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On August 11th, the China Passenger Car Association (CPCA) projected that the passenger car market in August 2026 would exhibit a trend of "weak overall recovery and strong structural differentiation." With 21 working days for production and sales coinciding with the off-season due to high temperatures, the recovery in the terminal market was slow. Multiple macroeconomic and industry factors intertwined to shape the market landscape. Affected by the disruption to navigation in the Strait of Hormuz, international oil prices fluctuated upwards in July, leading to two rounds of cumulative increases in domestic refined oil prices of nearly 985 yuan/ton. This significantly raised the cost of using and maintaining gasoline-powered vehicles, continuously suppressing consumers willingness to purchase them. The continued weakening demand for traditional gasoline-powered vehicles became a core external positive factor for the counter-trend growth of new energy vehicles, continuously expanding the growth space for new energy vehicle models in both domestic and overseas markets.On August 11th, it was reported that in July, the retail penetration rate of new energy vehicles (NEVs) in the overall passenger vehicle market in China reached 65.1%, an increase of 11.6 percentage points year-on-year and 2.1 percentage points month-on-month. In July, the NEV penetration rate among domestic brands was 83.8%; among luxury brands, it was 30.9%; while among mainstream joint venture brands, it only rose to 13.7%. Looking at the monthly domestic retail market share of NEVs, in July, domestic brands held a 64.6% share, a year-on-year decrease of 5.3 percentage points; mainstream joint venture brands held a 4.5% share, a year-on-year increase of 0.9 percentage points; and emerging electric vehicle (EV) brands held a 26.8% share, with brands such as Leapmotor and NIO contributing a 5.4 percentage point year-on-year increase in their market share.The China Passenger Car Association (CPCA) reported that the wholesale penetration rate of new energy vehicles (NEVs) reached 64.2% in July, an increase of 11 percentage points compared to July 2025. In July, the penetration rate of NEVs among domestic brands was 73.6%; among luxury cars, it was 57.1%; and among mainstream joint venture brands, it rose to 17.1%.Lebanons Ministry of Health: An Israeli drone strike in Nabatieh injured two people.August 11th - Data from the China Passenger Car Association (CPCA) shows that in July, the production of new energy passenger vehicles reached 1.449 million units, a year-on-year increase of 25.6% and a month-on-month increase of 0.2%. From January to July, the cumulative production of new energy passenger vehicles reached 8.214 million units, a year-on-year increase of 7.9%. Wholesale sales of new energy passenger vehicles reached 1.446 million units in July, a year-on-year increase of 21.3% and a month-on-month decrease of 2.8%; from January to July, wholesale sales of new energy passenger vehicles reached 8.248 million units, a year-on-year increase of 7.6%. Wholesale sales of conventional fuel-powered passenger vehicles reached 810,000 units in July, a year-on-year decrease of 24% and a month-on-month decrease of 8%.

Forecast for the price of silver: Silver Markets Retrace the Early Gains

Alina Haynes

Jul 14, 2022 11:47

 截屏2022-06-06 下午5.54.42.png

 

During the trading session on Wednesday, silver markets started off a little stronger before giving back the early gains and beginning to deteriorate. Currently, silver is experiencing a lot of pessimism, and it won't be long until we break down below the bottom of the hammer from Tuesday's session, creating a significant selling opportunity. Although this market has been down for a long, I believe that if we do get a chance to rise, it will make for a good shorting opportunity.

 

Given that the $20 level has historically been a source of certain problems, it is important to pay special attention to this huge, round, psychologically significant number. In the end, I believe that this market will finally reverse all rallies. The $21 level should act as resistance if we break above there. The 50 Day EMA should also be closely monitored because it is a dynamic resistance and is giving out considerably less money. Many individuals will be very interested in.

 

You should only trade derivatives with funds you can afford to lose because doing so entails a significant level of risk to your investment. Trading derivatives may not be appropriate for all investors, so make sure you are fully aware of the risks and, if required, seek independent advice. Before engaging in a transaction with us, you should carefully review the Product Disclosure Statement (PDS), which is available on this website or upon request from our offices. Spreads starting at 0.0 pips are available with commission fees of USD $3.50 for every 100k transacted in raw spread accounts. Standard accounts provide spreads starting at 1 pip with no added commission fees. CFD index spreads begin at 0.4 points. Residents of any nation or jurisdiction where such distribution or usage would be in violation of local law or regulation are not the intended audience for the material on this website.

 

Since there won't be much demand for silver, which is clearly the case since the economy appears to be entering a recession, the metal will genuinely continue to struggle. Since the US dollar index has such a strong negative association to this chart and the US currency has been increasing as it has, you should pay special attention to it. I'm only searching for chances to sell silver at the moment.


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