I. hot topics
1. Agriculture
Driving event: some parts of North America ushered in strong snowfall last week. According to Canadian media reports, a rare snowstorm will sweep central Canada, southern Saskatchewan and Manitoba, and Northern Ontario from April 13. Canada’s meteorological department warned that these areas are expected to encounter 20 to 50 cm of snow and monsoon with speeds of up to 70 kilometers per hour or even stronger. Some experts said that the snowstorm could be called “historic”. This will mean that the storm affected areas of Canada will delay the sowing time of the new crop. According to the data released by the food and Agriculture Organization of the United Nations on April 8, with the impact of the conflict in the Black Sea region on the main grain and vegetable oil markets, the world food commodity prices jumped sharply in March to an all-time high. Specifically, the food price index in March rose by 12.6% compared with February, and the prices of grains, vegetable oil and meat jumped sharply to the highest level since 1990.
Related stocks: Gansu Yasheng Industrial (Group) Co.Ltd(600108) , Jiangsu Provincial Agricultural Reclamation And Development Co.Ltd(601952)
2. Glufosinate
Driving event: Recently, the price of glyphosate in China has obviously stopped falling and rebounded, and the price has increased by 15.7% in the past two working days. According to Baichuan Yingfu, on April 20, some manufacturers of 95% glyphosate quoted 220000 yuan / ton, the mainstream transaction reference price rose to 2 China Vanke Co.Ltd(000002) 05000 yuan / ton, and the high-end transaction price rose to 2100 Yunnan Yuntou Ecology And Environment Technology Co.Ltd(002200) 00 yuan / ton. The shortage of cash in the glufosinate market and strong demand outside China support the continuous rise of glufosinate prices. The price of glufosinate has continued to decline since November last year, mainly due to the resumption of production of leading enterprises in the industry, the increase of operating rate, the increase of supply and the lack of market demand. At the end of March 2022, the price of glufosinate dropped to 172500 yuan / ton, down 53.4% from the high point. With the recovery of demand, the price rebounded at the bottom and accelerated its rise recently. On the one hand, the spot supply in the market is tight because the orders of mainstream manufacturers in China have been arranged from May to June; On the other hand, in the peak season of overseas demand, there is uncertainty in logistics. Some enterprises place orders in advance, are eager to purchase, and suppliers’ mentality of raising prices is strengthened. Related stocks: Lier Chemical Co.Ltd(002258) , Limin Group Co.Ltd(002734)
II. Outlook
At the beginning of this week, the market fluctuated and had no choice but to continue to shrink. In the later stage, it continued to fall above the previous low of 3020. The stock index index has recovered to a low level, and there has been a rebound trend. The average transaction price of the whole market has increased in the process of the decline of the market in recent days, and the bulls have made some efforts. The rebound from the low position in the short term can be expected, but the medium and short-term average has been backpressed, the progress of volume and energy needs to be observed, and the rebound height is limited. Still cautious in operation, focusing on stocks with substantial growth in their main business.
III. chongguan sector
1. According to the information of the financial Associated Press, according to media reports, the first batch of digital RMB online loans in China recently landed in Qingdao. The pilot application of the digital RMB financing scenario is the first closed-loop application of digital RMB in the personal and corporate financing scenario of financial institutions, which has effectively improved the inclusiveness and availability of digital RMB.
Earlier, Zou LAN, director of the financial market department of the central bank, revealed that as of December 31, 2021, China had more than 8.0851 million digital RMB pilot scenarios, opened 261 million personal wallets, and the transaction amount was 87.565 billion yuan. At present, digital RMB has formed a number of application modes covering Wuxi Online Offline Communication Information Technology Co.Ltd(300959) , replicable and popularized in the fields of wholesale and retail, catering, culture and tourism, government payment, etc. major pilot projects such as the scenes of 2022 Beijing Winter Olympic Games and winter Paralympic Games have been successfully completed. The users, businesses and transaction scale participating in the pilot have increased steadily, and the market has responded well. On March 31, the people’s Bank of China held a symposium on the pilot work of digital RMB research and development. The new 11 pilot cities covered relevant cities in the north, southwest and South China, forming a good complementarity with the previous two batches of pilot cities. So far, the pilot of digital RMB has covered typical regions such as East China, South China, North China, southwest, northwest and Northeast China, forming a national development pattern.
Among the A-share listed companies, Sinodata Co.Ltd(002657) has made attempts in the technical application, scene expansion and operation service of digital currency, and has been pilot applied in public transportation and retail catering scenes Shenzhen Forms Syntron Information Co.Ltd(300468) provided technical consultation and project implementation for the “multilateral central bank digital currency bridge” project. The company said that at present, it is in the digital currency related business income Xgd Inc(300130) is actively developing digital RMB “Hard Wallet” products.
