[today’s Guide]
Prices soared by 15% in a single day. Under the conflict between Russia and Ukraine, the supply of such products may be greatly impacted. The company has signed a 25 year development contract overseas
The profit of the first quarter increased by more than 10 times, and the first performance forecast of the lithium sector was released. The company joined hands with Contemporary Amperex Technology Co.Limited(300750) to plan a production capacity of 160000 tons / year
Queue up to pull goods, and the workshop is full-load production. The downstream demand for this product is booming, and there has been a supply gap since 2021
The top-level policy first proposes to vigorously develop this field. In the next decade, the main battlefield of consumption may triple the size of this trillion market
Effective from March 1! The Ministry of industry and information technology plans to use 76-79ghz frequency band for automotive radar
The price of cement clinker along the river in Anhui has reached 80 yuan / ton since the lunar new year
[subject details]
prices soared by 15% in a single day, and the supply of such products may be greatly impacted under the conflict between Russia and Ukraine
Industry data show that China’s LNG market price has been raised frequently recently, with the largest increase on the 21st. The average market price rose from 6661 yuan / ton last Friday to 7636 yuan / ton, up 975 yuan / ton, or 14.94%.
Gaohong group, an American investment bank, said that Russia exported about 650 million cubic meters of natural gas a day, accounting for about 25% of the total global natural gas trade, of which 85% were exported to Europe. Especially during the conflict, Russia’s natural gas exported to Europe through the Ukrainian pipeline system may be disturbed. As the cleanest form of fossil energy, natural gas releases far less carbon per unit heat than coal; Compared with photovoltaic, wind power and other new energy forms, natural gas, as a traditional fossil energy, has the characteristics of 24-hour uninterrupted supply. Before the economic application of energy storage, natural gas power generation will play an important role in the power system. Therefore, natural gas will play an important transitional role in the process of carbon peaking and carbon neutralization. Everbright Securities Company Limited(601788) the analysis points out that under the constraints of China’s double carbon goal, natural gas, as a clean primary fossil energy, will be an important tool for China to slow down the growth rate of carbon emissions. On the premise that the proportion of non fossil energy use has not increased significantly, natural gas will play an important role in China’s “carbon neutralization road”.
Among the A-share listed companies, Geo-Jade Petroleum Corporation(600759) Suk gas field and the central exploration and Development Commission of the Republic of Kazakhstan signed the oil and gas exploration and development contract of Suk project, which determined that the development period was 25 years. Previously, it was announced that the company would acquire the “3.1 billion shares” of the gas transmission line from Changle to Huodong in the upper reaches of Changtu to changliao, and would acquire the “3.1 billion shares” of the gas transmission line from Changtu to Huodong. By signing a cooperation contract with PetroChina coalbed methane Co., Ltd., the holding subsidiary of Sino Prima Gas Technology Co.Ltd(300483) Zhonghai wobang has obtained the right of natural gas exploration, development, production and operation in Shilou west block. At present, Shilou west block has filed a 2.2 billion m3 / year development plan with the national energy administration.
the profit in the first quarter increased by more than 10 times, and the first performance forecast of lithium sector was released
On the evening of February 21, Sichuan Yahua Industrial Group Co.Ltd(002497) released the first quarterly performance forecast of lithium sector. The company expects to realize a net profit attributable to the parent company of RMB 900 million-1.2 billion in the first quarter of 2022, with a year-on-year increase of 1053.67% – 1438.22%. The company made a profit of 925 million yuan in 2021.
Last week, the prices of battery grade and industrial grade lithium carbonate in China closed at 426500 yuan / ton and 417500 yuan / ton respectively, with prices rising by 11.5% and 9.0% respectively during the week. Last week, the price of lithium hydroxide monohydrate in China closed at 372500 yuan / ton, and the price rose by 10.7% during the week; The FOB price of lithium hydroxide in China closed at US $52.75/kg, up 11.6% during the week. Citic Securities Company Limited(600030) the analysis points out that the lithium supply is at a low point in the year, the demand shows no signs of weakening, the contradiction between supply and demand in the industry is acute, the downstream price increase procurement behavior continues to push the price to a new high, and the price is expected to maintain a strong operation in the first quarter.
Among A-share listed companies, Suzhou Ta&A Ultra Clean Technology Co.Ltd(300390) and Contemporary Amperex Technology Co.Limited(300750) jointly invested and established Tianyi lithium industry. The production capacity of the first phase of the 20000 ton battery grade lithium hydroxide project is fully released. After all the expansion projects are completed, Tianyi lithium industry will have a total production capacity of 160000 tons / year of battery grade lithium hydroxide products. Chengxin Lithium Group Co.Ltd(002240) the 30000 ton lithium hydroxide project of suiningsheng new year, a subsidiary, was officially ignited and put into production. It entered the trial production stage, and the lithium salt production capacity of the company increased to 70000 tons / year. Jiangxi Special Electric Motor Co.Ltd(002176) has two lithium mica production lines for preparing lithium carbonate, with a total annual capacity of 15000 tons; It has a production line with an annual capacity of 15000 tons for preparing lithium carbonate from spodumene, a production line with an annual capacity of 10000 tons of lithium hydroxide from spodumene and a production line with an annual capacity of 5000 tons of lithium carbonate (under construction).
queue up to pull goods, and the workshop is full-load production. The downstream demand of this product is hot, and there has been a supply gap since 2021
After the sharp rise of nickel spot price last year, there has been another wave of rapid rise since the beginning of the year, with an increase of more than 15% this year. According to media reports, the nickel electrolytic cell in the production workshop of a smelter is producing at full capacity. In response to the rapidly growing demand, the smelter is trying to improve its production capacity.
Since 2021, the global demand for nickel has increased significantly. According to the report data of the world Bureau of metal statistics, the supply shortage in the global nickel market reached 144300 tons in 2021, while there was still an oversupply of 84000 tons in 2020. The downstream demand for nickel is mainly the manufacture of stainless steel, alloy and power battery. Among them, the demand for power batteries increased rapidly. The production and sales of new energy vehicles exceeded market expectations, and the installed capacity of corresponding power batteries increased by 102% year-on-year, of which the proportion of ternary batteries reached 58%, which doubled. The sales volume of new energy vehicles has driven the marginal consumption growth of nickel and cobalt. Antaike, a non-ferrous metals research institute, predicts that the global demand for nickel will reach 3.05 million tons in 2022, with a year-on-year growth rate of 9.4%; China’s nickel demand was 1.655 million tons, with a year-on-year growth rate of 7.3%. From 2020 to 2021, the proportion of power batteries in China’s nickel consumption structure has increased from 10% to 15%.
Among A-share listed companies, Qingdao Zhongzi Zhongcheng Group Co.Ltd(300208) holds about 2014 hectares of Madani nickel mine in Sulawesi province, Indonesia (the company holds 95% equity), and about 1963 hectares of BMU nickel mine (the company holds 80% usufruct to the nickel mine). Chengtun Mining Group Co.Ltd(600711) the Youshan nickel project in Indonesia and the Munari project in Zambia have a total of 40000 tons / year of nickel metal products. Metallurgical Corporation Of China Ltd(601618) the estimated retained resource of Papua New Guinea Ruimu nickel cobalt project is 156 million tons.
the top-level policy first proposes to vigorously develop this field, the main battlefield of consumption in the next decade, and the size of this trillion market may triple
The national plan for the development of the cause of the elderly and the elderly care service system in the 14th five year plan first proposed “vigorously develop the silver economy”.
The plan clearly defines the development and expansion of the elderly products industry, strengthens the R & D and manufacturing of elderly products, and widely develops daily necessities for the elderly to meet the needs of the elderly in clothing, food, housing and transportation. At the same time, about 10 high-level silver economic industrial parks are planned in Beijing Tianjin Hebei, Yangtze River Delta, Guangdong Hong Kong Macao Dawan District, Chengdu and Chongqing.
Globally, the proportion of pension industry in developed countries in Europe and the United States in GDP is more than 20%, while that in China is only 7%. There is a huge space for the development of pension industry. In the medium and long term, China’s aging trend is difficult to reverse for a long time, and the increase in the proportion of the elderly population gives birth to the consumption demand of the elderly care industry. According to the prediction of the United Nations, according to the neutral scenario, China will enter a super aging society in 2035, that is, the proportion of the elderly aged 65 and over will exceed 20%, increase to 26% in 2050 and exceed 30% in 2075. Soochow Securities Co.Ltd(601555) believes that aging plus fewer children and silver economy are the main battlefield of consumption in the next decade (2022-2031). According to iResearch, the market scale of China’s pension industry will reach 7.7 trillion yuan in 2020 and 22.3 trillion yuan in 2030.
Among A-share listed companies, Yihua Healthcare Co.Ltd(000150) business core is comprehensive medical institution operation and service and elderly care community operation and service. Beijing Centergate Technologies (Holding) Co.Ltd(000931) has 17 elderly care service facilities such as care centers, elderly care post stations and traditional Chinese medicine hospitals, forming a full life-cycle elderly care service system integrating medicine, health, care, care and entertainment. The total number of beds is nearly 2000, ranking in the forefront of Beijing. Qianhe pension, with Business-Intelligence Of Oriental Nations Corporation Ltd(300166) shares, is the first batch of private pension units that have passed the certification of pension service standard system in China.
effective from March 1! The Ministry of industry and information technology plans to use 76-79ghz frequency band for automotive radar
The Ministry of industry and information technology issued the Interim Provisions on radio management of automotive radar at the end of 2021, which mentioned that 76-79ghz frequency band is planned to be used for automotive radar. The main use scenarios include adaptive cruise control, collision avoidance, blind spot detection, lane change assistance, parking assistance, rear vehicle warning, pedestrian detection, etc. These regulations will come into force on March 1, 2022. Since the date of implementation, the national radio administration will no longer accept and approve the application for model approval of on-board radar radio transmitting equipment in 24.25-26.65ghz band.
Huaan Securities Co.Ltd(600909) Yin Yanji said that millimeter wave radar, camera and lidar are recognized as the three key sensing technologies for automatic driving. The advantage of millimeter wave radar is that it can provide accurate distance and speed information, and the detection distance is relatively long. It can work all day (night, rainy day, etc.). With the popularization of automatic driving technology, the market demand for relevant core sensors such as millimeter wave radar also increases. According to IDC forecasts, the global L1-L5 class autopilot truck volume is expected to reach about 54 million 250 thousand in 2024. Assuming that each vehicle has an average of 5 millimeter wave radars with a value of 1000 yuan, the market will be over 50 billion per year.
Among the listed companies, Union Optech Co.Ltd(300691) is mainly engaged in millimeter wave radar with a frequency band of 76-81ghz, and the millimeter wave radar verified by automobile enterprises is 77GHz; Zhejiang Asia-Pacific Mechanical & Electronic Co.Ltd(002284) layout the automotive intelligent network industry and new energy vehicle industry, and create an unmanned industrial chain of intelligent vehicle environmental perception + active safety control + Mobile Internet. 77GHz millimeter wave radar products have been mass produced.
the price of cement clinker along the river in Anhui has reached 80 yuan / ton since the Lunar New Year
According to the market feedback, the clinker along the river in Anhui increased by 20 yuan / ton on February 21. After the adjustment, the FOB price of clinker from large factories along the river is basically about 440-450 yuan / ton. Driven by the continuous increase of clinker price, the cement price in the Yangtze River Delta is expected to increase greatly recently. As the wind vane of the national cement market, the price of clinker in the Yangtze River Delta continues to lead the rise. In just half a month since the lunar new year, the price of clinker along the river in Anhui has started the third round of increase, with a cumulative range of 80 yuan / ton.
Zhongtai Securities Co.Ltd(600918) sun yingyanbao pointed out that the commencement of major projects / issuance of special bonds on the infrastructure side has been accelerated, the policy on the real estate side continues to improve, and the demand is expected to start gradually. In the short term, when the cement industry is expected to grow steadily and heat up, the excess return of the sector is prominent. In the 22 years, the industry has high prosperity toughness (focusing on the enhancement of supply side coordination), and in the medium and long term, the industry is expected to be integrated + extended.
Among the listed companies, Guangdong Tapai Group Co.Ltd(002233) is one of the leading cement enterprises with large scale and strong comprehensive competitiveness in Guangdong Province. It has a high share in the cement market in eastern Guangdong, has a strong voice in product price, and the sales price of cement is relatively high; Fujian Cement Inc(600802) is one of the 60 large-scale enterprises that the state focuses on supporting the structural adjustment of the cement industry. It is the only listed company in the cement industry in Fujian Province. The company has special railway lines in Jianfu plant, Yong’an Jianfu plant, stone refinery and many cement production bases, and has logistics advantages in specific markets.
