DZ20230322

 

Industrial Economy

*National Energy Administration: as of end-Feb, national installed power-generating capacity around 2.6bn kW, up 8.5% y/y with wind power installed capacity around 370mio kW, up 11% y/y and solar power installed capacity around 410mio kW, up 30.8% y/y.

*Beijing commerce department and 6 other departments jointly issued plan in encouraging auto upgrade and consumption with max subsidy of cny 10k to be granted on vehicle exchange to NEV from March 1 to Aug 31 in 2023.

*Shandong Weifang city announced to provide 50% fiscal subsidy on deed tax for house purchase of third-child families and the third child be born after May 31, 2021 will be exempted from high school tuition.

*China Feb solar grade polycrystalline silicon saw capacity declined 3.8% m/m, up 32.3% y/y. Capacity of silicon wafer up 20.3% m/m and 16.2% y/y with monocrystalline wafer accounts for 98.4%. Capacity of cells declined 0.2% m/m and up 31.2% y/y with module output up 39.5% m/m and up 86.3% y/y.

 

Co Focus

*CATL kirin batteries saw massive production with power output 13% larger than 4680 on the same size.

 

*Mar 21st Block Trade

*Block Trade Info

*Discount

- Offcn Education Tech (002607 CH）saw 2 block trades worth 85mn at 4.53-4.88 yuan per share, 2.98-9.94 discount from last closing.

- Shanghai AtHub Co.(603881 CH) saw 11 block trades worth 57mn at 30.51 yuan per share, 9.92 discount from last closing.

- Three Squirrels Inc.(300783 CH) saw 5 block trades worth 22mn at 17.44 yuan per share, 12.49 discount from last closing.

 

*Flat

- Petro china Co. (601857 CH）saw 1 block trade worth 36mn at 5.68 yuan per share, 0.00 discount from last closing.

- China Yangtze Power Co. (600900 CH) saw 2 block trades worth 100mn at 20.94 yuan per share, 0.00 discount from last closing.

- Xingqi Pharmaceutical Co. (300573 CH) saw 1 block trade worth 52mn at 128.91yuan per share, 0.00 discount from last closing.

 

*Premium

- Chengtun Mining Group Co. (600711 CH）saw 3 block trades worth 77mn at 5.98-6.48 yuan per share, 0.00-9.27 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. May NYMEX crude oil contract up 2.52% to closed at $69.53/b, June Brent contract up 1.82% to closed at $74.88/b. INE crude oil active contract up 2.79% to 504.7 yuan/b.

* Precious metals closed down collectively. COMEX gold contract down 1.98% to closed at $1943.6/oz. SHFE gold active contract down 1.80% to closed at 434.22 yuan/gram.

* Metals closed mixed, LME tin up 1.98%, LME copper up 1.08%, LME nickel down 1.41% on the contrast. Bonded copper up 1.10%, SHFE copper up 1.07%, SHFE tin up 1.01%, SHFE zinc down 0.47% on the contrast.

* Commodity futures closed mixed, energy & chemistry futures saw strong performance, LPG up 1.67%, glass up 1.21%. Black series closed down mostly, coking coal down 0.98%. Agricultural products down mostly, corn down 1.18%, RBD palm olein down 0.97%, corn starch down 0.95%.

 

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