DZ20221028

 

Policy

*Premier Li Keqiang held State Council general conference and said to carry forward policies in stabilizing economy and to boost consumption. Refund of excessive VAT paid by manufacturing industry to be promoted in supporting poverty alleviation. Government called for investment expansion and consumption promotion. Consumption recovery is emphasized as main driving force of economy. Rigid and improving housing demands are supported with policies to be issued based on regional background.

Industrial Economy

*National Energy Administration: China Jan-Sept new grid-connected capacity of PV power reached 52.6mio kWh and distributive PV contributes 35.33mio kWh.

 

Co Focus

*Huawei announced Jan-Sept operation performance on Oct 27th with sales income of cny 445.8bn realized and profit margin of main business of 6.1%.

*Sungrow Power (300274 CH) predicted global installment of energy storage to reach 50GWh in 2022 with conservative estimate of 50% growth in 2023 and may reach growth of 100-150% in optimism.

 

Oct 27th Block Trade

*Block Trade Info

*Discount

- Cimc Vehicles (301039 CH) saw 16 block trades worth 73mn at 7.5 yuan per share, 12.28 discount from last closing.

- Zhongtai Securities Co. (600918 CH）saw 1 block trades worth 70mn at 5.9 yuan per share, 10.06 discount from last closing.

- Wintrue Holding Co. (002539 CH）saw 1 block trade worth 44mn at 11.28 yuan per share, 10.12 discount from last closing.

 

*Flat

- GCL Energy (002015 CH）saw 2 block trades worth 59mn at 14.39 yuan per share, 0.00 discount from last closing.

- BAIC BluePark (600733 CH）saw 3 block trades worth 91mn at 6.3 yuan per share, 0.00 discount from last closing.

 

*Premium

- Salt Lake (000792 CH）saw 2 block trades worth 615mn at 23.47 yuan per share, 1.1 premium from last closing.

- Panjiang Refined Coal Co. (600395 CH）saw 3 block trades worth 18mn at 7.58 yuan per share, 4.26 premium from last closing.

- Midea Group Co. (000333 CH）saw 4 block trades worth 27mn at 43.64 yuan per share, 2.49 premium 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 up collectively. December NYMEX contract up 0.78% to closed at $88.60/b, January Brent contract up 0.88% to closed at $94.62/b. INE crude oil active contract up 1.75% to 690.3 yuan/b. Message showed that western countries are approaching to reach an agreement on the upper bound limit for Russia crude oil price, which sparked concerns of supply.

* Precious metals closed mixed. COMEX gold contract down 0.11% to closed at $1667.4/oz. SHFE gold active contract up 0.20% to closed at 393.22 yuan/gram.

* Metals closed down mostly, LME nickel down 1.92%, LME aluminum down 1.88%, LME lead down 1.53%. SHFE tin down 1.50%, SHFE nickel up 0.91%, bonded copper up 0.90%.

* Commodity futures closed down mostly. Energy & chemistry futures saw a weak performance, PVC down 1.78%, MEG down 1.74%, TSR 20 down 1.63%, polyester staple fiber down 1.57%, natural rubber down 1.15%, PP down 1.09%. Black series closed mixed, iron ore down 2.51%, hot-rolled coil down 2.01%, coke down 1.55%, stainless steel down 1.53%, coking coal down 1.07%. Agricultural products closed down collectively, soybean oil down 2.31%, cotton yarn down 1.88%, RBD palm olein down 1.51%, cotton down 1.34%, rapeseed oil down 1.26%.

 

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