DZ20220609

 

*Key points

Policy

*Premier Li keqiang held State Council general conference which emphasized to further elaborate and implement policies to stabilize economy to ensure reasonable economic growth in Q2. Harvest of summer grain production, stable supply of coal and power to be ensured with stable commodity price. Measures to stabilize foreign trade and investment to be carried forward and level of opening-up to be improved via tax refund, fee deduction and encourage list.

 

Industrial Economy

*China May retail passenger car sales down 17% y/y and up 30% m/m with wholesale down 3% y/y and up 64% m/m, according to PCA preliminary data.

*CCMA collected statistical data on 26 excavator manufacturing firms that sales of all types of excavators in May of 20.6k units, down 24.2% y/y and domestic sales down 44.8% y/y while exports up 63.9% y/y.

 

Co Focus

*CATL clarified rumors suggesting its investment losses of futures over cny 1bn in Q1, to be settled in its 1H report that it is untrue.

 

Rumors

*Market rumors saying purchase threshold of snowball option products been lifted up to cny 10mio for individual investors, though responded by brokers that current sales threshold remains to be cny 1mio with no lifting requirement been heard and regulators under interviews saying not familiar with this matter.

 

*Block Trade Info

*Discount

- Zuojiang Tech (300799 CH) saw 2 block trades worth 30mn at 60yuan per share, 7.83 discount from last closing.

- SMIC (688981 CH) saw 2 block trades worth 92mn at 43.59yuan per share, 2.9 discount from last closing.

- Supcon Tech (688777 CH) saw 7 block trades worth 105mn at 76.09yuan per share, 6.55 discount from last closing.

- Joinn Laboratories (603127 CH) saw 3 block trades worth 61mn at 108.48yuan per share, 8.79 discount from last closing.

- iRay Tech (688301 CH) saw 6 block trades worth 33mn at 408.06yuan per share, 1.00 discount from last closing.

- Salt Lake (000792 CH) saw 10 block trades worth 166mn at 32.3yuan per share, 0.43 discount from last closing.

- 5I5J Holding (000560 CH) saw 6 block trades worth 55mn at 2.68yuan per share, 6.29 discount from last closing.

 

*Flat

- YTO Express (600233 CH) saw 2 block trades worth 82mn at 21.45yuan 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)

Commodities (night session):

* Global crude oil price rose collectively. July NYMEX crude oil contract up 2.51% to closed at $122.41/b, August Brent contract up 2.8% to closed at $123.94/b. INE crude oil active contract up 2.64% to 773 yuan/b.

* COMEX gold active contract up 0.19% to closed at $1855.6/oz, SHFE gold active contract closed at 399.6 yuan/gram (up 0.42%).

* Metals mostly rose. LME aluminum up 2.07%, copper up 0.37%. SHFE aluminum up 0.87%, copper up 0.39%.

* Commodity futures mostly rose, Energy & chemistry futures saw strong performance, EB up 2.29%, soda ash up 2.27%, TSR 20 up 2.22%, natural rubber up 1.97%. Black series all closed up, steel rebar up 0.95%, hot-rolled coil up 0.68%, coking coal up 0.57%, iron ore up 0.49%. Agriculture futures mostly went up, rapeseed meal up 1.83%, soybean meal up 1.56%, No.2 soybean up 0.95%, rapeseed oil up 0.9%.

 

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