event
On December 8, 2021, the Shanghai Composite Index closed at 3637.57 points, up 1.18%; Shenzhen composite index closed at 14964.46 points, up 1.82%; The power equipment and new energy index closed at 14389.92 points, up 1.72%. The wind primary material index closed at 6520.04 points, up 1.48%. Among them, the top three companies in the mining industry are: Bomesc Offshore Engineering Company Limited(603727) (603727. Sh, 7.4%), Hainan Mining Co.Ltd(601969) (601969. Sh, 5.47%), Zhongman Petroleum And Natural Gas Group Corp.Ltd(603619) (603619. Sh, 4.02%). The top three companies in the non-ferrous metal industry are: Baiyin Nonferrous Group Co.Ltd(601212) (601212. Sh, 10.04%), Ningxia Orient Tantalum Industry Co.Ltd(000962) (000962. SZ, 10.02%), Anhui Zhongyuan New Materials Co.Ltd(603527) (603527. Sh, 10.02%).
comment
The price of thermal coal decreased slightly. In terms of port inventory, invalid port inventory gradually decreases. After the weather turned sunny, the inventory of ports around the Bohai Sea showed a downward trend after accelerated shipment. Today, the coal storage in Qinhuangdao Port fell to 4.87 million tons. In terms of demand, after the Rizhao coal fair, the coal storage of some small and medium-sized users with a wait-and-see attitude began to decline, coupled with frequent cold air activities and increased daily consumption, so it is necessary to replenish the warehouse. The lifting of civil power load and industrial power rationing in some areas has driven the coal market demand to turn better. Considering that the Winter Olympic Games and Paralympic Games will be held from February to March next year, coal shipping enterprises may face shutdown or production restriction under the influence of policies. In terms of import, there are few transactions in the imported coal market. In addition, due to the continuous heavy rainfall, the production and shipment of imported Indonesian coal are hindered, and the arrival at the port is significantly reduced. In the near future, the coal price will fluctuate and adjust within a reasonable range. It is recommended to pay attention to the following related subjects: Yanzhou Coal Mining Company Limited(600188) , Pingdingshan Tianan Coal Mining Co.Ltd(601666) , Shanxi Coking Coal Energy Group Co.Ltd(000983) .
Industry dynamics
1. Recently, Coal Corporation of India (CIL) issued a warning that the coal cost has risen seriously recently. In order to ensure the company’s profitability, it will consider raising the coal price in the long-term supply agreement. At present, coal power still accounts for more than 70% in India’s power supply system. Under the situation that it is imperative to raise coal price, the recent rapid rise in coal price has greatly pushed up India’s energy consumption cost. (China Energy News)
2. The national development and Reform Commission and other four departments issued the implementation plan for implementing the requirements of carbon peak and carbon neutralization goal and promoting the green and high-quality development of new infrastructure such as data center and 5g. It is proposed that the average power utilization efficiency of new large and super large data centers in China will be reduced to less than 1.3, the national hub nodes will be further reduced to less than 1.25, and the green low-carbon grade will reach more than 4a. Give full play to the important supporting role of data center and 5g in promoting the digital transformation of traditional industries, promote traditional industries such as coal, iron and steel, cement, nonferrous metals, petrochemical and chemical industry to accelerate the pace of “using digital intelligence to go to the cloud”, optimize management processes, and realize cost saving and consumption reduction. (National Development and Reform Commission)
Company dynamics
Tdg Holding Co.Ltd(600330) (600330): the company accumulatively reduced Yaguang Technology Group Company Limited(300123) 13790140 shares through centralized bidding, accounting for 1.37% of its total share capital; 2420478 Broadex Technologies Co.Ltd(300548) shares were accumulatively reduced through centralized bidding, accounting for 1.39% of its last public total share capital of 173712775 shares. Shenghe Resources Holding Co.Ltd(600392) (600392): within 6 months after 15 trading days from the date of announcement and disclosure of the reduction plan, Mr. Wang Xiaohui plans to reduce the company’s shares by no more than 5 million shares (no more than 25% of his shares) and no more than 0.28% of the company’s total share capital through centralized bidding trading on Shanghai Stock Exchange.
Risk tips: the epidemic situation fluctuates beyond expectations and the macro-economy is less than expected.
