The European Commission intends to reject the price commitment solution proposed by China's industry for the EU electric vehicle anti-subsidy case. The Ministry of Commerce responded.
The spokesperson of the Ministry of Commerce stated that the European Commission has ignored the sincerity and efforts of the Chinese business community, and has proposed to reject the flexible solution proposal put forward by the Chinese business community without conducting in-depth communication. China is deeply disappointed by this.
"Buy more as it falls!" Traders take advantage of the price drop to stock up, and the nickel industry may enter a phase of bottoming out | New cycle of csi commodity equity index
1. Some traders have indicated that the nickel price has already dropped to the psychological bottom range, and they are beginning to stock up on low stock price; 2. Currently, high-cost nickel production capacity is gradually being cleared out globally; 3. The future nickel price has limited downside potential, and may experience a phase of bottoming out.
Finance Associated Autos Morning Post [September 12]
① Henan Province issued detailed rules for the implementation of automobile replacement and renewal subsidies; ② The European Union imposes additional tariffs on electric vehicles in China. Sanchez: We are reconsidering our position on this issue; ③ Huawei's Yu Chengdong confirms that Hongmeng Zhihang will launch an MPV model: currently in the secret stage;
Morning news of autos from Cailian Press [September 11th]
①The Ministry of Commerce responds to the progress of the anti-subsidy case for electric automobiles in China and Europe; ②The European Union may reduce the proposed tariff increase on electric automobiles imported from China; ③Tianjin introduces an implementation plan for replacing old vehicles with new energy passenger vehicles, with a maximum subsidy of 0.015 million yuan.
With EV Sales Up 35%, Can The US Power Grid Keep Up? One Expert Weighs In
20 companies participated! Photovoltaic leader predicts that the bottom has been reached. Three major directions of lithium battery companies are being watched closely. | Directly hit the earnings conference of the Star New Energy Fund.
① In the photovoltaic industry, leading companies mentioned that the bottom of the industry has been reached, but the turning point still needs time. Many leading companies have disclosed tax incentives for building factories in the USA. ② In the lithium battery industry, solid state batteries, consumer batteries, and overseas markets have become breakthrough points for companies. ③ Enterprise capacity and capacity utilization are of concern. Many companies mentioned that capacity utilization will increase.
The cooperation between photovoltaic glass enterprises to reduce production has attracted attention. Industry insiders believe that the short-term impact is limited and there is significant mismatch between supply and demand in the industry.
① The glass industry is currently in a phase of full industry loss of cost, and it continues to approach the cash cost line of full industry loss; ② Insiders in the industry have mentioned that a 30% reduction in photovoltaic glass capacity still meets the demand for module production, and the strong negotiation power of module manufacturers limits the production cost of photovoltaic modules; ③ The adjustment of leading photovoltaic glass companies is a good demonstration for leading photovoltaic companies.
Under the low supply and downstream price increase, the silicon material prices have risen across the board this week, but the upward trend may be difficult to sustain.
1. Although silicon material products have shown signs of recovery, their production has reached a new low in this stage, and the overall volume of contracts this week is relatively average. 2. Currently, polysilicon companies have a relatively consistent expectation of price increases, leading to a general increase in quotes for downstream and spot market. However, the trading volume this week is limited, resulting in only a slight increase in the market average price. 3. Several analysts have indicated that the increase in silicon material prices is limited and difficult to sustain, and prices will hover at the bottom in the future.
Jeff Currie, a veteran of the commodity for 30 years, believes that the current copper price has a range of 8500 at the bottom and 9500 at the top. Whether it can break through this range depends crucially on china.
Currie said in mid-May that copper was the most attractive trade he had seen in his 30-year career, but three and a half months later, the copper price on the London Metal Exchange fell below $9,000 per ton. Currie believes that the current decline in copper prices is mainly due to the simultaneous increase in copper inventories in Asia and copper exports from China.
The Great Wall quietly earned 7 billion in the first half of the year.
Pursue a market share with quality.
Norway leads the global countries by a wide margin! In August, the market share of electric vehicles reached as high as 94%.
①The statistics released on Monday showed that electric car sales in Norway accounted for 94% of the local market share in August, setting a new world record; ②Meanwhile, electric car sales in other European countries remained stagnant.
China Photovoltaic Industry Association organized a "Photovoltaic Power Station Construction Bidding Price Mechanism Seminar".
① The meeting proposed to jointly optimize the bidding mechanism for the construction of photovoltaic power stations by upstream and downstream companies. ② After discussion, the meeting unanimously believed that the current industry-wide loss situation is not conducive to the sustainable and healthy development of the photovoltaic industry, and unreasonably low prices are also detrimental to downstream power plant owners in ensuring product quality and delivery.
Will the anti-job burnout of photovoltaics be further advanced? The leading silicon wafer companies are jointly raising prices, but the return of production capacity may limit the subsequent rise | Focus
① Daquan Energy, Tongwei Co., Ltd., Gansu Jingang Solar and other companies responded; ② Lu Jinbiao, the Secretary-General of the SEMI China Photovoltaic Standards Committee, said that after adjusting the load and reducing supply to promote a rebound in prices, there will be a phenomenon of capacity rework, limiting further price recovery.
Is the "difficult days" of the photovoltaic industry over? Two major silicon wafer leaders announced price increases on the same day | Industry News
① Longi Green Energy and TCL Zhonghuan Renewable Energy Technology announced on the same day that the prices of their silicon wafer products have been raised. After the adjustment, the prices of the two industry leaders' products remain essentially the same. ② The actual transactions of the latest prices are still to be observed. Industry analysis believes that the current capacity clearance has not yet ended, and there is still a possibility of low-price grabbing in the future.
Earned 4.56 billion yuan in six months. Wang Ning: No price war, achieving 'creating another Pop Mart overseas' ahead of schedule.
①In the first half of this year, there are 7 IPs including Molly, Skullpanda, Dimoo, and The Monsters that have achieved revenues exceeding 100 million yuan. ②Overseas business has been the core business of Pop Mart in recent years, and overseas e-commerce is one of the important channels. ③It is expected that the revenue from the overseas market in the fourth quarter will exceed 40%, and if it performs well in the Christmas month, the proportion is expected to exceed 50%.
Two departments: The investment scale of energy-intensive equipment in key areas is expected to increase by more than 25% from 2023 to 2027.
By 2027, the investment scale of equipment in key areas of energy will increase by more than 25% compared to 2023. The key focus is on promoting the implementation of energy-saving transformation, heating transformation, and flexibility transformation of coal-fired power plants. Transmission and distribution, wind power, solar power, hydropower and other areas will achieve equipment renewal and technological transformation.
The new energy auto conference is approaching, and the production and sales data continues to be impressive. These symbols are frequently surveyed by institutions.
The 2024 China (Zhengzhou) New Energy Auto Ecological Partner Conference will be held from September 22nd to 24th in Zhengzhou City.
In July, China's industrial added value above a designated scale increased by 5.1% year-on-year, with manufacturing industry growing by 5.3%.
From a month-on-month perspective, in July, the added value of industries above designated size increased by 0.35% compared with the previous month.
Xinyi Glass Holdings Goes Ex Dividend Tomorrow
Rate cut in September? Wall Street analysts interpret the Fed's decision: not so absolute.
The Federal Reserve has sent a message to the public that they do not want investors to be certain that they will cut interest rates by 25 basis points in September, because there is still more economic data to consider before September.