DZ20211203
*Key points
Financial News
*China service imports and exports in Jan-Oct of cny 4.198tn, up 12.7% y/y with exports of cny 1.997tn, up 29% y/y, according to MoC.
*President of SHFE said to strengthen application of block chain, AI and big data in futures delivery with level of risk prevention to be fully improved.
Co Focus
*Zhonghuan Semiconductor (002129 CH) adjusted down price of silicon wafer by 6.04%-12.48% vs Nov with new price offered on M10 and extra large silicon wafer.
Industrial Economy
*China Tobacco seeking for public opinions on administrative method of e-cigaratte which said to build up nationwide trading administration plaform in unified standard after license acquired.
*China Index Academy issued report in summary of 2021 and prospect of 2022 property market which predicts decline of floor sales of commercial housings and structural gains by 2%-3.5% of avg sales price in 2022.
*Automobile sales in Nov of 2.47mio units, up 5.9% m/m and down 10.8% y/y after calculation based on weekly reports by 13 key enterprises by CAAM.
*Block Trade Info
*Discount
-SMIC (688981 CH) saw 2 block trade worth 66.62mn at 53.7/63.5 yuan per share, cny 59.07 saw 2.07pct discount and cny 7.55 saw 17.7 premium from last closing
-XCMG Construction Machinery (000425 CH) saw 2 block trade worth 12.5mn at 5.49yuan per share, 8.04pct discount from last closing.
-China Shenhua Energy (601088 CH) saw 1 block trade worth 4.96mn at 20.44yuan per share, 1.16pct discount from last closing.
-Oriental Yuhong (002271 CH) saw 1 block trade worth 254mn at 40.31 yuan per share, 0.00pct discount from last closing.
Premium
-Farasis Energy (688567 CH) saw 3 block trade worth 110mn at 40/31.08/29.54yuan per share, 10.38pct premium and 14.24/18.49 discount from last closing.
*Margin Trade
|
Total Margin Balance |
1.7270trillion |
Total Short Selling Balance |
126.3billion |
|
SH Margin Balance |
0.9085trillion |
SH Short Selling Balance |
78.1billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
600519 |
300mio |
600246 |
2.8mio |
|
603501 |
221mio |
601919 |
2.5mio |
|
600418 |
142mio |
600010 |
1.6mio |
|
600596 |
125mio |
600016 |
1.3mio |
|
601689 |
118mio |
601377 |
1.1mio |
|
SZ Margin Balance |
0.8164trillion |
SZ Short Selling Balance |
42.9billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
000723 |
337mio |
301048 |
3.0mio |
|
002600 |
218mio |
300383 |
2.3mio |
|
000338 |
163mio |
000686 |
1.2mio |
|
000002 |
143mio |
000158 |
0.76mio |
|
000831 |
93.8mio |
002027 |
0.61mio |
*Connection Trade
|
SH-HK Connection (bn cny) |
SZ-HK Connection (bn cny) |
||||
|
Northbound Net Cash Flow |
3.95 |
Northbound Net Cash Flow |
-0.93 |
||
|
Southbound Net Cash Flow |
-0.25 |
Southbound Net Cash Flow |
1.62 |
||
|
Top 5 Northbound Inflow |
Top 5 Northbound Outflow |
||||
|
Name |
Market Value (mio cny) |
‰ out of ttl share outstanding |
Name |
Market Value (mio cny) |
‰ out of ttl share outstanding |
|
300750 |
848 |
0.54 |
002460 |
407 |
1.73 |
|
603259 |
630 |
1.46 |
600111 |
403 |
2.10 |
|
603986 |
465 |
4.21 |
600438 |
281 |
1.37 |
|
600030 |
347 |
1.11 |
600596 |
256 |
11.26 |
|
002129 |
328 |
2.41 |
002594 |
223 |
0.25 |
*Index Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IF2112 |
75,665 |
9,250 |
73,352 |
2,203 |
82,412 |
-91 |
|
IF2203 |
14,043 |
2,329 |
41,903 |
1,477 |
48,486 |
1,395 |
|
IF2206 |
3,630 |
885 |
9,857 |
522 |
11,792 |
432 |
|
SSE 50 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IH2112 |
50,857 |
8,820 |
45,082 |
831 |
50,741 |
1,327 |
|
IH2203 |
10,607 |
3,385 |
16,215 |
1,311 |
20,443 |
1,307 |
|
CSI 500 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IC2112 |
75,845 |
6,052 |
91,619 |
-2,192 |
101,742 |
-2,337 |
|
IC2201 |
9,539 |
1,543 |
11,015 |
2,678 |
9,864 |
2,294 |
|
IC2203 |
19,241 |
4,752 |
60,838 |
393 |
73,824 |
870 |
|
IC2206 |
11,728 |
4,979 |
36,996 |
1,864 |
43,765 |
2,195 |
*Index Options
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IO2112 |
100311 |
13233 |
78519 |
-357 |
84464 |
-355 |
*Treasury Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
2-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TS2112 |
164 |
108 |
751 |
-19 |
751 |
-19 |
|
TS2203 |
23485 |
-3914 |
27039 |
-326 |
28737 |
-649 |
|
5-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TF2112 |
198 |
-18 |
4,538 |
-30 |
4,538 |
-30 |
|
TF2203 |
43146 |
10433 |
60216 |
-926 |
67932 |
-1657 |
|
10-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
T2112 |
238 |
-132 |
524 |
0 |
524 |
0 |
|
T2203 |
108469 |
28383 |
119304 |
892 |
126895 |
912 |
*Night Session Commodities Market (As of 02:30 am)
|
Top 3 Gainers (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Glass |
FG201 |
1,965.0 |
+2.45% |
208,899 |
201,997 |
|
Hot-rolled Coil |
HC2205 |
4,564.0 |
+1.29% |
201,569 |
491,074 |
|
Cotton |
CF201 |
20,775.0 |
+1.17% |
119,198 |
308,336 |
|
Top 3 Loser (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Coking Coal |
JM2205 |
1,886.0 |
-4.04% |
21,726 |
24,700 |
|
PP |
PP2201 |
7,804.0 |
-3.96% |
419,135 |
309,439 |
|
LPG |
PG2201 |
4,130.0 |
-3.62% |
96,620 |
67,294 |
* Global oil prices mostly closed up with the January contract of WTI rose by 2.75%, quoted at $67.37/barrel. Likewise, the February contract of Brent went up by 2.37% to $70.5/barrel. OPEC+ will keep the original plan for production increase.
* According to Goldman Sachs, the decision of OPEC+ regarding the plan for production increase will not undermine the ongoing structural bull market, and oil prices are still expected to rise. In the short term, markets need more information regarding the new coronavirus variety for oil prices to rebound, as well as evidence to prove the physical market is indeed in a short supply before pushing prices up to more than $80.
* For the night session on December 2, commodity market closed mixed with chemical and energy sector kept weakening, PP and LPG fell by 3.96% and 3.62% respectively, both PVC and fuel oil went down more than 2%. For black series, coking coal fell the most with 4.04% decline, iron ore shifted 2% lower. Plus that, main contract of crude oil quoted 2.11% lower to 435.8 yuan/barrel.
* LME metals mostly closed down with LME zinc fell by 1.45% to $3,156/ton, LME nickel went down by 0.21% to $19,905/ ton, and LME aluminum went down by 2.01% quoted at $2,611/ton, LME tin went down by 0.28% to $38,975/ ton, and lead fell by 2.5% to $2,244/ton, while LME copper rose 0.27% to $9,469.5/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.
