DZ20220414

 

*Key points

Macro

*Premier Li Keqiang held State Council general meeting which encourages large bank to reduce provision coverage in order and to cut RRR at proper time to support real economy with comprehensive financing cost to be lowered. Measures will be taken to boost consumption and no additional purchase restriction allowed on automobile with economic fundamental to be stabilized. Tax refund of exports to be enhanced to promote stable development of foreign trade.

 

Industrial Economy

*Premier Xi vows to build up free trade port with Chinese characteristic and world influence in accelerated pace during investigation in Hainan.

*MIIT issued 2022 work plan on special work team of industrial internet which vows to further optimize construction of national industrial internet big data center including 5G full-connected plants. Qualified firms are supported on stock issuance, listing and refinancing with investment of VC firms at initial stage to be guided.

*PBoC issued special rediscounting product to ensure energy supply with cny 890mio note financing supports to be provided to 10 thermal power plants as strong financial supports for energy transformation.

*Price of lithium carbonate dropped below cny 500k for the first time within the year amid weakening demand, Securities Journal reported.

*The transitional period of e-cigarette to end by Sept 30th 2022 with business operation to be carried out strictly follow regulations after and firms acquired cigarette sales licenses shall trade on e-cigarette trading management platform from June 15th 2022.

 

*Block Trade Info

*Discount

- China Railway (000927 CH) saw 4 block trades worth 263mn at 4.22 yuan per share, 1.29pct discount from last closing.

- Eternal Asia Supply (002183 CH) saw 1 block trade worth 47mn at 4.91 yuan per share, 9.74pct discount from last closing.

- Asia—Potash（000893 CH）saw 1 block trade worth 39mn at 39.33yuan per share, 1.5pct discount from last closing.

- Xinning Modern Logistics (600079 CH) saw 3 block trades worth 32mn at 13.73 yuan per share, 6.79pct discount from last closing.

- Botanee (600729 CH) saw 3 block trades worth 72mn at 179.94 yuan per share, 0.51pct discount from last closing.

- Addsino Co (000547 CH) saw 1 block trade worth 58mn at 9.42yuan per share, 11.13 discount from last closing.

*Flat

- China Shipbuilding (601989 CH) saw 2 block trades worth 103mn at 3.83 yuan per share, 0.00pct discount from last closing.

 

*Margin Trade

*Connection Trade

*Index Futures

*Index Options

*Treasury Futures

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

Commodities (night session):

* Global crude oil price rose collectively. May NYMEX crude oil contract up 3.53% to closed at $ 104.15/b, June Brent contract up 4.03% to closed at $108.86/b. INE crude oil active contract rose 3.99% to 674.8 yuan/b.

* COMEX gold active contract rose 0.26% to closed at $1981.3/oz, up for 6-consecutive days and hit 1-month high. SHFE gold active contract closed at 405.28 yuan/gram (up 0.43%).

* Metals mostly closed up. LME nickel up 1.35%, aluminum down 0.31%, copper down 0.4%. SHFE aluminum up 0.69%, copper down 0.09%, bonded copper down 0.02%.

* Commodity futures performed mixed, Energy & chemistry futures saw diverge performance, low sulfur fuel oil up 2.06%, LPG up 1.9%, fuel oil up 1.51%, glass down 1.37%. Black series performed mixed, thermal coal up 0.9%, iron ore down 1.28%. Agriculture futures mostly closed down, rapeseed meal down 0.97%, cotton down 0.79%.

 

Download PDF

 

 

 

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.