DZ20220401

 

*Key points

Financials

*Several trust companies have received window guidance in recent days and no additional property trust using bank credit as underlying asset is allowed with existing business to be cleared, Securities Journal reported.

 

Industrial Economy

*Fujian housing and construction dept issued guidance to further optimize withdrawal of public accumulation fund on down payment of housings, to take effect from April 1st.

*Qiushi published article written by President Xi which said to prioritize problem solving of agriculture, rural region and famers with rural revitalization to be promoted with all efforts.

 

Shanghai Covid

*Shanghai requires people to provide negative acid test certificate within 48 hours and negative antigen detection within 24 hours before leaving the city from April 2nd.

 

Co Focus

*The subscription results of I Moutai pre-launch been disclosed and subscription has exceeded millions on all 4 products.

 

Apr 1st Block Trade

*Block Trade Info

*Discount

- iRay Tech (688301 CH) saw 2 block trades worth 51mn at 351.97yuan per share, 4.5 pct discount from last closing.

- Rongsheng Petrochemical (002493 CH) saw 5 block trade worth 768mn at 14.04yuan per share, 1.83 discount from last closing.

- Jinke Property (000656 CH) saw 1 block trades worth 48mn at 4.76yuan per share, 3.05pct discount from last closing.

- Huaibei Mining (600985 CH) saw 3 block trades worth 90mn at 15.39yuan per share, 1.26pct discount from last closing.

- Pharmaron (300759 CH) saw 2 block trades worth 148mn at 117.13yuan per share, 2.47pctdiscount from last closing.

- Kweichow Moutai (600519 CH) saw 1 block trade worth 25mn at 1633.39yuan per share, 4.98pct discount from last closing.

- Chifeng Gold (600988 CH) saw 4 block trades worth 67mn at 17.16yuan per share, 5.35pct discount from last closing.

 

*Flat

- Pylon Tech（688063 CH）saw 2 block trades worth 77mn at 120.66yuan per share, 0.00pct discount from last closing.

*Margin Trade

*Connection Trade

-Southbound trading was suspended on Mar 31st.

*Index Futures

*Index Options

*Treasury Futures

*Night Session Commodities Market (As of 02:30 am)

* Global oil prices mostly closed down as May contract of WTI slumped by 6.14%, quoted at $101.2/barrel, added 5.73% MoM. Likewise, June contract of Brent dropped by 5.2%, closed at $105.65/barrel, increased 7.84% MoM.

* COMEX gold futures closed higher to $1,942.3 per ounce with 0.17% increase, added 2.19% MoM. While COMEX silver futures settled at $24.97 per ounce with 0.57% decline, shifted 2.48% higher MoM. As of March 31, the gold holding positons of SPDR went flat at 1,091.44 tons.

* For the night session of April 1, commodities market closed mixed for bitumen rose by 1.23%, TSR 20 and natural rubber both inched up slightly, while LPG and methanol both dropped more than 2%, and glass went down close to 2%. Black series mostly closed up including coke and coking coal rose by approximately 1%. Iron ore and steel rebar rose slightly as well while thermal coal dropped close to 1%. In terms of agricultural products, rapeseed oil and soybean oil climbed more than 1%, while palm oil settled with 0.54% decline.

* LME metals closed mixed with LME copper went flat by at $103,607/ton, LME zinc up by 0.59% to $4,173.5/ton, while LME nickel dropped by 2.41% to $32,100/ton, LME aluminum went down by 2.34% at $3,468/ton, LME tin shifted 1.08% higher to $42,950/ ton, while LME lead closed down with 1.05% decline to $2,392/ton.

 

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The report is issued by Orient Securities Co. LTD (Orient Securities) and Shanghai Orient Futures Co. LTD (Orient Futures) to institutional investors. Opinions expressed may differ from those of other divisions of Orient Securities, including Orient Securities Research Institute. Orient Securities may trade as principal in instruments identified herein and may accumulate/have accumulated a long or short position in instruments or derivatives thereof. Orient Securities has policies designed to negate conflicts of interest. This e-mail is not an official confirmation of terms and unless stated, is not a recommendation, offer or solicitation to buy or sell. Any prices or quotations contained herein are indicative only. Communications may be monitored.