[SMM Metal Morning ginseng] Metal General falls and Shanghai Aluminum ends six consecutive gains | double control code industrial silicon production is reduced again.

SMM Morning Review

SMM Steel Morning meeting minutes: yesterday even iron shock down, the main contract intraday hit a low of 696 this year; port spot market early quotation lower than last Friday about 5 yuan / ton. Intraday merchants gradually lowered their quotations, and there are also individual merchants who have a negative mentality of selling and do not offer for the time being. Steel mills mainly purchase rigid demand, and some accept low-price transactions.

"Iron ore prices continue to fluctuate weakly in the black system [minutes of SMM Steel Morning meeting]

"Click to view the price of SMM steel products

The market closed overnight.

House Democrats unveiled a package of tax increases on Monday, but not as much as Joe Biden had planned, highlighting how politically uncertain the White House's $3.5 trillion economic agenda is for moderates in the party. Us consumer inflation expectations for the next year and the next three years rose in August to their highest level since records began in 2013, according to a survey released by the New York Fed on Monday. The dollar strengthened on Monday as investors turned their attention to US inflation data, waiting for a signal of the Fed's next move.

Specifically, Shanghai copper gave up some of its gains after three consecutive days of sharp gains. LME inventories increased by 6400 tons yesterday, with increases concentrated in Rotterdam and Hamburg warehouses.

Shanghai aluminum ended six consecutive gains, the night market sharp diving down nearly 3%, Lun aluminum fell better than the inner market, but still fell 1.23%. Separately, (LME) aluminium on the London Metal Exchange hit $3000 a tonne on Monday for the first time since 2008, as production restrictions in China, the world's largest aluminium producer, heightened fears of supply shortages.

[overnight market] the strong US dollar and metals have fallen one after another. International oil prices rose to a six-week high.

U. S. stocks closed mixed on Monday, with the Nasdaq closing down for the fourth day in a row. The Dow and the S & P 500 rebounded slightly after falling for five consecutive days. The market is concerned about the epidemic in the United States and the tax increases to be proposed by the Democratic Party, as well as the inflation data to be released this week. The Dow rose 261.91 points, or 0.76%, to 34869.63; the Nasdaq fell 9.91 points, or 0.07%, to 15105.58; and the S & P 500 rose 10.15 points, or 0.23%, to 4468.73.

In terms of crude oil, international oil prices rose to a six-week high on Monday as U.S. oil production recovered slowly two weeks after Hurricane Ida hit the Gulf Coast and fears that another storm this week could affect Texas oil production. Bad weather may be about to cause further damage, and the National Hurricane Center expects Tropical Storm Nicholas to hit along the southern coast of Texas on Monday and make landfall near Corpus Christi later tonight. Royal Dutch Shell began evacuating workers from an oil platform in the Gulf of Mexico on Monday, as other companies began preparing for hurricane-level winds from the second storm in the Gulf of Mexico in weeks.

In precious metals, COMEX gold futures rose on Monday as the US releases key economic data, including inflation, that could determine the direction of the Fed's monetary policy.

Today's macro aspect focuses on the annual rate of CPI in August in the United States, as well as the monthly crude oil market report released by IEA.

"[macro outlook] Today, focus on the annual rate of CPI in the United States in August.

LME inventory

Today's focus

[SMM mainstream copper inventory weekly data] as of Monday, September 13, SMM national mainstream copper market inventory decreased by 3700 tons to 123200 tons compared with last Friday. The inventory of electrolytic copper across the country went to the warehouse slightly at the weekend, although recently imported copper was cleared to China, but it was quickly digested downstream and was not reflected in the warehouse. And we expect that with the arrival of Mid-Autumn Festival short holiday downstream replenishment demand, in the context of no significant increase in copper imports, stocks are expected to fluctuate lower this week. "View details

"Click to view the price of SMM copper industry chain products.

[SMM data] on Sept. 13, SMM counted domestic electrolytic aluminum social inventory of 771000 tons, up 20000 tons from the previous week. Wuxi, Nanhai and Gongyi, the three major consumer places, all showed accumulated storage, mainly due to high fluctuations in aluminum prices last week. At the same time, imports of aluminum ingots and aluminum ingots from the northwest region arrived in Wuxi and Nanhai. "View details

"Click to view the price of SMM aluminum industry chain products.

According to SMM, as of Friday, the total inventory of lead ingots in the five places reached 214800 tons, up 4100 tons from last Friday, and 7100 tons more than Monday. [SMM research: follow-up attention on the rise of lead ingots in the lower reaches before the Mid-Autumn Festival] according to SMM, as of Friday, the total inventory of lead ingots in the five places reached 214800 tons, up 4100 tons from last Friday and 7100 tons from Monday. "View details

"Click to view the price of SMM lead industry chain products.

[SMM data] according to SMM, as of Monday, SMM's total zinc ingot inventory was 123000 tons, up 3400 tons from last Friday and 900tons from last Monday. "View details

"Click to view the price of SMM zinc products

[Indonesian Ministry of Energy and Mines August Nickel domestic Trade benchmark Price-estimate] Indonesian Ministry of Energy and Mines September nickel mine domestic trade benchmark price estimate, NI1.7% FOB US $41.21 / wet ton; NI1.8% FOB US $46.06 / wet ton; NI1.9% FOB US $51.18 / wet ton, NI2.0% FOB56.56 USD / wet ton, up 4.75% from the month-on-month release value in July. "View details

"View details

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[SMM Coke Market News: an electromechanical accident occurred in Guoneng Shendong Coal Buertai Coal Mine] on September 4, 2021, an mechanical and electrical accident occurred in Guoneng Shendong Coal Buertai Coal Mine, killing one person. "View details

[SMM data: China's output of ternary materials in August 2021] the output of ternary materials in China was about 38356 tons in August 2021, an increase of 11% from the previous month and 93.3% over the same period last year. On the supply side, the new production capacity of some ternary material enterprises has been gradually released recently, but due to the impact of power cuts in summer, the production capacity of some material enterprises is limited, and the overall output is still increasing. On the demand side, the inventory of high-nickel ternary materials in head battery enterprises is higher and the increment of future high-nickel models is lower, and the willingness to purchase high-nickel materials is weakened. "View details

"Click to view the price of SMM new energy industry chain products.

SMM analysis: the supply of heavy rare earth oxides continues to shrink to meet the rising price tide! According to SMM, China's praseodymium and neodymium oxide production fell 4 per cent month-on-month to 5721 tons in August 2021. On the overseas supply side, with the outbreak of civil war in Myanmar and increased expectations of tighter supply of rare earth mines, the risk of production cuts by separation companies using Burmese mines in the south has increased. This week, the order volume of terbium oxide and dysprosium oxide increased significantly. As of Friday, the mainstream turnover of terbium oxide was 80-8.1 million yuan / ton, while some shippers reported that it was 80-8.5 million yuan / ton. "View details

"Click to view the price of SMM rare earth industry chain products.

SMM Analysis of Longyu Molybdenum Mine bidding at the starting price molybdenum market is likely to pick up in the future? According to SMM analysis, in September, due to the influence of the national production restriction policy, the bidding volume of steel mills decreased significantly than before, and the market transaction weakened, and the domestic molybdenum price immediately fell, while under the influence of the mentality of "buying up but not buying down", some steel mills with demand for ferromolybdenum also intended to postpone the purchase time, aggravating the market decline, and the domestic molybdenum market was "not prosperous in peak season". SMM believes that although domestic molybdenum prices are not likely to pick up in the short term, under the support of favorable factors such as no obvious reduction in production of high-quality steel in domestic steel mills, Luomo molybdenum, Ruihua overhaul and other favorable factors, domestic molybdenum prices are still likely to rise in late September. "View details

Yunnan energy consumption double control code industrial silicon production reduction scale of 90%! According to the documents of the Yunnan Provincial Development and Reform Commission on September 11, the average monthly output of industrial silicon enterprises in Yunnan Province from September to December is no more than 10% of the output in August (that is, the output is cut by 90%). According to SMM statistics, Yunnan's industrial silicon output in August was 71000 tons. According to the spirit of the document, Yunnan's average monthly industrial silicon output from September to December was only 7000 tons, and the maximum output from September to December was 29000 tons, down 89% from the same period last year. "View details

[inner Mongolia: promoting the rectification and reform of the "two high" illegal projects with the efforts of the "Siqing" recently, the Inner Mongolia Autonomous region resolutely curbed the blind development of the "two high" projects, the Inter-departmental Joint Conference Office formulated and issued the "zero clearance" action plan for the rectification and reform of the "two high" illegal projects, highlighting problem orientation, goal orientation, and effect orientation, higher standards, stricter requirements and more stringent measures to vigorously promote the rectification and implementation of the "two high" illegal projects. With zero-clearing tasks, zero-clearing principles, zero-clearing requirements, and zero-clearing steps, the rectification and reform efforts of "Siqing" will achieve the goal of "zero-clearing" by the end of 2021, laying a solid foundation for a good calculation of the "stock account" of freeing up energy space in the whole region. "View details

[the second round of the fourth batch of central eco-environmental protection inspectors have all been stationed] on the afternoon of August 31, the Hubei Provincial Mobilization meeting of the third Central Ecological Environmental Protection Supervision team was held in Wuhan. So far, the second round of the fourth batch of seven central eco-environmental protection inspection teams have all achieved the arrival of inspectors. "View details

[SMM antimony industry report: Zhayuxi Mine temporary suspension of raw materials shortage continues] according to SMM learned from relevant sources, Chenzhou Mining Zhaoxi Mine recently faced with a temporary suspension of mining, and recently Chenzhou Mining said frankly that the high price out of hundreds of tons of antimony ingots, the current slag mine shutdown, can only stop quotation. There is no schedule when the slag mine can start work, and the relevant departments in all aspects of environmental protection do not have the right to make decisions, and the time to resume work is a long way off. "View details

"Click to view the spot quotation of SMM small Metals.

Important news of metals and industry

Under the influence of Typhoon No. 14 "Candu", Shanghai's major wharves have suspended luggage operations one after another. Shengdong, Guandong and Shangdong Wharf in Yangshan Port area plan to suspend empty box operation from 19:00 on September 12, 2021, all incoming box business from 00:00 on September 13, 2021, and cancel the berthing plan for all incoming ships.

[Tongling Nonferrous: recently, the market prices of cathode copper and sulfuric acid in the company's main products have increased greatly] Tongling Nonferrous has issued a change announcement, and the company's current production and operation is normal. Recently, the market prices of cathode copper and sulfuric acid in the company's main products have increased greatly. In addition, Anhui Tongguan Copper foil Group Co., Ltd., a holding subsidiary of the company, is in the process of making an initial public offering and applying for listing on the gem.

[Jiangxi Copper shares: conditions permit will continue to promote the construction of Ainak Copper Mine in Afghanistan] Jiangxi Copper said at today's company's performance presentation that because the situation in Afghanistan is still unstable, the Afghan Ainak Copper Mine invested by the company has not yet been substantially built. Ainak Copper Mine is a joint investment between the company and MCC, accounting for 25% of the company. The company and MCC have been paying close attention to the situation in Afghanistan, once conditions permit. The company will coordinate with MCC to promote the project.

[BHP Billiton's Cerro Colorado copper mine wage agreement removes the risk of strike] the company said in a statement on Saturday that after five days of government-led mediation, the union of Chile's Cerro Colorado copper mine reached a collective contract agreement with mine operator BHP. BHP Billiton said the agreement with first Alliance was valid for 36 months, including a series of improvements to previous contracts.

[medium Color Daye] quickly implement the rectification and reform requirements of the central environmental protection inspector, control and eliminate the hidden dangers of safety and environmental protection risks in the Fengshan copper tailings reservoir on September 6, the central ecological environment inspector informed the Fengshan copper mine tailings reservoir and other typical cases. The party committee of China Color Daye accepted all the cases according to the order, profoundly learned lessons, quickly implemented the "prescription" prescribed by the central environmental protection inspector for the "medical record", and resolutely controlled and eliminated the hidden dangers of environmental protection in the Fengshan copper tailings reservoir. Using cases to promote the treatment of "already sick" is not only the action and attitude of nearly 10,000 employees of China Color Daye to face problems without evasion, concealment, or evasion, and resolutely implement rectification and reform, but also the fundamental guarantee for enterprises to realize Phoenix Nirvana and rebirth in the fire, and the fundamental guarantee for sustainable and healthy development. Under the strong leadership of the party committee of China Nonferrous Group, China Color Daye will further improve its political position, deeply study and implement Xi Jinping's thinking on ecological civilization, strengthen responsibility, keep a close eye on targets and tasks, and resolutely win the battle to renovate the ecological environment.

Tianshan Aluminum: in recent years, by constantly improving the upstream and downstream integrated industrial chain, the company has a better ability to resist the fluctuation of raw material prices, and the recent increase in aluminum prices is significantly greater than that of raw materials.

Huayou Cobalt Industry: the company's cobalt products are mainly cobalt tetroxide, cobalt sulfate and so on. At present, the production and marketing of the company's cobalt products are prosperous, and the inventory is at a normal level. The follow-up company will flexibly adjust inventory and production according to changes in market demand.

[long-term Lithium Science: plans to invest 3.339 billion yuan in the second phase project of expanding the production of automotive lithium battery cathode materials] Science and Technology Innovation Board Daily on the 13th, long-term Lithium Science announcement, the company's wholly-owned subsidiary Hunan long-term Lithium New Energy Co., Ltd. plans to invest in the second phase project of expanding the production of automotive lithium battery cathode materials, building a production line of 40, 000 tons / year cathode materials, with a total investment of about 3.339 billion yuan. The project is scheduled to start construction at the end of January 2022 and put into production in October 2023 with a construction period of 20 months.

[the price of lithium carbonate approaches the supply and demand of lithium hydroxide or enters the "white-hot" stage] according to the spot quotation of SMM metal, as of September 13, the quotation of domestic battery-grade lithium carbonate has reached 139000,142,000 yuan / ton, with an average price of 140500 yuan / ton, which is the same as that of battery-grade lithium hydroxide. Considering that the price of lithium carbonate is much lower than that of lithium hydroxide, it is not difficult to see that the price of lithium carbonate has risen rapidly recently.

[the production capacity of Anning headquarters of Kunming Iron and Steel Co., Ltd. will be withdrawn on September 28] the production line of Anning main production line of Kunming Iron and Steel Co., Ltd. will stop production on September 28, gloriously completing its glorious historical mission of nearly 80 years! It is understood that after the withdrawal of the production capacity of Anning headquarters, the relevant production capacity will be transferred to the new production line of Caopu New area, which is expected to be put into production in December 2021. After the suspension of production at Anning headquarters of Kunming Iron and Steel Co., Ltd., the average daily impact volume from September 28 to November is expected to be about 4200 tons.

[Yunnan Provincial Development and Reform Commission issued a work plan for double control of energy consumption] on September 11, the Yunnan Provincial Development and Reform Commission issued a work plan for double control of energy consumption, which requires the iron and steel industry on the basis of ensuring the completion of the target task of reducing crude steel production in 2021, adjust the production time sequence of the province's iron and steel enterprises, and adjust the scheduled output in September 2021 (the adjustment ratio shall not be less than 30% of the monthly assessment target task) to November production. Affected by this, it is expected that the reduction of crude steel production in Yunnan Province in September may exceed expectations. According to the statistics bureau, Yunnan's crude steel output from January to July this year increased by 2.79 million tons over the same period last year, an increase of 22.8%. If we ensure that there is no year-on-year increase in 2021, the maximum daily output in August-13 will be about 48680 tons, which is 71560 tons less than the average daily output from January to July, and a reduction of 22880 tons. The recent double control policy of energy consumption has had a significant impact on the production of iron and steel enterprises in many provinces in China. According to SMM, The energy consumption intensity of 9 provinces (regions) in Qinghai, Ningxia, Guangxi, Guangdong, Fujian, Xinjiang, Yunnan, Shaanxi and Jiangsu rose instead of decreasing in the first half of the year, which is a first-level early warning. Energy consumption control in relevant areas may be strengthened in September, and SMM will continue to track the production of steel mills in relevant areas.

[coal medium-and long-term contracts will achieve full coverage of coal for power generation and heating] recently, the General Office of the National Development and Reform Commission issued a notice to various localities and relevant enterprises to make arrangements for the full coverage of medium-and long-term coal contracts for power generation and heating enterprises. It is required to promote the direct protection and full coverage of medium-and long-term coal contracts for power generation and heating enterprises, ensure the needs of coal for power generation and heating, and keep the bottom line of coal for people's livelihood; On the basis of the medium-and long-term contracts that have been signed this year, power generation and heating enterprises and coal enterprises have signed a number of medium-and long-term contracts to increase the proportion of medium-and long-term contracts in annual coal consumption to 100%.

[all 19 people trapped in the roof fall accident of Chaidar Coal Mine in Qinghai Province were killed.] according to the rescue scene of the "August 14" roof fall accident at Chaidar Coal Mine, Gangcha County, Haibei Prefecture, Qinghai Province, as of the early morning of September 13, the rescue work of the accident was basically completed, and all 19 trapped people were searched and found with no vital signs. At 12:10 on August 14, a roof fall accident occurred at 3690 fully mechanized mining face in Chaidar Coal Mine, Qinghai Province. at the time of the accident, a total of 21 people in the working face escaped. One person was killed and 19 people were trapped on the spot.

Yunnan energy consumption double control code industrial silicon production reduction scale of 90%! According to the documents of the Yunnan Provincial Development and Reform Commission on September 11, the average monthly output of industrial silicon enterprises in Yunnan Province from September to December is no more than 10% of the output in August (that is, the output is cut by 90%). According to SMM statistics, Yunnan's industrial silicon output in August was 71000 tons. According to the spirit of the document, Yunnan's average monthly industrial silicon output from September to December was only 7000 tons, and the maximum output from September to December was 29000 tons, down 89% from the same period last year.

[Longbai Group: increase the prices of titanium dioxide and scandium products] Longbai Group (002601) announced at noon on September 13 that from now on, the selling prices of various models of titanium dioxide in the company will be increased by 700 yuan / ton to domestic customers on the basis of the original price. an increase of US $100 / ton to international customers. The tax price of crude scandium oxide, a holding subsidiary, is raised by 200 yuan / kg to domestic customers and $30 / kg to international customers; the tax price of high-purity scandium oxide is raised by 330yuan / kg to domestic customers and $50kg / kg to international customers; the tax price of scandium metal is raised by 1500 yuan / kg to domestic customers and $230kg / kg to international customers.

[Luoyang Molybdenum Industry] MSCI ESG rating of Luoyang Molybdenum Industry has been upgraded to the forefront of the world according to the latest report released in August 2021 according to Morgan Stanley ESG rating, the ESG performance of Luoyang Molybdenum Industry has been upgraded from BBB to A, which leads the ESG ranking of the domestic mining industry with its international counterparts Rio Tinto, BHP Billiton and Anglo American Resources. This time, MSCI will improve the rating of Luoyang Molybdenum Industry, mainly due to the company's environmental performance. At present, all of the company's mining areas are certified by ISO14001 environmental management system every year. According to the Environmental, Social and Governance report of Luoyang Molybdenum Industry, the proportion of recycled water utilization of the company has reached 82% of the total water consumption in 2020, and all mining areas use recycled water, which greatly reduces the impact of business on local water resources. In addition, the company has introduced international good practices in the fields of biodiversity protection and waste discharge.

[plant hard to carry out energy conservation and carbon reduction work to help achieve carbon peak carbon neutralization] China strives to achieve carbon peak by 2030 and carbon neutralization by 2060, which is a major strategic decision made by the CPC Central Committee with Comrade Xi Jinping at the core after careful consideration. Zhuzhou cemented Carbide Group Co., Ltd. (hereinafter referred to as "Plant hard" or "Company"), a subsidiary of China Tungsten High-tech, has made early planning and layout in the construction of green manufacturing system and the high-quality development of enterprise transformation and upgrading, and achieved remarkable results. During the 13th five-year Plan period, the company actively promoted green and low-carbon clean production, carried out carbon verification for five consecutive years, and closely followed the trend of corporate carbon emissions. Through the key implementation of the steam energy-saving transformation project, the total energy consumption of the company has been reduced by at least 1100 tons of standard coal, the total energy consumption has been reduced by nearly 5 percent, and carbon dioxide emissions have been reduced by 2300 tons. Among them, the overall relocation and transformation of the former Tantalum and Niobium products Division of Qingshuitang Old Industrial Zone was completed by the end of 2019, eliminating equipment and facilities with high energy consumption and backward production capacity, comprehensively promoting the comprehensive management of enterprises, and promoting pollution reduction and carbon reduction in an orderly and effective manner. We will comprehensively carry out the construction of a green manufacturing system, speed up the pace of intelligent manufacturing, improve the automation level of cemented carbide production, and focus on implementing the "Technical Transformation Project of 2000 tons of High-end cemented Carbide Bar and profile production Line". Application of pressure furnace waste heat utilization energy-saving technology and local reactive power compensation energy-saving technology. To create a green intelligent chemical plant with automatic production line, dust-free production site and environmentally friendly emissions.

Macro focus

The Democratic Party of the United States has issued a tax plan with a maximum corporate tax rate of 26.5%.

Hauser, executive director of market affairs at the Bank of England, said central banks needed to develop an exit plan for quantitative easing.

[national Development and Reform Commission: the central region will basically achieve socialist modernization by 2035] Cong Liang, vice minister of the National Development and Reform Commission, recently, the CPC Central Committee and the State Council officially announced the "opinions on promoting the High-quality Development of the Central region in the New era." First, by 2025, breakthroughs will be made in quality reform, efficiency change and power reform in the central region, and the comprehensive strength, endogenous driving force and competitiveness will be further enhanced. This mainly considers that 2025 is the end of the 14th five-year Plan, and defining the goal of this time node is conducive to testing the phased achievements of high-quality development in the central region. Second, by 2035, the central region will basically achieve socialist modernization and make more substantial progress in common prosperity.

[Shanghai Government Executive meeting deployed to promote the development of green and low-carbon circular economy to build a world-class green financial center] Gong Zheng, deputy secretary of the Shanghai Municipal CPC Committee and mayor, presided over a municipal government executive meeting today (13), emphasizing that in accordance with the arrangements of the municipal party committee, we will continue to promote the development of green and low-carbon circular economy in Shanghai, speed up the building of an international green financial hub, and further promote the reform of statistical modernization. It is necessary to give full play to key advantages, speed up the introduction and cultivation of a number of professional organizations, speed up the promotion of the national green fund to play its investment and financing function, and strive to build a world-class green financial center.

[Ministry of Foreign Affairs: China is willing to help Afghanistan build projects that will help improve people's livelihood] A reporter asked: what help will China provide to alleviate the economic plight of Afghanistan? Zhao Lijian said: when security and other conditions are available, China is willing to help Afghanistan build projects that will help improve people's livelihood, and to support Afghanistan's peace and reconstruction and economic development within its capabilities. This fully reflects China's consistent friendly policy toward Afghanistan to all the Afghan people, as well as the traditional Chinese culture of watching and helping each other and providing timely help.

Is the Biden administration planning to put pressure on China on trade? Foreign Ministry response] in response to media reports that the Biden administration is planning a new investigation into Chinese subsidies and their damage to the US economy, in order to put pressure on China on trade. Foreign Ministry spokesman Zhao Lijian responded at a regular press conference: we hope that the relevant departments of the United States and China will properly handle their differences and strengthen cooperation in accordance with the spirit of the phone call between the heads of state of the two countries, so as to promote Sino-US relations to return to the correct track of stable development as soon as possible. I would like to emphasize that the development of economic and trade cooperation between China and the United States should be carried out in the spirit of mutual benefit and win-win results. We have all seen that the trade policy implemented by the Trump administration is to lift a stone and drop it on its own foot.

[12th China-US political Party Dialogue held today] the 12th China-US political Party Dialogue was held by video on the 13th. The dialogue was co-sponsored by the International Liaison Department of the CPC Central Committee, the Democratic Party and the Republican Party of the United States. About 50 Chinese and foreign representatives from Chinese ministries, universities and other units, as well as the Democratic and Republican parties, important think tanks and enterprises in the United States participated in the dialogue. Song Tao, head of the International Liaison Department of the CPC Central Committee, participated in the dialogue and said that China and the United States should implement the important consensus reached by the heads of state of the two countries, strengthen dialogue and move toward each other, so as to create conditions for the relations between the two countries to return to the correct track of stable development.

Terminal information

Ministry of Industry and Information Technology: the problem of tension in the chip supply chain will still exist for some time: on September 13, at a press conference held by the State Information Office today, Tian Yulong, spokesman for the Ministry of Industry and Information Technology, said that generally speaking, the problem of tension in the chip supply chain will still exist for some time, and the current problem is still relatively serious. In the next step, we will strengthen coordination and accurate docking of the supply chain, so that the supply capacity of automotive chips can be improved in an all-round way, so that the automotive industry can develop steadily and healthily.

[original price 13 yuan current price 4000 yuan Bosch ESP chip black market price soared 300 times] many automobile company executives revealed that affected by the epidemic in Malaysia, the current black market price of Bosch ESP (body stabilization system) chip is about 4000 yuan per chip, while under normal supply, Bosch ESP chip is only 13 yuan per chip, and the black market price is nearly 300 times higher than the normal price. The black market price of Bosch ESP chips has continued to rise since August, from 1500 yuan in early August to 2500 yuan in mid-August, and the current price is about 4000 yuan, according to an executive at an automobile company. Another auto company executive revealed that the transaction process was similar to the plot in the movie, in which a car pulled him to an office building he didn't know and paid for the delivery on the other.

[three automotive chip distribution companies were fined for inflating prices] recently, the General Administration of Market Supervision imposed a fine of 2.5 million yuan on three automotive chip distribution companies, Shanghai Xite Electronics Co., Ltd., Shanghai Chengsheng Industrial Co., Ltd., and Shenzhen Yuchang Technology Co., Ltd., in accordance with the law.

[China's new energy vehicle sales rose 181.9% in August from a year earlier] according to the China Automobile Association, car sales in China fell 17.8% in August from a year earlier. China sold 321000 new energy vehicles in August, up 181.9 per cent from a year earlier. China sold 307000 new energy passenger cars in August, up 193.0 per cent from a year earlier.

[national Development and Reform Commission: further building a recycling system for power batteries and waste electronic information products such as automobiles and spare parts] on September 10, the National Development and Reform Commission issued a public announcement on soliciting opinions and suggestions on the revision of the Law of the people's Republic of China on the Promotion of Circular economy. The recycling system for waste materials, especially waste electronic and information products, power batteries, fan blades, photovoltaic components, automobiles and spare parts, waste plastics and waste textiles, remains to be further standardized and improved, according to the notice.

Xiao Yaqing, Minister of Industry and Information Technology: new energy automobile enterprises should become bigger and stronger and further increase industrial concentration. Xiao Yaqing pointed out that the number of new energy automobile enterprises is too large and is small and scattered. First, we should give full play to the role of the market, encourage mergers and restructuring of enterprises to become bigger and stronger, and further increase the degree of industrial concentration. Second, we should strengthen promotion and application, speed up the construction of infrastructure for recharging and replacing electricity, continue to carry out activities for new energy vehicles to go to the countryside, and do a good job in urban pilot projects for the comprehensive electrification of vehicles in public areas. The third is to promote cross-border integration and promote the integrated development of electrification and intelligent network connection technology. The fourth is to improve product quality and provide higher standards and stricter requirements in quality safety, low temperature application and other aspects.

[August Power Battery list: Guoxuan Hi-Tech ranked in the top three LG New Energy failed] on Sept. 10, China Automotive Power Battery Industry Innovation Alliance released data on battery production, sales and loading of new energy vehicles in August 2021. In August, Ningde era installed 6.5 GWH, and its market share further increased to 51.7%, making it the champion. BYD has the second largest number of 1.9GWh vehicles, Guoxuan Hi-Tech surpassed AVIC Lithium to become the third, and Honeycomb Energy surpassed Yiwei Lithium to become the fifth.

[Xiaomi automobile factory site is about to be revealed or adopt the "dual factory" model of Beijing and Wuhan. From March 30, it was announced that it will invest 10 billion yuan in the first phase and 10 billion US dollars in the next decade to enter the field of smart electric vehicles. By September 2, the headquarter is located in Yizhuang District, Beijing, and the registration of 10 billion yuan has been completed. Xiaomi's car-building process has always attracted great attention from the industry. Although there are many rumors about the location of the factory, Xiaomi has always been tight-lipped.