DZ20220210

 

*Key points

 

Industrial Economy

*Cyberspace Administration of China and 3 other departments jointly held work forum in promoting healthy and sustainable development of internet companies on Jan 28th with speeches made by 5 representatives and said to improve quality and efficient in deepen reform.

*Local cities are required to submit a batch of extra special bond projects on early basis with emphasis on construction of pipe network and water conservancy as well as project reserve of rural revitalization and modernization.

*NDRC and Energy Administration held meeting on coal supply and price which emphasized normal production resumption and talks will be held at the first time when falsely high price is detected.

 

Co Focus

*Evergrande set forth the aims for building handover of 70mio square meters and 600k sets with half target to be completed by 1H. It is able to launch overall work resumption with cny 50bn fund in hand from presale.

*Presidents of Sungrow Power Supply and CATL held talks with cooperation to be further expanded on battery cell and energy converter as well as world application.

 

Feb 9th Block Trade

*Block Trade Info

*Discount

- Sinofibers Tech (300777 CH) saw 1 block trade worth 20mn at 37 yuan per share, 21.89pct discount from last closing.

- BOC International (601696 CH) saw 2 block trade worth 19mn at 11.27yuan per share, 8.08pct discount from last closing.

- Salt Lake (000792 CH) saw 2 block trade worth 114mn at 30.06yuan per share, 0.63 discount from last closing.

- Emperor Tech (300546 CH) saw 3 block trade worth 19mn at 30.27 yuan per share, 223.33pct discount from last closing.

- Nce Power (605111 CH) saw 3 block trade worth 97mn at 148.61yuan per share, 1.5pct discount from last closing.

- Tinci Materials (002709 CH) saw 2 block trade worth 19mn at 91.13yuan per share, 0.92pct discount from last closing.

- Asymchem Laboratories (002821 CH) saw 1 block trade worth 30mn at 280 yuan per share, 6.82pct discount from last closing.

 

Premium

- Kuncai Material (603826 CH) saw 1 block trade worth 11mn at 45.59yuan per share, 6.52pct premium from last closing.

 

*Margin Trade

*Connection Trade

*Index Futures

*Index Options

*Treasury Futures

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

* Global oil prices mostly closed up with March contract of WTI rose by 0.75%, quoted at $90.03/barrel, and the April contract of Brent went up by 1.04%, closed at $91.72/barrel. According to EIA, commercial crude oil inventories excluding strategic reserves dropped by 4.756 million barrels, declined 1.1%.

* COMEX gold futures closed higher to $1,834.2 per ounce with a 0.34% increase, COMEX silver futures settle at $23.31 per ounce with 0.47% increase. Comparing to previous trading day, the gold holding position of SPDR went flat at 1015.96 tons.

* For the night session on February 9, commodity market closed mixed for black series leading the downside, thermal coal dropped the most with 4.11% decline, coking coal and coke both eased back by 3.5% and 2.4% respectively, while steer rebar and iron ore both went up slightly by the close. Regarding chemical and energy sector, glass and soda ash both shifted up by more than 2%, while methanol settled with 2.03% decrease. In terms of agricultural products, palm oil continued its upward tendency, shifted up by 2.04%. Likewise, soybean oil and No.2 soybean both climbed more than 1% and closed up.

* LME metals closed higher mostly with LME copper surged by 3.21% to $10,095/ton, LME zinc up by 2.05% to $3,666.5/ton, LME nickel went up by 2.59% to $23,280 ton, LME aluminum up by 2.51% to $3,263/ton, LME tin shifted 0.33% higher to $43,070/ ton, and LME lead closed up with 2.86% increase at $2,268/ton.

 

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