Affected by the continuous tension in Russia and Ukraine, the price of Lun nickel futures soared 76% overnight, closing at US $50905 / ton as of early this morning, the highest since June 2007. In early trading, nickel price related stocks rose one after another, and netizens in the stock bar called for the return of delisting nickel leader gene.
In addition, according to foreign media reports, there are "mysterious" nickel inventory holders who have quietly hoarded goods and hold at least half of the inventory of the London Metal Exchange ("LME").
lunni rose 78%
nickel concept stocks are now trading at the limit
The situation in Russia and Ukraine continued to be tense, and the fear of supply continued to ferment. The commodity market soared all day yesterday, especially lunni, which soared nearly 80% in the day! As of early this morning, it had closed at US $50905 / ton, the highest level since June 2007. As of press time, LUNI has climbed to a new high and soared by 12% within the day. It is now reported as US $5387000/ton.
Affected by this news, nickel concept stocks rose sharply at the opening this morning, Ningbo United Group Co.Ltd(600051) , Pengxin International Mining Co.Ltd(600490) , Qingdao Zhongzi Zhongcheng Group Co.Ltd(300208) trading limit Chengtun Mining Group Co.Ltd(600711) , Inner Mongolia Xingye Mining Co.Ltd(000426) , Metallurgical Corporation Of China Ltd(601618) , etc.
Affected by the rise of nickel price, the performance of concept stocks generally increased in 2021, and 6 stocks have announced the performance forecast, of which 5 stocks increased in advance, Chengtun Mining Group Co.Ltd(600711) , Inner Mongolia Xingye Mining Co.Ltd(000426) , Western Mining Co.Ltd(601168) are expected to have the highest median growth rates of 2015.5%, 233.26% and 220% respectively.
Sealand Securities Co.Ltd(000750) believes that high nickel ternary is the long-term trend of lithium battery development. From the cost side, the cost of raw materials can account for as much as 90%, and there is still some room for reducing the cost of raw materials. Due to the shortage of global cobalt resources and the great influence of the international trade situation, the cobalt price fluctuates greatly, and the price center is at a high level all year round. With the worldwide promotion of vehicle electrification and the formation of high nickel trend of ternary battery, the demand for nickel sulfate will maintain a rapid growth trend.
netizens call for gene's return: don't die
After the delisting of a shares, Jean nickel was once a well deserved leader. On the third board, the delisting Jean's share price rose again today. The lowest price of the company after delisting was 0.9 yuan to 13.19 yuan today, up 14 times in less than four years.
Today, in the stock bar, many investors and netizens called for the return of gene dragon head.
According to public information, gene nickel is the largest nickel salt production base in China and the largest nickel sulfate producer in Asia. It is mainly engaged in the production of nickel, copper, cobalt salts, nonferrous and chemical products for electroplating, electroless plating and other industries. The company is the only enterprise in China that can produce nickel sulfate with high nickel matte as raw material and the new process of internal circulation self balance selective pressure controlled pure leaching.
In 2003, gene nickel (Stock Code: 600432) was listed, known as the "first stock" of nickel industry, a listed company in China, and the "gene" brand was known as the "first brand" of nickel stock. In 2018, due to four consecutive years of losses, the company's shares were delisted and delisted by the Shanghai Stock Exchange. In November 2018, Jilin state owned capital investment and Operation Co., Ltd. applied to Jilin intermediate people's court for reorganization of the respondent gene nickel on the grounds that gene nickel could not pay off its due debts and obviously lacked solvency. On June 14, 2019, gene nickel received the civil ruling of Jilin intermediate people's court, which ruled to approve the reorganization plan of Jilin gene nickel Co., Ltd., and a private enterprise became the controller.
mysterious nickel stocker stocked half of the world's nickel inventory
According to Bloomberg, Xiang Guangda is a well-known "big man" in China's commodity circle - he owns the world's largest nickel production enterprise and never worries about betting heavily on the next direction of the market.
Now Xiang Guangda is becoming the focus of the market. In recent years, he has constantly triggered sharp fluctuations in the market on an important element of the global fight against environmental change. According to people familiar with the matter, on the one hand, Xiang Guangda and some of his business partners have accumulated a large number of short positions in the nickel derivatives market to hedge the risk of possible price decline in the process of nickel production.
On the other hand, according to the London Metal Exchange, as of February 9, 2022, there was an unidentified nickel inventory holder holding at least half of the inventory of the London Metal Exchange ("LME").
It is unclear how much risk the rise in nickel price will have on the position of Qingshan Holding Group Co., Ltd. owned by Xiang Guangda. However, if the rally continues, the company's short position may offset part of its production profit. Aoyama declined to comment in repeated requests for comment. Qingshan Holding Group Co., Ltd. was founded in the late 1980s. It became a leading enterprise in the industry because it took the lead in large-scale use of nickel pig iron to produce stainless steel. Nickel pig iron is a semi refined product, which is a low-cost substitute for metal nickel in the production of stainless steel.
According to a person familiar with the matter, the company began to establish short positions last year, in part because it wanted to hedge production growth and believed that the upward momentum of nickel prices would subside. The production cost of Castle Peak in Indonesia is less than US $10000 per ton, while the benchmark price of LME is more than US $23000.
For now, however, there is little sign that nickel market price will fall. Goldman Sachs predicted last month that nickel demand will exceed supply by 30000 tons this year, higher than the previous estimate of 13000 tons.
According to daily data from the London Stock Exchange, the unidentified stockist holds 50% to 80% of nickel warehouse receipts monitored by LME. The holder of LME warehouse receipt can withdraw the spot according to the warehouse receipt. The positions reported by the exchange are concentrated in the range rather than the exact number.
This position has been maintained for nearly a month, which is a relatively long period of time, indicating that inventory holders are either very optimistic about the nickel market or may be the hoarding required by their future spot supply contracts. "I think part of the reason is that due to the rapid growth of the battery market, the market is a little busy hoarding," Lennon said.
