DZ20230307

 

Financials

*SASAC: China is aiming for further deepen reform of state-owned enterprises. Real economy and strategic emerging industries to be developed with strategic reorganization and professional integration promoted in construction of modern industrial system.

*Cai Jianchun, head of Shanghai Stock Exchange said during the two sessions that construction of STAR board to be further promoted, central enterprises are encouraged to well use capital market tools, public fund REITS, tech innovation corporate bonds esp. to revitalize existing assets and to stimulate valuation back to reasonable level.

 

Industrial Economy

*Shanghai saw second-hand housing transaction of 19k in Feb 2023, back to avg level in 2021, according to transaction data disclosed on March 6th.

*CCIA held conference with major coking enterprises nationwide with consensus reached on 1) extension of coking time for load reduction and recommendation to limit capacity by around 30%; 2) cut or stop purchase of overpriced coal for cost reduction; 3) optimize sales channels; 4) change of current pricing pattern with coke price to be determined on change of market conditions.

 

Co Focus

*South Korean Media reported saying BOE (000725 CH) is facing difficulties of screen supplies for iPhone 15 series, though no comments made by BOE yet.

*Price offering of white-feather baby chick by Yisheng Livestock & Poultry Breeding (002458 CH) is at 6.6yuan on March 6th, up around 50% in 20 days under strong demand with orders scheduling to late May, according to person in charge in the company.

 

*Mar 6th Block Trade

*Block Trade Info

*Discount

- Sinosoft Co.(603927 CH) saw 1 block trade worth 118mn at 29.51 yuan per share, 11.17 discount from last closing.

- Sinofibers Tech (300777 CH) saw 1 block trade worth 67mn at 43.81 yuan per share, 20.92 discount from last closing.

- Intco Recycling Resources Co. (688087 CH) saw 2 block trades worth 26mn at 43.62 yuan per share, 1.00 discount from last closing.

- Elion Energy (600277 CH）saw 1 block trade worth 39mn at 4.83 yuan per share, 1.43 discount from last closing.

- Bestway Marine & Energy (300008 CH）saw 1 block trade worth 114mn at 4.57 yuan per share, 7.68 discount from last closing.

- Bank of Lanzhou Co. (001227 CH) saw 1 block trade worth 79mn at 3.27 yuan per share, 9.42 discount from last closing.

 

*Flat

- Xingye Mining (000426 CH) saw 2 block trades worth 29mn at 7.61 yuan per share, 0.00 discount from last closing.

- Fastprint Circuit Tech Co. (002436 CH) saw 1 block trade worth 34mn at 11.34 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 1.02% to closed at $80.49/b, May Brent contract up 0.5% to closed at $86.26/b. INE crude oil active contract up 2.33% to 578.6 yuan/b.

* Precious metals closed mixed. COMEX gold contract down 0.12% to closed at $1852.4/oz. SHFE gold active contract up 0.40% to closed at 418.64 yuan/gram.

* Metals closed mixed, LME zinc down 0.84%, LME aluminum down 0.75%, LME tin down 0.71%. LME lead down 0.66%. SHFE zinc up 0.41%, bonded copper up 0.29%.

* Commodity futures closed mixed, energy & chemistry futures saw strong performance, glass up 2.06%, PTA up 1.01%. Black series closed down collectively, coke down 0.7%. Agriculture futures closed down mostly, RBD palm olein down 1.34%, rapeseed oil down 1.34%, sugar up 1.16%.

 

 

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