DZ20230525

Industrial Economy

*The White House declared that it was not based on the truth for Chinese government to not passed cybersecurity reviews and ban key infrastructure operators from buying the products of Micron Technology. It was suggested for the U.S. Department of Commerce to impose trade restrictions on Chinese memory chip makers.

*South Korea has asked Washington to review its new semiconductor subsidy standards, hoping the US will ease restrictions on semiconductor companies expanding capacity in China, Reuters and Yonhap News Agency reported on May 24th.

*Energy Bureau of Guangdong Province issued notice on the implementation plan for promoting high-quality energy development in Guangdong Province which mentioned to achieve 33 mio tons of coal reserves in the province by 2025. Actively and orderly develop nuclear power with the installed capacity of nuclear power reach 18.54 mio kilowatts by 2025.

Financials

*The SSE and the Singapore Exchange officially signed a memorandum of understanding on ETF product exchange cooperation, marking a new step in the product cooperation in the capital market between China and Singapore and a new level in the cross-border product interconnection business.

Co Focus

*TRINA SOLAR (688599 CH) exhibited the new generation of optical storage power station system and N-type i-TOPCon technology at the SNEC held on May 24th.

 

May 24 Block Trade Info

*Discount

- Piotech (688072 CH) saw 10 block trades worth 105.65mn in ttl at 24.56yuan per share, 7.53pct discount from last closing.

- Zhongji Innolight (300308 CH) saw 4 block trades worth 31.55mn in ttl at 81.53yuan per share, 7.00pct discount from last closing.

 

*Premium

- Moutai (600519 CH) saw 4 block trades worth 110.06mn in ttl at 1710.9-1833.0yuan per share, 0-7.14pct premium from last closing.

- Offcn Education (002607 CH) saw 2 block trades worth 563.34mn in ttl at 4.58yuan per share, 0.44pct premium from last closing.

 

*Flat

- S.F. holding (002352 CH) saw 1 block trades worth 488.32mn at 48.80yuan per share, flat 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 saw strong performance. July NYMEX crude oil contract up 1.8% to closed at $74.22/b, July Brent contract up 1.93% to closed at $78.32/b. INE crude oil active contract up 1.38% to 530.8 yuan/b.

* Precious metals closed down collectively. COMEX gold contract down 0.77% to closed at $1959.3/oz. SHFE gold active contract down 0.25% to closed at 448.48 yuan/gram.

* Metals closed down collectively, LME zinc down 3.27%, LME copper down 2.6%, LME nickel down 1.39%, LME lead down 1.37%. Bonded copper down 1.62%, SHFE copper down 1.50%, SHFE zinc down 1.49%.

* Commodity futures closed down mostly. Chemistry and energy products performed weak, bleached softwood karft pulp down 1.79%, methanol down 1.74%, MEG down 1.63%, soda ash down 1.42%. Black series closed down collectively, steel rebar down 2.44%, coke down 2.07%, iron ore down 1.87%. Agricultural products went down mostly, cotton down 1.97%, cotton yarn down 1.76%.

 

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.