DZ20220322

 

*Key points

Breaking

*A Boeing Co. 737-800 NG plane operated by China Eastern Airlines Corp. crashed Monday in the southwestern Chinese province of Guangxi. China Eastern Airlines said it will ground all of its Boeing 737-800 jets starting Tuesday and denied the rumor regarding it strictly controlling maintenance expenditure to reduce costs under huge losses pressure and says it discloses in the annual report that 2021 maintenance expenditure grew by 12% from that of 2019.

 

Macro

*The State Council general meeting held deployed multiple measures to stabilize market expectation and to maintain stable healthy development of capital market which suggested to 1) enhance supports of monetary policy on real economy; 2) maintain policy stability; 3) create stable, transparent and predictable market environment by rule of market, law and global principle; 4) revitalize market confidence by adopting targeted measures and closely tracking domestic and overseas trend; 5) stabilize foreign trade and investment and maintain basic balance of yuan currency and global budget.

 

Industrial Economy

*NDRC and National Energy Administration jointly issued new type energy storage development plan during the 14th FY and to step in stage of scale development in equipment with conditions of massive commercial application.

*NDRC and MoF jointly issued notice to inject 1mio ton national reserved potash fertilizer to ensure agriculture production during the spring plowing period.

 

Co Focus

*CATL adjusted price of partial battery products dynamically amid rising price of raw materials at upstream.

 

Mar 22nd Block Trade

*Block Trade Info

*Discount

- Bio-Medical Tech（688166 CH）saw 7block trades worth 24mn at 27.1yuan per share, 9.93pct discount from last closing.

- Dalian Insulator (002606 CH) saw 1 block trade worth 42mn at 9.59yuan per share, 4.96pct discount from last closing.

- Hanjian Heshan (603616 CH) saw 1 block trades worth 52mn at 10.38yuan per share, 3.98pct discount from last closing.

- Goldengreen Tech(002808 CH) saw 2 block trade worth 36mn at 7.38yuan per share, 8.66pct discount from last closing.

- Xgimi Tech (688696 CH) saw 8 block trades worth 72mn at 339.98yuan per share, 1.5.3 discount from last closing.

- Meijin Energy (000723 CH) saw 1 block trade worth 99mn at 12.35yuan per share, 7pct discount from last closing.

- Qumei Home (603818 CH) saw 14 block trades worth 128mn at 11.02yuan per share, 7.63pct discount from last closing.

 

*Flat

- Huayi Group (002082 CH) saw 1 block trades worth 212mn at 8.33yuan per share, 1.0.00 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 closed up as May contract of WTI rose by 3.99%, quoted at $107.2/barrel, increased for three consecutive days. Likewise, June contract of Brent shifted up by 7.48%, closed at $112.93/barrel. Supply concerns plus that several EU countries have imposed new sanctions against Russia have boosted oil prices.

* COMEX gold futures closed lower to $1,925.3 per ounce with 0.21% decline, while COMEX silver futures settle at $25.15 per ounce with 0.25% increase. Powell said the Fed will take necessary measures to curb inflation, representing that the pace of interest rate hikes might be accelerated.

* For the night session of March 22, commodities market mostly closed up for chemical and energy sector went up strongly, low sulfur fuel oil surged by 5.69%, fuel oil closed 5.11% higher. Both LPG and methanol added more than 2%. Black series closed mixed as thermal coal rose close to 1%, while coke and iron ore slipped 0.81% and 0.78% lower respectively. In terms of agricultural products, rapeseed meal climbed by 3.7%, hit the new recorded high. Soybean meal inched up by 2.23%, No.2 soybean and palm oil both settled with more than 1% increase.

* LME metals closed mixed with LME copper fell by 0.6% to $102,69.5/ton, LME zinc up by 2.42% to $3,918.5/ton, LME nickel slumped by 14.99% to $31,380/ton, LME aluminum up by 4.17% to $3,522/ton, LME tin shifted 0.96% lower to $42,900/ ton, and LME lead closed down with 0.09% decrease to $2,250.5/ton.

 

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