A regulatory signal is sent!
China development network, which is in charge of the national development and Reform Commission, announced today that recently, the national development and Reform Commission and relevant parties jointly formed 15 verification working groups to comprehensively carry out the special verification of the signing and performance of medium and long-term coal contracts in 2022, covering all provinces, regions and cities across the country. In view of the rapid rise in China’s coal spot and futures prices not long ago, the national development and Reform Commission has paid great attention to the changes in coal prices and has held a special meeting to deploy the work of stabilizing coal production, supply and price during the Spring Festival. At the same time, we will work with relevant departments to further strengthen market price regulation and supervision, severely crack down on illegal price behaviors in the spot and futures markets, and ensure that coal prices operate within a reasonable range.
Affected by this news, the coal sector with a market value of more than trillion rushed up and fell today. The afternoon decline of Shanxi Lu’An Environmental Energydev.Co.Ltd(601699) , China Shenhua Energy Company Limited(601088) , Huaibei Mining Holdings Co.Ltd(600985) , Pingdingshan Tianan Coal Mining Co.Ltd(601666) increased. What is more worth mentioning is the futures. The main force of thermal coal once surged 4% in the morning and plunged rapidly in the afternoon, with a decline of more than 3%. The main performance of coking coal is similar to that of power coal.
The star of today’s market is China Mobile. Driven by funds, the stock rose strongly today, and the market value of a + H also exceeded trillion, making the market hot. So, can the rebound continue?
coal futures stocks fell
On February 9, the market performed well. The three major stock indexes of Shanghai and Shenzhen fluctuated and rose throughout the day, with more than 3400 shares flying red. A total of 115 stocks rose by the limit and only 6 fell by the limit. Gem refers to the gradual force in the afternoon. The transaction volume between the two cities is about 930 billion yuan, and the trading volume is steadily enlarged.
Another data shows that northbound funds bought 484 million yuan in a small net throughout the day. Although the gem index rebounded stronger than the Shanghai index, the direction of foreign capital inflows continued the recent trend of strong and weak in Shanghai. The Shanghai Stock connect net bought 983 million yuan and the Shenzhen Stock connect net sold 499 million yuan.
Today, there is an obvious change in one sector, that is, the coal sector. The sector has been doing well before, but today there was a sudden turn around, and the coal index rose and fell.
Large cap stocks in the coal sector rose and fell in the afternoon.
Futures showed the most obvious performance, and the main force of coking coal accelerated diving in the afternoon.
Power coal once rose 4% in the morning and plunged in a straight line in the afternoon, with a decline of more than 3%.
national development and Reform Commission
According to the information released by China development network, according to the national development and Reform Commission, as of January 30, the signing amount of medium and long-term coal contracts in 2022 has increased significantly year-on-year. Most provinces, autonomous regions and cities have achieved full coverage of coal for power generation and heating. At present, the entry of the platform has been completed.
In order to further strengthen the supervision of coal medium and long-term contract performance and effectively improve the level of contract performance, recently, the national development and Reform Commission and relevant parties jointly formed 15 verification working groups to comprehensively carry out the special verification of the signing and performance of coal medium and long-term contracts in 2022, covering all provinces, regions and cities across the country, Focusing on the signing rate, quality and fulfillment of contracts for local coal resources and coal for power generation and heating, we will earnestly urge the supplier and the demander to strictly sign and perform the contract, and will conduct interviews, notification and accountability for typical cases of breach of contract according to the data summary and verification, so as to improve the awareness of good faith performance of all parties, Give full play to the “stabilizer” role of medium and long-term contracts for coal supply and price.
According to the wechat news of the national development and Reform Commission, during the Spring Festival holiday, various regions and central enterprises made efforts to stabilize coal production and supply and scientifically arrange production and sales. The daily output, supply and shipment of coal were higher than that of the same period of the lunar calendar, which effectively guaranteed the demand for coal for the festival.
Since the third day of the first month, coal production in various regions has rebounded rapidly, and has basically returned to the pre holiday level. The coal storage of national unified dispatching power plants has remained above 165 million tons, an increase of more than 40 million tons over the same period last year. With the accelerated recovery of coal production, the demand for coal in superimposed heating season has decreased, and the guarantee capacity of coal supply will be further enhanced.
It is reported that in view of the rapid rise in China’s coal spot and futures prices not long ago, the national development and Reform Commission has paid great attention to the changes in coal prices and has held a special meeting to deploy the work of stabilizing coal production, supply and price during the Spring Festival. At the same time, we will work with relevant departments to further strengthen market price regulation and supervision, severely crack down on illegal price behaviors in the spot and futures markets, and ensure that coal prices operate within a reasonable range.
is the sea god needle coming?
Another hot spot in the market is China Mobile. The stock was unexpectedly sealed off the daily limit today, with a turnover of 3.3 billion yuan.
So, who is leading the market of China Mobile? Previously, there were hot money in the investment circle who said they wanted to buy China Mobile. They believe that China Mobile is the first stock in the digital economy.
China’s leading brokerage Citic Securities Company Limited(600030) released a research report on February 8, giving the company A-share target price of 75 yuan / share, with 11% room for rise compared with today’s closing price of 67.43 yuan. China International Capital Corporation Limited(601995) also gave the initial rating that China Mobile A shares outperformed the market, with a target price of 81 yuan.
However, it is worth mentioning that at present, China Mobile is not a constituent stock of the index, so its rise has little real impact on the index, but it will create a bull atmosphere. However, if he continues to operate at a high level and joins the index, it may be a drag on the index if he turns down in the future.
Another stock, also can be said to be a sector is Moutai and baijiu. Today, Kweichow Moutai Co.Ltd(600519) shares rose 3.1%, the largest contribution to the stock index index, Baijiu index is soaring 4.62%.
from the message side, there are mainly two:
First, the price of Maotai liquor rose collectively today. From 2019 to 2021, the original containers increased, with an increase of about 70 yuan / bottle. At the same time, from 2020 to 2022, sanfei also rose, generally 20-25 yuan / bottle. Earlier, there have been reports that Baijiu consumption problems. More V, Baijiu cycle has a major reversal. These information led to a considerable number of recent Baijiu sales.
Second, not long ago, the national development and Reform Commission said it would speed up the introduction of a series of policies and measures to implement the strategy of expanding domestic demand. Focus on releasing consumer demand. Guide enterprises to launch more customized, intelligent and green commodities. We will implement policies and measures to boost bulk consumption such as automobiles and household appliances. We will improve the service quality of rural tourism, health care for the elderly and characteristic home stay, and enrich the supply of peripheral tourism, suburban tourism and ice and snow tourism products. Promote the combination of commodity consumption and service consumption, and expand new consumption such as information consumption and green consumption. Accelerate the penetration of the county’s rural e-commerce system and express logistics distribution system.
If Baijiu can be stable, the problem of index level can basically be solved. But whether Baijiu is really stable may need further observation.
The national development and Reform Commission held a special meeting on stabilizing coal prices today to interview some enterprises with falsely high prices
