"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: in the temporary balance of supply and demand, the layout of long-short funds to enter the case, the short-term trend to maintain a greater probability of concussion. In the long run, due to the good performance of demand-side expectations and the gradual weakening of the impact of power restriction policy on demand, the future trend is still on the strong side.
Trend fluctuation, lack of bright spot, temporary balance between supply and demand [SMM Tin Morning News]
"Click to view the price of SMM tin products
SMM steel morning meeting minutes: yesterday even iron continued the upward trend, the main contract closing price of 714.5, an increase of more than 3% throughout the day. The price in the port spot market is stable in early trading; some traders are actively shipping, the bargaining space is increased, and steel mills are still purchasing on demand. The overall market volume increased yesterday.
The coke market is strong and the mature end continues to be weak in supply and demand [minutes of SMM Iron and Steel Morning meeting]
"Click to view the price of SMM steel products
Review of overnight market
The Fed is widely expected to announce a reduction in bond purchases at a two-day policy meeting scheduled for November 2-3. In addition, Canada, Europe and Japan will all hold central bank meetings next week. Central banks may have to turn to doves again after turning hawkish for a while. The index used to measure growth in the bond market has issued an ominous warning as central banks around the world have raised interest rates near historic lows. Traders speculate that interest rates will rise by up to 161 basis points next year against the backdrop of the cost of living in developed countries such as the UK, New Zealand and South Korea, as well as soaring commodities.
The outer metal market was generally weak, with a slight increase of 0.52% in late trading near Lunxi. Lun copper fell 1.1% on Tuesday on fears that the energy crisis and slowing economic growth in China, a major consumer of metals, would weaken demand, with aluminum down 1.58%, lun zinc down 1.84%, lun lead down 1% and Lenny down 0.73%.
The performance of metals in the inner market was not optimistic. Shanghai and tin fell for a time in midday and rose in late trading, up 0.76%, while other varieties fell. While China's power cuts have had an impact on metal production, they have also affected downstream consumption. Shanghai Aluminum has fallen for seven consecutive trading days since it rose, with a drop of 1.82% ranking among the worst performers in metals. Shanghai zinc night trading rose at the beginning of the day, then turned the car all the way down, and finally recorded a decline of 1.47%.
"Click to view the price of SMM copper products.
On the dollar side, the dollar rose slightly on Tuesday, with trading limited to a narrow range, as the market awaited the upcoming central bank meeting, which is likely to trigger volatility.
In terms of black, the state has repeatedly spoken out to control coal prices, and Shuangjiao has continued to decline under the influence of the policy, with coke falling 6.31% and coking coal down 8.06%.
"[overnight market] the dollar rose slightly and crude oil rose to its highest level since 2014. The Dow and S & P 500 set record highs.
U. S. stocks closed slightly higher on Tuesday. Investors focus on the results of large US technology stocks and US economic data. The Dow was up 15.73 points, or 0.04%, at 35756.88; the Nasdaq was up 9.01 points, or 0.06%, at 15235.71; and the S & P 500 was up 8.31, or 0.18%, at 4574.79. On Tuesday morning, the Dow rose as high as 35892.92 and the S & P rose to 4598.53, both at record highs.
In terms of crude oil, international oil prices rose slightly on Tuesday, the highest since 2014, helped by global supply shortages and strong demand from the United States, the world's largest oil consumer.
In precious metals, gold prices fell on Tuesday, giving up Monday's gains. Rising dollar and bond yields have put pressure on gold prices, but concerns about persistent global inflation have largely supported the price of gold, which is seen as a hedge against growing pricing pressures. However, expectations that the Fed will be forced to raise interest rates faster than previously expected could limit the rally in precious metals.
Today, we focus on the annual profit rate of industrial enterprises above September in China, the Gfk consumer confidence index in November in Germany, the monthly rate of wholesale inventory in the United States in September, the monthly rate of orders for durable goods in the United States in September, and changes in EIA crude oil inventories in the United States in the week ended October 22.
"[macro outlook] focus on the annual profit rate of industrial enterprises above China's size in September and the German Gfk consumer confidence index in November.
LME inventory
Today's focus
[countdown 8 days] "2021 China Electrotechnical Materials Industry Summit will be held in Yixing, Jiangsu Province.
[SMM aluminum rod processing fee daily review: aluminum price has fallen deeply again, aluminum rod processing fee is mainly rising] SMM, October 26: Shandong 1A60pu aluminum rod processing fee ex-factory price 600-litre water 650 yuan / ton, the average price recorded 625 yuan / ton, 175 yuan / ton higher than yesterday, "check the details."
[aluminum price plummeting cost remains high 1x4 Electrolytic aluminum production capacity has been lost? Domestic Shanghai Aluminum suffered another sharp fall on Tuesday, falling more than 3% at one point in intraday trading, and the center of gravity of aluminum prices retreated to below 21000 yuan / tonne. The decline narrowed in late trading and closed down 1.09 per cent at the end of the day. According to SMM quotation, the average spot price of SMM A00 aluminum on the 26th is 790yuan / ton lower than yesterday, and 14% lower than its high on October 19th. According to the current aluminum price estimate, the current domestic electrolytic aluminum production capacity loss may exceed 25%. "View details
On Tuesday, Shanghai Aluminum suffered another setback, more than 3% aluminum price fell below the cost line? Domestic Shanghai Aluminum suffered another sharp fall on Tuesday, falling more than 3% in intraday trading, the center of gravity of aluminum price retreated to less than 21000 yuan / ton, and the spot transaction discount in East China continued. The spot price is still difficult around 80 yuan / ton in that month, and the short-term spot liquidity is abundant. There are not enough factors to support aluminum prices. In early trading in the Central Plains (Gongyi), the discount to East China was 70 yuan / ton, and the discount to the disk was concentrated around 150 yuan / ton, but the spot price still fell by more than 700 yuan / ton in the day. "View details
"Click to view the price of SMM aluminum products
Needle coke is a high quality carbon material for producing high power and ultra-high power electrodes. Although the quality of needle coke at home has approached or reached the same quality level abroad, the scale and continuity of needle coke production has been restricted to varying degrees due to various reasons, and the calcination equipment is one of them. [reprint to retain provenance-Shanghai Nonferrous net] Needle Coke Primary Class (second part) [SMM Analysis]
The strong are always strong! Behind the market capitalization of the two lithium battery giants joining hands to reach a new high is a letter of price increase for lithium batteries? After a wave of ups and downs in the main line plates of new energy, such as energy storage, photovoltaic, wind power, lithium power, etc., in early trading today, the news from last night to this morning turned over again. Overnight US stock news, as the international car rental company Hertz placed a $4.2 billion order with Tesla (bought 100000 Tesla cars), Tesla rose 12.7%, the stock price stood above $1000, and the total market capitalization broke through the trillion-dollar mark to refresh history. At the same time, it led to a big rise in other new energy vehicle concept stocks in the United States. "View details
[SMM analysis: the difference between the cost side of silicon factories with higher electricity charges in many places] the executive electricity prices of many silicon factories have risen to varying degrees this month, but the reasons for the rise are different. The increase in electricity prices in Yunnan and Sichuan is mainly due to the change of abundant, flat or abundant and dry seasons, and the rise in hydraulic and hydropower costs; Hunan, Chongqing, Guangxi and other places are mainly due to tight coal supply, rising thermal power costs and energy consumption double control policies. "check the details.
[the listing price of heavy rare earths in South China continues to rise] A few days ago, Southern rare earths announced the latest listing prices of medium and heavy rare earth oxides, and the prices of various kinds of medium and heavy rare earth oxides continued to rise. except samarium oxide, europium oxide, ytterbium oxide, lutetium oxide, scandium oxide, gadolinium oxide increased by 25000 yuan / ton, terbium oxide increased by 230000 yuan / ton, dysprosium oxide increased by 40, 000 yuan / ton, Holmium oxide increases 20, 000 yuan / ton, erbium oxide increases 50, 000 yuan / ton, and yttrium oxide increases 11000 yuan / ton. "View details
[SMM comment: the trading price of praseodymium-neodymium oxide reached a record high of 700000 yuan per ton.] the transaction price of praseodymium-neodymium dioxide reached 700000, and a small amount of praseodymium-neodymium metal traded at 875000, a new high this year. The market inquiry is increasing, the trading volume is rare, and the bullish sentiment is strong. Downstream demand continues to be strong, praseodymium and neodymium metal prices have a long-term growth trend, the growth rate is slower after the National Day. Since Jiangxi issued the notice of power restriction last Thursday, the prices of praseodymium-neodymium metal and praseodymium-neodymium oxide have risen by an average of 20,000 yuan per ton per day compared with the beginning of last week. "View details
On October 26th, the spot factory price of electrolytic manganese in the manganese triangle and Guangxi region increased by 300 yuan / ton compared with Monday's average price in 43300-44300 yuan / ton, and FOB increased by US $100 / ton compared with Monday's average price in 6800-7000 US dollars / ton. "View details
"Click to view the price of SMM nickel products
[SMM Analysis South African State Power Company takes power cut measures due to plant failure manganese mine price may be affected] South African State Power Company Eskom said on October 23 that it will cut 2000 megawatts of power supply from Electroweb due to generator failure at its six power plants, and the supply cut will continue until the 25th. Eskom pointed out, "the decline in power load is caused by multiple tripping of different power stations and delays in the restoration of units, which makes us heavily dependent on emergency generation reserves, which are currently very low. In order to protect emergency reserves, power cuts are necessary. "View details
[the operating rate of SMM electric furnace is stable in China as a whole. The operating rate of electric furnace rose slightly by 3% this week.] according to SMM's survey of 34 independent electric arc furnace steel mills producing building materials, the operating rate was 58.52% as of October 26th, up 3% from last week. "View details
[the impact of SMM hot rolling delivery power limitation weakens Lecong arrives and then returns to a high level] this week, the market received goods slightly less than the previous month, mainly from North China. The pace of delivery and the recent tightening of environmental restrictions on production by North China steel enterprises have led to a reduction in the output of steel mills. Follow-up, Angang Bengang centralized maintenance ended in November, shipments or slightly rebounded, but subject to the production level control requirements, the actual output will still be much lower than the normal level. "View details
Important news of metal industry
South Africa's Sibanye-Stillwater is in advanced talks to buy two Brazilian nickel and copper assets as global miners try to secure the supply of metals for electric car batteries in a transition to a green economy. The precious metals miner confirmed on Monday that it had negotiated a potential deal with a fund subsidiary advised by Appian Capital Advisory LLP that would add Santa Rita nickel copper and Serrote copper and gold to its portfolio.
Aurubis, Europe's largest copper miner, is confident of achieving higher operating profit expectations this year despite the impact of the epidemic, semiconductor crisis and rising energy prices. The CEO of Aurubis AG, Europe's largest copper miner, said on Monday that despite the impact of the epidemic, the semiconductor crisis and rising energy prices, Aurubis is confident of achieving higher operating profit expectations this year.
[Nanshan Aluminum: net profit in the first three quarters increased 78.17% compared with the same period last year] recently, Nanshan Aluminum announced that its revenue in the first three quarters of 2021 was 20.385 billion yuan, an increase of 30.64%, and its net profit was 2.519 billion yuan, an increase of 78.17%. Deducting non-return net profit to achieve 2.478 billion yuan, an increase of 89.98%.
According to SMM, Anhui Xinplatinum Aluminium Co., Ltd. released the third quarterly report of 2021 on October 26th, 2011.According to SMM's information, Anhui Xinplatinum Aluminium Co., Ltd. released the third quarterly report of 2021 on October 26th. According to the announcement, the company's operating income during the reporting period was 739 million yuan, an increase of 95.25% over the same period last year. The total assets at the end of the reporting period were 1.714 billion yuan, an increase of 87.94 percent over the same period last year.
[002996.SZ 's net profit increased 103.91% to 228 million yuan in the first three quarters compared with the same period last year] 002996.SZ disclosed that the company's revenue in the first three quarters was 6.665 billion yuan, an increase of 120.9% over the same period last year; its net profit was 228 million yuan, up 103.91% over the same period last year; and 194 million yuan was deducted from non-net profit, an increase of 85.68% over the same period last year. Basic earnings per share is 0.52 yuan. Operating income rose 120.90% over the same period last year, mainly due to the increase in sales quantity and price of recycled aluminum alloy ingots. The homing net profit increased by 103.91% over the same period last year, mainly because the company's product sales and price growth led to profit growth, while the company reasonably controlled the occurrence of various expenses.
[Glencore announces sale of Bolivian zinc resources] 2021.10.12, Glencore announced that it had reached an acquisition agreement with Santa Cruz Silver Mine to sell its Bolivian mineral resources, including Sinchi Wayra and Illapa. Glencore will receive an initial amount of $20m and the subsequent $90m will be paid within four years. The entire sale agreement will be completed within the next three months.
[Luoping Zinc Power's net profit in the first three quarters increased 153.37% compared with the same period last year.] on October 26, Luoping Zinc Power released a report for the third quarter of 2021 showing that the company's total revenue in the first three quarters was 1.64 billion, an increase of 51.96% over the same period last year. The net profit of shareholders belonging to listed companies was 59.565 million yuan, up 153.37% over the same period in 2020, turning losses into profits. The net profit is not much different from the pre-increase figures released by Luoping Zinc Power on October 14.
[Citic Securities: the impact of Yabao's production expansion on the lithium market in 2022 is limited] CITIC Securities Research News pointed out that the expansion of (Albemarle) production in the United States made the market worried about the longer-term supply and demand pattern of the lithium industry and lithium prices, but we judged that the impact on the lithium market in 2022 was limited. In the context of high lithium prices, enterprises that can improve profits quarter by quarter or gain upstream resources still have allocation value. Maintain lithium plate "stronger than the market" rating, focus on Ganfeng lithium industry, Shengxin lithium energy and salt lake shares, it is recommended to pay attention to Yongxing materials. Prior to this, Yabao announced that it had signed investment agreements with the Yangtze River International Chemical Industrial Park (Zhangjiagang City) and Pengshan Economic Development District (Meishan City). The two projects planned to invest 500 million US dollars and each planned 50,000 tons of lithium hydroxide production capacity. On October 25th, Australia's Mineral Resources announced that its joint venture with Yabao, MARBL, plans to restart production of the Australian Wodgina lithium mine, which will start producing lithium concentrate in the third quarter of 2022.
Pilbara, one of Australia's largest spodumene concentrate producers, held its third spodumene concentrate auction from 2pm to 02:45 Beijing time on October 26, 2011. the final auction price was set at US $2350 / ton, an all-time high, up 5% from the last auction. The auction has an ore volume of 10000 tons and a grade of 5.2% Murray 5.5%. According to the price of the ore at auction, the cost of lithium carbonate rose to 172500 yuan / ton.
Welcome the world-class lithium opportunity again! MARBL joint venture to restart Wodgina lithium mine after the third quarter of 2022 spodumene concentrate is expected to increase] October 25, MARBL lithium joint venture (MARBL) announced that it will restart the operation of Wodgina lithium mine (Wodgina) in the Pilbara region of Western Australia. MARBL expects Wodgina to restart in the third quarter of 2022 to safely produce spodumene concentrates.
[Ningde Times responded to "large-scale introduction of natural graphite": false news] in response to the report that "a brokerage Dianxin research team shows that leading companies in the lithium battery industry are importing natural graphite on a large scale, with thousands of tons of natural graphite used in October," the person in charge of Ningde Times responded: "the report said it was the Ningde era, and the company confirmed it was a fake."
[Xinjiang Yili Power Plant overhaul 73 regiment silicon plant reduced production] production was reduced last night due to power plant overhaul of Xinjiang Yili 73 regiment silicon plant. According to SMM, 9 of the 15 ore reheating furnaces in 5 metal silicon factories of the 73 regiment have stopped production. Some of them are expected to resume operation after the completion of the power plant overhaul next week, while some silicon plants will take advantage of this opportunity to start the overhaul, which is expected to take about a month.
[Hesheng Silicon Industry: net profit in the third quarter was 2.63 billion yuan higher than the same period last year] Hesheng Silicon Industry disclosed its third-quarter report that the company's operating income in the third quarter of 2021 was 6.413 billion yuan, an increase of 200.15% over the same period last year, and its mother's net profit was 2.63 billion yuan, an increase of 875.66% over the same period last year. The company made a net profit of 5.003 billion yuan in the first three quarters, an increase of 596.08% over the same period last year. The net profit of Q2 was 1.472 billion yuan, based on which the net profit increased by 79% in the third quarter compared with the previous quarter. As of today's close, Hesheng's share price has risen 739% so far this year.
[Cathay Pacific Securities: Shenhuo Coal and Electrolytic Aluminum continue to have high profits and large impairment results] in the first three quarters of 2021, the company achieved operating income of 24.82 billion yuan, an increase of 70.9% over the same period last year; the net profit belonging to shareholders of listed companies was 2.299 billion yuan, an increase of 366.6% over the same period last year, mainly due to the increase in volume and price of the company's coal and electrolytic aluminum business; the net cash flow generated by operating activities was 10.773 billion yuan.
[notice issued by Shandong on comprehensively liberalizing the on-grid electricity price for coal-fired power generation and orderly promoting the market-oriented reform of sales electricity price] accelerate the market-oriented reform of electricity price, improve the mechanism that electricity price is mainly determined by the market, and ensure the safe and stable supply of electricity. According to the "Circular of the National Development and Reform Commission on further deepening the Market-oriented Reform of on-grid electricity Price for Coal-fired Power Generation" (Development and Reform Price (2021) No. 1439) and other documents, We have decided to fully liberalize the on-grid electricity price for coal-fired power generation and promote the market-oriented reform of sales electricity price in an orderly
[Huang Ming: coal mine safety should always be the top priority] on October 25, Huang Ming, party committee secretary and minister of the Emergency Management Department, presided over the Ministry's party committee and ministerial meetings. to convey, study and implement the spirit of General Secretary Xi Jinping's important speech at the forum on in-depth promotion of ecological protection and high-quality development in the Yellow River Basin, and study and deploy flood prevention and disaster relief and production safety work. Huang Ming stressed: it is necessary to conscientiously study and implement the spirit of General Secretary Xi Jinping's important speech, enhance risk awareness, adhere to bottom-line thinking, speed up the construction of a line of defense against natural disasters, and pay close attention to various measures such as dealing with the autumn flood, disaster relief, and increasing production by ensuring safety and supply, so as to protect the lives of the people and serve the overall situation of economic and social development.
[China Coal Industry Association: supply and demand in the coal market is tight and prices fluctuate high in the first three quarters] the China Coal Industry Association released the operation of the coal economy in the first three quarters of 2021: in the first three quarters, under the influence of multiple factors such as sustained and stable recovery of macro-economy, exuberant seasonal coal demand, poor hydropower output and other factors, China's coal consumption has maintained a trend of rapid growth. Under the premise of ensuring safety, the coal industry has gone all out to do a good job in increasing coal production and ensuring stable prices, high-quality coal production capacity has been released steadily, coal production has gradually improved, and the decline in coal imports has continued to narrow. On the whole, the supply and demand of the coal market is tight and the price fluctuates at a high level.
Recently, there has been a sharp rise in coal prices, with a strong reaction from all sectors of society. In accordance with the Price Law and relevant laws and regulations such as preventing profiteering, the National Development and Reform Commission is studying the establishment of a standardized coal market price formation mechanism to guide the long-term stability of coal prices in a reasonable range. We will take into account reasonable costs, normal profits and market changes in the coal industry as a whole, study and establish a long-term coal market price mechanism of "benchmark price + fluctuation", and strengthen the connection with the market-oriented electricity price mechanism for coal-fired power generation. at the same time, we will improve supporting measures, strengthen supervision, and strictly investigate and deal with acts that do not strictly implement the market price mechanism in accordance with the law.
The person in charge of the relevant departments of the Shanxi State-owned assets Supervision and Administration Commission said that the pressure of ensuring supply in the fourth quarter is still relatively large, and according to the requirements of the provincial government's coal and power enterprises'on-site promotion meeting, Shanxi's coal and power enterprises will raise their political positions, regardless of conditions, and resolutely implement the task of ensuring coal and electricity supply.
[Zhangyuan Tungsten Industry: net profit in the first three quarters increased 3189.93% over the same period last year] recently, Zhangyuan Tungsten Industry announced that its revenue in the first three quarters of 2021 was 2.037 billion yuan, an increase of 50.71%, and the net profit returned to its mother was 93 million yuan, an increase of 3,189.93%. Deducting non-return net profit to achieve 70 million yuan, an increase of 282.98%.
[Yunhai Metal: net profit in the first three quarters increased 54% compared with the same period last year] recently, Yunhai Metal announced that its revenue in the first three quarters of 2021 was 5.652 billion yuan, an increase of 38.89%, and its net profit was 264 million yuan, an increase of 53.73%. The net profit after deducting non-return net profit reached 222 million yuan, an increase of 44.20%.
Macro focus
EU energy ministers hold a special meeting to discuss energy issues. EU energy ministers held a special meeting in Luxembourg on the 26th to exchange views on rising energy prices and discuss measures for member states and the European Union to respond. With regard to short-term measures, EU energy ministers agreed that member States should take urgent measures to protect the interests of vulnerable consumers, and the "toolbox" developed by the European Commission provides a framework for coordinating national actions. The ministers also discussed medium-and long-term measures, including electricity market reform, a voluntary joint gas purchase scheme and the EU energy storage programme.
[Biden signs new rules on entry into the United States to lift travel restrictions on China, Europe and other countries] Biden signed an order on the 25th to implement new vaccine requirements for most foreign air passengers from November 8, the White House said. and lift strict travel restrictions on China, India and most European countries. Under the new rules, foreign passengers are required to provide proof of vaccination and negative test results before boarding, and airlines will be responsible for enforcing these measures, and the United States imposed special travel restrictions for the first time in early 2020. most non-US citizens who have visited the UK, European Schengen countries, Ireland, China, India, South Africa, Iran and Brazil in the past 14 days are prohibited from entering the country. In September 2021, the Biden administration announced that it would lift these entry restrictions and require all foreign citizens to be fully vaccinated before coming to the United States.
Former Federal Reserve Chairman Alan Greenspan (Alan Greenspan) has warned that there is a persistent threat of a significant rise in inflation in the US economy. The Fed had previously set an average inflation target of 2 per cent, allowing inflation to be "moderately" higher than 2 per cent for a period of time, but Mr Greenspan believes there will be persistent inflation well above the Fed's 2 per cent target.
On the morning of the 26th, Liu he, member of the political Bureau of the CPC Central Committee, vice premier of the State Council, and Chinese leader of the China-US Comprehensive Economic Dialogue, held a video call with US Treasury Secretary Yellen. The two sides conducted pragmatic, frank and constructive exchanges on the macroeconomic situation and cooperation in many bilateral fields. The two sides believe that the world economic recovery is at a critical moment, and it is very important for China and the United States to strengthen macro policy communication and coordination. The Chinese side has expressed its concern about the United States' lifting of tariffs and sanctions and fair treatment of Chinese enterprises. The two sides agreed to continue to communicate.
[Russian Oil Minister: oil demand is expected to reach pre-epidemic levels by the end of 2022] the Russian Oil Minister said that oil demand is expected to reach pre-epidemic levels by the end of 2022. It is hoped that OPEC + will adhere to the agreement to increase production by 400000 b / d at its meeting on November 4th; it is difficult to predict whether oil prices will reach record highs like natural gas, depending on demand.
[Carrie Lam: will follow up with mainland authorities to implement relevant policies to develop more financing channels and cross-border financial services] according to a report on the website of Radio Television Hong Kong on October 26th, Hong Kong SAR Chief Executive Carrie Lam delivered a video speech at the inauguration ceremony of directors of the Securities Industry Association, saying that he would continue to deepen connectivity in the next 10 years, and hoped that regional cooperation would become a new mode for the securities industry to open up the mainland market. Will follow up with the mainland authorities to implement relevant policies and develop more financing channels and cross-border financial services.
[central Bank headquarters in Shanghai: RMB loans in the Yangtze River Delta region increased by 5.11 trillion yuan in the first three quarters compared with the same period last year by 306.9 billion yuan] data from the central bank's Shanghai headquarters show that in the first three quarters, RMB loans in the Yangtze River Delta region increased by 5.11 trillion yuan, an increase of 306.9 billion yuan over the same period last year. From a departmental point of view, loans in the household sector increased by 1.89 trillion yuan, 5.1 billion yuan less than the same period last year, of which short-term loans increased by 451.3 billion yuan, medium-and long-term loans increased by 1.44 trillion yuan, and enterprise (business) unit loans increased by 3.24 trillion yuan, an increase of 282.9 billion yuan over the same period last year, of which short-term loans increased by 486.2 billion yuan, medium-and long-term loans increased by 2.48 trillion yuan, and bill financing increased by 162.5 billion yuan. Loans from non-banking financial institutions decreased by 12.5 billion yuan, 21.5 billion yuan less than the same period last year. RMB loans increased by 587.3 billion yuan in September, an increase of 76.5 billion yuan over the same period last year.
[national Health Commission: national cumulative report on vaccination of novel coronavirus 2.248688 billion doses] data from the National Health Commission show that as of October 25, 31 provinces (autonomous regions, municipalities directly under the Central Government) and the Xinjiang production and Construction Corps reported a total of 2.248688 billion doses of novel coronavirus's vaccine.
Terminal information
[high-end interview: how does the electrical industry respond to soaring raw material prices? At the 2021 China Electrical Industry supply and demand Trading Strategy Summit jointly organized by SMM and Jiangxi Baotai Nonferrous Metals Group Co., Ltd., four industry bigwigs discussed the current situation of the industry. "View details
[Tesla 21Q3 performance hit a new high, the Ministry of Industry and Information Technology expects 21Q4 chip supply to improve] 21Q3 Tesla's income and profit hit a new high, and the gross profit margin of the automobile business continues to rise. According to Tesla's financial results for the third quarter of 2021, the total delivery volume of 21Q3 exceeded 240000 vehicles, of which the Shanghai superfactory 21Q3 produced 133000 vehicles and delivered 73000 vehicles to the Chinese market.
[SK Hynix's third-quarter operating profit soared 220% year-on-year] South Korea's SK Hynix Group, the world's second-largest memory chipmaker, released its results on Tuesday, initially verifying that third-quarter operating profit rose 220% year-on-year to 4.1718 trillion won (about 22.8 billion yuan), exceeding 4 trillion won for the first time since the fourth quarter of 2018.
[electrical alloy: currently actively developing new energy automobile parts business] Electrical alloy said on the interactive platform that the company's products are widely used in electrified railways, urban rail transit, large-scale buildings, nuclear power turbines, wind turbines, hydropower sets, power transmission and distribution facilities and other fields, and are actively developing new energy automobile parts business.
[South Korea's car exports fell 20.7% in September to a record high of new energy vehicles] according to foreign media reports, on October 15, South Korea's Ministry of Trade, Industry and Energy released data showing that affected by global automotive chip supply shortages and holidays, South Korean car production in September was 229423, down 33.1% from the same period last year; domestic car sales were 1.13932 billion, down 29.7% from the same period last year; Export sales were 151689, down 20.7 per cent from a year earlier, ending eight consecutive months of year-on-year growth; exports were $3.56 billion, down 6.1 per cent from a year earlier.
[BYD battery price increase of no less than 20%? Insiders: verifying] in response to a BYD battery price increase contact letter circulated on the network, a BYD insider told Science and Technology Innovation Board Daily: "it is being verified." The letter shows that the raw materials of lithium batteries continue to rise in 2021 due to market changes and superimposed power and production restrictions. According to the actual situation of the rise in the price of raw materials, it is decided to increase the unit price of battery products such as CO8M. Among them, the product including tax price is no less than 20% higher than the current Wh unit price. From November 1, 2021, all new orders will sign new contracts and implement new prices, and all outstanding old contract orders will be closed and cancelled by the system.
[official release of the country Guide for China's second-hand car Export (2021)] in order to help second-hand car export enterprises to open up overseas markets, the Foreign Trade Department of the Ministry of Commerce entrusted China Automotive Technology Research Center Co., Ltd., all-China Federation of Industry and Commerce Automobile Dealers Chamber of Commerce used car Export Professional Committee to compile the "China second-hand car Export country Guide (2021)". The Guide summarizes the current development of China's second-hand car export business from the dimensions of domestic policies, markets, enterprises, products, and processes. It focuses on the analysis of the global second-hand car export market and the development and management experience of second-hand car exports in Japan, South Korea and other developed countries. 23 countries with good market conditions and great export potential are selected for in-depth study. Cover market, policy, regulations, taxation, process and other related information.
[NDRC defines matters related to power purchase by Electroweb enterprises to establish and improve the market-oriented power purchase mode of Electroweb enterprises] notice of the General Office of the National Development and Reform Commission on organizing and carrying out power purchase by Electroweb enterprises, after abolishing the industrial and commercial catalogue sales price, users of 10 kV and above should directly participate in the market transaction, and those who cannot directly participate in the market transaction for the time being can purchase electricity by Electroweb enterprise. Other industrial and commercial users are encouraged to directly participate in market transactions, and Electroweb enterprises are responsible for purchasing electricity for those who are not directly involved in market transactions. Starting from January 2022, Electroweb enterprises will act as agents to purchase electricity by participating in centralized trading on the floor (excluding matchmaking transactions), participate in market clearing as recipients of prices without quotations, and, if they are listed, the price will continue to be determined according to the weighted average price of the monthly centralized bidding transaction in the current month.
[electric Power and Public Utilities Industry: carbon Neutralization Top-level Planning] recently, the CPC Central Committee and the State Council issued the "opinions on the complete, accurate and comprehensive implementation of the new development concept to do a good job of carbon neutralization". It marks that the basic top-level design of China's carbon neutralization policy system has been settled, laying the foundation and laying the groundwork for the introduction of a series of subsequent policies.
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