DZ20230413

 

Industrial Economy

*China National Energy Administration issues 2023 energy guidelines which said to tackle key techniques of new-type energy storage and green hydrogen production for application in scale. It targets 2023 energy output equivalent to 4.75bn tons of coal, max power load exceeds 1.36bn KW and energy consumption per unit of GDP down 2% y/y. Wind and solar power to be largely developed for capacity installment target around 160mio KW and power production to account for 15.3% of social electricity consumption. Energy transformation at consumption end to be promoted with smart and active power distribution network to be constructed. Participation of big data center in power system adjustment to be guided and proportion of renewable energy in newly constructed power channels to be no lower than 50%.

*Average price of lithium carbonate at battery level declined by 3500yuan per ton on April 12 to cny 199k per ton, according to Mysteel Research Institute.

*CPCA: retails sales of NEV during April 1-9 of 91k units, down 8% y/y and down 5% m/m with accumulated retail sales of 1.41mio units, up 21% y/y. Retail sales of passenger vehicles of 328k units, up 47% y/y and up 8% m/m with accumulated sales of 4.61mio units, down 10% m/m.

 

Financials

*Rumors saying several requirements been raised on filing of private funds which has been confirmed by someone familiar with this matter and said holdings of single bond to be restricted while no official notice been issued.

 

Co Focus

*China Petroleum&Chemical (600028 CH) has agreed on stake purchase of 5% North Field East, the world largest LNG project, said by Saad Al-Kaabi, CEO of Qatar Energy.

 

*Apr 12nd Block Trade

*Block Trade Info

*Discount

- Zijin Mining (601899 CH) saw 2 block trades worth 276mn at 13.43 yuan per share, 0.89 discount from last closing.

- SMIC (688981 CH）saw 1 block trade worth 58mn at 58.41 yuan per share, 1.5 discount from last closing.

- China National Gold (600916 CH) saw 2 block trade worth 93mn at 11.52 yuan per share, 9.93 discount from last closing.

- Zhidemai Tech Co. (300785 CH) saw 5 block trades worth 27mn at 41.23 yuan per share, 14.39 discount from last closing.

- Tianyu Digital Tech (002354 CH) saw 3 block trades worth 130mn at 5.22 yuan per share, 13.00 discount from last closing.

- Asia—Potash International (000893 CH) saw 2 block trades worth 26mn at 21.9yuan per share, 11.34 discount from last closing.

 

-Premium

- Ping An Insurance (601318 CH）saw 1 block trade worth 62mn at 49.54 yuan per share, 8.64 premium from last closing.

- Shennan Circuits Co. (002916 CH) saw 4 block trades worth 27mn at 92.26 yuan per share, 1.05 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 prices closed up collectively. May NYMEX crude oil contract up 1.98% to closed at $83.10/b, June Brent contract up 1.92% to closed at $87.25/b. INE crude oil active contract up 2.46% to 605 yuan/b.

* Precious metals closed up collectively. COMEX gold contract up 0.52% to closed at $2029.4/oz. SHFE gold active contract up 0.08% to closed at 447.74 yuan/gram.

* Metals closed up collectively, LME lead up 1.84%, LME tin up 1.67%, LME copper up 1.19%, LME zinc up 1.05%. SHFE tin up 1.61%, SHFE copper up 0.64%, bonded copper up 0.62%.

* Commodity futures closed mixed, energy & chemistry futures saw strong performance, LPG up 2.98%, fuel oil up 1.08%, bitumen up 1.04%, PVC down 1.45%, bleached softwood kraft pulp down 1.21%. Black series closed down collectively, iron ore down 1.32%, hot-rolled coil down 1.25%, steel rebar down 0.95%. Agricultural products closed down mostly, rapeseed oil down 2.46%, RBD palm olein down 2.04%, soybean oil down 1.36%.

 

 

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