The US dollar weakened, and Shanghai copper and Shanghai zinc brushed new highs Electrolytic aluminum inventory may increase significantly after the holiday A brief analysis of reverse invoicing in the waste industry
►The U.S. index fell back to London copper and refreshed the high in the night, Shanghai copper touched below 82,000 yuan/ton [SMM copper morning meeting minutes]
►Aluminum processing PMI on the line of aluminum ingots, social inventory continues to go to the warehouse [SMM Aluminum Morning Meeting Minutes]
►Alumina Morning Review: Holders are reluctant to sell and encounter downstream just need to purchase, spot prices continue to rise [SMM Alumina Morning Review]
►The contradiction in the supply of raw materials such as scrap is prominent, or it may support the strong shock of short-term lead prices [SMM Lead Morning Meeting Minutes]
►The dollar is weak, London zinc leads the rally [SMM morning meeting minutes]
►Shanghai tin prices rose slightly in the night market, and the spot market was more active [SMM Tin Morning News]
►The cost of nickel salt raw materials has moved up significantly, and the long-term raw material storage demand of some steel mills has advanced [SMM Nickel Morning Meeting Minutes]
►The pace of raw material replenishment before the festival is accelerated, and the cost side support is strong [SMM Steel Morning Meeting Minutes]
►[SMM Cobalt Lithium Morning Meeting Minutes] The spot price of lithium carbonate is stable, and the wait-and-see sentiment of buying and buying has risen
►Polysilicon production continues to rise, and the price of domestic EVA photovoltaic materials continues to decline [SMM silicon-based photovoltaic morning meeting minutes]
The minutes of the morning meeting of the rest of the items are being updated in real time, so please refresh and view!
In terms of the metal market:
Overnight, the metal in the inner and outer disks was nearly red across the board, and only Shanghai Aluminum held steady at 20,635 yuan/ton, and the rest of the metals recorded varying degrees of rise. Shanghai zinc led the rally with a 2.32% increase, and the highest intraday rush reached 23,430 yuan/ton, a new high since March 2023. Shanghai copper, Shanghai nickel rose more than 1%, Shanghai copper rose 1.49%, the highest intraday rose to 81,970 yuan / ton, a new high since 2006. Shanghai nickel rose 1.83%, and in the external market, London zinc rose as much as 3.6%, and the highest intraday price rose to 2,956 US dollars / ton, a new high since 2023. London copper rose 1.97%, hitting $10,185 per ton intraday, a new high since April 2022. The rest of the metals rose and fell within 1%, and alumina mainly fell 1.45%.
In terms of black, iron ore rose the most, reaching 0.63%, and thread and stainless steel rose 0.52%. In terms of double coke, coking coal rose 0.8% and coke rose 1.26%.
In precious metals, COMEX gold futures edged up 0.01% on the back of a weaker dollar; COMEX silver fell 0.39%. Domestically, Shanghai Gold fell 0.21% and Shanghai Bank fell 0.31%.
As of 6:36 on April 30, the overnight closing market
>> SMM metal spot price on April 29
Macroscopic
On the US dollar:
The U.S. dollar index closed down 0.41% overnight as the market remains focused on the Federal Reserve's monetary policy decision on May 1 for more clues on the direction of interest rate decisions. According to CME Group's FedWatch tool, the Fed is expected to leave its benchmark interest rate target range unchanged at 5.25%-5.5% at the end of Wednesday's meeting. Fed Chair Jerome Powell is likely to be cautious about the economic outlook, outlining risks that inflation remains high and the labor market is tight, analysts said.
Markets are also keeping a close eye on the U.S. non-farm payrolls data for clues on the Fed's rate cuts. Friday's U.S. jobs report is likely to give the market confirmation of how tight the labor market is. Wall Street economists forecast 240,000 new jobs in April, a figure that remains high but down from 303,000 in March, according to the survey.
In terms of data:
Today, China's official manufacturing PMI for April, Caixin manufacturing PMI for April, Chicago PMI for April, Conference Board consumer confidence index for April, core harmonized CPI for April, preliminary quarterly adjusted GDP annual rate for the first quarter, unemployment rate for Japan in March, real retail sales in Germany for March, seasonally adjusted unemployment rate for April, The preliminary annual rate of GDP in the first quarter was not seasonally adjusted, the seasonally adjusted annual GDP rate in Canada in February, and the ANZ consumer confidence index in Australia for the week ended April 28.
Note: The market will be closed from May 1 (Wednesday) to May 5 (Sunday), there will be no night trading on the evening of April 30 (Tuesday), and the market will be open as usual from May 6 (Monday). The market will be closed on Sunday, April 28 and Saturday, May 11. On Monday, May 6, the call auction for all contracts will be held from 08:55 a.m. to 09:00 a.m. Night trading resumed on the evening of Monday, May 6.
》During Labor Day, many exchanges adjusted the margin standards and price limits for futures trading
Crude oil: Oil prices fell overnight as geopolitical tensions eased and U.S. inflation data hit the prospect of an imminent interest rate cut, with U.S. oil down 1.34% and Brent oil down 1.05%. In addition, reports that Canada's Trans Mountain pipeline expansion project, which will begin partial operations this week, will eventually carry more than 500,000 barrels of oil per day from Alberta to the country's Pacific coast, also weighed down oil prices, according to an analyst.
》The dollar fell, the metal was nearly red across the board, and London zinc rose more than 3% Shanghai copper brush has reached a new high since 2006 [overnight market]
List of total inventories of base metals in LME on April 29 (unit: tons)
List of LME base metal registration and cancellation of warehouse receipts on April 29 (unit: ton)
As of Monday, April 29, the copper inventory in the mainstream areas of SMM fell by 16,800 tons from last Thursday to 387,900 tons, which is a rare sharp decline. Compared with the change in inventory last Thursday, the inventory in most areas of the country has decreased, and only the Chongqing area has increased. The total inventory is 219,800 tons higher than the 168,100 tons in the same period last year, specifically see ......." Click to view details
[SMM Analysis: The Impact of "Reverse Invoicing" on Recycled Copper Rod Enterprises] Regarding the scope of application of "reverse invoicing" by scrap sellers, the "Announcement" stipulates that (1) the seller's sales period shall not exceed 12 consecutive natural months, which means that the seller is not professionally engaged in the sales and operation of scrap products; (2) The cumulative sales of "reverse invoicing" shall not exceed 5 million yuan, indicating that the cumulative turnover of waste products from resource recovery enterprises to the same seller shall not exceed 5 million yuan......" Click to view details
On April 29, 2024, SMM counted 791,000 tons of total social inventory of electrolytic aluminum ingots, and 665,000 tons of domestic tradable electrolytic aluminum inventory, compared with 16,000 tons last Thursday, still at a low level in the same period in the past seven years, down 62,000 tons from the same period last year. In terms of shipments, the volume of aluminum ingots shipped out last week was 117,800 tons, a decrease of 1,400 tons from the previous month. According to SMM analysis, after entering the rhythm of pre-holiday stocking in late April, the domestic aluminum ingot inventory has successfully dropped to below 800,000 tons......
[SMM Commentary: Alumina Main Continued to Hit a Record High and then Fall, Focus on Ore Supply in Jinyu Region] Tight supply and good demand have boosted alumina prices in the near future. On April 29, the main alumina rushed to a record high of 3,859 yuan/ton and then fell, and as of the end of the day, it rose 0.75%, and it was red for four consecutive days. Recently, the average spot price of SMM alumina has continued to rise, reporting 3420 yuan / ton today, up 0.88% from the previous day, and it has been red for six consecutive days.......
【SMM Aluminum Conference | Interpretation of big coffee: What obstacles do Chinese electrolytic aluminum enterprises face in "going global"?] Huo Bin, vice president of China Nonferrous Metals Industry Association / chairman of Yidian Holding Group Co., Ltd., said that after the real adjustment of the tariff policy for primary aluminum exports, the promotion of China's primary aluminum exports will have a greater impact on price fluctuations. Therefore, at present, qualified enterprises, taking advantage of the current market opportunity and policy conditions, can accelerate the layout of electrolytic aluminum production capacity in appropriate overseas regions is a trend, or a very necessary investment action.......》Click to view details
On April 25, the State Administration of Taxation issued the "Announcement on Matters Concerning the "Reverse Invoicing" of Resource Recovery Enterprises to Sellers of Scrap Products of Natural Persons (hereinafter referred to as the "Announcement"), and the invoicing process of reverse invoicing is as follows......." Click to view details
According to the survey, the maintenance situation of primary lead smelting enterprises has not changed, and the maintenance of secondary lead enterprises has increased, and the supply of lead ingots is tight, and the May Day holiday is approaching, some downstream enterprises have carried out pre-holiday routine preparation, and the inventory in Guangdong has been significantly reduced......
[SMM analysis: galvanizing plant May Day holiday] approaching the May Day holiday, SMM on the galvanizing plant May Day holiday research, this survey involves 21 galvanizing enterprises, the total production capacity of 27.34 million tons, according to SMM research understands, some enterprises during the May Day holiday 2-5 days ...... click to view details
According to SMM research, as of this Monday (April 29), the total inventory of zinc ingots in SMM seven places was 211,600 tons, a decrease of 9,300 tons from April 22 and a decrease of 1,200 tons from April 25, and the domestic inventory was recorded. The inventory in Shanghai and Tianjin decreased slightly, and the warehouses in Shanghai and Tianjin arrived normally on the weekend, and the downstream May Day warehouse was picked up one after another, and the warehouse inventory decrease.......d;
Recently, the "Detailed Rules for the Implementation of Automobile Trade-in Subsidy" was released, which triggered a fierce discussion in the market for a while, and many parties believed that the release of the subsidy rules was a major benefit to the automobile market. In this article, SMM summarizes and analyzes the recent comments on the policy in the market and the relevant reactions of various places after the policy is issued, for readers to read and understand......" Click here for details
[SMM Analysis: 10 Questions about Repaired Lithium Iron Phosphate - Is Repair Technology a New Trend of Lithium Battery Circular Economy?] After a period of research and sorting, SMM will officially launch the price point of repaired lithium iron phosphate on April 29, 2024. Most people may be relatively unfamiliar with repaired lithium iron phosphate, this article will answer the questions collected by some markets, if there are deficiencies, welcome to communicate ......." Click to view details
On April 29, the National Energy Administration held a press conference to release the energy situation and grid-connected operation of renewable energy in the first quarter, and introduced the development of new energy storage and the "three actions" of grid security, which mentioned the operation of new energy storage projects in the first quarter of 2024 ......." Click to view details
According to market feedback, more than three domestic companies are expected to reduce production and maintenance in May, including a first-tier polysilicon plant, and 2-4 companies plan to join the maintenance team from June to July, with an overall production capacity of more than 100,000 tons.......Click here for details
On April 29, Huadong Tongyang 553# silicon was 13200-13300 yuan/ton, and 441# silicon was 13500-13700 yuan/ton. Recently, the price trend of industrial silicon has gradually stabilized, due to the release of purchase orders from downstream users, the increase in the purchase of low-grade silicon by futures and spot dealers, and the production reduction of a small number of silicon companies on the supply side in April under cost pressure, the inventory pressure of silicon enterprises has eased.......》Click to view details
With the rise in manganese ore prices, since mid-to-late April, the main manganese and silicon companies have continued to rebound, and today they have reached a new high of 7928 yuan/ton since July 1, 2022, up 6.65% as of the close of the day, and the red for 13 consecutive trading days, with a maximum increase of 27.75% on the 13th. According to the SMM spot price, recently, the average spot price of silicon-manganese 6517 (acceptance) in Inner Mongolia continued to rise, up 5.88% from the previous day on April 29 to 7200 yuan / ton, floating red for seven consecutive days......." Click to view details
[SMM Comment: Demand has improved, exports have increased month-on-month, and germanium prices have risen 2.66% in more than a month] Entering 2024, small metals such as titanium, tungsten and molybdenum, germanium, and antimony have staged a "spring rising song" one after another. Germanium ingots also ushered in their own spring in mid-to-late March, driven by factors such as improved demand, increased exports and relatively tight supply expectations, germanium ingots bid farewell to the impact of the weakening market around the Spring Festival, and its average price came to 9650 yuan/kg on April 19, which approached the highest point of the year in 2023 9700 yuan/kg, and the average price of germanium ingots rose by 2.66% in more than a month.......》Click to view details
►Above the line of prosperity and withering!In April, the PMI of the domestic aluminum processing industry recorded 56% [SMM downstream in-depth analysis]
►List of May Day holiday arrangements for galvanized sheet enterprises [SMM analysis]
►Intraday once rose more than 6%!The auto dismantling sector welcomed a major positive or brought millions of increments to private new car consumption in the auto market?
►Many places have offered a blockbuster move in the real estate market, and the real estate sector is "soaring", Dalong Real Estate and other shares have a daily limit [SMM Express]
►[SMM Announcement] Announcement on the quotation of SMM anode graphitization price splitting Acheson furnace and box furnace
Shibor: 1.8230% overnight, up 1.70 basis points. The 7-day trade was at 2.0800%, up 12.90 basis points. The three-month report is 2.0050%, up 1.10 basis points.
In order to thoroughly implement the major decisions and deployments of the Party Central Committee and the State Council on promoting large-scale equipment renewal and trade-in of consumer goods, on April 25, the State Administration of Taxation issued the "Announcement on Matters Concerning the "Reverse Invoicing" of Resource Recovery Enterprises to Sellers of Scrapped Products by Natural Persons, clarifying the "reverse invoicing" of resource recovery enterprises to sellers of scrapped products by natural persons Specific measures and operating methods will create a good tax environment for the accelerated development of the entire industrial chain of the resource recycling industry, and help improve the quality and level of national economic circulation. What is the impact of the implementation measures of "reverse invoicing" on the future development of recycled metal industries such as recycled copper and recycled aluminum?....》Click for details
According to foreign news on April 29, LME copper futures rose in early trading in the Asian market on Monday, as the market was worried about the tight supply, and investors began to focus on BHP's merger and acquisition of Anglo-American Group......
[BHP Billiton's super merger and acquisition and $10,000 per ton copper price exposes the biggest problem in the mining industry] Wenhua Finance According to foreign news on April 28, copper prices soared to $10,000 per ton a few days after the explosive news that BHP Group (BHP Group) tried to acquire Anglo American, which highlighted the core problem of the industry: miners are not building enough copper mines...... Click to view details
[Copper prices hit a new high, and people in the industrial chain called it "a little confused" Some downstream processing plants were "forced" to take a holiday] People in the industrial chain were a little confused. "Copper prices have risen like this, and some small and medium-sized peers have taken a holiday. Liu Zhong is the owner of a copper cable processing factory, and the company mainly uses recycled scrap copper to make low-oxygen copper rods. He told the Financial Associated Press reporter that in the past month, due to the rapid rise in prices, the pressure on the downstream processing costs of the entire industrial chain has risen sharply, in order to prevent customers from breaking the contract due to too large price changes, he has begun to generally collect deposits, and at the same time reduce the scrap copper inventory ......" Click to view details
According to news on April 29, Indonesia's investment minister said on Monday that the authorities should consider allowing Freeport Indonesia to export copper concentrate after May, because its new smelter could not immediately digest all the output. Indonesia, a resource-rich country, banned raw material exports from June last year but allowed the free port to continue shipments until the end of May, while the company completed the construction of a $3 billion smelter with a processing capacity of 1.7 million tons on the island of East Java. (Wenhua Finance) .......》Click to view details
According to data released by the London Metal Exchange (LME), the inventory increased to a new high of 591,675 tons in a year on February 28, and then the inventory entered a downward path, and the inventory continued to deplete last week, with the latest inventory level of 494,150 tons, falling to a new low in more than four months......
【Woodcross Opens First Tin Smelter in Uganda】Tin miner Woodcross Resources has opened the country's first tin smelter in Mbarara, Uganda. The company has been developing the facility since a series of regulatory changes banning concentrate exports and has become Uganda's first integrated tin producer....... Click here for details
[Expansion project will increase Alphamin's production capacity to 20,000 tonnes of tin per annum] Bisie mine operator Alphamin Resources (TSXV: AFM; JSE AltX: APH) announced that its earnings before interest, taxes, depreciation and amortization (EBITDA) for the first quarter of 2024 increased 156% year-over-year. In the quarter ended March 31, 2024, ore processing increased 4% from the previous quarter to 109,424 tonnes, but the ore grade decreased 4% quarter-on-quarter to 3.83% tin. >> Click here for details
[Ardea Resources and Sumitomo Metal Mining and Mitsubishi reached an agreement to cooperate in the development of nickel projects] According to foreign power news on April 29, Australian nickel miners Ardea Resources said on Monday that the company has reached a binding agreement with Japan's Sumitomo Metal Mining and Mitsubishi Corp (Mitsubishi Corp) to cooperate in the development of the Kalgoorlie nickel project.....》Click here for details
According to the China Iron and Steel Association: On April 26, the China Iron and Steel Association held a symposium on the economic operation of some iron and steel enterprises in the first quarter in Beijing. Tang Zujun, member of the Standing Committee of the Party Committee and vice president of the Steel Association, attended the meeting and made a concluding speech, and Chen Yuqian, deputy secretary-general of the Steel Association and director of the Industrial Operation Department, presided over the meeting ....." Click to view details
[Northern Rare Earth: net profit in the first quarter fell 94.35% year-on-year, production and sales increased but prices fell] Northern Rare Earth released a performance report showing that the revenue in the first quarter was 5.762 billion yuan, a year-on-year decrease of 37.59%, and the net profit was 52.05 million yuan, a year-on-year decrease of 94.35%. The main reason is that during the reporting period, the prices of the company's main rare earth products represented by praseodymium and neodymium products have continued to fluctuate and decline since the beginning of the year, with the average price in the first quarter decreasing year-on-year and the gross profit decreasing year-on-year.......》Click to view details
【China Molybdenum: Copper and Cobalt Production and Sales Growth, Overall Cost Decreased Year-on-Year, Net Profit in the First Quarter Increased by 553.28% Year-on-Year】China Molybdenum disclosed a quarterly report on the evening of April 29, showing that the company's operating income in the first quarter of 2024 was 46.121 billion yuan, a year-on-year increase of 4.15%, net profit was 2.072 billion yuan, a year-on-year increase of 553.28%, and basic earnings per share was 0.1 yuan......." Click to view details
[Sichuan Gold: revenue in the first quarter increased by 6.83% year-on-year and net profit increased by 24.12% year-on-year] Sichuan Gold released a performance report showing that the company's revenue in the first quarter of 2024 was 189.9 million yuan, an increase of 6.83% year-on-year, and the net profit in the first quarter was 76.78 million yuan, an increase of 24.12% year-on-year.......》Click to view details
[Yizumi: In the field of integrated die-casting, the company has cooperation with FAW, Changan, etc., and the company currently has sufficient orders in hand] The content of the performance briefing announced by Yizumi on April 28 shows: 1. Q: In 2023, the operating income increased by 11.30% year-on-year, what are the main factors for this growth? Yizumi responded: In 2023, the company's total operating income will be 4,095,816,864.87 yuan, a year-on-year increase of 11.30% The main reason is that the company has actively responded to the ......." by launching new products, changing sales strategies, optimizing supply chain management and other strategies under the background of relatively stable prosperity in the injection molding machine and die-casting machine industry
[Baowu Magnesium: The ideal L6 steering wheel is provided by the company to discuss cooperation with other car manufacturers on the vehicle-mounted drone lifting platform] "Some investors asked Baowu Magnesium on the interactive platform: In addition to supplying DJI and Xiaopeng flying cars, does the company have other low-altitude economy-related industries or cooperation to provide lightweight materials for it?" Baowu Magnesium responded on the investor interactive platform on April 28: In addition to Xiaopeng and DJI, the company is also negotiating cooperation with other car manufacturers on the vehicle-mounted drone lifting platform.......》Click to view details
【 CICC Gold: Net profit in the first quarter increased by 43.73% year-on-year, mineral gold output increased by 8.91% year-on-year, and mine copper output decreased by 6.03% year-on-year] CICC Gold Co., Ltd. released a performance report showing that in the first quarter of 2024, the company's revenue was 13.164 billion yuan, a year-on-year decrease of 1.37%, and the net profit attributable to shareholders of listed companies in the first quarter was 783 million yuan, an increase of 43.73% year-on-year, mainly due to the company's optimization of production organization, improvement of production efficiency and the increase in prices of major products....... Click here for details
►Ministry of Ecology and Environment: Positive progress and phased results have been achieved in the pollution control of the "Manganese Triangle".
►Nanshan Aluminum: Net profit in the first quarter of 2024 increased by 63.99% year-on-year, mainly due to the increase in sales of alumina powder in Indonesia
►Nanshan Aluminum plans to invest 6.3 billion yuan through its subsidiary BAI to expand the annual output of 2 million tons of alumina and other supporting public and auxiliary facilities
►The world's largest 3,000-ton forging and welding hydrogenation reactor was delivered in batches
►XANE Silicon Industry's 100,000-ton polysilicon project was officially constructed!
[National Energy Administration: 23.8GW of distributed photovoltaic was added in the first quarter] Pan Huimin, deputy director of the Department of New and Renewable Energy, said that the installed capacity of renewable energy in mainland China continues to achieve new breakthroughs. In the first quarter of 2024, the country's new installed renewable energy capacity was 63.67 million kilowatts, a year-on-year increase of 34%, accounting for 92% of the new installed capacity. As of the end of March 2024, the country's installed renewable energy capacity reached 1.585 billion kilowatts, a year-on-year increase of 26%, accounting for about 52.9% of the mainland's total installed capacity, of which the sum of wind power and photovoltaic power generation exceeded 1.1 billion kilowatts......" Click for details
[National Energy Administration: It is expected that the maximum load of electricity consumption in the country will increase by more than 100 million kilowatts year-on-year during the summer of this year] National Energy Administration: It is expected that the maximum load of electricity consumption in the country will increase by more than 100 million kilowatts year-on-year during the summer of this year Zhang Xing, deputy director and spokesman of the Comprehensive Department of the National Energy Administration, said at a press conference today that since the beginning of this year, electricity consumption has continued to grow rapidly, and the electricity consumption of the whole society in the first quarter was 2.34 trillion kilowatt hours. It is expected that during the summer of this year, the national electricity load will grow rapidly, and the maximum load will increase by more than 100 million kilowatts year-on-year, and the power supply will face certain pressure. Comprehensive research and judgment, during this year's peak summer, the national power supply is generally guaranteed......" Click to view details
[Ministry of Industry and Information Technology: The Administrative Measures for the Comprehensive Utilization of Power Batteries for New Energy Vehicles and other documents are being researched, demonstrated, and drafted] In accordance with the provisions of Article 12 of the Regulations on the Procedures for Formulating Rules, the 2024 work plan for the formulation of rules by the Ministry of Industry and Information Technology is hereby announced to the public. Pay close attention to the research, demonstration and drafting of the project, including the management measures for the comprehensive utilization of power batteries for new energy vehicles......." Click to view details
[Chip sales continue to be strong, global economic "canary" exports are expected to grow for seven consecutive months in April] South Korea is scheduled to release trade data for April on Wednesday, May 1. According to a survey released on Monday, exports from the economy, which is regarded by the market as the "canary" of the global economy, are expected to grow at a faster pace in April and achieve a seventh consecutive month of growth due to strong chip sales.......
On April 29, the National New Energy Consumption Monitoring and Early Warning Center released the national grid-connected consumption of new energy in March 2024. In March, the national photovoltaic power generation utilization rate was 96.4%. It is worth noting that in February this year, the national photovoltaic power generation utilization rate was 93.4%, down 4.7% month-on-month, which is also the first time that the photovoltaic utilization rate fell below 95%......." Click to view details
[The 10,000th Xiaomi SU7 rolls off the assembly line Xiaomi Auto: 100,000 delivery targets in 2024] On April 29, Xiaomi Auto announced through its official Weibo that the 10,000th Xiaomi SU7 vehicle officially rolled off the production line, which is only 32 days after the Xiaomi SU7 was launched. Xiaomi Auto said that the factory is fully expanding its production capacity, with a delivery target of 100,000 units in 2024. (Gasgoo) .......》Click to view details
Since the beginning of this year, the continuous rise in the prices of gold, copper and other metals has been transmitted to the semiconductor industry. According to market news, recently, Shenzhen Chuangxin Micro, Zhejiang Yaxin Micro, Wuxi Huazhongxin Micro, Nanjing Zhilingxin, as well as Shandong Taijixing, Shenzhen Sanliansheng, Ningbo Kangqiang and many other semiconductor companies have issued price adjustment letters. Among them, Zhejiang Yaxin's fine-tuning price notice letter shows that the unit price of its full range of products has been increased by 15% to 20% ......." Click to view details
On April 24, Zeng Jiming, member of the party group and deputy director of the Sichuan Provincial Department of Economy and Information Technology, said that Sichuan has become one of the most suitable regions for the development of hydrogen energy industry in the country. In terms of hydrogen source security, Sichuan Province has built a hydrogen source supply system that focuses on industrial by-product hydrogen and accelerates the development of green hydrogen in the early stage, and the comprehensive support capacity is the fourth ....... in the country
On April 28, the Hainan Provincial People's Government issued the "Implementation Plan for Large-scale Equipment Renewal and Consumer Goods Trade-in in Hainan Province", which mentioned that by the end of 2024, 15,000 scrapped cars will be recycled, and 205,000 second-hand cars will be traded, an increase of 15% over 2023; By the end of 2027, the recycling volume of scrapped cars will increase by 1.5 times compared with 2023, the transaction volume of second-hand cars will increase by 50% compared with 2023, and the recycling volume of waste household appliances will increase by 30% compared with 2023......》Click here for details
Recently, a group of U.S. solar PV manufacturers have filed anti-dumping and countervailing duty (AD/CVD) petitions with the U.S. government to investigate dumping of solar products imported into the U.S. through Cambodia, Malaysia, Vietnam and Thailand.......
►The "after-effects" of the diversion of ships in the Red Sea: the additional carbon emissions are equivalent to 9 million new cars in the same period
►Tao Lin: Tesla has always insisted on spending resources in the most hardcore places
►Tang Weishi: The UK's EV policy is "very bad" and could lead to the bankruptcy of car manufacturers
►Spring is coming, Chengdu cancels purchase restrictions to boost Hong Kong real estate sector Sunac CIFI and other stocks rose more than 20%
►18 LNG carriers! Chinese enterprises won the world's largest single shipbuilding order
►The production scheduling data of the three major white appliances in May was released
►51 standards are open for public consultation, involving a number of household appliance categories, and the export value of Fujian's household appliances exceeded 3 billion yuan in the first quarter [Household Appliance Industry Hot Spots]
►Guoqiang Xingsheng Energy and Jinhai Xinyuan won the bid for the first batch of purchase orders for 1GW photovoltaic brackets of Longyuan Power