DZ20220727

 

*Key points

China-U.S.

*President Xi Jinping will speak with U.S. President Joe Bidenon Thursday amid fresh tensions over Taiwan, according to people familiar with the matter, Bloomberg reported.

 

Macro

*The International Monetary Fund on Tuesday projected global economic growth will slow to 3.2 percent in 2022, cutting the outlook for the third time this year as Russia's war on Ukraine drives up inflation worldwide and China's COVID-19 lockdowns lead to a worse-than-expected slowdown.

*China will support and actively participate in the construction of Indonesia’s new capital and industrial park and expand imports of palm oil and other high-quality Indonesian agricultural products, Premier Li Keqiang said when he met Indonesia president Joko.

 

Industry

*Fair in connection of poverty alleviation projects and financial institutions been held during July 26, but the progess may have missed expectation, according to some people attended the meeting, 21th Century reported.

*Shenzhen issues three measures on July 26 to boost quality development of biomedical industry cluster, high-end medical device industry cluster and big health industry cluster.

*Shanghai kicks off the opening ceremony of Information Consumption Festival 2022 on Tuesday and it announces to give out over ten billion yuan worth of coupon and consumption welfare.

*Longi and Tongwei both announced on Tuesday to raise prices of products related to silicon wafer and solar cell by 3%-4.3%,

 

Co Focus

*Fosun Pharm announced that it has raised 4.484bn yuan via issuing 107mio share at 42 yuan apiece to ten specific investors including Perseverance Asset Mgmt., UBSAG, CITICS, etc.

 

July 26th Block Trade

*Block Trade Info

*Discount

- SMIC (688981 CH) saw 1 block trade worth 41mn at 40.92 yuan per share, 1.49 discount from last closing.

- China Nuclear Power (601985 CH) saw 2 block trades worth 29mn at 5.59 yuan per share, 9.55 discount from last closing.

- Eging Photovoltaic Tech (600537 CH) saw 3 block trades worth 28mn at 4.66 yuan per share, 15.43 discount from last closing.

- Trina Solar Co. (688599 CH) saw 13 block trades worth 261mn at 72.19 yuan per share, 5.46 discount from last closing.

- Shaanxi Coal Industry (601225 CH) saw 1 block trade worth 72mn at 17.07 yuan per share, 12.42 discount from last closing.

- Tianshan Aluminum (002532 CH) saw 2 block trades worth 81mn at 5.79 yuan per share, 10.51 discount from last closing.

- Sentury Tire Co (002984 CH) saw 3 block trades worth 45mn at 33.93yuan per share, 7.03 discount from last closing.

- Contemporary Amperex (300750 CH) saw 1 block trade worth 63mn at 470 yuan per share, 9.96 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 closed mixed. September NYMEX crude oil contract down 1.2% to closed at $95.54/b, September Brent contract down 0.47% to closed at $99.72/b. INE crude oil active contract up 0.03% to 660.7 yuan/b. Oil price dropped after US government announced to release 20mio barrels strategic crude oil storage.

* Precious metals closed mixed. COMEX gold active contract down 0.22% to closed at $1715.4/oz, SHFE gold active contract up 0.05% to closed at 376.66 yuan/gram. US Fed upcoming rate hike generated pressures on gold price.

* Metals closed mixed. LME zinc up 1.69%, LME copper up 0.88%, LME lead up 0.55%. LME nickel down 2.2%, LME tin down 0.73%. SHFE aluminum up 0.56%, SHFE zinc up 0.22%. SHFE nickel down 1.34%, SHFE tin down 1.32%, SHFE lead down 0.46%.

* Commodity futures closed up mostly. Energy & chemistry futures showed a strong performance, EB up 1.72%, bitumen up 1.68%, methanol up 1.38%, LPG up 1.31% and PTA up 1%. Black series closed up mostly, iron ore up 2.48%, coking coal up 1.13%, coke up 1.09%, thermal coal down 0.94%. Agriculture futures products closed up collectively, No,1 soybeans up 0.81%, soybean meal up 0.75%, sugar up 0.71%, rapeseed meal up 0.67%.

 

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