Metal Puzenglun aluminum hit a 13-year high | monthly outlook for copper, lead and zinc in October [SMM Metal Morning reference]

"the annual meeting of the SMM metal industry in 2021 is officially launched | under the dual-carbon goal, the interpretation of metal fundamentals and price research policies in 2022 is a brainstorming attack!

Minutes of SMM morning meeting

SMM Tin Morning News: a slight reduction in smelter production in September may be the supply-side reason for the tight supply of goods in the market around the National Day, while with the expected growth of upstream production in October, it is critical that the future downstream demand can be matched accordingly. On the other hand, the confidence of long funds in this position needs to be verified by the trend. It is expected that today.

The trend of the small departure of funds fluctuated and fell back to the 280000 integer mark to meet the test again [SMM Tin Morning News]

"Click to view the price of SMM tin products

Summary of SMM Steel Morning meeting: yesterday, Lianhe Railway was strong and volatile, and the main contract closed at 797.5, an increase of 6.48% throughout the day; the early quotation in the port spot market was 20 yuan / ton higher than that of last Friday. Some merchants have a high enthusiasm for quotation, but they are willing to ship goods, and their quotations have been raised one after another. Some steel mills under the support of rigid demand, inquiry transaction enthusiasm is also good; the overall trading atmosphere of the port spot market is better.

October SMM hot rolling production schedule reduced by 572000 tons month-on-month, short-term supply and demand double weak steel prices maintained stable operation [minutes of SMM Iron and Steel Morning meeting]

"Click to view the price of SMM steel products

Review of overnight market

A closely watched indicator of long-term inflation expectations in the US bond market suggests that the Fed may lose control of rising inflationary pressures. 5y5y forward break-even inflation is close to its highest level in about seven years, the second such warning in recent months. In May, a similar rise prompted Brian Sack, a former head of monetary and financial market analysis at the Federal Reserve Board, to join other officials in warning the Fed of the need to signal policy changes.

The dollar rose on Monday as soaring energy prices prompted investors to seek safe havens and FED is expected to announce a reduction in bond purchases next month. The US fixed income market was closed for the holiday on Monday, but the yield on the benchmark 10-year note hit a four-month high of 1.617 per cent on Friday, although data showed that the number of jobs created in September was the lowest in nine months, well below expectations. But the unemployment rate fell to an 18-month low, suggesting that concerns about labour shortages are still justified.

Inner plate metal market rose generally, only tin down. Shanghai copper rose 2.08%, Shanghai aluminum rose 2.21%, Shanghai lead rose 1.46%, Shanghai zinc rose 1.88%, Shanghai nickel rose 0.01%, Shanghai tin fell 0.87%. The performance of the outer disk was not as good as that of the inner market, with Lun copper up 1.85%, Lun aluminum up 2.66%, Lunzn zinc up 2.3%, Lunni down 0.2%, Lunxi up 0.37%, and lun lead down 0.23%.

(LME) aluminum on the London Metal Exchange rose to its highest level since 2008 on Monday as traders worried about rising energy and raw material costs and production cuts in China, a major producer. Aluminium prices have risen more than 50 per cent this year after rising 9 per cent in 2020. China's aluminum production has been limited by the government's efforts to crack down on pollution, which has been further hit by power shortages. India also faces power outages, while soaring energy costs have forced a Dutch aluminium producer and a Spanish steel mill to stop production.

Us Dollar gains Metal gains Shanghai Copper and Shanghai Aluminum are up more than 2% [overnight market]

U. S. stocks closed lower on Monday. Traders are concerned about soaring energy prices and the upcoming earnings season for U. S. stocks. Goldman Sachs cut its forecast for US economic growth this year and next, and predicted that the Fed was in no hurry to raise interest rates. The Dow fell 250.19 points, or 0.72%, to 34496.06; the Nasdaq fell 93.34 points, or 0.64%, to 14486.20; and the S & P 500 fell 30.15 points, or 0.69%, to 4361.19.

On crude oil, international oil prices surged to their highest level in years on Monday, driven by a rebound in global demand. The rebound in global demand has led to power and gas shortages in major economies such as China. The pace of economic recovery from the epidemic has boosted energy demand at a time when oil production has slowed because of reduced production in oil-producing countries during the outbreak, oil companies focused on dividends and pressure on governments to shift to clean energy.

In precious metals, COMEX gold futures edged lower on Monday, falling for the third day in a row and recording the longest decline in nearly a month, as the dollar rose as the market bet that the Fed would not postpone its plan to scale back stimulus measures, but stagflation expectations limited the decline.

On the macro level, today we focus on the scale of social financing in China in September, the ZEW economic climate index in the euro area, the ZEW economic climate index in Germany in October and JOLTs job vacancies in the United States in August.

"[macro outlook] focus on the ZEW economic climate index in Germany in October and JOLTs job vacancies in the United States in August.

LME inventory

Today's focus

[SMM monthly outlook on the impact of power cuts is difficult to understand the impact of power cuts in October copper prices may be weak in October. On the whole, the copper market may show a situation of weak supply and demand. Although power cuts will have an impact on both supply and demand, on the whole, it will have a greater impact on consumers. In terms of scrap copper, the high quotation of imported recycled copper raw materials leads to the upside-down price difference between internal and external prices of some raw materials, which is not conducive to imports. It is still difficult for imports to increase significantly in the short term. For the domestic supply of scrap copper, the demand will be greater than the supply. Sum it up. "check the details.

[SMM mainstream copper inventory weekly data] as of Monday, October 11, SMM national mainstream copper market inventory increased by 1400 tons compared with last Friday to 112400 tons. This is mainly due to the increase in inventories in eastern China, with copper inventories in Shanghai rising by 4100 tons to 80, 000 tons compared with last Friday; to Guangdong, where copper inventories are reported to have decreased by 2700 tons to 14500 tons compared with last Friday; and little has changed in the rest of the region. "View details

"Click to view the price of SMM copper products.

[domestic electrolytic aluminum social inventory increased by 2000 tons to 864000 tons compared with October 8] on October 11, SMM counted domestic electrolytic aluminum social inventory of 864000 tons, a small increase of 2000 tons over October 8. Wuxi and Gongyi contributed mainly to the increase. "View details

[China's alumina output of 5.986 million tons in September continues to pay attention to the impact of the northern heating season] SMM data show that in September (30 days), China's alumina production was 6.196 million tons, of which metallurgical grade alumina was 5.986 million tons, and the average daily output of metallurgical grade was 199500 tons, a small increase of 0.46% over the previous month and an increase of 5.05% over the same period last year. "View details

"Click to view the price of SMM aluminum products

[SMM monthly outlook loss, power cuts and other factors make lead prices fluctuate slightly in the short term] looking forward to October, on the one hand, after the National Day, we should pay attention to the continuous impact of post-holiday power cuts, environmental protection and other factors on the supply and demand side; On the other hand, the original lead delivery brand enterprises enter into maintenance in October, the impact is expected to be more than 20,000 tons / month, at the same time, we should pay attention to the inventory of primary lead smelters during the holiday period (except for maintenance, other basic normal production, while downstream enterprises have 2-3 days off during the National Day holiday), as well as delivery expectations after the festival. Put it all together. "check the details.

[SMM Research: delivery and Environmental Protection slows lead Ingot Bank turns to small growth trend] SMM10 March 11: according to SMM research, as of October 11, the total inventory of SMM lead ingots in the five places reached 206500 tons, an increase of about 900tons compared with last Friday, and a decrease of 9400 tons compared with Monday before the festival. "View details

[SMM data: electrolytic lead production decreased by 5.62% in September 2021, down 5.62% from the previous month and 2.36% compared with the same period last year, China's electrolytic lead production in September 2021 was 261500 tons, down 5.62% from the previous month and 2.36% from the same period last year. From January to September in 2021, production increased by 4.55% compared with the same period last year. The total production capacity of the enterprises involved in the survey in 2021 will be 5.481 million tons. "View details

"Click to view the price of SMM lead products

[SMM monthly outlook for the expansion of power cuts & low inventories support the strong short-and medium-term trend of zinc prices] the main contradiction of zinc in the near future lies in overseas smelters. European natural gas, coal, electricity and other energy prices soar, leading to rising costs of production enterprises. As for zinc, which has low smelting profits, nyrstar smelters in the Netherlands have already reduced production due to electricity prices and other factors. The market is worried that the impact of future energy problems on zinc smelters will further expand, and before this expectation is falsified, SMM believes that it will continue to see an upward revision of zinc price valuations. Back at home, the current situation is weak in both supply and demand. At present, the power cuts at the smelting end are concentrated in Yunnan, Guangxi and Hunan, in which the power cuts in Guangxi and Hunan refineries have been expanded, and some smelters have stopped production before the National Day. At present, the scope of limited electricity influence in the lower end has been expanded, concentrated in Guangdong, Jiangsu, Tianjin, Hebei and other areas, considering that the distribution of downstream enterprises is too scattered, and the impact is different, it still needs to be observed through zinc ingot inventory. On inventory. "check the details.

[SMM Seven zinc ingots social inventory increased by 2800 tons compared with last Friday] SMM October 11: according to SMM, as of Monday (October 11), SMM Seven zinc ingots inventory totaled 136600 tons, an increase of 2800 tons compared to last Friday (October 8), and an increase of 16800 tons over the pre-festival (September 30). "View details

[SMM research: the impact of regional power cuts on electrolytic zinc production in September is seriously lower than expected] SMM China's refined zinc production in September 2021 was 511900 tons, an increase of 3000 tons or 0.59 percent, a decrease of 6.85 percent over the same period last year. The cumulative output from January to September in 2021 was 4.554 million tons, an increase of 3.06 percent over the same period last year. Among them, the sample alloy output of domestic refining zinc smelters in September was 72900 tons, a decrease of 2539 tons compared with the previous month. According to SMM research, the actual increase of domestic refined zinc in September is far less than expected. The main reason is that the impact of power cuts in refineries in Hunan, Guangxi and Yunnan has intensified since the Mid-Autumn Festival in September. Among them, some recycled zinc refineries in Hunan have stopped production since the Mid-Autumn Festival to National Day, while other refineries have also been subject to a power limit of about 3050%. Refineries in Guangxi continued to have the impact of power cuts in September, and the power cuts intensified in the Mid-Autumn Festival. Yunnan area is relatively less affected by power cuts, and the overall local output is still increased compared with August, in line with previous expectations. Other refined zinc production fluctuations are in line with expectations, including the shutdown of a refinery in Inner Mongolia, the month-on-month increase in refinery output in Shaanxi, and the major increments brought about by the resumption of production in Gansu. "View details

"Click to view the price of SMM zinc products

[operation of the iron and steel industry from January to August in 2021] first, iron and steel production continued to decline month by month compared with the same period last year. According to the National Bureau of Statistics, the national output of pig iron and crude steel from January to August was 605.38 million tons and 733.02 million tons respectively, up 0.6% and 5.3% respectively over the same period last year. Of this total, the national pig iron output in August was 71.53 million tons, down 11.1 percent from the same period last year, and the national crude steel output in August was 83.24 million tons, down 13.2 percent from the same period last year. Second, the price of steel dropped slightly. At the end of August, China's composite steel price index was 151.17 points, down 2.31 points or 1.5 per cent from the end of July, according to the China Iron and Steel Association. Third, steel inventory remains stable. In late August, the China Iron and Steel Association focused on statistics of social stocks of five major varieties of steel in 20 cities of 11.74 million tons, a decrease of 290000 tons, or 2.4 percent, from late July; an increase of 4.44 million tons, or 60.8 percent, over the beginning of the year; and a decrease of 610000 tons, or 4.9 percent, compared with the same period last year. Fourth, the import volume of iron ore decreased compared with the same period last year. From January to August, the country imported 746.45 million tons of iron ore and its concentrates, down 1.7 percent from the same period last year, with an import value of 861.2 billion yuan, according to the General Administration of Customs. Among them, in August, the country imported 97.49 million tons of iron ore and its concentrates, down 2.9 percent from the same period last year, with an import value of 130.8 billion yuan. "View details

[SMM Hot Rolling scheduling report] SMM Iron and Steel: according to the latest tracking of SMM, the planned hot-rolled commodity volume of 35 mainstream hot-rolled steel mills surveyed in October totaled 9.751 million tons, which was 572000 tons lower than the actual hot-rolled commodity output in September and 5.87% lower than the previous month. Look at it by region. "check the details.

[SMM survey building materials output fell off the cliff, is there any incomplete specification in each region? At the present stage, the double control of energy consumption is strengthened in many places in China, and the production limit is still relatively strict. Steel mills in various regions actively take measures to limit production equipment, stop production and overhaul in advance in order to reach the limit standard, and the output of iron and steel decreases obviously. Among them, the reduction in building materials is particularly obvious, according to CISA data, crude steel production in mid-early September 2021 has fallen to the lowest production level in the same period of nearly four years. "View details

[SMM investigation: the impact of rainfall on the local iron and steel industry in Shanxi] since the National Day, Shanxi has experienced rare torrential rain, but stoves in 14 provinces have failed to illuminate their own rainy night. According to the news released by the Shanxi Provincial Emergency Management Department on October 10, the recent severe flooding in Shanxi has affected 1.7571 million people in 76 counties (cities and districts) in 11 cities in the province, 120100 people have been urgently relocated, 2.8496 million mu of crops have been affected, and more than 17000 houses have collapsed. As of October 8, Shanxi has stopped production of 60 coal mines, 372 non-coal mines, 14 dangerous chemical enterprises, 1035 projects under construction, and many roads in Shanxi have also been interrupted by mountain landslides. At present, Shanxi Province has launched a level III emergency response to geological disasters. SMM conducted a centralized survey of the iron and steel industry in the region, as follows. "View details

[SMM Statistics domestic electrolytic manganese production increased 7.3% month-on-month in September 2021 compared with the same period last year, down 10.4% from the same period last year] according to SMM statistics, the total domestic electrolytic manganese production in September 2021 increased 7.25% month-on-month, down 10.4% from the same period last year. In addition, the monthly average spot price of electrolytic manganese was 30623 yuan / ton in September, up 8.73% from the previous month; in September, the average monthly FOB price of electrolytic manganese was 4840 US dollars / ton, up 9.73% from the previous month. "View details

Important news of metal industry

[Peru's new prime minister says redrafting the constitution is not a top priority.] Peru's new prime minister, Mirta Vasquez, says redrafting the country's market constitution is not currently a priority for the government, although it is a key campaign commitment. "at present, the government has not proposed to amend the constitution, nor will it do so overnight," Vasquez said on Friday. "the most important thing now is to deal with the pandemic, especially to create economic stability."

Aluminum Corporation of China (601600.SH) said on the investor interaction platform that our company has no plans to acquire aluminum profile assets for the time being, nor has it communicated with such companies.

[Bosai Group Malaysia project plan: build 2 million ton alumina plant, 1 million ton electrolytic aluminum plant, 1 million ton manganese ferroalloy plant] on October 9th, the Chongqing Federation of Industry and Commerce released the list of the top 100 private enterprises in Chongqing this year. The scale of the top 2021 private enterprises continues to grow, the efficiency continues to improve, and investment in innovation and R & D continues to strengthen, actively promoting transformation and upgrading. To this end, the reporter interviewed some enterprises on the list to see how they are developing in high quality.

[business income such as lithium salt has greatly increased the net profit of China Mineral Resources in the third quarter has increased by more than three times compared with the same period last year.] on October 10, China Mineral Resources issued a forecast of third-quarter results, and the company expects the net profit attributed to shareholders of listed companies to be 112 million yuan to 132 million yuan in the third quarter, an increase of 338.44% and 416.85% over the same period last year.

[after the lithium diaphragm, the Hong Kong stock listed company also plans to invest in the lithium iron phosphate project across the border.] recently, Conch Entrepreneurship and the Management Committee of Wuhu Economic and technological Development Zone signed the "Investment Agreement on the Project of 500000 tons of Lithium Iron Phosphate cathode material per year." the project plans to build a project with an annual output of 500000 tons of lithium iron phosphate cathode material.

[cobalt prices rise by nearly 60% in one and a half years, nearly 99% of domestic cobalt resources are imported] among the components of power batteries, there are many substances that are far more expensive and scarce than lithium, such as metal "cobalt". Since 2020, with the rapid development of new energy vehicles, the price of cobalt has also risen all the way, being jokingly called "Cobalt Grandma" in the industry. Data show that as of October 8, the domestic spot cobalt price has risen from a low of less than 240000 yuan per ton in April last year to more than 380000 yuan per ton, an increase of nearly 60 per cent. In fact, compared with lithium, cobalt is a real scarce resource, and nearly 99% of domestic cobalt resources are imported. Data show that in 2020, the world's proven cobalt reserves are about 7.1 million tons, about 50% of which are distributed in the Democratic Republic of the Congo (DRC), while China's proven cobalt reserves are about 80, 000 tons, accounting for only about 1% of the world's total reserves.

[Indonesian Ministry of Trade: Indonesia's refined tin exports rose 8.3% year-on-year in September to 6038.8 tons] according to foreign media reports, October 11-Indonesia's refined tin exports rose 8.3% to 6038.8 tons in September compared with the same period last year, according to data released by the Indonesian Ministry of Trade on Monday.

According to the announcement, from 2024 to 2026, the total supply of high-nickel ternary precursor (NCA NCM) for Grimmei new energy power battery will be 650000 tons. [Grimme won more than 800000 tons of high-nickel precursor materials to ECOPRO in the next six years] according to the announcement. Of this total, 150000 tons in 2024 and 250000 tons in 2025 will maintain growth in 2026 on the basis of ensuring 250000 tons in the previous year.

[Angang: part of the blast furnace is scheduled to be overhauled for a period of 20-30 days starting from October 12, affecting the hot metal output of about 340000 tons] Angang plans to carry out a 20-day overhaul of the new No. 1 blast furnace starting from October 12, affecting the hot metal output of about 160000 tons. The No. 7 blast furnace was overhauled for 30 days, affecting the hot metal output of about 180000 tons.

[China Nineteen Metallurgy successfully capped the second phase blast furnace of Jinnan Iron and Steel Co., Ltd.] on October 1st, the 1860 cubic meter blast furnace of Shanxi Jinnan Iron and Steel Phase II undertaken by China Nineteenth Metallurgy was successfully capped. The project is located in Quwo County, Shanxi Province, eco-industrial park, the main construction content is to build a new 1860 cubic meters of blast furnace, capacity replacement, upgrading and renovation project. The first hook of blast furnace hoisting was hoisted successfully on March 18 and was successfully capped on October 1.

[Sinosteel International: net profit in the first three quarters increased by 61.61% to 81.81% compared with the same period last year] Sinosteel International announced that it is expected to make a net profit of 480 million yuan to 540 million yuan in the first three quarters of 2021, an increase of 61.61% over the same period last year. 81.81%. At the same time, affected by the sharp rise in steel prices this year, the gross profit margin of the project decreased in the first three quarters compared with the same period last year. However, through continuous cost optimization, strengthening procurement management and other measures, the gross profit margin of the project from July to September is higher than that from January to June, and the cost of the manual project can be controlled.

[development and Reform Commission: further deepening the marketization Reform of electricity Price for Coal-fired Power Generation] the National Development and Reform Commission is scheduled to hold a special press conference at 10: 30 a.m. on Tuesday, October 12, to introduce the situation related to further deepening the marketization reform of electricity price for coal-fired power generation. Responsible comrades of relevant departments and bureaus of the National Development and Reform Commission attended the press conference.

In order to further ensure the supply of energy and electricity, during the National Day, the Operation Bureau of the National Development and Reform Commission strengthened ties with relevant departments and enterprises in various localities, closely cooperated, tracked and dispatched the changes in daily supply and consumption of thermal coal, dynamically grasped the demand for guaranteed supply, actively promoted power plants to increase coal inventory, and organized various localities to increase the coordination of power coal supply and transportation. Ensure the power supply and maintain the orderly production of enterprises and the normal development of people's lives.

[Hubei Energy: electricity generation increased by nearly 20% from January to September compared with the same period last year, coal sales increased by 236% over the same period last year] Hubei Energy announced that from January to September in 2021, the power generation enterprises affiliated to the company totaled 29.828 billion kilowatt-hours, an increase of 19.82% over the same period last year. Hubei Natural Gas Development Co., Ltd. completed natural gas sales of 1.762 billion cubic meters, an increase of 26.13% over the same period last year. Hubei Coal Investment and Development Co., Ltd. completed coal sales of 15.14 million tons, an increase of 236.44% over the same period last year.

[the State Administration of Mine Safety: strictly prevent substandard coal mines from expanding capacity and increasing production under the pretext of ensuring supply] the State Administration of Mine Safety recently held a meeting, requiring strict prevention and rectification of mines, long-term shutdown of mines, technological transformation and reorganization of mines, imminent closure of mines, Daban sub-mines and Baogong coal mines, etc. Six types of mines are required to take risks in desperation, and severely crack down on illegal production and construction. We should do a good job in ensuring safety and supply, do a good job in increasing production capacity in accordance with regulations, compaction responsibility step by step, strictly prevent coal mines without conditions for safe production from hitchhiking, blindly expanding capacity and increasing production, and pass strict law enforcement and inspection, to create a good production environment to ensure a stable supply of coal.

According to the news released by the Shanxi Provincial Emergency Management Department on October 10, the recent severe flooding in Shanxi has affected 1.7571 million people in 76 counties (cities and districts) in 11 cities in the province, 120100 people have been urgently relocated, 2.8496 million mu of crops have been affected, and more than 17000 houses have collapsed. As of October 8, Shanxi has stopped production of 60 coal mines, 372 non-coal mines, 14 dangerous chemical enterprises, 1035 projects under construction, and many roads in Shanxi have also been interrupted by mountain landslides. At present, Shanxi Province has launched a level III emergency response to geological disasters.

[Huaibei Mining: thermal coal output is about 6 million tons / year, accounting for more than 80% of sales at long-term agreement prices] Huaibei Mining said on the interactive platform that at present, the company's thermal coal production is about 6 million tons / year, and there are no nuclear plans to increase production for the time being. among them, sales at long-term agreement prices account for more than 80 per cent, while sales at market prices account for less.

[orchid Kechuang: at present, the production mines of the company are in a normal production state] some investors have asked questions on the investor interactive platform, what is the impact of the flood situation in Shanxi on the company? Is the company's coal mine closed? Orchid Kechuang responded that the company's production mines are in a normal state of production.

Minmetals rare Earth (000831.SZ) said on the investor interactive platform that there is no electricity consumption problem that directly affects the company's production.

[Jinli permanent Magnet's net profit in the first three quarters of 2021 increased by 120% to 140% compared with the same period last year] on the evening of October 10, Jinli permanent Magnet issued a forecast of its results for the first three quarters, from January 1, 2021 to September 30, 2021. The net profit of Jinli permanent magnet belonging to shareholders of listed companies increased by 120% to 140% over the same period last year, and the profit is expected to be 335.862 million yuan to 366.395 million yuan during the reporting period.

[EU plans to spend 1.7 billion euros to set up European rare earth supply chain] the EU is pushing the continent to build its own supply of rare earths to reduce China's uneasy dependence on elements vital to electric cars, wind turbines and mobile phones. A plan released on Thursday by the European raw materials union, formed by the European union last year, calls on governments and manufacturers to support mining and processing through a combination of subsidies and sales quotas. The organization has identified 14 projects on the African continent, which will require a total investment of about 1.7 billion euros, from mining to magnet production and recovery.

Zhangyuan Tungsten Industry's long-term quotation in the first half of October 2021: wolframite concentrate (WO3 ≥ 55%): 108500 yuan / standard ton; scheelite concentrate (WO3 ≥ 55%): 107000 yuan / standard ton; ammonium paratungstate (national standard zero): 169000 yuan / ton. Note: the above unit price includes 13% VAT.

Macro focus

[Goldman Sachs downgrades US GDP growth forecast] A research team led by Goldman Sachs Chief Economist Hatzius released its latest report on Sunday, lowering the US GDP growth forecast for 2021 to 5.6% from 5.7% and the GDP growth forecast for 2022 from 4.4% to 4%, mainly due to a slowdown in the recovery in consumer spending. At the same time, the economic growth forecast for the next two years will be raised, basically offsetting the decline in this year and next year. They also believe that the two major challenges to economic growth in the medium term are a slowdown in fiscal support and a faster rebound in spending on services than in purchases of goods.

[national Health Commission: 25 new confirmed cases were all imported from abroad yesterday] from 0 to 24:00 on October 10, 31 provinces (autonomous regions, municipalities directly under the Central Government) and Xinjiang production and Construction Corps reported 25 new confirmed cases. all were imported cases from abroad (14 in Yunnan, 4 in Shandong, 3 in Shanghai, 2 in Guangdong, 1 in Inner Mongolia and 1 in Guangxi), including 1 case from asymptomatic infection to confirmed case (in Shandong). There were no new deaths. There were no new suspected cases.

[development and Reform Commission: promoting typical practices of Local support for the Reform and Development of Private Enterprises] the National Development and Reform Commission issued a circular on promoting typical practices of local support for the reform and development of private enterprises, pointing out that there are a total of 72 typical practices this time. From Qingdao, Chengdu, Changzhou, Wenzhou, Taizhou, Quanzhou, Foshan, Jiangyin and other eight places. These 72 typical practices basically cover all key areas supporting the development of private enterprises. It includes improving the policy service for the whole life cycle of private enterprises, solving the financing problems of private enterprises, optimizing the legal environment for equal protection of the legitimate rights and interests of private enterprises and private entrepreneurs, encouraging and guiding the reform and innovation of private enterprises, promoting the standardized and healthy development of private enterprises, promoting the healthy growth of private economic personnel, building pro-Qing political and business relations, and strengthening the organizational guarantee to support the reform and development of private enterprises.

[Guangzhou Transportation 14th five-year Plan] recently, Guangzhou Transportation Bureau officially issued the 14th five-year Plan of Guangzhou Transportation. During the 14th five-year Plan period, Guangzhou will promote the carbon peak of the transportation industry, help the construction of national central cities and comprehensive portal cities to a new level, and support Guangdong-Hong Kong-Macau Greater Bay Area to build a world-class bay area and world-class urban agglomeration. In terms of aviation, Baiyun International Airport will introduce high-speed railway, inter-city railway and urban rail to form an efficient and convenient multi-level air-rail intermodal transport system. Promote the airport 30 minutes to the central city, 1 hour to the Pearl River Delta cities, 3 hours to connect the Pan-Pearl River Delta cities.

Recently, Guangdong Governor Ma Xingrui presided over a provincial government executive meeting to study how to do a good job in Guangdong's pilot project of no hidden debt, promote consumption, and enhance the ability of government services, and make a special study on the rectification and improvement of problems pointed out by the central environmental protection inspectors. The meeting stressed that the Guangdong provincial party committee and provincial government have always regarded the prevention and resolution of hidden debt risks as an important political task, resolutely curb increments and speed up the resolution of stock, and the current government debt is generally safe and the risk is controllable. it has the work basis to carry out the pilot project of no hidden debt in the whole region.

[CICC: la Nina climate may aggravate commodity price volatility] China International Capital Corporation research newspaper pointed out that in August 2021, the NOAA announced that the La Nina phenomenon is showing signs of happening again, and the climate is about to reverse again. La Nina climate may cause cold weather or benefit related industrial chains such as energy, coal, textile and clothing chemical fiber, urea chemical fertilizer, etc., aggravating market concerns about energy shortage in winter and pushing up the prices of commodities such as natural gas, heating oil, coal, cotton textiles and chemical fertilizers to a certain extent.

Terminal information

Produce 1 Model Y body every 45 seconds! Tesla Berlin Super Factory is finally going into production! Tesla Berlin Super Factory is finally going into production! According to foreign media reports, Tesla held the inauguration ceremony of the Berlin factory "Giga Fest" on October 10. Elon Musk (Elon Musk), chief executive of Tesla, said at the scene that the Berlin super factory will have a mass production capacity of 5000 vehicles per week and hopes to reach 10000 vehicles per week. It is scheduled to start production in November and December this year, but it is difficult to achieve mass production.

[the volume and price of new material products rise together, the net profit of polyfluorodo is expected to increase by more than 51 times in the first three quarters] on the evening of October 7, polyfluorodo issued a performance forecast, benefiting from strong market demand for new material products, with both volume and price rising. the company expects net profit in the first three quarters of 2021 to reach 718 million yuan to 738 million yuan, an increase of 5173.71% to 5320.61% over the same period last year.

More than 200 million yuan! Tianqi shares re-won the bid for New Energy vehicle Intelligent equipment Project] Tianqi shares received the bid winning notice on October 8, confirming that the company won the bid for the main transmission equipment project of the domestic new energy vehicle manufacturers, with the winning bid amount (including tax) exceeding 200 million yuan, and the delivery period of the project is August 2022.

[Honda: Chinese car sales fell 28.1 per cent in September from a year earlier] according to Honda figures released by Honda, end-car sales in China fell 28.1 per cent year-on-year to 121448 in September due to tight supply of spare parts. The cumulative sales of terminal cars in China from January to September were 1107814, up 3.9 per cent from a year earlier.

[the Changsha SAIC-Volkswagen new energy vehicle project is expected to produce 100000 vehicles and 150000 sets of batteries per year] the SAIC-Volkswagen new energy vehicle project, with a total investment of about 8 billion yuan, plans to gradually put into production of new energy models on the MEB platform from 2024, with an estimated production capacity of 100000 vehicles per year. As the first step of transformation and upgrading, it is planned to build a new battery workshop with an annual capacity of 150000 sets of new energy batteries, while reserving room for capacity upgrading.

[Evergrande New Energy vehicle registered capital increases to US $2.515 billion] according to App, recently, Evergrande New Energy vehicle Investment holding Group Co., Ltd. has undergone industrial and commercial changes, with its registered capital increasing from about US $2.015 billion to US $2.515 billion, an increase of about 24.81%. Evergrande New Energy Automobile Investment holding Group Co., Ltd. was established in January 2019, the legal representative is Liu Jun, the company's business scope is to invest in areas where foreign investment is allowed by the state (limited to foreign-invested enterprises). Equity penetration information shows that the company is indirectly wholly owned by Evergrande New Energy vehicle Holdings (Hong Kong) Co., Ltd.

[capacity tension chip Q4 price rise again] on September 27th, St issued a notice, considering the continuing impact of shortage in the semiconductor supply chain, there is no sign of recovery in the short term, and the cost of some key supplies (contract manufacturing, raw materials, logistics, etc.) has increased, coupled with the company's heavy investment, the company will start the third round of price increases this year in 2021Q4 (the first two rounds are in January and June), including all products in existing inventory.

[Lebanon's largest power plant caught fire and smoke was shut down two days ago due to fuel shortage.] according to the Lebanese state news agency quoted by Arab satellite television, a fire broke out at the largest power plant in Lebanon on the 11th local time, and the fire was fierce. The fire affected the surrounding area, the surrounding vehicles bypassed to other sections of the road, and the Lebanese army near the power plant has been withdrawn. It is reported that the power plant was shut down on the 9th because of fuel shortage and just resumed operation on the 10th.