"the annual meeting of the SMM metal industry in 2021 will be held soon | under the dual-carbon goal, the interpretation of metal fundamentals and price research and judgment policies in 2022 will be brainstormed!
"[online voting] what kind of metal price trend do you like most in 2022?
Minutes of SMM Xi Morning meeting: last week, the overall performance of 2112 contracts is relatively lacklustre, except for the return of hot funds in the market on Friday, the rest of the overall performance is lacklustre. As the delivery date of the 11 / 11 contract approaches, the current large monthly difference is still maintained, and part of the market's attention has focused on how the trend before the delivery of the 11 contract and the huge monthly difference will return to the previous average.
There is a greater probability that stocks will pick up and the water level will be stronger in recent months [minutes of SMM Xi Morning meeting]
"Click to view the price of SMM tin products
SMM Cobalt Lithium Morning meeting minutes: cobalt, cobalt prices short-term high weak stability in the fourth quarter, the fundamentals of smelting enterprises increased inventory pressure. Domestic battery material demand side accounts for a greater proportion of the impact, at present, power, digital, small power and so on are not as expected, the overall demand side of the price pull up is very weak, only rely on the high support of mine cost.
Cobalt price upward overseas alloy demand resumes lithium price micro-rise iron lithium factory inquiry order increases [SMM cobalt lithium morning meeting summary]
"Click to view the price of SMM cobalt lithium products
Macro: on Friday, the House of Representatives approved the largest infrastructure package in decades, releasing $550 billion in new spending on roads, bridges, public transportation and other projects in the coming years. However, Democrats were unable to vote on a $1.75 trillion tax and spending plan in the House of Representatives at the same time. The plan is a large part of Biden's domestic agenda. The dollar jumped to an one-year high on Friday after data showed stronger-than-expected job growth in October, but fell slightly in late trading as risk appetite improved and stocks rose.
For international crude oil, crude oil futures rebounded and closed higher on Friday after falling the previous day and hitting the lowest close since October, but the weekly line still recorded a second straight week of decline. The Biden administration accused Russia and the OPEC of pushing up U. S. gasoline prices and called on the alliance to increase production.
China's trade surplus in October was 84.54 billion US dollars, up 47.5 percent from a year earlier and a record high, according to data released by the Customs on Sunday. Market participants said that the growth rate of exports in October was slightly lower than that of the previous month, but remained high, exceeding market expectations, although the growth rate of imports rebounded slightly in October, but the monthly trade surplus still reached the highest level on record.
Today, the macro aspect focuses on the scale of social financing in China in October, the annual rate of M2 money supply in China in October, and the Euro area Sentix investor confidence index in November.
In terms of the metal market:
Most of the metals market rose, with Lomalco rising slightly on Friday, but at one point it fell to its lowest level in more than three months, as increased Chinese coal production allayed concerns about disruptions in aluminium supply and closed up 0.02 per cent. In addition, Russia is expected to abolish tariffs on aluminium exports and increase global supply, triggering a sell-off and driving down prices on the spot markets in Europe and the United States.
"Click to view the price of SMM aluminum products
Both Lun Zinc and Shanghai Zinc have recorded declines one after another, and Lun Zinc has recorded a decline for five consecutive trading days, a correction of 16.9% from its previous high point of sharp rise. Black was pulled up on Friday night after successive declines, with a relatively strong rise, with coke 4.45%, coking coal up 3.21%, thread up 4.38% and hot coil up 3.03%.
"Click to view the price of SMM nickel products
"[overnight quotation] most of the metal market rose, black series rebounded, coke sheet 4.45%.
"Click to view the price of SMM lead products
"Click to view the price of SMM steel products
"Click to view the price of SMM copper products.
"Click to view the price of SMM lead products
"Click to view the price of SMM zinc products
Us stocks closed higher on Friday, with all three major indexes up more than 1.4 per cent this week. The S & P 500 rose for the seventh day in a row, while the Nasdaq rose for the 10th day in a row. Market sentiment was boosted by Pfizer novel coronavirus's progress and better-than-expected US non-farm payrolls data for October. The Dow was up 203.72 points, or 0.56%, at 36327.95; the Nasdaq was up 31.28 points, or 0.20%, at 15971.59; and the S & P 500 was up 17.47, or 0.37%, at 4697.53. By Friday's close, the S & P 500 had risen for the seventh day in a row, and the Nasdaq had risen for the 10th day in a row.
"[macro outlook] on Monday, focus on the scale of social financing in China in October and the Euro area Sentix investor confidence index in November.
[SMM analysis: central banks in Europe and the United States continue to speak dove to drive the upward copper price of the dollar index may continue to be under pressure] the Federal Reserve held an interest rate meeting this week and announced a decision on FOMC in November, which will start to reduce debt in November and reduce bond purchases by $15 billion a month. At the same time, it said that the policy interest rate will remain unchanged at 0% Rue 0.25%, which is basically in line with market expectations. Taper, which has affected the market for nearly a quarter through expected management, has finally landed. After the landing of Taper, the capital market did not continue to fluctuate very violently, but also benefited from the Fed's continuous expectation management from the early stage. "View details
[SMM analysis: the deadlock of power limitation of copper downstream processing materials has been broken? In the past October, due to the intensification of the contradiction between supply and demand of national power coal, many provinces across the country were affected by power cuts, and the production of copper processing enterprises in Zhejiang, Jiangsu, Anhui, Shandong and other places were affected to varying degrees. According to our survey, the province most affected in October was Zhejiang Province (copper output accounted for about 13% of the country's total output), and the overall output in the first ten days of October was affected by about 15%. In late October, many areas in Zhejiang began to implement the system of tax restriction on per mu yield. Taking Jiaxing, Wenzhou and other cities as an example, the government set "average tax per mu", "industrial added value per unit energy consumption", "industrial added value per ton of COD" and other indicators to classify A, B, C and D enterprises. The specific power cuts are as follows: "check details."
SMM analysis: global electrolytic copper inventory is falling, when will it rebound? The Beginning of Winter is coming, and the global inventory of electrolytic copper is still in the cold winter stage. according to our SMM survey, as of November 5, the global inventory of electrolytic copper (including bonded areas) is only 440600 tons lower than last Friday, a decline of 34100 tons for 19 consecutive weeks. In the same period last year, it was 768000 tons, a sharp drop of 327400 tons compared with the same period last year, a drop of 42.6 percent, the lowest level in nearly seven years. "check the details below."
[SMM industry dynamic tracking: the center of gravity of copper prices has fallen somewhat. How is the performance of consumption downstream this week? With the weakening of power cuts in various regions and the decline of the center of gravity of copper prices during the week, what is the performance of downstream consumption? This week, SMM surveyed the orders of some copper processing enterprises. The specific industries are as follows: "check the details."
[SMM copper downstream weekly survey: limited to the movie boom week-on-month increase in downstream consumption is still not exuberant] this week SMM conducted a survey of the production and sales of major copper rod enterprises in China. Overall, the operating rate was about 67.3%, a big increase of 10.08 percentage points over last week. The operating rate of refined copper rods has rebounded sharply this week, judging from the survey results. "View details [reprint needs to retain provenance-SMM] the operating rate of the film is much higher than that of the previous month, and the downstream consumption is still not exuberant [SMM Copper downstream Weekly Survey] https://hq.smm.cn/copper/content/101657043
SMM analysis: why can aluminum rod processing fees rise to a three-year high when demand is not strong? The trend of processing fees in the aluminum bar market has been weak all the way to September since the peak season in May. the market processing fees began to rebound on September 13 and peaked on September 28. However, after more than half a month of concussion, aluminum bar processing fees rebounded again and fluctuated all the way to break a three-year high, but the operating rate of downstream aluminum profile enterprises is not higher than that of the same period last year, according to SMM statistics, the latest monthly start-up data of aluminum profile enterprises has even dropped 11% compared with the same period last year, why can processing fees rise to such a level? "View details
[scrap aluminum and recycled aluminum weekly review: aluminum prices fell more than 1500 yuan / ton in the week, demand weak recycled aluminum prices quickly followed down] A00 aluminum fell sharply again this week, as of Friday, aluminum prices fell 1550 yuan / ton weekly, scrap aluminum prices fell sharply. For cooked aluminum. "View details
[SMM survey chaos relief limited primary aluminum alloy operating rate fell again in October] according to SMM research statistics, the operating rate of the primary aluminum alloy industry in October was 43.97%, down 25.97% from the same period last year, 1.6% lower than the previous month. "check the details.
[SMM survey: power outage and atmospheric control restrict lead ingots in five places to drop by more than 10,000 tons] SMM11 5: according to SMM research, as of November 5, the total inventory of lead ingots in the five places reached 170000 tons, down 10600 tons from last Friday, and 7800 tons from Monday. "View details
[SMM survey: primary former smelter weekly operating rate] according to the SMM (SMM) survey, the weekly operating rate of SMM primary lead smelter in three provinces this week (October 23rd to October 29th) was 48.87%. This week, the operating rate of primary lead smelter dropped 1.92% month-on-month. "View details
[SMM research: lead battery market consumption increases weekly operating rate for two weeks] SMM: according to SMM research, this week (October 30-November 5) the weekly comprehensive operating rate of lead battery enterprises in the five provinces of SMM was 76.89%, up 2.23% from last week. "View details
[SMM research: consumption bias towards regional transfer of primary lead delivery brand inventory decline] SMM11 5: according to SMM research, as of November 5, the factory inventory of primary lead delivery brands reached 6500 tons, down about 700 tons from last week. "View details
[SMM survey: power outage disturbance dragged down the start-up rate of recycled lead in the four places] according to the (SMM) survey of SMM, this week (October 30-November 5) the weekly operating rate of SMM recycled lead smelting enterprises in the four provinces was 48.84%, down 3.12% from last week. "check the details.
[October zinc oxide PMI analysis] the PMI index of zinc oxide industry in October was 49.59, up 1.7 percent from the previous month. This month, the impact of the nationwide epidemic and power cuts has gradually recovered, the epidemic situation in some areas has significantly improved, and previously suppressed consumption has been released. "View details
[zinc prices continue to fall and alloy demand improves] SMM on November 5th: the start-up of die-casting zinc alloy plants has increased this week, mainly due to: first, after the fall in zinc prices, terminal enterprises have a certain replenishment demand, and the purchase volume has increased. "View details
[SMM survey: domestic refined zinc production gradually returned to a higher level from November to December] SMM China's refined zinc output in October 2021 was 499300 tons, a decrease of 12600 tons from the previous month or 2.46% from the previous month, and a decrease of 12.29% over the same period last year. The cumulative output from January to October in 2021 was 5.053 million tons, an increase of 1.31% over the same period last year. Among them, the sample alloy output of domestic refining zinc smelters in October was 73700 tons, an increase of 741 tons compared with the previous month. "View details
[zinc slag procurement buyers and sellers are still stalemate consumption signs] this week, zinc prices continued to decline, but in the case of large fluctuations, some terminal enterprises break contracts and other problems, resulting in zinc oxide finished product inventory accumulation, suppressing the operating rate. On the other hand, in some areas, orders suppressed in October showed a restorative increase after the dual control was restored. "View details
[SMM research: some projects focus on delivery to lead to a small increase in galvanizing start] according to SMM research: zinc ingots are running weakly this week, in a pessimistic atmosphere, the market maintains a bearish mood and rigid demand is mainly bought, and the fourth batch of zinc ingots are thrown into the plant one after another, and the raw material inventory has been replenished. This week, the epidemic situation in some parts of the country has fermented, transportation is restricted, superimposed. "check the details.
[SMM is concerned that the trial product of the Indonesian high matte project has been released or delivered in December] according to SMM, recently the sample of the Indonesian Qingshan high matte project has been officially produced, and the formal production may not be delivered downstream until December. In March this year, the Castle Peak High Ice Nickel Project was officially announced, and the product was expected to be released in October at that time. The current production time is basically in line with expectations. "View details
(SMM Analysis of overseas High Nickel Market growth next year obvious Future layout Lithium Nickel Resources are particularly critical for Ternary Enterprises.) in the future, the growth rate of overseas high nickel market demand will exceed that of China, mainly because overseas mainstream car companies gradually promote high nickel models (6 and 8 series this year, 8 series and 9 series in the first quarter of next year, etc.), overseas car companies have high profits, and the high cost of high nickel ternary batteries is acceptable. In the future, the demand growth rate of overseas high-nickel market will exceed that of China, mainly because overseas mainstream car companies gradually promote high-nickel models (6 and 8 series this year, 8 and 9 series in the first quarter of next year, etc.), overseas car companies have high profits, and the high cost of high-nickel ternary batteries is acceptable. "View details
[laterite Nickel Weekly Review demand weak Freight callback Nickel prices are temporarily flat] on Friday, the average 1.5%CIF price of nickel ore was $82 / wet ton, unchanged from the average price last Friday. The latest transaction in the market recently, affected by the correction of nickel price and stainless steel price, the latest price range of 1.8% nickel ore is about US $121-122 / wet ton. "View details
[nickel pig iron weekly review market price Boyi strong steel mill demand weakening nickel iron slight correction] this Friday SMM8-12% high nickel pig iron average price 1495 yuan / nickel point (factory tax), compared with last Friday average price callback 7.50 yuan / nickel point, Indonesian nickel pig iron average price 1487.5 yuan / nickel point (including tax), 10 yuan / nickel point lower than last Friday. "View details
[SMM comments on the economy of high-nickel pig iron gradually decreased follow-up prices are expected to decline] this week, stainless steel prices fell, driving scrap market prices down, 304 waste stainless steel prices by nearly 500yuan / ton compared with the end of October, however, high-nickel pig iron purchase inquiry is down, but there is no actual transaction, so the price is temporarily firm, this week, high-nickel pig iron than scrap stainless steel per nickel point discount narrowed to about 28 yuan / nickel point. However, the price of high nickel pig iron has decreased due to the downward movement of costs and the acceptance of high prices in steel mills. "View details
On the evening of October 10th, Zijin Mining announced that it plans to buy Neo Lithium Corp (New Lithium Company for C $6.50 per share.) all the outstanding and outstanding common shares of Zijin Mining Co., Ltd. on the evening of October 10, Zijin Mining announced that it intends to buy Neo Lithium Corp (New Lithium Company for C $6.50 per share in cash. The total amount of the transaction is about C $960 million (equivalent to RMB 4.939 billion). Zijin Mining made a cash acquisition at an 18% premium to its closing price of C $5.49 a share on October 8. "View details
SMM analysis: the global consumer battery leader has been designated by SAIC! Expected to start supply next year] on November 5, Zhuhai Guanyu issued a voluntary disclosure announcement that wholly-owned subsidiaries received fixed-point notification from Shanghai Automotive Group Co., Ltd. Zhuhai Guanyu Power Battery Co., Ltd., a wholly-owned subsidiary of Zhuhai Guanyu, recently received a "fixed-point notice" from Shanghai Automobile Group Co., Ltd. (hereinafter referred to as "SAIC" or "customer"), the announcement said. SAIC chose Guanyu Power Battery as its designated supplier to develop and supply 12V lithium batteries for Zhiji LS7 models. "View details
[cobalt price uplink demand is less than expected ternary precursor capacity release supply exceeds demand] Future forecast: cobalt prices are weak and stable in the short term in the fourth quarter, and the fundamental smelting enterprises have increased inventory pressure. Domestic battery material demand side accounts for a greater proportion of the impact, at present, power, digital, small power and so on are not as expected, the overall demand side of the price pull up is very weak, only rely on the high support of mine cost. 2022 is still a tight year for lithium ore / lithium salt, the demand in the second quarter may be horizontal / falling, but due to the support of raw material prices, some manufacturers will remain above 180000. There will be more resources in 2023, and prices may fall. "View details
[SMM analysis of cobalt intermediate long-term association ratio will decline in 2022 short-term cost to support high cobalt price] SMM believes that the proportion of cobalt intermediate long-term association will decline in 2022; cobalt price will be weak and stable in the short-term fourth quarter and bearish in the long-term next year. "View details
[SMM analysis of the reduction of lithium salt signing ratio in 2022 and the tense situation of lithium resources throughout the year] from a fundamental point of view, the lithium carbonate market is still in short supply from November to December. At present, material companies continue to conduct downward price transmission, resulting in a 30% increase in battery cell costs from January to September, but it is difficult for automobile companies to conduct. It is expected that it is more difficult to increase short-term lithium prices, mainly slowly. 2022 is still a tight year for lithium ore / lithium salt. "View details
SMM analysis: what is the price of stainless steel supply weakening when production resumes and is expected to upgrade? SMM, November 5: a steel plant in South China will resume production in November and will stop production in September and October. Although the recovery output is still unknown, the news that it is about to resume production also has a great impact on market sentiment. If the electric furnace resumes production, the 300 series supply relief is expected to increase further, according to SMM data. "View details
[SMM bismuth spot weekly review bismuth price dropped slightly, overall still stable (2021.11.1-2021.11.5)] bismuth ingot prices have declined steadily this week, and the fundamentals of both supply and demand in the market have not changed much. on the whole, the overall resource supply of most manufacturers is still tight, and the inventory of manufacturers in most areas is still low, and even many manufacturers say that due to the current low inventory of manufacturers, it may be before the end of the year. All shipments will be restricted. "check details."
[SMM indium spot weekly evaluation indium price stable (2021.11.1-2021.11.5)] the indium market price is stable this week, the supply and demand fundamentals of the indium ingot market still maintain a balance this week, the trend change is not obvious, the market sells and buys rationally, although the supply and demand side still shows two sluggish trends, but the market shipments have a slight increase trend this week, while there is no new increase in rigid demand and speculative capital demand. And market speculators show a heavy wait-and-see attitude. "View details
[electrolytic manganese weekly review (11.1-11.5): manganese price difference obvious rigid demand release] in the market, at the beginning of the week, the overall spot quotation range of manganese factories in Guangxi and other regions remained stable compared with last week, electricity charges and raw material costs increased. Manufacturers have little room for unilateral profit, while the current individual market demand terminal negotiation willingness is low, supply and demand game atmosphere is obvious. In the second half of the week, I heard that the early stranded supply of goods from individual merchants in the market was negotiated and closed at around 40,000 yuan / ton, and the mentality of buying goods at a high level was enhanced in other terminal demand. "View details [SMM Molybdenum Weekly Review Steel Market weakens the domestic molybdenum market price falls sharply] the mainstream transaction price of 45% molybdenum concentrate in China this week is 2050-2100 yuan / tonnage, down 115yuan / tonnage compared with last Friday; the mainstream transaction price of 60% ferromolybdenum in China is 14.2-145000 yuan / ton, down 6000 yuan / ton compared with last week. Next week, SMM believes that the current market sentiment is generally bearish, superimposed this week, driven by iron ore, black metals are generally bearish, the market desire to buy continues to decline, the upstream warehouse mentality is increasingly strong, prices are expected to continue to fall next week. "View details
[chromite Weekly Review: power limitation alleviates demand increase chromite price has not fluctuated] this week, with the recent relaxation of power cuts around the country, the operating rate of ferrochrome manufacturers has increased, and the demand for chromite has improved; the price of ferrochrome has come down, but the cost is relatively high. In addition, under the background that the winter environmental protection policy may be stricter, high-carbon ferrochromium manufacturers are more cautious about the purchase of chromite. It is expected that the price of chromium ore will remain stable in the near future, and the price of 40-42% chromium concentrate in South Africa will run at 29-31 yuan / tonnage next week. "View details
[SMM Silicon inventory transfer Social inventory increase] SMM statistics November 5 metal silicon social inventory totaled 69000 tons, an increase of 2000 tons over last week. The output of Huangpu Port is larger than that of incoming storage, and the warehouse of metal silicon in Kunming and Tianjin ports is expected to continue to accumulate next week due to the arrival of metal silicon in Yunnan and Xinjiang respectively. "View details
[SMM Bismuth spot Weekly Review Antimony Price opening (2021.11.1-2021.11.05)] after the price weakness in the antimony market became obvious last week, antimony market prices began to show a downward trend this week. recently, low-price resources in the market have appeared frequently, and manufacturers, traders and other shipments have begun to relax, while the wait-and-see mood of buyers, whether antimony oxide manufacturers or downstream terminals, is getting heavier and heavier. After all, buyers and sellers have been in a stalemate for half a month, and the buyer has completed a certain amount of replenishment in the process of rising in the previous two months, so he is now beginning to wait and see. "View details
[SMM Analysis: Petroleum Coke month Summary and short-term Forecast] the first week of November is coming to an end, and for petroleum coke, the price of refineries this week did not rise as the benchmark price of downstream prebaked anodes rose by 440 yuan per tonne, but maintained a steady pullback. "check the details.
In-depth Analysis of SMM Coke Market: can the price of thermal coal be further reduced by the policy of continuous regulation and control? According to SMM analysis, with the approach of winter heating, the daily consumption of thermal coal in power plants will increase significantly, coupled with the fact that there is still a certain gap in thermal coal inventory in power plants compared with the same period in previous years, the market demand for thermal coal will increase significantly, and there may be extremely cold weather this winter, and the production and transportation of thermal coal may be greatly affected. To put it simply, the demand for thermal coal will be greatly improved. However, there are likely to be problems in the transportation of thermal coal, so under the background that it is difficult for thermal coal production to increase significantly again, there is no room for thermal coal prices to fall, and it is expected that thermal coal prices will remain stable in the range of 900yuan / ton to 1000 yuan / ton. "View details
[SMM coke market depth analysis: the downward trend of coke prices is irresistible] SMM analysis, at present, steel mills still have stricter expectations of limited production, and the purchasing enthusiasm for coke is mediocre. At present, steel prices have fallen sharply, steel mill profits have been significantly compressed, and some steel mills have become more bearish on coke prices. Coupled with the recent reduction in some coking coal prices, the cost support of coke prices has weakened. It is expected that the price of coke may continue to fall by 600 yuan / ton-800 yuan / ton. However, on November 7, Hebei Steel Plant has a resumption of blast furnace production, and coke demand may improve briefly. Although this will not change the general downward trend of coke prices, the decline rate of coke prices will slow down, thus leaving enough reaction time for coal mines to reduce the price of coking coal and reduce the losses of coke enterprises. "View details
[SMM Weekly Review: the rare earth market rapidly pulls up the transaction price of praseodymium-neodymium oxide approaching 800000 yuan / ton] the market price of praseodymium-neodymium oxide products rose again this week. Due to supply-side factors such as power production reduction in many places in the south, shortage of raw ore supply, and market sentiment factors such as lock-up and strong bullish sentiment among consignors, praseodymium-neodymium oxide metal rose rapidly, and the trading price of praseodymium-neodymium oxide rose to 780000 yuan / ton from 715000 yuan / ton at the beginning of the week. The trading price of praseodymium and neodymium metal has been raised from 870000 yuan / ton to 960000 yuan / ton, which is above this year's high price. The spot stock in the market is scarce, and there is no quotation, and the market has a strong wait-and-see mood. "View details
"Click to view the price of SMM rare earth products.
[SMM data November China magnesium ingot production increased 16.59% month-on-month] SMM 5 November: according to SMM research, China's magnesium ingot production in October 2021 was 63900 tons, an increase of 16.58% over the previous month, a decrease of 0.47% over the same period last year, and a cumulative output of 682700 tons, a cumulative increase of 7.26% over the same period last year. "View details
[SMM magnesium spot weekly review demand entry magnesium price bottomed out]. Affected by the sharp reduction in raw material prices, magnesium ingot cost support is rapidly weakening, as downstream demand resumes the wait-and-see trend, market transactions are weak, magnesium prices officially entered the downward channel this week. "View details
[SMM titanium spot weekly review titanium slag price rise titanium market overall operation stable] as of November 5, the price of high titanium slag has risen this week, and the titanium market as a whole has maintained stable operation. The details of the market are as follows. "View details
[the buyer's market continues the decline in silicon metal] under the bearish mood of the market, the price of silicon metal continues to fall this week, and the market turnover is light. East China oxygenated 55 silicon was around 24500 yuan / ton, down 9000 yuan / ton in a week, down 27%; 42 silicon in East China was 45500-54000 yuan / ton, down 13250 yuan / ton in the week, down 21%. The metal silicon market experienced "roller coaster" ups and downs. The price of several brands of metal silicon halved in half a month, and few traders made panic shipments. "View details
[Capstone's Pinto Valley copper mine is fully approved until 2039] Capstone Mining has received final approval from the United States Forest Service for a new Pinto Valley copper mine 125km east of Phoenix, Arizona. The life of the mine has been extended by 28 years to 2039, during which time it is expected to produce 2.5 billion pounds of copper.
[Chaohua Technology: the company currently has the mass production capacity of 6um lithium copper foil, high-frequency and high-speed copper foil] Chaohua Technology said on the interactive platform that the company has the mass production capacity of 6um lithium copper foil and high-frequency high-speed copper foil, and has successfully developed 4.5 μ m lithium copper foil products.
[China Nonferrous Metals Industry Association: improving the guarantee ability of Nickel and Cobalt Resources exploring the Establishment of Nickel and Cobalt Resources Commercial Reserve Mechanism] Wang Jian, vice president of China Nonferrous Metals Industry Association, said that China's nickel and cobalt resources are highly dependent on the outside world. The industry should improve the guarantee capacity of nickel and cobalt resources through various channels, and while expanding economic and technological cooperation with countries rich in nickel and cobalt resources, it should also carry out the research, development and industrialization of recycling technologies for cobalt, lithium, nickel and other metals, so as to promote the efficient recycling of nickel and cobalt secondary resources. Speed up the formulation of related standards such as raw materials for renewable batteries, and improve the recovery and recycling system of power batteries. We will explore the establishment of a commercial reserve mechanism for nickel and cobalt resources, form a reserve system that combines strategic reserves with commercial reserves, and enhance the ability to guarantee resources.
ALB.US, the world's largest lithium producer, is expanding quickly and evaluating new opportunities as buyers of battery metal lithium struggle to keep up with soaring demand for electric vehicles. It is understood that Abel plans to open sales at a new plant in Chile in early 2022 and an expanded plant in Western Australia around the middle of the year, while restarting another sealed lithium mine.
There are more variables! Recently, (Lithium Americas Corp) of the Americas announced that it would buy Canadian Millennium Lithium Company (Millennial Lithium Corp.) for about $400m. The previous offer from Ningde Times was about $297 million. Is this just a struggle between America and Ningde? Before answering this question, we have to mention an interesting "reversal" halfway through.
[another listed company invested in the construction of 100000 tons of lithium iron phosphate project] recently, Chuanheng shares announced that the company, together with Lanjian Investment and Chen Yong, increased the capital of Wanpeng Company, totaling 130 million yuan, and the company subscribed to 60 million yuan after the capital increase was completed. the company holds 30% of the shares. According to the announcement, Yibin Wanpeng Times Technology Co., Ltd., a wholly-owned subsidiary of Wanpeng Company, intends to invest in the construction of a project with an annual production capacity of 100000 tons of lithium iron phosphate cathode
Add another member to the battle for lithium iron phosphate! SMM plans to invest 100 million yuan of its own capital to invest 100 million yuan in its wholly-owned subsidiary, Batian New Energy Materials Co., Ltd., to engage in the production of iron phosphate and related supporting engineering business. Barfield said in the announcement that the recent penetration of new energy vehicles is rapid, and the demand for new energy batteries continues to grow. Lithium iron phosphate battery has obvious advantages in cycle life, safety and cost, and has become one of the mainstream choices of lithium battery.
Lithium electricity technology is now a "big move"! Hybrid lithium metal battery super factory landed, GM, SAIC, SK, Tianqi Lithium Industry, etc.] recently, mixed lithium metal battery developer and manufacturer SES released the Apollo lithium metal battery with the capacity of 107Ah. At the same time, SES announced that it is building a new super factory in Jiading, Shanghai, with a total area of 30000 square meters, which is scheduled to be completed in 2023 with a production capacity of 1GWh.
[Tibet Mining: the pricing of the company's lithium concentrate products is mainly based on the 15-day average price of SMM industrial grade lithium carbonate] Tibet Mining said that the pricing of its lithium concentrate products is mainly based on the 15-day average price of industrial grade lithium carbonate of (SMM) in SMM, with comprehensive consideration of processing fee, moisture and recovery. At the same time, the products sold in that month follow the process of testing the quality of the products in batches, quoting, confirming, signing contracts, and so on; although the price of the products is locked after signing the sales contract, the products of the company are put forward by the customers themselves, and the settlement can only be made after the transportation is completed. therefore, the price of the product in the third quarter is not necessarily the market price in the third quarter.
Lithium electricity technology is now a "big move"! Hybrid lithium metal battery super factory landed, GM, SAIC, SK, Tianqi Lithium Industry, etc.] recently, mixed lithium metal battery developer and manufacturer SES released the Apollo lithium metal battery with the capacity of 107Ah. At the same time, SES announced that it is building a new super factory in Jiading, Shanghai, with a total area of 30000 square meters, which is scheduled to be completed in 2023 with a production capacity of 1GWh.
[British Ambassador to the United States calls on the two countries to discuss steel and aluminum tax exemption as soon as possible] after the United States and the European Union agreed at the end of last month to end the steel and aluminum tariff war, British Ambassador to the United States Pierce publicly demanded on Thursday that the Biden government start negotiations on steel and aluminum tariffs on Britain as soon as possible and further lift tariffs on all British goods. In 2018, former US President Donald Trump imposed tariffs of 10% and 25% on imported aluminum and steel, respectively. After the armistice between the United States and the European Union on steel and aluminum, Britain and Japan are expected to follow suit. Pierce said British steel accounted for only 1 per cent of US imports and posed no threat to the US steel industry.
[1.7353 million tons of crude steel produced by key steel enterprises in late October] CISA data show that in late October, iron and steel enterprises produced a total of 19.0887 million tons of crude steel, 17.7195 million tons of pig iron, and 19.851 million tons of steel. Of this total, the daily output of crude steel was 1.7353 million tons, down 7.43 percent from the previous month; the daily output of pig iron was 1.6109 million tons, down 3.22 percent from the previous month; and the daily output of steel was 1.8046 million tons, down 2.25 percent from the previous month.
[industry data released "Iron Man" fell! What are the prospects after the off-season? According to the data disclosed by the China Iron and Steel Association, in late October, iron and steel enterprises produced a total of 19.0887 million tons of crude steel, 17.7195 million tons of pig iron and 19.851 million tons of steel. The daily output of crude steel is 1.7353 million tons, down 7.43% from the previous month; the daily output of pig iron is 1.6109 million tons, down 3.22% from the previous month; and the daily output of steel is 1.8046 million tons, down 2.25% from the previous month. It is estimated that the national daily output of crude steel in October was 2.3378 million tons, down 4.9% from the previous month and 21.4% from the same period last year.
Up to now, Jilin Province has coordinated and implemented the supply of thermal coal in Shanxi, Shaanxi and Inner Mongolia, and the relevant provinces and regions have signed a long association of thermal coal for Jilin Province before the end of the year to reach 5.85 million tons. At the same time, it has increased the procurement of imported coal and market coal, deployed power generation companies to increase the procurement of imported coal and market coal, and increased the procurement of Indonesian coal, Philippine coal, Russian coal and Mongolian coal, an increase of nearly 3 million tons. As of November 3, the total inventory of power coal of power generation enterprises in Jilin province has reached 3.34 million tons, and according to the calculation of coal consumption in winter, the available days has reached 19 days.
On November 4, more than 2700 tons of coal urgently allocated by Xinjiang Suneng Coal Transportation and Marketing Company of Xu Mining Group reached Jiangsu after five days and four nights, spanning more than 5000 miles, and entered the energy supply market in Jiangsu Province. This is the first special train of Xinjiang coal into the Soviet Union in the history of Xu Mining Group, and it is also another new channel for "foreign coal into the Soviet Union" opened up by Xu Mining Group after the opening of Shaanxi coal into the Soviet Union on October 21.
[Shanxi thermal coal price reduction policy is basically implemented] according to the deployment of the National Development and Reform Commission, the task of ensuring the supply of 53 million tons of coal under a medium-and long-term contract in Shanxi in the fourth quarter has been signed. Under the high load operation of coal enterprises, the average daily output of Shanxi Province has reached 3.36 million tons since October, an increase of 130000 tons over the average daily output in September, with a maximum daily output of 3.52 million tons, and the annual output is expected to exceed 1.2 billion tons. At the same time, the nuclear increase in production capacity is accelerating. By the end of October, Shanxi had completed the report review and on-site verification of 39 nuclear production coal mines, with an estimated net annual production capacity of 41 million tons.
[Zheng Shangsuo: adjust the margin of some thermal coal contracts and the range of rising and falling limit] Zheng Shangsuo announced that the trading margin standard of thermal coal futures 2211 contract is 30%, and the range of rising and falling limit is 10%. The standard transaction fee is 120 yuan / hand, and the intra-day transaction fee is 120 yuan / hand.
[national Development and Reform Commission: coal storage in power plants has increased by an average of 1.6 million tons per day since November] with the sustained growth of national coal production and the rapid increase in thermal coal loading, coal supply in power plants has continued to exceed coal consumption since November, with an average daily increase of 1.6 million tons. The level of coal storage is rising rapidly. On November 5, 65000 vehicles were loaded with thermal coal, an increase of 39% over the same period last year; the supply of thermal coal exceeded consumption by 1.82 million tons, and the storage of coal in the power plant reached 116 million tons, which could be used for 20 days.
[China Development Bank: special loans have been set up to support coal and coal power supply] the State Development Bank said that it has set up special loans to support major coal producing areas and key coal enterprises to increase power coal supply. we will support the power coal reserves of key power enterprises in key areas of power supply and heating, strive to alleviate the operational difficulties of coal and power enterprises, and make every effort to do a good job in financial services for energy supply this winter and next spring. By the end of October, it had pledged 67.7 billion yuan in special loans to 148 projects, disbursed 21.5 billion yuan, and provided development financial support for the smooth operation of key enterprises in a timely manner.
[state Administration of Taxation: 15.07 billion yuan in tax reduction, refund and postponement "for coal power and heating enterprises since October. Cai Zili, director of the income Planning and Accounting Department of the State Administration of Taxation, said that since October, we have set up an account. follow up the tax reduction, refund and postponement of coal power and heating enterprises on a daily basis. As of November 4, a total of 15.07 billion yuan of tax reduction, refund, and postponement of taxes had been handled for coal-fired power and heating enterprises, of which 5.78 billion yuan had been granted tax reductions or exemptions and 9.29 billion yuan had been deferred, effectively alleviating the financial pressure and production and operation difficulties of coal-fired power and heating enterprises, and promoting the work of energy supply this winter and next spring.
[general Administration of Customs: import of iron ore decreased 4.2 per cent in the first 10 months and average import price rose 61 per cent] data released by the General Administration of Customs show that in the first 10 months, China imported 933 million tons of iron ore, a decrease of 4.2 percent, and an average import price of 1139 yuan per ton, up 61 percent; 425 million tons of crude oil, a decrease of 7.2 percent, and an average import price of 3128.3 yuan per ton, up 35.6 percent. 257 million tons of coal, an increase of 1.9 percent, an average import price of 621.2 yuan per ton, an increase of 27.1 percent; 99.074 million tons of natural gas, an increase of 22.3 percent, and an average import price of 2584.4 yuan per ton, up 11.2 percent; and 79.083 million tons of soybeans, a decrease of 5 percent, and an average import price of 3531.8 yuan per ton, up 30.2 percent.
[general Administration of Customs: the cumulative export of rare earths from January to October increased by 39.4% over the same period last year] the General Administration of Customs released the volume data of national key export commodities in October 2021, showing that rare earth exports were 4330.4 tons in October and 39967.7 tons from January to October, an increase of 39.4% over the same period last year.
Jiangxi Tungsten Industry holding Group Co., Ltd. national standard first-grade wolframite concentrate guiding price of 111000 yuan / standard ton in the first half of November 2021.
[special electrician and Inner Mongolia Damao Banner people's Government signed a cooperation agreement to invest 400000 tons of high-purity industrial silicon + 5 million kilowatts of new energy projects] according to the agreement, special electricians will build projects with an annual output of 400000 tons of high-purity industrial silicon and 5 million kilowatts of new energy. Among them, the high-purity industrial silicon project is divided into two phases, with an estimated investment of 6 billion yuan, and the first phase of 200000 tons / year high-purity industrial silicon plans to invest 3 billion yuan. After obtaining the project land, the relevant construction examination and approval procedures, and meeting the conditions for starting, the construction will officially start within one month, and is expected to be completed and put into production within 12 months after the start of construction. The second phase of 200000 tons / year high purity industrial silicon project will be promoted according to the market and policy. The 5 million kilowatt new energy project will actively participate in declaration and timely development and construction in accordance with Baotou's 14th five-year Plan for new energy development and construction, Electroweb access and consumption, as well as the energy authorities' policy requirements for various types of new energy declaration.
[China rare Earth Prosperity Index released in the third quarter of 2021 continues to maintain a booming range] on October 20, the China rare Earth Industry Prosperity Index was officially released in the third quarter of 2021. The total index score for this period is 105.40 points, which is in the "boom" range. Each sub-index is stable and good as a whole, and most of the scores are higher than the boom line. The prosperity index of China's rare earth industry is jointly compiled by China Economic Information Society and Baotou rare Earth products Exchange. The index can effectively support the operation of the rare earth market in the past, reflect the current market activity, and predict the future trend to a certain extent. It is an important part of China's rare earth series index.
[winter time in North America begins this Sunday] Winter time in North America begins on Sunday, November 7, and ends on March 13, 2022 (02:00 EDT). Trading hours in the financial markets of the United States and Canada (gold and silver, US oil, US stocks, etc.) and economic data release will be one hour later than daylight saving time.
[rising demand for goods and inflation pushed the US trade account deficit to a record high in September] the US trade account deficit hit an all-time high of $80.9 billion in September and is expected to be $80.5 billion in September, compared with a deficit of $73.3 billion in August, according to data from the US Commerce Department on Thursday. Among them, imports increased in September, while exports fell sharply.
[Ministry of Industry and Information Technology: make every effort to stabilize and boost the industrial economy and strive to ensure the security and stability of the industrial chain supply chain] the Ministry of Industry and Information Technology held a national teleconference on the industrial information system to do a good job in stabilizing and boosting the industrial economy and maintain the smooth operation of the industrial economy. The meeting stressed that we should adhere to the general tone of the work of striving for progress while maintaining stability, implement the new development concept in a complete, accurate, and comprehensive manner, focus on the outstanding problems existing in the implementation of the "six stability" and "six guarantees" work, and take effective measures to stabilize and boost the industrial economy. Efforts should be made to ensure the security and stability of the industrial chain supply chain, deeply implement the action of strong chain complement in the manufacturing industry, strengthen the coordination and linkage of upstream and downstream enterprises, and promote the optimization and upgrading of the whole industrial chain.
[development and Reform Commission: traffic planning of the Yangtze River Economic Belt in the 14th five-year Plan will focus on accomplishing six major tasks] Zhou Xiaoqi, deputy director of the basic Department of the National Development and Reform Commission, said at the press conference that the comprehensive transportation system planning of the Yangtze River Economic Belt during the 14th five-year Plan is the first supporting policy issued in the policy planning system "N" for the development of the Yangtze River Economic Belt, and is an important support for promoting the high-quality development of the Yangtze River Economic Belt. It is not only a key measure to smooth the domestic and international double circulation aorta, but also a powerful starting point to promote the coordinated development of the upper, middle and lower reaches of the Yangtze River Economic Belt. The "Comprehensive Traffic Planning" mainly includes six construction tasks: first, to improve the access capacity of the transportation network. Second, improve the development level of urban agglomeration transportation integration. Third, build a high-level open transportation system. Fourth, promote efficient links of integrated transportation hubs. Fifth, improve the level of integrated transport services. Sixth, promote the green and low-carbon development of transportation.
Did China's commodity index fall back to the inflection point of commodity prices again in October? On Friday (November 5), the China Commodities Index released by the Federation of Logistics and Purchasing was 99.7% in October, which fell again this month after a small rebound last month, indicating increased downward pressure on the domestic commodity market.
[state Administration of Taxation: 910.1 billion yuan in tax reduction in the first three quarters] according to the latest data from the State Administration of Taxation, in the first three quarters of this year, tax reduction and fee reduction were increased by 910.1 billion yuan, including 788.9 billion yuan in tax reduction and 121.2 billion yuan in fee reduction. Since the beginning of this year, in the face of the complex and severe environment at home and abroad, China has introduced a series of measures to reduce taxes and fees, which have reduced the burden on enterprises and enhanced the vitality of the main body of the market.
[state Administration of Foreign Exchange: the continued recovery of China's economy provides support for the overall stability of foreign exchange reserves] Wang Chunying, spokesman for the State Administration of Foreign Exchange, said that the current COVID-19 epidemic continues to repeat, the global economic recovery is facing more unstable factors, and the international financial market is volatile. However, China's economy continues to recover, with strong resilience and great potential, which will provide support for the overall stability of foreign exchange reserves.
[general Administration of Customs: the total value of China's imports and exports increased by 24.3% in October compared with the same period last year. According to data released by the General Administration of Customs, according to customs statistics, in dollar terms, China's imports and exports totaled US $515.9 billion in October, an increase of 24.3% over the same period last year and 5.3% lower than the same period in 2019. An increase of 34.5%. Of this total, exports were 300.22 billion US dollars, up 27.1 percent from the same period last year, down 1.8 percent from the same period last year, up 41 percent from the same period in 2019; imports were 215.68 billion US dollars, up 20.6 percent from the same period last year, down 9.7 percent from the same period last year, up 26.4 percent from the same period in 2019; and the trade surplus was 84.54 billion US dollars, an increase of 47.5 percent over the same period last year. "View details
[us President Joe Biden said: infrastructure investment will ease inflationary pressures and the bill signing ceremony will be held as soon as possible.] US President Joe Biden said the vote on the infrastructure bill was a "landmark step" for the United States. Infrastructure investment will ease inflationary pressures and a bill signing ceremony will be held as soon as possible. The infrastructure bill will create millions of jobs, most of which do not require a college degree. The bill will provide funds for the construction of 500000 charging stations.
[offshore wind power boom inspires listed companies to grab share of submarine cable demand] the growth rate of onshore wind power slows down in 2021, but offshore wind power shines brilliantly. According to public data, offshore wind power will be connected to the grid by 1.67 million kilowatts in the third quarter of 2021, an increase of 227% over the same period last year. By the end of September, the cumulative installed capacity of offshore wind power across the country had reached 13.19 million kilowatts, an increase of 75.7 percent over the same period last year.
Tesla has raised the price again! Model 3 and Model Y rose $1000 each in the United States] according to foreign media reports, the prices of Tesla Model 3 and Model Y series in the United States have both increased by $1000, which is the third time that Tesla has raised car prices this quarter. This time, however, Tesla did not adjust the prices of Model S and Model X. Prices for Model 3 now start at $44990. Prices for, Model Y start at $57990.
[it is reported that there is a disagreement between Tesla and Hertz on the delivery speed of 100000 electric vehicles.] on Nov. 5, according to the latest media reports, Hertz and Tesla (TSLA.O) have been at odds over the delivery time. Tesla is still expected to supply 100000 cars to Hertz at a fixed price, and the two companies are finalising the details of the deal to set a delivery time for 100000 electric vehicles, according to people familiar with the matter. Tesla obviously does not intend to give any special treatment to Hertz. Hertz will not only pay the same price as ordinary customers, but Tesla also plans to deliver the goods within his regular schedule. Recently, Tesla delayed the delivery of a new order for the rear wheel drive version of the Model 3 (the model ordered by Hertz) until the end of 2022.
[electric car company Bedeo will buy Protean company of Evergrande] according to foreign media reports, electric car maker Bedeo has agreed to buy British start-up Protean Electric from Evergrande Group Automotive subsidiary. On November 4, Evergrande New Energy vehicle issued a statement confirming the news, but did not disclose the terms of the deal. The acquisition of Bedeo, which mainly provides light commercial vehicles and zero-emission transport technology, will help Bedeo, which is focused on the European market, expand into Asia and the US.
[Ireland plans to increase the number of new energy vehicles by 20 times in the next decade] the Irish government recently announced a target for the development of new energy vehicles, and the number of new energy vehicles in the country is expected to increase by about 20 times in the next decade. The number of new energy vehicles in Ireland currently stands at about 45000, mainly pure electric and plug-in hybrids, and is expected to rise to 945000 by 2030, the Irish government said in a report. The Irish government also said that in order to achieve the target of reducing emissions by 51% by 2030, the number of new energy vehicles must be increased to reduce environmental pollution caused by traditional fuel vehicles. At present, in order to encourage the use of new energy vehicles, the Irish government has formulated a series of preferential policies, such as subsidies to buyers of new energy vehicles.
[global sales of batteries for TOP10 electric passenger cars in the first three quarters] according to industry statistics, the number of new registrations of electric vehicles worldwide has exceeded 4.3 million in the first three quarters of this year, accounting for 7 per cent of global new car sales. It is worth mentioning that in the fast-growing electric vehicle markets such as China and the European Union, new electric vehicle sales account for more than 10%, and are increasing month by month.
[Ningde era: at present the company has started the industrial layout of sodium ion battery will form a basic industrial chain in 2023] on November 4, Ningde Times said in the interactive platform that in terms of manufacturing process, sodium ion battery can be compatible with lithium ion battery production equipment and process, and the production line can be quickly switched to complete the rapid layout of production capacity. At present, the company has started the industrial layout of sodium ion battery, and will form a basic industrial chain in 2023.
[equipped with sponge silicon negative plate battery, the endurance super 1000km 1000km Eian AION LX will be unveiled at Guangzhou Auto Show] it was learned from GAC Ean that the Eian (AION) GAM6480BEVB0P pure electric model that entered the latest batch of new energy vehicle promotion catalogue of the Ministry of Industry and Information Technology, that is, the pure electric model AION LX, which uses sponge silicon negative plate battery technology, has achieved battery life for the first time in the world, and will be unveiled at this year's Guangzhou Auto Show. This means that GAC Ean's ultra-long range "Battery cool techs" technology, which was announced at the beginning of this year, has finally landed.
Over 30.5 billion! According to the agreement, Yiwei Lithium Energy will invest 30.521 billion yuan in Jingmen by stages to build an annual 152.61GWh lithium battery production base and system R & D and production base through its subsidiary registered in Jingmen City Lithium Dao District.
[in September, the global installed capacity of power batteries Top10: China accounted for 6 seats and ranked 9th on the list! Recently, South Korean market research institute SNE Research released the ranking of global power battery installed capacity in September and January-September 2021. Data show that the global installed capacity of power batteries in September was 32.9 GWH, up 30.6% from the previous month. Among them, the top 10 companies are Ningde era, LG New Energy, Panasonic, BYD, SKI, Samsung SDI, AVIC Lithium, Guoxuan Tech, Lishen Battery and Vision AESC.
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