On March 3, A-share concept stocks such as port, logistics and shipping ushered in the trading tide. As of the closing closing of the closing closing of the closing of the closing of the closing of the closing of the closing of the closing of the end of the closing, Jinzhou Port Co.Ltd(600190) \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ Sinotrans Limited(601598) and other about 20 stocks rose.
“Geopolitics has affected many Eurasian and American Asian polar air routes. It is calculated that at least a quarter of air cargo needs to find alternative routes, and shipping has become one of the alternatives. At the same time, the Baltic crude oil freight index (BDTI) rose 105.03% to 1466 points on March 2 compared with before the conflict on February 22. This is the direct reason for the rise in port logistics and shipping.” Tao Yunnan, an analyst of the asset management department of State Grid Yingda Co.Ltd(600517) Yangtze River Delta Center, analyzed the reasons for the rise in the limit to the reporter of Securities Daily.
“The epidemic has led to ‘one box hard to find’ and soaring freight rates in the shipping market. Now, with the superposition of geopolitical conflicts and the suspension and reduction of some routes, the original imbalance of the supply chain will intensify, which will further stimulate the rise of shipping prices.” A person in the shipping industry who declined to be named told reporters.
favorable policies superimposed high oil prices
port, shipping and logistics sector shares soared
At the closing on March 3, the A-share port index rose by 5%, and the trading limits of Jiangsu Lianyungang Port Co.Ltd(601008) , Jinzhou Port Co.Ltd(600190) , Liaoning Port Co.Ltd(601880) , Shenzhen Yan Tian Port Holdings Co.Ltd(000088) , etc. The rise of the shipping sector expanded to 4.26%, of which Cosco Shipping Holdings Co.Ltd(601919) rose by nearly 4%, and Zhe Jiang Dong Ri Limited Company(600113) rose again, realizing 4 sectors in 5 days Ningbo Marine Company Limited(600798) also sealed the daily limit, realizing three boards in four days Jinzhou Port Co.Ltd(600190) has been pleased to mention 6 boards for 6 days, with a cumulative increase of 63%.
The sharp rise in the concept of port has also attracted the attention of investors Guangzhou Port Company Limited(601228) 3 on the investor interaction platform, it was said that the conflict between Ukraine and Russia had a certain impact on the transportation of relevant routes in Ukraine and nearby, and the railway transportation of China Europe trains was less affected, and the overall impact of the incident on the company’s business was small.
On the same day, Ningbo Zhoushan Port Company Limited(601018) announced that in February, the company expected to complete the container throughput of 2.73 million TEUs, a year-on-year increase of 0.2%; The cargo throughput is expected to be 75.5 million tons, a year-on-year increase of 4.4%.
For the sharp rise in the port, shipping and logistics sectors, Liu Zhaoxiang, an investment adviser of Datong securities, said in the investment platform that Russia is firmly the largest source of energy imports in China and remains the second largest source of crude oil imports. The recent international geopolitical conflict will promote the increase of trade between China and Russia to a certain extent, which triggered the sharp rise of such stocks.
The port logistics and shipping sector ushered in the rising tide of the limit, and the favorable policy can not be ignored.
According to the official website of the Ministry of transport, on February 24, the Ministry of transport and the national development and Reform Commission jointly issued the notice on reducing and merging port charges and other related matters, deciding to reduce and merge port charges, reduce pilot fees of coastal ports and improve the tugboat fee charging policy.
In order to thoroughly implement the decision and deployment of the executive meeting of the State Council on reducing and merging port charges and reducing pilotage charges of coastal ports, the Ministry of transport, in conjunction with the national development and Reform Commission, has formulated, through on-the-spot investigation, soliciting opinions and cost supervision and examination, to incorporate port facility security fees into port operation package fees, reduce pilotage charges of coastal ports Measures such as expanding the scope of ships that the ship owner decides whether to use tugs will be implemented from April 1, 2022, so as to reduce the logistics costs of cargo owner enterprises and shipping companies and promote the optimization of the business environment at the port.
high oil price benefits the birth of supply chain
port shipping logistics sector benefited
With regard to the joint limit increase of port shipping and logistics, State Grid Yingda Co.Ltd(600517) Yangtze River Delta Center asset management analyst Liang Yukun told Securities Daily: “Due to the recovery of commodity demand after the epidemic, the global centralized transportation supply chain has always been in a tight state, and now the crisis in Ukraine will exacerbate this tension. From containers and oil tankers to dry bulk cargo and natural gas transportation, companies that suspend their business to Russia will affect all shipping departments, and the situation that it is difficult to find a container is difficult to ease may become tense again. European imports of Russian oil and natural gas Natural gas will also be affected. Oil and gas transportation will be diverted and imported by sea from the United States and the Middle East, which will also push up freight and energy prices. “
In fact, geopolitics also led to the sharp rise in oil prices, which led to the birth of the “high oil price benefit” supply chain.
Market data show that the main contract of Brent crude oil futures broke through the $100 and $110 mark two days ago. In April 2020, under the impact of the epidemic, Brent crude oil futures contract once fell below US $20, which means that the quotation of Brent crude oil futures contract has increased nearly six times in less than two years.
With regard to the joint rise in the limit of port, shipping and logistics, Tianfeng Securities Co.Ltd(601162) said in the research report that the oil price has risen sharply, and the consumption and transportation demand of coal as an alternative energy is expected to increase; The rise in oil prices has led to an increase in the cost performance of railways. The revenue and profits of commodity supply chain enterprises are expected to grow accordingly.
\u3000\u3000 “With the sharp rise in oil prices, coal as an alternative energy, consumption and transportation demand are expected to increase. China’s main coal producing areas are located in Shanxi, Shaanxi and Western Inner Mongolia. They arrive at the port through railway transportation such as Daqin line, Shuohuang line and Zhangtang line, and then arrive at coastal consumption places by sea. Therefore, Daqin Railway Co.Ltd(601006) , Qinhuangdao port, Tangshan Port Group Co.Ltd(601000) , Rizhao Port Co.Ltd(600017) , Ningbo Marine Company Limited(600798) and other companies have We hope to benefit from the growth of coal transportation volume. ” Tianfeng Securities Co.Ltd(601162) transportation industry analyst Chen Jinhai said in the research report.
In addition, Chen Jinhai believes that with the rise of oil prices, the prices of energy, grain, metals and other bulk commodities are expected to rise, the revenue and profits of bulk supply chain enterprises are expected to increase, and the profits of bulk supply chain enterprises are expected to accelerate.
