Macro Economy

The National Bureau of Statistics released the producer price data for August 2021. In August 2021, China’s producer prices rose by 9.5% year-on-year and 0.7% month-on-month. The purchasing prices of industrial producers rose 13.6 percent year-on-year and 0.8 percent month-on-month. From January to August, producer prices rose by 6.2% and producer purchasing prices by 8.6% on average.

China’s import & export trade data from Jan. to Aug.: Exports totaled 2.1 trillion US dollars, up 33.7% year on year and 30.3% over the same period in 2019. Imports reached $1.73 trillion, up 34.8% year on year and 28.1% over the same period in 2019; The trade surplus was US $362.49 billion, up 28.9% year on year.


Industry Information

China Southern Power Grid Corporation and State Grid Corporation of China jointly launched a green power trading pilot on Monday. A total of 910 million kilowatt-hours of green power were traded by 30 market entities in the southern regions of Guangdong, Guangxi, Yunnan, Guizhou and Hainan, among which 300 million kilowatt-hours for wind power and 610 million kilowatt-hours for solar The transaction price has increased by 0.027 YUAN/KWH on average on the basis of the existing price of wind and solar power, fully reflecting the environmental value.

Wholesale sales of new energy passenger vehicles reached 304,000 units in August, up 202.3% year-on-year and 23.7% month-on-month. From January to August, 1.643 million new energy passenger vehicles were sold at wholesale, up 222.5% year on year. Retail sales of new energy passenger vehicles reached 249,000 units in August, up 167.5% year-on-year and 12.0% month-on-month. From January to August, the retail sales of new energy vehicles reached 1.479,000 units, up 202.1% year on year.


News of Corporates

From January to August, the production of SWA Southwest Aluminium achieved satisfactory results: export sales increased by 35% year on year, creating a historically good record.

China Hongqiao Group plans to start production of the second phase of its Alumina plant in Indonesia by the end of The first phase of the Well Harvest Winning alumina smelter on Borneo Island started production in 2016 with a capacity of 1 million tons a year. The second phase of the project will increase capacity to the second 1 million tons.


Zhejiang province, Shanghai, and southern Jiangsu province will be affected by Typhoon Chanthu during this week. Affected by this, at present, Ningbo and Shanghai ports have issued a notice to suspend operations.

After CMA CGM announced last week that it was suspending further increases in spot rates, Hapag-Lloyd joined the company in saying it would cap spot rates for Containerized cargo. Maersk, meanwhile, says it has signed more long-term contracts with customers.


Alphaliner TOP 100 / 14th September, 2021


Other News

September 13 spot aluminum prices rose again from 770 RMB/Ton to 23420 RMB/Ton, two consecutive days of aluminum prices up nearly 1200 RMB/Ton. Meantime, Aluminium prices hit $3,000 /tonne in London for the first time in 13 years on expectations supply disruptions will persist and demand continues to rise. Aluminum prices have risen about 14% in the past three weeks as supply risks have risen across the industry, from Bauxite mines in Guinea and alumina smelting in Jamaica to smelters in China and elsewhere.

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