The two commodity crises that have triggered severe market fluctuations for many days have finally ushered in easing recently.
On the evening of March 9, Castle Peak Group gave a proper solution to the short-term extreme market of London nickel futures. At the same time, the situation in Russia and Ukraine eased, and some OPEC member states also expressed their position to increase crude oil production.
When the market opened on March 10, the Zhejiang Huayou Cobalt Co.Ltd(603799) share price, which was deeply affected by the incident of Qingshan group, recovered sharply and closed up 7.11% in a single day, sweeping away the haze of the two limits. According to the 2021 annual report, Zhejiang Huayou Cobalt Co.Ltd(603799) won positions held by many star fund managers, including Zhou Weiwen, Zhou Yingbo, Yang Ruiwen, etc.
The chemical sector, which has been affected by soaring crude oil prices for several consecutive days, also rebounded sharply on March 10. Chemical fiber, petrochemical industry, fine chemical industry, daily chemical industry and other sectors performed prominently, and relevant stocks held by well-known fund managers such as Yao Zhipeng and Zhao Yi also rose one after another.
Industry insiders believe that the correction of the chemical sector benefits from the release of pressure on the cost side of crude oil. At the same time, it is also closely related to the positive expectations of the real estate industry under the tone of "steady growth".
for the sustainability of the market, some institutions believe that the positive expectation of the real estate industry has a more lasting boost to the chemical sector. Some institutions in the lower reaches of the chemical industry may still be too optimistic about the fluctuation of oil prices, while others may not be optimistic about the performance of the international oil price
Zhejiang Huayou Cobalt Co.Ltd(603799) share price return
After two consecutive limit declines, Zhejiang Huayou Cobalt Co.Ltd(603799) 10 saw a significant recovery, closing up 7.11%, and triggered a large amount of capital return.
Zhejiang Huayou Cobalt Co.Ltd(603799) is a high-tech enterprise focusing on the smelting of cobalt and copper non-ferrous metals and the deep processing of new cobalt material products. Its products are mainly used in the fields of lithium-ion battery cathode materials, petrochemical catalysts and so on.
Affected by the Castle Peak incident, on March 8 and March 9, Zhejiang Huayou Cobalt Co.Ltd(603799) fell by the limit for two consecutive days. Statistics show that Qingshan group and Zhejiang Huayou Cobalt Co.Ltd(603799) have a very close cooperative relationship, and they also have some cooperative development projects.
On March 9, Zhejiang Huayou Cobalt Co.Ltd(603799) said that nickel is the main raw material in the company's production and operation, and the company has set up nickel cobalt resource development business in Indonesia. Combined with its own production and operation, the company carried out nickel hedging business in strict accordance with the hedging management system, rather than active speculation.
Zhejiang Huayou Cobalt Co.Ltd(603799) clarified that the company has not been forced to close its position, and the risk is relatively controllable.
With the peaceful settlement of the short-term extreme market of London nickel futures and the lifting of the crisis of Castle Peak Group, the share price of Zhejiang Huayou Cobalt Co.Ltd(603799) with which it has in-depth cooperation also ushered in a sharp rebound.
star fund manager positions Zhejiang Huayou Cobalt Co.Ltd(603799)
Many well-known institutions can be observed.
By the end of last year, there were more than 70 public offering institutions with positions of Zhejiang Huayou Cobalt Co.Ltd(603799) in total. Among them, the shares held by Huaxia Fund, BOCOM Schroeder fund and huitianfu fund account for more than 1% of the circulating a shares. Bocom Schroeder fund and Boshi fund hold positions, and the company's products are more than 20.
The star fund managers of positions Zhejiang Huayou Cobalt Co.Ltd(603799) include Zhou Keping of Huaxia Fund, Guo Beibei and Yang Yu of huitianfu fund, Zhou Weiwen and Zhou Yingbo of China Europe Fund, Yang Ruiwen of Jingshun Great Wall Fund, Zhang Qinghua of e fund, Shi Bo of South Fund, Han Guangzhe of golden eagle fund, Ren Xiangdong of Xingzheng Global Fund, etc
Soochow Securities Co.Ltd(601555) research report pointed out that Zhejiang Huayou Cobalt Co.Ltd(603799) 's lithium battery material business layout was further improved. Previously, the company had announced the acquisition of Zimbabwe prospect lithium mining company for us $422 million. In addition, the company signed a cooperation framework agreement with Hubei Xingfa Chemicals Group Co.Ltd(600141) to jointly invest in the construction of integrated industries of phosphate rock mining and beneficiation, phosphorus chemical industry, wet process phosphoric acid, iron phosphate and lithium iron phosphate materials.
Xia Meng, general manager of Ruida fund, believes that the supply gap in lithium battery material segments, such as iron phosphate, will still exist in 2022, the future profit will continue to increase, and phosphate rock still maintains a cost advantage.
chemical sector led the increase
In terms of sector performance, on March 10, chemical fiber, petrochemical industry, fine chemical industry and daily chemical industry took the lead.
stocks, Rongsheng Petro Chemical Co.Ltd(002493) , Zhejiang Hailide New Material Co.Ltd(002206) , Guangzhou Tinci Materials Technology Co.Ltd(002709) etc. ushered in the daily limit
As of the end of last year, many star fund managers such as Liu Gesong of GF fund, Wang Chong of BOCOM Schroeder fund and Wang Zonghe of Penghua Fund held positions Rongsheng Petro Chemical Co.Ltd(002493) . A total of 11 products under GF fund hold Rongsheng Petro Chemical Co.Ltd(002493) , accounting for 4.42% of the circulating a shares.
Zhejiang Hailide New Material Co.Ltd(002206) has positions from head public offerings such as e fund, China Europe Fund and Celestica fund. Among them, e fund's supply reform flexible allocation fund holds Zhejiang Hailide New Material Co.Ltd(002206) 3.59% of the circulating shares in a single product.
Guangzhou Tinci Materials Technology Co.Ltd(002709) is also held by more than 40 products under the public offering, many of which are managed by well-known star fund managers, such as Zhao Yi of ABC Huili, Zhou Weiwen and Ge Lan of China Europe Fund, Guo Beibei, Dong Jin and Zhao Jian of huitianfu fund, Yao Zhipeng of Harvest Fund, Han Guangzhe of Golden Eagle Fund and Sheng Fengyan of Western Lide fund, Luo Shuai of South Fund, etc.
long term market or short-term speculation
A private placement practitioner told the Chinese reporter of the securities firm that from the commodity side, the price of the chemical industry is rising logically with the price of crude oil, which is the cost of chemical industry. Therefore, for chemical enterprises in the downstream industrial chain, the easing of the crude oil situation is a good signal, which has been quickly fed back on the stock price of the day.
At the same time, the rise of the chemical sector is also related to the expectations of the real estate industry. The two sessions set the tone of "stable growth", and the demand side policy of real estate is expected to continue to work. At that time, the revenue and profit of the real estate industry will be improved, and the chemicals in the real estate industry chain will also usher in a new wave of market.
Gu fanding, fund manager of CITIC Prudential, believes that the crude oil market was in short supply before the outbreak of geographical conflict, which only exacerbated the concerns of the market. In addition, the continued impact of subsequent sanctions in Europe and the United States on the commodity industry chain and transportation links will disturb the global crude oil supply pattern for a longer time.
In Gu fanding's view, after the geopolitical conflict eases, the contradiction between supply and demand in the crude oil market will change from a centralized large-scale embodiment to a relatively more indirect but more lasting impact, and form a chain reaction to downstream industries.
Xia Meng, general manager of Ruida fund, believes that with the stability of geopolitics, the short-term speculation in the petrochemical sector is basically coming to an end. The crude oil substitution action triggered by high oil prices may bring new market opportunities, such as coal to oil and so on. As the market stabilizes, the market may choose the latest investment direction.
