① Pfizer covid-19 oral drug was approved with conditions, and China's API industry welcomed the opportunity
On November 11, the State Food and Drug Administration conducted emergency review and approval, and approved the import registration of Pfizer's covid-19 virus treatment drug nimatovir tablets / ritonavir tablets combination packaging (i.e. paxlovid) with conditions. On the same day, Porton Pharma Solutions Ltd(300363) announced that it had received a new batch of purchase orders from Pfizer Ireland pharmaceuticals, and the company would provide contract customized R & D and production (cdmo) services for Pfizer, with a total order amount of $681 million and a delivery time of 2022. At present, the order has taken effect.
Zhongtai Securities Co.Ltd(600918) pointed out that the conditional approval of paxlovid not only reflects China's urgent demand for covid-19 oral drugs, but also provides a reference for covid-19 therapeutic drug declaration in other clinical stages. We believe that the follow-up catalysis of covid-19 therapeutic drugs is expected to continue, and we suggest paying attention to Shanghai Junshi Biosciences Co.Ltd(688180) , Wuxi Apptec Co.Ltd(603259) , Asymchem Laboratories (Tianjin) Co.Ltd(002821) .
② many cement enterprises have issued price adjustment letters, and the clinker price may enter the "rapid repair period"
According to the news from China cement market center, after the Spring Festival, the clinker prices in the Yangtze River Delta and Pearl River Delta have risen one after another, and many enterprises have issued price adjustment letters. Market analysts said that before the Spring Festival, the clinker price was significantly reduced. Under the pressure of coal price cost, the clinker price was expected to be repaired quickly. In addition, some enterprises staggered peak production and stopped kiln maintenance, the overall inventory was not high, and the procurement of downstream grinding stations was delayed, so the clinker price rose significantly.
Boc International (China) Co.Ltd(601696) said that the accelerated issuance of special bonds in the second half of 2021 is expected to form infrastructure demand in the first half of 2022, and cement has a high probability of benefiting from infrastructure recovery. It is recommended to pay attention to Huaxin Cement Co.Ltd(600801) , Tangshan Jidong Cement Co.Ltd(000401) , Anhui Conch Cement Company Limited(600585) , etc.
③ the international oil price has reached a new high in recent seven years, and the supply and demand fundamentals may continue to be in tight balance
In recent weeks, international oil prices have soared all the way, frequently hitting US $100 / barrel. Last week, Brent crude oil hit a seven-year high of $94 a barrel.
Minsheng Securities believes that the impact of Omicron virus strain on crude oil demand is not as serious as expected. Some countries have relaxed epidemic control measures, resulting in an increase in crude oil demand. It is expected that the global crude oil supply and demand fundamentals are expected to continue to maintain a tight balance throughout the year, driving the upward shock of crude oil prices. It is recommended to pay attention to Petrochina Company Limited(601857) , China Petroleum & Chemical Corporation(600028) , Zhongman Petroleum And Natural Gas Group Corp.Ltd(603619) , etc.
