DZ20211209
*Key points
Industrial Economy
*NDRC encourages a new round of subsidies on home appliance, home furniture and auto in rural areas.
*Jiangsu Administration for Market Regulation said "prohibition of advertisement and promotion of e-cigarettes" will have laws to abide by after revised provisions for tobacco sales been approved.
*CPCAAUTO: China Nov. retail passenger vehicle sales of 1.81mio units, down 12.7% y/y and down 6% vs 2019. Nov. NEV retail sales of 378k units, up 122.3% y/y and up 19.8% m/m. Chip supply has passed the darkest moment but not yet back to the last year level with bottleneck of none-transparent supply maintains.
*Silicon materials saw turnover low within recent week with product price of all industrial chain saw weekly declines over 3.6% for sluggish demand at the terminal end.
Financials
*Onshore yuan reference rate break 6.35 level against U.S. dollar, new high since May 2018 as of 5PM Dec 8th.
Co Focus
*Muyuan (002714 CH) estimates hog capacity to be built up to exceed 70mio units by end 2021 with current amount of livestock on hand of 36mio units and monthly livestock production maintain around 4.5mio units. Co is optimistic over cost decline in 2022.
*Luzhoulaojiao (000568 CH) said on the interactive platform that engineering project of technical reform has been launched into production with product quality reached premium standard.
*Block Trade Info
*Discount
-Supcon Tech (688777 CH) saw 2 block trade worth 24mn at 61.08/61.07yuan per share, 20.08/20.10pct discount from last closing.
-China Duty Free (601888 CH) saw 1 block trade worth 3mn at 195 yuan per share, 9.5pct discount from last closing.
-Gigadevice Semiconductor (603986 CH) saw 7 block trade worth 161mn at 173.33 yuan per share, 4pct discount from last closing.
-Salt Lake (000792 CH) saw 4 block trade worth 100mn at 28.69yuan per share, 1.44pct discount from last closing.
-3peak Incorporated (688536 CH) saw 3 block trade worth 165mn at 752.94yuan per share, 8.06pct discount from last closing.
Premium
-Shenhua Energy (300750 CH) saw 1 block trade worth 43mn at 21.78yuan per share, 0.14pct premium from last closing.
*Margin Trade
|
Total Margin Balance |
1.7222trillion |
Total Short Selling Balance |
119.4billion |
|
SH Margin Balance |
0.9079trillion |
SH Short Selling Balance |
78.1billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
600031 |
309mio |
600246 |
3.5mio |
|
603986 |
225mio |
601099 |
2.4mio |
|
601689 |
163mio |
601333 |
1.8mio |
|
601919 |
162mio |
601137 |
1.6mio |
|
600588 |
145mio |
601009 |
1.5mio |
|
SZ Margin Balance |
0.8144trillion |
SZ Short Selling Balance |
41.2billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
000858 |
844mio |
301179 |
2.2mio |
|
000568 |
393mio |
000099 |
1.4mio |
|
002709 |
145mio |
002131 |
1.4mio |
|
002475 |
144mio |
000783 |
1.2mio |
|
000723 |
117mio |
000776 |
1.1mio |
*Connection Trade
|
SH-HK Connection (bn cny) |
SZ-HK Connection (bn cny) |
||||
|
Northbound Net Cash Flow |
3.79 |
Northbound Net Cash Flow |
5.90 |
||
|
Southbound Net Cash Flow |
1.41 |
Southbound Net Cash Flow |
1.05 |
||
|
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 |
|
600519 |
1615 |
0.66 |
600887 |
384 |
1.58 |
|
300750 |
1273 |
0.87 |
000723 |
302 |
4.62 |
|
002304 |
1018 |
3.92 |
002475 |
275 |
0.94 |
|
300059 |
568 |
1.55 |
600438 |
271 |
1.34 |
|
002594 |
514 |
0.60 |
002821 |
268 |
2.39 |
*Index Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IF2112 |
102,825 |
18,785 |
72,031 |
3,404 |
79,910 |
3,709 |
|
IF2201 |
11,677 |
5,259 |
8,584 |
2,887 |
9,048 |
2,939 |
|
IF2203 |
26,796 |
7,611 |
46,123 |
2,460 |
53,757 |
3,214 |
|
IF2206 |
6,838 |
3,269 |
11,224 |
858 |
13,644 |
932 |
|
SSE 50 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IH2112 |
57,782 |
4,009 |
38,326 |
463 |
43,750 |
292 |
|
IH2203 |
17,461 |
5,268 |
18,704 |
1,860 |
23,410 |
2,012 |
|
IH2206 |
4,791 |
1,809 |
6,923 |
449 |
9,493 |
515 |
|
CSI 500 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IC2112 |
81,908 |
-5,421 |
76,557 |
-6,296 |
85,059 |
-8,033 |
|
IC2201 |
9,716 |
-1,272 |
16,486 |
940 |
15,919 |
944 |
|
IC2203 |
20,764 |
-3,450 |
60,154 |
-2,558 |
75,170 |
-2,063 |
|
IC2206 |
10,021 |
-2,357 |
41,602 |
-152 |
49,766 |
414 |
*Index Options
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IO2112 |
217879 |
58371 |
70408 |
-3399 |
78075 |
-2332 |
|
IO2201 |
69650 |
36918 |
30647 |
6189 |
29138 |
5689 |
*Treasury Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
2-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TS2112 |
8 |
8 |
240 |
-500 |
240 |
-500 |
|
TS2203 |
22894 |
-4782 |
29629 |
1414 |
31690 |
1574 |
|
5-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TF2112 |
0 |
0 |
3,610 |
0 |
3,610 |
0 |
|
TF2203 |
37323 |
-14085 |
56430 |
1993 |
61671 |
1641 |
|
10-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
T2112 |
0 |
-36 |
490 |
0 |
490 |
0 |
|
T2203 |
89869 |
-49432 |
110901 |
295 |
120996 |
820 |
|
Top 3 Gainers (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Lead |
PB2201 |
15,455.0 |
+2.42% |
42,510 |
41,535 |
|
EG |
EG2201 |
4,997.0 |
+2.08% |
126,069 |
133,411 |
|
Zinc |
ZN2201 |
23,475.0 |
+1.56% |
76,244 |
74,043 |
|
Top 3 Loser (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Soda Ash |
SA205 |
2,278.0 |
-7.29% |
501,105 |
340,583 |
|
TSR 20 |
NR2202 |
11,030.0 |
-2.48% |
10,287 |
23,505 |
|
Iron Ore |
I2205 |
648.0 |
-2.34% |
492,239 |
569,398 |
*Night Session Commodities Market (As of 02:30 am)
* Global oil prices mostly went up with January contract of WTI rose by 0.83%, quoted at $72.65/barrel, and the February contract of Brent went up by 0.62%, closed at $75.91/barrel. According to EIA, commercial crude oil inventories excluding strategic reserves decreased by 241,000 barrels to 432.9 million barrels, declined 0.1%.
* The world largest silver ETF iShares Silver Trust’s position increased by 92.07 tons from the previous day, for 17,002.82 tons currently.
* For the night session on December 8, commodity market closed mixed with soda ash leading the downside, fell over 7%. For chemical and energy sector, TSR 20 and EG both went down over 2%, while methanol rose over 1%. Black series mostly closed down including iron ore shifted 2.34% lower, coking coal, coke and thermal coal went down slightly for approximately 0.5%. In addition, palm oil quoted 1.87% lower.
* LME metals mostly closed up with LME copper rose by 0.6% to $9,653/ton, LME zinc rose by 2.87% to $3,319/ton, LME nickel went up by 0.13% to $20,215/ ton, and LME aluminum went up by 0.25% quoted at $2,635/ton, LME tin rose by 1.44% to $39,495/ ton, and lead shifted 4.76% higher to $2,290/ton.
DISCLAIMER
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.
