DZ20220310

 

*Key points

Breaking

*China Meheco Co. (600056 CH) said in the announcement that it will handle business related to Pfizer’s Covid pill Paxlovid on the Chinese mainland in 2022.

 

Financials

*Fund companies replied to rumors suggesting passive equity position cut of “fixed income plus” funds was one of the reasons behind recent market slump that there is only minor position adjustment which has limited impact on market.

 

Industrial Economy

*Ministry of Transportation requires ensuring practical results of carbon peak and neutral in transportation fields with application of new energy and clean transportation promoted and comprehensive transportation system built up in Hainan.

 

Co Focus

*CATL responded to rumors saying rejection of orders given rising cost of lithium carbonate that normal production and supply been secured.

*Huayou Cobalt (603799 CH) clarified its hedge trade on nickel was carried out for normal business operation rather than active speculation and company has yet been forced to liquidate. Though the trend of nickel futures may be uncertain and may trigger potential hedge losses. Besides, company is under normal operation with nickel and cobalt projects in Indonesia in progress.

 

*Block Trade Info

*Discount

-China Chemical (601117 CH) saw 1 block trade worth 278mn at 8.5 yuan per share, 1.16pct discount from last closing.

- Yahua Industrial (002497 CH) saw 1 block trade worth 187mn at 28.02yuan per share, 11.8pct discount from last closing.

- Sg Micro Corp (300661 CH) saw 16 block trades worth 783mn at 297.32yuan per share, 6.09pct discount from last closing.

- Sunmoon Microelectronics (688699 CH) saw 12 block trades worth 101mn at 144.09 yuan per share, 6.07pct discount from last closing.

 

*Flat

- Zijin Mining (601899 CH) saw 1 block trade worth 25mn at 11.27 yuan per share, 0.00pct discount from last closing.

- HUAYU Auto (600741 CH) saw 5 block trades worth 202mn at 21.47yuan per share, 0.00pct discount from last closing.

- Sany Heavy Industry (600031 CH) saw 3 block trades worth 28mn at 17.08yuan per share, 0.00 discount 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 slumped as April contract of WTI dropped by 11.46%, quoted at $109.53/barrel, recorded the largest decline since November 26. Likewise, May contract of Brent shifted down by 12.32%, closed at $112.21/barrel. The easing of situation in Russia and Ukraine plus the news that UAE may support the increase in OPEC+ production have driven oil prices to fall.

* COMEX gold futures closed lower to $1,995.7 per ounce with 2.33% decline, fell for the first time over the past 5 days..COMEX silver futures settle at $26.06 per ounce with 3.1% decrease. As European and US stocks soared, risk aversion sentiment was cooled as a result.

* For the night session on March 9, commodity market mostly closed down for chemical and energy series leading the downside. Fuel oil dropped the most with 6.18% decline. Methanol and PTA slumped by 4.39% and 3.64% respectively. Likewise, black series mostly closed lower including thermal coal fell over 6% and iron ore down by 5.51%. Coke went down more than 2% and coking coal shifted 1.63% lower.

* LME metals mostly closed down with LME copper fell by 2.27% to $9,977/ton, LME zinc down by 7.15% to $3,840/ton, LME aluminum down by 5.63% to $3,301/ton, LME tin shifted 17.01% lower to $40,375/ ton, and LME lead closed down with 5.49% decline at $2,360/ton.

 

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