slightly compared with that in July, and the expected output in September still increased compared with the previous month. There is a deviation between the psychological expectation of manufacturers and the performance of the data. Therefore, changes in real demand over time need to be further confirmed. On the market trend, the price fluctuation range is not big, the degree of participation of a small amount of funds leaving the market is not high. In the short term, the market is not hot enough after the price has reached a new high, and over-the-counter funds are still waiting for more valuable opportunities.
"shock consolidation directionless market waiting for new hot spots
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Summary of SMM Steel Morning meeting: yesterday, the domestic coke market was stable and strong. At present, mainstream steel mills have accepted the coke price increase of 200 yuan per ton, and the eleventh round of increase has basically landed, with a cumulative increase of 1560 yuan per ton. The profits of coke enterprises have recovered slightly, and their production enthusiasm is relatively high. All provincial coke enterprises are affected by environmental protection inspection, high production costs and other factors. Most coke enterprises are limited in production, and coke output has decreased significantly. Affected by typhoon and other extreme weather, the arrival of some southern steel mills is not good, inventory is low, and even some steel mills are forced to limit production, so the demand for replenishment of steel mills is still strong, and coke is actively purchased. The domestic coking coal market continues to operate steadily.
"Iron ore shock downward black system demand recovery price shock consolidation
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The market closed overnight.
An unexpected increase in US retail sales in August, announced yesterday, partly allayed fears of a sharp slowdown in economic growth, and the dollar index rose further after the report, reaching an intraday high of 92.965, its highest since August 27. The focus has shifted to a two-day policy meeting that ends next Wednesday, waiting for news that the Fed is expected to scale back its stimulus measures. The dollar rose, the metal market was under pressure, and the outer disk metal was mixed.
By the end of the day, Lun Copper had the biggest decline, recording a decline of 2.88%. On Sept. 16, the National Development and Reform Commission said that copper, aluminum and zinc prices remained high and would continue to release copper, aluminum and zinc reserves into the market to guide a reasonable return of prices, which to some extent put pressure on copper prices.
"Click to view the price of SMM copper products.
In the outer disk, with the exception of Lun copper, Lunni and Len lead both recorded varying degrees of decline, of which Len lead fell for the fourth day in a row this week, falling to US $2205 / ton, hitting its lowest level since late June. The trend of Shanghai lead is similar to that of Lun lead, which once fell to 14480 yuan / ton in intraday trading, the lowest since November 2020.
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The overnight outer disk outperformed the inner disk, and Shanghai Nickel fell for the fifth trading day in a row, finally recording a decline of 1.91%.
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In terms of black series, threads, hot rolls and iron ore fell one after another, while stainless steel rose 3.88%. Among them, iron ore continued its previous decline, closing down 6.14%. At one point, it fell to 632 yuan / ton in intraday trading, which was the lowest since May 2020.
【隔夜行情】金属涨跌互现 | 美国8月零售销售数据意外增加 提振美元
U. S. stocks closed mixed on Thursday, with the Nasdaq closing slightly higher. The Dow and the S & P 500 closed lower, extending their weak performance since September. Initial jobless claims rose to 332000 last week, with better-than-expected retail sales figures in August.
In terms of crude oil, US crude oil futures stabilized on Thursday, and the threat of Hurricane Nicholas to US crude oil production in the Gulf of Mexico receded.
In precious metals, international gold futures fell nearly 3 per cent in intraday trading on Thursday, while silver fell more than 5 per cent at one point, as strong US retail sales data boosted the dollar and added to the market's bet that the Fed might accelerate its bond purchases. The dollar jumped, making gold less attractive to holders of other currencies.
Today's macro focus is on the final annual rate of unadjusted core CPI in the euro zone in August, the monthly rate of core retail sales after the quarterly adjustment in August in the UK, and the preliminary consumer confidence index of the University of Michigan in September in the United States.
"[macro outlook] Today focuses on the final annual rate of core CPI in the euro area without quarterly adjustment in August and the monthly rate of core retail sales in the UK after quarterly adjustment in August.
LME inventory
Today's focus
[SMM analysis: profit situation and development direction of listed companies in the wire and cable industry in the first half of 2021] as of August 31, 2021, the semi-annual report of listed companies has been basically announced, according to our SMM statistics, a total of 25 listed companies have wire and cable business. Overall, the cumulative total operating income of the above companies in the first half of 2021 was about 152.66 billion yuan, a substantial increase of 28% over the same period in 2020; the cumulative net profit was about 5.636 billion yuan, a year-on-year increase of 24.29%; and the deducted non-net profit was about 4.232 billion yuan. Of these, 22 made a profit and only 3 lost money. "check the details.
[SMM analysis: the overall demand for copper bars was 59.31% in August.] September entered the traditional peak consumption season, but copper enterprises generally reported that new orders in September have not yet boomed, and domestic export business is still difficult, and the off-season may continue into the last ten days. "View details
[national aluminum bar inventory weekly review: aluminum bar inventory increased by 3300 tons to 148800 tons compared with last Thursday] the latest aluminum bar inventory data from SMM statistics show that aluminum bar inventory has increased by 3300 tons to 148800 tons compared with last Thursday, an increase of 2.3%. Among them, Foshan and Wuxi contributed the main increase, Foshan inventory increased by 4900 tons, or 6.2%, and Wuxi inventory increased by 2400 tons, or 11.34%. Changzhou and Nanchang each go to the warehouse of 2000 tons, and the inventory in Huzhou is maintained. Aluminum prices fluctuated greatly this week, the wait-and-see mood is heavier downstream, and there are still more goods arriving in Guangdong, resulting in an increase in aluminum rod inventory. "View details
[SMM data: domestic electrolytic aluminum social inventory 15000 tons to 766000 tons] September 16, SMM statistics domestic electrolytic aluminum social inventory of 766000 tons, a weekly increase of 15000 tons, Wuxi, Nanhai and Gongyi region contributed the main increase. "View details
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[SMM lead brief Review: lead in Shanghai temporarily stabilizes during the day. Lead prices in Shanghai are expected to remain stable this week) lead prices in Shanghai have temporarily stabilized, the shipping enthusiasm of primary and recycled lead smelters is still low, trading in the trade market is OK, the overall trading of lead ingots this week is light, and the stock is expected to remain. "check the details.
[brief Review of SMM Zinc: macro data in Shanghai fell slightly in August] at the macro level, in accordance with the arrangements for ensuring and stabilizing the prices of commodities at the executive meeting of the State Council, in order to alleviate the pressure on enterprises' raw material costs and play the role of reserve market regulation, the State Grain and material Reserve Bureau released the third batch of national reserves of 50, 000 tons of zinc on September 1. In the near future, the State Grain and material Reserve Bureau will continue to carry out follow-up work according to market supply and demand and price trends. This week will focus on the number of people applying for unemployment benefits for the first time in the United States. Estimated zinc price. "View details
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[SMM tin brief review: after the new high, the capital hesitates slightly and the future direction is unknown under the contradiction between supply and demand] from the fundamental point of view, many downstream solder enterprises do not have much confidence in this year's "Golden Nine Silver Ten", but the preliminary survey results show that the output of downstream enterprises increased slightly in August compared with July, and the expected output of enterprises in September still increased compared with the previous month. Therefore, it remains to be seen whether the actual demand growth can meet expectations and thus absorb the expectations of loose supply. "check the details.
[SMM Nickel brief Review: stainless steel production limit and negative nickel price rose slightly] within days, stainless steel production restriction policy has been upgraded, stainless steel factories in Jiangsu, Guangdong and Guangxi have implemented the policy of stopping production and limiting production, and stainless steel output has dropped sharply. Under market supply worries, SS2110 contracts continue to rise by the limit. Steel mills limit production to reduce the demand for ferronickel, negative nickel price, nickel price downward. However, nickel prices have fallen, the market willingness to purchase has recovered, stack nickel, Shanghai nickel warehouse receipt inventory is still low, nickel prices are expected to have limited downward space. "View details
[SMM analysis: energy consumption double control again upgrade stainless steel production gradually lower] in recent days, SS contract period in East China stainless steel production limit upgrade under the impact of fermentation, all the way up, last night soared to the limit, rising as high as 1325 yuan / ton, the spot market part of the rise, price adjustments are around 600,800, some traders said that the price increase is too fast, but the market demand can not keep up, the transaction has not improved. According to SMM research, on the basis of the strict enforcement of production restrictions in some enterprises in July and August, the production limits were upgraded again in mid-September, and the mainstream stainless steel mills in East and South China stopped production completely and are expected to stop production until at least the end of September. "check the details.
[SMM analysis: can the tight situation of nickel and iron supply be reversed under the background of both limited and restricted stainless steel, nickel and pig iron? Recently, under the general environment of the full implementation of the policy of limiting energy and production, the production of ferronickel and stainless steel in various provinces in China has been significantly affected. As early as in early July, the notice on the iron and steel industry that "the output of 2021 will not exceed that of 2020" has been announced, but the overall implementation in August is only in Guangxi. Since September, Jiangsu, Guangdong, Shandong, Guangxi and other regions have again received notices of production restrictions, requiring major stainless steel factories to strictly implement production reduction measures. In some provinces, in addition to stainless steel plants, ferronickel plants have also received notices to limit production and electricity one after another. SMM survey summarized the current production reduction manufacturers. "check the details.
[SMM comment: industrial energy consumption in Wulanchabu City continues to decline, it is difficult to mention the output of ferrochromium in Inner Mongolia] this year, Wulanchabu City has strictly implemented the requirements of the "double control" policy of energy consumption, and achieved remarkable results in saving energy and reducing consumption. From January to August, the comprehensive energy consumption of industries above scale (equal value in the article) was 13.775 million tons of standard coal, down 6.4 percent from the same period last year, and the electricity consumption of industrial enterprises above scale reached 31.53 billion kilowatt-hours, down 4.8 percent from the same period last year. Due to the recent continuous reduction in the power supply of Electroweb, industrial enterprises cannot produce at full capacity. In August, the energy consumption and electricity consumption of industrial enterprises above scale decreased uniformly. In that month, the energy consumption was only 1.612 million tons of standard coal, down 23.8% from the same period last year. Electricity consumption dropped to 3.81 billion kilowatt hours, down 17% from the same period last year. "View details
[SMM comment: Guizhou Energy Bureau issued an orderly power consumption plan. Guizhou's high chromium output may decline in September.) ensure the safe and stable operation of Guizhou Electroweb, give priority to ensuring residents' basic daily electricity consumption, ensure reliable power supply for party and government organs, schools, hospitals and other important administrative institutions, strive to keep power off, and orderly arrange the off-peak production of all kinds of industrial and mining enterprises. "View details
[SMM hot coil inventory: hot rolling inventory slightly reduced supply] SMM Steel: this week's total hot rolled coil inventory of 3.6593 million tons, compared with last week-31300 tons, month-on-month-0.85%, year-on-year-9.28%. Hot rolling production and demand have declined this week. On the one hand, blast furnaces have been overhauled in northern hot rolling mills. On the other hand, Typhoon Candu has had an impact on the demand for hot coils in East China. The total inventory continues to decline, and the speed of hot rolling removal temporarily slows down. "View details
SMM hot spot analysis: double control of energy consumption is sweeping the steel market, and the production restrictions of these 9 provinces will be increased! In 2021, as the opening year of the 14th five-year Plan, the National Development and Reform Commission issued a document to strengthen the total and intensity control of energy consumption, formulate and implement the "14th five-year Plan Comprehensive work Plan for Energy Saving and Emission reduction", and further strengthen the evaluation and assessment of the target responsibility for double control of energy consumption. we will resolutely curb the blind development of the "two high" (high energy consumption and high pollution) projects. One of the main objectives of the Plan is that by 2025, the total energy consumption of the region will be controlled within 225 million tons of standard coal, the average annual growth rate of energy consumption will be less than 3.5%, and the total carbon emissions will be effectively controlled. The Plan emphasizes the need to optimize the industrial and energy structure, strengthen energy conservation and carbon reduction in key areas, strengthen the management and control of key unit energy consumption and carbon emissions, and vigorously develop circular economy. "View details
[SMM Electrolytic Manganese Daily Review: terminal power reduction obvious manganese raw material supply] in the second half of the week, most of the domestic terminal mainstream steel enterprises limited electricity policy to reduce the production of 200 series steel, SMM believes that procurement will be reduced before the Mid-Autumn Festival, in addition, manganese plant start-up in mid-September significantly increased month-on-month, demand release before the short-term there is no shortage of traders low-price shipments, short-term manganese factory price willingness has not decreased, supply and demand wait and see. "View details
[SMM analysis: double control of energy consumption in Yunnan has greatly reduced the supply of yellow phosphorus and intensified the contradiction between supply and demand of upstream and downstream phosphoric acid] on September 13, in order to implement the decision and deployment of the State Council on curbing the development of the "two high" projects, the leading Group of Energy Saving work of Yunnan Provincial Development and Reform Commission issued a notice on resolutely doing a good job in the relevant work of double control of energy consumption. The local rich yellow phosphorus is a typical high energy-consuming product, with a power consumption of up to 15000 kilowatt-hours per ton, and environmental protection supervision continues to maintain a high-voltage situation, and it is also one of the key control industries this time. It is required that the average monthly output of the yellow phosphorus production line from September to December 2021 should not exceed 10% of the output of August (that is, a reduction of 90%). "check the details.
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According to SMM, Shenzhen Zhongjin Lingnan Nonferrous Metals Co., Ltd. conducted an open tender for sale of 5.9t indium ingots yesterday. [SMM indium industry report analysis: CICC Lingnan bidding for 5.9t indium ingots] according to SMM's understanding, Shenzhen Zhongjin Lingnan Nonferrous Metals Co., Ltd. The result of the tender is before the Mid-Autumn Festival on September 18, and the opening price is the average price of 1700 yuan / kg for indium ingots of SMM. "View details
[SMM molybdenum spot KuaiBao | the steel price stabilizes and the molybdenum city still has a rising expectation in the future] SMM believes that in the short term, the domestic molybdenum market price does not have strong favorable conditions to support its recovery, but Ruihua and Luo Molybdenum will enter the maintenance in the near future, if the steel factory steel recruitment volume is well supported in the later stage, the price will probably pick up, if the steel recruitment volume still does not improve obviously, the price is expected to be stable. "View details
[SMM Bismuth Market follow-up report: Jiang Copper lead and Zinc bidding for 100 tons of crude Bismuth] according to information learned by SMM, Jiangxi Copper lead and Zinc Metal Co., Ltd. will conduct an open bidding for its 100 tons of crude bismuth. Although it is not fully clear when the final announcement will be made, Jiangxi Copper lead-Zinc Metals Co., Ltd. has asked bidders to make an offer by 15:00 on Sept. 17. "View details
"Click to view the spot quotation of SMM small Metals.
[SMM News: the price of magnesium alloy rose more than 70% per month, Yunhai Metal's share price hit a 10-year high] Yunhai Metal closed its trading limit at the end of trading yesterday, and Yunhai Metal hit a strong limit again in early trading this morning, and then the gain narrowed somewhat, but it still rose more than 8%, and the intraday share price reached its highest level since March 2011. "View details
[SMM Daily Review: rare earth market overall stable praseodymium and neodymium oxide prices slightly downward] on Thursday, the spot market of rare earths was mainly stable, praseodymium and neodymium was steadily weakening, terbium and dysprosium quotations were higher and transactions were stable, while NdFeB blank quotations remained unchanged. Some magnetic materials enterprises said that there were no new orders in the near future, and the stock of raw materials was still sufficient to maintain production. "View details
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Important news of metals and industry
[development and Reform Commission: will continue to put copper, aluminum, zinc and other material reserves into the market] according to the news on September 16, Li Hui of the Development and Reform Commission said that all parties in the market have responded enthusiastically to the release of reserves, and the price of copper, aluminum and zinc is still running high at present. In the next step, we will closely monitor the changes in market prices and continue to release material reserves into the market, so as to guide prices to gradually return to a reasonable range. "View details
[Ministry of Natural Resources: focus on doing a good job in the investigation of the national conditions of minerals such as copper, aluminum, gold, nickel, cobalt and lithium] on September 15, the Ministry of Natural Resources issued the Circular on perfecting the dynamic Renewal Mechanism of Mineral Resources reserves and doing a good job in the investigation of the National conditions of Mineral Resources. It is mentioned that it is necessary to further improve the working mechanism of the annual report of mine reserves. We will focus on the national investigation of minerals such as oil, natural gas, uranium, iron, chromium, copper, aluminum, gold, nickel, cobalt, lithium, zirconium and potash, so as to consolidate the wealth of mineral resources. "View details
Recently, Jiangsu sent an emergency notice: the state requires power restriction, tentatively scheduled for 15 days, and will be implemented from 0: 00 on September 15. The city has uniformly arranged the power supply department to do a good job of power outage service. The notice requires accurate power pull: industrial pull-off, domestic electricity retention, maintenance of safe electricity, security load. Unified maintenance for half a month, office air conditioning disabled, street lamp control halved. Please take good measures to deal with it. SMM learned that most of the downstream copper processing enterprises were not affected, only individual enterprises in Changzhou received power cut notices, enterprises coordinated with the reduction of energy consumption, reduced production or planned to stop production and overhaul ahead of time. At present, the impact of the power cut in Jiangsu on the copper processing industry as a whole is limited. SMM will continue to pay attention to the follow-up impact.
[Guizhou and Guangxi electrolytic aluminum and alumina power production restrictions or tightening] according to SMM research, the Guizhou Provincial Energy Bureau recently issued a notice on issuing an orderly power consumption plan for Guizhou Province in 2021, explaining that the plan was formulated to actively deal with the possible power supply tension in Guizhou Province in 2021 and to ensure the safe and stable operation of Guizhou Electroweb. The implementation plan includes three parts: prevention and pre-control, hierarchical early warning, and hierarchical response. The document involves four alumina plants in Guizhou Province (with an annual production capacity of 4.4 million tons, excluding Guizhou Qizheng) and all five electrolytic aluminum plants (with a total annual production capacity of 1.343 million tons and a current operating capacity of 1.3 million tons). In addition to Guizhou Province, the news of stricter power restrictions in Guangxi has fermented again. It is rumored that since September, the electricity load of electrolytic aluminum enterprises will be reduced by 35% on the basis of the average electricity load from January to June, while that of alumina enterprises will be reduced by 70% on the same basis. SMM will continue to follow up.
[cloud Aluminum Co., Ltd.: the company expects the annual electrolytic aluminum production to drop to about 2.36 million tons in 2021] Yunnan Aluminum shares announcement, recently, the company has learned that the relevant local departments have issued a notice on resolutely doing a good job in double control of energy consumption, and the implementation of this policy will lead to a significant reduction in the company's electrolytic aluminum production from September to December 2021 compared with the production plan formulated at the beginning of 2021, and the annual electrolytic aluminum production is expected to drop to about 2.36 million tons in 2021. The orderly use of electricity and the reduction of output will have a great impact on the company's key technical indicators, product costs and economic benefits.
[development and Reform Commission: stick to the bottom line of coal for people's livelihood and play a role in ensuring supply and stabilizing prices by medium-and long-term contracts] on the one hand, it is required to promote the direct protection and full coverage of medium-and long-term coal contracts for power generation and heating enterprises, to ensure the need for coal for power generation and heating, and to keep the bottom line of coal for people's livelihood, said Meng Wei, a spokesman for the National Development and Reform Commission. On the other hand, on the basis of the medium-and long-term contracts that have been signed this year, power generation and heating enterprises and coal enterprises have signed a number of medium-and long-term contracts to increase the proportion of medium-and long-term contracts in annual coal consumption to 100%.
[Luzhou stops coal mine operations and evacuates underground personnel] A 6.0 grade Earthquake occurred in Lu County, Luzhou City, Sichuan Province. The Luzhou Municipal Emergency Commission has instructed the coal mine to stop underground operations and withdraw all underground workers, and there is no abnormal situation in the city's dangerous chemical enterprises for the time being.
[Luzhou Emergency Commission has instructed the coal mine to stop underground operations] Luzhou Emergency Commission has instructed the coal mine to stop underground operations and withdraw all underground operators, and there is no abnormal situation in the city's dangerous chemical enterprises for the time being. A 6.0 magnitude Earthquake occurred in Lu County, Luzhou, Sichuan this morning. The Emergency Management Department launched the Earthquake emergency response level 3, sending a working group led by the deputy director of the China Seismological Bureau to the scene to guide the earthquake relief work. This morning, the Sichuan Seismological Bureau held a press conference. Du Bin, deputy director of the Sichuan Seismological Bureau, said that the Sichuan Seismological Bureau sent 46 on-site working groups at about 5: 00. At the same time, Sichuan Seismological Bureau organized experts to jointly carry out emergency analysis and consultation with the Monitoring and Prediction Department of China Seismological Bureau and Chongqing Seismological Bureau. According to a comprehensive analysis of experts, it is unlikely that a larger Earthquake will occur in the region in the near future, but aftershocks will continue for some time, and attention should be paid to the prevention of subsequent aftershocks.
[during the 13th five-year Plan period, Ganzhou City withdrew 2 million tons of iron and steel production capacity] since 2016, various localities and relevant departments in Ganzhou City have focused on key industries such as dangerous chemicals, mines, industry and trade, construction, fire control, civil explosives, special equipment, electric power, road transport, and so on. Integrated forces, linkage, continued to carry out a series of various forms of special rectification, inspection and law enforcement and other control actions. 34 coal mines were closed and all Ganzhou coal mines were withdrawn; four enterprises with iron and steel excess capacity were eliminated, withdrawing 2 million tons of iron and steel production capacity, accounting for more than 40% of the province's total, comprehensively fulfilling the task of eliminating iron and steel excess capacity during the 13th five-year Plan period; and completing the comprehensive management of 4 underground mine goaf, 21 in-use tailing reservoirs and 47 non-main tailings reservoirs. Establish 535 safety risk grading management and control demonstration enterprises, complete the establishment of production safety standardization of 1321 enterprises, take the lead in completing the overall safety risk assessment of chemical parks (concentration areas) in the province, and uniformly plan the furniture industry park and agglomeration area.
[the China Coal Association organizes key domestic coal enterprises to issue an initiative: actively resist the act of driving up market prices] the China Coal Industry Association and the China Coal Transportation and Marketing Association organize key domestic coal enterprises to jointly issue an initiative: take the initiative to stabilize coal prices, do not raise prices at will, actively resist the act of driving up market prices, guide market prices to gradually return to a reasonable range, and promote the smooth operation of the coal market and the high-quality development of the industry. Under the premise of ensuring safe production, we should strive to improve the guarantee capacity of coal resources, prepare resources in advance for this winter and next spring heating season, give full play to the main role of high-quality coal mine production capacity, actively tap potential and increase production, and make every effort to ensure a safe and stable supply of coal.
The strike is over! (Albemarle Corp), the world's largest lithium miner, said on Wednesday that it had reached a labor contract agreement with unions at the Salar plant in the Atacama Salt Lake in Chile, ending a month-long strike. In August, the Salt Lake's "Albemarle Salar" union went on strike after failing to reach an agreement with Yabao. The union has 135 workers, equivalent to half the employees of the Salar plant.
[Fulin Seiko reply concern letter: there is some uncertainty about whether the Salt Lake Mine can obtain the mining right] Fulin Seiko disclosed the letter of concern of the Shenzhen Stock Exchange. Up to now, Hengxinrong Company is still in the stage of transferring exploration rights to mining rights. The exploration and conversion of salt lake mining rights still needs the approval of national natural resources and other competent authorities, and there is some uncertainty about whether the mining rights can be obtained as planned. Considering that there is a certain time period for the "exploration and conversion mining" work of the Salt Lake Mine and the production and capacity expansion of lithium carbonate, if the global new energy vehicle industry and lithium material industry decline in the later period, the reverse change of the relationship between supply and demand is earlier than the time for Hengxin Rong Company to obtain mining license, project production expansion and revenue recovery, Hengxin Rong Company will face the risk that the project development progress and income will not reach the expected level.
[Yan'an Bikang Lithium hexafluorophosphate will be supplied with more than 16300 tons of Lithium hexafluorophosphate in the next 4 years] on September 15, Yanan Bikang (002411) announced that the company's holding subsidiary, Jiujiu Technology, signed a long-term strategic cooperation agreement with Yienke battery. negotiate to determine the supply and purchase of lithium hexafluorophosphate products.
[Ningde Times has strategic cooperation with BASF on positive active materials and battery recycling] Ningde Times New Energy Technology Co., Ltd. (hereinafter referred to as "Ningde Times") and BASF Europe (hereinafter referred to as "BASF") announced the establishment of a strategic partnership in the field of battery material solutions. The partnership, which includes cathode active materials (CAM) and battery recycling, aims to develop a sustainable battery value chain to promote the localization of the Ningde era in Europe and to achieve the global goal of carbon neutralization.
[development and Reform Commission: encourage local governments to increase renewable energy consumption] the National Development and Reform Commission issued the Plan for improving the double Control system of Energy consumption intensity and Total Energy consumption. The plan proposes to encourage local governments to increase renewable energy consumption. According to the situation of renewable energy power consumption and green power certificate transactions in various provinces (autonomous regions and municipalities directly under the Central Government), for areas that have over-fulfilled the responsibility weight of incentive renewable energy power consumption, the amount of consumption that exceeds the minimum responsibility weight of renewable energy power consumption will not be included in the assessment of the total energy consumption in the current period of the annual and five-year plans in the region.
Macro focus
[the tariff Commission of the State Council publishes the fifth extension list of the exclusion of tariff commodities levied on the United States and Canada] with the approval of the State Council, the tariff Commission of the State Council publishes the extension list of the fifth exclusion of tariff commodities levied on the United States and Canada. For 81 items in the notice of the Customs tariff Commission of the State Council on the first exclusion extension list of tariff Commodities of the United States and Canada (tax Commission Bulletin (2020) No. 8) and the tariff Commission of the State Council on the third exclusion extension list of tariff Commodities of the United States and Canada (Taxation Commission Bulletin (2021) No. 2), extend the exclusion period from September 17, 2021 to April 16, 2022, We will continue not to impose the tariffs I imposed on the anti-US 301 measures.
[Ministry of Commerce: the economic and trade teams of China and the United States have maintained normal communication] at the regular press conference held by the Ministry of Commerce on September 16, a media asked: the heads of state of China and the United States spoke on the phone on the 10th and agreed to continue to maintain regular contact through various ways. will instruct the working levels of the two sides to step up work and extensive dialogue. Will the Secretary inform this Council whether the two sides still maintain communication at the economic and trade level? What are the specific plans for the next step? Shu Pingting, a spokesman for the Ministry of Commerce, said: we will conscientiously implement the important consensus reached by the two heads of state on the phone. The economic and trade teams of China and the United States have maintained normal communication. If there is any further information, it will be released in time.
[Commerce Department: unilateral trade protectionism is bad for China and bad for the United States] at a regular press conference held by the Ministry of Commerce on September 16, some media asked: according to US media reports, the Biden administration of the United States is discussing whether to launch a new round of Section 301 investigation on taxing China. How does the Ministry of Commerce view this situation? Shu Pingting, a spokesman for the Ministry of Commerce, responded: we have taken note of the relevant reports. China has always believed that unilateral trade protectionism is not conducive to China, the United States and the recovery of the world economy.
President Xi Jinping will attend the commemorative summit of the Shanghai Cooperation Organization (SCO). On 16 September, Foreign Ministry spokesperson Zhao Lijian held a regular press conference. Zhao Lijian stressed: at present, the century-old changes and the century epidemic situation are superimposed and intertwined, and the international and regional situation is undergoing complex and profound changes. The SCO shoulders a more important mission in maintaining regional security and stability and promoting the development and revitalization of all countries. At the upcoming SCO summit, President Xi Jinping will comprehensively sum up the successful experiences of the SCO with leaders of the participating countries, and have an in-depth exchange of views on SCO cooperation in various fields and major international and regional issues under the new situation. approve a series of important cooperation documents and plan the next development direction of the organization. It is believed that with the personal promotion of the leaders of various countries, the SCO will certainly achieve new development at a new starting point and continue to work to build a closer community with a shared future for the better benefit of the people of all countries in the region.
[development and Reform Commission: timely introduction of necessary policies and measures to avoid short-term fluctuations affecting long-term fundamentals] Li Hui, deputy director of the Comprehensive Department of the National Development and Reform Commission, said that the National Development and Reform Commission, together with relevant parties, will closely track changes in economic trends, continue to strengthen cross-cyclical regulation, coordinate policy design and convergence this year and next year and the third and fourth quarters of this year, and introduce necessary policies and measures in a timely manner. We should consolidate the foundation for stable economic recovery and development, prevent major ups and downs, avoid short-term fluctuations affecting long-term fundamentals for the better, and keep the economy running within a reasonable range.
Terminal information
[Ministry of Commerce: the volume and amount of China's car exports reached an all-time high in the first eight months] at a regular press conference held by the Ministry of Commerce on September 16, spokeswoman Shu Pingting said: in the first eight months of this year, the volume and amount of China's car exports have increased significantly, surpassing the level of the whole of last year and reaching record highs for the same period. According to customs statistics, from January to August this year, China exported 1.318 million cars, an increase of 117.5 percent over the same period last year, with a value of 137.7 billion yuan, an increase of 111.1 percent. Shu Pingting analysis believes that the rapid growth of China's automobile exports is mainly driven by three factors: the recovery of the global automobile market. Affected by the epidemic, global car sales fell 13% last year and have resumed growth since the beginning of this year. According to the statistics of the World Automobile Organization, global car sales in the first half of the year were 35.604 million, an increase of 28.2% over the same period The export of new energy vehicles plays an obvious role. According to the statistics of the Association of Automobile Manufacturers, China exported 173000 new energy vehicles from January to August, an increase of 4.5 times over the same period last year, contributing about 20% to the growth of automobile exports.
[Ministry of Commerce: support the development of new energy vehicles and carry out in-depth activities to the countryside of new energy vehicles] the Ministry of Commerce issued a circular on further doing a good job in the current key work of promoting consumption in the commercial field. The circular proposes to promote the consumption of new cars. We will speed up the transformation of cars from purchase management to use management, remove obstacles that restrict the purchase and use of cars, and release the potential of automobile consumption. We will support the accelerated development of new energy vehicles and carry out in-depth activities of new energy vehicles to the countryside in conjunction with relevant departments. Expand the consumption of used cars. Encourage second-hand car distribution enterprises to brand and chain operation, and promote the innovation of circulation mode. We will promote the implementation of the policy of abolishing restrictions on the relocation of used cars. Support qualified enterprises to carry out second-hand car export business and expand the scale of second-hand car export in an orderly manner.
[European Commission President von der Lane: a new European chip bill will be introduced] von der Lane said that the EU needs to improve the independence of the semiconductor industry and become a world leader in this field, and countries need to cooperate in chip investment. In addition, the European Union will donate another 200 million doses of novel coronavirus vaccine by the middle of next year and allocate another 100 million euros for aid to Afghanistan.
[Han Zheng: speeding up the R & D and industrialization of key technologies such as automotive chips and operating systems to promote the consumption of new energy vehicles] Vice Premier Han Zheng of the State Council attended and delivered a speech at the 2021 World Conference on New Energy vehicles by video in Beijing on the 16th. Han Zheng said: at present, new energy vehicles have entered a new stage of accelerated development, and it is necessary to speed up the breakthrough of key core technologies, overcome the bottleneck of fuel cell technology, and speed up the research, development and industrialization of key technologies such as vehicle chips and operating systems. It is necessary to adhere to cross-border integration, coordinate the construction of a new industrial ecology, promote networking, intelligence and electrification technology to go hand in hand, adhere to market leadership, improve industrial management and support policies, and speed up infrastructure construction. we will promote the consumption of new energy vehicles in the public and private sectors, and continue to expand the application scale of new energy vehicles.
[Volvo plans to value its IPO, at $20 billion in the coming weeks] China Geely Holdings is in in-depth discussions with banks about Volvo's listing in the coming weeks, according to three people familiar with the matter. It is reported that Volvo's Stockholm listing is valued at about $20 billion and is scheduled to take place at the end of September, which is expected to be one of the largest IPO in Europe this year.
Ministry of Industry and Information Technology: at present, the cost of new energy vehicles in China is still on the high side. In addition, the key components of electric vehicles power batteries are facing lithium, cobalt, nickel and other mineral resources security and price rising pressure, the Ministry of Industry and Information Technology will work with relevant departments to speed up the overall planning and improve the guarantee capacity.
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