Recently, nickel futures prices fluctuated sharply, causing investors’ attention. Nickel is not only the main raw material in the production and operation of non-ferrous metal industry, but also one of the important cathode materials of ternary battery. It is the key raw material of new energy vehicle power battery. The sharp rise of nickel price has caused some disturbance to the relevant industrial chain.
The reporter of economic information daily noted that affected by this, the share prices of many nickel related companies fluctuated sharply. Therefore, Zhejiang Huayou Cobalt Co.Ltd(603799) ( Zhejiang Huayou Cobalt Co.Ltd(603799) . SH), Gem Co.Ltd(002340) ( Gem Co.Ltd(002340) . SZ), Hunan Corun New Energy Co.Ltd(600478) ( Hunan Corun New Energy Co.Ltd(600478) . SH) and other companies announced that the sharp rise in nickel price had little impact on the company’s production and operation.
nickel related company’s share price fluctuates sharply
At 16:00 on March 7, Beijing time, the benchmark nickel price of the London Metal Exchange (LME) suddenly rose continuously shortly after the opening, once soaring by more than 88%, reaching a record high of US $55000 / ton. On March 8, the nickel price continued to rise “ridiculously”, and LME decided to suspend the trading of this variety that day. Affected by this, A-share related nickel related companies have attracted much attention. On March 9, nickel concept stocks became the sector with the largest decline in the A-share market. Among them, Zhejiang Huayou Cobalt Co.Ltd(603799) , Chengtun Mining Group Co.Ltd(600711) ( Chengtun Mining Group Co.Ltd(600711) . SH) fell one after another, and Gem Co.Ltd(002340) ( Gem Co.Ltd(002340) . SZ) fell 6.53% to close at 8.88 yuan / share.
However, on March 10, the metal nickel concept sector rose slightly, up 0.17%.
Previously, due to the cumulative deviation of the closing price increase of more than 30% for two consecutive trading days on March 7 and March 8, Qingdao Zhongzi Zhongcheng Group Co.Ltd(300208) ( Qingdao Zhongzi Zhongcheng Group Co.Ltd(300208) . SZ) issued the announcement on abnormal fluctuation of stock trading on March 8, in which nickel ore was specifically mentioned. The company said that at present, the company’s main business income does not involve nickel ore sales, and the nickel ore held by the company has no impact on the company’s performance. In addition, the company has suffered performance losses for three consecutive years in 2019, 2020 and 2021. Investors are hereby reminded to pay attention to investment risks. On March 9, Qingdao Zhongzi Zhongcheng Group Co.Ltd(300208) once fell to the intraday limit, and finally fell 19.92% to close at 14.75 yuan / share.
According to choice data, from March 7 to March 8, Ningbo Ronbay New Energy Technology Co.Ltd(688005) ( Ningbo Ronbay New Energy Technology Co.Ltd(688005) . SH) had a cumulative decline of 23.24% in two trading days. In the morning of March 9, the company said in the disclosed investor relations activity record that the company’s production and operation were normal and did not participate in nickel futures trading. On March 9, Ningbo Ronbay New Energy Technology Co.Ltd(688005) shares rose 7.01% to close at 111.50 yuan / share; On the morning of March 10, Ningbo Ronbay New Energy Technology Co.Ltd(688005) soared by more than 11% and finally closed at 125.14 yuan / share, up 12.23%.
a-share listed companies have clarified
Hunan Corun New Energy Co.Ltd(600478) 3 announced on March 10 that the fluctuation of nickel price has little impact on the company’s production and operation, revenue and profit. The main products of the company include nickel foam, pole piece, nickel hydrogen battery and other nickel related products. The selling price is mainly based on the purchase price of raw materials plus the pricing mode of processing fees, that is, the selling price will be adjusted dynamically along with the fluctuation of raw material prices. Therefore, the short-term fluctuation of nickel price and other raw material prices has little impact on the overall revenue and profit of the company.
Zhefu Holding Group Co.Ltd(002266) ( Zhefu Holding Group Co.Ltd(002266) . SZ) was misread by some investors due to the disclosure of the announcement on adding the margin of commodity futures hedging business in 2022 of its subsidiaries at noon on March 9.
On March 9, Zhefu Holding Group Co.Ltd(002266) issued another announcement to clarify that the company has not participated in nickel futures trading at present, and the position of nickel futures in the current period is zero. The “Castle Peak nickel” air tight event hyped in the market has nothing to do with Zhefu Holding Group Co.Ltd(002266) and the company’s production, operation and operating performance are not affected by the nickel futures event. Up to now, the company has only conducted futures hedging business for part of the total production of copper and tin. At present, the hedging business of copper and tin is carried out normally with sufficient margin, and there is no case of making up margin due to warehouse explosion.
Gem Co.Ltd(002340) announced on March 9 that the company said that it had never participated in the operation of nickel futures, and the current position of nickel futures was zero. This nickel futures event had nothing to do with Gem Co.Ltd(002340) and the company’s production, operation and operating performance were not affected by this nickel futures event.
The announcement shows that the export orders of Gem Co.Ltd(002340) ternary precursor orders account for more than 60%, and the trading is carried out based on the monthly average price. The short-term sharp decline and rise of nickel will not affect the pricing system of Gem Co.Ltd(002340) trading, and will not have a substantive impact on Gem Co.Ltd(002340) operation. The company has the actual operation and management right of Indonesia nickel resources project, and the actions of other shareholders will not materially affect the operation of Indonesia nickel resources project. All procedures of the Indonesian nickel resources project have been approved by the Indonesian government. At present, the construction is progressing smoothly, and it is planned to be put into operation before June this year.
on the evening of Zhejiang Huayou Cobalt Co.Ltd(603799) 9, the company announced that up to now, the company has not been forced to close its positions, and the risk is controllable. There is uncertainty in the future trend of nickel futures, which may lead to losses in the company’s hedging business. The company’s production and operation are normal. Nickel and cobalt resource development projects such as the laterite nickel ore hydrometallurgy crude nickel and cobalt hydroxide project and the laterite nickel ore pyrometallurgy high matte project arranged in Indonesia are normally promoted. Among them, the laterite nickel ore hydrometallurgy project with an annual output of 60000 tons of nickel metal of the subsidiary Huayue nickel and cobalt Co., Ltd. has been successfully put into trial production. Zhejiang Huayou Cobalt Co.Ltd(603799) after clarifying the limit for two consecutive days, rose more than 8% in the morning of March 10 and finally closed at 97.61 yuan / share, up 7.11%.
In addition, on March 9, a number of listed companies responded to the impact of rising nickel prices on the investor interaction platform China Molybdenum Co.Ltd(603993) ( China Molybdenum Co.Ltd(603993) . SH) said that the company currently invested in the Huayue hydrometallurgy nickel project, accounting for 30% of the equity ratio. After the project is completed, the nickel metal production capacity will be 60000 tons / year. In the future, it will be underwritten according to the equity ratio Jiangsu Toland Alloy Co.Ltd(300855) ( Jiangsu Toland Alloy Co.Ltd(300855) . SZ) indicates that the company has not participated in futures speculation, and there are no risks such as position explosion Miracle Automation Engineering Co.Ltd(002009) ( Miracle Automation Engineering Co.Ltd(002009) . SZ) said that if the nickel price continues to be high, it may increase the selling price of the company’s nickel products and the income of existing inventory.
Metallurgical Corporation Of China Ltd(601618) ( Metallurgical Corporation Of China Ltd(601618) . SH), a listed company of central enterprises, said on the interactive platform that the company currently has no nickel futures business. At the same time, the company also reminded that the current international nickel metal futures price has deviated from the fundamentals due to the influence of geopolitical, low inventory and financial trading factors. As an important international wet nickel production and technology export enterprise, the high price is naturally beneficial to the company, but we should also pay attention to the undertaking capacity of the downstream market in the short term, and consider the healthy development of the whole new energy industry chain in the medium and long term.
