Market review: this week, the Shanghai Composite Index fell 1.25% to 321124 points; The CSI 300 index fell 0.99% to 418875 points; SW nonferrous metals industry index fell 2.94% this week to 507720 points, ranking 16th among the 28 primary industries of a shares. In terms of molecular industries, among the five secondary sub industries of the non-ferrous metal industry this week, precious metals, small metals, energy metals and new metal materials fell by 1.58%, 3.30%, 8.09% and 5.47% respectively, and only industrial metals rose by 0.34%..
Key metal price data: copper, aluminum, zinc, lead, nickel and tin in the previous period of this week closed at 74970 yuan / ton, 21850 yuan / ton, 28320 yuan / ton, 15440 yuan / ton, 229400 yuan / ton and 338220 yuan / ton respectively, with changes of 1.97%, 0.25%, 4.68%, – 0.39%, 5.56% and 0.47% respectively compared with last week; This week, London LME copper, aluminum, zinc, lead, nickel and tin closed at US $10332 / ton, US $3299 / ton, US $4430 / ton, US $2448 / ton, US $33145 / ton and US $43400 / ton respectively, with changes of 0.08%, – 2.24%, 4.11%, 2.23%, – 2.10% and – 0.71% respectively compared with last week. This week, gold and silver in the previous period closed at 405.82 yuan / g and 5235 yuan / kg respectively, with changes of 2.40% and 4.53% respectively compared with last week. Praseodymium neodymium oxide, terbium oxide, dysprosium oxide and sintered neodymium iron boron N35 blanks closed at 820000 yuan / ton, 12.7 million yuan / ton, 2.44 million yuan / ton and 257.5 yuan / kg respectively this week, with changes of – 8.38%, – 3.05%, – 5.06% and – 5.50% respectively compared with last week. This week, the prices of battery grade lithium carbonate, industrial grade lithium carbonate, battery grade lithium hydroxide and Australian lithium concentrate closed at 480445 yuan / ton, 465000 yuan / ton, 512333 yuan / ton and US $2825 / ton respectively, with changes of – 7.15%, – 6.53%, 3.02% and 1.80% respectively compared with last week. This week, China’s electrolytic cobalt, MB electrolytic cobalt, cobalt trioxide and cobalt sulfate closed at 560000 yuan / ton, 39875 US dollars / pound, 437000 yuan / ton and 117500 yuan / ton respectively, with changes of 0.45%, 1.21%, – 0.91% and – 0.84% respectively compared with last week.
Investment suggestion: in mid March 2022, the production and sales of Shanxi Guoxin Energy Corporation Limited(600617) automobiles will be 465000 and 484000 respectively, with a year-on-year increase of 115% and 114% respectively, and a month on month increase of 25% and 44%. The deterioration of the epidemic situation in many places in China has had an impact on the new energy vehicle industry chain. Due to the restrictions on personnel and logistics under the epidemic situation, vehicle manufacturers are facing supply chain problems such as insufficient parts. Tesla Shanghai, blue and other new energy vehicle manufacturers are forced to stop production and reduce production. Some battery enterprises experienced a decline in orders and production scheduling from April to may, affecting the demand for lithium salt in the upstream of the industry chain and prompting the correction of lithium price at a high level. However, after the Ministry of Communications issued a document in the middle of the week, local logistics began to improve, and Shanghai also started to resume work and production at the weekend. It is expected that after the new energy vehicle industry chain gradually resumes production, the upstream lithium salt demand will usher in a new round of stimulation under the condition of low inventory in the material factory. The results of Companies in the lithium lithium sector continue to be released in a big release from the results of the first quarter of the quarter, and the annual valuation is at a very low position, driven by the benefits of the downstream resumption of production, which is likely to bounce back, driven by the benefits of the downstream recovery. It’s likely to rebound, and it’s likely to rebound. It’s suggested to focus on Hongda Xingye Co.Ltd(002002) 460460 Youngy Co.Ltd(002192) ( Youngy Co.Ltd(002192) ), Jiangxi Special Electric Motor Co.Ltd(002176) ( Jiangxi Special Electric Motor Co.Ltd(002176) ) Sichuan New Energy Power Company Limited(000155) Sichuan New Energy Power Company Limited(000155) ）。 Under the severe epidemic situation in China and the requirements of stable growth, monetary easing and increased financial support are expected to strengthen, the central bank lowered the reserve requirement by 25 basis points, the growth rate of infrastructure investment has rebounded significantly, more than 70 real estate cities have relaxed the regulation scale, and there may be further easing policies in the future. The industrial metals in the upstream of the real estate industry chain in the upper reaches of the real estate industry chain are likely to pick up with the downstream demand picking up, and the boom margin is rising. It’s suggested to focus on the industrial metals sector. It’s suggested to focus on the industrial metals sector. It’s suggested to focus on the industrial metals sector. It’s recommended to focus on the industrial metal sector. It’s recommended to focus on the industrial metal sector’s leading enterprise China Pacific Insurance (Group) Co.Ltd(601601) 89 Zijin Mining Group Company Limited(601899) ( Yunnan Chihong Zinc & Germanium Co.Ltd(600497) ).
