[macro Outlook] focus on the University of Michigan Consumer confidence Index in June [overnight market] Metals are mixed. Us CPI data hit another record high in May.
The unseasonally adjusted core CPI rate in the United States recorded 3.8% in May, the highest since 1992, and inflationary pressure has further increased. Initial claims for unemployment benefits fell to 376000 in the week ended June 5, but still higher than expected and the US economy is still recovering. Last night, the metal in and out of the market was mixed, and the overall trend was still fluctuating. Lun Copper fell on Thursday amid signs of weak demand for copper in China and China's efforts to rein in surging prices of base metals. China's National Development and Reform Commission reiterated on Wednesday that it would strengthen the monitoring of commodity prices and strengthen regulation of the spot and futures markets, putting renewed pressure on the metal rally, which has been affected by the news of production restrictions on the black side and higher prices.
The dollar rose slightly, affected by key data in the United States, the United States unseasonally adjusted core CPI annual rate of 3.8% in May, the highest since 1992. The quarterly CPI rate in the United States recorded 5% in May, the highest since August 2008, higher than expected. Inflation expanded further under the strong recovery of the US economy, but the European Central Bank kept the three key interest rates unchanged in line with market expectations. The dollar rose slightly as a result of this.
In terms of US stocks, the three major stock indexes rose slightly. The market shrugged off fears of rising inflation, with the S & P 500 hitting an intraday and closing record high. The Dow was up 19.10 points, or 0.06%, at 34466.24; the Nasdaq was up 108.58 points, or 0.78%, at 14020.33; and the S & P 500 was up 19.63, or 0.47%, at 4239.18. At one point on Thursday, the S & P 500 rose to 4249.74, an all-time high.
In terms of crude oil, international crude oil futures rose slightly to their highest level in more than two years on Thursday, with intraday trading volatile as the market was optimistic about strong economic demand after the number of U.S. jobless claims fell to the lowest level since the first wave of the novel coronavirus epidemic last year.
In terms of precious metals, gold and silver rose slightly. The US non-quarterly core CPI annual rate of 3.8% in May was the highest since 1992, much higher than expected. The European Central Bank left the three key interest rates unchanged. In the short term, the market firmly believed that the Fed would not change its position, and worries about the Fed's scaling back monetary support measures were alleviated. Precious metals still have support.
Yesterday, the A-share size index fluctuated higher and closed higher, the volume and price of the two markets rose together, the turnover broke through trillions of dollars, the Prev stood at 3600 points, and the rise in the Ningde era led to a 2.4% rise in the gem index. Hongmeng concept stock leader run and software opened the afternoon trading limit, up nearly 270% since May, the leading demonstration effect is strong, domestic software thoroughly broke out, more than 20 stocks rose more than 10%, and nearly 10 stocks rose by the daily limit of 20cm. In addition, shipping, Internet of things, securities, chip plates and other intraday pulls up, yesterday's sharp rise in coal, chemical cycle stocks weakened, liquor plate continued to divide, first-line liquor rebounded, second-and third-line, small market value liquor fell, willing to wine industry, Huangtai liquor industry is the afternoon limit. On the whole, the plate rotation pattern is still the same, funds abandon high on the low obvious, part of the theme one-day tour market still exists. On the market, Hongmeng concept, domestic software, digital currency led the rise, liquor concept, beer concept, glyphosate and other decline in the forefront. As of the close, the Prev index rose 0.56% to close at 3611 points, the Shenzhen Composite Index rose 1.19% to close at 14893 points, and the gem index rose 2.46% to close at 3286 points. The net purchase of Shanghai shares is 4.091 billion yuan, while that of Shenzhen stocks is 2.729 billion yuan.
LME inventory
Macro focus
The annual rate of unseasonally adjusted core CPI in the United States recorded 3.8% in May, the highest since 1992. In the United States, the unseasonally adjusted annual rate of CPI in May recorded 5%, the highest since August 2008, with an estimated 4.7% and a previous value of 4.2%. The number of people applying for unemployment benefits for the first time in the United States last week was 376000, compared with an estimated 370000, compared with a previous figure of 385000. Institutional review of US CPI data: us CPI data grew much faster than expected in May, and as the economy strengthens, the risk of sustained high inflation is expected to become more stable. After the quarterly adjustment, the monthly rate of CPI recorded 0.8%, the largest growth rate since 2009, and an annual rate of 5%, the largest increase since August 2008, but the annual rate is affected by the base effect. As companies strike a balance between surging demand and material shortages and labour shortages, price pressures across the economy are expected to continue to increase. Shipping bottlenecks, rising input costs and rising wages will all pose challenges for companies that protect profit margins.
[the ECB keeps the three key interest rates unchanged in line with expectations] the ECB keeps the main refinancing rate unchanged at 0%, the deposit mechanism rate at-0.5% and the marginal lending rate at 0.25%. The size of the 1.85 trillion euro emergency anti-epidemic bond purchase program (PEPP) will remain unchanged, and the emergency anti-epidemic bond purchase program (PEPP) will last at least until the end of March 2022. The European Central Bank confirmed that it will significantly accelerate the purchase of (PEPP), the emergency anti-epidemic bond purchase program, in the current quarter.
[CPC Central Committee and State Council: high-standard Action Plan for carbon Emission Peak in Zhejiang Province] the CPC Central Committee and the State Council issued opinions on supporting Zhejiang's high-quality development and building a common prosperity demonstration zone. It is suggested that the green transformation of production and life style should be promoted in an all-round way. Broaden the green water and green mountains is the transformation channel of Jinshan and Yinshan, establish and improve the value realization mechanism of ecological products, and explore and improve the application system of (GEP) accounting of ecosystem gross domestic product with Zhejiang characteristics. High standards for the formulation and implementation of Zhejiang Province carbon emissions peak action plan. We will promote market-oriented trading of emission rights, energy rights and water rights, and actively participate in the national carbon emissions trading market. We will vigorously develop green finance. We will comprehensively promote the economical and intensive use of energy and resources, further promote the classification of domestic waste, and speed up the construction of a recycling system for household appliances, automobiles and other waste materials. We will deepen the construction of "waste-free cities". We will vigorously promote a simple, moderate, green, low-carbon, civilized and healthy lifestyle, and extensively carry out actions to create a green life to promote harmonious symbiosis between man and nature.
People's Bank of China: according to preliminary statistics, the stock of social financing was 297.98 trillion yuan at the end of May, an increase of 11% over the same period last year. Of this total, the balance of RMB loans to the real economy was 182.22 trillion yuan, an increase of 12.5% over the same period last year, while the balance of foreign currency loans issued to the real economy was equivalent to 2.21 trillion yuan, down 11.1% from the same period last year.
People's Bank of China: preliminary statistics show that the scale of social financing increased by 1.92 trillion yuan in May 2021, 1.27 trillion yuan less than the same period last year and 208.1 billion yuan more than the same period in 2019. Of this total, RMB loans to the real economy increased by 1.43 trillion yuan, 120.8 billion yuan less than the same period last year; foreign currency loans to the real economy increased by 700 million yuan, 45 billion yuan less than the same period last year; entrusted loans decreased by 40.8 billion yuan, 13.5 billion yuan more than the same period last year; trust loans decreased by 129.5 billion yuan, 95.8 billion yuan more than the same period last year.
China's broad money (M2) balance rose 8.3% year-on-year at the end of May, with an estimated 8.1%. The scale of social financing in China in May was 1.92 trillion yuan.
[the bipartisan House panel unveiled a $1.25 trillion infrastructure plan] the House bipartisan panel unveiled an eight-year, $1.25 trillion infrastructure plan designed to help break Biden's months-long impasse over domestic legislative priorities. The framework proposed by the team requires more than US $959 billion for traditional infrastructure, including roads and bridges, of which US $25 billion will be used for the construction of electric vehicle infrastructure, including electric buses.
[Ministry of Commerce: monthly transaction volume of consumption promotion is 4.82 trillion yuan, an increase of 22.8% over the same period last year] at a regular press conference held by the Ministry of Commerce, in response to media questions about the effectiveness and highlights of consumption promotion month, spokesman Gao Feng of the Ministry of Commerce said that according to the Ministry of Commerce's monitoring of third-party payment platforms and other institutions, the total monthly transaction volume of goods and services reached 4.82 trillion yuan in 2021. An increase of 22.8% over May last year.
[Commerce Department: opposes linking one's own development plan to containment of other countries] at a regular press conference held by the Commerce Department on June 10, in response to the U.S. Senate's vote to pass the 2021 American Innovation and Competition Act on the 8th local time, Commerce Department spokesman Gao Feng responded: we have taken note of the passage of the 2021 American Innovation and Competition Act by the U.S. Senate. All countries have the responsibility to develop their own industries and promote the well-being of their people. We are happy to see the economic development and scientific and technological progress of other countries, but we oppose linking our own development plans with containment of other countries, politicizing economic and trade issues and engaging in zero-sum games. This is not in line with the theme of the era of peaceful development.
[Ministry of Commerce: the essence of Sino-US economic and trade relations is mutual benefit] at a regular press conference held by the Ministry of Commerce on June 10, spokesman Gao Feng said: as the two major economies in the world, the essence of economic and trade relations between China and the United States is mutual benefit and win-win. Both sides have their own important concerns in the economic and trade field, but on the basis of mutual respect and equal treatment, solutions can be explored through dialogue and consultation. Recently, Vice Premier Liu he spoke with Ambassador Daiqi and Finance Minister Yellen respectively. This morning, Minister of Commerce Wang Wentao spoke with U.S. Secretary of Commerce Raimundo. The economic and trade teams of the two sides will maintain communication and will release any further information in a timely manner.
[Ministry of Commerce: highly concerned about the difficulties and challenges faced by foreign trade enterprises in raw material prices] when talking about the operation of China's foreign trade from January to May 2021, a person in charge of the Foreign Trade Department of the Ministry of Commerce said that at present, the novel coronavirus epidemic is still spreading around the world. the external environment facing the development of China's foreign trade is still complex and grim. We are highly concerned about the difficulties and challenges faced by foreign trade enterprises in terms of raw material prices, exchange rate fluctuations and sea freight, and will continue to take comprehensive measures with local and relevant departments to promote solutions.
[Liu Guiping, deputy governor of the people's Bank of China: it takes two legs to strengthen financial support for the construction of the national carbon market.] Liu Guiping, deputy governor of the people's Bank of China, proposed at the 13th Lujiazui Forum that it is necessary to look at the overall situation and strengthen financial support for the construction of the national carbon market. Green and low-carbon transformation requires two-legged walk: first, it is necessary to set a clear target for total carbon emissions as soon as possible. Under the total constraint, quota trading is determined by market supply and demand, forming a clear price signal, so as to guide expectations, stabilize expectations and promote low-carbon investment. Second, it is necessary to give further play to the supporting role of finance in the construction of the carbon market. The underlying logic of carbon trading is the transfer of emission rights, including quota allocation, registration and transaction verification and evaluation, and many other links. The actual operating cost is high, which limits the market efficiency. The introduction of more financial institutions and financial products including carbon derivatives will help to give full play to the price discovery function of the carbon market and reduce transaction costs.
[Liu Guiping, deputy governor of the people's Bank of China: the people's Bank of China is stepping up efforts to study carbon emission reduction support tools] at the 13th Lujiazui Forum, Liu Guiping, deputy governor of the people's Bank of China, said: as of the end of the first quarter of this year, the balance of green loans exceeded 13 trillion yuan, a year-on-year increase of 24.6%, which was 12.3% higher than the loan growth rate in the same period. In accordance with the requirements of this year's government work report, the people's Bank of China is stepping up efforts to study carbon reduction support tools in the field of carbon emission reduction, by providing low-cost funds to eligible financial institutions to provide investment at preferential interest rates for projects with significant carbon emissions reduction.
[new round of Joint Committee meeting on the Comprehensive Agreement on the Iranian Nuclear issue held on June 10] according to Iranian media reports, on June 10, local time, a new round of negotiations on the resumption of implementation of the Joint Commission on the Comprehensive Agreement on the Iranian Nuclear issue will be held in Vienna. Earlier, Aragohi, head of the Iranian delegation, said that many rounds of talks between the parties involved in the comprehensive agreement on the Iranian nuclear issue in Vienna had made positive progress, and Iran hoped that in the following talks, the parties can reach relevant agreements on sanctions and the nuclear issue. But at the same time, he also admitted that there are still some key issues of disagreement.
[the Price Department of the National Development and Reform Commission studies the realization path of informationization of cost supervision and audit] in order to further improve the efficiency of pricing cost supervision and audit, the Price Department recently held a meeting to organize price cost investigation centers, accounting firms, software development enterprises and other relevant units to study the use of information means to carry out pricing cost supervision and audit efficiently. The meeting conducted in-depth exchanges and discussions on the cost supervision and audit process, audit key points, key evaluation of supervision and audit, analytical review methods and other issues, further combed the steps and methods of pricing cost supervision and review, and clarified the ideas and objectives of the next step.
Yi Huiman, chairman of the Securities Regulatory Commission, said at the 13th Lujiazui Forum that since the fourth quarter of last year, driven by a variety of factors, such as excess global liquidity, unbalanced economic recovery, and widening gap between supply and demand, some commodity prices have continued to rise. generally speaking, futures prices are moving in the same direction as spot prices. But futures prices rose less than spot prices. At the same time, the functions of price discovery and risk management of relevant commodity futures have been brought into full play, and a number of domestic industrial enterprises have actively made use of futures options tools of crude oil, rebar, iron ore, cotton and other varieties to effectively hedge the risk of rising prices of raw materials, and achieved good results in stabilizing the production and operation of enterprises.
Today's focus
[SMM analysis: copper tube off-season effect gradually strengthens enterprise start-up pressure continues to decline] according to SMM survey data, the operating rate of copper pipe enterprises in May was 84.56%, down 4.85% from the previous month, and an increase of 1.17% over the same period last year. Judging from the performance in the second quarter, the retail performance of the domestic air-conditioning market is poor, and the production enthusiasm of air-conditioning enterprises has weakened under the sharp rise in raw material prices. The operating rate of copper pipe enterprises is expected to be 80.06% in June, down 4.50 percentage points from the previous month and 9.22 percentage points lower than the same period last year. "View details
[SMM analysis: in May, the operating rate of copper plate, strip and foil decreased compared with the previous month, and the lack of electronic core led to the cooling of the industry. According to SMM survey data, the overall operating rate of copper plate, strip and foil enterprises in May was 85.47%, up 19.53% from the same period last year, and down 0.12% from the previous month. "View details
SMM analysis: the decline of electricity consumption is difficult to change! The operating rate of refined copper rod hit a record low in May compared with the same period last year. According to SMM survey data, the operating rate of refined copper rod enterprises in May was 68.57%, 2.02% lower than the previous month, and 11.79% lower than the same period last year. Among them, the operating rate of large enterprises is 68.58%, that of medium-sized enterprises is 74.07%, and that of small enterprises is 49.33%. According to SMM research, copper rod operating rate continues to be poor, on the one hand. "check the details.
[SMM analysis of the enamelled wire industry's operating rate in May is expected to weaken further in June] according to SMM survey data, the enamelled wire operating rate in May was 81.29%, up 7.31% from the same period last year, down 2.69% from the previous month, and 0.24% lower than the expected 81.53%. Among them, the operating rate of large enterprises is. "View details
[SMM aluminum downstream weekly survey: the operating rate of primary / recycled aluminum alloy fell in a narrow range and the performance of other plates] SMM June 10, 2021: the operating rate of leading enterprises in aluminum downstream processing this week continued to drop 0.7% compared with last week. On the whole, due to the large backlog of domestic orders in the early stage, the aluminum wire and cable industry is better to start production. Aluminum price horizontal finishing, aluminum foil enterprises wait-and-see mood weakening, operating rate rebounded slightly. Aluminum profiles, aluminum alloy and other plates due to downstream demand orders slightly weaker, operating rate has marginal changes in the case of weakening. As the height of summer is approaching, the automobile-related industry is affected by the lack of core on the one hand. "check the details
[SMM survey of operating rate of recycled aluminum alloy enterprises in various regions in May 2021] SMM investigated and analyzed the operating rate of recycled aluminum alloy enterprises in various regions of the country in May, and the start-up rate continued to decline in May, from both sides of supply and demand. "check the details.
[ADC12 price daily review aluminum price rebounded recycled aluminum transaction poor rise under pressure] Aluminum prices continue to rise today, SMM A00 aluminum prices rose 120 yuan / ton to 18510 yuan / ton, recycled aluminum prices stabilized mainly. "View details
[SMM aluminum rod processing fee daily review: aluminum base price rises aluminum rod processing fee slightly] SMM June 10: today, the mainstream area Pu aluminum rod processing fee stable operation, Shandong mainstream manufacturers Pu aluminum rod processing fee ex-factory price of 350-500 yuan / ton, the average price recorded 425 yuan / ton, down 75 yuan / ton compared with yesterday. . "View details
[aluminum bar spot daily review: aluminum bar processing fee holding stable shipper general] Today, aluminum bar processing fees in the mainstream market are generally stable, most holders maintain their processing fees unchanged under the rising aluminum prices, and the wait-and-see mood is heavier. Today, the overall interest in receiving goods downstream is still not high, and the market as a whole is generally shipping. Details of this morning's offer are as follows. "View details
[weekly review of national aluminum bar inventory: weekly aluminum bar inventory continues to decline slightly by 1100 tons to 88400 tons] the output ring of aluminum rod market fell slightly by 4600 tons to 44300 tons last week, a decrease of 9.4%. Recently, downstream receiving interest is not high. At the same time, the current aluminum bar inventory slightly decreased by 1100 tons to 88400 tons, a decrease of 1.2%, showing a small removal of storage. Among them, Foshan and Wuxi areas go to the reservoir, while Nanchang area shows the accumulation of storage and the range of accumulation is not low. The main reason is that aluminum prices still remain high this week, the enthusiasm of receiving goods downstream is not high, and the start-up of aluminum profile enterprises has weakened, and the demand for raw materials has declined. "View details
[SMM thread scheduling start-up rate remains high, but output growth is limited. Thread scheduling month-on-month] in June, domestic steel prices have gone out of the trend of overfall and then rebounded and then fluctuated and weakened again. at present, market prices have returned to the level of mid-April, and the high price risks and high valuation Bubble accumulated in the previous market have been basically cleared, and the logic of the domestic steel market has returned to rational return to industrial fundamentals. "View details
[SMM survey: due to large fluctuations in steel and zinc ingot prices overall decline in galvanizing start-up in May] (SMM) survey of SMM shows that the overall start-up rate of galvanizing enterprise survey samples declined in May, mainly due to. "check the details."
[the off-season effect of SMM thread inventory reflects the decline in apparent demand and the inflection point of the rise in total inventory] in the second week of June, many places in the south have officially entered plum, and the impact of high temperature and rainy weather on downstream construction has gradually begun to be reflected. The thread table needs to be 3.9% lower than the same period last year, an increase of 2.6% compared with last week. This week, the inflection point of the national total thread inventory is beginning to show, the thread factory warehouse has increased slightly, the year-on-year growth rate has expanded, the speed of the removal of the thread stock has obviously slowed down, and the tiring inflection point is approaching. "View details
[SMM blast furnace operating rate: what is the future trend after the steel price bottomed out and rebounded? Internationally, Vale suspended iron ore mining, affecting production capacity of 33000 tons per day, which led to a rise in the price of raw materials. On the domestic side, the policy has been relatively calm recently, and high-level intervention in the market has decreased compared with the previous period, but the main tone of price stability and supply has not changed. From a fundamental point of view, the demand for replenishment before the festival is expected to push up prices, and in the medium to long term, it is still a weak pattern of both supply and demand. "View details
[Foshan stainless steel daily review before Dragon Boat Festival terminal stock atmosphere general short-term steel price temporarily stable operation] SMM: in the second half of the week, the transaction trend of private 300 series cold rolling in South China is general, and the overall price difference of different specifications has not changed much compared with the previous period, and the rigid demand for stock atmosphere has not increased significantly before the Dragon Boat Festival, so SMM believes that the overall operation of steel prices in the short-term market is partial to stability. "View details
[SMM titanium dioxide spot KuaiBao domestic titanium dioxide prices are on the rise] SMM June 10: the current market price of titanium dioxide continues to be high. The mainstream quotation of rutile titanium dioxide by sulfuric acid process is 21000 yuan / ton-21500 yuan / ton, and that of anatase titanium dioxide is 19000 yuan / ton-19500 yuan / ton. "View details
[SMM magnesium ingot spot KuaiBao stalemate magnesium price temporarily stable] SMM June 10: today, the mainstream ex-factory price of 90 magnesium ingots in Fugu area is 18500-18600 yuan / ton, and the mainstream ex-factory price of 95B magnesium ingots is 18800-19000 yuan / ton.Today, the factory price in the main producing areas of magnesium ingots is the same as that of yesterday. the detailed quotation and the reasons for the balance are described in detail below. "View details
[SMM Daily Review Yunnan Nujiang Silicon Plant has repeatedly postponed the resumption of production] Today, Kunming 330 silicon is in the range of 14900-15000 yuan / ton, because there is almost no resumption of production in Yunnan silicon plant and the factory warehouse has been basically digested, so there is very little spot circulation. "View details
[SMM Electrolytic Manganese Daily Review week spot tight to boost manganese prices] SMM June 10, the mainstream area of manganese triangle spot tax ex-factory price around 16500-16600 yuan / ton, stable than yesterday's average price; Guangxi spot factory price around 16500-16700 yuan / ton, unchanged yesterday's market price. "View details
Important news of metals and industry
[copper prices rise sharply all national departments strengthen linkage supervision] since the beginning of this year, some global commodity prices have continued to rise sharply, and copper prices have reached their highest level since 2012. In mid-May, the price of copper reached about 75000 yuan per ton, up nearly 150% from last year's low. Recently, the National Development and Reform Commission and other five departments jointly interviewed key enterprises with strong market influence in copper and other industries.
Cornwall Metals released its latest resource estimate for its South Croft Tin Copper project in Cornwall, southwest England, on Wednesday. It said additional sampling showed that the indicated resources in the lower and upper mines increased by 10 per cent to 2.08 million tons.
There are signs that Peru's next president may not be the enemy of the mining industry as initially feared. But until the policy environment becomes clear, Peru, the world's second-largest copper producer, is unlikely to see new investment.
[Xinplatinum shares: 180 million yuan invested to build 20, 000 tons of high-end construction aluminum profile production line] Xinplatinum shares announced that the company intends to invest in the construction of high-end energy-saving system doors and windows aluminum profiles project in Chuzhou High-tech Industrial Development Zone, Anhui Province, with a total planned investment of 180 million yuan. It will be completed and put into production within one year from the date when the project land has the conditions to start. The main construction content is the annual output of 20, 000 tons of high-end building aluminum profile production line and supporting facilities.
Ulsan Aluminum (Ulsan Aluminum) Co., Ltd. joined ASI, as a new production and transition member, bringing the total number of ASI members to 173. The company is a joint venture between Nobelis and Kobe Steel. Ulsan Aluminium, headquartered in South Korea, produces cars and specialty sheets to meet the growing demand for lightweight rolled aluminum products in Asia.
According to recent market news, the price of lithium hexafluorophosphate, the core material of lithium battery electrolyte, has reached a four-year high. On June 8, its market price was as high as 315,000 yuan / ton, an increase of nearly 300% this year.
According to the Ministry of Commerce, on June 2, 2021, the Brazilian Foreign Trade Secretary issued notice No. 18 of 2021 in the Federal Government Gazette, saying that the Brazilian company AperamInoxA é ricadoSulS.A. To initiate a countervailing investigation into the original Indonesian 304 stainless steel cold-rolled plate (Portuguese: a ç oinoxide á vel304laminadosafrio).
On June 7, 2021, the Ministry of Economic Affairs of Mexico issued a notice that the anti-dumping sunset review of stainless steel sinks imported from China (no more than 8 kg in weight) (: fregaderos de acero inoxidable) in Spanish) was final and decided to maintain the anti-dumping duties on the products involved, effective from May 9, 2020 and valid for 5 years. The TIGIE tax number of the product involved is 7324.10.01. The announcement shall take effect from the day after it is issued.
[China Iron and Steel Association: national crude steel output in May was 98.08 million tons higher than the same period last year.] according to the China Iron and Steel Association, in May, the country produced 98.08 million tons of crude steel, an increase of 6.3 percent over the same period last year; 77.27 million tons of pig iron, down 0.1 percent from the same period last year; and 122.69 million tons of steel, an increase of 7.1 percent over the same period last year. In mid-May, the price of China's imported iron ore rose as high as $230.6 / ton, a record high, then fell back to $180.7 / ton and rebounded. By June 9, the price of imported iron ore rebounded to $210.3 / ton, which remains high. In late May, the steel inventory of iron and steel enterprises was 13.41 million tons, an increase of 0.9% over the same period last year and a decrease of 0.1% from late April.
[five ministries and commissions of the state investigated coal hoarding in ports] learned from people familiar with the matter that on June 10, five ministries (Ministry of Communications, Ministry of Market Supervision, National Development and Reform Commission, Ministry of Ecological Environment, and Ministry of Emergency Management) went to Caofeidian Port to investigate whether there was a situation of hoarding, which would focus on households with high temperature, long-term storage and large storage sites. Caofeidian Port is said to have begun to clean up the fire coal on both sides of the passageway. Traders said that the main purpose is to check hoarding and disrupt the market order.
[China's sponge titanium import demand has increased] according to the latest titanium outlook report of Roskill, the rising price of titanium sponge in China and the continuous growth of industrial applications indicate that the demand will increase in the future. The import of titanium sponge in China is increasing, and the domestic production is also increasing.
[China Photovoltaic Industry Association calls for resisting excessive hoarding of polysilicon and wafer products and driving up prices] the China Photovoltaic Industry Association issued an appeal to promote the healthy and sustainable development of the photovoltaic industry, saying that in the past three months, the price of polysilicon has risen sharply, which has had a great negative impact on the photovoltaic industry as a whole. Appeal for suggestions: resist excessive hoarding of polysilicon and silicon wafer products and drive up prices; it is suggested that the relevant departments should pay attention to the excessive price rise of photovoltaic raw materials such as polysilicon and guide them in a timely manner.
Terminal information
[BAIC Blue Valley: polar Fox Alpha S Huawei HI version is the world's first mass production model with Hongmeng OS.] on June 10, BAIC Blue Valley said on the interactive platform that the polar fox Alpha S Huawei HI version is the world's first mass production model with Hongmeng OS.
[Stellantis: stop production of minivans in June due to chip shortages] Stellantis said on June 10th that it would stop production of minivans at its Windsor plant in Ontario, Canada, for the rest of June due to global chip shortages. The company had previously planned to stop production only from June 21 to 27.
Invest 2.5 billion! Hefei Lixiang Lithium Battery structure Project located in Yichun, Jiangxi Province] Hefei Lixiang will build a lithium battery structure project in the Economic Development District of Yichun City, with a total investment of 2.5 billion yuan and an annual production capacity of 500 million sets of aluminum shells and covers by stages. Among them, the investment in the first phase is about 1.2 billion yuan, with an annual production capacity of 200 million sets of aluminum shells and covers, and the later stage investment will be completed within 5 years, with an annual output of 500 million sets of aluminum shells and covers after reaching production.
[the first in Europe! Electric car charger maker Wallbox will be listed backdoor. In June and September local time, Spanish electric car charger maker Wallbox announced plans to merge with shell company Kensington Capital Acquisition Corp later this year to make a "backdoor listing" on the New York Stock Exchange.
[TSMC said it will increase the production capacity of automotive chip components by 60%] TSMC said in a statement that it had readjusted its capacity planning to alleviate the plight of industrial customers under strong demand pressure.
[epidemic troubles unabated TSMC's enthusiasm for expanding production and optimistic that the future cash flow will raise quarterly dividends for the first time] on June 9, the wafer contract manufacturing leader TSMC held a board of directors and approved a capital budget of about US $9.291 billion (about RMB 59.346 billion). The contents include: the construction and upgrading of advanced process capacity, the construction of special process capacity, plant construction, plant facilities engineering and capitalized leasing assets; And the R & D capital budget and recurrent capital budget for the third quarter of 2021.
[Geely China Automobile Co., Ltd. jointly established New Energy Technology Co., Ltd.] on June 9, Hangzhou China Automobile New Energy Technology Co., Ltd. was established with a registered capital of 100 million, and the legal representative is Guo Jianjun. Business scope includes auto parts research and development; emerging energy technology research and development; domestic waste disposal equipment sales; new energy vehicle sales; new car sales and so on. The equity penetration chart shows that the company is jointly owned by Zhejiang Geely New Energy Commercial vehicle Group Co., Ltd., and China Automotive Commercial vehicle Co., Ltd. (Hangzhou).
[Huanxu Electronics: consolidated revenue rose 18.67% to 3.6997 billion yuan in May compared with the same period last year] Huanxu Electronics announced that its consolidated operating income in May 2021 was 3.6997 billion yuan, an increase of 18.67% over the same period last year and a decrease of 1.19% compared with April. The company's consolidated operating income from January to May in 2021 was 18.3787 billion yuan, an increase of 33.02% over that of the same period last year.
[Shu Yinbiao, chairman of China Huaneng Group: the era of "cheap access to the Internet" for photovoltaic power generation has come] the 13th Lujiazui Forum kicked off today. Shu Yinbiao, chairman of China Huaneng Group, said at the plenary meeting of "carbon peak and carbon neutralization with financial assistance" that the era of photovoltaic power generation to achieve "affordable access to the Internet" has come. China has invested more than 800 billion US dollars in new energy power generation, accounting for 30 per cent of the world's new energy investment. The cost of photovoltaic power generation of onshore wind power has been reduced by 40% in the past decade, and photovoltaic power has been reduced by 80%. " Shu Yinbiao said that the era of photovoltaic power generation to achieve affordable access to the Internet has come, photovoltaic cheap access to the Internet will soon be competitive with coal power.
[Volkswagen: semiconductor shortages are expected to ease in the third quarter] A Volkswagen board member said the company expects semiconductor supply shortages to ease in the third quarter, but believes that bottlenecks will persist for a long time. As it takes up to two years to build production capacity, he expects a chip shortage of about 10% in the long term.
[Yiwei Lithium Energy: new energy power energy storage battery industrial park with annual production capacity of 104.5GWh] Yiwei Lithium Energy announcement, the company and its subsidiaries plan to invest in the construction of new energy power energy storage battery industrial park with annual 104.5GWh production capacity (including completed capacity 11GWh, capacity under construction 11GWh and capacity 82.5GWh to be reinvested in stages) in Jingmen Kuidao District, and introduce lithium-ion power energy storage battery supporting industry according to production demand.
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