Index
On February 22, 2022, the Shanghai Composite Index closed at 3457.15 points, down 0.96%; Shenzhen composite index closed at 13297.11 points, down 1.29%; The coal industry index closed at 2750.12 points, up 0.32%. The top three companies are Yankuang energy, Shanxi Coal International Energy Group Co.Ltd(600546) , Pingdingshan Tianan Coal Mining Co.Ltd(601666) . The non-ferrous metals index closed at 5858.18 points, up 1.69%. The top three companies are: Chenzhou City Jingui Silver Industry Co.Ltd(002716) , Tibet Summit Resources Co.Ltd(600338) , Western Region Gold Co.Ltd(601069) .
Comments
Crude oil prices continued to rise today, with related concept stocks rising higher. The current geopolitical events affect the short-term rhythm of crude oil. The results of Iran peace talks are expected to be clear by the end of February. If Iran peace talks fail to reach an agreement, it will further increase the upward risk of crude oil. For Russia and Ukraine, under the condition that Russia recognizes the independence of Donbas region, the risk of conflict between Russia and Ukraine escalates in the short term, and Russia is highly likely to face EU sanctions in the follow-up. If Russia’s oil and gas exports or production are affected by European and American sanctions, the short-term upward risk of crude oil prices will increase. It is recommended to pay attention to relevant investment opportunities. Related subjects: China Oilfield Services Limited(601808) , Zhongman Petroleum And Natural Gas Group Corp.Ltd(603619) , Petrochina Company Limited(601857) .
The precious metals sector rose higher, with gold prices above $1910 / ounce. Recently, we have repeatedly mentioned the investment opportunities in the precious metal sector, which is gradually confirmed by the market. The main reason is still the risk aversion brought by the geopolitical risks of Pro Russia and Ukraine. Since the beginning of the year, due to the high inflation in the United States and the repricing of monetary policy, the double killing of U.S. stocks and bonds has been promoted, and the safe haven attribute of gold has regained its favor of funds, and the investment targets, including gold related stocks, gold ETFs and gold futures, have received capital inflows. In the short term, the Russian Ukrainian problem is difficult to ease quickly, and the risk aversion has brought some support to gold. The subsequent gold price is expected to continue to strengthen under the expectation of interest rate hike by the Federal Reserve and geopolitical factors. Related subjects: Yintai Gold Co.Ltd(000975) , Shandong Gold Mining Co.Ltd(600547) , Western Region Gold Co.Ltd(601069) .
Industry dynamics
Liontownresource, an Australian lithium producer, recently announced that the company has signed a five-year supply agreement with Tesla to supply spodumene concentrate from its Kathleen Valley Project in Western Australia. According to the agreement, Tesla will obtain a total of about 700000 tons of spodumene concentrate within five years from 2024. (Changjiang nonferrous metals)
Company dynamics
Tibet Mineral Development Co.Ltd(000762) (000762): Tibet Mineral Development Co.Ltd(000762) said that the company signed a 100 ton lithium hydroxide pilot test contract with Jiangsu Jiuwu Hi-Tech Co.Ltd(300631) . After the pilot test is successful, the construction of 10000 ton lithium hydroxide project will be considered later.
Risk tip: macroeconomic is less than expected and geopolitical risks are escalating.
