[SMM Metal Breakfast] the US dollar goes up against metals and generally falls * aluminum prices continue to fall, processing fees rise, and lithium prices rise.

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"[overnight market] the US dollar attacked metals again and generally fell. Shanghai Nickel fell by more than 3%. Shanghai Zinc fell by more than 2%.

"[macro outlook] pay attention to the number of Americans applying for unemployment benefits this week and the annualized data of new home sales after quarterly adjustment.

"Click to see more metal futures.

Most of the outer disk metal market fell yesterday, Lun Copper fell 1.28%, Lun Zinc fell 1.53%, Lun Ni fell 1.34%, Lun Ni fell 3.23%, Lunxi fell 0.03%, Lun lead only floating red rose 0.05%, domestic copper fell 1.36%, Shanghai Copper fell 1.35%, Shanghai Aluminum fell 0.93%, Shanghai lead fell 0.28%, Shanghai Nickel fell 3.53%, Shanghai Zinc fell 2.38%, and Shanghai Tin fell 0.24%. In the domestic market, international copper fell 1.36%, Shanghai copper fell 1.35%, Shanghai aluminum fell 0.93%, Shanghai lead fell 0.28%, Shanghai nickel fell 3.53%, Shanghai zinc fell 2.38%, and Shanghai tin fell 0.24%.

The dollar index rose 0.62% to 90.64, with weaker-than-expected data on Tuesday. Sales of existing homes in the United States fell more than expected in November, and consumer confidence was lower than expected. Weak US data solidified the dollar's rally. Meanwhile, the $892 billion novel coronavirus aid package passed by Congress is waiting for President Trump to sign the law. However, some analysts say the bailout package has been digested by the market, so the impact is small.

U.S. stocks closed mixed on Tuesday, with the Dow down 200.94 points, or 0.67%, at 30015.51, the Nasdaq up 65.40 points, or 0.51% at 12807.92, and the S & P 500 down 7.66 points, or 0.21%, at 3687.26.

In terms of crude oil, both US and Brazilians fell, and further investigations released on Tuesday showed that stocks in US crude oil depots decreased last week, while gasoline stocks increased for the sixth consecutive week.

In terms of precious metals, COMEX gold futures fell for the first time in about two weeks on Tuesday, the biggest one-day decline in two weeks, as the dollar strengthened and the stock market tried to rebound to put gold under intraday selling pressure. The dollar benefited from safe-haven buying triggered by concerns about the variation of novel coronavirus in the UK.

LME inventory

Today's focus

[SMM analysis: why is it difficult to give birth to a long order of crude copper processing fee near the end of 2020? ] on the 14th of this month, the 2021 copper concentrate processing fee BM was finally determined to be 59.50 US dollars / ton, and the market focus turned to the crude copper processing fee long order BM agreement. From last year's point of view, the long order of crude copper CIF processing fee in 2020 was roughly determined on December 16, 2019, and the long order of crude copper CIF processing fee in previous years was basically agreed in mid-December. However, the long order processing fee for CIF in 2021 still seems to be difficult, and some market participants expect it to be agreed by the beginning of next year. "View details

[aluminum bar spot daily review: aluminum prices continue to fall processing fees in the overall market transaction is OK] Today (12 Universe 22) the domestic mainstream aluminum bar market processing fees rose as a whole, the increase is concentrated in 20-50 yuan / ton. Among them, in the mainstream market, the processing fees of most holders in South China increased by 20-30 yuan / ton, and some traders continued to slightly increase 10-20 yuan / ton after the deal was finalized. the response to the transaction in East China today is good, and the price of processing fees has increased greatly. the mood of receiving goods downstream is OK. "View details

[SMM recycled lead research] according to SMM, considering the comprehensive cost, some recycled lead smelters can maintain a break-even state, but some enterprises with higher costs have already faced a loss of up to 300 yuan per ton. Some refineries in Anhui began to stop production and overhaul this week because of losses and are expected to resume work after the end of the year, involving an annual capacity of 100000 tons of waste batteries.

[Shanghai lead fell by more than 6% in two days, but recycled lead cost support is expected to be limited] macro sentiment turns empty and lead fundamentals are weak to suppress lead prices. Lead prices are expected to maintain a weak trend in the short term, but supported by recycled lead costs. Lead prices are expected to have little downward space, so we need to continue to pay attention to the price trend of waste batteries and the changes of recycled lead discounts. "View details

The Shanghai Zinc Index has risen nearly 20% this year. How will zinc prices go in 2021? In the fourth quarter, due to the continuous decline of domestic zinc concentrate TC, as of December 18, the processing fee of domestic zinc concentrate was 4150 yuan per metal ton, the lowest since mid-late September 2018, and the supply of zinc ore is still tight, supporting zinc prices to some extent. Zinc prices reached a new high of 22275 yuan / ton. As of December 22, the Shanghai Zinc Index closed at 21490 yuan / ton, up 19.75% for the year. "View details

[SMM brief comment: the whole line of non-ferrous color has plummeted! Shanghai nickel diving down more than 4% nickel price in the future how to go? In terms of the fundamentals of the nickel market, the performance continues to be stable and moderate. Although it is not easy for the price of high nickel pig iron to rise, the center of gravity of the transaction has actually hit bottom, and the price of stainless steel has also rebounded from low to release a certain profit space for steel mills. It is expected that the operating rate can maintain the current stable level; the electrolytic nickel market will continue to show downstream consumption power after superposition, and it will still be favorable for more performance when the import volume is limited to the ratio. In view of the recent ebb of capital sentiment and the uncertainty of the epidemic panic, nickel prices are expected to continue to fluctuate in the short term. "View details

[nickel pig iron trading daily review: nickel price plummeted nickel iron paste water pure nickel range reduced upstream strike price downstream procurement caution] Nickel price fell sharply today (12max 22), the market wait-and-see mood once again strengthened, Nickel iron than pure nickel rose discount reduced to 200 yuan / nickel point, the buyer's mentality is greatly affected by the nickel price on stainless steel price, but the iron factory quotation mentality is stronger due to the influence of raw material inventory and cost. 1100 yuan / nickel point (including tax to the factory) fluctuates up and down, the short-term price game still exists, but does not rule out the emergence of special transaction price. "View details

[SMM brief Review: early support turned to bearish Precious Metals] but looking ahead, Capital Macro American Economist Andrew Hunter pointed out that after this year's rally, the whole market still expects the gold market to continue to rise next year. Continued easing by central banks around the world will continue to push gold prices. If the vaccine can be distributed soon, the economy will recover quickly in the second half of next year. In this case, rising inflation becomes very realistic, which is good for gold. "View details

[iron ore fell nearly 6 per cent in intraday trading] the main iron ore contract fell 4.78 per cent to 1055 yuan / ton, giving up yesterday's gains. Last night, the company issued a series of articles to fully implement the trading limit for iron ore futures contracts in each month, and the daily opening volume of each month contract should not exceed 2000 hands. In addition, prior to the increase in the margin ratio, the release of risk reminders and so on, played a cooling effect on the disk. "View details

[SMM analysis: at the beginning of next year, large factories continue to overhaul and purchase heat to the recent high lithium prices] December 22, 2020, SMM China battery-grade lithium carbonate prices 475-50, 000 yuan / ton, up 1500 yuan / ton over the previous day; SMM China industrial-grade lithium carbonate price 425-47000 yuan / ton, up 500 yuan / ton over the previous day. At present, there is a differentiation in the price of battery-grade lithium carbonate in China, and the purchasing price of large material factories has a certain advantage over small and medium-sized factories, and the price may be located in the middle and low level of the range; the bargaining power of small and medium-sized material factories is weak, and the transaction price has reached 50,000 yuan / ton; in terms of industrial carbon, the transaction price continues to rise, Qinghai shipments are less, and the quotation remains high. "View details

[brief comment on the spot thread on December 22: the snail rose and fell, and the spot price fell in chaos] the black varieties remained strong in the night market last night, and the snail closed up to 4560 in the night market. This morning, the spot market continued to be strong, and the spot market rose 70-200 yuan / ton. The strong mentality remains unchanged. Although the transaction is slightly weaker than yesterday, it is still OK. However, in the afternoon, a bloody storm led by iron ore hit, the snail dived, and spot prices in some markets immediately fell, of which the East China market, which rose the fastest in the early period, fell the most, and the turnover also weakened rapidly. On the whole, the cumulative increase of each market throughout the day was 60-180 yuan / ton, and the transaction was weak. "View details

[SMM exclusive: the impact of power cuts continues, the operating rate of electric furnace is weak] according to SMM research, as of December 22, the operating rate of 34 independent electric arc furnace steel mills across the country was 77.12%, which continued to decline 1.52% from last week and 6.06% from the same period last month. The main reason is that the impact of power outage notice continues. According to the understanding of SMM, under the recent surge in steel prices, the profits of steel mills are still good, and even under the SMM data model, as of today, the profit per ton of steel in electric arc furnace steel mills is 596 yuan. However, power cuts are still going on, and individual steel mills in Jiangxi have also reduced their daily operating hours, and the operating rates of some factories in Zhejiang have also declined slightly. The short-term operating rate of electric furnace is expected to remain at the current level. "View details

SMM Hot Volume arrival report: where are the resources in the north going under the sharp rise and fall? SMM Steel, December 22, according to SMM statistics, it is estimated this week that total market resources will arrive at 220000 tons, a month-on-month decrease of 5000 tons, or 2%. Look at it by market. "check the details.

[SMM hot volume spot market comments: volume soared and fell, spot transactions were deserted] Futures continued to soar last night, and spot quotations rose 60-110yuan / ton this morning. However, affected by the negative factors of the British epidemic, the peripheral stock markets fell sharply overnight, dragging down the panic mood of the domestic stock market futures market this day. After the volume rose, the spot market quotation followed gradually lower, and some market quotations were more chaotic, and the transaction was not smooth. By the end of the day, prices in most markets were down 10-50 yuan / ton compared with yesterday. "View details

[SMM China Battery-grade Lithium Carbonate Price 475-50000 yuan / ton] on December 22, 2020, SMM China battery-grade lithium carbonate price 475-50000 yuan / ton, up 1500 yuan / ton over the previous day; SMM China industrial grade lithium carbonate price 425-47000 yuan / ton, up 500 yuan / ton over the previous day. At present, there is a differentiation in the price of battery-grade lithium carbonate in China, and the purchasing price of large material factories has a certain advantage over small and medium-sized factories, and the price may be located in the middle and low level of the range; the bargaining power of small and medium-sized material factories is weak, and the transaction price has reached 50,000 yuan / ton; in terms of industrial carbon, the transaction price continues to rise, Qinghai shipments are less, and the quotation remains high.

[SMM December 22nd cobalt intermediate spot KuaiBao: supply uncertainty increases cobalt intermediate price rise] according to customer feedback, most of the cobalt intermediate long-term agreement has been completed, the coefficient or formula adjustment, the average price certainty will rise next year. With the recent aggravation of the epidemic in South Africa, worries about the impact of the market on the logistics of cobalt raw materials have increased, the spot supply of domestic cobalt raw materials continues to be tight, and the quotation Market feedback a little high price transactions appear, transaction prices all the way up. "View details

[SMM December 22nd Lithium manganate spot KuaiBao: lithium salt price of lithium permanganate continues to rise] Today, the price of lithium manganate (power type) is 3.3-35500 yuan / ton, with an average price of 34250 yuan / ton, up 250 yuan / ton compared with yesterday; lithium manganate (capacity type) price is 2.2-28000 yuan / ton, the average price is 25000 yuan / ton, up 500 yuan / ton compared with yesterday. Industrial carbon prices continue to rise this month, with an increase of nearly 5000 yuan / ton since the beginning of December. Although some lithium manganate enterprises have purchased lithium salt to hoard goods, the cost has basically increased by nearly 2000 yuan / ton compared with the beginning of the month. Downstream battery enterprises are in urgent need of procurement, the market is more difficult to buy low-cost lithium manganate products, can only accept the increase. "View details

[SMM analysis: new energy demand is optimistic about stacking Spring Festival stock cobalt sulfate prices] SMM is optimistic about new energy demand, superimposed Spring Festival stock demand increases, good cobalt sulfate prices, considering the advance of Spring Festival logistics, other costs increase under the influence of the epidemic, cobalt sulfate prices are expected to continue to rise. "View details

Important news of metals and industry

[Hunan Jinlong Group has an annual output of 100000 tons of purple miscellaneous copper fine deep processing high conductive copper rod project] Hunan Jinlong Group annual production capacity of 100000 tons of purple miscellaneous copper deep processing high conductive copper rod project has been settled in Xiangtan Rain Lake High-tech Zone, with a total investment of about 650 million yuan and a planned land of 175mu. It will be implemented in two phases, and the first phase will set up a 50, 000-ton production line, which is expected to be put into production in April next year. The project has received strong support from the local government to hand over the land to the standard in the shortest possible time.

[Alcoa suspends production cuts at the SanCipro á n aluminum smelter in Spain] Alcoa will stop production cuts at the SanCipro á n aluminum smelter in Spain after the Galicia High Court declared the collective dismissal null and void. In October, the company announced that it would cut 228000 tons of annual capacity at the smelter and continue to fire employees after four months of negotiations, and worker representatives filed a lawsuit in court. "View details

[IAI: November world primary aluminum production increased by 4.11% over the same period last year] according to the latest data of the International Aluminum Association, in November 2020, world primary aluminum production was 5471 kilotons, an increase of 4.11 percent over the same period last year, with an average daily output of 182.4 kilotons. From January to November, the world primary aluminum production totaled 59,707 kilotons, an increase of 2.56 percent over the same period last year.

Since the beginning of this year, Southwest Aluminium (Group) Co., Ltd. has seized the opportunity of the rapid development of automobile lightweight to deepen structural adjustment, vigorously and high-quality promote the deep market development and application of new products and varieties represented by automotive aluminum, and achieved remarkable results: from January to November, automotive aluminum increased by 155% compared with the same period last year, setting the best level in history.

[Shenma Group 100000 tons aluminum-based alloy plate and strip production line and aluminum products intensive processing first phase project put into operation] on December 19th, Ningbo Shenma Group Xingren annual production line of aluminum-based alloy plate and strip production line and aluminum products intensive processing first phase project was completed and put into operation. The cooperation project is divided into three phases according to three years. The first phase forms an annual production capacity of 60, 000 tons of aluminum strip and plate, and achieves an output value of 900 million yuan. It will be put into operation three years later, with an annual output of 100000 tons, an output value of 1.5 billion yuan, more than 200 jobs and an annual tax revenue of more than 80 million yuan.

[Ningbo Liqin OBI Nickel-Cobalt Project II Project signing] on December 18, 2020, Nanjing Baise Co., Ltd. and Ningbo Liqin Resources Science and Technology Development Co., Ltd. held a contract signing ceremony for the autoclave of the second phase of the OBI nickel-cobalt project in Nanjing. Cai Jianyong, chairman of Ningbo Liqin Resources Technology Development Co., Ltd., Jiang Xinfang, president of Ningbo Liqin Resources Technology Development Co., Ltd., experts from China Enfei Engineering Technology Co., Ltd., Chongqing Saadi Engineering Consulting Co., Ltd.

Boiler K4 (9.703t, 14.25m*2.252m) and K3 (10.496t, 14.3m*2.252m) of Indonesia Wanxiang Phase I 2 × 65MW project # 1 boiler K4 (9.703t, 14.25m*2.252m) and K3 (10.496t, 14.3m*2.252m) were successfully put in place on December 18th. On December 21, K2 (12.397t, 14.3m*2.24m) and K1 (10.268t, 14.25m*2.252m) large plate beams were successfully put in place.

[stainless steel] according to data released by the International stainless Steel Forum (ISSF), the global output of stainless steel crude steel reached 36.71 million tons in the first three quarters of 2020, down 7.8% from the same period last year.

[First Cobalt and Kuya Silver sign letter of intent for Cobalt Camp Exploration assets], First Cobalt Corp has recently signed a letter of intent with Kuya Silver Corporation to sell some of its silver and cobalt exploration assets in Cobalt Camp, Canada and form a joint venture to promote the remaining minerals. The deal will enable the two companies to resume mineral exploration in a historic Silver area while providing funds for First Cobalt Corp to reopen its Canadian refinery in northern Ontario.

[Nippon Steel and ArcelorMittal jointly build an electric furnace plant with a capacity of 1.5 million tons] Nippon Steel said that it and ArcelorMittal will spend $775 million to build an electric arc furnace at its US joint venture plant in Alabama, which is scheduled to start in the first half of 2023. The new electric arc furnace, to be built at 50:50 by the two companies, will have an annual production capacity of 1.5 million tons and will produce hot-rolled, cold-rolled and coated steel plates. ArcelorMittal, the world's largest steelmaker, said in September that it would transfer most of its US assets to Cleveland-Cliffs, the largest US pellet producer, but would retain the Calvert project. "View details

Ministry of Ecology and Environment: China's iron and steel, coal, etc., have completed the production capacity target of the 13th five-year Plan ahead of schedule. According to the on-site data of the press conference, in recent years, the green level of China's economic structure has improved significantly. From 2016 to 2018, steel and coal reduced and eliminated backward production capacity by 150 million tons and 810 million tons respectively, and coal power phase-out and shutdown lagging units more than 20 million kilowatts, both of which achieved the capacity reduction target of the 13th five-year Plan ahead of schedule.

[the floating listing price of rare earths in South China has been announced for the first time that the price of terbium oxide has been raised by 100000 yuan / ton] A few days ago, rare earths in the south announced the latest listing prices of medium and heavy rare earth oxides, and the listing prices of some oxides have changed, rising and falling. Among them, the quotation of gadolinium oxide decreased by 2000 yuan / ton to 176000 yuan / ton, terbium oxide increased by 100000 yuan / ton to 6.3 million yuan / ton, dysprosium oxide decreased by 10, 000 yuan / ton, holmium oxide decreased by 5000 yuan / ton, and yttrium oxide decreased by 1000 yuan / ton compared with the previous period.

[the project of "integration of coal, electricity and aluminum" in Yilong New area is expected to be put into production in May next year. It is understood that the project is invested by Guizhou Yuanhao Aluminum Co., Ltd., with a total investment of 2.8 billion yuan, 1.8 billion yuan in the first phase and 1 billion yuan in the second phase. The full annual output value of the project will reach 4.5 billion yuan, directly solve the employment of more than 1000 people, and pull 1.2 million tons of local logistics every year. At the same time, it will lay the foundation for Yilong New area to build a circular economy with aluminum as the core, extending the upstream and downstream economic industrial chain, and building "electricity-aluminum", "electricity-chemical", "electricity-materials" and other circular economy.

[Vale: construction of the Capanema iron ore project with an annual capacity of 18 million tons has been approved] on the 21st, Vale announced that it had obtained the permits needed to start the construction of the Capanema (Capanema) project last Friday. The Capanema project is located in the cities of Santa Barbara, Oruprito and Itabirito in the state of Minas Gerais, Brazil.

Ministry of Ecology and Environment: China's iron and steel, coal, etc., have completed the production capacity target of the 13th five-year Plan ahead of schedule. According to the on-site data of the press conference, in recent years, the green level of China's economic structure has improved significantly. From 2016 to 2018, steel and coal reduced and eliminated backward production capacity by 150 million tons and 810 million tons respectively, and coal power phase-out and shutdown lagging units more than 20 million kilowatts, both of which achieved the capacity reduction target of the 13th five-year Plan ahead of schedule.

Huang Ming, secretary of the party committee of the Ministry of Emergency Management, said that it is necessary to highlight the top priority of mine safety, strengthen supervision and inspection in key areas, accurately formulate a plan of "one mine, one policy" for high-risk coal mines, and implement measures for the prevention and control of major disasters such as rock burst, gas, and water disasters, said Huang Ming, secretary of the party committee of the Ministry of Emergency Management, to strengthen the supervision and inspection of high-risk coal mines. We will strengthen supervision over the closure of coal mines, technological reform coal mines and non-coal mines, persist in setting up before breaking down, prevent the disconnection of supervision and supervision in the process of institutional reform, strengthen the implementation of responsibilities, and resolutely curb the occurrence of major and serious accidents.

Macro focus

The leading party group of the State Administration of Foreign Exchange conveyed, studied and implemented the spirit of the Central Economic work Conference, which stressed the following work next year: promoting the opening of high-level capital accounts. We will focus on promoting high-level two-way opening up of financial markets and improving the management of national treatment plus negative list before direct investment access. We will support regional opening up and innovation and the construction of special areas, and help create a new highland for reform and opening up.

In response to a reporter's question on the US Commerce Department's inclusion of 58 Chinese institutions on the "military end-user list", a spokesman for the Ministry of Commerce said: it seriously violates the principle of fair competition and international economic and trade rules, interferes with normal international economic and trade cooperation, and aggravates foreign investors' concerns about the business environment in the United States. The Chinese side firmly opposes the US move and will take necessary measures to resolutely safeguard the legitimate rights and interests of Chinese enterprises.

[Ministry of Commerce: comprehensively promote consumption and firmly stabilize the basic plate of foreign trade and foreign investment] the party group of the Ministry of Commerce held an enlarged meeting to study and convey the spirit of the Central Economic work Conference. The meeting demanded that we should adhere to the general tone of the work of seeking progress in the midst of stability, be based on the new development stage, implement the new development concept, build a new development pattern, take promoting high-quality development of commerce as the theme, deepening supply-side structural reform as the main line, taking reform and innovation as the fundamental driving force, and for the fundamental purpose of meeting the people's growing needs for a better life, adhere to the systematic concept, consolidate and expand the achievements of epidemic prevention and control and economic and social development. We should better coordinate development and security, solidly do a good job in the work of "six stability", fully implement the task of "six guarantees", comprehensively promote consumption, improve the modern circulation system, resolutely stabilize the basic market of foreign trade and foreign investment, expand a high level of opening up to the outside world, deepen multilateral and bilateral economic and trade cooperation, and ensure that we take the first step in building a new development pattern and see a new atmosphere.

[Liu he will co-chair the fourth meeting of the China-Ukraine Intergovernmental Cooperation Committee with Ukrainian Deputy Prime Minister Stephanixina] Foreign Ministry spokeswoman Wang Wenbin announced that as agreed by both China and Ukraine, Liu he, Chinese chairman of the China-Ukraine Intergovernmental Cooperation Committee, member of the political Bureau of the CPC Central Committee and vice premier of the State Council, will co-chair the fourth meeting of the committee with Ukrainian Deputy Prime Minister Stephanixina on December 23.

World Health Organization (WHO): a new novel coronavirus variant was found through viral gene sequencing in the UK. Preliminary analysis shows that the variant is more likely to spread from person to person, with an estimated 40% increase in infectivity and a 0.4 increase in the transmission index between 1.5 and 1.7. It is recommended that all countries increase the routine sequencing of novel coronavirus where possible and share virus gene sequence data, especially to report whether the same mutated virus has been found.

Agencies rated the final annualised rate of real GDP in the US in the third quarter: the US economy grew at a record pace in the third quarter, driven by more than $3,000bn in bailout funds from the epidemic. However, towards the end of this year, the US economy appears to have lost momentum as the number of COVID-19 cases surged and fiscal stimulus measures dwindled.

[11795 new confirmed cases of COVID-19 in France, a total of more than 2.49 million confirmed cases] according to the data updated on the 22nd of the French government website, the number of confirmed cases of COVID-19 in France increased to 2490946, with an increase of 11795 within 24 hours. Between December 13 and December 19, the percentage of novel coronavirus in France who tested positive dropped to 4.4%. A total of 61702 people died of COVID-19 in France, an increase of 802 over the previous day.

Terminal information

[EU countervailing investigation on Chinese optical cables] on December 21, 2020, the European Commission announced that in response to an application submitted by EU company Europacable on behalf of optical cable manufacturers on November 5, 2020, the European Commission conducted a countervailing investigation on optical cable (Optical Fibre Cables) originating in China. The EU CN (Combined Nomenclature) code of the product in question is ex 8544 7000 (TARIC code is 8544 7000 10). "View details

According to the vehicle export data reported by the China Association of Automobile Manufacturers, from January to November 2020, the top 10 companies in automobile export volume are SAIC, Chery, Changan, Great Wall, Geely, Dongfeng, BAIC, Daqing Volvo, Jianghuai and Sinotruk. Compared with the same period last year, the export volume of Changan, Chery and Geely grew faster, SAIC and Great Wall grew slightly slower, Daqing Volvo declined slightly, and the other four companies still declined significantly. From January to November, the above ten enterprises exported a total of 764000 vehicles, accounting for 89.9% of the total automobile exports.

The annual container throughput of Ningbo Zhoushan Port has reached a new high of over 28 million TEUs. The container throughput of Ningbo Zhoushan Port this year has exceeded 28 million TEUs, a record high. The container transport production of Ningbo Zhoushan Port has increased steadily, and its throughput has been among the top three ports in the world for three consecutive years. At present, there are only three ports in the world with annual container throughput exceeding 28 million TEUs, namely, Shanghai Port, Singapore Port and Ningbo Zhoushan Port.

[the target of adding 120 million kilowatts of new energy in a year is basically set in 2021] on December 22nd, the annual meeting of China Energy Policy Research 2020 and the fourth quarter meeting of "China Electric Power Round Table" was held in Beijing. Some representatives said at the meeting that at present, the National Energy Administration has put forward the goal of "adding a total of 120 million kilowatts of wind and solar power in China in 2021". The news has also been confirmed by relevant sources of the National Energy Administration. This marks that the annual new installation plan of China's new energy industry will exceed 100 million kilowatts for the first time.

[Longji Machinery: the company has become a supplier of high-end new energy models for BYD Automobile and Great Wall Motor] Longji Machinery announcement, recently received notices from Fudi Technology Co., Ltd., a wholly owned subsidiary of BYD Automotive Industry Co., Ltd., and Great Wall Automobile Co., Ltd. The company has been identified as the front brake disc supplier of the high-end version of BYD's new energy model "Han" and the exclusive supplier of the front brake disc of the Great Wall new energy brand "Sharon Zhihang" C30-C01 model. In the 5-year life cycle, the company is expected to accumulate sales of about 70 million yuan and 40 million yuan respectively, and related models are expected to be mass produced in 2021 and 2022, respectively.