[market on Friday] the metal market is down, Shanghai Copper is down 1.58%, US stocks are strong and S & P has hit new highs in a row.
Today's focus
Attention! The latest solid and repeal Law carries out a maximum fine of 5 million on September 1st, which can be punished on a daily basis, double penalties, work stoppage, production suspension, and closure! On the eve of the landing of the new solid waste law in September, SMM conducted market research and learned that due to the severe penalty provisions, coupled with the lack of news of the implementation date of recycled copper standards, the trade enthusiasm of imported scrap copper was greatly suppressed, and domestic waste enterprises fell into a wait-and-see state for the procurement of scrap copper to Hong Kong after September, waiting for customs implementation or relevant departments to issue relevant explanation plans, and the import source quotation was low. From this point of view, imported scrap copper should shrink to a large extent in the short term, and domestic scrap supply materials will change again. "View details
[SMM analysis: crude copper processing fees reduced slightly by concentrated arrival in Hong Kong] crude copper processing fees have increased significantly in the past period of time. In May, the domestic crude copper processing fees in SMM were 900yuan / ton, imported CIF was 125USD / ton, while in July SMM domestic crude copper processing fees were 1375 yuan / ton and imported CIF were 142.5 US dollars / ton. In early August, SMM learned that crude copper processing fees still had an upward trend, with domestic transactions of 1600 yuan per ton and import CIF transactions rising to about US $155.00 / ton. "View details
[SMM analysis: copper domestic and foreign trade market both weak inventory continues to rise] according to SMM research, as of last Friday, SMM national mainstream consumer copper inventory increased by 8800 tons to 298000 tons. Among them, copper stocks in Shanghai increased by 5800 tons to 199000 tons from the previous month; copper stocks in Jiangsu maintained 33700 tons; and copper inventories in Guangdong increased by 3000 tons to 65300 tons. "View details
[SMM analysis: demand support is limited. Aluminum bar processing fees fell under pressure] Last week, aluminum bar processing fees fell more or less, and Foshan and Wuxi, as the main places of consumption, fell sharply. On Friday, the center of gravity of processing fees in Foshan was in the range of 300-350 yuan / ton, with some cheap goods less than 300 yuan / ton, down about 70-90 yuan / ton from last week, while the center of gravity of processing fees in Wuxi was 260-300 yuan / ton, down 40-60 yuan / ton compared with last week. On the other hand, the processing fees in Baotou, Linyi and Henan are relatively stable and the range of price adjustment is small. "View details
[SMM aluminum downstream weekly survey: "Golden Nine Silver Ten" auto market demand can still look forward to other sections of demand growth uncertainty] Last week, aluminum downstream enterprises started a slight increase of 0.2%, a slight increase in leading enterprises caused by the primary alloy new production capacity put into operation, the overall market start remains stable. Apart from the fact that aluminum foil is still in strong demand during the peak consumer season, orders for small and medium-sized processing enterprises in profiles, cables, strips and other plates have not improved as a whole. and the lack of effective control of the overseas epidemic has led processing companies to express concern about the resumption of export orders in September. "check for details.
[SMM data: hot weather affects lead consumption lead ingots end four consecutive declines] according to SMM, as of Friday, the total inventory of SMM lead ingots in the five places reached 37000 tons, up nearly 500 tons from last week. "View details
[SMM analysis: domestic miners' willingness to ship goods will increase soon.] due to the imminent increase in tin resources tax, some domestic miners have increased their willingness to ship goods before the implementation of the new resource tax law on September 1st. "View details
[SMM analysis: Taiyuan Iron and Steel Co., Ltd. reorganized and landed! Free transfer of 51% equity to China Baowu] for China's stainless steel industry, the equity transfer will have a significant impact on the industry pattern. Taiyuan Iron and Steel (Group) Co., Ltd. (Taiyuan Iron and Steel) Co., Ltd. (Taiyuan Iron and Steel Co., Ltd.) is a very large iron and steel joint enterprise mainly producing plate. Taiyuan Iron and Steel (Group) Co., Ltd. (Taiyuan Iron and Steel Group) Co., Ltd. According to the public data of listed companies, the output of stainless steel in 2019 is 4.176 million tons, and the output of stainless steel is 3.7623 million tons. "View details
[SMM statistics: the late bullish mentality of electrolytic manganese is mostly waiting for the change of export volume in July] according to SMM statistics, the ex-factory price of spot resources from the main producing areas of electrolytic manganese has been relatively stable last week. On Friday, the ex-factory price of domestic spot resources of electrolytic manganese increased slightly, including tax, among which the negotiations on retail spot resources in the manganese triangle area were mostly concentrated on 10150 yuan / ton, and the spot price of some manganese factories in Guangxi rose 50-100 yuan / ton on Friday as a whole. In addition to maintaining the status of delivery orders in mid-August, some manufacturers have closed September orders at 10000-10100 yuan / ton, so the standing price atmosphere of spot transactions is gradually enhanced at the end of August. "View details
[minutes of SMM meeting: cobalt price's annual high before September is the turning point] fundamentals, cobalt raw material imports increased in the fourth quarter, demand picked up marginally, the fourth quarter entered the off-season, September can be regarded as a turning point from prosperity to decline, and market feedback terminal sales data is expected to be pessimistic, battery inventory continues to accumulate, generally to the fourth quarter, battery inventory accumulated to the highest point, so the price is under greater pressure from October to December. Or will be called back. Combined cobalt may be stored at the end of the year, slightly supporting the price of electrolytic cobalt, and it is expected that the price of electrolytic cobalt may fall to the range of 25.9-28. "View details
[SMM topic: the standardization of power batteries for frequent hot search of car-electric separation is coming? Whether it is "changing electricity" or "charging" or other ways, as consumers, the topic of concern can never be bypassed by economy and safety, and the continuous development of power batteries will also provide consumers with more cost-effective products. Perhaps as Zeng Yuqun, chairman of Ningde Times, said at the China Automobile Blue Book Forum, "people say that batteries are too expensive and batteries need some new business models." Various modes such as power exchange and leasing in the future are all very good explorations. Only through new innovation will it be possible to really promote the process of intelligent and electrified cars. " "View details
[SMM analysis: July sales analysis of new energy passenger vehicles: Model 3 and Hongguang Mini jointly drive new energy market demand] according to the insurance data of new energy passenger vehicles, the number of new energy passenger vehicles insured in July was 91000, up 17.3% from the previous month. Among them, the sales of pure electric vehicles were 72000, accounting for 20.5%, and the sales of plug-in hybrid vehicles were 19000, accounting for 79.5%. Among them, the month-on-month growth rate of operating users reached 59.8%. The B-end market is recovering rapidly. In July, SAIC GM Wuling sales rose to the first place, reaching 11984 vehicles, while Tesla and BYD ranked second and third. Mainly because of its Hongguang MINI listing led to the overall sales rise, in addition, Baojun series sales are also growing steadily. "View details
Important news of metals and industry
[Democratic Republic of the Congo announced exemption from export ban on copper, cobalt, tin and other minerals] recently, after a meeting between Democratic Republic of the Congo and the country's largest miners in Kinshasa, mining companies were granted indefinite exemptions from export bans on cobalt hydroxide, carbonate and tin, tungsten and tantalum concentrates. "View details
[Jiang Copper Group builds a 10,000-ton underground mine] on August 14, Wutong held a centralized contract signing ceremony for the third phase of the expansion project, signing contracts with construction units and supervision units respectively. Wutong initiative, multi-party cooperation, the third phase of Wutong into a "boutique project", "green project" and "friendship project". The third phase expansion project of Wutong is the first batch of provincial key construction projects in 2020, a major policy arrangement for Jiangxi Province to protect and support the main body of the market, and a larger investment project in Jiangxi Copper's "three-year Innovation multiplier" action plan. "View details
[Zijin Mining increased substantially operating cash flow in the first half of the year] in the first half of the year, the epidemic crisis superimposed the world economic recession. Against the background of declining performance of most industrial enterprises, Zijin Mining flexibly responded to market changes. It achieved deduction of non-net profit of about 2.42 billion yuan, an increase of 46% over the same period last year, and operating cash flow of about 6.46 billion yuan, an increase of 47% over the same period last year, showing strong resilience and vitality in dealing with complex situations. "View details
[Yunhai Metal (Liaocheng) aluminum master alloy project will be put into production next year] A few days ago, Yu Qinke, the person in charge of Shandong Yunxin Aluminum Technology Co., Ltd., introduced that the company has an annual output of 100000 tons of aluminum master alloy project construction, by mid-September, the main framework of the workshop can be completed, the company is currently purchasing relevant production equipment, the project is expected to be put into production in March next year. It is understood that the project is jointly built by Nanjing Yunhai Special Metals Co., Ltd. and Xinfa Group. The project, located in Liaocheng City's Lioping District, took the land at the end of March this year and entered the site for construction in early April. After the project is put into production, it can produce 35000 tons of aluminum-titanium-boron alloy, 15000 tons of aluminum-strontium alloy and 50, 000 tons of other aluminum master alloys.
The 12th meeting of the standing Committee of the 13th National people's Congress on August 26, 2019, adopted the Resource tax Law of the people's Republic of China, which shall enter into force on September 1, 2020, and the interim regulations of the people's Republic of China on Resource tax promulgated by the State Council on December 25, 1993 shall be repealed at the same time, which is also the first resource tax law in China. According to SMM research, the local resource tax rates in China's four major bauxite producing provinces remain unchanged, with Guangxi 8 per cent, Guizhou 8 per cent, Shanxi 9 per cent and Henan 7 per cent. "View details
[publicity on the evaluation results of extended producer responsibility of power batteries / lead batteries] in order to adapt to the new situation of the development of the industry, implement the extended producer responsibility system, and guide the sustained and healthy development of the industry, the technological Innovation Strategic Alliance of Beijing compulsory Resource recovery and Environmental Protection Industry (hereinafter referred to as "Alliance") is entrusted by the National Development and Reform Commission to carry out the research on the supporting policies of the extended producer responsibility system of power batteries. In order to explore the industry self-discipline model for enterprises to perform their own responsibilities, the alliance drafted and compiled two group standards, "performance Evaluation of extended producer responsibility of Power Storage Battery" (T/ATCRR 25-2020) and "performance Evaluation of extended producer responsibility of lead Battery" (T/ATCRR 26-2020). According to the implementation Plan of extended producer responsibility system (State Office (2016) No. 99), third-party evaluation was carried out. Promote all parties in the industry chain to make producer resource and environmental responsibility throughout the whole life cycle of power battery / lead battery products. "View details
[Zhuye Group's revenue in the first half increased by 73.79% compared with the same period last year, zinc production increased by 52.67% over the same period last year] in the first half of the year, Zhuye Group achieved operating income of 7.28 billion yuan, an increase of 73.79% over the same period last year, mainly due to the increase in sales of the company in the current period; the net profit attributable to shareholders of listed companies was 94.018 million yuan, and the net assets belonging to shareholders of listed companies were 144 million yuan, up 150.91% from the same period last year During the reporting period, the output of zinc was 229000 tons, 11 technical indexes of Zhuzhou smelter's non-ferrous zinc project reached the research value, 2 indexes exceeded the feasible research level, and the production cost was controllable as a whole.
[torrential rain affects the trend of metal silicon in southwest silicon enterprises] at the beginning of the week, the torrential rain in Sichuan affected the production of some silicon plants, and there were 4 factories and 7 mine hot furnaces shut down, distributed in Leshan, Aba, Ya'an and other areas. Some silicon plants in Yingjiang, Dehong, Yunnan, were also forced to suspend production due to flooding, affecting time ranging from several hours to three days. at present, most of them resumed production, and one resumed production a little later due to damage to the power supply line. The reduction and shutdown caused by the flood has no obvious impact on national production, but the prolonged transportation time has affected some domestic downstream use, especially for silicone plants, Sichuan is the most concentrated source of raw materials, which is the main reason for the rise in chemical-grade silicon prices this week. "View details
(there are only 15 mining companies operating the remaining 88 IUP licensed enterprises in Indonesia's North Maluku Province.) recently, according to Indonesian local media reports, the potential of mineral resources in North Maluku Province is still relatively good, especially nickel and gold deposits. The provincial government of North Maluku has issued mining business licenses (IUP), to 103 companies but so far only 15 companies are operating and the remaining 88 IUP holders have not yet done so. Hasyim Daeng Barang, head of the North Maluku Mining and ESDM office, said five of the 15 mining companies operating were (PMA), a foreign investment company. IUP holders are usually valid for 15-25 years, but 88 IUP holders who have not been in operation for less than 15 years are actually still valid.
[Element 25: will purchase factory equipment to vigorously promote the development of Butcherbird manganese project] recently, Element 25 said that it will purchase long-term factory equipment for its Butcherbird manganese project in Pilbara. According to the Butcherbird pre-Feasibility study released by Element 25 three months ago, the company predicted at the time that the planned production of manganese concentrate for export would require capital expenditure of only US $14.5 million, plus working capital of US $9.3 million. "View details
[SQM lithium sales in the second quarter exceeded 12600 tons month-on-month increase of 50%] recently, SQM released its results for the first half of 2020. During the reporting period, SQM's first-half net income was $95.8 million, down 36.4% from the same period last year; second-quarter net income was $50.8 million, down 27.6% from the same period last year, an increase of 12.9%. In terms of lithium, although the downward trend in lithium prices continued in the second quarter, lithium sales exceeded 12600 tons in the second quarter of 2020, up 50 per cent from the previous quarter.
[camel's revenue fell 6.1% in the first half of the year compared with the same period last year and actively cut into the lithium battery low-voltage application market] during the reporting period, the company achieved operating income of 4.0664133 billion yuan, down 6.1% from the same period last year. It is affected by factors such as the decline in the average price of lead, the adjustment of the company's product sales strategy and the decline in sales of recycled lead in the first half of the year. "View details
Macro focus
Ministry of Commerce: at present, China's consumer market continues to recover steadily, but the global COVID-19 epidemic continues to spread, the macroeconomic situation is complex and grim, and household consumption still faces certain constraints. In the next step, with the further effectiveness of policy measures such as helping enterprises to stabilize jobs, relieving hardships and reducing burdens, and stabilizing consumption, China's consumption potential will continue to be released, consumption upgrading will continue, and the consumer market is expected to continue to pick up steadily.
[Liu Shangxi: the voucher structure of treasury bonds can be adjusted] Liu Shangxi, director of the Chinese Academy of Financial Sciences, said that China has almost never used treasury bonds in its monetary investment. As a result, the benchmark treasury bond yield curve priced in the capital market is difficult to form and has not been effectively applied, which leads to the problem of a Poseidon needle in the capital market. In terms of the central bank's balance sheet, there may also be 4 per cent of treasury bonds in assets, mainly from assets formed by special treasury bonds issued at the time of the increase in investment in 2008. Liu Shangxi pointed out that the voucher structure of treasury bonds can be adjusted, and there is room for tools that can better facilitate the operation of the central bank.
[Zhang Wenhong: vaccine birth and continuous optimization are inevitable but inseparable from scientific disease control] Zhang Wenhong, head of the Shanghai COVID-19 treatment expert group and director of the infection department of Huashan Hospital affiliated to Fudan University, expressed his views on World Health Organization (WHO) 's views on vaccine on his Weibo. He believes that a very good vaccine may not be achieved overnight, but the birth and continuous optimization of novel coronavirus vaccine is inevitable. However, the control of infectious diseases must be a good vaccine and scientific control of the disease, otherwise the spread of the virus can not be completely controlled.
[254300 new confirmed cases of novel coronavirus in the world in a single day. 44600 new cases in the United States] according to epidemic statistics from Johns Hopkins University in the United States, on 22 August, there were 254300 new confirmed cases of COVID-19 in the world, of which 44600 were confirmed by COVID-19 in the United States. As of around 15:00 on August 23rd, there were a total of 23.206 million confirmed cases and 804000 deaths worldwide.
Terminal information
[Xi Jinping: cities in the Yangtze River Delta cannot be demolished and built on a large scale to ensure the stable and healthy development of the real estate market.] Xi Jinping stressed at the forum on promoting the integrated development of the Yangtze River Delta to improve the quality of urban development in the Yangtze River Delta. The development and construction of cities in the Yangtze River Delta region is early, there are many old urban areas, and the task of transformation is very heavy. This matter involves the vital interests of the masses and the long-term development of the city. At the same time, we should not all be demolished and built on a large scale, and we should pay attention to protecting history, culture and urban features, and avoid "one side of a thousand cities and ten thousand buildings." It is necessary to resolutely prevent speculation in real estate by taking advantage of the opportunity, unswervingly adhere to the positioning that houses are used for living, not for speculation, and implement a long-term mechanism to ensure the stable and healthy development of the real estate market.
[ace Tesla domestic Model Y will go offline early next year] Model Y is getting closer and closer to China. A few days ago, according to Tesla executives, Tesla will launch the localization of the Model Y model early next year, when the "made in China" Model Y will be taken off the line from the Shanghai super factory. "View details
[22.3 million domestic mobile phones shipped in July] recently, China Institute of Information and Communication released an analysis report on the domestic mobile phone market in July 2020. The total shipments of the domestic mobile phone market were 22.301 million units, down 34.8% from the same period last year. From January to July, the total shipments of the domestic mobile phone market totaled 175 million units, down 20.4% from the same period last year. Among them, 13.911 million 5G mobile phones were shipped in the domestic market in July, accounting for 62.4% of mobile phone shipments in the same period. From January to July, a total of 77.508 million mobile phones were shipped, accounting for 44.2% of the total shipments.
[the number of motor vehicles in China has reached 360 million] according to the statistics of the Ministry of Public Security, as of June this year, the number of motor vehicles in China reached 360 million, including more than 270 million vehicles and 4.17 million new energy vehicles, an increase of 360000 compared with the end of last year, an increase of 9.45 percent. The annual output value of maintenance and replacement parts is nearly trillion, which also provides a vast blue ocean market for the auto parts remanufacturing industry.
Click to understand and sign up for the 2020 China Automotive New Materials Application Summit Forum.
Scan the QR code above to view the business cards of the participating companies and sign up online
