[SMM Metal Morning reference] Metal general decline | rare earth prices continue to rise | Silicon and manganese production increased by 12% month-on-month in October.

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SMM steel morning meeting summary: yesterday even iron narrow range shock, the main contract closing price 561, the whole day decline of less than 1%. Port spot market early quotation continues to be stable; wait-and-see mood continues, some merchants shipping enthusiasm is general, steel demand is still weak, the market transaction atmosphere is deserted.

Black overall weak operation [minutes of SMM Steel Morning meeting]

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Macro aspect:

On the dollar side: San Francisco Fed President Daley expects supply chain problems to persist into next summer, but price pressures should abate after the effects of the epidemic subside. The dollar index fell in volatile trading on Tuesday as investors waited for data to be released on Wednesday, the next major indicator of whether price pressures are accelerating. Data released on Tuesday showed that (PPI), the US producer price index, rose strongly in October, suggesting that high inflation could persist for some time as the epidemic strained the supply chain. But traders are reluctant to push the trend sharply until the release of the consumer price index (CPI), which is due to be released on Wednesday morning.

Crude oil: U. S. crude oil futures prices rose on Tuesday and hit a two-week high closing price. Rumors that the US may release crude oil from its strategic oil reserves highlight the current shortage of crude oil. At the same time, the US Energy Information Administration ((EIA)) raised its price forecasts for US regular retail gasoline and US benchmark crude oil for 2021, further supporting oil prices.

Domestic: central bank governor Yi Gang said at the commemoration of the 30th anniversary of the emerging economies Research Institute of the Central Bank of Finland that in the next step, we will improve the design and use of the digital RMB according to the pilot situation. The first is to refer to the ideas of cash and bank account management to establish a management model suitable for digital RMB; the second is to continue to improve settlement efficiency, privacy protection, anti-counterfeiting and other functions; the third is to promote the interaction between digital RMB and existing electronic payment tools to achieve the unity of security and convenience; the fourth is to improve the construction of digital RMB ecosystem and enhance the universality and availability of digital RMB.

Today's macro focus is on China's October PPI annual rate, China's October CPI annual rate, Germany's October CPI annual rate, the number of US jobless claims in the week ending November 6, the US October CPI annual rate without quarterly adjustment, the final monthly rate of US wholesale inventory in September, and the changes in US EIA crude oil stocks in the week ended November 5.

"go to the SMM database to see more macroeconomic indicators

[macro outlook] focus on the annual rate of CPI and PPI in October in China, and the annual rate of CPI in Germany and the United States in October

In terms of the metal market:

Internal and external metal markets generally fell, outer disk metals have recorded a decline, only Lunxi closed flat. Lun Copper and Lun Aluminum fell on concerns about Chinese demand, power cuts and a slump in the real estate sector, but the decline was limited by low inventories supporting metal prices. LME copper stocks fell to 109550 tonnes, the lowest since March, and have fallen by more than half in the past two months, according to exchange data released on Tuesday. LME aluminum registered warehouse receipts fell to 599925 tonnes, the lowest level since December 2005.

Domestically, only Shanghai zinc recorded a slight increase, up 0.28%, while other varieties fell one after another, and Shanghai nickel fell 1.49% to lead metals down. Black fell again in an all-round way, with iron ore down 5.88% and threads and hot rolls down more than 3%.

"[overnight] Metal Pudui Iron Ore fell 5.88% US crude oil futures hit the highest closing price in two weeks.

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U. S. stocks closed slightly lower on Tuesday. The S & P 500 fell for the first time in nine sessions, ending an 11-day rally in the Nasdaq. Us PPI grew 0.6 per cent month-on-month in October, up 8.6 per cent from a year earlier. The market is waiting for Wednesday's CPI data to further judge the inflation situation in the United States. The Dow fell 112.24 points, or 0.31%, to 36319.98; the Nasdaq fell 95.81 points, or 0.60%, to 15886.54; and the S & P 500 fell 16.45 points, or 0.35%, to 4685.25.

[SMM survey: power cuts in October led to a significant decline in the enamelled wire industry's slow recovery in November] according to SMM survey data, the enamelled wire operating rate in October was 68.20%, down 9.75% from the same period last year, 3.12% from the previous month, and 1.55% lower than the expected 69.75%. Among them, the operating rate of large enterprises was 68.17%, down 3.39% from the previous month, 2.69% to 68.81% for medium-sized enterprises, and 1.66% to 59.17% for small enterprises. Details of the analysis can be found below. "View details

[SMM aluminum rod processing fee market: aluminum rod order saturation processing fee continues to be high] SMM November 9: recently aluminum price 19000 yuan / ton near horizontal finishing, downstream cable factory recent production enthusiasm increased, aluminum rod factory order saturation, processing fee reported high delivery mainly, short-term domestic aluminum rod consumption can still maintain high processing fee operation. "View details

[SMM analysis: the impact of power cuts in recycled lead smelters is still there, but the strength is weaker than the previous month] on the one hand, power outages and power cuts were caused by energy shortages in October. On the other hand, due to factors such as equipment and EIA acceptance, the monthly overhaul of the enterprise has dragged down the output of the overall recycled lead smelter. It's November. "check the details.

[SMM data: lithium iron phosphate production rose 147% year on year in October, lithium manganate cost pressure increased significantly] in October 2021, China produced 5799 metal tons of cobalt sulfate, an increase of 9% from the previous month, and an increase of 42% over the same period last year; cobalt tetroxide output was 6347 physical tons, an increase of 2% from the previous month and a decrease of 10% from the same period last year; lithium carbonate output was about 19792 tons, an increase of 1% from the previous month and an increase of 40% over the same period last year; The output of lithium hydroxide was about 16461 tons, up 0.3% from the previous month and 20% from the same period last year; the output of ternary materials was about 38879 tons, up 4.7% from the previous month and 54% from the same period last year; the output of lithium iron phosphate was about 45449 tons, up 25% from the previous month and 146.6% from the same period last year; lithium manganate output was about 5866 tons, down 18% from the previous month and 13% from the same period last year; and the output of lithium cobalt was 6888 physical tons, an increase of 10% from the previous month and a decrease of 9% from the same period last year. "View details

[SMM analysis: set sail to sea! Longyi science and technology fall in Indonesia! [SMM, November 9: November 8, Chinese lithium iron phosphate giant Longji Technology announced that Changzhou Liyuan New Energy Technology Co., Ltd. (hereinafter referred to as "Changzhou Liyuan"), a holding subsidiary of Jiangsu Longji Technology Co., Ltd. (hereinafter referred to as "Changzhou Liyuan"), plans to work with STELLAR INVESTMENT PTE.. LTD. (hereinafter referred to as "STELLAR") has set up a joint venture company in Indonesia to invest in the development and construction of a lithium iron phosphate cathode material project with an annual capacity of 100000 tons in (IMIP), Morovali Industrial Park, Morowali County, Central Sulawesi Province. "View details

[SMM Analysis: 4680 batteries to talk about the impact of 4680] recently, major manufacturers have announced the expansion of power battery production capacity, Ningde era to build battery production bases in Xiamen and Guizhou, Yiwei Lithium can be in Jingmen 152.61GWh lithium battery production and R & D base, 20GWh passenger car large cylindrical battery production line, 16GWh lithium phosphate battery production line. "View details

At present, the demand for manganese alloys in the lower reaches has weakened and prices have continued to decline, profits have shrunk, and there is a wait-and-see mood for the future. Affected by this, the mining of the alloy factory lags behind, and the market activity is general. At present, the price of the outer disk of manganese ore is rising, the cost of traders is increasing, the willingness to ship goods at low prices is not strong, and the transaction may be deadlocked in the short term. "check the details.

[SMM analysis: 12% month-on-month increase in silicon and manganese production in October. Spot prices fell 18.2% in October. Total domestic silicon and manganese production increased by 12% month-on-month in October, and the spot price in the market increased by about 29% month-on-month. The price at the beginning of the month is much higher than that at the end of the month. According to a survey conducted by SMM, the national output of silicon and manganese in October was 725500 tons, an increase of 69700 tons over the total output in September, a 12% increase from the previous month, and a decrease of 32% from the same period last year. The total domestic output of silicon and manganese from January to October in 2021 was 8.989 million tons, 3.77 percent lower than that of 9.3414 million tons in the same period in 2020. In October, the situation of power restriction and production restriction in the main producing areas has improved as a whole, especially in Guangxi, where almost all production has resumed and full-load production began in the middle of the year. After the rise in electricity charges in Inner Mongolia, the power situation has improved and the output has gradually recovered, but mainly to deliver orders. At present, the production of downstream steel mills has not improved much, the output of silicon and manganese has gradually recovered, the overall demand has weakened, and the price has gone down. Prices rebounded after hitting a new high at the beginning of October. By the end of October, the price had dropped from 13000 yuan / ton to 11000 yuan / ton, a decrease of 18.2%, and there was a trend of continued decline. "check the details.

[Silicon and manganese spot prices continue to fall slightly different mentality of the north and south ironworks] at present, the rise in electricity prices around the country has become inevitable, production costs have increased everywhere, and the south is higher than the north. Affected by the reduction and suspension of production in downstream steel mills, the demand for silicon and manganese has weakened and spot prices have continued to decline. However, at present, the cost in the south is about 9300 yuan / ton. supported by the cost, the price reduction in the south may be limited in the short term, but it does not rule out that a small number of iron mills are worried that the price will fall significantly in the future, pressing down the cost or shipping below the cost. At present, the northern market is still profitable, and when the demand is no longer strong, there may still be room for future prices to fall. "check the details.

[South rare earth listing price release of terbium oxide by 1.9 million yuan / ton] A few days ago, southern rare earths announced the latest listing price of medium and heavy rare earth oxides. This week, the listing prices of all varieties have been raised to varying degrees, only scandium oxide is the same as last week. Europium oxide increased by 10,000 yuan per ton, gadolinium oxide increased by 25000 yuan per ton, terbium oxide increased by 1.9 million yuan per ton, dysprosium oxide increased by 170000 yuan per ton. Holmium oxide increases 70, 000 yuan / ton, erbium oxide increases 3000 yuan / ton, ytterbium oxide increases 5000 yuan / ton, lutetium oxide increases 100000 yuan / ton, yttrium oxide increases 1000 yuan / ton. "View details

[northern rare earths list price released in November praseodymium and neodymium prices increased by more than 20%] Northern rare earths today announced the listing prices of November rare earth products. Among them, lanthanum oxide was 10800 yuan / ton, cerium oxide was 10800 yuan / ton, unchanged from last month, praseodymium and neodymium oxide was quoted at 762600 yuan / ton, up 22.37% from last month, neodymium oxide was quoted at 791900 yuan / ton, up 22% over last month. Praseodymium and neodymium metal was quoted at 930000 yuan / ton, up 21.89% from last month, and metal neodymium was 965000 yuan / ton, up 21.54%. "View details

[steel recruitment price falls below 140000 mark domestic molybdenum market "falls endlessly" November 9th: in the morning, affected by the tender price of steel mills yesterday, the price of domestic molybdenum concentrate fell to 140000 yuan / tonnage. The impact of current production restrictions on steel mills superimposed on the bearish mood of the domestic market during the Winter Olympic Games, the mentality of price reduction was serious. On the afternoon of the 9th, Castle Peak, Citic Pacific Steel unveiling price fell to 135000 yuan / ton and 135800 yuan / ton respectively, the specific transaction situation is unknown, the market bearish sentiment has increased again, it is expected that the market price will fall sharply tomorrow. "View details

[SMM hot rolling arrival: North China environmental protection production restrictions are gradually relaxed mainstream market arrival is stable] this week, the market arrival increased slightly month-on-month, North China slightly rebounded, North China received a slight decline. Last week, the air quality in North China was poor, local steel mills continued to tighten production restrictions, and transportation was also affected. at present, it has basically returned to normal. It is expected that this round of air pollution in the north and strong cooling weather will have a limited impact on the southward rhythm of hot rolling. "View details

[SMM Shagang price adjustment forecast: the ex-factory price of Shagang 11-2 rebar is expected to fall by about 200yuan to 5350 yuan / ton, with a gap of about 550600 yuan / ton] according to SMM research, as of November 9, the spot price in Hangzhou area is 4850 yuan / ton, the average price of ten degrees is 4894 yuan / ton, the trader's loss is about 656 yuan / ton (based on the average of ten degrees), and the steel mills are expected to make up about 550600 yuan / ton in this period. "View details

[SMM electric furnace operating rate: power restriction relaxed, electric furnace operating rate increased 15.48% month-on-month this week] domestic power restrictions have been significantly relaxed this week, and the operating rates of steel enterprises in East, Central and Southwest China have all increased to a certain extent. Among them, the average operating rate of SMM East China sample steel enterprises increased by 2 percentage points to 57%, the average operating rate of central China sample steel enterprises increased by 18 percentage points to 75%, and that of southwest sample steel enterprises increased by 21 percentage points to 74%. "View details

[SMM survey: electricity price rise and power restriction gradually alleviated high-carbon ferrochromium production in October] according to SMM research, the national output of high-carbon ferrochromium in October was 434700 tons, up 45700 tons, or 9.71 percent, from the previous month; it decreased by 97300 tons, or 18.29 percent, from the previous month; and the cumulative output of high-carbon ferrochromium from January to October in 2021 was 4.4895 million tons, down 2.65 percent from the same period last year. With the sharp rise in electricity charges in Inner Mongolia and Guangxi in October, coupled with the recent national policy to guarantee the supply and stabilize the price of thermal coal, the situation of power restriction has improved, and the operating rate of ferrochromium production enterprises has increased. Inner Mongolia produced 192800 tons of high-carbon ferrochromium in October, up 59700 tons from the previous month, an increase of 44.85%. Guangxi produced 38000 tons in October, an increase of 29000 tons, or 322.22%, compared with the previous month. "View details

[China's iron ore imports fell 14.18% in October compared with the same period last year] Iron ore imports in the third quarter of this year decreased by 13.313 million tons compared with the third quarter of last year, and the domestic market demand decreased significantly. Iron ore imports continued to decline in October from the previous month. SMM believes that, on the one hand, domestic steel mills are limited by reduced production, the national crude steel output has dropped significantly since the second half of the year, and the demand for iron ore has been low. In addition. "View details

SMM analysis: how is asphalt coke due to the falling market price of petroleum coke? According to a survey conducted by SMM, the market price of asphalt coke in China has dropped from a peak of 3900 yuan / ton at the end of October to a recent high of 3600 yuan / ton, with a pullback price of 300 yuan, down 7.6 percent from the previous month. "View details

[ten departments: vigorously promoting clean and low-carbon transformation of key industries] the National Cleaner production implementation Plan of the 14th five-year Plan has been jointly issued by the National Development and Reform Commission and other ten departments, which proposes to vigorously promote clean and low-carbon transformation in key industries. Strictly enforce legal and regulatory standards such as quality, environmental protection, energy consumption and safety, and speed up the elimination of backward production capacity. Comprehensively carry out cleaner production audit, evaluation and certification, promote "one line, one strategy" green transformation and upgrading of key industries such as energy, iron and steel, coking, building materials, non-ferrous metals, petrochemical industry, printing and dyeing, papermaking, chemical raw materials, electroplating, agricultural and non-staple food processing, industrial painting, packaging and printing, and speed up the implementation of energy-saving, water-saving, material-saving, pollution reduction, carbon reduction and other systematic cleaner production transformation in stock enterprises and parks. Under the premise of unified national planning, we will support key industries with qualified conditions to take the lead in reaching the peak in carbon dioxide emissions. 100 enterprises have been selected to carry out cleaner production transformation projects in iron and steel, coking, building materials, non-ferrous metals, petrochemical and other industries, promoting a number of key enterprises to reach the international leading level of cleaner production.

Jintian Copper said that the company has focused on copper processing for 35 years, and its main products include copper products and rare earth permanent magnet materials. the products are widely used in electric power, building materials, home appliances, wind power generation, new energy vehicles, industrial motors and other fields. As the new production capacity has been put into production one after another, and the company continues to increase its R & D and market development in key areas such as new energy vehicles, wind power generation, UHV and 5G, the company's performance grew steadily in the first three quarters of 2021, achieving a total business income of 58.58 billion yuan, an increase of 85.68% over the same period last year.

[northeast blizzard interrupts southward land transportation] according to our SMM, there has been a severe blizzard in southeastern Inner Mongolia, north-central Liaoning, southern Jilin, western Heilongjiang and other places since the 7th. Due to this, land transportation from northeast to south has been interrupted, and all northeast electrolytic copper, including Chifeng, cannot be shipped southward for the time being. However, it is reported that the smelters (involving a total capacity of 1.05 million tons / year) have sufficient raw material reserves and all production is normal. Finally, it is worth noting that the impact of the cold wave will basically end today (November 9), and land transport to the south is expected to return to normal in the next 2-3 days.

[Huayou Cobalt Industry: there is still uncertainty in the follow-up of acquisitions and cooperation matters related to the layout of Lithium Iron Phosphate Business] Huayou Cobalt Industry has issued a stock price change announcement. Recently, the company has laid out Lithium Iron Phosphate business and signed a "letter of intent for Equity acquisition" and a "Cooperation Framework Agreement" with the controlling shareholder and Xingfa Group respectively. The relevant acquisitions and cooperation matters only express the preliminary wishes of both sides of the transaction. There is still uncertainty about whether to sign the contract, the time of signing and the content of the contract. Recently, a large number of investment plans of lithium iron phosphate have been released in the market, which may lead to changes in the relationship between supply and demand of lithium iron phosphate market in the future, and there is a downward risk of product prices, which will affect the company's investment planning and expected income.

[Indonesia Lithium Source Technology will become the first Chinese Lithium Iron Phosphate Enterprise overseas] on the evening of November 8, listed company Longyi Technology (603906) issued an announcement announcing that its holding subsidiary, Changzhou Liyuan New Energy Technology Co., Ltd., will work with investment agency STELLAR INVESTMENT PTE.. LTD. A joint venture company has been established in Indonesia to invest in the development and construction of lithium iron phosphate cathode material project with an annual capacity of 100000 tons in (IMIP), Morowali County, Central Sulawesi Province.

[industry insiders: the introduction of 4680 batteries will drive the accelerated development of the ternary high-nickel route] recently, there has been news related to the mass production of a number of 4680 batteries in the market. Industry insiders said that at present, it is still the "eve" of mass production of 4680 batteries, and the corresponding lithium power production equipment manufacturers will give priority to benefit before mass production. In addition, the introduction of 4680 batteries will drive the development of ternary high-nickel routes.

[U.S. Draft list of key Minerals 2021: adding 15 Minerals, including Zinc, Nickel, Cobalt, some small Metals, etc.] the United States added nickel and zinc to the draft list of government key minerals for 2021 released on November 8. The USGS issued a statement saying that 'critical mineral' is defined as a non-fuel mineral or mineral material that is critical to the US economy or national security as well as to the vulnerable supply chain.

[Baosteel signed a letter of intent on cooperation of 4 million tons of iron ore at the Expo] at the fourth China International Import Expo's "Xinjiang is a good place-the Investment Cooperation Promotion meeting of the Core Zone of the Silk Road Economic Belt" held on November 6, representatives of six enterprises, including Baosteel and Urumqi Lugang International Trading Company, held a project signing ceremony with a project amount of 4 billion yuan. Among them, on behalf of Baosteel, the International Trading Company signed a letter of intent for iron ore supply cooperation with Eurasian Resources Group with a total amount of 4 million tons.

[China Coal Group once again made efforts to comprehensively reduce the price of coal in the port pit mouth] China Coal Group once again comprehensively lowered the sales prices of thermal coal in the port and pit mouth. First, the unwinding sales prices of 5500 kcal coal in the northern port are all below 1100 yuan / ton. Second, the price of 5500 kcal coal pit head of its Shanxi-Shaanxi-Inner Mongolia production enterprises is all less than 900yuan / ton, making every effort to guide the reasonable expectation of the market and guide the coal price to return to rationality.

[ten departments: speeding up the clean substitution of fuel raw materials and increasing the proportion of non-fossil energy utilization in the industrial sector] the National Development and Reform Commission and other ten departments have issued the National Cleaner production implementation Plan of the 14th five-year Plan. The plan is proposed to speed up the clean replacement of fuel raw materials. We will increase the promotion and application of clean energy and increase the proportion of non-fossil energy utilization in the industrial sector. For industrial furnaces, self-provided coal-fired power plants and coal-fired boilers fueled by coal, petroleum coke, heavy oil, residual oil and blue carbon, we will actively promote the replacement of clean low-carbon energy and industrial waste heat.

[Societe Generale Securities: short-term coal prices enter the shock phase and then focus on the effect of policy regulation and changes in daily consumption] Societe Generale Securities believes that this week, thermal coal prices have gradually fallen back to a reasonable level under the guidance of policies. On the supply side, coal production has increased significantly compared with the previous period under a series of measures to ensure supply. On the demand side, the winter heating season has come, and the terminal daily consumption is about to pick up seasonally, but there is still a gap in terminal coal inventory compared with the same period last year, and there is still a demand for replenishment in the short term. To sum up, the current relationship between coal supply and demand has eased, but the winter storage market has some support, short-term coal prices have entered a shock stage, and the follow-up focus on the effect of policy regulation and changes in daily consumption.

[ten departments: by 2025, cleaner production in the industrial sector will be fully implemented. Major pollutants and carbon dioxide emissions from key industries will be significantly reduced.] the National Development and Reform Commission and other ten departments have issued the National Cleaner production implementation Plan of the 14th five-year Plan. According to the plan, by 2025, cleaner production in the industrial sector will be fully implemented, cleaner production in agriculture, service industry, construction industry, transportation and other fields will be further deepened, the overall level of cleaner production will be greatly improved, and the efficiency of energy and resource utilization will be significantly improved. the emission intensity of major pollutants and carbon dioxide in key industries has been significantly reduced, and the cleaner production industry has been growing. By 2025, industrial energy efficiency and water efficiency will be significantly higher than in 2020, and the area of high-efficiency and water-saving irrigation will be increased by 60 million mu. The total (VOCs) emissions of chemical oxygen demand, ammonia nitrogen, nitrogen oxides and volatile organic compounds decreased by more than 8%, 8%, 10% and 10% respectively compared with 2020. The national recovery rate of waste agricultural film reached 85%, the comprehensive utilization rate of straw was stable at more than 86%, and the comprehensive utilization rate of livestock and poultry manure reached more than 80%. The newly built buildings in cities and towns fully meet the green building standards.

[national Health Commission: national cumulative report on vaccination of novel coronavirus 2.338493 billion doses] data from the National Health Commission show that as of November 8, 2021, 31 provinces (autonomous regions, municipalities directly under the Central Government) and the Xinjiang production and Construction Corps reported a total of 2.338493 billion doses of novel coronavirus's vaccine.

[central Clearing Corporation: the custodian volume of bonds of overseas institutions increased by 22.6 billion yuan in October] the data released by the Central Clearing Corporation on the 9th showed that the face value of bonds held by foreign institutions with the Central Clearing Company increased by 22.6 billion yuan to 3.52 trillion yuan in October. In the same month, foreign institutions increased their net holdings of treasury bonds by 24 billion yuan, totaling 2.3 trillion yuan.

According to a macro research report released by CITIC Securities, looking ahead to 2022, on the basis of the increase in vaccination rates in various countries and the repair of endogenous kinetic energy in the economy, the global economy is expected to return to trend growth, inflation is lower than the same period last year, but the central bank is significantly higher than the pre-epidemic level, central banks have gradually entered the cycle of raising interest rates and tightening, and the external environment is still complex. At present, China's economy is not "stagflation", but "epidemic tail syndrome", which is an unavoidable tail effect after the impact of the epidemic, which generally slows down the pace of China's economic recovery after the epidemic. Based on the fact that the economic operation is still below the potential growth level and the price transmission from upstream to downstream has emerged, consumer prices may face upward pressure in 2022, and it is expected that macro policy will shift to "monetary stability and fiscal broadening". In 2022, China's economic operation will really enter the "post-epidemic era". Specifically, the structure of fixed asset investment is expected to be differentiated and generally stable, consumption is expected to return to the potential level by the end of 2022, the marginal growth rate of exports slows but still maintains high growth, and the overall economy is expected to achieve a growth rate of about 5.4%. Higher than the two-year average growth rate in 2021.

Gan Lin, deputy director of the State Administration of Market Supervision and Administration: strengthen the examination of the concentration of operators in the fields of people's livelihood, finance, science and technology, and media in accordance with the law. Gan Lin, deputy director of the State Administration of Market Supervision and Administration, said recently: we will continue to standardize competition in key areas such as the digital economy, scientific and technological innovation, information security, and protection of people's livelihood. First, efforts should be made to improve the fair competition system and further build a solid foundation for the rule of law. We will promote the acceleration of the revision of the Anti-Monopoly Law, timely revision of the Anti-unfair Competition Law, the formulation and promulgation of the provisions on the Prohibition of unfair Competition on the Internet and the provisions on the Protection of Trade Secrets, continuously improve supporting legislation, and constantly improve the system. make clear rules and draw a bottom line for market subjects, and set up "traffic lights".

[major projects hit the ground one after another, infrastructure investment press the acceleration button] the cold wave in winter has not extinguished the enthusiasm for starting. recently, a number of major projects in Guangdong, Hubei, Yunnan, Fujian, and other places have started one after another, and strive to speed up the landing to achieve results by the end of the year. With the strong support of the policy, a number of new energy infrastructure and related supporting industry projects have also been launched in the near future. As many projects are launched at the end of the year, several experts say the growth rate of infrastructure investment, which has been weak so far this year, is expected to pick up by the end of this year and the beginning of next year. However, due to the limited impact of the physical workload of major new projects on infrastructure investment in the short term, and the overall small scale of new energy, new infrastructure and other projects currently being vigorously promoted, infrastructure investment will moderately boost the economy in the short term. With the start of major projects in the 14th five-year Plan, infrastructure investment may pick up significantly in the first half of next year. In the long run, the pulling effect of new energy and new infrastructure on infrastructure investment tends to be enhanced. In order to keep the economy running within a reasonable range, the National Development and Reform Commission has recently made it clear that it will speed up the issuance and use of 3.65 trillion yuan of local government special bonds for the whole year, and promote major projects and basic livelihood projects to form a physical workload as soon as possible.

[Zhejiang: orderly Development of Power side Energy Storage Construction vigorously develop Electroweb side Energy Storage Construction] Zhejiang Provincial Development and Reform Commission and the Provincial Energy Bureau issued implementation opinions on Zhejiang Province to speed up the demonstration application of new energy storage: to carry out power side energy storage construction in an orderly manner. Support the construction of power-side energy storage projects such as "microgrid + energy storage" and "new energy + shared energy storage", and encourage new offshore wind power and centralized photovoltaic power stations to integrate new energy characteristics, system consumption space, regulation performance and economy and other practical factors, build or purchase new energy storage (services). Centralized energy storage power stations are encouraged to provide capacity rental or purchase services for new energy sources. We will encourage the construction of new energy storage facilities in coal-fired power plants and jointly modulate frequency with coal-fired units to enhance their comprehensive competitiveness. At the same time, vigorously develop Electroweb side energy storage construction; actively support user side energy storage construction; and strive to promote independent energy storage construction.

[national Energy Administration: the first batch of large-scale wind power photovoltaic base projects are mainly distributed in six provinces.] on November 8, the State Energy Administration said that the first batch of large-scale wind photovoltaic base projects focusing on desert, Gobi and desert areas, with a scale of about 100 million kilowatts. These projects are mainly distributed in six provinces (regions) of Inner Mongolia, Qinghai, Gansu, Ningxia, Shaanxi, Xinjiang and the Xinjiang production and Construction Corps, and are being carried out in an orderly manner in accordance with the principle of "one mature and one construction".

[TSMC has submitted chip supply chain information to the United States] according to Taiwan's "Zhongshi News", due to a global chip shortage, the US Department of Commerce had previously asked TSMC, Intel, Samsung, SK Hynix and other chip manufacturers to submit relevant "confidential information" by November 8. So far, 23 Taiwanese manufacturers, including TSMC, have replied to the US side to "hand in" and return relevant data before the deadline, while South Korean companies such as Samsung and SK Hynix have not yet replied.

[new energy vehicles with "lack of core": supply is blocked but terminal heat continues] the impact of lack of core on new energy vehicles has attracted much attention from the market. Retail sales of new energy passenger cars fell month-on-month in October, according to data from the car Federation. A reporter from the Financial Associated Press visited a number of 4S stores and learned that under the condition that demand is stronger than supply, mainstream models all need to queue up. At the same time, consumers have become more tolerant of "waiting time". Even if the pick-up period is as long as more than three months, some car owners have indicated that they are "willing to wait".

[four departments issue documents to promote industrial green development in the fields of new energy vehicles and recharging stations] the guidance on strengthening industry-finance cooperation to promote industrial green development proposes to speed up the development of strategic emerging industries, raise the level of industrial chains such as key parts, automotive chips, basic materials, software systems, etc., of new energy vehicles and intelligent network-connected vehicles, and promote higher industrial concentration. We will speed up the construction and operation of infrastructure such as charging piles, replacement power stations and hydrogen filling stations, and promote the construction of a recycling system for power batteries of new energy vehicles.

[wholesale sales of new energy passenger vehicles reached 368000 in October, market penetration reached 18.6%] according to data released by the Automobile Federation on November 8, wholesale sales of new energy passenger vehicles reached 368000 in October, an increase of 6.3% from the previous month and a year-on-year increase of 148.1%. From January to October, 2.381 million new energy passenger vehicles were wholesale, an increase of 204.3% over the same period last year. In addition, retail sales of new energy passenger cars reached 321000 in October, up 141.1 per cent from a year earlier and down 3.9 per cent from a month earlier. From January to October, retail sales of new energy vehicles were 2.139 million, an increase of 191.9 percent over the same period last year.

[CICC: the global new energy vehicle is expected to break through 10 million sales in 2022] China International Capital Corporation pointed out in 2022 that the industry chain of new energy vehicles in 2021 is generally under pressure from the rising prices of upstream raw materials, but the downstream demand continues to verify. The industrial chain is still expected to achieve high growth; Looking forward to 2022, it is expected that the global critical breakthrough of new energy vehicles will exceed 10 million sales, and the development of the industrial chain will reach a new height. It is suggested that investors should pay attention to the three main structural lines: the volume of the US market, upstream capacity expansion and mid-stream technological progress-driven profit repair in the middle and lower reaches, as well as the globalization of iron and lithium.

[China Automobile Association: auto parts exports rose 41.8% in the previous September compared with the same period last year] according to export data compiled by the General Administration of Customs compiled by the China Association of Automobile Manufacturers, from January to September, auto parts exports totaled US $61.51 billion, an increase of 41.8% over the same period last year. Among the main export varieties of auto parts, compared with the same period last year, the export value of the four major categories of auto parts continued to maintain a momentum of rapid growth.

[Fuzhou third batch of centralized land supply: 43 land sales limit 26500 yuan-42000 yuan / square meter] November 9, Fuzhou people's Government, Fuzhou Mawei District people's Government, Fuzhou Changle District people's Government has approved the public transfer of 43 pieces of state-owned construction land use rights, such as Zongdi 2021-55-2021-84, Mazongdi 2021-07-10, Changle 2021-Pai 11-16, 2021 Binpai-7-9, etc., on November 9, the Fuzhou Municipal people's Government, Fuzhou Mawei District people's Government and Fuzhou Changle District people's Government have approved the public transfer of the right to the use of 43 pieces of state-owned construction land. All houses are sold at limited prices, ranging from 26500 yuan to 42000 yuan per square meter.

[national Research Center convened Shenzhen real estate enterprises and financial institutions to discuss the real estate market] on the morning of the 8th, the Development Research Center of the State Council held a Shenzhen real estate situation forum in Shenzhen, including Vanke, Kaisa Ye, representatives of representative real estate enterprises, Shenzhen Housing Society and a number of financial institutions to participate in the discussion. The discussion included the overall situation of the real estate market, the current risks, as well as views and opinions on the real estate tax.

[Omar Electric Appliance: plan to adjust the investment plan of the holding subsidiary to invest in the new factory building] recently (November 8), Omar Electric Appliances issued a notice saying that according to the current market environment and the future development strategy of the company's holding subsidiary Guangdong Omar refrigerator Co., Ltd., in order to optimize the product structure, expand the business scale, and further enhance the comprehensive competitiveness, Omar refrigerator plans to use its own funds to invest in the new plant. Specifically, it includes two projects: "intelligent manufacturing project of 2.8 million high-end air-cooled refrigerators per year" and "expansion project of the fifth branch factory of Omar refrigerator". The total investment of the project is expected to be 1.04168 billion yuan.

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