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On December 27, 2021, the Shanghai Composite Index closed at 3615.97 points, down 0.06%; Shenzhen composite index closed at 14715.65 points, up 0.04%; The power equipment and new energy index closed at 13433.56 points, down 0.23%. The wind primary material index closed at 6241.8 points, up 0.26%. Among them, the top three companies in the coal industry are: Jinneng Science&Technology Co.Ltd(603113) (603113. Sh, 5.18%), Shanxi Meijin Energy Co.Ltd(000723) (000723. SZ, 5.1%), Sundiro Holding Co.Ltd(000571) (000571. SZ, 5.07%). The top three companies in the non-ferrous metal industry are: Jiangyin Electrical Alloy Co.Ltd(300697) (300697. SZ, 8.78%), Hang Zhou Yitong New Materials Co.Ltd(300930) (300930. SZ, 5.27%), Shanghai Fenghwa Group Co.Ltd(600615) (600615. Sh, 4.46%).
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The coal market is weak and prices continue to fall. In terms of supply, affected by the Xiaoyi coal mine accident in Shanxi and the imminent opening of the Winter Olympic Games, local safety supervision has become stricter. Near the end of the year, private mines are expected to have a holiday, and the coal output has shrunk. In terms of demand, the downstream market is affected by the new long-term cooperative price policy, and the terminal inventory is still high. There is a strong wait-and-see mood waiting for further price reduction. In terms of transportation, the tightening of epidemic control and the increase of rain, snow and freezing weather may restrict coal transportation. In terms of weather, driven by the severe cold weather of March 9, the demand for heating coal of residents picked up, and the daily consumption of power plants increased. When the output and shipment of main coal producing areas are reduced, the superimposed transportation is blocked, and the later procurement demand is restored, the decline of coal may be postponed. It is recommended to pay attention to the following related subjects: Yankuang energy, China Shenhua Energy Company Limited(601088) , Shaanxi Coal Industry Company Limited(601225) .
Industry dynamics
1. In order to thoroughly implement the spirit of the notice on carrying out benchmarking and world-class management improvement actions issued by the state owned assets supervision and Administration Commission of the State Council, promote the benchmarking management of coal enterprises, improve the overall benchmarking ability of the coal industry, and give full play to the leading and exemplary role of industry benchmarking, the association refers to the management benchmarking action of key state-owned enterprises carried out by the state owned assets supervision and Administration Commission of the State Council, A total of 10 benchmark coal mines and 40 benchmark cases in the coal industry have been selected and are hereby released. (China Coal Industry Association)
2. It is determined that from January 8, 2022 to January 8, 2023, copper, aluminum, zinc, lead, nickel, tin, deformed steel, wire rod, hot rolled coil, stainless steel, gold, silver, natural rubber, pulp, fuel oil The handling fee standard for delivery of petroleum asphalt futures is temporarily adjusted to 0 (including futures to spot and standard warehouse receipt transfer, which are settled through the exchange and charged according to the delivery standard). (Shanghai Futures Exchange)
Company dynamics
Jizhong Energy Resources Co.Ltd(000937) (000937): on December 24, 2021, the company received the confirmation of securities transfer registration, and 510000000 shares of non tradable shares transferred to Hebei Expressway Group by agreement have completed the transfer registration procedures on December 23, 2021.
Ganfeng Lithium Co.Ltd(002460) (002460): up to now, more than 75% of the shareholders of bacanora company have accepted the tender offer, and the tender offer procedure will continue to be open to the shareholders of bacanora company who have not accepted it until further notice. Bacanora will apply to the London Stock Exchange for delisting, which is expected to take effect at 7:00 a.m. (London time) on January 26, 2022.
Risk tips: the epidemic situation fluctuates beyond expectations, and coal mine safety production accidents occur in key companies.
