SMM tin morning news: 2203 contracts as a whole is still in the high horizontal range, the capital leaves the market obviously. Fundamentals, warehouse receipt inventory changes little, the spot market has entered the Spring Festival holiday state of desolate transactions. On the market trend, 2203 contracts opened last night to rebound after the horizontal performance, price volatility slowed and still maintained a high range of operation. The performance of concentrated funds leaving the market is outstanding, and the intention of reducing positions before the festival to avoid risks is obvious. To sum up, the price trend to maintain horizontal funds leaving the market, it is expected that the pre-festival high horizontal market probability is higher.
Shanghai tin maintains high horizontal trading fund concentration and leaves the market in intraday trading [SMM Tin Morning News]
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SMM steel morning meeting summary: yesterday even iron shock operation, the whole day increase of less than 1%. The final closing price of the main contract is 769. Port spot traders offered an increase of 5-10 yuan / ton in early trading compared with the previous day. Yesterday there was still sporadic a small amount of rigid demand procurement, but the overall market transaction is relatively deserted. As a result of the Winter Olympic Games, steel mills are expected to increase their production limits, but at present, some steel mills are still replenishing their stocks, and the coke market is expected to operate steadily during the Spring Festival. The spot transaction in the finished wood market is basically stagnant, and the price is mainly stable.
Spring Festival is approaching & spot turnover is basically stagnant coil snail inventory continues to accumulate [minutes of SMM Steel Morning meeting]
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Macro aspect:
Crude oil: crude oil futures fell on Thursday after hitting their highest level since October 2014 as markets weighed fears of a global supply crunch against expectations that the Fed would tighten monetary policy soon. The Fed said on Wednesday that it may raise interest rates in March and plans to end its bond-buying program at that time to curb inflation, which also put pressure on oil prices.
On the dollar side: the dollar surged to its highest level against other major currencies since July 2020 on Thursday. The move comes a day after the Fed said it was likely to raise interest rates faster and more sharply in the coming months. With the Fed signalling that it is prepared to start raising interest rates in March to curb soaring inflation, money markets have now priced in the possibility of raising interest rates as many as five times by the end of the year, each by 25 basis points.
The Fed's hawkish tone on Wednesday prompted investors to be long on the dollar. The dollar index, which measures the exchange rate of the dollar against other major currencies, rose to 97.299, the highest level since July 2020. The 0.8% increase was the biggest one-day increase in more than two months.
In terms of macro data: today, we will focus on the initial GDP quarterly rate after the fourth quarter adjustment in Germany, the economic climate index of the euro zone in January, the final value of the consumer confidence index of the euro zone in January, the annual rate of the PCE price index in the United States in December, and the monthly rate of personal expenditure in the United States in December.
In the metal market:
The metal market is more downward, and the Federal Reserve hinted that monetary policy may be tightened faster than expected, boosting the dollar, putting pressure on the metal market, ending two consecutive trading days of rising trend, intraday volatility and falling, LME copper registered warehouse receipts are relatively small, limit the decline to expand. Copper registered warehouse receipts fell to a two-month low of 65750 tonnes, according to the data. Lun aluminum pulled up again in intraday trading, recording its fourth consecutive day of gains. The Shanghai zinc plate fluctuated in a narrow range after the initial lift, rising by more than 2%.
In terms of black, hot rolls, threads, and iron ore plates fluctuated upwards after being pulled up, with iron ore up 2.6%, threads up 1.34%, hot rolls up 1.39%, and stainless steel shock weakening, down 0.66%.
Coke series, power coal plate diving, a decline of more than 2%, coke coal, coke plate after a setback to repair, the final coke rose 0.53%, coke rose 0.62%.
In precious metals, gold futures closed down 2% on Thursday, the lowest closing price in three weeks. The dollar rose and gold came under pressure after the Fed hinted that it would raise interest rates as early as March. Precious metals prices continued their decline after data on Thursday showed that US GDP grew by 6.9 per cent in the fourth quarter. Economists had predicted that GDP would grow by 5.5 per cent in the fourth quarter.
[overnight quotation] the US dollar strengthened, crude oil fell, and the metals market weakened one after another.
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[SMM analysis: the Federal Reserve puts a "hawk" signal that copper leads the decline in the early Spring Festival.] Macro-bias exerts pressure on copper prices, but the strong structure still has a bottom support for copper prices. Copper prices are expected to fall slightly, with limited room for decline. "View details
[SMM data: domestic electrolytic aluminum social inventory is unchanged at 726000 tons] on January 27th, 2022, SMM counted domestic electrolytic aluminum social inventory of 726000 tons, which was the same as last Thursday. Nanhai, Gongyi, Shanghai and Hangzhou contributed major increases. Wuxi to the warehouse owner due to the availability of the warehouse, the arrival of goods caused by the decrease. "View details
[national aluminum bar inventory weekly review: aluminum bar inventory increased by 34700 tons to 211600 tons compared with last Thursday] the latest aluminum bar inventory data from SMM statistics show that aluminum bar inventory has increased by 34700 tons to 211600 tons compared with last Thursday, an increase of 19.62%. So far, the national aluminum bar inventory has been accumulated for five weeks in a row. All five regions showed fatigue this week. Among them, Foshan and Wuxi contributed the main increase, Foshan inventory increased by 14600 tons, or 15.48%, compared with last Thursday, and Wuxi inventory increased by 12600 tons, or 33.78%, compared with last Thursday. The increment is the largest in Foshan area and the largest in Wuxi area. Approaching the Spring Festival, downstream enterprises basically shut down this week, the overall demand for aluminum bars is light, and there is no market in the market. "check the details.
[SMM aluminum downstream weekly survey: with the Spring Festival holiday approaching, the start-up of aluminum downstream processing enterprises has dropped sharply] the average operating rate of aluminum downstream leading processing enterprises has dropped sharply by 9.9 percent to 56.9 percent this week. Looking at the sub-section, except for the current orders of aluminum strip and aluminum foil enterprises, and the start-up remains stable, the rest of the aluminum processing enterprises are affected by the Spring Festival holiday, and the operating rate has dropped significantly this week, with the largest decline in aluminum profile enterprises. Aluminum cable, recycled aluminum alloy enterprises took the second place. Next week is the Spring Festival holiday, in addition to aluminum strip and aluminum foil enterprises are expected to start next week stable, the rest of the aluminum processing plate operating rate will continue to decline sharply. "View details
[SMM data: the increase of electrolytic lead production in January 2022 is less than expected or more than 30,000 tons affected by the Spring Festival in February] according to the preliminary survey of SMM, the national production of electrolytic lead is expected to be 271300 tons in January 2022, a slight increase of 0.61% month-on-month and 3.85% higher than the same period last year. "View details
[SMM analysis: February output is expected to decline due to domestic tin refinery holiday] the Spring Festival holiday time of smelters is concentrated after the 25th of this month, so the pre-festival holiday has little impact on the overall domestic refined tin production in January. During the Spring Festival, the time for some smelters to start and resume production after the Spring Festival holiday is mainly concentrated around the fifteenth day of the first lunar month. Compared with the actual production time, it is not difficult to see that the impact of the refinery holiday on the expected output in February will be greater than that in January. To sum up, according to the overall planning of the Spring Festival start and stop time and output proportion of smelters in major regions of the country, SMM expects the domestic refined tin production in February to be. "View details
[SMM analysis: the heat of lithium recovery is gradually deepening the concept of urban mines] the annual output of lithium extraction from the recycling plate in 2021 is about 22000 tons of lithium carbonate equivalent, an increase of about 46 per cent over the same period last year. In the future, as the domestic recycling field shifts from policy guidance to deepening, the demand for lithium resources will rise sharply, and China's lithium recovery sector will make obvious efforts. It is expected that China's lithium recovery output will increase to 91000 tons in 2025, with a five-year compound growth rate of 35.4%. It accounts for about 22% of the domestic resource supply, when the recovery and extraction of lithium will become one of the main forces in the domestic supply of lithium resources. "View details
[SMM analysis: the cost of lithium iron battery exceeds that of ternary BYD in 2021. The total cost of BYD "Han" rose nearly 30,000 yuan] according to SMM data, the cost of 523 square ternary battery rose from 0.56 yuan / Wh to 0.87 yuan / Wh, by 57% in 2021, and lithium iron phosphate battery rose by 72%, from 0.42 yuan / Wh to 0.73 yuan / Wh in 2011.According to the data of BYD, the cost of 523 square ternary battery rose from 0.56 yuan / Wh to 0.87 yuan / Wh in 2021. The price increase of ternary cathode materials (80%) is lower than that of lithium iron phosphate materials (150%). The main reason is that the cost of lithium carbonate in lithium iron phosphate is relatively high (65% in December), and the cost of lithium carbonate accounts for 40% in ternary materials. the price increase of superimposed cobalt-nickel manganese salt is also lower than that of ferric phosphate. "View details
[SMM concern: the capacity replacement project of Tangshan Songting Iron and Steel Co., Ltd. started in March] with the application of Tangshan Industry and Information Bureau, the capacity replacement plan of the ironmaking construction project of Tangshan Songting Iron and Steel Co., Ltd. has been changed, mainly due to changes in the proposed start-up time, proposed production time, start-up and demolition time, demolition time in place, and no change in other contents. "check the details.
[SMM Hot spot Analysis: steel Mills 2021 Annual report Forecast-A number of steel companies achieve record profits and accelerate the optimization and transformation of the iron and steel industry! The business performance of many steel enterprises has reached an all-time high, and the iron and steel industry has made a good start to the "14th five-year Plan" in 2021. In the face of uncertain factors such as "double carbon" goal, "double energy consumption control" and foreign mineral supply, the iron and steel industry has actively responded to the changes in the situation at home and abroad. The overall operation situation of the industry is good, the operating performance of many steel enterprises has reached a new high, and the iron and steel industry has made a good start to the 14th five-year Plan. At present, a number of domestic listed iron and steel enterprises have announced their business situation or performance forecast in 2021, and the SMM is sorted out as follows. "check the details.
[SMM thread inventory: more places to enter the closed state inventory growth than the expansion] this cycle snail high shock, the spot market terminal is basically a holiday, many places into the closed state, the price is running smoothly. Some steel traders are optimistic about post-holiday prices, have a high enthusiasm for taking stock depots, and winter storage resources have been delivered one after another, the growth rate of social treasury has expanded month-on-month, and factories and warehouses have accumulated slightly. The production of steel enterprises in the south is relatively normal on the supply side, but environmental protection has become stricter in some parts of the north, and according to SMM research, as of January 25, all 34 independent electric arc furnace steel enterprises in China have been closed, and the output of building materials has dropped slightly again this week; the transaction on the demand side of the market is deserted, and the table demand has dropped by 30% month-on-month. "View details
[SMM hot roll inventory: hot roll inventory will continue to accumulate this week] the total stock of hot rolled coil this week is 3.0814 million tons, compared with last week + 107600 tons, month-on-month + 3.62%, year-on-year-12.96%. This week, the hot volume total inventory, social inventory and factory-warehouse ratio are all accumulated. This week, the total inventory of hot rolls continued to accumulate, and the output of hot rolls continued to increase during the week, mainly from the northern region. On the demand side, market players such as terminals, traders and warehouses have been on holiday one after another, and market transactions have basically stagnated. "View details
[SMM data: total stainless steel production is expected to be about 2.34 million tons in January 2022 and production is expected to be stable in February] according to SMM research, the national stainless steel production in January 2022 is expected to be about 2.3455 million tons, a decrease of 333000 tons compared with December, a month-on-month decrease of about 12.45%, and a year-on-year decrease of 12.04%. Apart from the departments, in January 2022, the output of 200 series stainless steel was 652000 tons, down 21.13% from the same period last year. The output of 300 series stainless steel was about 1.227 million tons, and 0.96% was lower than the same period last year. The output of 400 series stainless steel was about 465000 tons, down 22.4% from the same period last year. Stainless steel production declined in January 2022, mainly due to the shutdown and overhaul of steel mills during the Spring Festival holiday. "View details [SMM coke market depth analysis: Indonesia resumes export domestic thermal coal supply tension] SMM analysis, the current power plant replenishment demand is significantly increased, but the supply is beginning to weaken, the overall thermal coal market is strong, Ordos Q5600 reported 830 yuan / ton, Yulin Q6200 reported 970 yuan / ton, Datong Q5500 reported 810 yuan / ton. As of January 27, 2022, Indonesian officials have allowed 171 domestic coal mining enterprises to resume coal mine exports, and according to the data of the General Administration of Customs, China imports an average of more than 20 million tons of coal from Indonesia every month. Indonesia's resumption of coal exports has alleviated the shortage of thermal coal supply in China, and thermal coal prices are expected to remain stable after spring. Indonesia resumes export domestic thermal coal supply tension improves [SMM coke market depth analysis] "View details
[SMM molybdenum spot KuaiBao: domestic molybdenum market remains calm and price does not fluctuate for the time being] on January 27th, the mainstream transaction prices of 45% molybdenum concentrate in China are 2400-2420 yuan / tonnage; 60% molybdenum-iron mainstream transaction prices are 16-164000 yuan / ton, prices are more stable than yesterday. The environmental protection policy of many places in the north has also become a market concern on the eve of the Winter Olympic Games, but so far, except for a certain degree of environmental protection inspection in Liaoning, there is no clear government notice in other areas. "View details
[SMM magnesium ingot spot KuaiBao: low price transactions increase magnesium prices stop falling and maintain stability] on January 27th magnesium prices stopped falling and maintained stability, and the factory quotation has an upward trend. It is understood from the factory that with the rapid decline in magnesium prices in the past two days, the turnover of low-priced magnesium ingots in the market has increased, and under the support of warmer trading, magnesium prices have stopped falling and maintained stability. "check the details.
[SMM comment: closed atmosphere concentrated electrolytic manganese festival wait and see] on January 27th, the domestic spot price of electrolytic manganese is stable at 39500-40500 yuan / ton compared with yesterday, and before FOB festival, it is temporarily stable at 6300-6500 US dollars / ton. At present, most of the merchants and manufacturers in the manganese industry chain have stopped production and closed the market, the logistics capacity is insufficient, and some of the pre-festival negotiations and receiving goods have been moved to delivery after the year. "check the details.
[SMM Manganese Mine Review: there is no fluctuation in manganese ore prices before and after the Spring Festival] on January 27th, northern ports: Australian mine 44-45 yuan / tonnage; South African hemicarbonate mine 33-34 yuan / tonnage; Gabon mine 40.5-41.5 yuan / tonnage; Brazilian mine 41-42 yuan / tonnage; South African ferromanganese mine 33-34 yuan / tonnage. Southern ports: 44-45 yuan / tonnage of Australian mine; 34.5-35.5 yuan / tonnage of hemicarbonate mine in South Africa; 41-42 yuan / tonnage of Gabon mine; 42-43 yuan / tonnage of Brazilian mine; 34-35 yuan / tonnage of high iron ore in South Africa. A few days before and after the Spring Festival, all parties have basically completed their purchases, there is no market in the mining market for the time being, and prices remain stable. "check the details.
[SMM comment: the volume and price increase in rare earth exports in 2021 is still a large gap in overseas demand. China's rare earth exports increased in volume and price in 2021, with a total export of 107900 tons of rare earths for the whole year, an increase of 38 percent over the same period last year. Among them, the export volume of rare earth permanent magnets increased gradually in the first three quarters, and the demand for overseas procurement continued to grow. Exports in the fourth quarter were 12900 tons, which was greatly affected by the increase in the price of raw materials, and the procurement demand decreased slightly compared with the previous quarter. In 2021, the domestic demand for rare earth permanent magnets in various terminal fields such as new energy vehicles and wind power generation is about 190000 tons, and the export volume of rare earth permanent magnets accounts for about 19% of the total output of rare earth permanent magnets in China. China's global supply of rare earth permanent magnets has reached 80%, and overseas demand for rare earth permanent magnets will reach 60,000 tons in 2021. The main export areas of rare earth permanent magnets in China are Europe and the United States. driven by the policies of downstream new energy vehicles and offshore wind power projects in Europe and the United States, the overseas demand for rare earth permanent magnets is still far lower than the domestic demand for rare earth permanent magnets. ] "View details
[SMM Weekly Review: metallurgical grade silicon orders can still maintain stable silicon prices] Metal silicon prices have been operating steadily this week. Huangpu Port has no oxygen 55 silicon at 18800-18900 yuan / ton, oxygen-44 silicon at 20700-20800 yuan / ton, and 330 silicon at 21000-21200 yuan / ton, which is the same as last week. "View details
[SMM analysis: China's magnesium ingot production maintained growth in January.] according to SMM research, China's magnesium ingot output in January was about 81000 tons, an increase of 20.08% from the previous month and a year-on-year increase of 22.10%. "View details
[SMM data: China's total titanium dioxide exports exceeded 1.3 million tons in 2021] according to SMM statistics, as of December 2021, China's titanium dioxide exports totaled 1.31 million tons, with a cumulative increase of 8.04 percent over the same period last year. In December, China exported 133687 tons of titanium dioxide, an increase of 8.19% over the previous month, and an increase of 31.03% over the same period last year. "View details
[copper price rises boost Freeport-McMoRan profits] copper miner Freeport-McMoRan Inc reported on Wednesday that quarterly profits rose 56%, in line with expectations, as supply concerns and the global economic recovery from the pandemic pushed up copper prices.
[Peruvian communities block transport roads used at the Las Bambas copper mine] Andean community leaders said on Wednesday that residents would block a controversial road used to transport metal at the MMGLas Bambas mine from Thursday, which was the flashpoint of local protests.
[Hailiang shares 2021 net profit increased 60%-80% actively layout copper foil business in the field of new energy materials] Hailiang shares issued a performance forecast for 2011. during the reporting period, the net profit belonging to shareholders of listed companies was 1.0844386 billion yuan to 1.2199934 billion yuan, an increase of 60% to 80% over the same period last year, and net profit of 750.7171 million yuan to 886.272 million yuan after deducting non-recurring profits and losses. An increase of 74.71%-106.26% over the same period last year.
[the Biden administration killed Antofagasta's Minnesota copper project] the U.S. Department of the Interior cancelled two mineral leases for Antofagasta Plc's proposed Twin Metals copper-nickel mine in Minnesota on Wednesday, effectively killing the project and handing a major victory to environmentalists.
[Shunbo alloy: year-on-year pre-growth of 55.35% to 89.87% of recycled aluminum industry in 2021] Shunbo alloy released its annual performance pre-increase report on January 27th. The report reveals that the net profit attributed to shareholders of listed companies is expected to be 304 million yuan to 372 million yuan in 2021, an increase of 55.35% to 89.87% over the previous year, and strong demand in the downstream aluminum industry in 2021. The rise in volume and price has improved the profitability of the company. At the same time, the continuous layout of recycled aluminum effectively drives performance growth.
[Shenhuo shares: Lu 2021 performance pre-increased by 747.04% compared with the same period last year, the sales increase of electrolytic aluminum project put into production is obvious] Shenhuo shares previously disclosed the annual performance forecast for 2021, and the net profit attributed to shareholders of listed companies in 2021 is expected to be 3.101 billion yuan, an increase of 747.04% over the 358 million yuan in 2020. With the gradual commissioning of the Yunnan Hydropower and Aluminum Integration Project, the company's sales volume of electrolytic aluminum products has increased by 400000 tons.
[HTC expects net profit to grow by more than 111.13% in 2021 compared with the same period last year, production and sales of zinc products decreased] HTC issued a forecast of results in 2022-01-26, and expected net profit attributable to 2021 to 250 million yuan to 300 million yuan, an increase of 111.13% to 113.36% over the previous year. In terms of main business in the chemical industry, since 2021, the market demand for phosphate products of the company has been strong, the price has risen, and the economic benefit has increased significantly; the price of natural gas chemical synthetic ammonia products has increased, and the profitability has increased significantly compared with the same period last year. In the aspect of non-ferrous metal zinc smelting, affected by the shortage of zinc concentrate supply, the cost of purchasing zinc concentrate is high, the electrolytic zinc production plant is operating at low load, and the production and sales of zinc products are lower than that of the same period last year, which has a certain impact on the company's operating performance.
[China 22 Metallurgical Group undertakes the construction of the wet smelting project of Qingmeibang laterite nickel mine in Indonesia] on January 21, the overseas division of China 22 Metallurgical Group contracted the construction of the wet smelting project of Qingmeibang laterite nickel mine in Indonesia. This project is located in Qingshan Industrial Park, Central Sulawesi Province, Indonesia. It is a wet smelting plant with a production capacity of not less than 50, 000 tons of nickel metal and 4000 tons of cobalt metal. The construction content mainly includes supporting equipment and pipeline installation, pipe gallery rack production and B02C steel structure production and installation.
[2021 performance of 4 lithium power enterprises in a single day! Tianqi lithium industry pre-increased by more than 1.8 billion, it increased 20 times compared with the same period last year! After Ganfeng Lithium, one of the "lithium duo", released an expectation of a year-on-year increase in net profit of more than 368%, Tianqi Lithium's pre-increase announcement was long overdue. Tianqi Lithium is expected to make a net profit of 1.8 billion-2.4 billion yuan in 2021, compared with a loss of 1.834 billion yuan in the same period last year, according to financial data. On the same day, Shanshan shares also announced that the company is expected to make a net profit of 3.1 billion yuan to 3.39 billion yuan in 2021, an increase of 2146% to 2356% over the same period last year.
[world-class Salt Lake Lithium Project completes delivery Zijin Mining opens a new energy "new track"] on January 26, after more than three months of steady progress, Zijin Mining announced the completion of the 100% equity merger and acquisition of Canada's New Lithium Company. officially open up a "new track" for new energy. The company will start the construction of 3Q Salt Lake Lithium Project in Argentina as soon as possible to achieve the goal of putting the first phase of the project into production by the end of 2023.
[Yongxing Materials and Ningde Times signed a joint venture agreement to plan and build a lithium carbonate project with an annual output of 50,000 tons] Yongxing material announcement, the company signed a "joint venture agreement" with Ningde Times, and the company and Ningde Times will set up a joint venture company in accordance with the agreement. and take the joint venture company as the main body to invest in the construction of lithium carbonate project, the total investment amount of the project is not more than 2.5 billion yuan, planning and construction capacity project with an annual production capacity of 50,000 tons of lithium carbonate; The first phase will invest in the construction of an annual capacity project with an annual capacity of 30, 000 tons of lithium carbonate, with a total investment of no more than 1.5 billion yuan; after the first phase of the project reaches production, the construction of surplus capacity will be started.
On January 25, Hangke Technology announced that it had received a fixed-point notice from Yiwei LiNeng and its holding subsidiary, totaling 497 million yuan (including tax) for lithium equipment. Hangke Technology said that winning the bid is conducive to the company's business expansion in the field of new energy batteries, strengthen friendly cooperation with major customers, and improve the company's revenue scale and profitability. it is expected to have a positive impact on the company's operating performance this year and in the future.
300818.SZ said on the investor interactive platform on January 27 that the mining of lithium ore needs to go through mineral processing, and the company's products are applied to lithium mining enterprises, but account for less than 1% of the company's audited revenue in 2020.
[world Steel Association: global crude steel production in 2021 increased by 3.7% over the same period last year] according to the World Iron and Steel Association, global crude steel production in 2021 was 1.9505 billion tons, an increase of 3.7% over the same period last year. In December 2021, crude steel production in 64 countries counted by the World Iron and Steel Association was 158.7 million tons, down 3 per cent from the same period last year.
[world Iron and Steel Association: global crude steel production in December 2021 was 158.7 million tons, down 3.0% from the same period last year. In December 2021, crude steel production in 64 countries counted by the World Iron and Steel Association was 158.7 million tons, down 3.0% from the same period last year. Global crude steel production for the whole year of 2021 was 1.9505 billion tons, an increase of 3.7 per cent over the same period last year. In December 2021, China's crude steel output was 86.2 million tons, down 6.8 percent from the same period last year; India's crude steel production was 10.4 million tons, up 0.9 percent from the same period last year; Japan's crude steel production was 7.9 million tons, up 5.4 percent from the same period last year; the United States crude steel production was 7.2 million tons, up 11.9 percent from the same period last year; Russia's crude steel production is estimated to be 6.6 million tons, unchanged from the same period last year; South Korea's crude steel production was 6 million tons, up 1.1 percent from the same period last year; Germany's crude steel production was 3.1 million tons, up 0.1% from the same period last year; Turkey's crude steel production was 3.3 million tons, down 2.3% from the same period last year; Brazil's crude steel production was 2.6 million tons, down 11.4% from the same period last year; and Iran's crude steel production is estimated to be 2.8 million tons, up 15.1% from the same period last year.
[process cost reduction achieved remarkable net profit increase of about 256% in 2021] on January 26, Anshan Iron and Steel Co., Ltd. issued a forecast of 2021 results. The net profit belonging to shareholders of listed companies is about 7040 million yuan, an increase of about 256% over the same period last year. Net profit belonging to shareholders of listed companies after deducting non-recurring profits and losses is about 7020 yuan, an increase of about 255% over the same period last year.
[Baosteel Desheng 4 kinds of tapping mark BN1TL transferred to normal batch production] recently, the evaluation meeting of BN1TL new product conversion was organized by Baosteel Desheng stainless Steel Technology Center. A team of 6 professionals from relevant departments of its steelmaking plant, hot rolling plant, cold rolling mill, manufacturing management department and stainless steel technology center made a comprehensive review of the R & D basis, R & D means, R & D process and technical measures adopted in the R & D process of BN1TL new products.
Don't be afraid of the Fed's hawkish signal! Goldman Sachs is firmly bullish on raising the target price of gold to $2150] spot gold fell slightly as Powell sent a hawkish signal after the overnight Fed decision. However, Goldman Sachs remains bullish on the outlook for gold prices this year and raised its target price. Goldman Sachs reported on Thursday that it would raise its 12-month gold price forecast to $2150 an ounce from the previous $2000 an ounce and recommended buying gold futures in December 2022.
[Hengdian East Magnetic and its subsidiary invested in the construction of a permanent magnet ferrite project with an annual output of 22000 tons] Hengdian East Magnetic announced that in order to further enhance the market competitiveness of the permanent magnet industry, the company plans to set up a subsidiary with the wholly-owned subsidiary Dongyang Dongji New Energy Co., Ltd. in Guangxi Wuzhou, Guangdong and Guangxi, and invest in a permanent magnet ferrite project with an annual output of 22000 tons, with a total investment estimated at 124.328 million yuan. Among them, the investment in fixed assets is about 90.328 million yuan, and the working capital is about 34 million yuan, all of which are expected to add 22000 tons of permanent magnet ferrite after delivery.
[Hengdian East Magnetic Investment 513 million to build a soft magnetic ferrite project with an annual output of 15000 tons] Hengdian East Magnetic issued an announcement on investing in an annual soft magnetic ferrite project with an annual production capacity of 15000 tons. The company plans to invest an annual soft magnetic ferrite project with an annual output of 15000 tons in the East Magnetic High-tech Industrial Park, Hengdian Town, Dongyang City, Zhejiang Province. The total investment of the project is estimated to be 513.28 million yuan, of which the investment in fixed assets is about 333.28 million yuan and the working capital is about 180 million yuan. The project is completed and is expected to increase the production capacity of 15000 tons of soft magnetic ferrite after delivery.
Terminal information
[Ruitai new materials gem IPO submitted for registration is expected to make a net profit of more than 546 million in 2021] after the fund-raising project reaches production, the total electrolyte production capacity of Ruitai new materials lithium-ion battery will reach 190000 tons. Considering the impact of projects under construction and already under construction, the total electrolyte production capacity of lithium-ion batteries is expected to reach about 300000 tons.
[Tesla 4680 battery roaring full autopilot ready] Tesla held an annual earnings call on the 26th local time, at which Musk revealed the latest trend of the company's 4680 battery and autopilot. The Model Y produced by Tesla's Texas superfactory will carry 4680 batteries, and delivery will begin at the end of the quarter-a more accurate and earlier time than previously expected. Musk had previously said that the first 4680 vehicles would be shipped this year.
[LG New Energy officially listed last year domestic power battery installed 6.25GWh] on January 27, LG New Energy listed on the Korean Stock Exchange at an issue price of 30 trillion won (about 1600 yuan) per share.
[the market share of autonomous passenger cars rose strongly and reached a decade high of 44.4% in 2021] in 2021, China's automobile production and sales completed 26.082 million and 26.275 million respectively, an increase of 3.4% and 3.8% respectively over the same period last year, successfully ending the downward trend of "three consecutive declines". Among them, a total of 9.543 million self-branded passenger cars were sold in 2021, an increase of 23.1% over the same period last year, accounting for 44.4% of the total passenger car sales, a record high in nearly a decade and an increase of 6 percentage points over 2020.
[Samsung Q4 net profit rose 64% year-on-year and chip demand is expected to remain strong this year.] Samsung's fourth-quarter revenue was 76.57 trillion won (404.29 billion yuan), up 24.39% from a year earlier and a record high; net profit was 10.64 trillion won (56 billion yuan). Year-on-year growth of 64%, slightly below Wall Street analysts' average forecast of 11.1 trillion won. Operating profit for the quarter was 13.9 trillion won (73.16 billion yuan), up 53.3 percent from a year earlier and the highest since 2017.
Affected by the drop in TV panel prices! LG Display fourth-quarter profit fell 30 per cent year-on-year] South Korean LCD panel maker LG Display reported fourth-quarter results on Wednesday, when its operating profit fell 30 per cent year-on-year due to a sharp drop in TV panel prices. The Apple supplier's fourth-quarter operating profit was 476 billion won ($397.64 million), down from 678 billion won ($5.6593) in the same period last year. It is also much lower than the average market expectation of 588 billion won.
What is the trend of the upstream "rising sound" of photovoltaic before the Spring Festival? Industry forecast: maintain high shock in the first quarter] after 601012.SH raised the price of silicon wafer for 10 days, the price of 002129.SZ silicon wafer also rose across the board. Industry analysts said that the operating rate of downstream battery chips has increased since the beginning of this month and began to take the initiative to hoard goods for the Spring Festival in the second half of the month, thus exacerbating the shortage of silicon wafers. In terms of supply and demand, silicon wafers maintained high volatility in the first quarter.
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