Recently, with the nickel price entering the rising channel, the share prices of Listed Companies in relevant sectors have changed one after another, which has become the focus of the capital market.
After three consecutive days of trading, Ningbo United Group Co.Ltd(600051) announced that the company and its subsidiaries currently have no nickel related business.
Source: company announcement
Due to the disturbance of the situation in Russia and Ukraine, on March 7, the nickel price appeared as one of the most extreme price movements in the history of the London Metal Exchange (LME). According to wind data, Lun nickel closed at US $50300 / ton, up US $21381 / ton, up nearly 74%, reaching a record high. It rose more than $21000 a day, also the largest one-day increase in the 35 year history of the contract.
On the night of March 7, most of China’s commodity futures rose. Shanghai nickel rose by the limit at the opening of trading, at 228810 yuan / ton.
company share price triple board
Ningbo United Group Co.Ltd(600051) announced that on March 3, March 4 and March 7, 2022, the company’s stock range increased by 33.25%, with a large increase, and the cumulative turnover rate of the company’s stock in the three trading days was 39.40%, significantly higher than the previous turnover rate of the company.
The company clarified the information about the company’s nickel related business on the Internet and gave risk tips to investors.
According to the company, the company is mainly engaged in wholesale business, power and heat production and supply, real estate development and other businesses. So far, there has been no significant change in its main business. And stressed that the company and its subsidiaries currently do not have any business related to nickel.
Ningbo United Group Co.Ltd(600051) is busy refuting rumors here, and listed companies with nickel ore resources there have made “introductions” on the investor interaction platform one after another.
Gem Co.Ltd(002340) previously said on the investor interaction platform that the company’s Indonesian nickel resource project has an annual capacity of 50000 tons of nickel metal, and its products include 20000 tons of nickel intermediate and 30000 tons of nickel sulfate.
Inner Mongolia Xingye Mining Co.Ltd(000426) february 28, said on the investor interaction platform that Tanghe times mining, a subsidiary of the company, has nickel and cobalt metal reserves. It is estimated that the total amount of copper and nickel ore in the mining area is 97.549 million tons, including 15703 kg of palladium metal.
3 Sunvim Group Co.Ltd(002083) on March 1, the company said on the investor interaction platform that the development of nickel ore needs to be combined with the company’s development strategy and market conditions, and the open-pit mining of laterite nickel ore held by the company is enough. According to the announcement of the company, at present Qingdao Zhongzi Zhongcheng Group Co.Ltd(300208) holds about 2014 hectares of Madani nickel mine and 1963 hectares of BMU nickel mine in Sulawesi province, Indonesia (the company holds a total equity of bmu80%). The company has obtained the exploration right and mining right of the above minerals. In addition, the company also owns two subsidiaries in Indonesia, Hengshun Indonesia sudao nickel Mining Co., Ltd. and Hengshun Indonesia Sino Suriname nickel Mining Co., Ltd., with shareholding ratios of 95% and 80% respectively.
With the increase of nickel price, the staff of the Securities Department of many listed companies told reporters that they are actively promoting the progress of relevant projects and accelerating the release of production capacity of operated projects. The rise of nickel price will provide further support for the company’s performance.
According to the statistics of zhongzhengjun, on March 7, stocks in nonferrous nickel concept sector rose sharply. Among them, Qingdao Zhongzi Zhongcheng Group Co.Ltd(300208) increased by 12.86%, Pengxin International Mining Co.Ltd(600490) 10.02%, Chengtun Mining Group Co.Ltd(600711) , Metallurgical Corporation Of China Ltd(601618) , Inner Mongolia Xingye Mining Co.Ltd(000426) , etc.
nickel price continues to reach a new high
It is reported that nickel, like lithium and cobalt, is one of the important raw materials for the production of power batteries. It is mainly used in ternary material batteries. At present, stainless steel is the largest downstream of nickel, accounting for 68% of global nickel consumption. With the explosive growth of the new energy industry, the proportion of power batteries has increased from 10% to 15% from 2020 to 2021.
It is understood that due to the impact of geographical conflicts, the trading and transportation of Russian nickel have been hindered and delayed, driving the rise of nickel price. In addition, the upgrading of epidemic prevention and testing measures for nickel import also delayed the arrival of raw materials to a certain extent.
Soochow futures data show that Russian nickel accounts for about 11% of global production, second only to Indonesia and the Philippines. Russian Norilsk Nickel is the world’s largest nickel producer. It is reported that sanctions against Russian individuals and enterprises have stopped many banks, freight and other companies from cooperating with Russian companies.
An industry analyst said that recently, Lun nickel and Shanghai nickel markets are in the upward state of increasing positions, coupled with strong fundamental supporting factors, nickel prices will remain strong in the short term.
Soochow futures research believes that the conflict between Russia and Ukraine has triggered supply concerns, the sharp rise in energy prices has driven the strength of metals, and the market is worried that Russian nickel will be affected by sanctions. In terms of industrial fundamentals, the low inventory of nickel and the expectation of continued destocking remain unchanged, the price supported by industrial demand remains strong, and the trend is expected to continue to reach a new high.
Shanghai Nonferrous Metals analysts believe that the current market expects that if the United States upgrades sanctions against Russia, the Russian nickel sectors originally flowing to Europe and the United States may turn to countries or regions outside Europe and the United States. Therefore, the supply of pure nickel in Europe and the United States will be tight in the short term.
