China’s steel industry has grown significantly these days. The growth of the steel industry usually leads to the growth of some parallel markets. In this report, we will examine the most important market for the steel industry, namely the Chinese car market. Since the trade perspective of Iran and China is more positive than other countries, this issue may be attractive for car dealers in Iran. Motel Bulletin has reviewed this issue and we have prepared a report for you. Please be with Artan Press.
*** Chinese car Manufacturers Association report on production
Last week, the Chinese car Manufacturers Association report on production Manufacturers Association (CAAM) announced that production and sales of Chinese cars in June – both similar monthly and yearly – fell amid a continuing international shortage of semiconductors. Due to the advancement of automotive technology in the world and the smartening of cars, semiconductors are considered as a key element in car manufacturing. With this, new parts of the NEV auto parts production continued to strengthen last month, setting a new sales record. China’s NEV production increased 14.3% from May to 248,000 units last month. This is also an annual jump of 134.9%. Similarly, monthly sales increased by 17.6% and annuals by 139.3%, reaching 256,000 units.
*** Decline in Chinese car production but readiness for a jump in demand
The Chinese car Manufacturers Association report on production Manufacturers Association said that despite an overall decline in car production and sales, Chinese car exports peaked in June amid improving global markets and improving the competitiveness of Chinese brands. CAAM data show that Chinese automakers exported 158,000 vehicles last month, up 5% from May and 154.5% from June 2020. The body of the industry expects China’s auto sales to reach 27 million units in 2021 – an increase of 6.7 percent from 2020 – and NEV sales to increase 76 percent to 2.4 million units. China is determined to become the world’s best economy.
*** Reducing the price of cold rolled coils in China and its impact on the car
CRC prices are back again. Market participants have slowed down and are waiting for the news in this sector and reaching a balanced price. In upstream metals markets, the weekly fast-market valuation for cold-rolled steel coils was China’s domestic delivery of 6,200 yuan ($ 958) per tonne on Friday, July 9, down 50 yuan from June 11. Prices are fluctuating on July 2 after falling to the support level of this section, ie 5950-6,030 yuan per ton. While there is talk of Chinese factories to reduce the country’s annual production of crude steel compared to last year, they must reduce production for the rest of the year.
“Purchases from the automotive sector were weak in June because a shortage of transistors and electronic chips for Chinese car Manufacturers Association report on production manufacturing was a bottleneck in China’s automotive system. He does not expect a significant increase in the second half of the year,” said a Shanghai-based steel trader. “Even the reduction in chip shortages will allow production to improve,” he said.
*** Short-term support for the price of aluminum alloy ingots
The price of ADC12, an alloy used in car wheels, rose last week amid rising prices on the Shanghai Stock Exchange. However, due to weak demand in the automotive industry, this rate remains lower than a month ago. Fast Market price assessment for ADC12 aluminum alloy, China dp exports on Wednesday, July 7 was 17,900-18,100 ($ 2,762-2,793) yuan per ton. The figure was 100 yuan per tonne from 17,800-18,000 yuan per tonne a week earlier. The price fell from May 19 to June 30 for six consecutive weeks, from 19,300-19,500 yuan per tonne to 17,800-18,000 yuan per tonne.
*** Decreased demand in Chinese automotive aluminum rims
Aluminum sources cited the main aluminum price at SHFE in July as the main driver of the recent rise. Many market participants, however, are unsure of downstream demand for the alloy. The decline in demand from the automotive industry is still a week away, as many manufacturers are still suffering from a shortage of chips. In addition, June and July are a volatile trading season for the Chinese car market due to their summer holidays during this period.
*** Price details in the automotive aluminum market
The SHFE aluminum contract closed at 19,075 yuan per tonne on Monday, July 12, up 175 yuan per tonne from last Friday’s closing price of 18,900 yuan per tonne. The monthly average for July on Monday was 38,949.18 yuan per tonne, about 300 yuan per tonne higher than the June average of 18,643.81 yuan per tonne in June.
*** Demand for the battery industry in China’s auto industry
Major prices for battery raw metals – including lithium, cobalt and nickel – rose last month due to low demand for electric vehicle batteries, along with upstream supply constraints. Price of Lithium Hydroxide – The raw material for the production of nickel-rich cobalt-manganese nickel batteries, which typically have the highest energy density among all types of electric vehicle batteries. With the production of cathodic materials, batteries continue to rise in price in all downstream markets.
*** Take a look at the by-products markets Chinese car Manufacturers
Fast Market Evaluation for Lithium Monohydrate Hydroxide 56.5% LiOH. H2O, the spot price range of China was 95,000-98,000 yuan per ton on July 8. This price increased by 15.8% compared to 92,500-97,500 yuan per ton on June 10. The battery market has always been in high demand and the price of this material has been constantly rising. The increase in battery chemical power, the increase in the price of spodoman, is the main lithium-producing material in China. Some found it difficult to obtain enough material to conform to their ambitious plans.
*** Lithium Derivatives Market in Chinese Car Battery
Monthly fast market assessments of automotive ancillary markets show that for Spodoman 6% in Li2O, cif China on June 30 was $ 690-750 per tonne, up from $ 35 per tonne – or 5.11% – from 650-720 The dollar rose per tonne in the previous month. This price has increased by more than 80% this year from $ 390-400 per ton on December 30, 2020. Likewise, market sources are largely optimistic about the price of lithium hydroxide in the near future, as the supply gap for Spodoman will probably not decrease in the second half of this year.
*** The price of nickel sulfate as the main material of Chinese car batteries
China’s nickel sulfate prices were mostly on an upward trajectory last month, despite a brief decline in mid-June. Supporting the shortage of mixed hydroxide alloys (MHPs) – one of the main raw materials for making car batteries – and rising demand from downstream EV batteries, market participants told FastMarket that MHP debt this year is about 94% of the cash price. The London Metal Nickel Exchange has risen. However, prices did not rise as aggressively last month compared to early May amid limited trading due to the waiting distance between producers and buyers. While the availability of alternative raw materials such as nickel briquettes has also slowed the price increase.
*** Stability of export prices of raw materials for Chinese cars
The latest fast market assessment of nickel sulfate with a purity of at least 21% and a maximum of 22.5%, cobalt 10ppm, from China was 34,500-35,500 yuan per ton on July 9, which is 3.7% of 33,500-34,000 yuan per ton in 11 It was June. Metal Bulletin’s monthly assessment shows that of at least 99.8% nickel, Shanghai cif on June 29 was $ 150-200 per ton. Export prices have not changed in practice compared to the previous month. Cobalt sulfate prices have been rising since mid-June amid high demand among downstream consumers. Cobalt sulfate at 20.5% Co, priced at 79,000-81,000 yuan per tonne in China as of Friday, July 9, from 11,000 yuan per tonne on June 11 from 68,000-70,000 yuan per tonne The tone increased.
این مطلب بدون برچسب می باشد.