DZ20220509

 

*Key points

Policy

*Premier Li Keqiang instructed all government departments and regions to prioritize measures aimed at helping businesses retain jobs and weather the current difficulties to achieve the target set for the year.

*Shanghai city extend college entrance examination by 1 month to July 7th to 9th.

 

Financials

*China foreign exchange reserve by end-April of usd 3.1197tn, down 2.14% m/m with gold reserve hold flat by 62.64mio ounce.

 

Industrial Economy

*China to accelerate construction of modernized infrastructure system with network efficiency to be improved and investment potential to be released for high quality development of economy.

*CPCAAUTO: China retail sales of passenger vehicles in April of 1.05mio units, down 35% y/y and 33% m/m.

*PBoC to issue cny 100bn re-loan to support financing in transportation, logistics and storage sectors.

 

Co Focus

*CATL saw over 1k employees returned back to work for rate of 90% and capacity back to pre-pandemic level with additional capacity to be increased when conditions allow.

 

*Block Trade Info

*Discount

- Sinofibers Techn (300777 CH) saw 1 block trade worth 60mn at 38.93 yuan per share, 19.73pct discount from last closing.

- Gigadevice Semiconductor (603986 CH) saw 1 block trade worth 113mn at 116.5yuan per share, 2.35 discount from last closing.

- Solartron Tech (688299 CH) saw 4 block trades worth 34mn at 14.23yuan per share, 8.13 discount from last closing.

- iRay Tech (688301 CH) saw 6 block trades worth 51mn at 341.77 yuan per share 0.7 discount from last closing.

- Cosco Shipping (600026 CH) saw 1 block trade worth 59mn at 8.11yuan per share, 2.52 discount from last closing.

*Flat

- Zoomlion Industry (000157 CH) saw 4 block trades worth 39mn at 5.79 yuan per share, 0.00 discount from last closing.

- Zhonghuan Semiconductor (002129 CH) saw 1 block trade worth 42mn at 38.17yuan per share, 0.00 discount from last closing.

 

*Margin Trade

*Connection Trade

-Nouthbound trading was suspended on May 6th.

*Index Futures

*Index Options

*Treasury Futures

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

* Global oil prices mostly closed up as June contract of WTI rose by 2.17%, quoted at $110.61/barrel. July contract of Brent shifted up by 1.94%, closed at $113.05/barrel. For the week ending on May 6, WTI and Brent settled with 5.65% and 5.52% weekly gain respectively.

* COMEX gold futures closed higher to $1,882.8 per ounce with 0.38% increase, while COMEX silver futures settled at $22.37 per ounce, shrank by 0.33%. Last week, COMEX gold and silver both closed lower with 1.51% and 3.1% decline respectively.

* For the night session of May 9, commodity market mostly closed down for chemical and energy series leading the downside. Methanol fell the most, quoted more than 4% lower. Soda ash and PTA shrank by 2.91% and 1.52% respectively. TSR 20 slipped by 1.43% and closed down as well. Regarding black series, coking coal dropped over 4%, iron ore closed 3.56% lower and steel rebar sank by approximately 3%. Agricultural products remained weak as rapeseed meal fell by 2.31% and soybean meal quoted 1.46% lower.

* LME metals mostly closed down with LME copper fell by 1.07% to $9,388/ton, LME zinc down by 2.91% to $3,791/ton, LME nickel rose by 0.85% to $30,370/ton, and LME aluminum slipped by 2.78% to $2,835/ton. LME tin shifted 2.59% lower to $39,450/ ton, and LME lead quoted 2.06% lower at $2,230 ton.

 

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