DZ20220111

*Key points

 

Property

*9 state-owned real estate companies have been required to provide liquidity support to 11 enterprises under middle-high risk via asset and project merger, while the credibility has not yet been confirmed.

 

Industrial Economy

*Premier Li Keqiang held State Council general conference and said to promote major projects in accelerated pace and to expand efficient investment. Centralized drug procurement will be carried out regularly with system to be set up to alleviant patient burden.

*The State Council approved construction plan of modern logistic system during the 14th 5-year plan period which emphasized to promote construction of both hardware and software with flow efficiency to be improved and cost to be cut.

 

Co Focus

*50k bottle of Moutai was available for sell on Tmall on Jan 10th at original price with limit purchase of 2 bottle each person.

*Huawei to release its own browser in 2024, said by one of its senior officers.

*The official WeChat account of Inner Mongolia Baotou Steel (600010 CH) suggested estimated combined operation income in 2021 of cny 128bn, up 47.6% y/y and net profit of cny 10.3bn, up 545.3% y/y.

 

*Margin Trade

*Connection Trade

*Index Futures

*Index Options

*Treasury Futures

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

 

* Global oil prices mostly went down with February contract of WTI fell by 0.6%, quoted at $78.43/barrel, and the March contract of Brent down by 0.92%, closed at $81/barrel.

* According to Vale, the iron ore estimated production in 2022 is 320-335 million tons. Lately, railways were shut down due to the rainfall in Minas Gerais State in Brazil, iron ore production was partially suspended.

* COMEX gold closed up with 0.22% increase at $1801.3 per ounce, and COMEX silver shifted 0.41% higher to $22.5 per ounce. As of January 10, the gold position of SPDR Gold Trust approximately remained unchanged at 977.08 tons.

* For the night session on January 10, commodity market closed mixed with black series leading the downside, thermal coal fell the most with 3.3% decline, coke and coking coal slipped by 1.9% and 1.84% respectively, while iron ore rose by 1.07%. Regarding chemical and energy sector, methanol slumped close to 3%, EG went down more than 2%, both LPG and paper pulp fell close to 2%. In term of agricultural products, rapeseed oil shifted 0.2% lower.

* LME metals closed mixed with LME copper fell by 0.85% to $9,565/ton, LME zinc down by 1.29% to $3,487.5/ton, LME nickel went up by 0.27% to $20,790 ton, while LME aluminum rose by 0.63% to $2,933/ton, LME tin shifted 0.75% higher to $40,125/ ton, while LME lead closed down with 0.07% decline at $2,276.5/ton.

 

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