Qingshan holding group is an important global manufacturer of stainless steel and ferronickel. It has close cooperation with many A-share listed companies. Rumors are rampant, and the A-share “small partners” of Qingshan holding group have fallen passively.
According to the sorting of securities times · e company, the A-share listed companies that have direct intersection with Qingshan holdings include at least Zhejiang Huayou Cobalt Co.Ltd(603799) , Cngr Advanced Material Co.Ltd(300919) , Gem Co.Ltd(002340) , Zhejiang Yongjin Metal Technology Co.Ltd(603995) , Zhejiang Weiming Environment Protection Co.Ltd(603568) , etc.
In March 2021, Castle Peak holdings announced that it had signed a high nickel matte supply agreement with Zhejiang Huayou Cobalt Co.Ltd(603799) , Cngr Advanced Material Co.Ltd(300919) and . The three parties jointly agreed that from October 2021, Castle Peak holdings will supply 60000 tons of high nickel matte to Zhejiang Huayou Cobalt Co.Ltd(603799) and 40000 tons of high nickel matte to Cngr Advanced Material Co.Ltd(300919) within one year. In addition, Gem Co.Ltd(002340) said on the interactive platform in June 2021 that the company has maintained a close and good cooperative relationship with Qingshan holding group for a long time. Through the cooperation with Qingshan holding group, the company has locked in the protection of nickel resources in the next 10 years.
Nickel is one of the important cathode materials of ternary battery, which can improve the energy density of power battery and the mileage of new energy vehicles. Against this background, Castle Peak Holdings Group entered the new energy industry in 2017 and quickly became a dark horse.
The rapid rise of Qingshan holding group is inseparable from the cooperation of A-share small partners. Among them, Qingshan holding group has more cooperation with Zhejiang Huayou Cobalt Co.Ltd(603799) and the companies with equity cooperation between the two sides include HuaSu import and export (Tongxiang) Co., Ltd., Huaxiang import and export (Tongxiang) Co., Ltd., Huashan import and export (Wenzhou) Co., Ltd. In addition, in addition to trade cooperation, Qingshan holding group and Zhejiang Huayou Cobalt Co.Ltd(603799) also have project cooperation in Indonesia, a major nickel mining country.
What impact will the sharp rise in nickel price and the rumor of position explosion of Qingshan holding group have on Zhejiang Huayou Cobalt Co.Ltd(603799) ? On March 8, Zhejiang Huayou Cobalt Co.Ltd(603799) told the securities times · e company that nickel is an important material for ternary batteries, and the rise and fall of the price is related to the demand for downstream applications. In terms of short-term business behavior, the rise of nickel price is good for enterprises engaged in nickel resource development. However, in the long run, the high nickel price will affect the demand of downstream customers and is not conducive to the popularization and promotion of new energy industry. Therefore, high nickel prices are not sustainable.
Zhejiang Huayou Cobalt Co.Ltd(603799) at the same time, it was pointed out that the nickel price rise this time was an obvious short squeeze, and foreign capital seized the loophole to do more maliciously. At present, although some Chinese enterprises have metal nickel spot on hand, because these spot are not standard products and do not meet the delivery standards of London nickel in the futures market, they cannot deliver at maturity. Therefore, taking advantage of the uncertainty brought by the war between Russia and Ukraine, foreign investors maliciously forced Chinese enterprises to break their positions in the futures market.
For the cooperation projects between the two sides in the development of nickel resources, Zhejiang Huayou Cobalt Co.Ltd(603799) told company e that at present, there are three projects jointly developed by the company and Qingshan holding group in nickel resources. Among them, the 60000 ton nickel metal quantity nickel cobalt hydroxide hydrometallurgy project in China and Vietnam has been put into trial production, and the operating load rate of the two production lines is about 50%; The other two projects are still under construction. If the three projects can be successfully put into operation, the tight market supply will be alleviated at that time.
In addition, the Zhejiang Huayou Cobalt Co.Ltd(603799) side also said that according to the current preliminary judgment, the event will not affect the construction of cooperation projects between the two sides. First of all, judging from the current situation, this incident will not have a fundamental impact on Qingshan holding group; Secondly, the three projects are Zhejiang Huayou Cobalt Co.Ltd(603799) led. If there is an accident in Qingshan holding group, other enterprises and suppliers will replace it.
