"[overnight market] the rebound of the US dollar slows down the price of gold. Us oil has risen continuously, colored, red, fat, green, thin, Shanghai, copper, aluminum and zinc up more than 1%.
"[macro outlook] focus on the number of initial jobless claims in the United States and retail sales data in the euro zone
Yesterday, most of the outer metal market was red, with Lun copper up nearly 1.2%, Lun zinc up 2.5%, Lun aluminum up 0.3%, Lun Ni down 0.7%, Lunxi slightly lower, Len lead up nearly 0.6%. (LME) copper on the London Metal Exchange rebounded on Wednesday after falling for three consecutive days, with some bearish investors covering short positions, in part because concerns about tight liquidity in China, the largest consumer of metals, receded. In the domestic market, international copper and shanghai copper rose nearly 1%, shanghai aluminum rose nearly 1.4%, shanghai lead rose nearly 0.5%, shanghai zinc rose nearly 1.8%, shanghai nickel fell nearly 0.2%, shanghai tin fell nearly 1%.
The rebound in the dollar index slowed on Wednesday, rising 0.08 per cent to 91.111 after rising to a two-month high of 91.30 earlier in the day. The news that US private employment rebounded more than expected in January and service sector activity surged to its highest level in nearly two years also had no impact on the foreign exchange market.
U.S. stocks closed mixed on Wednesday, with the Dow up 36.12 points, or 0.12%, at 30723.60, the Nasdaq down 2.23 points, or 0.02% at 13610.54, and the S & P 500 up 3.86, or 0.10%, at 3830.17.
On Wednesday, the Shanghai Composite Index fell 0.46% to 3517.31 points, with a turnover of 413.731 billion. The Shenzhen Composite Index closed at 15233.15 points, down 0.67%, with a turnover of 539.994 billion. The gem index closed at 3223.77 points, down 0.15%, with a turnover of 185.243 billion. The total turnover of the two cities is 953.726 billion. On the disk, the aquaculture industry, animal vaccines, silicone and other plates led the rise, SMIC, HIT batteries, third-generation semiconductors and other plates led the decline.
LME inventory
Macro focus
The Shanghai Stock Exchange issued guidelines No. 1 on the applicable rules for the examination and approval of Science and Technology Innovation Board's issuance and listing on the Shanghai Stock Exchange-on-site Supervision of sponsor Business, when the issuer withdrew the application for listing or the sponsor withdrew the sponsor, if the project is re-declared within 12 months after the application for listing is withdrawn, on-site supervision will be initiated after the project is submitted for acceptance.
Central bank: on Wednesday, the reverse repurchase operation of 100 billion yuan for seven days was carried out, and 180 billion yuan of reverse repurchase expired on the same day, achieving a net withdrawal of 80 billion yuan.
Executive meeting of the State Council: listen to the relevant domestic work reports on the entry into force of the regional comprehensive economic partnership agreement, requiring the deepening of reform and opening up to promote industrial upgrading; the survival of the fittest of enterprises is a normal phenomenon of the market economy. Speeding up the improvement of supporting policies for enterprises that should be bankrupt, especially small and medium-sized enterprises, and solving the problem of difficult exit is an important measure to optimize the allocation of factors and the business environment.
Li Keqiang presided over an executive meeting of the State Council, which pointed out that the survival of the fittest of enterprises is a normal phenomenon of the market economy. To speed up the improvement of policies and solve the problem that it is difficult for bankrupt enterprises, especially small and medium-sized enterprises, to withdraw is an important measure to optimize the business environment. First, it is necessary to improve the simple cancellation system for small and medium-sized enterprises, so as to make it convenient for small and medium-sized enterprises to exit at the same time. Second, it is necessary to establish a publicity system for the bankruptcy and withdrawal status of enterprises, promptly include bankruptcy and exit information in the enterprise credit information, improve the credit mechanism, and promote fair competition. Third, it is necessary to ensure that bankruptcy procedures are standardized in accordance with the law, improve the administrator system, strengthen managers' responsibility for performing their duties, protect the rights and interests of workers, creditors and investors according to law, and crack down on malicious evasion and cancellation of debts in accordance with the law.
The Shanghai bao: Banking Insurance Regulatory Commission decided to carry out a comprehensive risk investigation on the use of insurance funds, and the relevant investigation notice has been issued to various insurance institutions. The circular requires that insurance institutions should focus on related party transactions, credit risk, alternative investment, asset quality and other key areas in the use of insurance funds, and sort out the various insurance fund application businesses that have occurred since 2018.
Financial blog zero hedging comments on the United States until January 29 week EIA data: last night API data showed that US crude oil stocks fell, crude oil continued to rise today, WTI crude oil futures stood at 56 US dollars per barrel for the first time in a year, Brent crude oil futures also rose more than 2%, today's EIA data confirmed the decline in US crude oil inventories. Gasoline demand is still weak (or affected by stormy weather). According to statistics, the number of people returning to work is still 20% 40% lower than the normal level before the outbreak, which will continue to depress market demand for transport fuel, according to analyst Jade Patterson.
Chris Williamson:, chief economist of the IHS Markit, got off to a strong start to the year in the US manufacturing sector and a marked improvement in the service sector, pushing business activity to its fastest pace in nearly six years in January. The improving data laid the foundation for strong growth in the first quarter, and rising corporate expectations for the coming year suggest that the recovery will gain more momentum as this year progresses. With the news of the vaccine launch and hopes of further stimulus measures, companies are becoming more and more optimistic.
According to CME Fed Watch, the probability of the Fed keeping interest rates in the 0.5% range in March is 100%, and the probability of raising interest rates by 25 basis points to 0.25% is 0%. The probability of keeping interest rates in the 0.5% range in April is 97.9%, and the probability of raising interest rates by 25 basis points is 2.1%. (all consistent with those before the announcement of ADP)
[Baltic dry index fell for the ninth day in a row] the Baltic dry index fell 53 points, or 3.8%, to 1327 on Wednesday, its lowest level since December 21, 2020. the index has fallen for the ninth day in a row. The capesize index fell 8.9 per cent, or 150 points, to 1544, while average daily profit fell $1251 to $12802. The Panamanian shipping index fell 1 point, or 0.1%, to 1623, its lowest level since Jan. 20, and average daily profit fell $11 to $14604. The index of super-convenient ships fell 8 points to 1141, its lowest level in nearly two weeks.
Today's focus
SMM analysis: the final edition of the holiday time of copper downstream processing materials enterprises in 2021 will be released as soon as possible. A total of 37 downstream copper processing enterprises were investigated, involving a total production capacity of 5.29 million tons per year, with a total copper consumption of 119763 tons. Among them, copper processing enterprises involve a total production capacity of 4.23 million tons, affecting copper consumption of 88700 tons, copper processing downstream enterprises involving a total production capacity of 1.06 million tons, affecting copper consumption of 31063 tons. "View details
[SMM analysis: liquidity superimposed "Spring Festival effect" double bearish copper prices in February can usher in a rebound? The pattern of high volatility in copper prices has been broken since late January. after days of correction, the center of gravity of Shanghai copper fell to the range of 57000-58000 yuan / ton, while Lun copper fluctuated around 7800 US dollars / ton. the tightening of the macro liquidity margin and the weakening of fundamental consumption put some pressure on the copper price. "View details
[SMM Analysis: a brief Analysis of the accumulation of Electrolytic Copper in Guangdong after the Spring Festival in 21 years] on February 3, the Beginning of Spring, the land of southern Guangdong was as warm as spring, and the winter trance had passed. Affected by the epidemic, at present, most copper processing enterprises in Guangdong have had a holiday, but a small number of enterprises are still in vigorous production, with practical actions to welcome the arrival of spring. According to the statistics of our SMM Copper Research Group, as of today, the inventory of electrolytic copper in Guangdong is 30500 tons, which is more than 8, 000 tons lower than that of the same period last year. "View details
[aluminum bar spot daily review: when the base price falls, the processing fee rises slightly. The overall transaction is slightly better than yesterday.] at present, the price sent to the South China market is 250-290 yuan / ton, and the self-raised price is 230-270 yuan / ton. The price difference between large and small bars is stable. Brands include Hope, Innovation, Guangzhou Bank, Crescent, Suxi, Kailon, Bochen and so on. At present, aluminum bars have entered the accumulation cycle, at the same time, most downstream aluminum processing enterprises have stopped work for a holiday and received few goods, and the fundamentals were weak and difficult to change a year ago, but the quotation for processing fees in the market has been treated, and the adjustment will not be too big. It is expected that the processing fees of aluminum bars will be stable in the near future. "View details
[SMM survey: a list of Spring Festival holidays in recycled aluminum alloy enterprises and die-casting enterprises in 2021] Aluminum die-casting enterprises are mostly concentrated on February 4, that is, after the 23rd of the twelfth lunar month, and the return to work time is after February 17, that is, after the sixth day of the twelfth lunar month. Some enterprises arrange production in accordance with legal holidays or keep the same holiday time as in previous years. Some enterprises will choose to shorten the holiday time because of the large number of orders and need to step up production, so they will choose to shorten the holiday time. But there are almost no die-casting enterprises that stop production during the Spring Festival. "View details
[SMM: Shanghai lead four falling supply and demand two weak lead prices before the festival] at present, lead is showing a weak market in both supply and demand, and lead prices are weak before the festival. However, the epidemic situation is still a big uncertain factor, if the epidemic aggravates the shortage of lead ore and affects the resumption of primary lead smelters, the supply side may shrink and boost lead prices after the holiday. "View details
[SMM exclusive: celebrating the Spring Festival, electric furnace shutdown and holiday to accelerate progress] according to SMM research, as of February 3, the operating rate of 34 independent EAF steel mills with main building materials in China was 23.94%, down 47.64% from last week. It is expected to continue to decline slightly next week, and the operating rate will increase significantly from the end of February to early March after the festival. "View details
[SMM analysis: holiday and start time of stainless steel trading enterprises in Foshan during the Spring Festival in 2021] according to SMM, as of Wednesday, most stainless steel coil merchants in Foshan have finished their work at the end of the year and entered the Spring Festival holiday one after another. in fact, at the end of January, some steel traders have entered the holiday mode ahead of schedule. The last working day before the Spring Festival SMM learned through market inquiry that the overall market price of cold and hot rolling in South China is less than that in mid-late January, which is affected by the stagnation of logistics and transportation, and the merchants who stick to the holiday before the Spring Festival do not have a more optimistic trading volume, although there are individual purchase inquiries, but the whole is mainly based on February-March futures. "View details
[SMM analysis: 10% increase in domestic tin ore production in 2020 is expected to increase tin mine production in Inner Mongolia in 2021] according to the National Bureau of Statistics, domestic tin ore and concentrate production in December was 8958 tons, an increase of 24.3% from the previous month, a decrease of 4.2% over the same period last year; and the annual output in 2020 was 94463 tons, a cumulative increase of 10.4% over the same period last year. Previous customs data showed that the total import volume of tin mines in 2020 was 158000 tons, calculated at an average grade of 25%, the total amount of imported tin ore metals was about 39536 tons, combined with 94463 tons of domestic ore metals, domestic mines accounted for 70% of the total ore supply in 2020, and imported mines accounted for 30% of the total. "View details
SMM analysis: the short market of silver price ends? The future trend is still bullish] on February 3, the Shanghai Bank fell sharply, with the main contract plummeting 6.05% to 5590 yuan / ton. The main force of Shanghai silver rose sharply after retail investors on the US retail Reddit forum called for "the biggest silver drive in history", hitting as high as 6085 yuan / kg yesterday, the highest since September 2020. "View details
[KuaiBao from SMM magnesium ingot spot] on Feb. 3, the mainstream price of 999 magnesium ingot factory in Fugu area was 14000-14100 yuan / ton, and the mainstream ex-factory price of 95B magnesium ingot was 14350-14550 yuan / ton. Wenxi area mainstream transaction price 14400-14600 yuan / ton; 95B magnesium ingot mainstream transaction price 14850-15000 yuan / ton. "View details
[SMM analysis: domestic prebaked anode production declined in January and the price of prebaked anode rose eight times in a row] according to SMM statistics, the total domestic prebaked anode output in January was about 1.68 million tons, with an average industry operating rate of about 74.8%, of which the commercial prebaked anode output in January was about 893900 tons, with an operating rate of about 74.1%. The output of supporting anodes in January was about 786300 tons, with an operating rate of about 75.7%. The start-up of domestic pre-baked anode in January was lower than that in December, mainly because the prebaked anode enterprises in Hebei Province were basically in the state of furnace in late January due to the influence of the epidemic situation. "View details
[SMM brief comment: South Korea continues to levy anti-dumping duties on H-beam from 28.23% to 32.72%] SMM understands that South Korea continues to impose anti-dumping duties on H-beam products from China, mainly due to South Korea's protection measures for its own H-beam domestic and export sales. according to statistics from the Korea Iron and Steel Association, in the first half of 2020, South Korea's domestic sales of H-beam reached 1138465 tons. Domestic sales rose slightly by 1.3% from 1124301 tons in the first half of 2019, another peak in about 12 years after the first half of 2008 (1233000 tons). However, since the first quarter of 2020, in addition to being affected by the COVID-19 epidemic, weak prices in overseas steel markets have also restricted South Korea's H-beam exports to a certain extent. "View details
[SMM: Hangzhou gradually closed thread inventory continued to climb] this week Hangzhou thread inventory 674000 tons, month-on-month + 150000 tons, an increase of 28.63%; lunar calendar year-on-year + 185000 tons, an increase of 37.83%. Approaching the Spring Festival, Hangzhou has gradually entered a state of closure, and inventory has accumulated rapidly. "View details
[January 27-February 3 Guangzhou building materials social inventory accelerated accumulation ratio + 19.28% thread inventory + 15.18%] at present, Guangzhou market merchants have left the market one after another, and terminal demand has almost stagnated. However, the arrival of Northwood continues-this week, the total inventory of building materials in Guangzhou is 1.4261 million tons, an increase of 230500 tons (19.28%) compared with the previous year, and + 24.54% compared with the same period last year. Among them, thread inventory was 936100 tons, an increase of 233400 tons (15.18%) compared with the same period last year, + 16.2% compared with the same period last year; reel inventory was 490000 tons, an increase of 107100 tons (27.97%) over the previous year, and + 44.3% compared with the same period last year.
[SMM Daily Review: rare earth products offer stable market transactions] February 3, rare earth products quoted prices stable, few transactions in the market, mid-and downstream enterprises to prepare goods before the festival tends to calm, the market is also relatively calm.
[iron ore market daily summary review] February 3, even iron narrow shock, the port spot market early quotation lower than yesterday 20-25 yuan / ton. Some steel enterprises in Tangshan area mainly purchase on demand, which is a little weaker than the market transaction atmosphere in Shandong area. Today, the turnover of PB powder in Shandong area is 1055-1060 yuan / ton, which is 10-15 yuan / ton lower than that of yesterday. As the replenishment of steel companies comes to an end before the Spring Festival, market transactions are expected to continue to weaken and price fluctuations narrow. "View details
[SMM Silver spot Trading Daily] on February 3, the spot price of silver in the Shanghai stock market fell sharply. The price of the supply of goods in the spot transaction corresponded to the discount for the deferred contract of the Shanghai Gold Exchange, which did not change much. Some of the spot prices of the national standard corresponded to the discount of 3-5 yuan / kg for the deferred contract of the Shanghai Gold Exchange. Some of the spot transaction prices of large factories that can make warehouse receipts correspond to the discount of 1-2 yuan / kg for Tender deferred contracts on the Shanghai Gold Exchange.
[polysilicon Weekly Review-Polysilicon prices continue to rise] the market price of polysilicon continued to rise this week, of which the transaction prices of re-input materials, single crystal densifier and single crystal cauliflower all increased by about 2%, and the prices of polycrystalline materials also increased significantly. The number of enterprises with new orders signed this week accounted for 75% of the number of domestic enterprises in production, accounting for 80%. The remaining 20% or so of enterprises suspended signing orders because they did not have any margin. "View details
Important news of metals and industry
[Freeport: copper and gold production growth in the fourth quarter of 2020 is expected to continue in 2021] recently, Freeport McMoRan reported quarterly profit, slightly higher than analysts' expectations for copper and gold production and prices to rise. Executives expect continued growth in 2021. Freeport copper production rose to 864 million pounds in the fourth quarter, up 4.5% from 827 million pounds in the same period last year, while gold production climbed to 273000 ounces. An increase of 22.4% over 223000 ounces in the same period last year. "View details
[Anglo American: copper production increased by 8% year on year in the fourth quarter of 2020. Production guidance remains unchanged in 2021] Copper production in the fourth quarter of 2020 increased by 6% year-on-year to 167800 tons, with sales of 648500 tons in 2020, and production guidance remained unchanged in 2021, 640000-680000 tons. "View details
(output of several Chilean copper companies fell in December and production increased year-on-year in 2020) it was recently reported that metal production by Chile's national copper giant Codelco fell in December, while production from other top mines in Chile also fell. The monthly output of Codelco, the world's largest copper miner, fell 16 per cent year-on-year to 157800 tonnes, and its total production in 2020 was 1.2 per cent higher than the previous year, according to the National Copper Commission Cochilco. "View details
[Rambler Mining: plans to produce 6600-7400 tons of copper 1700-2200 ounces of gold in 2021], Rambler Metals and Mining said recently that its production guidelines for 2021 are 6600 to 7400 tons of copper and 1700 to 2200 ounces of gold. "View details
According to recent reports, a Zambian court rejected a motion by Vedanta Resources on Monday to prevent a state-designated provisional liquidator from breaking up its Konkola copper mine's (KCM) division and selling assets. [Vedanta's attempt to prevent the spin-off of the Konkola copper business was refuted by a Zambian court]. The ruling is a blow to Vedanta Mining, which said it would continue to oppose any efforts by Zambia to sell KCM to a third party. "View details
[the United States removes aluminum tariffs on the United Arab Emirates] on January 20, former US President Donald Trump announced on his last day in office that the 10 per cent tariff imposed on most aluminum products in the United Arab Emirates since 2018 had been lifted, saying that the two countries had reached an agreement on aluminum import quotas. It is reported that the United States has been exempted from aluminum tariffs in Argentina, Australia, Canada and Mexico.
[December 2020 aluminum smelting industry climate index is 46.1] in December 2020, China's aluminum smelting industry climate index was 46.1, up 2.4 points from the previous month, and the leading composite index was 85.3, up 2.2 points from the previous month. The monitoring results of the model show that in November, the industrial climate index continued to pick up in the "normal" range, coupled with the continuous rise of the leading composite index, the industry boom showed an upward trend.
[Guizhou prohibits illegal new capacity projects in industries such as electrolytic aluminum] A few days ago, the Guizhou Provincial Development and Reform Commission issued the "detailed rules for the implementation of the negative list of the Development of the Yangtze River Economic Belt in Guizhou Province" (draft for soliciting opinions). The detailed rules point out that illegal new capacity projects in the steel, electrolytic aluminum, cement and flat glass industries are prohibited. "View details
[New Century zinc production fell 3.57 per cent from a year earlier], New Century Resources said recently that zinc metal production in the fourth quarter was 32400 tons, down 3.57 per cent from a year earlier, mainly due to reduced business hours and unstable operations caused by heavy rainy season rains and continuous power outages during the transition period of the Issa Mica Creek power plant. After 60 years of operation, it will be permanently closed by the end of 2020. "View details
[Alphamin's fourth-quarter tin production increased by 13% from the previous quarter to 2898 tons] it was reported recently that, Alphamin Resources released its fourth-quarter results, tin production reached a record 2898 tons, an increase of 13% over the previous quarter. Drilling has begun for the nearby Mpama South deposit. The construction of the refined tin recovery plant has been completed by 70%. Abnormal seasonal rainfall led to logistics restrictions, which had a negative impact on quarterly sales (down 14% from the previous quarter). "View details
Recently, Bacanora announced that Ganfeng Lithium signed a joint venture agreement with its Sonora project in Mexico to increase its stake in the Sonora project from 22.5% to 50%. The Sonora project is expected to be put into production in 2023, with an annual production capacity of 35000 tons of LCE, project resources of 8.7 million tons of LCE.
[Poly Xiexin Global granular Silicon (FBR) 10,000-ton production capacity] on the morning of February 3 (Wednesday), Poly Xiexin officially announced to the world via online live broadcast that the annual effective production capacity of Jiangsu Zhongneng Silicon Technology Development Co., Ltd., which is the main body of granular silicon (FBR), has increased from 6000 tons to 10000 tons, officially entering the 10,000-ton capacity scale. Add another scientific and technological innovation matrix to the field of green photovoltaic raw materials in China. "View details
[Poly Xiexin signed a long order of 441400 tons with two leading enterprises in Central and Longji] on the evening of February 2, Poly Xiexin (3800.HK) and strategic partners Longji Co., Ltd. and Central Semiconductor respectively issued procurement agreement announcements, involving a total of 441400 tons of polysilicon products. The notice pointed out that the signing of the polysilicon procurement agreement has strongly promoted the wide application of granular silicon products and the rapid improvement of the market rate. At the same time, the signing of this batch of purchase orders also demonstrates Poly Xiexin's firm confidence in focusing on the main silicon industry and its determination to join hands with the industry to get online at a low price for photovoltaic power generation. "View details
[Baotou rare Earth products Exchange: announcement on abnormal entry into the Agreement Trading Market] in view of the strategy and policy adjustment direction reflected in the provisions of the rare Earth Management regulations (draft for soliciting opinions) of the Ministry of Industry and Information Technology, major adjustments will take place in the regulatory policy and trade environment of the rare earth industry, coupled with the impact of the novel coronavirus epidemic and the approaching Spring Festival, there have been changes in the rare earth sector in the capital market and abnormal spot trading of rare earth products. In accordance with the national requirements for the rectification and reform of the rare earth industry and the guidance of the government, in order to avoid major market risks, we announced that the agreement trading market has entered an abnormal situation and decided to suspend the agreement market trading. "View details
[national railway freight volume hit an all-time high in January strong growth in thermal coal transport volume] in January, the national railway freight volume reached another all-time high, with freight delivery volume reaching 324 million tons, an increase of 34.1 million tons over the same period last year, an increase of 11.8 percent. The average daily loading was 173000 vehicles, an increase of 19400 vehicles over the same period last year, an increase of 12.7 percent. Among them, the transport volume of thermal coal grew strongly, with a completed transport volume of 120 million tons, an increase of 23% over the same period last year.
[silver] Jiasheng Group announced that due to recent market fluctuations, it will raise the margin requirements for silver products, raising the silver margin ratio from 1% to 15%.
[Brazilian crude steel production reached 2.9 million tons in December up 17.2% from a year earlier] according to the Brazilian Iron and Steel Institute IABr, Brazilian crude steel production rose 17.2% in December from a year earlier to 2.9 million tons. Domestic steel sales rose 28 per cent in December from a year earlier to 1.8 million tons. The apparent steel consumption in that month reached 2 million tons, an increase of 30.2% over the same period last year. In December, Brazilian steel exports totaled 766000 tons, down 24.1 percent from a year earlier, while exports fell 13.5 percent to US $434 million. Steel imports in December reached 204000 metric tons, up 53 percent from a year earlier, valued at $205 million, up 38.5 percent from a year earlier.
[medium nuclear titanium dioxide: plans to invest 12.1 billion yuan to invest 500000 tons of lithium iron phosphate project and more than 3.9 billion yuan to invest in tri-titanium dioxide project] medium nuclear titanium dioxide announcement, the company intends to take Gansu Dongfang Titanium Industry Co., Ltd., a wholly-owned subsidiary, as the main investment to build an annual lithium iron phosphate project with an annual production capacity of 500000 tons, with a total investment of 12.1 billion yuan. The construction will be divided into three phases, with 100000 tons in the first phase, 200000 tons in the second phase and 200000 tons in the third phase, mainly for the construction of lithium iron phosphate production line and supporting facilities. It is proposed to take Gansu Dongfang Titanium Industry Co., Ltd., a wholly-owned subsidiary, as the main investment to build a recycling titanium dioxide deep processing project, with a total investment of 979 million yuan.
Terminal information
[FAW set an annual sales target of 4 million vehicles Red Flag Challenge 400000] data show that last year, all indicators of China's FAW grew better than the market, with sales of 3.706 million vehicles for the whole year. In China's auto environment with negative growth of 2%, it achieved a positive growth of 7.1% compared with the same period last year, outperforming the market by nearly 10 percentage points, and its market share reached 14.6%, an increase of 1.2 percentage points over the same period last year. While sales increased, China FAW's operating revenue and profits both increased by Synchronize, achieving an operating income of 696 billion yuan, an increase of 12.7 percent over the same period last year.
[photovoltaic] Wang Bohua, vice chairman and secretary-general of China Photovoltaic Industry Association: in 2020, the domestic installed capacity increased by 60% compared with the same period last year, and the installed capacity will be so high that the industry did not expect it. It is expected that the scale of the global photovoltaic market will accelerate this year, with a total of 150 to 170 gigawatts of new installed capacity, and a new high overseas scale. He expects the domestic installed capacity to reach 55 to 65 gigawatts this year, and the average annual installed capacity during the 14th five-year Plan period is expected to reach 70 to 90 gigawatts.
[Germany will usher in one of the largest IPO in history: Daimler will spin off its heavy truck business and list in Frankfurt.] Daimler said it plans to implement a major divestiture plan, possibly at the end of the third quarter, to list "Daimler trucks" on the main board of the Frankfurt Stock Exchange. Daimler's truck business will be eligible for inclusion in Germany's DAX index. The transition and listing are expected to be completed by the end of 2021. Create an innovation fund of 1.5 billion euros for Daimler trucks. Daimler intends to change its name to Mercedes-Benz.
[Yiwei LiNeng: wholly-owned Sun Company invests in the establishment of a wholly-owned subsidiary Huizhou Yiwei Power] the board of directors agrees with the company's wholly-owned grandson company Yiwei Power Hong Kong Co., Ltd. to invest in the establishment of a wholly-owned subsidiary Huizhou Yiwei Power Battery Co., Ltd., with a registered capital of US $128 million. After the completion of this investment, YWD Hong Kong will hold a 100% stake in Huizhou YWD. This move will further expand the production scale of the company's power battery and further optimize the layout of the company's new energy vehicle power battery products, so as to improve the company's overall core competitiveness and play a positive role in the development of the company.
[Tesla Shanghai Super charging pile Factory put into production] on February 3, Tesla Shanghai Super charging pile Factory was officially completed and put into production, less than half a year from the formal establishment of the project in August 2020 to the formal commissioning. It mainly produces the third generation super charging pile (V3). The project has an investment of about 42 million yuan, covers an area of nearly 5000 square meters, integrates R & D and production, and has an initial planned annual production capacity of 10000 super charging piles.
[Yunnan Neng Tou: plans to build Honghe Prefecture and Qujing City 1570MW new wind power planning project] Yunnan Neng Investment Group Co., Ltd. won the bid for Honghe Yongning Wind Farm, Qujing City Admiralty Wind Farm and Tongquan Wind Farm with a total planned installed capacity of 1570MW. A few days ago, the company received a notice from Neng Investment Group, and it was decided that the company and its subordinate companies would carry out the development tasks of the above-mentioned wind power projects.
[Zhongli Group: expansion and commissioning of photovoltaic project of wholly-owned Sun Company] Zhongli Group announced on the evening of February 3 that Teng Hui Technology (Thailand) Co., Ltd., a wholly-owned grandson company, invested in expanding the production of high-efficiency photovoltaic cells and large-scale modules. At the same time, the first phase of the 5GW large-size and high-efficiency photovoltaic module project built by Shandong Teng Hui New Energy Technology Co., Ltd. in Linzi Economic Development Zone, Zibo City, Shandong Province, has been launched recently.
