SMM morning meeting minutes: European and American economic data performed generally.
Crude oil: During the night of May 6, U.S. crude oil and Brent crude oil fluctuated and turned red, and both rose by more than 2% as of the close.
On the U.S. dollar: After the Federal Reserve announced the interest rate decision The U.S. dollar index experienced a big shock. The U.S. economic data released on Friday were mixed. The U.S. dollar index fell back after setting a new high of 104.07 since December 2002, closing slightly. rose 0.09%. On the same day, many Federal Reserve officials issued "hawkish" remarks one after another, believing that the Federal Reserve should continue to raise interest rates to curb inflation. For a time, there were rumors about whether the Federal Reserve should raise interest rates more aggressively, bringing more uncertainty to the trend of the US dollar. Market focus turns to the CPI data released next Wednesday. According to the median forecast of economists surveyed, prices will rise at an annual rate of 8.1% in April, slightly lower than the 8.5% in March.
Next week, the market will usher in important economic data such as China’s April CPI, China’s trade account, and money supply data, the United States’ April CPI, PPI, and May University of Michigan confidence index, and the Eurozone’s May investor confidence data. .
Metal futures:
As of the daytime close on May 6, internal basic metals closed down nearly across the board, with only Shanghai lead rising slightly by 0.1%. Among them, Shanghai Nickel fell by more than 4%, Shanghai Aluminum fell by more than 3%, Shanghai Zinc fell by more than 2%, and Shanghai Copper fell by more than 1%. The black series fell sharply, with iron ore falling by more than 5%, thread and hot rolling falling by more than 3.6%, stainless steel falling by 3.7%, and coking coal falling by nearly 3%.
html During the night of May 6, the decline of basic metals in the domestic market narrowed and all turned green. Among them, Shanghai zinc closed down 2.64%, Shanghai aluminum fell 1.78%, Shanghai tin fell 1.44%, and Shanghai nickel fell narrowed to 0.65%.Almost all the black series fell, with only stainless steel rising slightly by 0.65%. Coking coal fell by more than 4%, iron ore fell by 3.56%, coke closed down by 3%, thread and hot rolling both fell by more than 2.5%, and thermal coal fell by 2.15%.
LME metals except nickel ended higher, with an increase of 1.23%, while other metals fell. Among them, Lun zinc fell by nearly 3%, Lun aluminum fell by 2.78%, Lun tin fell by 2.59%, Lun lead fell by more than 2%, and Lun copper fell by more than 1%.
â–ş
Overview of the total inventory of LME basic metal warehousing on May 6 (unit: tons)
》
â–ş
[Do a good job of ensuring the supply and stable price of bulk commodities - Q&A on the economic operation of the non-ferrous metal industry in the first quarter] Jia Mingxing: 3 Monthly nickel price fluctuations are a major event in the nonferrous metals industry and have a great impact. The Nonferrous Metals Association has earnestly followed the work requirements of the Party Central Committee and the State Council on ensuring the supply and stable prices of bulk commodities, strengthening industry self-discipline, stabilizing market expectations, and preventing malicious speculation in nickel prices and...
[CICC Lingnan’s first quarter net profit is expected to increase by 29.58% year-on-year. The lead, zinc and copper market will maintain a bull market pattern in the future] On the evening of April 27, CICC Lingnan released its first quarter 2022 performance announcement. According to the report, the company's revenue in the first quarter of 2022 was approximately 14.705 billion yuan, a year-on-year increase of 61.62%; net profit was approximately 333 million yuan, a year-on-year increase...
[Lead and zinc metal retained resources exceed 5 million tons CNMC 2021 Net Profit increased by over 92% year-on-year! 】 On the evening of April 28, China Nonferrous Metals Co., Ltd. released its annual performance report stating that its operating income in 2021 was approximately 6.533 billion yuan, a year-on-year decrease of 3.73%; the net profit attributable to shareholders of listed companies was approximately 41.45 million yuan, a year-on-year increase of 92.37%. As of the end of 2021, the company owns the Tumultin-Ovoo zinc mine in Mongolia, the Chifeng Zhongse Baiyinnuoer lead-zinc mine in Inner Mongolia, and...
[Zinc Industry Co., Ltd.’s net profit in the first quarter fell by more than 76% year-on-year. Lead, zinc, and copper production capacity Over 500,000 tons】 On the evening of April 26, Zinc Industry Co., Ltd. released its first quarter performance report for 2022. According to the report, the company's revenue in the first quarter of 2022 was approximately 5.354 billion yuan, a year-on-year increase of 49.74%; the net profit was approximately 16.26 million yuan, a year-on-year decrease of 76.36%. Zinc Industry Shares has previously stated that the company is a zinc smelting and processing enterprise, and the gross profit margin of the industry...
[Jia Mingxing: Zinc recycling difficulties lead to supply problems and zinc prices are expected to continue to rise in the future] At present, the overall operating situation of the non-ferrous industry is good. Including lead and zinc.Therefore, as far as the development of the entire industry is concerned, it is necessary to continuously improve the company's innovation capabilities, management capabilities, and resource allocation and other aspects. As far as the zinc price is concerned, currently, the zinc price is around 27,000 yuan/ton, which is close to 30,000 yuan/ton. As far as processing fees are concerned, currently...
[Betteri and Zhongwei Holdings have reached a strategic cooperation to develop Indonesian nickel ore development projects] In terms of overseas joint investment and cooperation, the two parties will carry out in-depth cooperation in upstream mineral resources and jointly develop Indonesian laterite Comprehensive development and utilization of nickel ores. In addition, Beterui intends to invest in the laterite nickel ore development and utilization project planned and constructed by Zhongwei Co., Ltd. in Indonesia. In the first phase, it plans to cooperate in the construction of a nickel product production line with an annual output of 40,000 gold tons; Zhongwei Co., Ltd. intends to participate in the investment in Beterui. In...
[Vale confirmed that it has reached a low-carbon nickel product supply agreement with Tesla] On May 6, Vale noticed the information disclosed by Tesla and confirmed that the company had signed a low-carbon nickel product supply agreement with Tesla. The long-term contract will see the Canadian operation area supply primary nickel products to Tesla in the United States. This agreement is consistent with the company's low carbon footprint and North America's largest supplier of finished nickel...
[World's largest lithium mine receives mining license! 】 According to the feasibility study report of AVZ Company in July 2021, the Manono project has an ore reserve of 131.7 million tons and an average Li2O grade of 1.63%, equivalent to 5.36 million tons of LCE. If we compare it horizontally with the current spodumene project, its resource amount is second only to Pilbara Pilgangoora and Tellison. The latter's resource amount is equivalent to...
[New Energy Industry News of the Week: Lithium Carbonate Prices Stable This Week Lithium Carbonate Prices Stable Stone concentrate breaks US$4,000 | New progress in the resumption of work of Shanghai automobile companies! 】 According to SMM spot prices, the average spot price of domestic battery-grade lithium carbonate remained at 461,500 yuan/ton on May 6, which has remained unchanged for the fourth consecutive trading day; battery-grade lithium hydroxide also remained at 46.9 The price is RMB 10,000/ton. After briefly holding steady yesterday, lithium hexafluorophosphate fell again by 2,500 yuan/ton in recent days to 315,000 yuan/ton. The average spot price of spodumene concentrate (6%, CIF China) has risen again...
[Jia Mingxing: The rise in lithium prices has deviated from fundamentals and hopes to establish a mechanism to ensure stable lithium prices] According to SMM spot prices, entering 2022 After the year, the average spot price of domestic battery-grade lithium carbonate rose from 278,000 yuan/ton at the beginning of the year to a high of 503,000 yuan/ton, an increase of 80.94%. Recently, the Ministry of Industry and Information Technology has launched a series of heavy blows such as ensuring the supply and stable price of lithium salts, superimposing the fundamentals of increasing supply and decreasing demand...
[Fujian Hongwang’s 1.3 million tons annual stainless steel cold rolling expansion project has started] On April 28, Fujian Hong Wang Industrial Co., Ltd.'s stainless steel cold rolling expansion project with an annual capacity of 1.3 million tons has started construction in Wanwu Industrial and Trade Zone, Fu'an City, Ningde. This project is a key project in Fujian Province, with a total planned investment of 2 billion yuan, an additional land area of ​​more than 200 acres, and a new four-continuous rolling mill unit with an annual output of 600,000 tons in two phases...
[China Iron and Steel Association: April In late April, social inventories of steel were 12.7 million tons, down 4.8% from the previous month. In late April, key statistics showed that steel companies produced a total of 23.5867 million tons of crude steel, 20.4127 million tons of pig iron, and 22.9347 million tons of steel products. Among them, the daily output of crude steel is 2.3587 million tons, a month-on-month increase of 5.50%; the daily output of pig iron is 2.0413 million tons, a month-on-month increase of 4.35%; the daily output of steel is 2.2935 million tons, a month-on-month increase...
[Shougang Co., Ltd.: Electrical steel is in short supply at this stage, and an additional 350,000 yuan will be put into production in June. Ton production capacity] Shougang Co., Ltd. stated that the new energy vehicle electrical steel project put into production in June this year will add a high-grade non-oriented electrical steel production capacity of 350,000 tons/year; the thin-specification high magnetic induction oriented electrical steel project will be put into production in the first quarter of 2023. , newly added ultra-thin specification high magnetic induction oriented electrical steel production capacity...
[LONGi: The company’s module shipment target is 50-60GW in 2022 and the silicon wafer shipment target is 90-100GW] The company will accrue fixed asset impairment losses in 2021 870 million yuan, mainly for Taizhou Solar battery production line equipment, and the amount of impairment loss is approximately 520 million yuan. The company promptly clears assets that do not adapt to industry development trends and maintains the quality of the company's equipment and facilities assets at...
[World Gold Council: Global gold ETF net inflows of 43 tons in April have been net inflows for four consecutive months this year] World Gold Council Released data showed that in April, global gold ETFs achieved a net inflow of 43 tons (approximately US$3 billion).Although 77% lower than March, net inflows in March were the highest since February 2016. This year has achieved four consecutive months of net inflows, and global investors’ rising demand for safe havens continues. So far, global gold ETF holdings have reached 3,869 tons...
Terminal Information
[US West Port Negotiations Imminent: Avoid Logistics Interruption and Transfer Goods to the East US or Enable Air Freight] Logistics industry insiders believe that this negotiation may not encounter major difficulties . The Biden administration has shown a strong will to prevent U.S. supply chain problems from worsening. It is reported that the Biden administration is meeting with the leaders of the ILWU and PMA to express that problems in the supply chain have led to rising consumer prices in the United States...
[Suspension! The former battery giant is at risk of delisting! 】 From the perspective of performance, although the financial accounting report of Mengshi Technology was issued an audit report that could not express an opinion, the 2021 annual report showed that Mengshi Technology achieved operating income of 947 million yuan, a year-on-year decrease of 13.37%, and achieved listing. The net profit of the company's shareholders is 511 million yuan, a year-on-year increase...
[China Association of Automobile Manufacturers: Automobile sales are expected to drop 48.1% year-on-year in April] The China Association of Automobile Manufacturers estimates based on weekly report data reported by key companies that in April 2022, the automobile industry Sales are expected to be 1.171 million units, a decrease of 47.6% month-on-month and a year-on-year decrease of 48.1%; from January to April 2022, sales are expected to be 7.68 million units, a year-on-year decrease...
[European battery companies are aggressively "sweeping goods"] latest data shows In March this year, the total sales of pure electric vehicles in nine countries including Germany, France, Norway, and the United Kingdom was 203,000 units, a 60.7% increase from the previous month. Minsheng Securities predicts that European new energy vehicle sales will reach 7 million units by 2025, with a four-year compound growth rate of...
[Separator Weekly: The profit of the leading lithium battery separator has increased significantly! Enjie Co., Ltd. is busy expanding production after receiving large overseas orders] Thanks to the unexpected growth in shipments of automotive power batteries and energy storage batteries, shipments of lithium battery separators will increase significantly in 2021. The "White Paper on the Development of China's Lithium-ion Battery Separator Industry (2022)" jointly released by research institutions EVTank, Ivey Economic Research Institute and China Battery Industry Research Institute shows that in 2021, China's lithium-ion battery separator shipments will be 8.06 billion square meters. A significant year-on-year increase of 108.3%, of which wet separator shipments...
[BMW relies on consolidation and Audi relies on hedging BBA, sales are still under pressure behind the double increase in profits in the first quarter] Audi Group released its financial report. In the first quarter, Audi's revenue was 142.82 billion euros, a year-on-year increase of 1.52%; operating profit was 3.468 billion euros, a year-on-year increase of 147%, a record high; return on sales was 24.3% (10.0% in the same period last year). During the period, Audi brand sales...
[Review of weekly news in the chip industry: Global silicon wafer shipments hit a record high in the first quarter | The United States still dominates the global semiconductor industry] Geke Micro has just released its 2021 annual report—— This is also the first annual report card officially handed over by the company after landing on the Science and Technology Innovation Board. During the reporting period, it achieved revenue of 7.001 billion yuan, a year-on-year increase of 8.44%; net profit attributable to the parent company was 1.258 billion yuan, a year-on-year increase of 62.75%; the company's total assets reached 13.304 billion yuan, a year-on-year increase of 133%; gross sales profit margin was 33.71%, a year-on-year increase …
[IC Insights: Global semiconductor R&D expenditures will continue to grow by 9% in 2022, breaking records again] The report shows that the R&D expenditures of global semiconductor companies will increase by more than 13% in 2021, reaching a record of US$71.4 billion. Intel is Historically high R&D spending of $15.2 billion (up 12%) continues to top the list, accounting for approximately 19% of the industry. For comparison, in 2020, Intel's R&D expenditure only increased...
[Photovoltaic industry news of the week: Amid rising raw material prices, where is the breakthrough for photovoltaic packaging companies? | The photovoltaic track is open!】 Since the beginning of 2022, the shortage of raw materials is attacking the photovoltaic industry chain. In addition to silicon materials, auxiliary material links such as photovoltaic film and backsheet industries have been affected by this. In the face of terminal demand, In a good market environment, enterprises need to face challenges and find breakthroughs for development...
[Baotou, Inner Mongolia: As of the end of April 2022, the installed photovoltaic capacity is 1.74GW] As of the end of April 2022, the city's grid-connected installed capacity is 17.0065 million kilowatt.Among them, the thermal power installed capacity is 10.6462 million kilowatts, the renewable energy (Plate waste power plant) installed power generation capacity is 24,000 kilowatts; the new energy installed capacity is 6.3603 million kilowatts (accounting for 37.4% of the city’s installed capacity). The wind power and photovoltaic installed capacity in new energy are respectively ...
[Rixin Technology: Revenue fell 55.94% year-on-year in 2021, mainly due to the surge in photovoltaic raw materials and slowdown in power station investment] company’s net profit was -61.0667 million yuan, a decrease of 99.4043 million yuan compared with the same period last year, mainly The reason is: the 100MWp wind and solar complementary power generation project in Tianmen Industrial Park has not been released; the Shayangli City 98MWp agricultural and solar complementary photovoltaic power station and the Xishui Xima 40MWp agricultural and solar complementary photovoltaic power station project company have completed the equity transfer, but...
View the original text:
