Market Overview
The market staged a V-shaped reversal on Tuesday. The market was weak in the morning and strong in the afternoon. Specifically, the overall real estate industry chain is still weak, and the rest of the sector is the main reason for the weakness of the market; Large consumer sector rebounded strongly, Baijiu, Wen brigade strong upward, China Tourism Group Duty Free Corporation Limited(601888) trading; Catering, tourism and airport sectors rose by more than 8%, ushering in a retaliatory rise; The steady growth of the market in the early stage is still weak as a whole. A large inflow of funds from the North changed the previous outflow trend.
After the crash, there will be a strong rebound. We should not be excessive or insufficient. We should continue to pay attention to the stability of the index and should not be radical. At present, the market should not be overly optimistic for the following reasons: on the one hand, the index continues to dip downward, the moving average presents a more obvious short position, the downward trend of the 20 day moving average is obvious, and it still needs a more iconic positive line or a longer time to grind the bottom; On the other hand, the current market volume is weak, and China’s policy is moderate, but there is no higher-level policy than expected. On the whole, we should pay attention to the release of market energy and the structural opportunities of agriculture, infrastructure and securities companies.
Policy tracking
China’s soda ash export is expected to exceed expectations
According to the financial Associated Press, China’s soda ash export volume from January to February 2022 was about 166000 tons, with a year-on-year increase of + 8.45%, of which the export volume to Southeast Asian countries increased significantly. Since 2022, China’s soda ash export volume has gradually increased.
The substantial increase in the cost of overseas soda ash is conducive to the competitiveness of China’s soda ash in the global market. With the vigorous development of the new energy industry, the demand for upstream raw materials is expanding. The new energy industry represented by photovoltaic power generation and electric vehicles has gradually become the main growth point of soda ash demand, and relevant concept stocks are expected to benefit.
