SMM Morning Review
SMM Steel Morning meeting minutes: yesterday even the narrow concussion of the railway, the port spot market early quotation than last Friday increased by about 30 yuan / ton. Steel mills continue rigid demand procurement, traders yesterday to improve the enthusiasm of shipments. For some mainstream varieties, the quotation is still gradually raised during the day, and the bargaining space is relatively small. Yesterday, PB powder in Shandong area traded 1080 yuan / ton, up 30-35 yuan / ton compared with last Friday; Tangshan area PB powder traded 1085 yuan / ton; Tianjin area PB powder traded 1090-1095 yuan / ton. At present, the profits of steel mills still maintain a high level, and the support for mineral prices is still there. However, according to SMM statistics, blast furnace overhaul this week affected hot metal production continued to expand month-on-month, in the context of production reduction, hot metal production is still suppressed, thus affecting the overall demand for iron ore. Moreover, under the premise that the port and treasury continues to accumulate and the demand is difficult to rebound, although there is room for a rebound in mineral prices in the short term, the upward space is relatively limited.
"the production restriction storm has resumed and the spot turnover of steel has greatly improved.
The market closed overnight.
Trading on the London Stock Exchange resumed today (August 31) after it was closed for a summer bank holiday yesterday (August 30). In the domestic metal market, international copper rose 1.2%, Shanghai copper rose 0.62%, Shanghai aluminum rose 0.99%, Shanghai lead fell 1.15%, Shanghai zinc rose 0.11%, Shanghai nickel rose 3.03%, and Shanghai tin rose 1.83%. Shanghai tin set another record high, and Shanghai aluminum intraday innovation was affected by the video held by the China Nonferrous Metals Industry Association to prevent malicious speculation and irrational news of aluminum prices, but still closed up 0.99%, Shanghai nickel refreshed a half-year high, Shanghai zinc, Shanghai lead trend is weak, especially Shanghai lead remained in the downward channel since July 26, closed down for the second day in a row.
Among them, in terms of nickel, recently, the mood of picking up goods downstream of low prices has improved, but the performance of spot rising water of nickel beans is weak, but if you continue to go to the warehouse, nickel beans will rise water or stand back to more than 1,000 yuan. In terms of terminals, at present, the problem of lack of cores in automobile enterprises is serious, and the follow-up output of automobile discharge is expected to be more pessimistic, and it is doubtful whether new energy demand can effectively drive the rise in nickel prices. To sum up, there is a great pressure for the subsequent nickel price to break through the new high, and it is necessary to be cautious about the rapid pullback of the nickel price under the macro-stability. under the macro-stability, the nickel price is expected to be mainly volatile. The price of nickel in Shanghai is 14000000000000000 yuan / ton, and the price of Lunli nickel is 18800000000 US dollars / ton.
After hitting a two-week low of 92.595, the dollar strengthened slightly and fell slightly to 92.69. Earlier data showed that pending sales of existing homes fell for the second month in a row in July, and data released by the Dallas Fed showed that manufacturing activity slowed in August from the previous month, followed by a brief rally in the dollar.
U. S. stocks closed mixed on Monday. The Dow closed down slightly, and a general rise in technology stocks pushed the Nasdaq up 0.9%. Markets are still digesting the Fed chairman's remarks on Friday that he was in no hurry to raise interest rates. Investors are keeping a close eye on a number of economic data such as the August non-farm payrolls report to be released this week. The Dow fell 55.96 points, or 0.16%, to 35399.84; the Nasdaq rose 136.39 points, or 0.90%, to 15265.89; and the S & P 500 rose 19.42 points, or 0.43%, to 4528.79.
International crude oil futures rose on Monday as US Gulf Coast platforms, refineries and pipelines were grappling with uncertainty about the timetable for resuming work after Hurricane Ida wreaked havoc. The increase is limited because the OPEC, made up of the Organization of Petroleum Exporting countries ((OPEC)) and its allies, looks set to increase oil production as planned.
In terms of precious metals, international COMEX gold futures fell slightly on Monday, the dollar rebounded from lows, and investors were cautious ahead of a key U. S. jobs report later this week. Gold prices rose early Monday after Federal Reserve Chairman Colin Powell spoke at the annual economic conference in Jackson Hole on Friday. Mr Powell said the Fed was likely to scale back its bond-buying program this year, but did not give an exact timetable for starting to do so, pushing gold prices higher. However, gold prices then fell as the dollar, which fell to a nearly two-week low after Powell's speech, began to recover.
"[overnight market] Metal gains Shanghai Nickel set a half-year high | the Dow closed slightly lower and the Nasdaq closed up 0.9%.
Today we focus on the official manufacturing PMI of China in August, the unemployment rate after quarterly adjustment in Germany in August, the initial annual rate of unseasonally adjusted CPI in euro zone in August, the monthly rate of FHFA house price index in June in the United States, PMI in Chicago in August, and the Conference Board Consumer confidence Index in August in the United States.
"[macro outlook] Today focuses on China's official manufacturing PMI in August and the euro zone's unseasonally adjusted CPI annual rate in August.
Macro focus
Xi Jinping presided over the 21st meeting of the Central Committee for comprehensively deepening Reform and stressed the need to improve the strategic reserve market regulation mechanism and enhance commodity reserves and adjustment capacity. The 21st meeting of the Central Committee for comprehensively deepening Reform stressed that China is a big country and must have national reserve strength and emergency response capacity commensurate with its status as a great power.
The meeting of the Central Deep Reform Commission: strengthening anti-monopoly and further promoting the implementation of the fair competition policy are the inherent requirements of improving the socialist market economic system; the meeting stressed that national reserves are an important material basis for national governance, strengthen strategic guarantee, macro-control and response to urgent functions, and enhance the ability to prevent and resist major risks. As a big country, China must have the national reserve strength and emergency response capacity consistent with the status of a great power. It is necessary to comprehensively solve the problems of "what to store,"who will store it," and "how to store it," and speed up to make up for the shortcomings of key categories of materials; the meeting stressed that in recent years, our measures to promote pollution prevention and control have been substantial, powerful, and effective unprecedented. It is necessary to maintain the intensity, extend the depth, broaden the breadth, pay close attention to the key areas and key links of pollution prevention and control, and concentrate our efforts on tackling the outstanding eco-environmental problems around the common people. We will not be lenient to acts that destroy the ecological environment, and severely punish illegal and criminal acts of the ecological environment. We should pay attention to taking measures in accordance with local conditions, adopting policies according to different categories, reflecting differences, and not adopting an one-size-fits-all approach.
The Ministry of Finance: issued a "notice on the convergence of preferential policies after the implementation of the Deed tax Law", the husband and wife changed the ownership of land and housing due to divorce; urban workers purchased public housing for the first time according to regulations; the purchased public housing shall be exempted from deed tax after paying the land transfer price to become fully owned housing. Experts say the rise in deed tax on house purchases is a rumor, and the preferential deed tax rate for eligible individuals to buy houses remains unchanged.
[former Fed official Lacker warns: Powell is in a "dilemma" on inflation] former Richmond Fed President Jeffrey Lacker said Fed Chairman Jerome Powell was at risk of runaway inflation, and although he was confident that the Fed could control inflation, he did not say that traumatic surgery was needed to do so. "I think the Fed is in a dilemma," Lacker said. "the danger posed to them by soaring inflation-our six-month inflation rate is higher than at any time since 1983-is that it continues."
Today's focus
[China Nonferrous Metals Industry Association: guard against malicious speculation and irrational sharp rise in aluminum prices] the participating enterprises agreed that maintaining a reasonable range of aluminum prices is conducive to the stability of the industry and the coordinated development of the whole industry chain. conducive to the health and stability of the national economy. We will take the initiative to take the lead in maintaining the price order of the commodity market and creating a good ecology of the industry. "View details
[daily Review of recycled Copper on August 30: the price gap between refined waste and recycled copper rods significantly expanded compared with the previous month] Copper prices rebounded sharply on August 30, boosting holders' willingness to ship goods, but the supply and demand of goods in the market is still tight and continues to be in the seller's market. It is still difficult for downstream processing manufacturers to purchase, and there is a lack of suitable cheap sources of goods. With the sharp rise in copper prices, the price gap of fine waste has obviously expanded, and the performance of orders for recycled copper rods is general, mainly purchased by traders, which has improved compared with last week. "View details
[2021/8/30-SMM Yangshan Copper Premium KuaiBao] the warehouse receipt quotation on August 30th is US $88-112USD / ton, the average price is US $2.50 / ton lower than the previous trading day, QP9 month; the bill of lading quotation is US $82-100USD / ton, the average price is US $2.00 / ton lower than the previous trading day, QP October, the quotation refers to the supply of goods arriving in September. LME 0-3 litres of water is 13.75 US dollars per ton. "View details
[SMM Alumina Daily Review: Guangxi production restriction news stimulates market sentiment spot prices in many places in China have recorded a rise] according to SMM, today's spot transaction prices in Shanxi and Henan reached a maximum of 2900 yuan, and this round of prices in the northern region rose rapidly, which played an obvious role in the cost side. The Guangxi region heard that the highest transaction price could reach 2750 yuan today, mainly because the General Office of Industry and Information Technology of Guangxi Zhuang Autonomous region recently held a work meeting on strengthening double control of energy consumption, and the market's concern about alumina production restrictions was highlighted. Today, we have not actually heard the news that the production of the Guangxi alumina plant has been limited at the meeting. This week, we need to continue to pay attention to the operation of the supply side in the southwest region. "View details
On August 30, the Guangxi Industry and Information Bureau issued a notice on convening a deployment meeting to strengthen the double control of energy consumption. It was subsequently rumored in the market that both electrolytic aluminum and alumina production in the province needed to be reduced. Superimposed today's SMM statistics, the domestic electrolytic aluminum social inventory only slightly increased by 1000 tons to 753000 tons compared with the previous week. The main 2110 contract of Shanghai Aluminum once reached 21530 yuan / ton, which was high before breaking. It closed at 21390 yuan / ton before noon, up 2.39%. "View details
[ADC12 Price Daily Review: aluminum prices rose sharply before breaking again] Aluminum prices soared again today, stimulated by the news of production restrictions in Guangxi, and continued to create new historical highs. SMM A00 aluminum prices rose 400 yuan / ton to 21030 yuan / ton compared with last Friday, and recycled aluminum prices generally continued to raise prices sharply. Domestic prices, domestic large recycled aluminum enterprises quoted a rise of 400 yuan / ton, including the monthly freight price of about 20450-20750 / ton; small and medium-sized plants, the quotation increased by 300,000 yuan / ton to 20200-20400 yuan / ton, breaking through the 20, 000 / ton mark. "View details
[daily Review of Nickel Pig Iron Trading: mainstream transactions drive Nickel Iron prices back to high levels] on August 30th, the average price of SMM high nickel pig iron was 1417.5 yuan per ton (including factory tax), up 12.50 yuan per nickel point from the previous trading day. The price of nickel ore is all the way high, supported by the raw material end, and the price of high nickel pig iron is high and difficult to fall, superimposing the current stock node for steel mills and the spot inventory in the market. "View details
[SMM Review: can Shanghai Nickel rise by more than 4% break through the previous high? ] in terms of fundamentals, the mood of picking up goods downstream of low prices has improved this week, but the spot rising performance of nickel beans is weak, but if we continue to go to the warehouse, nickel beans will rise water or stand back to more than 1,000 yuan. In terms of terminals, at present, the problem of lack of cores in automobile enterprises is serious, and the follow-up output of automobile discharge is expected to be more pessimistic, and it is doubtful whether the demand for new energy can effectively drive the rise in nickel prices. To sum up, there is a great pressure for the subsequent nickel price to break through the new high, and it is necessary to be cautious about the rapid pullback of the nickel price under the macro-stability. under the macro-stability, the nickel price is expected to be mainly volatile. The price of nickel in Shanghai is 14000000000000000 yuan / ton, and the price of Lunli nickel is 18800000000 US dollars / ton. "View details
[SMM Electrolytic Manganese Daily Review: manganese prices are expected to continue to rise at the beginning of the week] under the electricity load adjustment policy in Guangxi on Monday, the production of local electrolytic manganese manufacturers did not adjust significantly within a short period of time, while continuing the rising trend of manganese prices last week, the mainstream spot factory of manganese triangle is around 30500-30900 yuan / ton. in addition, last week, the main theme of monthly purchasing and pricing of mainstream steel enterprises such as Baosteel and Xiangtan were all above 30, 000 yuan. In addition, there is not much for manufacturers to resume production in early September, so SMM expects that there is still room for short-term manganese prices to rise. "View details
[Foshan stainless Steel Daily Review: where is the direction of the price for production restrictions in August?] Today, due to the good macroeconomic situation, the main contract of SS rose slightly with nickel futures, and market sentiment picked up to a certain extent. Due to the change of months, steel prices in all departments in South China are flat. According to a survey by SMM, some traders said that the off-season in August this year could be called one of the worst August in recent years, and various factors led to poor consumption. In September, under the macro environment of production reduction and production limit, some steel mills took the initiative to reduce production due to excessive production in the first half of the year. "View details
SMM analysis: how does Guangxi strengthen energy consumption and double-control stainless steel influence? On the morning of August 30, 2021, a meeting on strengthening the double control of energy consumption was held in Guangxi. Capacity load reduction was carried out in steel, ferroalloy, electrolytic aluminum, alumina, cement and other industries. Among them, the principle of capacity reduction in the iron and steel industry is: "the output in September shall not exceed 70% of the average monthly output in the first half of 2021"; Load reduction principle: "electricity load in September shall not exceed 70% of the average monthly electricity load in the first half of 2021." check the details.
[SMM Coke Market News: there is no substantial shortage of coal.] some scholars said that from the current supply capacity of our country, there is certainly no substantial shortage of coal. "the coal mine production capacity is highly adjustable. Although there are requirements in all aspects of safety, for example, the operating rate cannot exceed the quota production, in fact, the coal mine quota is indeed flexible. In terms of continuous production capacity or the use, arrangement and new mining ratio of the working face, the same mine has at least 10%, 20% flexibility." "View details
[SMM bismuth market follow-up report: Yuguang Group's public tender for 300T refined bismuth failed to sell] according to unofficial information learned from the market by SMM, Yuguang conducted a market-wide public tender for the group's 300t refined bismuth on the evening of August 27th. although the final tender was not announced to the public, the result did not seem to be satisfactory, and there was no transaction under the condition that it was allowed to take it all at once. In this regard, SMM also learned from Yuguang that the reason why there was no deal in this tender was that only two enterprises participated in the bid, so it did not have the conditions to open the bid, so it cancelled the bid. "View details
[SMM molybdenum spot KuaiBao | the domestic molybdenum market remains stable and consolidation market may rise in the short term] SMM believes that the domestic molybdenum market may continue to rise in the short term, on the one hand, it is due to entering the September market, the molybdenum city has ushered in the traditional peak season, the steel move in August has exceeded 10,000, and September is expected to usher in a new peak. Under the stimulation of demand, the price is expected to hit a new high again. On the other hand, the price of molybdenum in Asia continues to rise. Recently, there are more than 19 US dollars / lb molybdenum prices in the Asian market, which has widened the gap with domestic prices, which will inevitably lead to a continuous reduction in domestic import supply and promote the rise of domestic prices. "View details
[SMM Coke spot Daily Review: the seventh round of coke spot review: the risk of a comprehensive callback may occur] the contradiction between coke supply and demand continues to weaken, but the production cost pressure of coke enterprises is still there, and the current profit is still on the low side; although coking coal prices are still rising rapidly, the contradiction between supply and demand is also improving. Therefore, there may be the risk of a correction in the coke market in the near future. After the seventh round of rise and landing, the mainstream quotations of coke in Shandong area are: quasi-first-class metallurgical coke-dry quenching 3800-3830 yuan / ton; quasi-first-class metallurgical coke 3420-3480 yuan / ton. "check the details.
[Jinkouhe District Silicon Plant in Leshan City takes turns to stop production] according to SMM, the central environmental protection inspection team moved to Sichuan, and three chemical grade silicon factories in Leshan Jinhekou District took turns to stop production for two days from the 28th of this month because the air index in Jinhekou District of Leshan was not up to standard. The three silicon plants involved have a total annual capacity of 172000 tons, accounting for 27.1% of all chemical-grade silicon plants in Sichuan. "View details
[inner Mongolia Electric Power Group released a report on the orderly power consumption decomposition index of Electroweb in Inner Mongolia in August 2021] according to the requirements of the Energy Bureau of the Autonomous region on adjusting the decomposition ratio of orderly voltage limit load of Electroweb, the company carried out in-depth research on the power load of high-load industries in various alliances and cities in Electroweb region, and re-forecasted the power balance situation from August to December in combination with the double control of energy consumption from January to July. "View details
[Guangxi strengthens double control of energy consumption, crude steel output in September is 987000 tons lower than the average output from January to June] recently, the Industry and Information Department of Guangxi Zhuang Autonomous region plans to hold a deployment meeting on strengthening double control of energy consumption. The main contents of the meeting are as follows: focus on watching the teleconference on the blind development of the "two high" projects and double control of energy consumption in the whole region; and uniformly deploy the industrial information system in the second half of the year to strengthen the work of double control of energy consumption. It is understood that the specific requirements of local steel mills in September are …. "View details
[SMM high-carbon ferrochromium analysis: Guangxi energy consumption double control policy to strengthen September ferrochromium production or return to zero] Guangxi energy consumption double control policy to strengthen September ferrochromium production or return to zero according to SMM survey samples, the average monthly production capacity in Guangxi accounts for about 4.97% of the national high-carbon ferrochromium production capacity. The total output of 1-7 high-carbon ferrochromium in Guangxi in 2021 is about. "View details
[how is the trend of dual-control silicon and manganese in Guangxi] the total output of silicon and manganese in Guangxi accounts for about 14% of the country's total output, and it is one of the main producing areas of silicon and silicon production. Today, with the convening of the "work Conference on strengthening double Control of Energy consumption" in Guangxi, the news of production restrictions in Guangxi came out. Manganese-silicon futures rose sharply in early trading, opening 15 minutes to the limit, and the main contract was 8338 yuan / ton, an increase of 6%. In the spot market, according to SMM research, at present, manufacturers in Guangxi have little impact on energy consumption double control meetings. Since July, the power restriction and production restriction in Guangxi has been serious, and there has been a slight improvement in the second half of August, but the overall output is in a weak state. "View details
[iron ore market daily summary review on August 30] at present, the profits of steel mills still maintain a high level, and the support for ore prices is still there. However, according to SMM statistics, blast furnace overhaul this week affected hot metal production continued to expand month-on-month, in the context of production reduction, hot metal production is still suppressed, thus affecting the overall demand for iron ore. Moreover, under the premise that the port and treasury continues to accumulate and the demand is difficult to rebound, although there is room for a rebound in mineral prices in the short term, the upward space is relatively limited. "View details
Important news of metals and industry
[BHP Billiton joined hands with Minmetals to open the industry's first single copper concentrate blockchain transaction] BHP Billiton and Minmetals Nonferrous Metals Co., Ltd. began to try to use blockchain technology to complete the first copper concentrate transactions in August, this is the industry's first single copper concentrate blockchain trading pilot. The pilot aims to apply blockchain technology to a wide range of post-trading processes, including contract terms implementation, payment notices, digital file exchange, grade test results exchange and carbon emissions data sharing.
[16 people were killed when a bus carrying miners crashed into the abyss in Peru] A bus in the Peruvian Andes fell off a cliff Friday while transporting miners at the Las Bambas copper mine in MMG Ltd, killing 16 people and injuring two others.
[Shanxi Alumina Plant raised the purchase price of liquid alkali in September] according to the SMM market, Shanxi Alumina Plant raised the purchase price of liquid alkali in September, and 50% ionic membrane liquid alkali was sent to Xiaoyi District, Shanxi Province, 2390 yuan / ton (100 yuan), 200 yuan / ton (100 yuan) higher than last month.
[Baowu Aluminum Air cushion Furnace Thermal load Test Volume 1] at 11:28 on August 24th, Baowu Aluminum Air cushion Furnace Unit Thermal load Test Volume 1 was successfully offline in accordance with the requirements of the futures contract, and the surface quality and performance of the products met the requirements. The commissioning of this unit is an important symbol for Baowu Aluminum Industry to open up the automobile aluminum sheet production process and lay a solid foundation for entering the domestic aluminum alloy sheet market in the future.
Pilbara, Australia's main lithium mine, plans to significantly increase its spodumene production after the first historically high price auction. Recently, according to foreign media, Pilbara, Australia's main lithium mine producer, plans to significantly increase its spodumene production in the fiscal year from July 2021 to June 2022, spurred by fast-growing demand for lithium concentrate and higher prices.
[Hunan: promoting the extended chain of the industry of comprehensive recycling of non-ferrous metal resources and striving for an annual output value of 200 billion yuan in 2025] the General Office of the Hunan Provincial Government recently issued a number of policies and measures to support the extended chain of the industry of comprehensive recycling of non-ferrous metal resources. to ensure the strategic security of national non-ferrous metal resources and promote the cluster, high-end and green development of this industry in our province. By 2025, the annual output of the province's comprehensive recycling industry of non-ferrous metal resources will exceed 20 million tons, the annual output value will reach 200 billion yuan, the annual tax revenue will be 10 billion yuan, and there will be 3 to 5 leading enterprises in the industry with taxes of more than 500 million yuan.
[Shanghai Silicon Industry: 300mm silicon wafer production capacity has reached 250000 pieces / month downstream demand increases related party transaction quota] on the evening of August 27th, the large domestic silicon wafer manufacturer Shanghai Silicon Industry released its semi-annual report for 2021. During the reporting period, the company achieved a revenue of 1.123 billion yuan, an increase of 31.44% over the same period last year. It realized a net profit of 105 million yuan, compared with a loss of 82.5942 million yuan in the first half of 2020, and turned a loss into a profit during the reporting period. In addition, the company's net profit after deducting from its mother was-76.5263 million yuan, which was further narrowed compared with the same period last year.
[Chihong germanium industry has made a major breakthrough in the coating process and successfully opened the door to the chalcogenide lens market] recently, Chihong germanium industry has successfully completed the coating of 30 chalcogenide lenses, marking the company's whole process of chalcogenide coating technology. the breakthrough of chalcogenide coating process "from 0 to 1" has been realized. After trial assembly and testing, the imaging effect of the coated chalcogenide lenses meets the requirements of customers, which represents that the company has successfully opened the door to the market of chalcogenide lenses.
[China Gold Lingnan: remarkable achievements in the 2021 National Machinery and Metallurgical Building Materials Industry Innovation Award] recently, the China Machinery and Metallurgical Building Materials Workers' Technical Association released the innovation achievements of the workers in the national machinery and metallurgy building materials industry in 2021 and the results of the selection of the "Top 100 innovative teams". As the main incubation place for national labor models and craftsmen in large countries, the National Machinery and Metallurgical Building Materials Union covers the main units made in China. In the face of fierce cross-industry competition, in the face of cross-disciplinary national giants, with a knockout rate of nearly 50%, CICC Lingnan declared a total of 9 items and all won awards, including 7 technological innovation achievement awards for workers. won two groups named by the "Top 100 Innovation team".
[titanium dioxide is included in the national strategic resource reserve industry chain] the Ministry of Industry and Information Technology replied to the CPPCC proposal that the relevant departments are working out the "14th five-year Plan" national reserve development plan to incorporate titanium dioxide into the national strategic resource reserve, and plan to build a titanium dioxide industry standard system. A person from a listed titanium dioxide company in Shandong said: "the valuation structure of titanium dioxide enterprises has changed. Under the low-cost advantage of large chemical industry, the comprehensive utilization of the whole extraction chain will further tap the enterprise value."
[steel] the Brazilian Iron and Steel Association expects Brazil's crude steel production to reach an all-time high of 35.8 million tons this year, an increase of 14 percent over the same period last year; apparent steel consumption will reach 26.6 million tons, an increase of 24.1 percent over the same period last year, and sales in the domestic market will be 23.1 million tons, an increase of 18.5 percent over the same period last year, the highest level since 2013.
[Dadi Bear: plans to increase capital to the associated company with northern rare earths to ensure the supply of rare earth raw materials] Earth Bear announcement, the company intends to increase 36.144 million yuan in cash to the associated company Northern rare Earth (Anhui) permanent Magnet Technology Co., Ltd. ("Northern rare Earth Anhui permanent Magnet"), while Northern rare earths increase capital in the same proportion in cash. After the completion of this capital increase, the company holds a 40% stake in the northern rare earth Anhui permanent magnet, and the proportion of the company and the northern rare earth equity remains unchanged.
[Shanghai Silicon Industry: 300mm silicon wafer production capacity has reached 250000 pieces / month downstream demand increases related party transaction quota] on the evening of August 27th, the large domestic silicon wafer manufacturer Shanghai Silicon Industry released its semi-annual report for 2021. During the reporting period, the company achieved a revenue of 1.123 billion yuan, an increase of 31.44% over the same period last year. It realized a net profit of 105 million yuan, compared with a loss of 82.5942 million yuan in the first half of 2020, and turned a loss into a profit during the reporting period. In addition, the company's net profit after deducting from its mother was-76.5263 million yuan, which was further narrowed compared with the same period last year.
[Guoxin Securities: outstanding performance growth of rare earth resources in the north] both volume and price rose, quarterly profits reached a new high in the first half of 2021, and the demand for rare earths was strong. The company paid close attention to the favorable opportunity of the sharp rise in praseodymium and neodymium prices to increase production and increase efficiency. Achieved a substantial increase in performance. In the first half of the year, the company achieved an operating income of 14.72 billion yuan, an increase of 49.5% over the same period last year, and a net profit of 2.04 billion yuan, a substantial increase of 500.5% over the same period In the second quarter, the single-quarter net profit reached 1.26 billion yuan, an increase of 62.7% over the previous quarter, a record high. The performance exceeded expectations.
[Democratic Republic of the Congo reviews $6 billion in mining deals with Chinese investors] Finance Minister Nicholas Kazadi (Nicolas Kazadi) said the (DRC) government of the Democratic Republic of the Congo was reviewing its $6 billion "mineral infrastructure" deal with Chinese investors as part of a broader review of mining contracts. President Felix Tshisekedi (Felix Tshisekedi) said in May that some mining contracts might be reviewed because of concerns that they did not fully benefit Congo, the world's largest cobalt producer and Africa's leading copper miner.
The notice of Jiangxi Province on strengthening the access Management of High Energy consumption and High Emission projects (draft for soliciting opinions) said: resolutely curb the blind development of high energy consumption and high emission projects (hereinafter referred to as the "two high" projects): first, clarify the scope of the "two high" projects; second, strengthen the examination and demonstration of the "two high" projects; third, implement the equivalent reduction substitution of the "two high" projects; Fourth, strictly do a good job in the administrative examination and approval of the "two high" projects; fifth, implement the responsibility for the access management of the "two high" projects.
The latest performance report of the enterprise
[Zhangyuan Tungsten Industry semi-annual report: 37.2365 million yuan net profit turned into profit in the first half of the year] Zhangyuan tungsten industry announced that the operating income in the first half of the year was 1.255 billion yuan, an increase of 55.25 percent over the same period last year, and the net profit was 37.2365 million yuan, turning losses into profits over the same period last year.
[German Nano reported net profit increased by more than 21 times year-on-year sales of 31100 tons of lithium iron phosphate] on August 28, German Nano released its semi-annual report 2021. In the first half of the year, the price of upstream raw materials and tight supply and demand in the lithium iron phosphate market led to a rise in product prices. The company achieved revenue of 1.275 billion yuan, an increase of 257.69% over the same period last year, and a net profit of 135 million yuan, an increase of 2104.61% over the same period last year.
[688008.SH 's first-half net profit halved year-on-year and Intel added 1.5 billion related party transactions or CPU opened the market.] on Friday night, Lan Qi Technology (LQ) disclosed its results for the first half of 2021. According to the report, the company's total revenue in the first half of the year was 724 million, down 33.51% from the same period last year, and its net profit reached 308 million, nearly halving from the same period last year, a decrease of 48.82%.
[Tianqi lithium industry net profit increased by 112% compared with the same period last year, medium-term planned production capacity of lithium chemical products exceeded 110000 tons / year] thanks to the blowout of market demand, the momentum of the lithium industry chain continued to improve, and the share price of the "mineral" Tianqi lithium industry soared. From November last year to the close of August 27 this year, the share price has risen more than fivefold in 10 months, with a market capitalization of more than 190 billion yuan. The China News just disclosed also showed that the company's performance improved significantly in the first half of the year, with revenue of 2.351 billion yuan, an increase of 25.13% over the same period last year, and net profit of 85.7975 million yuan, an increase of 112.32% over the same period last year.
[Jinli permanent Magnet's first-half net profit increased by 140.81%. The leading supplier of high-performance rare earth permanent magnet materials] Jinli permanent Magnet released a semi-annual report. During the reporting period, the company achieved operating income of 1.8088349 billion yuan, an increase of 87.75% over the same period last year. The net profit belonging to shareholders of listed companies was 220.3424 million yuan, an increase of 140.81% over the same period last year. The net profit belonging to shareholders of listed companies after deducting non-recurring gains and losses was 205.0328 million yuan, an increase of 138.04% over the same period last year.
Jiangxi Copper's semi-annual report shows that the company's annual copper concentrate contains more than 200000 tons of copper. Hengbang, a subsidiary of the company, has an annual production capacity of 50 tons of gold and 1000 tons of silver, as well as 250000 tons of electrolytic copper and 1.3 million tons of sulfuric acid. The Group is now the largest copper processing manufacturer in China, with an annual processing of more than 1.4 million tons of copper products. The Group has an output of more than 1.6 million tons of cathode copper per year, and its Guixi smelter is the largest copper smelter in the world.
[Shaanxi Coal Industry semi-annual report: first-half net profit of 8.286 billion yuan, up 66.1% over the same period last year] Shaanxi Coal Industry released semi-annual report, with operating income of 72.669 billion yuan in the first half, an increase of 87.24% over the same period last year; net profit of 8.286 billion yuan, an increase of 66.1% over the same period last year; and basic earnings per share of 0.85 yuan.
The net profit of Dragon Magnetic Technology has more than tripled! Continue to expand production capacity and enrich the company's product system] long Magnetic Technology released a semi-annual report that in the first half of 2021, the company achieved operating income of 402.485 million yuan, an increase of 83.31% over the same period last year, and a net profit of 62.1603 million yuan belonging to shareholders of listed companies, an increase of 203.29% over the same period last year. Net cash flow from operating activities was 48.8042 million yuan, an increase of 54.26% over the same period last year. Basic earnings per share were 0.88 yuan per share, an increase of 137.84 percent over the same period last year.
[Yunhai Metal's revenue grew by more than 40% in the first half of the year, magnesium price rose + sales increased.] Yunhai Metal released a semi-annual report that in the first half of 2021, the company achieved operating income of 3.5982051 billion yuan, an increase of 42.70% over the same period last year. Mainly due to the increase in sales of main products and higher sales prices. The company realized a net profit of 142.2686 million yuan belonging to the parent company, an increase of 46.68% over the same period last year, mainly due to an increase in sales of main products, an increase in magnesium prices, and an increase in government subsidies compared with the same period last year.
[Bose shares] on August 25, Bose shares disclosed its half-yearly report for 2021. In the first half of 2021, Bose shares completed an output value of 664.745 million yuan, an increase of 7.85% over the same period last year, and the net profit attributed to shareholders of listed companies was 22.966 million yuan, an increase of 22.25% over the same period last year.
[Linggang semi-annual report: first-half net profit of 766 million yuan compared with the same period last year] Linggang released half-yearly net profit of 766 million yuan belonging to the owner of the parent company, an increase of 404.02% over the same period last year, and operating income of 12.606 billion yuan, an increase of 36.31% over the same period last year. basic earnings per share is 0.27 yuan.
[Ganfeng Lithium Industry: net profit of 1.415 billion yuan in the first half of the year increased 797.41% over the same period last year] Ganfeng Lithium Industry announced on the Hong Kong Stock Exchange that it earned 4.025 billion yuan in the first half of 2021, compared with 2.375 billion yuan in the same period last year.
[Societe Generale Mining semi-annual report: first-half net profit of 219 million yuan turned into profit] Societe Generale Mining released a semi-annual report that the first half net profit belonging to the owner of the parent company was 219 million yuan, compared with a net loss of 184 million yuan in the same period last year, turning losses into profits; operating income was 1.151 billion yuan, an increase of 388.09% over the same period last year; and basic earnings per share was 0.1194 yuan.
[Seiko Steel structure semi-annual report: first-half net profit of 330 million yuan up 22.51% over the same period last year] Seiko Steel structure released its semi-annual report, the first-half net profit attributed to the owner of the parent company was 330 million yuan, up 22.51% from the same period last year, and operating income was 6.436 billion yuan, up 36.55% from the same period last year. Basic earnings per share is 0.1641 yuan.
Terminal information
[Yinghe Technology won the bid for lithium power equipment order of 1.294 billion yuan] Yinghe Technology announced that the company recently received a "bid winning notice" from Baoding Great Wall Holdings Group Co., Ltd. (hereinafter referred to as "Great Wall Holdings"). The company's lithium battery production equipment won a total bid amount of 1.2937648 billion yuan (including tax), and this order alone accounted for 54.25% of the company's audited business income.
[Dragon Technology plans to raise no more than 2.2 billion main investment power and energy storage battery cathode materials project] Dragon Technology plans to issue shares in a non-public offering, raising no more than 2.2 billion yuan. After deducting the issuing expenses, it will invest in the large-scale production project of new energy vehicle power and energy storage battery cathode materials, the annual output of 600000 tons of vehicle urea project and supplementary liquidity project.
[Jinjing Technology: ignition start of Photovoltaic Light Panel production Line] Jinjing Science and Technology announcement, the company's holding subsidiary Ningxia Jinjing Technology Co., Ltd. photovoltaic lightweight panel project was ignited on August 30, and the equipment was hot-tuned. The product of this project is located in solar photovoltaic panel, which is one of the important components of solar cell.
[joint Optoelectronics: products in individual areas of cooperation with Gale shares will compete at the same time] Joint Optoelectronics said on the interactive platform, the company is a professional lens optoelectronic products and system solution provider with optical imaging, optical display and light sensing as the core technology. The company has mastered the design and development of optical lenses and optoelectronic products, ultra-precision mold technology and intelligent manufacturing technology, and has the manufacturing technology of aspheric lenses, Fresnel lenses, free-form surface lenses and other core optical devices. from optical design, mold design, precision processing, development to fully intelligent assembly and manufacturing system, the company's optoelectronic products have formed a complete industrial chain in the fields of optical imaging, light display and light perception. The company has no cooperation with Pico for the time being, but has project cooperation with Gale shares, and products in individual areas will compete at the same time.
[Sinopec: the number of newly developed hydrogenation stations is expected to reach 100 this year] on August 30, Sinopec released its interim results for 2021 in Beijing. According to reports, Sinopec regards hydrogen energy as the main direction of the company's new energy business, comprehensively promotes the construction of the whole hydrogen energy industry chain, and has made breakthroughs in many fields, such as hydrogenation stations, hydrogen production technology, hydrogen fuel cells, hydrogen storage materials, and so on. At present, the annual production capacity of hydrogen exceeds 3.9 million tons, accounting for about 11% of the national hydrogen production. 1000 hydrogenation stations will be planned and built during the 14th five-year Plan period, and it is expected that the number of newly developed hydrogenation stations will reach 100. we will strive to build China's first hydrogen energy company and lead the high-quality development of China's hydrogen energy industry.
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