DZ20230221

Macro:

*CSRC launch the real estate PE fund pilot project to support the steady and healthy development of the real estate market.

*HR and social security Dept allow the insured to choose receive the enterprise annuity at one time when they retire.

*In February, the 1-year LPR was 3.65%, and the 5-year and above varieties were 4.30%. Experts believe that since the beginning of the year, the economic recovery has shown a momentum, and the financing costs of enterprises are in a continuous downward channel, so it is not necessary to reduce interest rates at present. Subsequently, in order to promote the stabilization and recovery of the property market as soon as possible, there is still a room for the reduction of LPR over the five-year period.
 

Industrial Economy

*The price of pigs in most areas of China rose slightly in the first half of the week, it‘s difficult to follow up on the end market. The slaughtering enterprises tried to buy at a lower price. The price of pigs fell slightly, but the decline was limited., the game between supply and demand is fierce in short term period, and estimated that the pig price will continue to adjust in a narrow range, and the pig feed ratio will rise slowly.

*Due to the consideration of supply and demand of automotive semiconductors are no longer seriously tight. Most auto-chips customers can transfer to new factories in Japan, US and other places for production. The construction of new factories in Europe proposed to be delayed for two years.

 

*Feb 20th Block Trade

*Block Trade Info

*Discount

-Changbao Steeltube Co.(002478 CH) saw 8 block trades worth 30mn at 5.8 yuan per share, 8.23 discount from last closing.

- Eastern Air Logistics Co.(601156 CH) saw 15 block trades worth 66mn at 14 yuan per share, 10.37 discount from last closing.

- Kweichow Moutai Co. (600519 CH) saw 2 block trades worth 62mn at 1845-1847.64 yuan per share, 1.46-1.60 discount from last closing.

- Hangzhou Oxygen Plant (002430 CH）saw 1 block trade worth 534mn at 37.38 yuan per share, 0.93 discount from last closing.

- Jiangyin Rural Commercial Bank (002807 CH) saw 2 block trades worth 32mn at 3.71 yuan per share, 11.88 discount from last closing.

*Flat

- BAIC BluePark (600733 CH）saw 1 block trade worth 11mn at 6.42 yuan per share, 0.00 discount from last closing.

- Bohai Chemical Co. (600800 CH) saw 1 block trade worth 54mn at 4.01 yuan per share, 0.00 discount from last closing.

- Zangge Mining Co (000408 CH) saw 9 block trades worth 848mn at 27.48 yuan 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 closed up collectively. April NYMEX crude oil contract up 1.12% to closed at $77.41/b, April Brent contract up 1.08% to closed at $83.90/b. INE crude oil active contract up 0.72% to 556.3 yuan/b.

* Precious metals closed up collectively. COMEX gold contract up 0.01% to closed at $1850.3/oz. SHFE gold active contract up 0.04% to closed at 411.90 yuan/gram.

* Metals closed up collectively, LME lead up 5.04%, LME nickel up 4.83%, LME tin up 3.34%, LME aluminum up 3.12%. SHFE nickel up 3.97%, SHFE tin up 3.49%, SHFE zinc up 1.75%, SHF lead up 1.49%.

* Commodity futures closed up mostly, energy & chemistry futures saw strong performance, PTA up 2.61%, PVC up 2.35%, EB up 2.09%, bleached softwood kraft pulp up 1.9%, MEG up 1.85%, soda ash up 1.66%. Black series closed up collectively, coking coal up 3.52%, iron ore up 3.21%, coke up 2.07%, steel rebar up 1.7%. Agriculture futures closed up mostly, cotton up 1.23%.

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.